Slide 1: Presentation of 2015 Full Year Results
Presentation of 2015 Full Year Results April 28, 2016
Slide 2: Introduction
Introduction Against a backdrop of slow global economic growth, with continued low-flation & loose monetary policies, as well as steep drops in raw material (esp. oil) prices, and political instability in various geographies, growth in worldwide vehicle production during 2015 was 1.5% Strong Q4
Slide 3: Gestamp Automoción: 2015 Revenue (€ Millions) – 1/3
Gestamp Automoción: 2015 Revenue (€ Millions) – 1/3 TOTAL REVENUE Consolidated revenue growth during the quarter was 17.2%, +12.4% or € 289 million, and 12.4% or € 779 million for the full year. Market Production (*) 7,035 Market Production(*) 6,256 6.4% 2.8% Growth in the quarter consisted of €
Slide 4: Gestamp Automoción: 2015 Revenue (€ Millions) – 2/3
Gestamp Automoción: 2015 Revenue (€ Millions) – 2/3 EASTERN EUROPE Sales during the quarter and the year in Eastern Europe were flat -0.1% overall, with growth in Turkey & Czech being offset mostly by 661 661 Market Production (*) Market Production(*) sales declines in Russia 2.7% 0.2% Currency
Slide 5: Gestamp Automoción: 2015 Revenue (€ Millions) – 3/3
Gestamp Automoción: 2015 Revenue (€ Millions) – 3/3 SOUTH AMERICA In South America, sales growth in Argentina during the quarter could only partially mitigated significant -17.9% declines in Brazil Market Production(*) 568 Market Production(*) 467 -26.9% -20.0% For the quarter and the year, the
Slide 6: Revenue distribution
Revenue distribution Revenue by region 2007 2012 2015 South Asia Asia Asia America 0.0% 8.2% South 13.9% 12.0% America South NAFTA 12.8% America 10.0% 6.6% Western Eastern Western Europe Europe NAFTA Europe 51.3% 13.6% NAFTA 7.0% 55.9% Western 18.8% Europe Eastern Eastern 71.0% Europe Europe 9.5% 9.
Slide 7: Gestamp Automoción: 2015 EBITDA (€ Millions)
Gestamp Automoción: 2015 EBITDA (€ Millions) EBITDA EBITDA (%) +15.8% 760 11.5% 11.6% 656 10.8% 10.7% 10.5% 10.6% 10.4% 10.3% 10.1% 9.7% +18.8% 229 193 Q1 2014 Q1 2015 Q2 2014 Q2 2015 Q3 2014 Q3 2015 Q4 2014 Q4 2015 FY 2014 FY 2015 Q4 2014 Q4 2015 FY 2014 FY 2015 Growth at constant FX: 15.2%: Growth
Slide 8: Investments in Fixed Assets – Growth Capex
Investments in Fixed Assets – Growth Capex YTD December 31, 2014 2015 (Millions of Euros) Capital expenditures Intangible assets 70.0 88.3 Tangible assets 413.3 534.1 Total 483.3 622.4 Net payments on investments Intangible assets 68.9 87.7 Tangible assets 369.5 507.8 Total 438.4 595.5 Growth cape
Slide 9: Net Financial Debt 2013 – 2015 & Liquidity 2015
Net Financial Debt 2013 – 2015 & Liquidity 2015 YTD December 31, 2013 2014 2015 (Millions of Euros) Interest bearing loans and borrowings 1,746.6 1,764.8 1,730.9 Financial leasing 28.8 28.6 35.2 Borrowings from associated companies 246.2 99.4 79.0 Other financial debts 88.6 76.7 39.4 Total Financial
Slide 10: Acek acquires ArcelorMittal 35% stake in Gestamp Automoción
Acek acquires ArcelorMittal 35% stake in Gestamp Automoción • In Feb-16, Acek announced it acquired the 35% minority stake in Gestamp Automoción for €875m 100% Revenue >€7.0bn • Acek 100% owned by Riberas family EBITDA €760m • Shareholder commitment to Net debt ~€1.5bn Gestamp Automoción, high
Slide 11: Closing comments and future outlook
Closing comments and future outlook Overall 2015 was a positive year, in line with expectations Gestamp finished the year with healthy debt ratios, in a strong financial position Recent investments in new plants and major expansions assure good growth in 2016 Several projects still under con
Slide 12: ©2016 GESTAMP
Gestamp ©2016 GESTAMP \