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

  1. Slide 1: 1Q23 Results

    1Q23 Results APRIL 2023 ©Nemak | Public

  2. Slide 2: Agenda

    Agenda • 1Q23 Highlights • Financial Overview Armando Tamez Alberto Sada Adrián Althoff CEO CFO IR Officer ©Nemak | Public

  3. 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

  4. 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

  5. Slide 5: Improved results on a y-o-y basis

    Improved results on a y-o-y basis • Revenue +11% • EBITDA +15% ©Nemak | Public

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. Slide 11: Financial Results

    Financial Results ©Nemak | Public

  12. 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

  13. 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

  14. Slide 14: Volume increased by 8% in 1Q23

    Volume increased by 8% in 1Q23 • Higher customer production • New product launches ©Nemak | Public

  15. 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

  16. 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

  17. Slide 17: Operating Income in 1Q23 was US$49 M

    Operating Income in 1Q23 was US$49 M ©Nemak | Public

  18. 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

  19. Slide 19: USD reporting effective Jan. 1, 2023

    USD reporting effective Jan. 1, 2023 ©Nemak | Public

  20. 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

  21. 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

  22. 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

  23. 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

  24. Slide 24: Q&A

    Q&A ©Nemak | Public

  25. Slide 25: For more information contact us

    For more information contact us at: investors.Nemak.com investor@Nemak.com ©Nemak | Public

Nemak — Q1 2023 Earnings Presentation on 6ix