Slide 1: 9M 2023 Results
9M 2023 RESULTS 18th OCTOBER 2023
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: 9M 2023 Key Figures
9M 2023 KEY FIGURES 9M 2023 Change Change at constant currency basis Sales (EUR million) 1,194.1 +17.4% +18.6% EBITDA (EUR million) 315.6 +98.6% +100.1% Earnings per share (EUR) 6.01 +138.2% Debt (EUR million) 208.9 +26.5% Debt / LTM EBITDA (multiple) 0.5x -0.3x Important: Debt figure and leverage r
Slide 4: Sales: Year over Year Change
SALES YEAR OVER YEAR CHANGE EUR million 1.400 +17.4% +18.6% -1.2% YoY 1.200 1,194.1 1.000 1,017.0 800 600 9M 2022 Change FX 9M 2023 at constant currency 4
Slide 5: EBITDA: Year over Year Change
EBITDA YEAR OVER YEAR CHANGE EUR million 400 +98.6% +100.1% -1.5% YoY 300 315.6 200 100 158.9 0 9M 2022 Change FX 9M 2023 at constant currency 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 30% 27.6% 26.4% 20% 15.6% 10% 0% 9M 2021 9M 2022 9M 2023 6
Slide 7: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION YEAR-TO-DATE TO SEPTEMBER 2023 EUR million / as percentage of sales 350 26.4% 300 315.6 250 -9.9% 200 150 -9.0% 100 7.5% 89.6 50 0 EBITDA Capex WC & Others FCF 7
Slide 8: Net Debt
NET DEBT QUARTERLY EVOLUTION, SINCE SEPTEMBER 2022 EUR million and times EBITDA 500 3,0x 400 *Acquisition of The Park and minority 316 stake In Vidroporto for a total amount of EUR 92.7 million 2,0x 300 284 209 200 167 165 * 1,0x 0.9x 100 0.8x 0.8x 0.6x 0.5x 0 0,0x Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Slide 9: 9M 2023 Results: Main Highlights
9M 2023 RESULTS | Main highlights TOP-LINE GROWTH OF 18.6% Sales during the first nine months 2023 amounted to EUR 1,194.1 million, showing a growth of 18.6% on a constant currency basis OPERATING MARGIN OF 26.4% Operating profit, EBITDA, was EUR 315.6 million representing an operating margin of 26.
Slide 10: FY 2023 Outlook, Reiterated
FY 2023 OUTLOOK, REITERATED Sustained double-digit revenue growth driven by price/mix effect, Sales variation despite progressively lower contribution mostly due to higher comparable base. EBITDA margin consolidated at levels above 25% over sales, EBITDA margin supported on benefits from recent inve
Slide 11: 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 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 ‘000 9M 2023 9M 2022 Source of data Profit before income tax from continuing operations 236,386 95,997 Consolidated Income Statement Amortisation and depreciation +76,848 +65,194 Consolidated Income Statement Finance income -5,396 -1,035 C
Slide 14: Annex: Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) iii) Free Cash Flow EUR ‘000 9M 2023 9M 2022 Source of data Year-over-year change in net debt balances -41,711 -68,466 Consolidated Balance Sheets Dividends paid +37,551 +34,607 Consolidated Statements of Cash Flows Annual General Meeting attendance bon
Slide 15: Vidrala Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com