Frigoglass S.a.i.c. · ATHEX:FRIGO

Frigoglass S.a.i.c — Frigoglass — Q2 2020 Earnings Presentation

9 slides from Frigoglass S.a.i.c's earnings presentation, Aug 5, 2020

  1. Slide 1: Results Presentation Second-quarter 2020

    2019 Results Presentation Second-quarter 2020 5 August 2020

  2. Slide 2: Forward Looking statements

    2019 Forward Looking statements This presentation may contain forward-looking statements which are based on current expectations and assumptions about future events. All statements other than statements of historical fact included in this presentation, including, without limitation, statements regar

  3. Slide 3: Second-quarter 2020 highlights

    2019 Second-quarter 2020 highlights  Results significantly impacted by COVID-19 pandemic  Sales down 55% y-o-y, driven by both segments  EBITDA declined by 70% y-o-y  COVID-19 impact partly mitigated by cost- out initiatives  Significant reduction of capex to preserve capital resources  €64m c

  4. Slide 4: Financial Review

    2019 SECTION 4 Financial Review Section 4 2019 32

  5. Slide 5: Financial performance overview

    2019 Financial performance overview Commercial Refrigeration Operations 2Q20 2Q19 Change, % 1H20 1H19 Change, % (in €m) Sales 57.2 133.2 -57.0% 168.4 230.2 -26.8% EBITDA 7.0 20.8 -66.5% 20.7 32.4 -36.1% EBITDA margin, % 12.2% 15.6% -3.4pp 12.3% 14.1% -1.8pp Net Profit -4.8 4.3 n.m. -6.2 4.1 n.m. Gla

  6. Slide 6: FCF impacted by the soft business activity

    2019 FCF impacted by the soft business activity Key Free Cash Flow elements (in €m) 1H20 1H19 Change EBITDA 29.3 48.5 -19.2 Net Trade Working Capital Change -9.4 -28.0 18.6 Capital Expenditure -6.8 -8.3 1.5 Adjusted Free Cash Flow1 -1.4 21.0 -22.4 Adjusted Net Debt2 260.7 223.5 Adj. Free Cash Flow –

  7. Slide 7: Business Outlook

    2019 SECTION 4 Business Outlook Section 4 2019 32

  8. Slide 8: Business outlook

    2019 Business outlook  Market environment remains volatile and highly uncertain  Cautious on 2H20  FY results to be impacted by COVID-19  Ongoing cost reduction initiatives  Capex postponement; FY20 capex at €15m  Improve liquidity position through new credit lines  Strategic supplier for key

  9. Slide 9: Q&A

    Q&A 2019 For further information on Frigoglass please visit our website at: www.frigoglass.com Or contact: John Stamatakos Group Treasury & IR Manager jstamatakos@frigoglass.com +30 210 61 65 767 1

Frigoglass — Q2 2020 Earnings Presentation on 6ix