Vidrala Sa · BME:VID
Vidrala Sa — FY2020 Earnings Presentation
14 slides from Vidrala Sa's earnings presentation, Feb 26, 2021
Slide 1: FY 2020 Results
FY 2020 RESULTS 26TH FEBRUARY 2021
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: FY 2020 Key Figures
FY 2020 KEY FIGURES - FY 2020 Change Organic change (constant currency basis) Net sales (EUR million) 988.4 -2.2% -1.7% EBITDA (EUR million) 279.8 +1.9% +2.5% Earnings per share (EUR/share) 5.62 +12.0% 233.5 -30.3% Debt (EUR million) 0.8x -0.4x Debt / LTM EBITDA (multiple) 3
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million 1.100 -1.7% -0.5% -2.2% 1.000 1,010.8 988.4 900 800 700 600 FY 2019 Organic FX FY 2020 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 300 +2.5% -0.6% +1.9% 275 274.6 279.8 250 225 200 175 150 FY 2019 Organic FX FY 2020
Slide 6: Operating Margins
OPERATING MARGINS YEAR OVER YEAR CHANGE As percentage of sales 30% 28.3% 28% 27.2% +114 bps 26% 24% 22% FY 2019 FY 2020
Slide 7: Earnings
EARNINGS YEAR OVER YEAR, LAST FIVE YEARS, SINCE 2016 EUR per share 7,5 +12.0% 5.62 5.02 5,0 2,5 0,0 2016 2017 2018 2019 2020
Slide 8: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION IN 2020 EUR million / as percentage of sales 350 300 28.3% 250 279.8 -13.6% 200 -0.5% 14.2% 150 100 140.0 50 0 EBITDA Capex WC & Others FCF
Slide 9: Debt
DEBT SIX-MONTHLY EVOLUTION, SINCE 2018 Debt in EUR million and times EBITDA 600 2,0x 1.7x 500 1.6x 1,5x 400 1.2x 1.1x 300 0.8x 1,0x 200 411 402 335 0,5x 294 100 233 0 0,0x Dec-18 Jun-19 Dec-19 Jun-20 Dec-20
Slide 10: FY 2020 Main Highlights
FY 2020 MAIN HIGHLIGHTS RESILIENCE AMID THE PANDEMIC 2020 ORGANIC TOP-LINE DECLINE OF -1.7% SOLID POSITIONING FOR THE RECOVERY 2020 OPERATING MARGINS OF 28.3% COMMITTED TO OUR LONG-TERM PRINCIPLES 2020 CASH > 14% OF SALES, DELEVERAGING MAIN USE INVESTING FOR OUR FUTURE 2020 CAPEX > 13% OF SALES Inve
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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 million FY 2020 FY 2019 Source of data Profit before income tax from continuing operations 189,166 165,980 Consolidated Income Statement Amortisation and depreciation +84,144 +91,088 Consolidated Income Statement Finance income -1,746 -1,0
Slide 14: Responsible
RESPONSIBLE CONSUMER CONSUMPTION COLLECTION THE JOURNEY OF A RECYCLED PACKAGING RECYCLING PRODUCTION asecreleg PON So INFINITE — CYCLE "edced bh vidrala