Gestamp Automocion S.a. · BME:GEST

Gestamp Automocion — FY2014 Earnings Presentation

14 slides from Gestamp Automocion's earnings presentation, May 5, 2015

  1. Slide 1: Presentation of 2014 Full Year Results

    Presentation of 2014 Full Year Results May 5, 2015

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared solely for use at this presentation of our results for the year ended December 31, 2014. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presentati

  3. Slide 3: Presentation of 2014 Full Year Results

    Presentation of 2014 Full Year Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of Corporate Development ©2012 ©2014 GESTAMP GESTAMP 2 2

  4. Slide 4: Highlights of 2014

    Highlights of 2014 • Revenue grew 6.9% to € 6.25 billion • EBITDA grew 7.9% to € 656 million • Operating profit (EBIT) grew 11.7% to € 337.5 million • Leverage ratio improved, as net debt held stable, despite considerable investments fueling growth in the coming years • Liquidity at year-end 2014 wa

  5. Slide 5: Introduction – Review of 2014

    Introduction – Review of 2014 • Macroeconomic developments in 2014 were mixed: developed economies grew faster, while emerging markets grew more slowly • Auto production in 2014 grew a little over 3% vs 2013, exceeding 87 million vehicles • Not only China and North America, but also Western Europe c

  6. Slide 6: Review of 2014 Results – Revenue (Million €)

    Review of 2014 Results – Revenue (Million €) Revenue 2014 Revenue at 2013 FX +6.9% +9.9% 6,256 6,431 5,853 5,853 2013 2014 2013 2014  Revenue increased by € 402,5 million, or 6,9%, to € 6,256 million in 2014 compared to sales of €5,853 million in 2013  Sales in Asia and North America grew 34% and

  7. Slide 7: Review of 2014 – EBITDA (Million €)

    Review of 2014 – EBITDA (Million €) EBITDA 2014 EBITDA at 2013 FX +7,9% +11,0% 656,5 675,5 608,7 608,7 2013 2014 2013 2014  Consolidated EBITDA increased by 7.9% to € 656,5 million in 2014 compared to EBITDA of € 608,7 million in 2013  Growth in EBITDA was driven primarily by higher production vol

  8. Slide 8: Review of 2014 – Investments in Fixed Assets

    Review of 2014 – Investments in Fixed Assets YTD December 31, 2013 2014 (Millions of Euros)  Net payments on fixed assets declined by over 30% Capital expenditures Intangible assets 102,7 70,0  Discretionary moderation of investments in 2014 Tangible assets 534,7 413,3 Total 637,4 483,3 Net paymen

  9. Slide 9: Amendment to €850 million Senior Financing Agreement

    Amendment to €850 million Senior Financing Agreement • Signed April 17 and effective from the previous interest payment date • Extends the maturity date of the €280 million RCF and the TLA (currently €544.35 million, or 95.5% of original €570 million) by 2 years • Second reduction in margin ratchet

  10. Slide 10: Debt Maturity Profile (Million €)

    Debt Maturity Profile (Million €) Debt Maturity Profile (Interest bearing loans & borrowings) 1.040 798 282 261 273 234 148 170 133 75 98 18 2015 2016 2017 2018 2019 Beyond As of December 2014 Pro forma the Amendment and Extension of the SFA ©2015 GESTAMP 9

  11. Slide 11: Evolution of Net Financial Debt and Liquidity (Million €)

    Evolution of Net Financial Debt and Liquidity (Million €) Net Debt December 31, March 31, June 30, September 30, December 31, 2013 2014 2014 2014 2014 Interest bearing loans and borrowings 1.746,6 1.789,0 1.711,3 1.805,6 1.764,8 Financial leasing 28,9 28,1 28,0 28,6 28,6 Borrowings from associated c

  12. Slide 12: Summary outlook – 2015

    Summary outlook – 2015 • For 2015 we expect market growth similar to 2014, as Asia, North America and Western Europe continue to contribute to growth, and Mercosur and Russia continue to disappoint • However, in addition to overall beneficial sector trends, our vehicle program and geographic mix poi

  13. Slide 13: Gestamp: reinforcing our position as key supplier to our clients

    Gestamp: reinforcing our position as key supplier to our clients • Geographic diversification, => • Gestamp’s strategy has been particularly to areas of strategic based on two basic pillars: importance to our clients • Products => Technology and Processes • Our global footprint allows us to serve ou

  14. Slide 14: ©2015 GESTAMP

    Gestamp ©2015 GESTAMP \

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