Vidrala Sa · BME:VID
Vidrala Sa — Q1 2023 Earnings Presentation
14 slides from Vidrala Sa's earnings presentation, Apr 27, 2023
Slide 1: Q1 2023 Results
Q1 2023 RESULTS 27th APRIL 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: Q1 2023 Key Figures
Q1 2023 KEY FIGURES Q1 2023 Change Change at constant currency basis Sales (EUR million) 377.9 +35.5% +38.3% EBITDA (EUR million) 100.7 +332.6% +339.3% Earnings per share (EUR) 1.91 +7,819% Debt (EUR million) 315.7 +150.4% Debt / LTM EBITDA (multiple) 0.9x +0.3x *Important: Debt figure and leverage
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million 450 +35.5% YoY +38.3% -2.8% 375 300 377.9 225 278.9 150 75 0 Q1 2022 Change Organic FX Q1 2023 at constant currency basis 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 125 +332.6% +339.3% -6.7% YoY 100 100.7 75 50 25 23.3 0 Q1 2022 Change Organic FX Q1 2023 at constant currency basis 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 30% 26.6% +1,830 bps 20% 10% 8.3% 0% Q1 2022 Q1 2023 6
Slide 7: Margin Trend Overview
MARGIN TREND OVERVIEW EBITDA MARGINS (LTM) As percentage of sales, on a last twelve months (LTM) basis 30% 28,8% 29,4% 28,6% 24,7% 24,1% 20% 20,3% 20,1% 19,1% 15,6% 10% 0% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 7
Slide 8: Net Debt
NET DEBT YEAR OVER YEAR EVOLUTION, SINCE 2019 EUR million and times EBITDA 600 4,0x 500 426 3,0x 400 313 Acquisition of The Park and minority 316 300 stake in Vidroporto for a total amount of 2,0x EUR 88.4 million 1.7x 210 200 126 1,0x 1.1x 100 0.9x 0.7x 0.6x 0 0,0x Mar-19 Mar-20 Mar-21 Mar-22 Mar-2
Slide 9: Q1 2023 Results | Main highlights
Q1 2023 RESULTS | Main highlights TOP-LINE GROWTH OF 35.5% Sales during the first three months 2023 amounted to EUR 377.9 million, showing a growth of 38.3% at constant currency OPERATING MARGIN OF 26.6% Operating profit, EBITDA, was EUR 100.7 million representing an operating margin of 26.6% LEVERA
Slide 10: FY 2023 Outlook
FY 2023 OUTLOOK Actuals Last Twelve Months FY 2023 FY 2022 as of March 2023 Trends Sustained double-digit revenue growth driven by Sales +23.9% YoY +29.5% YoY price/mix effect, despite progressively lower variation organic organic contribution mostly due to higher comparable base. EBITDA margin cons
Slide 11: Responsible consumption: 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 Q1 2023 Q1 2022 Source of data Profit before income tax from continuing operations 74,082 362 Consolidated Income Statement Amortisation and depreciation +25,837 +21,878 Consolidated Income Statement Finance income -1,386 -38 Consolid
Slide 14: Vidrala, S.A. Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com