Vidrala Sa · BME:VID

Vidrala Sa — H1 2018 Earnings Presentation

12 slides from Vidrala Sa's earnings presentation, Jul 23, 2018

  1. Slide 1: H1 2018 Results

    H1 2018 RESULTS 23RD JULY 2018

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation includes or may include representations or estimations concerning the future about intentions, expectations or forecasts of VIDRALA or its management. which may refer to the evolution of its business performance and its results. These forward looking statements refer to

  3. Slide 3: H1 2018 Key Figures

    H1 2018 KEY FIGURES Organic change H1 2018 Change (on a like-for-like and constant currency basis) Net sales (EUR million) 480.6 +20.0% +3.4% EBITDA (EUR million) 119.2 +24.1% +5.9% Earnings per share (EUR/share) 2.23 +22.2% Debt (EUR million) 477.8 +59.9% Debt /EBITDA (multiple) 2.1x +0.5x 3

  4. Slide 4: Sales

    SALES YEAR OVER YEAR CHANGE EUR million +20.0% YoY 550 500 +3.4% -0.7% +16.9% 480.6 450 468.0 400 400.5 350 300 250 H1 2017 Santos H1 2017 Organic FX H1 2018 reported Barosa like-for-like H1 2017 4

  5. Slide 5: EBITDA

    EBITDA YEAR OVER YEAR CHANGE EUR million +24.1% YoY 130 +5.9% -0.5% +17.8% 119.2 115 113.1 100 96.0 85 70 H1 2017 Santos H1 2017 Organic FX H1 2018 reported Barosa like-for-like H1 2017 5

  6. Slide 6: Operating Margins

    OPERATING MARGINS YEAR OVER YEAR CHANGE As percentage of sales 26% 25% 24.8% 24.0% 24% +80 bps 23% 22% 21% 20% H1 2017 H1 2018 reported 6

  7. Slide 7: Earnings per Share

    EARNINGS PER SHARE SIX-MONTHLY EVOLUTION SINCE 2015 EUR per share +22.2% YoY 3 2.23 2 1.83 1.36 1.15 1 0 6 months 6 months 6 months 6 months 2015 2016 2017 2018 7

  8. Slide 8: Cash Profile

    CASH PROFILE FREE CASH FLOW GENERATION LAST 12 MONTHS TO JUNE 2018 EUR million / as percentage of sales 250 24.2% -11.9% 200 218.6 150 -1.6% 10.7% 100 96.9 50 0 EBITDA Capex WC & Others FCF 8

  9. Slide 9: Debt

    DEBT SIX-MONTHLY EVOLUTION SINCE 2015 Debt in EUR million and times EBITDA 700 2.9x 3,0x 600 2,5x 2.2x 2.1x 500 2,0x 1.6x 400 Santos Barosa acquisition 1,5x EUR 252.7 million (EV) 300 474 478 1,0x 200 370 299 0,5x 100 0 0,0x jun-15 jun-16 jun-17 jun-18 9

  10. Slide 10: H1 2018 Main Highlights

    H1 2018 MAIN HIGHLIGHTS ORGANIC TOP-LINE GROWTH OF 3.4% Sales during the first six months 2018 amounted to EUR 480.6 million, showing an organic growth of 3.4% on a like-for-like and constant currency basis. OPERATING MARGIN OF 24.8% Operating profit, EBITDA, was EUR 119.2 million representing an op

  11. Slide 11: FY 2018 Outlook

    FY 2018 OUTLOOK GUIDANCE 2018, published on the occasion of the AGM, REITERATED Actuals Last Twelve Months Full Year 2018 Full Year at June 2018 Trends 2017 Sales +5.1% YoY organic +3.9% YoY organic Modest growth in sales volumes and prices. growth like-for-like like-for-like Operating 23.8% 24.2% M

  12. Slide 12: Slide 12

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