Ramada Investimentos E Industria,s.a. · EURONEXT:RAM
Ramada Investimentos E Industria,s.a — Investor Presentation (September 2017)
26 slides from Ramada Investimentos E Industria,s.a's investor presentation, September 2017
Slide 1: Investor presentation September 2017
Investor presentation September 2017
Slide 2: Ramada at a glance
Ramada at a glance ▷ Industrial company incorporated in 1935 ▷ Listed in Portuguese Stock Market since 2008 as a spin off (Altri) ▷ Strong financial track record ○ Total Revenues cagr 2013/2016 of 9,2% ○ EBITDA cagr 2013/2016 of 13,8% ○ Net Profit cagr 2013/2016 of 30,8% ▷ A balanced business portfo
Slide 3: 80 years of industrial innovation
80 years of industrial innovation NEW HEAT STORAX STORAX CUTTING F. RAMADA TREATMENT MACHINNING STORAX BENELUX SPAIN UNIT UP TO BEGINNINGS SERVICES SERVICES SYSTEMS R&D RANGER R&D ICUBE 60TONS 1935 1950 1997 2002 2005 2015 2017 1939/45 1958 2001 2003 2011 2015 SPECIAL STEELS DEXION STORAX STORAX INC
Slide 4: Financial highlights (K €)
Financial highlights (K €) EBITDA 25.000 CAGR 21.325 13,8% 20.000 17.870 16.170 +10% 14.466 15.000 Total revenues 10.537 11.606 CAGR 10.000 160.000 9,2% 137.345 140.000 126.557 5.000 119.575 120.000 105.351 +11% 100.000 0 2013 2014 2015 2016 1H2016 1H 2017 80.000 69.667 62.811 60.000 40.000 Net prof
Slide 5: Debt position (K €)
Debt position (K €) ▷ Net debt (end of July 2017): 55 M€ ▷ Net debt (end of July 2017) / EBITDA 2016R: 2,6x ▷ Debt structure Avg cost MLT debt: Euribor (zero floor) + 1,5% ST debt 46% MLT Avg cost ST debt: 54% Euribor (zero floor) < 1% 5
Slide 6: Ramada in the stock market
Ramada in the stock market ▷ Share price evolution 9,00 € 8,00 € 7,00 € 6,00 € 5,00 € 4,00 € 3,00 € 2,00 € 1,00 € 0,00 € 08-07-2008 08-07-2009 08-07-2010 08-07-2011 08-07-2012 08-07-2013 08-07-2014 08-07-2015 08-07-2016 08-07-2017 ▷ Shareholder structure Santander AM Free float 2,5% 18,2% Magallanes
Slide 7: Current business areas
Current business areas INDUSTRY FORESTRY ASSETS PRIVATE EQUITY 7
Slide 8: Current business areas - Industry
Current business areas - Industry Special Steels Drawn Steels Rolled Steels Industrial Tools Cutting Tools Several services: Heat Treatments, Cut Technology and Machining INDUSTRY High Density Storage 8
Slide 9: Special Steels
RAMADA ACOS SPECIAL STEEL SOLUTIONS Special Steels
Slide 10: One stop shop
- One stop shop We offer several services that add value to our products. We look for complete and combined solutions that allow the clients to have more profitability. 10
Slide 11: Services
|| R RAMADA ACOS HEAT TREATMENT CUT TO SIZE WN RAMADA Bers.
Slide 12: Services & Machining
| BR Ramana Acos FACE MILLING — RAMADA Mises Reeawoaices
Slide 13: Main clients
- Main clients ▷ Above 2000 customers ○ Metalworking: 1/3 of sales ○ Moulds: 2/3 sales (gaining mkt share) – fast growing industry ▷ Portuguese moulds industry overview ○ Export driven industry ○ 60% exports growth 2011-2016 Major destination markets of Portuguese moulds industry evolution 2011-16 P
Slide 14: Portuguese moulds industry
- Portuguese moulds industry 450 Enterprises dedicated to moulds development 10.000 Workers and Professionals 625 M€ Exported, from a total of 736M€ 14
Slide 15: Automotive within the moulds industry
- Automotive within the moulds industry 15
Slide 16: High Density Storage
High Density Storage STORAX SOLUTIONS ELEVATE YOUR BUSINESS 16
Slide 17: Global presence
Global presence Ramada Storax pt.storaxsolutions.com Storax Supplies UK www.storaxsupplies.com Storax France Storax Benelux fr.storaxsolutions.com bnl@storaxsolutions.com Storax Systems UK Storax Spain www.storaxsolutions.com es.storaxsolutions.com 17
Slide 18: Over 50K installations in 85 countries
Over 50K installations in 85 countries 18
Slide 19: Solutions and markets
Solutions and markets • LOGISTICS AND COLD STORES • FOOD AND BEVERAGE • PHARMACEUTICAL • PAPER INDUSTRY • AGRO ALIMENTARY INDUSTRY • CHEMICAL INDUSTRY • CLOTHES AND FASHION • AUTOMOTIVE & MOBILITY INDUSTRY • AEROSPACE INDUSTRY 19
Slide 20: Some clients
Engineered STORES RAX: Solutions Some clients 4 r x) 2 9: © Prius CITROEN PEUGEOT CATERPILLAR “2 Oe BASE a 2°. o.,BASF «ee SOEING IH EP Reve > Py PuG Unidewwe | IW Kam Bonducts <e” ToTau ra nae E@ ® | iN in _ Citloa ®& cecsi Galsberg: SONY Aw a G@ntinental’. ASTON MARTIN BIMBO LAND jacune OR secrecy
Slide 21: Industry - Financial highlights (K €)
Industry - Financial highlights (K €) EBITDA CAGR 18.000 19,2% 16.062 16.000 14.000 12.868 +14% 12.000 11.215 9.475 Total revenues 10.000 7.984 9.067 CAGR 8.000 9,7% 6.000 140.000 130.817 120.088 4.000 120.000 113.234 +12% 2.000 99.096 100.000 0 2013 2014 2015 2016 1H2016 1H 2017 80.000 66.561 59.68
Slide 22: Current business areas – Forestry assets
Current business areas – Forestry assets ▷ 50 thousand hectares of owned forest ▷ Book Value of 85 million Euros ▷ Rented contract until 2028 (to Altri, SGPS, SA) ▷ Annual rent updated yearly on inflation ▷ Net annual yield of 6,2% 22
Slide 23: Forestry Assets - Financial highlights (K €)
Forestry Assets - Financial highlights (K €) EBITDA 6.000 5.263 4.990 4.956 5.002 5.000 4.000 Total revenues 3.000 2.553 2.540 2.000 7.000 6.255 6.341 6.469 6.529 1.000 6.000 0 5.000 2013 2014 2015 2016 1H2016 1H 2017 4.000 3.130 3.106 3.000 Earnings before taxes 2.000 4.000 CAGR 3.514 1.000 3.500 4
Slide 24: Current business areas – Private equity
Current business areas – Private equity ▷ Strategic rational: invest in fast growing businesses ▷ Value creation is main metric: either through integration or disposal ▷ Current portfolio ○ BASE Holding: recently sold (July 2017) with a capital gain above 40 M€ ○ CEV/Converde: organic fungicide star
Slide 25: Looking ahead
Looking ahead ▷ Organic growth in core business ○ More added value in specials steels with positive margin impact ▷ Attractive and sustainable dividend policy ○ Normalised pay out ratio above 50% ▷ Strong cash position ○ Following BASE holding divestment, Net Debt will be around zero ○ Main focus on
Slide 26: Contact details
Avenida Régua Cova do Frade 3880-001 Ovar Portugal +351 256 580 400 sede@ramadainvestimentos.pt
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