Slide 1: Q1 2025 Results presentation
Q1 2025 Results presentation May 8th, 2025 © Gestamp 2025 1
Slide 2: Disclaimer
disclaimer This presentation has been prepared solely for use at this presentation of our results as of and for the quarter ended March 31st, 2025. By attending the conference call meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following
Slide 3: Index
INDEX PRESENTATION KEY HIGHLIGHTS FOR Q1 2025 FINANCIAL OVERVIEW OUTLOOK AND REMARKS © Gestamp 2024 2025 3
Slide 4: Key highlights of Q1 2025
Key highlights of Q1 2025 Revenues €2,983m -0.7% YoY Auto Business at FX constant Reiterating EBITDA (1) €307m 10.3% Margin(1) Flat profitability YoY Guidance 2025 6.4% +187 bps YoY(1) profitability improvement EBITDA Margin(1) Phoenix plan on track 1. NAFTA EBITDA margin. Excluding Phoenix Plan imp
Slide 5: Auto production: mild growth in Q1 driven by China
Auto production: mild growth in q1 driven by China Light Vehicle Production Volumes(1) -11% Western Europe Since IPO almost lowest LV production in a first quarter 15.9% 25.7% 24.4 24.3 3.99 3.95 3.72 22.9 2.93 2.93 2.83 2.41 2.63 20.7 21.4 21.4 21.7 1.1% 3.02 -6.3% -2.1% -6.5% -7.0% 19.9 -20.0% -17
Slide 6: Gestamp revenues performance compared to the market
Gestamp revenues performance compared to the market Q1 2025 Gestamp Auto Business Revenue Growth at FX Constant(1) vs. Market Production Growth in Gestamp Footprint Eastern Europe Gestamp Auto Business Western Europe 12.8% at FX constant Market Gestamp NAFTA -1.1% -7.1% -3.2% -5.4% -7.0% -5.2% Marke
Slide 7: Revenues marked by lack of market growth and negative forex
Revenues marked by lack of market growth and negative forex YoY Reported Revenue (€m) Bridge Chart -2.2% YoY 3,049 7 -21 -51 2,983 Revenues Q1 2024 Gescrap Organic Growth Forex Revenues Q1 2025 Lack of organic growth mainly driven by a negative Negative forex evolution in the quarter mainly due to p
Slide 8: A clear plan to preserve profitability
A clear plan to preserve profitability Auto Business Revenues & EBITDA - excluding Phoenix Extraordinary Cost(1) Revenues EBITDA % EBITDA Margin(1) Quarter impacted by Resilient profitability tough volumes production c.10.5% c.10.5% in an extraordinary in Gestamp key quarter in Gestamp geographies f
Slide 9: Delivering on the Phoenix plan as a key priority
Delivering on the phoenix plan as a key priority NAFTA excluding Phoenix Extraordinary Plan Quarter performance marked by volumes (1) Revenues EBITDA % EBITDA Margin slump in USA +187bps C. 8% % YoY Evolution P&L impact c.€6.9m FY 2025E EBITDA 6.4% Margin -8.3% 4.5% USA -5.3% 606 589 Committed to NA
Slide 10: Gescrap: solid performance despite declining prices
Gescrap: solid performance despite declining prices Scrap price negative evolution continued EBIT (€) / Scrap Revenue (€m) Managed (Tons) to be affected by macro situation (€/Tn) -360 bps 4.3% Europe(1) USA(2) 20.0 16.4 0% -9% 161 362 418 419 154 € / Ton(4) € / Ton(4) 330 EBIT (€m) Q1 2024 Q1 2025 Q
Slide 11: Index
INDEX PRESENTATION KEY HIGHLIGHTS FOR Q1 2025 FINANCIAL OVERVIEW OUTLOOK AND REMARKS © Gestamp 2025 11
Slide 12: Financial Performance in Q1 2025
Financial Performance in Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Reported Reported Excluding Phoenix(2) Excluding Phoenix(2) (In €m) Total Revenue 3,049 2,983 3,049 2,983 EBITDA 311 300 315 307 EBITDA margin (%) 10.2% 10.1% 10.3% 10.3% EBIT 135 120 139 127 EBIT margin (%) 4.4% 4.0% 4.6% 4.3% Net Inc
Slide 13: Geographic diversification supporting performance
Geographic diversification supporting performance Revenues (€m) EBITDA (€m) EBITDA Margin (%) Q1 2024 Q1 2025 Var. (%) Q1 2024 Q1 2025 Var. (%) Q1 2024 Q1 2025 Western Europe 1,139 1,064 -6.6% 119 93 -22.0% 10.4 8.7 Eastern Europe 468 508 +8.5% 61 80 +30.5% 13.1 15.7 NAFTA1 606 589 -2.8% 27 38 +37.2
Slide 14: Free cash flow negatively impacted by business seasonality
free cash flow negatively impacted by business seasonality FCF(1) Generation of -€83m(2) in Q1 2025 (In €m) Net Debt Increase in Net Debt Excluding Reported Phoenix Q4 2024 Net Debt Q1 2025 -8 8 -83 28 -91 12 122 -122 2,097 2,219 Increase in Minority (3) Dividends FX Impact Free Cash Phoenix (2) Fre
Slide 15: Focus on maintaining a disciplined financial profile
Focus on maintaining a disciplined financial profile Leverage and Net Debt Evolution Net debt to LTM EBITDA (x) Improving Net Debt Net Debt in €m Lowest first quarter 3.0x levels since IFRS 16 2.8x 2.7x implementation 2,829 2,787 2.4x 2.3x 2.3x 1.8x 2,482 1.7x(1) 1.7x(1) 2,382 2,265 2,228 (1) (1) 2,
Slide 16: A Clear Shareholder Remuneration Policy
A Clear Shareholder Remuneration Policy Gestamp maintaining Dividend pay-out c.0.10 Euro per share1 stable at Payment 30% of reported net profit January July 2025 2025 Committed to generate value for our Dividends shareholders 1. Supplementary dividend of 0.0511 euros per share as of July 2025 and O
Slide 17: Index
INDEX PRESENTATION KEY HIGHLIGHTS FOR Q1 2025 FINANCIAL OVERVIEW OUTLOOK AND REMARKS © Gestamp 2025 17
Slide 18: A complex outlook given existing uncertainty on tariffs
A complex outlook given existing uncertainty on tariffs Recent escalating “trade war” have brought significant uncertainty to the auto sector making 2025 volumes difficult to predict given existing ambiguity on the final “tariff” implementation and its potential impact. Latest S&P revision have cut
Slide 19: A truly Global and diversified manufacturer
A truly Global and diversified manufacturer A local business: close to our customers A diversified revenue stream • Gestamp is a local-for-local manufacturer • Gestamp is present in over 24 countries • Exports of our components are negligible in our business • Our revenues come from more than 47 OEM
Slide 20: An active execution plan to preserve our financial strength
An active EXECUTION PLAN TO PRESERVE OUR FINANCIAL STRENGTH ❖ Constant and constructive dialogue with our customers Gestamp is actively ❖ Cost control measures at all levels of the organization Preserving monitoring the ongoing 1 (corporate, division…) Profitability ❖ Further flexibility measures to
Slide 21: Guidance 2025
Guidance 2025 Reiterating our 2025 guidance Low-single digit In line with In line with In the 2024’s range 2024-to-a slight last year range improvement Outperformance Auto Business Gescrap Leverage(3) FCF(4) vs market(1) Profitability(2) Despite enduring tougher market conditions resulting from tari
Slide 22: Closing remarks
Closing remarks Clear priorities: Solid start of Phoenix Plan 2025 On Track Ensuring a fast reaction within an unpredictable Market context © Gestamp 2025 22
Slide 23: Gestamp the Partner supplier
Gestamp the Partner supplier w w w . g e s t a m p . c o m © Gestamp 2025 23 © Gestamp 2020
Slide 24: Clear roadmap for the long run
Clear ROADMAP FOR THE long 2027 run… Strategic pillars 02 Trusted Partner Supplier 03 Technology & Innovation to be Differential 01 Growth Ambition Gestamp 04 Operational Excellence the Partner supplier 07 05 Pioneering the Profitable Circular Economy Growth 06 Disciplined Balance Sheet Profile © Ge
Slide 25: Appendix – alternative performance measures
Appendix – alternative performance measures This results presentation and any related conference call or webcast (including any related question and answer session) (the "Presentation"), in addition to financial information detailed in the Gestamp Group´s financial statements prepared in accordance