Frigoglass S.a.i.c. · ATHEX:FRIGO

Frigoglass S.a.i.c — Frigoglass — Q3 2020 Earnings Presentation

10 slides from Frigoglass S.a.i.c's earnings presentation, Nov 19, 2020

  1. Slide 1: Results Presentation Third-quarter 2020

    Results Presentation Third-quarter 2020 2019 19 November 2020

  2. Slide 2: Forward Looking statements

    Forward Looking statements This presentation may contain forward-looking statements which are based on current expectations and assumptions about future events. All statements other than statements of historical fact included in this presentation, including, without limitation, statements regarding

  3. Slide 3: Third-quarter 2020 highlights

    Third-quarter 2020 highlights  Results demonstrate COVID-19 continued impact  Sales -37% y-o-y, representing an improvement versus -55% of Q2  Ongoing cost management easing top-line pressure  EBITDA -61% y-o-y, despite measures taken in response to demand slowdown  Free cash flow generation 

  4. Slide 4: Encouraged by the improvement in trends

    Encouraged by the improvement in trends Sequential top-line improvement Commercial Refrigeration (57%) (39%) Q2 2020 Q3 2020  West Europe: Italy returned to growth; Significant improvement in France, Germany, Spain & Greece  East Europe: Russia and Romania showed a material improvement  Africa: N

  5. Slide 5: Financial Review

    2019 SECTION 4 Financial Review Section 4 32

  6. Slide 6: Financial performance overview

    Financial performance overview Commercial Refrigeration Operations 3Q20 3Q19 Change, % 9M20 9M19 Change, % (in €m) Sales 42.8 69.7 -38.7% 211.1 299.9 -29.6% EBITDA 2.2 7.5 -70.1% 22.9 39.8 -42.5% EBITDA margin, % 5.2% 10.7% -5.5pp 10.9% 13.3% -2.4pp Net Profit -10.9 -3.3 n.m. -17.0 0.8 n.m. Glass Op

  7. Slide 7: FCF impacted by the soft business activity

    FCF impacted by the soft business activity Key Free Cash Flow elements (in €m) 9M20 9M19 Change EBITDA 35.6 64.6 -28.9 Net Trade Working Capital Change 5.7 -14.8 20.4 Capital Expenditure -8.9 -13.3 4.4 Adjusted Free Cash Flow1 7.7 26.1 -18.4 Adjusted Net Debt2 259.5 225.7 Adj. Free Cash Flow – Lower

  8. Slide 8: Business Outlook

    2019 SECTION 4 Business Outlook Section 4 32

  9. Slide 9: Business outlook

    Business outlook  Uncertainty remains following the 2nd- wave of the pandemic  Unable to provide FY20 financial outlook in light of COVID-19  Tough comparables in Q4  Strong focus on cost-out initiatives and liquidity management  FY20 capex of up to €15m maintained 2019  Deepening customer-cen

  10. Slide 10: Q&A

    Q&A For further information on Frigoglass please visit our website at: www.frigoglass.com Or contact: John Stamatakos Group Treasury & IR Manager jstamatakos@frigoglass.com +30 210 61 65 767 1

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