Vidrala Sa · BME:VID
Vidrala Sa — Q1 2024 Earnings Presentation
11 slides from Vidrala Sa's earnings presentation, Apr 30, 2024
Slide 1: Q1 2024 Results
Q1 2024 RESULTS 30th APRIL 2024
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: Q1 2024 Key Figures
Q1 2024 KEY FIGURES Q1 2024 Change Change at constant currency & comparable scope Sales (EUR million) 419.4 +11.0% +1.4% EBITDA (EUR million) 109.8 +9.1% -4.7% Earnings per share (EUR) 1.64 -9.8% Debt (EUR million) 529.7 +67.8% Debt / LTM EBITDA* (multiple) 1.2x +0.3x Important: Debt figure and leve
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million +11.0% 450 +1.4% +1.8% YoY +7.9% 419.4 350 377.9 250 150 Q1 2023 Scope Organic FX Q1 2024 change change effect Scope refers to the combined effect of the consolidation of 2023 YTD Vidroporto’s results and the exclusion of Vidrala Italia since March 1, 2024. 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million +9.1% 125 YoY +12.0% -4.7% +1.8% 109.8 100 100.7 75 50 25 Q1 2023 Scope Organic FX Q1 2024 change change effect Scope refers to the combined effect of the consolidation of 2023 YTD Vidroporto’s results and the exclusion of Vidrala Italia since March 1, 2024.
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 30% 26.6% 26.2% 25% 20% -40 bps 15% 10% Q1 2023 Q1 2024 6
Slide 7: Main Figures, by Business Unit
MAIN FIGURES, BY BUSINESS UNIT NEW PERIMETER, INCLUDING THE CONTRIBUTION OF VIDROPORTO AND EXCLUDING THE RESULTS OF VIDRALA ITALIA EUR million SALES EBITDA Iberia & Rest of EU UK & Ireland Brazil Iberia & Rest of EU UK & Ireland Brazil 35 56 +63% 12 24 +110% 26 134 150 +12% 30 +16% 68 222 196 -12% 5
Slide 8: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION YEAR-TO-DATE TO MARCH 2024 EUR million / as percentage of sales 480 25.2% 360 402.8 -9.6% 240 -4.5% 11.1% 177.0 120 0 EBITDA Capex WC & Others FCF Net debt at March 31, 2024 stood at EUR 529.7 million. This is equivalent to a leverage ratio of 1.2x times last t
Slide 9: Q1 2024 Results | Main Highlights
Q1 2024 RESULTS | Main highlights ORGANIC TOP-LINE GROWTH OF 1.4% Sales during the first three months of 2024 amounted to EUR 419.4 million, showing an organic growth of +1.4% OPERATING MARGIN OF 26.2% Operating profit, EBITDA, amounted to EUR 109.8 million representing an operating margin of 26.2%
Slide 10: FY 2024 Outlook
FY 2024 OUTLOOK Actuals Last Twelve Months Outlook FY 2023 as of March 2024 FY 2024 1,596 ≈EUR 1,600 million 1,559 Sales EUR million EUR million Modest volume recovery in Europe & the UK New perimeter1 Second-round effects of the capacity expansion in Brazil 412 394 EBITDA EUR million EUR million >E
Slide 11: Vidrala, S.A. Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com