Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — FY2022 Earnings Presentation
14 slides from Sonae Sgps Sa's earnings presentation, Mar 16, 2023
Slide 1: 2022 results
2022 results 16 March 2023
Slide 2: Another challenging year for the global economy
2022 Another challenging year for the global economy Resilient performance by Sonae Sonae 2022 Full-year Results
Slide 3: In summary
In summary ® of €4bn, in line yoy & penalized by capital markets’ performance ®& Value accretive ® Good and e Strengthened e Proposal for +5% yoy
Slide 4: NAV of €4bn, in line with last year
NAV of €4bn, in line with last year NAV evolution €bn (4 45300 (4.0%) 405 1435 -357 YE21 Profitability Market Sierra NOS + Holding YE22 multiples Bright Pixel and Others Sonae TSR 1Y -2% Share price performance -7%
Slide 5: Active portfolio management
Active portfolio management Increased stakes in NOS and Sierra Sonae Sale of entire stakes in Maxive, StyleSage, Cellwize and CiValue Acquisition of several minority stakes and follow-on investments Sale of MDS New partnership with Bankinter Consumer Finance Portugal End of the partnership in Zopt
Slide 6: Solid operational performance
Solid operational performance Turnover em 7,726 6,965 2,233 5,493 2021R 2022 Sonae uEBITDA €m, margin 601 635 4Q (RES ibe 9M 415 440 2021R 2022 EBITDA €m 927 732 383 4Q 206 9M 526 544 2021R 2022 R - Restated as Maxive from Bright Pixel was considered as asset held for sale and all periods in 2021 an
Slide 7: Net result
Net result Direct result Indirect result - CTA CTD 449 73 342 244 267 257 4Qq WER om [Ee 20S 2021R 2022 -43 2021R 2022 2021R 2022 Sonae R - Restated as Maxive from Bright Pixel was considered as asset held for sale and all periods in 2021 and 1Q22 were restated to consider this asset as discontinued
Slide 8: With FCF fuelled by asset sales
With FCF fuelled by asset sales Sonae FCF evolution €m Total Capex €634m +42 +416 , +830 187 +301 hl — -21 2770 EBITDA Working cap. Operational Operational M&Acapex Sale of assets Net financial Dividends FCF* (inc. rents and others capex cash flow activity received and taxes) * Before dividends paid
Slide 9: Robust financial position
Robust financial position Net debt Holding LTV €m : 563 9 68 % T.4% Total LT credit facilities TO are now linked to Sustainable, Green or 5.9% ESG performance Solid debt maturity profile +4 years YE21 var YE22 2022 Sonae
Slide 10: Stable dividend policy
Stable dividend policy Dividend per share € cents, CAGR 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Proposal * Considering the share price at year-end 2022. Assuming own shares as of 31.12.2022 totalling 79,760,326.
Slide 11: Natural value creation
Natural value creation -24% cia 80% plastic A- emissions vs packaging Climate 2018") recyclability‘2) rating ne 100% 2025 Sonae (1) scope 1+2; (2) recyclable packaging according to Sociedade Ponto Verde recyclability matrix.
Slide 12: Sonae For Ukraine
Sonae For Ukraine Social value creation Bloomberg Gender-Equality Index 2023 Member >€30m investment in communities 39% leadership positions held by women One year ahead of target!
Slide 13: Priorities for 2023
| Priorities for 2023 \ @ Manage and adapt to the current uncertain macro environment ® Continue to support and future-proof our portfolio companies always with a focus on social and environmental sustainability ® Use of our solid financial position to grasp investment opportunities that may arise S
Slide 14: Sonae
Sonae