Slide 1: Presentation of First Quarter 2016 Results
Presentation of First Quarter 2016 Results May 31, 2016
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for use at this presentation of our results for the quarter ended March 31, 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 presentati
Slide 3: Presentation of First Quarter 2016 Results
Presentation of First Quarter 2016 Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of Corporate Development
Slide 4: Highlights of Q1 2016
Highlights of Q1 2016 Gestamp continued its long standing growth trend during the first quarter of 2016 ─ Revenue grew 5.6%, EBITDA grew 5.9% and Operating Profit grew 8.7% ─ In real terms, we continue to grow at a rate much higher than the increase in production volumes, which was 2.6% in Gestamp
Slide 5: Revenue (€ Millions) – 1/3
Q1 2016 Revenue (€ Millions) – 1/3 TOTAL REVENUE Consolidated revenue growth at constant FX was 9.7%, with FX headwinds impacting reported growth in +5.6% all geographic regions 1,806 1,709 Growth in the quarter came from Western Europe (€ 50 million), North America (€ 66 million) and Asia (€ 27
Slide 6: Revenue (€ Millions) – 2/3
Q1 2016 Revenue (€ Millions) – 2/3 EASTERN EUROPE Sales during the quarter in Eastern Europe were down slightly overall, with good growth in the Czech Republic -2.8% Market Production (*) 179 174 -3.1% Quarterly comparisons in Russia, Poland and Turkey were weaker, also impacted by FX headwinds
Slide 7: Revenue (€ Millions) – 3/3
Q1 2016 Revenue (€ Millions) – 3/3 SOUTH AMERICA South America continued its downward trend, with steep drops in production volumes combining with a significantly -36.0% Market Production (*) weaker Brazilian Real and Argentinian 120 -27.0% Peso in Q1 2016 vs. Q1 2015 77 South America contribute
Slide 8: EBITDA (€ Millions)
Q1 2016 EBITDA (€ Millions) EBITDA EBITDA (%) +5.9% 192 10.8% 10.6% 10.7% 182 10.5% 10.3% Q1 2014 Q1 2015 Q1 2016 FY 2014 FY 2015 Q1 2015 Q1 2016 Growth at constant FX: 9.9%: EBITDA growth after negative FX impact was 5.9%, with EBITDA reaching € 192 million in Q1 2016 EBITDA growth at constant
Slide 9: Q1 2016 – Investments in Fixed Assets
Q1 2016 – Investments in Fixed Assets First Quarter 2015 2016 (Millions of Euros) Capital expenditures Capital expenditure in Q1 2016 amounted Intangible assets 15.6 15.7 to € 133 million Tangible assets 85.8 117.1 Capex in the quarter was primarily for Total 101.4 132.8 investments in projects
Slide 10: Q1 2016 – Net Financial Debt & Liquidity
Q1 2016 – Net Financial Debt & Liquidity Net Debt (€ Millions) Dec 31, Mar 31, Dec 31, Mar 31, Increase in net debt during the 2014 2015 2015 2016 quarter was due to seasonal (Millions of Euros) (Millions of Euros) increase in working capital in Interest bearing loans and borrowings 1,764.8 1,913.
Slide 11: Recent Re-financing Activity
Recent Re-financing Activity New 3.50% 7-year € 500 million bond issued on May 11th ─ Tender offer on the 5.875% 2020 Euro notes settled on May 12th; redemption of the remaining balance to be completed on June 6th Amendment of Senior Financing Agreement signed on May 20th ─ Term Loan availabilit
Slide 12: Closing comments and future outlook
Closing comments and future outlook Healthy growth in Q1 2016 despite FX headwinds and very difficult quarter in South America Sector megatrends continue to favor Gestamp’s business model, as vehicle light-weighting, passenger safety, OEM outsourcing and the globalization of platforms and models
Slide 13: ©2016 GESTAMP
Gestamp ©2016 GESTAMP \