Vidrala Sa · BME:VID
Vidrala Sa — FY2018 Earnings Presentation
13 slides from Vidrala Sa's earnings presentation, Jan 27, 2019
Slide 1: FY 2018 Results
FY 2018 RESULTS 27TH JANUARY 2019
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 2018 Key Figures
FY 2018 KEY FIGURES Organic change FY 2018 Change (on a like-for-like and constant currency basis) Net sales (EUR million) 955.4 +16.1% +3.8% EBITDA (EUR million) 239.4 +22.5% +7.9% Earnings per share (EUR/share) 4.47 +30.0% Debt (EUR million) 411.1 -15.6% Debt /EBITDA (multiple) 1.7x -0.5x 3
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million +16.1% YoY 1.000 +3.8% -0.3% 950 +12.2% 955.4 900 923.2 850 800 822.7 750 700 650 600 2017 9M 2017 2017 Organic FX 2018 reported Santos like-for-like Barosa 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million +22.5% YoY 275 +7.9% -0.2% +13.7% 225 239.4 222.1 195.4 175 125 75 2017 9M 2017 2017 Organic FX 2018 reported Santos like-for-like Barosa 5
Slide 6: Operating Margins
OPERATING MARGINS YEAR OVER YEAR CHANGE As percentage of sales 27% 25.1% 25% 23.8% 23% +130 bps 21% 19% 17% 15% 2017 2018 reported 6
Slide 7: Earnings per Share
EARNINGS PER SHARE YEAR OVER YEAR, SINCE 2014 EUR per share +30.0% YoY 5 4.47 4 3 2 1 0 2014 2015 2016 2017 2018 7
Slide 8: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION EUR million / as percentage of sales 300 25.1% 250 239.4 200 -10.7% 150 -3.8% 10.6% 100 101.3 50 0 EBITDA Capex Working capital FCF 2018 and others 8
Slide 9: Debt
DEBT SIX-MONTHLY EVOLUTION, SINCE 2015 Debt in EUR million and times EBITDA 800 3,0x 700 2.5x 2,5x 2.2x 2.2x 600 2.1x 1.9x 2,0x 500 1.9x 1.7x 400 1,5x * 300 1,0x 487 478 200 404 370 411 322 299 0,5x 100 0 0,0x Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 *The increase is due to the acquisition o
Slide 10: FY 2018 Main Highlights
FY 2018 MAIN HIGHLIGHTS ORGANIC TOP-LINE GROWTH OF 3.8% Sales in the year 2018 amounted to EUR 955.4 million, showing an organic growth of 3.8%. OPERATING MARGIN OF 25.1% Operating profit, EBITDA, amounted to EUR 239.4 million representing an operating margin of 25.1%. 30% GROWTH IN EARNINGS Earning
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 2018 Source of data Profit before income tax from continuing operations 140.424 Consolidated Income Statement Amortisation and depreciation +88.178 Consolidated Income Statement Finance income -3.491 Consolidated Income Statemen