Sonae Indústria S.G.P.S — Sonae Indústria — Q1 2015 Earnings Presentation
10 slides from Sonae Indústria S.G.P.S's earnings presentation, May 8, 2015
Slide 1: 1Q15 Results
SONAE INDÚSTRIA 1Q15 Results Investors and Analysts Conference Call 8 May 2015 1
Slide 2: Strategy execution
SONAE INDÚSTRIA Strategy execution • Sale of Ussel (France) and Betanzos (Spain) plants completed • Launch of Innovus Coloured MDF 2
Slide 3: Highlights of 1Q15 results
SONAE INDÚSTRIA Highlights of 1Q15 results LTM Recurrent EBITDA Million € +17M€ • LTM Recurrent 105 101 EBITDA of 100 95 93 96 101M€ 90 • 17M€ up on 87 88 90 85 84 87 80 83 80 75 70 74 78 last year 65 60 FY13 1Q14 1H14 9M14 FY14 1Q15 LTM Recurrent EBITDA LTM Recurrent EBITDA (continued operations) 3
Slide 4: Recurrent EBITDA margin
SONAE INDÚSTRIA Highlights of 1Q15 results Recurrent EBITDA margin % Turnover +2.3 pp • Recurrent 12.0% EBITDA margin 11.0% 10.0% 10.3% 10.7% 9.6% 9.6% of 9.6% 9.0% 8.0% 7.0% 7.3% 6.0% 5.0% 4.0% 1Q14 2Q14 3Q14 4Q14 1Q15 2013 R & 2014 R: Considering France operations, Betanzos and Pontecaldelas plant
Slide 5: LTM Recurrent EBITDA
SONAE INDÚSTRIA Highlights of 1Q15 results LTM Recurrent EBITDA Million € • Driven by 45 40 improved 35 results in all 30 25 operations, 20 YoY 15 10 FY13 1Q14 1H14 9M14 FY14 1Q15 Northern Europe Southern Europe Rest of the World Southern Europe: Values for “continued operations”. 5
Slide 6: Fixed Costs in % of turnover
SONAE INDÚSTRIA Highlights of 1Q15 results Fixed Costs in % of turnover % • And reduced 22.0% 21.0% fixed costs, 20.0% 19.0% impacted by 18.0% 17.0% 19% on-going 16.0% streamline of 15.0% 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 support costs Total Fixed Costs (continued operations) Recurrent Fixed Costs (cont
Slide 7: Contributions to Net results
SONAE INDÚSTRIA Highlights of 1Q15 results Contributions to Net results Million € Net loss 1Q14 (27) • Leading to Recurrent EBITDA +5.5 Improved results from operations significantly Non recurrent Items Depreciation and amortisation reduced net Provisions and impairment Losses losses, Net financial
Slide 8: Net Debt and Leverage
SONAE INDÚSTRIA Highlights of 1Q15 results Net Debt and Leverage Million € -104M€ • Net Debt 750 675 701 696 689 9.0 x reduction, YoY, 700 with lower 8.5 x 650 8.4 x 8.0 x 597 600 7.9 x 564 597 550 500 7.8 x 7.4 x 7.5 x 7.0 x average cost 450 400 5.9x 6.5 x 6.0 x of debt 5.9 x 5.9 x 5.5 x 350 300 5.
Slide 9: Scheduled loan repayments
SONAE INDÚSTRIA Highlights of 1Q15 results Scheduled loan repayments* as of 31 March 2015 Million € 160 150 140 116 120 107 100 80 60 53 40 20 12 11 13 13 11 0 1H15 2H15 1H16 2H16 1H17 2H17 2018 2019 ≥ 2020 *Does not include securitization, factoring and short term facilities. 9
Slide 10: 1Q15 Results
SONAE INDÚSTRIA 1Q15 Results Investors and Analysts Conference Call Investor and analysts contacts: António Castro Sílvia Saraiva Phone: (+351) 220 100 655 investor.relations@sonaeindustria.com 10