Vidrala Sa · BME:VID
Vidrala Sa — H1 2021 Earnings Presentation
15 slides from Vidrala Sa's earnings presentation, Jul 23, 2021
Slide 1: H1 2021 Results
H1 2021 RESULTS 23rd JULY 2021
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 2021 Key Figures
H1 2021 KEY FIGURES H1 2021 Change Organic change (constant currency basis) Sales (EUR million) 529.5 +11.6% +11.2% EBITDA (EUR million) 149.4 +22.1% +21.4% Earnings per share (EUR) 2.88 +31.5% Debt (EUR million) 173.2 -41.2% Debt / LTM EBITDA (multiple) 0.6x -0.5x 3
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million 600 +11.6% +11.2% +0.4% YoY 500 529.5 474.4 400 300 H1 2020 Organic FX effect H1 2021 change 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 175 +22.1% YoY +21.4% +0.7% 149.4 125 122.4 75 25 H1 2020 Organic FX effect H1 2021 change 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 30% 28.2% 28% +242 bps 26% 25.8% 24% 22% H1 2020 H1 2021 6
Slide 7: Earnings per Share
EARNINGS PER SHARE YEAR OVER YEAR EVOLUTION, SINCE 2017 EUR per share 4 +31.5% YoY 3 2,88 2,19 2 1 0 H1 2017 H1 2018 H1 2019 H1 2020 H1 2021 *Important: In order to improve comparability, historical data has been adjusted for the effect of bonus share issues. 7
Slide 8: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION LAST 12 MONTHS TO JUNE 2021 EUR million / as percentage of sales 350 29.4% 300 250 -12.6% 200 15.2% -1.6% 150 100 50 0 EBITDA Capex WC & Others FCF 8
Slide 9: Net Debt
NET DEBT YEAR OVER YEAR EVOLUTION, SINCE 2018 EUR million and times EBITDA 700 2,5x 2.1x 600 2,0x 500 1.6x 1,5x 400 1.1x 300 1,0x 478 200 402 0.6x 294 0,5x 100 173 0 0,0x Jun-18 Jun-19 Jun-20 Jun-21 9
Slide 10: H1 2021 Results | Main highlights
H1 2021 RESULTS | Main highlights ORGANIC TOP-LINE GROWTH OF 11.6% Sales during the first six months 2021 amounted to EUR 529.5 million, showing an organic growth of 11.6% OPERATING MARGIN OF 28.2% Operating profit, EBITDA, was EUR 149.4 million representing an operating margin of 28.2% >30% GROWTH
Slide 11: FY 2021 Outlook, Reiterated
FY 2021 OUTLOOK, REITERATED Actuals Last Twelve Months Full Year 2021 Full Year at March 2021 Trends 2020 Modest volume growth, more intense in Q2 due Sales -1.7% YoY -2.5% YoY to the low comparison basis. Full recovery still variation organic organic depending on the evolution of the pandemic and t
Slide 12: Responsible: The Journey of a Recycled Packaging
RESPONSIBLE CONSUMER CONSUMPTION COLLECTION THE JOURNEY OF A RECYCLED PACKAGING RECYCLING PRODUCTION asecreleg PON So INFINITE — CYCLE "edced bh vidrala
Slide 13: 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 14: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) i) EBITDA EUR million H1 2021 Source of data Profit before income tax from continuing operations 103.469 Consolidated Income Statement Amortisation and depreciation +43.715 Consolidated Income Statement Finance income -5 Consolidated Income Statement Fi
Slide 15: Vidrala, S.A. Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com