Sonae Indústria S.G.P.S. S.A

Sonae Indústria S.G.P.S — Q1 2018 Earnings Presentation

10 slides from Sonae Indústria S.G.P.S's earnings presentation, May 10, 2018

  1. Slide 1: 1Q18 Results - Investors and Analysts Briefing

    1Q18 Results Investors and Analysts Briefing 10 May 2018 1

  2. Slide 2: 1Q18 Highlights

    SONAE INDÚSTRIA Highlights | Proportional Indicators 1Q18 HIGHLIGHTS: (1)  Proportional Turnover of circa 153M€ (1)  LTM Proportional Turnover of 619M€ (1)  Proportional Recurrent EBITDA of 18.7M€ (1) (1)  LTM Proportional Recurrent EBITDA of 85.0M€, with 12.3% margin  Positive Net Results in t

  3. Slide 3: Financial Indicators

    SONAE INDÚSTRIA Highlights of 1Q18 results | Proportional Indicators Financial Indicators FINANCIAL INDICATORS (unaudited) 1Q17 1Q18 Proportional Turnover 164 153 Proportional Rec. EBITDA 22 19 Proportional Rec. EBITDA margin 13.6% 12.3% Proportional LTM Turnover 645 619 Proportional LTM Rec. EBITDA

  4. Slide 4: Net Debt and Leverage

    SONAE INDÚSTRIA Highlights of 1Q18 results | Proportional Indicators Net Debt and Leverage Before Strategic After Strategic Partnership Partnership • Proportional 31.05.2016 Million € Completion of the strategic partnership with Arauco 600 578 7.5 x Net Debt of 550 7.0 x 500 6.5 x 320M€ and a 450 6.

  5. Slide 5: Recurrent EBITDA and Proportional Recurrent EBITDA

    SONAE INDÚSTRIA Highlights of 1Q18 results Recurrent EBITDA (Million €) and Proportional Rec. EBITDA (million €) and Recurrent EBITDA margin (%) Proportional Rec. EBITDA margin (%) 25 30.0% 12 40.0% 22 19 25.0% 10 35.0% 20 10 30.0% 20.0% 8 15 25.0% 6 13.6% 15.0% 6 20.0% 12.3% 10 15.0% 10.0% 4 16.3%

  6. Slide 6: Fixed Costs in % of turnover

    SONAE INDÚSTRIA Highlights of 1Q18 results Fixed Costs in % of turnover % • Fixed Costs as a % of 18.0% 17.0% Turnover increased 16.0% 16.8% circa 2.1 p.p. vs. 1Q17 15.0% 14.0% 14.7% (excluding positive 13.0% 12.0% one-off adjustments 11.0% 10.0% to accruals in 1Q17, 1Q17 1Q18 the % would reach Tota

  7. Slide 7: Contributions to Net results

    SONAE INDÚSTRIA Highlights of 1Q18 results Contributions to Net results Million € Net Profit 1Q17 6.4 Recurrent EBITDA -3.9 Unfavourable exchange rate evolution of the Canadian dollar vs. the EUR (negative impact on Turnover that was only partially offset by a reduction on variable costs in euros) a

  8. Slide 8: Scheduled loan repayments

    SONAE INDÚSTRIA Highlights of 1Q18 results Scheduled loan repayments(1) as of 31 March 2018 Million € 140 127 120 100 80 60 47 40 20 12 11 3 7 1 1 1 0 2Q18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 ≥ 2022 (1) Considering Mar-18 drawn amounts of circa EUR 208.8M (which excludes short term facilities). 8

  9. Slide 9: Glossary of Terms

    SONAE INDÚSTRIA Glossary of Terms Asset Value is calculated as follows: [6.5 x LTM Recurrent EBITDA of fully consolidated business (100%)] + Asset Value [market value of inactive sites real estate properties owned 100% by Sonae Indústria] + [50% x (6.5 x LTM Recurrent EBITDA of Sonae Arauco – Sonae

  10. Slide 10: 1Q18 Results - Investor and analysts contacts

    SONAE INDÚSTRIA 1Q18 Results Investors and Analysts Briefing Investor and analysts contacts: João Mangericão Phone: (+351) 220 106 359 investor.relations@sonaeindustria.com 10

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