Sonae Indústria S.G.P.S — Sonae Indústria — FY2018 Earnings Presentation
10 slides from Sonae Indústria S.G.P.S's earnings presentation, Mar 28, 2019
Slide 1: 2018 Results Investors and Analysts Briefing
2018 Results Investors and Analysts Briefing 28 March 2019 1
Slide 2: 2018 Highlights: Financial
SONAE INDÚSTRIA Highlights 2018 HIGHLIGHTS: Financial: • Net Results positive for the third consecutive year reaching 11.0M€ (1) (1) • Recurrent EBITDA of 26.7M€, with 12.1% margin (1) (1) • Proportional Recurrent EBITDA of 73.6M€, with 12.0% margin (1) (2) (1) (2) • Proportional Net Debt at 297.5M€
Slide 3: 2018 Highlights: Commercial and Operational
SONAE INDÚSTRIA Highlights 2018 HIGHLIGHTS: Commercial • Launch of the new Surforma® brand for our Laminates business • Launch in the North American market of: • two new EIR textures, Feria and Brava, and a complete matching collection of Surforma® Laminates (HPL) for the decorative MFC products Ope
Slide 4: Highlights of 2018 results: Proportional Indicators
SONAE INDÚSTRIA Highlights of 2018 results | Proportional Indicators FINANCIAL INDICATORS (unaudited) 2017 2018 Proportional Turnover 630 612 Proportional Rec. EBITDA 89 74 Proportional Rec. EBITDA margin 14.0% 12.0% LEVERAGE Proportional Net Debt3 301 297 Proportional Leverage (Net Debt / LTM Rec.
Slide 5: Recurrent EBITDA of circa 27M€ during 2018, 11.4M€ below 2017
SONAE INDÚSTRIA Highlights of 2018 results Recurrent EBITDA (Million €) and Proportional Rec. EBITDA (million €) and Recurrent EBITDA margin (%) Proportional Rec. EBITDA margin (%) 89 30.0% 90 40 38 30.0% 80 74 25.0% 35 25.0% 70 30 27 20.0% 60 20.0% 25 50 14.0% 15.0% 20 15.0% 12.0% 16.5% 40 15 10.0%
Slide 6: Reduction in Fixed Costs
SONAE INDÚSTRIA Highlights of 2018 results Fixed Costs in % of turnover % 18.0% 17.0% • Reduction in Fixed 17.1%(5) 16.0% 17.1% 16.5% 15.0% 14.0% costs (increase of 0.6 13.0% p.p. as a % of Turnover 12.0% 11.0% vs. 2017 explained by 10.0% lower Turnover) 2017 2018 Total Fixed Costs (5): 2017 benefit
Slide 7: Contributions to Net results
SONAE INDÚSTRIA Highlights of 2018 results Contributions to Net results • Net positive result of 11.0M€ in 2018 Million € Net Profit 2017 15.3 Recurrent EBITDA -11.4 Reduction in Recurrent EBITDA Margin. Non recurrent Items +1.4 Positive non recurrent items (including a capital gain, as a result of
Slide 8: Scheduled loan repayments and Net Gearing
SONAE INDÚSTRIA Highlights of 2018 results Scheduled loan repayments(6) Net Gearing(7) as of 31 December 2018 Million € 120 195% 102 100 80 175% 60 43 40 33 155% 20 11 144% 4 5 2 4 1 0 135% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 ≥ 2023 2016 1Q17 1H17 9M17 2017 1Q18 1H18 9M18 2018 (6): Considering D
Slide 9: Glossary of Terms
SONAE INDÚSTRIA Glossary of Terms Asset Value is calculated as follows: [6.5 x LTM Recurrent EBITDA of fully consolidated business (100%)] + [market value Asset Value of inactive sites real estate properties owned 100% by Sonae Indústria] + [50% x (6.5 x LTM Recurrent EBITDA of Sonae Arauco – Sonae
Slide 10: Investor and analysts contacts
SONAE INDÚSTRIA 2018 Results Investors and Analysts Briefing Investor and analysts contacts: João Mangericão Phone: (+351) 220 106 359 investor.relations@sonaeindustria.com 10