Slide 1: H1 2024 Results
H1 2024 RESULTS 24th JULY 2024
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: H1 2024 Key Figures
H1 2024 KEY FIGURES H1 2024 Change Change at constant currency & comparable scope Sales (EUR million) 830.4 +4.5% +0.7% EBITDA (EUR million) 225.0 +4.6% -2.4% Earnings per share (EUR) 3.75 -6.0% Debt (EUR million) 433.4 +52.7% Debt / LTM EBITDA* (multiple) 1.0 +0.3x Important: Debt figure and levera
Slide 4: Sales: Year Over Year Change
SALES YEAR OVER YEAR CHANGE EUR million +4.5% 900 +1.0% YoY +2.8% +0.7% 830.4 794.8 700 500 300 H1 2023 Scope Organic FX H1 2024 change change effect Scope refers to the combined effect of the consolidation of 2023 YTD Vidroporto’s results and the exclusion of Vidrala Italia since March 1, 2024. 4
Slide 5: EBITDA: Year Over Year Change
EBITDA YEAR OVER YEAR CHANGE EUR million +4.6% 250 YoY +6.1% -2.4% +0.9% 225.0 215.2 200 150 100 H1 2023 Scope Organic FX H1 2024 change change effect Scope refers to the combined effect of the consolidation of 2023 YTD Vidroporto’s results and the exclusion of Vidrala Italia since March 1, 2024. 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 30% 27.1% 27.1% 25% 20% +3 bps 15% 10% H1 2023 H1 2024 6
Slide 7: Main Figures, by Business Unit
MAIN FIGURES, BY BUSINESS UNIT NEW PERIMETER, INCLUDING THE CONTRIBUTION OF VIDROPORTO AND EXCLUDING THE RESULTS OF VIDRALA ITALIA EUR million SALES EBITDA Iberia & Rest of EU UK & Ireland Brazil Iberia & Rest of EU UK & Ireland Brazil 63 102 20 42 52 282 312 65 149 456 114 400 2023 YTD 2024 YTD 202
Slide 8: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION YEAR-TO-DATE TO JUNE 2024 EUR million / as percentage of sales 250 200 27.1% -9.1% 150 -7.2% 100 10.8% 50 0 EBITDA Capex WC & Others FCF Net debt at June 30, 2024 stood at EUR 433.4 million. This is equivalent to a leverage ratio of 1.0x times last twelve month
Slide 9: Resulting Financial Position
RESULTING FINANCIAL POSITION EXPECTED NET DEBT POSITION AT THE END OF JULY 2024, AFTER THE SALE OF VIDRALA ITALIA EUR million 480 433 360 -230 320 240 -141 -25 120 0 Net debt Sale of Other July Resulting Jun 30, 2024 Vidrala Italia cash-in dividends net debt 9
Slide 10: H1 2024 Results: Main Highlights
H1 2024 RESULTS | Main highlights ORGANIC TOP-LINE GROWTH OF 0.7% Sales during the first six months of 2024 amounted to EUR 830.4 million, showing an organic growth of +0.7% OPERATING MARGIN OF 27.1% Operating profit, EBITDA, amounted to EUR 225.0 million representing an operating margin of 27.1% SO
Slide 11: FY 2024 Outlook, Reiterated
FY 2024 OUTLOOK, REITERATED Actuals Last Twelve Months Outlook FY 2023 as of June 2024 FY 2024 1,597 ≈EUR 1,600 million 1,559 Sales EUR million EUR million Modest volume recovery in Europe & the UK New perimeter1 Second-round effects of the capacity expansion in Brazil 412 394 EBITDA EUR million EUR
Slide 12: Vidrala, S.A. Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com