Slide 1: Third Quarter 2010 Results
Third Quarter 2010 Results 12 November 2010
Slide 2: Aviso Legal
Aviso Legal El presente documento tiene carácter puramente informativo y no constituye una oferta de venta, de canje o de adquisición, ni una invitación a formular ofertas de compra, sobre valores emitidos por ninguna de las sociedades mencionadas. La presente información financiera ha sido elaborad
Slide 3: Results 3Q2010 – Highlights
Results 3Q2010 – Highlights Key magnitudes Sep 09 Sep 10 Evol. €M YTD YTD • Sales growth of 4.4% at the closing of a positive campaign with Sales 460,7 481,0 4,4% good performance of Pool, Irrigation and Water Treatment business EBITDA 50,7 65,0 28,3% •Excellent EBITDA increase driven by Sales and G
Slide 4: Results 3Q2010 – P&L
Results 3Q2010 – P&L September 2009 YTD September 2010 YTD €M % sales €M % sales Evol.10/09 Sales 460,7 100,0% 481,0 100,0% 4,4% Gross Margin 220,1 47,8% 237,9 49,5% 8,1% Opex before Dep.& Amort. 161,0 34,9% 167,7 34,9% 4,1% Provisions for bad debt 8,4 1,8% 5,2 1,1% -37,5% EBITDA 50,7 11,0% 65,0 13,
Slide 5: Results 3Q2010 – Third Quarter stand alone
Results 3Q2010 – Third Quarter stand alone 3Q 2009 3Q 2010 €M % sales €M % sales Evol.10/09 Sales 140,7 100,0% 145,5 100,0% 3,4% Gross Margin 65,7 46,7% 70,9 48,8% 8,0% EBITDA 12,8 9,1% 15,6 10,8% 22,5% Net Profit 1,1 0,8% 3,5 2,4% _ • Sales grow 3.4% in the third quarter, which is the one that suff
Slide 6: Key Magnitudes by Division
Results 3Q2010 – Key Magnitudes by Division Sales (*) EBITDA 2009 YTD 2010 YTD Evol. % 2009 YTD 2010 YTD Evol. % €M SWE 263,8 265,4 0,6% 13,6 19,5 43,4% NEEMEA 79,4 81,2 8,5% 8,8 9,4 7,0% AAP 60,1 75,8 26,2% 4,8 7,5 55,9% Industrial 215,5 238,8 10,8% 30,5 46,4 52,5% TOTAL, Consolidated 460,7 481,0 4
Slide 7: Sales Evolution by Geographical Area
Results 3Q2010 - Sales Evolution by Geographical Area Fluidra Sales by Geographical Area Evolution 2009 YTD % 2010 YTD % €M 10/09 Spain 125,2 27,2% 131,0 27,2% 4,6% South Europe - Rest 175,2 38,0% 174,1 36,2% -0,6% Western & Northern Europe 67,4 14,6% 69,4 14,4% 2,9% Eastern Europe 18,3 4,0% 19,4 4,
Slide 8: Sales by Business Unit
Results 3Q2010 – Sales by Business Unit 2009 YTD % of Total 2010 YTD % of Total Evolution % €M Pool (1) 312,8 67,9% 327,7 68,1% 4,8% - Private 264,5 57,4% 276,9 57,6% 4,7% - Commercial 48,2 10,5% 50,8 10,6% 5,4% (1) Water Treatment 85,8 18,6% 90,9 18,9% 5,9% Irrigation 23,1 5,0% 24,0 5,0% 4,1% Fluid
Slide 9: Net Working Capital
Results 3Q2010 – Net Working Capital September YTD Evol. 2009 2010 Net Working Capital €M 10/09 215,6 - 0,4% 214,7 Stocks 131,4 136,1 3,6% Accounts Receivable 196,6 197,1 0,3% Accounts Payable 112,4 118,5 5,5% Net Working Capital 215,6 214,7 -0,4% 1 2 September 2009 September 2010 • Net Working Capi
Slide 10: Net Financial Debt and Free Cash Flow
Results 3Q2010 – Net Financial Debt and Free Cash Flow September YTD Net Financial Debt 2009 2010 €M 197,5 - 13,2% Net income 4,3 24,1 171,5 Depreciation (+) 23,4 24,3 Increase (-) / Decrease (+) NWC 12,4 -34,7 Capex -9,8 -11,2 Free Cash Flow 30,2 2,5 1 2 September 2009 September 2010 • Net Financia
Slide 11: 3Q outstanding news
Results 3Q2010 – 3Q outstanding news • Fluidra has won a contract in Malaysia to develop a Water Treatment plant in a stainless steel plant , which is 4.4 millions of Euros worth. Astramatic, the engineering company specialized in Water Treatment at Fluidra Group is in charge of the project design •
Slide 12: Summary
Results 3Q2010 – Summary • Year to date financial performance confirms that Fluidra has overcome the downturn of the global economy, and its now ready to start a new development phase. Good business performance in our key markets and the return to pre-crisis profitability levels allows the company t