Orbia Advance Corp. Sab De Cv · BMV:ORBIA
Orbia Advance Corp. Sab De Cv — Orbia — Q4 2020 Earnings Presentation
17 slides from Orbia Advance Corp. Sab De Cv's earnings presentation, Feb 25, 2021
Slide 1: Q4 2020 Earnings Call
Orbia Q4 2020 Earnings Call February 25, 2021
Slide 2: Safe Harbor
Safe Harbor In addition to historical information, this presentation contains "forward-looking" statements that reflect management's expectations for the future. The words “anticipate,” “believe,” “expect,” “hope,” “have the intention of,” “might,” “plan,” “should” and similar expressions generally
Slide 3: Sameer Bharadwaj, Our Newly Appointed CEO
Sameer Bharadwaj, Our Newly Appointed CEO 2021: Appointed President and CEO 2016: Joined Orbia with 20+ years of leadership experience in breakthrough innovation, operational excellence, and talent development across the advanced materials, technology, energy, and pharmaceutical industries 2016-21:
Slide 4: Strong Showing in 2020 and Well Positioned to Deliver Results in 2021
Strong Showing in 2020 and Well Positioned to Deliver Results in 2021 Adapted quickly and increased connectivity 01 with our customers, which delivered stellar results 2020 Financial Performance including strong earnings recovery, margin expansion and free cash flow generation REVENUE EBITDA $6.4 Bi
Slide 5: Q4 Financial Highlights: Solid Performance with Significant Margin Expansion
Q4 Financial Highlights: Solid Performance with Significant Margin Expansion and Robust Cash Generation REVENUE EBITDA EBITDA MARGIN FREE CASH FLOW Better-than-expected top-line Strong EBITDA performance Meaningful margin expansion Delivered robust FCF $1.7 Billion $383 Million 22.0% $304 Million In
Slide 6: Strong Quarterly Performance Led by Vestolit and Wavin
Strong Quarterly Performance Led by Vestolit and Wavin In $Millions Fourth Quarter Revenues Flat +9% +12% -3% +12% $269 $270 $176 $582 $617 $162 $187 $521 $182 $549 4Q19 4Q20 4Q19 4Q20 4Q19 4Q20 4Q19 4Q20 4Q19 4Q20 Fourth Quarter EBITDA & Margin +8% Flat +69% -23% +86% $53 $49 $88 $158 $34 $34 $75 $
Slide 7: Robust Cash Generation and Free Cash Flow
Robust Cash Generation and Free Cash Flow Operating Cash Flow ($M) Fourth Quarter Full Year Balance Sheet ($M, 12/31/2020) Debt Profile ($M, 12/31/2020) $871 $390 $766 Cash / Cash Equivalents 875 Gross Debt 3,626 $312 Accounts Receivable 1,093 Less Cash 875 Inventory 861 Net Debt 2,751 4Q19 4Q20 201
Slide 8: Strategy Update: Operating with a Common Purpose
Strategy Update: Operating with a Common Purpose – To Advance Life Around The World Strengthening and expanding our market leadership through innovation and initiatives that bring us closer to our customers and that result in our customers valuing us more Continue to execute our work to Making signi
Slide 9: Significant Achievements Against Our ESG Initiatives
Significant Achievements Against Our ESG Initiatives Environmental Social Governance • Climate Change score in Carbon Disclosure Project • Support our people and families around the world in • Introduced a new ESG modifier into senior (CDP) improved significantly to B (Management level) getting thro
Slide 10: Global Business Trends and Outlook
Global Business Trends and Outlook Strong demand recovery in North America and Europe Introducing 2021 Guidance 4% to 7% increase compared EBITDA to 2020 CAPEX $350 to $400 million LatAm recovery also under Rebound in China and India way Well Positioned to Benefit from Recovery in 2021 Earnings Pres
Slide 11: Closing Remarks
Closing Remarks 01 02 03 2020 was a year of strong execution by the We made significant strides in positioning Orbia to While the extent of the economic impact of COVID is businesses as we navigated the challenges associated capture greater success and as we enter 2021, we still uncertain, we are at
Slide 12: Appendix
Appendix
Slide 13: 2020 Business Group Financial Results ($M)
2020 Business Group Financial Results ($M) Full Year 2020 Revenues -9% -2% -8% -13% -7% $2,239 $2,334 $1,063 $805 $972 $749 $732 $2,071 $698 $2,171 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 Full Year 2020 EBITDA & Margin +1% +16% -3% -22% +4% $179 $181 $173 $269 $325 $462 $261 $254 $443 $149
Slide 14: P&L Fourth Quarter
P&L USD in millions Fourth Quarter January - Dec ember Inc ome Statement 2020 2019 % 2020 2019 % Net sales 1,742 1,636 6% 6,420 6,987 -8% Cost of sales 1,200 1,176 2% 4,574 5,029 -9% Gross profit 542 460 18% 1,846 1,958 -6% Operating expenses 342 305 12% 1,126 1,135 -1% Operating income (loss) 201 1
Slide 15: Balance Sheet
Balance Sheet Balanc e sheet USD in millions 2020 2019 Total assets 10,211 10,057 Current assets 3,156 2,852 Cash and temporary investments 875 586 Receivables 1,093 1,158 Inventories 861 834 Others current assets 326 274 Non c urrent assets 7,055 7,205 Property, plant and equipment, Net 3,186 3,349
Slide 16: Cash Flow Statement
Cash Flow Statement mm US$ Fourth quarter January - Dec ember Cash Flow 2020 2019 %Var. 2020 2019 % Var. EBITDA 383 294 30.3% 1,318 1,365 -3.4% Taxes paid, net (85) (52) 63.5% (263) (233) 12.9% Net interest / Bank c ommissions (18) (28) -35.7% (196) (261) -24.9% Change in trade working c apital 89 1
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