Slide 1: 2023 Results
2023 Results 1
Slide 2: 1Q23 Highlights
1Q23 Highlights €308.3 €61.7 €25.8 €8.9 million million million million Revenue EBITDA Net profit Capex +17.3% +6.9% -6.1% -23.4% Highlights Revenue EBITDA Balance sheets To wrap up 2
Slide 3: Double-digit growth in revenue
Double-digit growth in revenue Driven by like-for-like, energy, and forex Revenue 1Q23 € million +3.8 +4.5 +37.1 308.3 262.9 +17.3% +14.1 p.p. +1.5 p.p. +1.7 p.p. Like-for-like 1 Like-for-like 1 Forex TB and NB energy 1Q22 1Q23 1 Like-for-like: For comparative purposes, like-for-like growth excludes
Slide 4: SAM, EMEA, and NAM are the growth drivers
SAM, EMEA, and NAM are the growth drivers The weakness in APAC is driven by the market decline in China Revenue 1Q23 Breakdown by geographical area1 95.1 131.6 86.1 105.5 NAM EMEA + 6.6% + 10.5% + 24.7% 24.1% + Like-for-like2 vs. 1Q22 1Q22 1Q23 1Q22 1Q23 vs. 1Q22 Like-for-like2 31% 43% Group €308.3
Slide 5: Positive contribution from all businesses
Positive contribution from all businesses Like-for-like improvement driven by Price/mix, and, by volume and New Business Revenue 1Q23 Breakdown by business division 247.2 214.6 Traditional 40.5 Business. TB 31.5 + 15.2% +28.5% vs. 1Q22 1Q22 1Q23 Group 1Q22 1Q23 vs. 1Q22 80% €308.3 New million 13% Bu
Slide 6: Positive evolution in operating profit
Positive evolution in operating profit Revenue strength to offset the higher cost of energy, raw materials, and wages P&L 1Q23 Year-on-year change +25% increase in the price of raw materials +90% co-generation gas and CO2 emission allowances +20% rise in energy costs +5% increase in +22.4% average w
Slide 7: Like-for-like growth but still with margin erosion
Like-for-like growth but still with margin erosion Offsetting the inflation and the start-up costs of the investments in the US EBITDA 1Q23 EBITDA Margin 1Q23 Bridge breakdown of like-for-like and forex +3.6 +0.3 61.7 22.0% 20.0% 57.8 Like-for-liek 1 Forex +6.3p.p. +0.6p.p. +6.9% 1Q22 1Q23 1Q22 1Q23
Slide 8: EBIT growth but with lower Net profit
EBIT growth but with lower Net profit Impacted by the sharp increase in the negative exchange differences EBIT to NET PROFIT € million € million 1Q23 1Q22 % y-o-y Main components of the EBIT 41.1 38.9 +5.8% financial result 1Q22 1Q23 Financial result -7.9 -0.8 n.s. -0.2 -1.0 -1.1 Tax -7.4 -10.6 -29.
Slide 9: Investment projects are progressing
Investment projects are progressing With a strong Balance Sheet to deal with an adverse environment Capex 1Q23 Net bank debt1 at March 2023 € million € million New converting plant in Thailand <0,5x EBITDAe 2023 Technology upgrade in the US Payments related €8.9 €132.9 with the capex million million
Slide 10: 1Q23. To wrap up
1Q23. To wrap up 1 2 3 4 Commercial Operating profit Successful start-up of Operating results in discipline growth driven by the main line with implementing price revenue strength and transformation expectations for the increases in a cost control projects in the United year with Net profit context
Slide 11: Appendix. P&L
Appendix. P&L Like-for-like1 € million 1Q23 1Q22 % y-o-y % y-o-y Revenue 308.3 262.9 +17.3% +15.6% EBITDA 61.7 57.8 +6.9% +6.3% EBITDA margin 20.0% 22.0% -2.0 p.p. -1.8 p.p. Operating profit 41.1 38.9 +5.8% Profit before taxes 33.2 38.1 -12.7% Taxes -7.4 -10.6 -29.7% Net profit 25.8 27.5 -6.1% 1 Lik
Slide 12: Appendix. Disclaimer
Appendix. Disclaimer This document may include statements about This circumstance must be taken into account mainly for intentions, expectations or forecasts of the all persons or entities that may have to take decision, Company additional to the mandatory financial develop or spread opinions relati
Slide 13: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures The Alternative Performance Measures included in this report are as follows: • The EBITDA, or operating profit before depreciation and • Net bank debt: This is calculated as non-current borrowings plus current amortization, is calculated excluding depreciat