Viscofan, S.a. · BME:VIS
Viscofan — Q1 2022 Earnings Presentation
14 slides from Viscofan's earnings presentation, May 2022
Slide 1: Results
Results 2022 Vischfan mead
Slide 2: Highlights 1Q22
Highlights 1Q22 1 2 3 4 All-time high in Strength in revenue and Ongoing investments New sales price increase quarterly revenue in a operating activity that, to capture growth to offset cost inflation context marked by together with the opportunities of the and to maintain results strong demand and
Slide 3: Highlights 1Q22
Highlights 1Q22 €262.9 €57.8 €27.5 €11.6 million million million million Revenue EBITDA Net profit Capex +15.1% +0.3% -8.9% +37.9% Highlights Revenue EBITDA Investment and Debt Appendix 3
Slide 4: Double digit growth rate in revenue
Double digit growth rate in revenue driven by volume, price, energy and forex Revenue 1Q22 € million +11.7 +6.9 262.9 +15.9 228.4 +15.1% +7.0 p.p. +3.0 p.p. +5.1 p.p. Lile-for-like 1 Like-for-like 1 Forex TB and NB Co-generation 1Q21 1Q22 1 Like-for-like: For comparative purposes, like-for-like grow
Slide 5: 1Q22 revenue sets an all-time high
1Q22 revenue sets an all-time high Group revenue. Quarterly 2020 2021 2022 € million 262.9 257.8 245.6 240.3 237.5 228.4 224.9 224.9 222.1 + 15.1% vs. 1Q21 1Q 2Q 3Q 4Q Highlights Revenue EBITDA Investment and Debt Appendix 5
Slide 6: Asia, Europe and North America are the growth drivers
Asia, Europe and North America are the growth drivers Revenue 1Q22 Breakdown by geographical area1 86.1 91.6 105.5 71.3 NAM EMEA + 12.4% + 20.6% + 15.2% +13.3% Like-for-like2 vs. 1Q21 1Q21 1Q22 1Q21 1Q22 vs. 1Q21 Like-for-like2 33% 40% Group €262.9 million 13% 32.9 33.1 SAM 14% APAC 32.5 38.2 - 5.6%
Slide 7: Positive contribution from all businesses
Positive contribution from all businesses Revenue 1Q22 Breakdown by business division 214.6 New 191.7 Traditional Business. TB Business. NB 31.5 26.9 + 11.9% + 17.2% vs. 1Q21 1Q21 1Q22 Group 1Q21 1Q22 vs. 1Q21 €262.9 82% million 12% 6% 16.8 9.8 +71.1% Co-generation vs. 1Q21 1Q21 1Q22 Highlights Reve
Slide 8: Inflation environment in all cost lines
Inflation environment in all cost lines Revenue strength, forex and efficiencies offset inflation P&L 1Q22 Year-on-year change +33.8% +25.2% +15.1% +10.0% +6.1% +3.8% +0.3% -1.3% -8.2% Revenue Revenue Cost of Personnel Other operating EBITDA EBITDA D&A EBIT like-for-like1 consumption2 costs costs li
Slide 9: Price hikes, volume and efficiencies offsetting the worst cost environment in decades
Price hikes, volume and efficiencies offsetting the worst cost environment in decades Price hike Efficiencies Inflation EBITDA 1Q22 Bridge breakdown, like-for-like and forex +4.9 57.6 57.8 -4.7 +0.3% Like-for-like Forex -8.2 p.p. +8.5p.p. Stepped increase Operating leverage Energy: +61.2% from Janua
Slide 10: Progressing in investment projects
Progressing in investment projects with a strong Balance Sheet to deal with an adverse environment Capex 1Q22 Net bank debt1 March 2022 € million € million Capacity increase in collagen casings <0.1x EBITDAe 2022 Technology update at the Danville plant Working Capital €11.6 Collagen hydrolysates in
Slide 11: Appendix. Subsequent events
Appendix. Subsequent events Trade sanctions to Russia On April 8, 2022, Regulation (EU) 2022/576 of the Council of the European Union established restrictive measures motivated by actions by Russia that destabilize the situation in Ukraine. Specifically, Article 3 duodecies prohibits the sale, suppl
Slide 12: Appendix. P&L
Appendix. P&L Like-for-like1 € million 1Q22 1Q21 % y-o-y % y-o-y Revenue 262.9 228.4 +15.1% +10.0% EBITDA 57.8 57.6 +0.3% -8.2% EBITDA margin 22.0% 25.2% -3.2 p.p. -4.1 p.p. Operating profit 38.9 39.4 -1.3% Profit before taxes 38.1 40.2 -5.4% Taxes -10.6 -10.1 +5.2% Net profit 27.5 30.2 -8.9% 1 Like
Slide 13: Appendix. Disclaimer
Appendix. Disclaimer This document may include statements This circumstance must be taken into account about intentions, expectations or forecasts mainly for all persons or entities that may have to of the Company additional to the take decision, develop or spread opinions relative mandatory financi
Slide 14: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures The Alternative Performance Measures included in this report are as follows: • The EBITDA, or operating profit before depreciation and • Net bank debt: This is calculated as non-current borrowings amortisation, is calculated excluding depreciation and plus