Orbia Advance Corp. Sab De Cv · BMV:ORBIA
Orbia Advance Corp. Sab De Cv — Orbia — Q3 2020 Earnings Presentation
18 slides from Orbia Advance Corp. Sab De Cv's earnings presentation, Oct 29, 2020
Slide 1: Orbia Q3 2020 Earnings Call
Orbia Q3 2020 Earnings Call October 29, 2020
Slide 2: Safe Harbor
Safe Harbor In addition to historical information, this presentation contains "forward-looking" statements that reflect management's expectations for the future. The words “anticipate,” “believe,” “expect,” “hope,” “have the intention of,” “might,” “plan,” “should” and similar expressions generally
Slide 3: Q3 2020 Highlights
Q3 2020 Highlights Daniel Martínez-Valle, CEO
Slide 4: Delivering Value as We Celebrate the 1-Year Anniversary of Orbia
Delivering Value as We Celebrate the 1-Year Anniversary of “Orbia” Executing with agility, delivering solid year-over-year 01 financial results and strong sequential performance despite the significant challenges caused by the pandemic Laser-focused on operational excellence and customer- centricity
Slide 5: Q3 Financial Highlights: Solid YoY Results with Strong Sequential Growth
Q3 Financial Highlights: Solid YoY Results with Strong Sequential Growth and Margin Performance REVENUE EBITDA EBITDA MARGIN FREE CASH FLOW Better-than-expected top-line Strong EBITDA performance YoY and sequential margin expansion Sequentially robust Cash Flow growth $1.6 Billion $362 Million 22.1%
Slide 6: Continuing to Reopen Business While Remaining Vigilant Around Health & Safety
Continuing to Reopen Business While Remaining Vigilant Around the Health & Safety of Employees and Customers Adapting quickly and prepared to take necessary actions to safeguard our teams Our People Our Operations while continuing to serve our customers and capture new market opportunities • Some em
Slide 7: Making Significant Progress On Our Transformation Journey
Making Significant Progress On Our Transformation Journey - Highlighting Three Key Areas this Quarter HUMAN-CENTERED INNOVATION OPERATIONAL EXCELLENCE SUSTAINABILITY In Progress Procurement Environment • Pivoting from current traditional, R&D-driven • Developing a best-in-class procurement • Commitm
Slide 8: Q3 2020 Financial Results
Q3 2020 Financial Results Edgardo Carlos, CFO
Slide 9: Q3 Consolidated Financial Performance ($M)
Q3 Consolidated Financial Performance ($M) -6% -9% Net revenue decreased due to lower sales in Koura and Vestolit; sequentially, up 16%, reflecting improving demand, particularly in Wavin (Europe and LatAm regions) and higher sales at Vestolit due to favorable pricing and better supply and demand dy
Slide 10: Q3 Business Group Financial Results ($M)
Q3 Business Group Financial Results ($M) Net Revenues -1% -2% +1% -20% -10% EBITDA & Margin +25% +31% +28% -28% -18% 29% 17% 42% 24% 18% 22% 13% 22% 14% 38% • Strong demand in U.S., China, and • Increased sales in the U.S. of higher • Strong demand recovery in Europe, • COVID-19 had a more pronounce
Slide 11: Strong Financial Position
Strong Financial Position Balance Sheet ($M, 9/30/2020) Debt Profile ($M, 9/30/2020) Cash / Cash Equivalents 1,245 Gross Debt 4,179 Accounts Receivable 1,155 Less Cash 1,245 Inventory 784 Net Debt 2,935 Total Assets 10,444 Gross Debt to EBITDA 3.39x Accounts Payable 1,151 Net Debt to EBITDA 2.39x To
Slide 12: Closing Remarks
Closing Remarks Daniel Martínez-Valle, CEO
Slide 13: Closing Remarks
Closing Remarks 01 02 03 Successfully operating our businesses, While delivering on our commitment to Focusing on specific sights on achieving executing our Play-to-Win strategy and people and the planet, we are keenly above-market organic growth, strong positioning Orbia for future growth and focus
Slide 14: Appendix
Appendix Earnings Presentation | 14
Slide 15: P&L Third Quarter
P&L Third Quarter January - September USD in millions Inc ome Statement 2020 2019 % 2020 2019 % Net Revenues 1,639 1,747 -6% 4,677 5,351 -13% Cost of Sales 1,153 1,232 -6% 3,373 3,853 -12% Gross Profit 486 515 -6% 1,304 1,498 -13% Operating Expenses 264 270 -2% 784 830 -6% Operating Income (loss) 22
Slide 16: Balance Sheet
USD in millions Balance Sheet Balanc e sheet Total assets 2020 1 0 ,4 4 4 2019 1 0 ,0 5 7 Current assets 3 ,4 2 5 2 ,8 5 2 Cash and temporary investments 1,245 586 Receivables 1,155 1,158 Inventories 784 834 Others current assets 242 274 Non c urrent assets 7 ,0 1 9 7 ,2 0 5 Property, plant and equi
Slide 17: Cash Flow Statement
Cash Flow Statement mm US$ Third quarter January - September Cash Flow 2020 2019 %Var. 2020 2019 % Var. EBITDA 362 381 -5.0% 935 1,071 -12.7% Taxes paid, net (70) (59) 18.6% (178) (181) -1.7% Net interest / Bank c ommissions (78) (90) -13.3% (182) (233) -21.9% Change in trade working c apital (65) 4
Slide 18: Orbia
orbia(}