Sonae Indústria S.G.P.S — Sonae Indústria — H1 2013 Earnings Presentation
14 slides from Sonae Indústria S.G.P.S's earnings presentation, Aug 1, 2013
Slide 1: Investors and Analysts Conference Call - 1H13 Results
INVESTORS AND ANALYSTS CONFERENCE CALL - 1H13 RESULTS - 1 August 2013
Slide 2: Consolidated Operational Review
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL CONSOLIDATED OPERATIONAL REVIEW • During the 1H13, consolidated turnover totaled 642 million Euros, 7% lower than the 1H12. • Recurrent EBITDA was 42 million Euros in the 1H13, which translated into a recurrent EBITDA margin of 6.6%, down by 1.5 pp versus l
Slide 3: Consolidated Operational Review: Volumes, Prices and Costs
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL CONSOLIDATED OPERATIONAL REVIEW Quarterly Volumes Sold Millions of m 3 1.42 1.32 1.40 1.34 • Comparing 1H13 to 1H12 sales volumes 1.27 1.20 1.22 1.22 1.24 were down by 10%. • On a quarterly basis, and comparing with 1Q13, sales volumes were up by 2%. 2Q11 3
Slide 4: Operational Review: Variable Costs
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL CONSOLIDATED OPERATIONAL REVIEW Variable Costs • Variable costs moved up 0.7% from QUARTERLY AVERAGE COSTS (eur/m3) BASE 100:1Q12 1HQ12 to 1H13. 1.4 1.3 • Compared to 1Q13, average chemical 1.2 costs increased. However, due to lower 1.1 wood prices that pre
Slide 5: Volumes Sold & Capacity Utilisation
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL CONSOLIDATED OPERATIONAL REVIEW Volumes Sold & Capacity Utilisation 1Q09: closure of 4Q09: closure of • PB Line in Coleraine (UK) Kaisersesch plant (Germany) • George plant (S.A.) 4Q12: closure of Solsona 2Q10: Sale of plant (Spain) 3Q09: Sale of Brazil ope
Slide 6: Operational Review: Managing for Cash
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL CONSOLIDATED OPERATIONAL REVIEW Managing for Cash • We continue to focus on cash management with strict controls over new investments and a rigorous working capital management. WORKING CAPITAL: 1Q10 - 1H13 € Mn • WORKING CAPITAL was 20 million Euros 200 bel
Slide 7: Operational Review | Southern Europe
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL OPERATIONAL REVIEW | SOUTHERN EUROPE • 1H13 Turnover and sales volumes reduced by 7%, with the negative contribution from the Iberian Peninsula (-15%), being partially offset by an improved performance in France (+11%). • Average selling prices increased in
Slide 8: Operational Review | Northern Europe
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL OPERATIONAL REVIEW | NORTHERN EUROPE • Compared to 1H12, 1H13 Volumes sold decreased by 6% (negative evolution experienced in the particleboard market, but improved volumes in OSB and MDF). • The pressure felt in terms of combustibles costs and chemicals, c
Slide 9: Operational Review | Rest of the World
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL OPERATIONAL REVIEW | REST OF THE WORLD • Volumes sold from plants located in the Rest of the World (RoW) segment decreased by 3% during the 1H13, when compared to last year. • Total Turnover for the RoW also decreased by 4%, when compared to the 1H12, which
Slide 10: Financial Review | Net Debt
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL FINANCIAL REVIEW | NET DEBT • Comparing to 1Q13, Net Debt increased by 11 million EUR and is mainly the result of an improvement in Working Capital. NET DEBT ND / REC. EBITDA 950 25 Net Debt 900 ND/Rec.Ebitda 20 850 15 800 10 750 8x 5 700 684 650 0 1Q'09 2Q
Slide 11: Financial Review | Refinancing
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL FINANCIAL REVIEW | REFINANCING • As part of the defined financing strategy, we have been negotiating the refinancing of most of the 2013 debt maturities, seeking to extend the average life of our credit facilities SCHEDULED LOAN REPAYMENTS* (as of 30th June
Slide 12: Looking Forward
.. today, tomorrow, let’s be better together! LOOKING FORWARD
Slide 13: Looking Forward
SONAE INDÚSTRIA: EA 1H13 – CONFERENCE CALL LOOKING FORWARD • In the third quarter of the year, as customary, the consolidated sales performance will be impacted by holiday period and the seasonal effect of the operational maintenance shutdowns of most of our plants in the northern hemisphere. • We w
Slide 14: Thank You - Questions?
THANK YOU QUESTIONS? (>) sonae INDUSTRIA