Slide 1: Presentation of Second Quarter 2015 Results
Presentation of Second Quarter 2015 Results September 2, 2015
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for use at this presentation of our results for the quarter ended June 30, 2015. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presentatio
Slide 3: Presentation of Second Quarter 2015 Results
Presentation of Second Quarter 2015 Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of Corporate Development
Slide 4: Highlights of Q2 2015
Highlights of Q2 2015 • Good overall trend from prior quarters continued into Q2 2015 • Revenue grew 12.4% vs Q2 2014 to € 1.76 billion in Q2 2015 • Project ramp-ups and volume increases supported a favorable growth trend compared to 2014; FX also continued to provide a tailwind • North America cont
Slide 5: Revenue (€ Millions) – 1/3
Q2 2015 – Revenue (€ Millions) – 1/3 TOTAL REVENUE Consolidated revenue increased by 12.4%, to € 1,760 million in the second quarter of 2015 compared to sales of €1,565 million in Q2 1.760 2014 1.565 Sales increased € 57 million in 12.4% Asia, € 96 million in North America and € 62 million in 1.
Slide 6: Revenue (€ Millions) – 2/3
Q2 2015 – Revenue (€ Millions) – 2/3 EASTERN EUROPE Sales in Eastern Europe declined by € 8 million, or 4.2% Russian Ruble devaluation had 177 169 the greatest impact on reported results, as growth in Eastern Europe would have been roughly flat at constant FX -4.2% -4.2% Q2 2014 Q2 2015 Growth M
Slide 7: Revenue (€ Millions) – 3/3
Q2 2015 – Revenue (€ Millions) – 3/3 SOUTH AMERICA Sales decline of 9.7%, or € 14 million, in Q2 was less than the fall in market production 142 128 Declines in Brazil were partially mitigated by an increase in -16.6% sales in Argentina -9.7% Q2 2014 Q2 2015 Growth Market Growth (*) Growth at co
Slide 8: EBITDA (€ Millions)
Q2 2015 – EBITDA (€ Millions) Q2 2015 EBITDA EBITDA Margin +15.7% 188 10.6% 10.7% 10.4%10.5% 10.3% 10.4% 163 Q2 2014 Q2 2015 FY FY Q1 Q1 Q2 Q2 Growth at constant FX: 9.2%: 2013 2014 2014 2015 2014 2015 Consolidated EBITDA increased by 15.7% to € 188.3 million in Q2 2015 compared to EBITDA of € 162
Slide 9: Investments in Fixed Assets
Q2 2015 – Investments in Fixed Assets Second Quarter YTD June 30, 2014 2015 2014 2015 (Millions of Euros) (Millions of Euros) Capital expenditures Intangible assets 21.0 35.8 34.1 51.4 Tangible assets 84.9 127.5 161.2 213.3 Total 105.9 163.3 195.3 264.7 Net payments on investments Intangible assets
Slide 10: Net Financial Debt
Q2 2015 – Net Financial Debt Net Debt (€ Millions) June 30, December 31, June 30, 2014 2014 2015 Interest bearing loans and borrowings 1.711,3 1.764,8 1.833,8 Financial leasing 28,0 28,6 36,0 Borrowings from associated companies 211,7 99,4 100,3 Other financial debts 83,2 76,7 54,2 Total Financial D
Slide 11: Closing thoughts and outlook
Closing thoughts and outlook Good 1H results reflect robust North American and Asian markets, also on a constant FX basis, with W. Europe supporting growth Growth by Geography - June YTD € million Growth at YTD 2015 YTD 2014 Growth Constant FX Western Europe € 1,803.5 € 1,674.3 7.7% 5.6% Eastern E
Slide 12: Chattanooga Macro Project – VW B-SUV (1/2)
Chattanooga Macro Project – VW B-SUV (1/2) Announcement in Q2 of the macro-project nomination in Chattanooga to support VW’s new SUV for North America is an example of this trend • Customer: VW of Chattanooga Class A Award Structural award Chassis Award • Vehicle: VW416 / B-SUV 24 Ship Items 2
Slide 13: Chattanooga Macro Project – VW B-SUV (2/2)
Chattanooga Macro Project – VW B-SUV (2/2) Less than 10 years after entering US market, Nafta is now Gestamp’s third largest market after Germany and Spain, generating over $1.25 billion in revenue in 2014 Gestamp is already a strategic partner of key OEMs operating in Nafta, including American,