Slide 1: H1 2023 Results
H1 2023 RESULTS 19th JULY 2023
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
Slide 3: H1 2023 Key Figures
H1 2023 KEY FIGURES H1 2023 Change Change at constant currency basis Sales (EUR million) 794.8 +22.1% +23.9% EBITDA (EUR million) 215.2 +92.2% +94.0% Earnings per share (EUR) 4.19 +131.6% Debt (EUR million) 283.8 +32.0% Debt / LTM EBITDA (multiple) 0.8x -0.1x Important: Debt figure and leverage rati
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million 1.000 +22.1% +23.9% -1.8% YoY 800 794.8 600 650.8 400 200 H1 2022 Change FX H1 2023 at constant currency 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 300 +92.2% +94.0% -1.8% YoY 200 215.2 100 112.0 0 H1 2022 Change FX H1 2023 at constant currency 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 30% 27.1% +990 bps 20% 17.2% 10% 0% H1 2022 H1 2023 6
Slide 7: Margin Trend Overview
MARGIN TREND OVERVIEW EBITDA MARGINS (LTM) As percentage of sales, on a last twelve months (LTM) basis 30% 28,8% 29,4% 28,6% 24,7% 25,1% 24,1% 20% 20,3% 20,1% 19,1% 15,6% 10% 0% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 7
Slide 8: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION LAST 12 MONTHS TO JUNE 2023 EUR million / as percentage of sales 450 25.1% 300 -8.8% 150 -11.9% 4.4% 0 EBITDA Capex WC & Others FCF 8
Slide 9: Net Debt
NET DEBT YEAR OVER YEAR EVOLUTION, SINCE 2019 EUR million and times EBITDA 600 4,0x 500 *Acquisition of The Park and minority stake In Vidroporto for a total amount of 3,0x 402 EUR 87.2 million 400 294 284 300 2,0x 215 * 200 1.6x 173 1,0x 1.1x 100 0.9x 0.8x 0.6x 0 0,0x Jun-19 Jun-20 Jun-21 Jun-22 Ju
Slide 10: H1 2023 Results: Main Highlights
H1 2023 RESULTS | Main highlights TOP-LINE GROWTH OF 23.9% Sales during the first six months 2023 amounted to EUR 794.8 million, showing a growth of 23.9% on a constant currency basis OPERATING MARGIN OF 27.1% Operating profit, EBITDA, was EUR 215.2 million representing an operating margin of 27.1%
Slide 11: FY 2023 Outlook, Reiterated
FY 2023 OUTLOOK, REITERATED Actuals Last Twelve Months FY 2023 FY 2022 as of June 2023 Trends Sustained double-digit revenue growth driven by Sales +23.9% YoY +25.8% YoY price/mix effect, despite progressively lower variation organic organic contribution mostly due to higher comparable base. EBITDA
Slide 12: Responsible
RESPONSIBLE CONSUMER CONSUMPTION COLLECTION THE JOURNEY OF A RECYCLED PACKAGING RECYCLING PRODUCTION asecreleg PON So INFINITE — CYCLE "edced bh vidrala
Slide 13: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) Vidrala publishes this information in order to promote comparability and interpretation of its financial information and in compliance with the Directive of the European Securities and Markets Authority (ESMA) on Alternative Performance Measures (APM).
Slide 14: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) i) EBITDA EUR ‘000 H1 2023 H1 2022 Source of data Profit before income tax from continuing operations 163,362 70,593 Consolidated Income Statement Amortisation and depreciation +50,787 +43,950 Consolidated Income Statement Finance income -3,142 -249 Con
Slide 15: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) iii) Free Cash Flow* EUR ‘000 H1 2023 H1 2022 Source of data Year-over-year change in net debt balances -69,312 -42,357 Consolidated Balance Sheets Dividends paid** +36,740 +34,158 Consolidated Statements of Cash Flows Annual General Meeting attendance
Slide 16: Vidrala, S.A. Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com