Vidrala Sa · BME:VID
Vidrala Sa — FY2019 Earnings Presentation
13 slides from Vidrala Sa's earnings presentation, Feb 27, 2020
Slide 1: FY 2019 Results
FY 2019 RESULTS 27TH FEBRUARY 2020
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: FY 2019 Key Figures
FY 2019 KEY FIGURES - FY 2019 Change Organic change (constant currency basis) Net sales (EUR million) 1,010.8 +5.8% +5.5% EBITDA (EUR million) 274.6 +14.7% +14.5% Earnings per share (EUR/share) 5.27 +24.0% Debt (EUR million) 334.9 -18.5% Debt / LTM EBITDA (multiple) 1.2x -0.5x 3
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million 1.100 +5.5% +0.3% +5.8% 1.000 1,010.8 900 955.4 800 700 600 FY 2018 Organic FX FY 2019 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 300 +14.5% +14.7% +0.2% 275 250 274.6 225 239.4 200 175 150 FY 2018 Organic FX FY 2019 5
Slide 6: Operating Margins
OPERATING MARGINS YEAR OVER YEAR CHANGE As percentage of sales 29% 27.2% 27% +210 bps 25.1% 25% 23% 21% FY 2018 FY 2019 6
Slide 7: Earnings per Share
EARNINGS PER SHARE YEAR OVER YEAR , SINCE 2015 EUR per share +24.0% 6 5.27 5 4 3 2 1 0 2015 2016 2017 2018 2019 7
Slide 8: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION EUR million / as percentage of sales 300 27.2% 250 274.6 -10.6% 200 150 -4.6% 12.0% 100 121.1 50 0 EBITDA Capex WC & Others FCF 8
Slide 9: Debt
DEBT SIX-MONTHLY EVOLUTION, SINCE 2017 Debt in EUR million and times EBITDA 600 2,5x 2.2x 2.1x 500 2,0x 1.7x 1.6x 400 1,5x 1.2x 300 487 1,0x 478 411 402 200 335 0,5x 100 0,0x Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 9
Slide 10: FY 2019 Main Highlights
FY 2019 MAIN HIGHLIGHTS ORGANIC TOP-LINE GROWTH OF 5.5% Sales in 2019 amounted to EUR 1,010.8 million, showing an organic growth of 5.5%. OPERATING MARGIN OF 27.2% Operating profit, EBITDA, was EUR 274.6 million representing an operating margin of 27.2%. >20% GROWTH IN EARNINGS Earnings reached EUR
Slide 11: Slide 11
Slide 12: Annex. Alternative Performance Measures (APM)
ANNEX. ALTERNATIVE PERFORMANCE MEASURES (APM). Vidrala publishes this information in order to promote comparability and interpretation of its financial information and in compliance with the Directive of the European Securities and Markets Authority (ESMA) on Alternative Performance Measures (APM).
Slide 13: Annex. Alternative Performance Measures (APM)
ANNEX. ALTERNATIVE PERFORMANCE MEASURES (APM). i) EBITDA EUR million FY 2019 Source of data Profit before income tax from continuing operations 165,980 Consolidated Income Statement Amortisation and depreciation +91,088 Consolidated Income Statement Finance income -1,004 Consolidated Income Statemen