Frigoglass S.a.i.c. · ATHEX:FRIGO

Frigoglass S.a.i.c — Frigoglass — Q2 2015 Earnings Presentation

13 slides from Frigoglass S.a.i.c's earnings presentation, Aug 6, 2015

  1. Slide 1: Results Presentation

    Results Presentation 2015 second quarter and first half Nikos Mamoulis │Chief Executive Officer August 6, 2015

  2. Slide 2: Second quarter highlights

    Second quarter highlights  Coca-Cola bottlers up +40%  Strong sales growth in Africa; partly offset by East Europe  EBITDA margin impacted by: – Geographic sales mix – ICOOL/ILOOK ramp-up  Solid Glass performance; EBITDA margin up 200bps  Glass transaction on track Second quarter 2015 results 2

  3. Slide 3: Coca-Cola customers growth momentum continued

    Coca-Cola customers growth momentum continued 1Q & 2Q sales evolution (in €m) Regions Growth* Market/Drivers East Europe +26% • Russia +41% 64 West Europe • Ramp-up +40% 46 +3% impact 40 Africa 29 • S. Africa +113% • Nigeria Asia • India +56% • China 1Q14 1Q15 2Q14 2Q15 *2Q15 y-o-y sales growth Seco

  4. Slide 4: Strong top-line growth in Africa

    Strong top-line growth in Africa 2Q Cool sales by region (in €m) -9% 56 51 +9% +37% -5% 21 20 18 19 17 15 +2% 3 3 2Q14 2Q15 2Q14 2Q15 2Q14 2Q15 2Q14 2Q15 2Q14 2Q15 East West North Asia Africa & ME Europe Europe America Second quarter 2015 results 4 August 6, 2015

  5. Slide 5: Geographic sales mix and ICOOL's ramp-up impact margins

    Geographic sales mix and ICOOL’s ramp-up impact margins Geographic sales mix  Lower contribution of Europe – 2Q15: 60% – 2Q14: 67% 2Q Cool EBITDA margin ICOOL’s ramp-up 12% 10.8%  Higher production costs  Volume lost 2Q14 2Q15 Second quarter 2015 results 5 August 6, 2015

  6. Slide 6: Financial review

    Financial review Second quarter 2015 results 6 August 6, 2015

  7. Slide 7: Financial performance overview

    Financial performance overview (in €m) 2Q15 2Q14 Change, % 1H15 1H14 Change, % Continuing Operations Sales 111.2 109.9 1.2% 197.7 201.1 -1.7% EBITDA 12.0 13.2 -8.8% 20.1 22.3 -10.2% EBITDA Margin, % 10.8% 12.0% -1.2pp 10.1% 11.1% -1.0pp Adj. Net Profit -1.2 -0.3 n.m. -4.0 -3.8 n.m. Net Profit from D

  8. Slide 8: Opex modestly up in Q2; improved in first-half

    Opex modestly up in Q2; improved in first-half (in €m) 2Q15 2Q14 Change, % Sales (€ m) 111.2 109.9 1.2% Gross Profit 23.7 23.8 -0.7% Gross Profit Margin, % 21.3% 21.7% -0.4pp Operating Expenses 11.6 11.3 2.2% OPEX as % of sales 10.4% 10.3% 0.1pp (in €m) 1H15 1H14 Change, % Sales (€ m) 197.7 201.1 -1

  9. Slide 9: Sales mix and Q3 demand impacted working capital

    Sales mix and Q3 demand impacted working capital Trade Receivables (in €m) Inventory (in €m) 132 124 72 79 1H14 1H15 1H14 1H15 Trade Payables (in €m) Working Capital (in €m) 122 127 84 73 All figures refer to Continuing Operations (Cool Operations) 1H14 1H15 1H14 1H15 Second quarter 2015 results 9 A

  10. Slide 10: Business Outlook

    Business Outlook Second quarter 2015 results 10 August 6, 2015

  11. Slide 11: Business outlook – Top-line trends to continue in 2H15

    Business outlook – Top-line trends to continue in 2H15  Continuing growth momentum in Africa  Cautious in Europe  Market share gains through ICOOL  Roll-out of new Service offering  Conclude Glass disposal in 2H Second quarter 2015 results 11 August 6, 2015

  12. Slide 12: Q&A

    Q&A 12

  13. Slide 13: For further information on Frigoglass, please visit our website

    For further information on Frigoglass, please visit our website at: www.frigoglass.com or contact: John Stamatakos Investor Relations Manager jstamatakos@frigoglass.com +30 210 61 65 767 Disclaimer This presentation contains forward-looking statements which are based on current expectations and assu

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