Gestamp Automocion S.a. · BME:GEST
Gestamp Automocion — Q2 2016 Earnings Presentation
13 slides from Gestamp Automocion's earnings presentation, Sep 7, 2016
Slide 1: Presentation of Second Quarter 2016 Results
Presentation of Second Quarter 2016 Results September 7, 2016
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for use at this presentation of our results for the quarter ended June 30, 2016. 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 presentatio
Slide 3: Presentation of Second Quarter 2016 Results
Presentation of Second Quarter 2016 Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of Corporate Development
Slide 4: Introduction
Introduction Good overall trends from prior quarters continued into Q2 2016 Revenue and EBITDA grew at rates higher than market production, as a result of new project launches and ongoing ramp-up of new programs Gestamp’s growth has been achieved in the context of healthy growth in market prod
Slide 5: Q2 2016 Revenue (€ Millions) – 1/3
Q2 2016 Revenue (€ Millions) – 1/3 TOTAL REVENUE Consolidated revenue increased by 10% to € 1.94 +7.8% billion in the second quarter of 2016 compared to sales of € 3,741 Market Production (*) 3,469 Market Production(*) 1.76 billion in Q2 2015. +10.0% 4.1% 3.3% 1,936 Sales increased € 176 million
Slide 6: Q2 2016 Revenue (€ Millions) – 2/3
Q2 2016 Revenue (€ Millions) – 2/3 EASTERN EUROPE Sales in Eastern Europe grew by 18.4% in Q2 2016 to € 200 million, +7.6% based on robust growth in volumes of our projects, 374 Market Production (*) 348 Market Production(*) particularly in Turkey, Czech +18.4% 8.9% 2.8% Republic and Poland 200 16
Slide 7: Q2 2016 Revenue (€ Millions) – 3/3
Q2 2016 Revenue (€ Millions) – 3/3 SOUTH AMERICA Continuing declines in production volumes combined with significantly weaker -33.3% currencies, particulary the 248 Market Production(*) Market Production(*) Argentinian Peso, drove a 31% -15.0% -21.0% drop in sales in Q2 2016 vs Q2 -30.8% 166 128 2
Slide 8: Q2 2016 EBITDA (€ Millions)
Q2 2016 EBITDA (€ Millions) EBITDA EBITDA (%) +10.1% 407 11.1% 10.8% 10.7% 370 10.5% 10.4% +14.1% 215 188 Q2 2014 Q2 2015 Q2 2016 FY 2014 FY 2015 Q2 2015 Q2 2016 YTD 2015 YTD 2016 Growth at constant FX: 20.6%: Growth at constant FX: 15.4%: EBITDA increased by 14% to € 215 million in Q2 2016 compar
Slide 9: Q2 2016 Investments in Fixed Assets
Q2 2016 Investments in Fixed Assets Capital expenditure in Q2 2016 amounted to approximately € 180 million Capex in the quarter was primarily for ongoing investments in projects in North America, Poland, China, Germany, Spain and the United Kingdom Net payments on investments YTD amounted to €
Slide 10: Net Financial Debt and Pro Forma Maturity Profile
Q2 2016 Net Financial Debt and Pro Forma Maturity Profile Net Debt (€ Millions) December 31, June 30, December 31, June 30, 2014 2015 2015 2016 (Millions of Euros) Interest bearing loans and borrowings 1,764.8 1,833.8 1,730.9 2,020.4 Financial leasing 28.6 36.0 35.2 32.3 Borrowings from associated c
Slide 11: Net Financial Debt – Comments
Q2 2016 Net Financial Debt – Comments Net debt was €1.78 billion at June 30, 2016 Working capital increased not only due to growth in volumes and seasonality, but also due to an extraordinary impact from tooling Tooling in progress and receivables have increased YTD vs. year end 2015 by approx
Slide 12: Closing comments
Closing comments Strong impulse on current performance from investments in new projects over recent years, as good momentum from project ramp-ups and new program launches continues Overall market trends year-to-date in our production footprint, except for in Mercosur and Russia, are also healthy
Slide 13: Gestamp
Gestamp ©2016 GESTAMP \