Nemak SAB de CV · BMV:NEMAK/A
Nemak SAB de CV — Q1 2023 Earnings Presentation
25 slides from Nemak SAB de CV's earnings presentation, April 2023
Slide 1: 1Q23 Results
1Q23 Results APRIL 2023 ©Nemak | Public
Slide 2: Agenda
Agenda • 1Q23 Highlights • Financial Overview Armando Tamez Alberto Sada Adrián Althoff CEO CFO IR Officer ©Nemak | Public
Slide 3: Forward-Looking Statement
This presentation contains forward-looking information based on numerous variables and assumptions that are inherently uncertain. They FORWARD- involve judgments with respect to, among other LOOKING things, future economic, competitive and financial market conditions and future business decisions, a
Slide 4: During 1Q23, we had positive business performance
During 1Q23, we had positive business performance • New product launches and increased customer production • Easing of semiconductor supply constraints • Addressing inflation effects with customers ©Nemak | Public
Slide 5: Improved results on a y-o-y basis
Improved results on a y-o-y basis • Revenue +11% • EBITDA +15% ©Nemak | Public
Slide 6: We initiated test production at our new facility in Mexico
We initiated test production at our new facility in Mexico and made progress toward setting up new facilities in Germany and Czech Republic ©Nemak | Public
Slide 7: We continued to invest in expanding battery housing production
We continued to invest in expanding battery housing production at our Electric Mobility Center in Mexico • We are leveraging our talent and expertise in design engineering and leading-edge joining and assembly processes ©Nemak | Public
Slide 8: New business award for US$30 M annually
New business award for US$30 M annually to produce complex housings for fully electric vehicles, growing EV/SC order book to US$1.63 B annually ©Nemak | Public
Slide 9: With a rating of A, we remained part of the CDP Leaderboard
With a rating of “A”, we remained part of the CDP’s Supplier Engagement Leaderboard Only 8% of the companies that report to the CDP are on this Leaderboard ©Nemak | Public
Slide 10: Quality and employer recognition during 1Q23
Quality and employer recognition during 1Q23 • “Excellent Supplier Award” from Changan Ford • “Outstanding Employer 2023” in China ©Nemak | Public
Slide 11: Financial Results
Financial Results ©Nemak | Public
Slide 12: Positive overall results on a sequential and y-o-y basis
Positive overall results on a sequential and y-o-y basis • New launches in the e-mobility, structure & chassis segment • Improved product mix • Customer negotiations ©Nemak | Public
Slide 13: Production recovery in certain regions amidst easing supply chain pressures
Production recovery in certain regions amidst easing supply chain pressures Vehicle SAAR (M Units) Vehicle Production (M Units) 35.0 8.0 7.0 30.0 26.2 China 5.6 6.0 25.0 5.0 20.0 4.4 Europe 4.0 15.7 15.0 3.8 15.3 3.0 10.0 USA 2.0 5.0 1.0 2.0 0.5 Brazil 0.0 - Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q1'22 Q2'22
Slide 14: Volume increased by 8% in 1Q23
Volume increased by 8% in 1Q23 • Higher customer production • New product launches ©Nemak | Public
Slide 15: Revenue and EBITDA were +11% and +15% y-o-y
Revenue and EBITDA were +11% and +15% y-o-y Revenue (US$ M) EBITDA (US$ M) +11% +15% 1,257 132 1,131 115 1Q22 1Q23 1Q22 1Q23 Eq. Vol Unitary 10.0 10.8 EBITDA 11.6 12.3 M units ©Nemak | Public
Slide 16: We continue to work with our customers to address inflation
We continue to work in tandem with our customers to address impacts of inflation ©Nemak | Public
Slide 17: Operating Income in 1Q23 was US$49 M
Operating Income in 1Q23 was US$49 M ©Nemak | Public
Slide 18: The net result in the quarter was a US$15 M loss
The net result in the quarter was a US$15 M loss, influenced by a foreign exchange loss ©Nemak | Public
Slide 19: USD reporting effective Jan. 1, 2023
USD reporting effective Jan. 1, 2023 ©Nemak | Public
Slide 20: We invested US$121 M, prioritizing e-mobility, structure & chassis
We invested US$121 M, prioritizing our e-mobility, structure & chassis segment ©Nemak | Public
Slide 21: Working capital was higher due to seasonal effects
Working capital was higher due to seasonal effects and normalization following last quarter’s reduction ©Nemak | Public
Slide 22: Net Debt was US$1.4 B, 15% higher sequentially
Net Debt was US$1.4 B, 15% higher sequentially • Net Debt-to-EBITDA and Interest Coverage Ratios were 2.5 times and 7.5 times, respectively. ©Nemak | Public
Slide 23: Summary of Regional Results
Revenues 1Q23 1Q22 % Var. North America 696 602 16 Europe 426 390 9 Summary of Rest of World Total 135 1,257 139 1,131 (3) 11 Regional Results EBITDA 1Q23 1Q22 % Var. North America 74 68 8 Europe 43 41 5 Rest of World 16 7 131 Total 132 115 15 ©Nemak | Public
Slide 24: Q&A
Q&A ©Nemak | Public
Slide 25: For more information contact us
For more information contact us at: investors.Nemak.com investor@Nemak.com ©Nemak | Public