Slide 1: Presentation of Third Quarter 2016 Results
Presentation of Third Quarter 2016 Results November 28, 2016
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for use at this presentation of our results for the quarter ended September 30, 2016. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presen
Slide 3: Presentation of Third Quarter 2016 Results
Presentation of Third Quarter 2016 Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of Corporate Development
Slide 4: Introduction
Introduction Gestamp’s revenue in the third quarter grew to € 1.62 billion, which on a constant FX basis represents growth of 6.4% compared to Q3 2015, while EBITDA grew approximately 15% at constant FX to € 178 million Through September, Gestamp’s sales have grown 5.8% to € 5.36 billion, or 10.
Slide 5: Revenue (€ Millions) – 1/3
Revenue (€ Millions) – 1/3 TOTAL REVENUE Consolidated revenue in Q3 was €1.62 billion +5.8% Q3’s high global market 5,357 Market Production (*) 5,063 Market Production(*) production growth of 8.2% is 8.2% 5.1% marked by the Chinese market’s +1.4% 30% growth compared to its weak Q3 2015 productio
Slide 6: Revenue (€ Millions) – 2/3
Revenue (€ Millions) – 2/3 EASTERN EUROPE Sales in Eastern Europe grew by 7.5% in Q3 2016 to € 157 million, +7.5% mostly based on growth in volumes of our projects in Turkey, Czech 531 Market Production (*) 494 Market Production(*) Republic and Poland 0.5% 2.1% +7.5% Russia showed stability at a
Slide 7: Revenue (€ Millions) – 3/3
Revenue (€ Millions) – 3/3 SOUTH AMERICA Gestamp sales in Mercosur grew by 17.9% in Q3 2016 to €115 million off of an unusually low -18.9% comparison base of € 97 million in 345 Market Production(*) Market Production(*) Q3 2015 280 -9.6% -14.0% YTD the decline vs. 2015 is 18.9%, +17.9% affected
Slide 8: EBITDA (€ Millions)
EBITDA (€ Millions) EBITDA EBITDA (%) +10.1% 11.1% 11.0% 585 10.8% 531 10.5% 10.1% +10.2% 161 178 Q3 2015 Q2 2016 Q3 2016 FY 2014 FY 2015 Q3 2015 Q3 2016 YTD 2015/09 YTD 2016/09 Growth at constant FX: 14.6%: Growth at constant FX: 15.1%: EBITDA increased by 10% to € 178 million in Q3 2016 compared
Slide 9: Investments in Fixed Assets
Investments in Fixed Assets Third Quarter YTD September 30, 2015 2016 2015 2016 (Millions of Euros) (Millions of Euros) Capital expenditures Intangible assets 15.0 20.3 66.4 63.7 Tangible assets 113.0 145.0 326.3 416.9 Total 128.0 165.3 392.7 480.6 Net payments on investments Intangible assets 15.3
Slide 10: Net Financial Debt
Net Financial Debt Net Debt (€ Millions) September 30, December 31, September 30, 2015 2015 2016 (Millions of Euros) Interest bearing loans and borrowings 1,839.5 1,730.9 2,174.0 Financial leasing 35.7 35.2 33.0 Borrowings from associated companies 101.6 79.0 69.2 Other financial debts 40.6 39.4 31.
Slide 11: Net Financial Debt – Comments
Net Financial Debt – Comments The third quarter is marked by seasonal factors, with a reduction in activity in the summer months typically impacting operating cash flow, while our investment program maintains its pace In addition, working capital increases have largely been driven by tooling for
Slide 12: Guidance and outlook
Guidance and outlook We would like to reiterate our guidance for full year 2016 Revenue growth of +/- 5% vs. 2015 after FX impact Trend of margin improvement to be sustained, resulting in EBITDA growth higher than revenue growth Capex to be at a similar percentage of revenue as in 2015 Wor
Slide 13: Gestamp
Gestamp ©2016 GESTAMP \