Vidrala Sa · BME:VID
Vidrala Sa — Investor Presentation (February 2014)
16 slides from Vidrala Sa's investor presentation, February 2014
Slide 1: Company Presentation
Company Presentation FEBRUARY 2014
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: Overview
Overview : Vidrala is Western Europe’s fourth glass container manufacturer through six complementary sites located in four countries. Vidrala supplies glass containers for a wide variety of products in the beverages and food industry, selling more than 4.0 billion bottles and jars per year among mor
Slide 4: Brief history
Brief history Establishment of Vidrerías de Alava S.A. ORGANIC GROWTH Industrial process innovation Vidrala goes public Subsidiary CRISNOVA, S.A. set up 2001-2005 Strategic Plan Acquisition: GALLO VIDRO (Portugal) ACQUISITIONS Acquisitions: VIDRALA ITALIA (Italy), CASTELLAR (Spain) Acquisition: MD V
Slide 5: A focus on strategic growth
A focus on strategic growth A complementary footprint, a strategic positioning FOURTH MANUFACTURER IN WESTERN EUROPE 4 BILLION UNITS PER YEAR 6 PLANTS IN 4 COUNTRIES TURNOVER: EUR 473 MILLION IN FY 2013 MORE THAN 1,500 CUSTOMERS MARKET CAP: >EUR 900 MILLION MARKET SHARE IN WESTERN EUROPE: 7% 5
Slide 6: Business Structure
Business Structure Strategic Growth, Well-ordered business diversification Towards an international projection.... ... Optimizing the product mix SALES BREAKDOWN BY COUNTRY SALES BREAKDOWN BY PRODUCT 2002-2013. EUR Millions. 5 years average. As a percentage of sales PRESERVES JUICES 3% WATER IBERIA
Slide 7: A history of growth
A history of growth PRODUCTION (TONS OF GLASS) C.A.G.R.: +11% 1.200.000 1.000.000 800.000 600.000 400.000 200.000 0 1966 1981 1989 1995 1998 2003 2005 2007 2011 2012 2013 7
Slide 8: An aim of value creation
An aim of value creation EARNINGS PER SHARE EUR PER SHARE 2,50 2,00 1,50 1,00 0,50 0,00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 8
Slide 9: Industry Fundamentals
Industry Fundamentals Glass packaging SECTOR: a competitively solid sector. VIDRALA. REFERENCE SUPPLIERS IN OUR STRATEGIC MARKETS GLASS CONTAINER THROUGH A COMPLEMENTARY FOOTPRINT. CHARACTERISTICS LIMIT ITS FREIGHT. GLASS OUR CUSTOMERS´PACKAGING PACKAGING ACTIVITY DEMAND SERVICE QUALITY AND SUPPLY S
Slide 10: Market Fundamentals
Market Fundamentals Glass packaging MARKET: a mature and stable market. Demand for food and beverage packaging in WE (2003-2012) In thousands of million euros. Source: Datamonitor THE GLASS CONTAINER MARKET IS A MATURE AND STABLE MARKET. LINKED TO SOLID MARKET CONSUMPTION PRODUCTS, IT SHOWS LOW VOLA
Slide 11: VIDRALA Fundamentals
VIDRALA Fundamentals Vidrala POSITIONING: stable and diversified. VIDRALA: 2013 SALES GLASS PACKAGING BREAKDOWN BY MARKET MARKET: A MATURE AND FEWLY STABLE MARKET: DIFFERENTIATED ROW Glass containers MARKET, BUT STABLE AND MORE DEFENSIVE. demand, mature VIDRALA MARKET: market, less GEOGRAPHICAL DIFE
Slide 12: Credit Fundamentals
Credit Fundamentals Vidrala BUSINESS STRUCTURE: competitive and solid. WESTERN EUROPE MAIN PLAYERS 2013 OPERATING MARGIN (EBIT) MAIN PLAYERS VIDRALA: SECOND MANUFACTURER OF 15,3% COMPETITIVE IBERIAN PENINSULA, 16,0% FOURTH OF WESTERN POSITIONING: EUROPE IN GLASS 14,0% 12,0% 10,9% 10,5% 9,1% referenc
Slide 13: The Product
The Product Glass: the preferred packaging material SUSTAINABILITY Pure and natural, 100% recyclable endlessly HEALTH Inert and impermeable, safe, no chemicals, no interference QUALITY Warranty of product preservation IMAGE Modern, atractive, versatile, premium. ITS UNIQUE CHARACTERISTICS IN IMAGE,
Slide 14: Business performance FY 2013
Business performance FY 2013 RELEVANT BUSINESS FIGURES EUR millions AS AT DECEMBER 2013 AS AT DECEMBER 2012 SALES 472.9 456.9 GROSS OPERATING PROFIT (EBITDA) 114.0 103.5 OPERATING PROFIT (EBIT) 72.4 65.3 PROFIT BEFORE TAX 67.5 59.2 NET PROFIT 52.3 46.5 NON-CURRENT ASSETS 443.8 456.4 SHAREHOLDERS´ EQ
Slide 15: Our Project
Our Project A solid industrial project: Based on clear business and market definitions, with a vocation to customers service, supported by an optimal financial structure, and a strategy focused on our Shareholders interests. We Know and understand: The industry The packaging market The glass sector
Slide 16: www.vidrala.com
www.vidrala.com