Vidrala Sa · BME:VID
Vidrala Sa — Q1 2026 Earnings Presentation
15 slides from Vidrala Sa's earnings presentation, Apr 29, 2026
Slide 1: Q1 2026 Results
Q1 2026 RESULTS 29th APRIL 2026
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: Q1 2026 Key Figures
Q1 2026 KEY FIGURES Q1 2026 Change Change reported organic1 Sales (EUR million) 367.5 -1.3% -4.7% EBITDA (EUR million) 104.0 -0.6% -2.1% Earnings Per Share (EUR) 1.53 +13.3% Debt (EUR million)2 273.1 -5.6% Debt / LTM EBITDA (multiple)2 0.6x -0.1x 1. Organic change reflects the variation at constant
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million +4.9% -4.7% -6.0% 400 -1.3% YoY 390.9 372.5 367.5 300 200 100 0 Q1 2025 Scope Q1 2025 Organic FX Q1 2026 change proforma change effect Scope change reflects the proforma contribution of Chile in 2025. 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 125 -3.0% +2.5% -2.1% -0.9% YoY 100 107.2 104.6 104.0 75 50 25 0 Q1 2025 Scope Q1 2025 Organic FX Q1 2026 change proforma change effect Scope change reflects the proforma contribution of Chile in 2025. 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 35% 28.1% 28.3% 25% 15% +22 bps +86 bps on a proforma basis 5% Q1 2025 Q1 2026 reported reported 6
Slide 7: Main Figures, by Business Unit
MAIN FIGURES, BY BUSINESS UNIT CURRENT PERIMETER, INCLUDING THE CONTRIBUTION OF CHILE IN 2025 EUR million SALES EBITDA Europe UK & Ireland South America Europe UK & Ireland South America 65 22 27 +25% 73 +13% 138 29 120 -13% 25 -13% 188 57 52 -9% 175 -7% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 avera
Slide 8: Net Debt
NET DEBT YEAR OVER YEAR EVOLUTION, SINCE 2022 EUR million and times EBITDA 600 6,0x 530 400 4,0x 316 289 273 Acquisition of Chile 200 2,0x EUR 75 million 126 1.2x 0.9x 0.7x 0.6x 0.6x 0 0,0x Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Debt figure and leverage ratio do not include the effect of IFRS 16 Leases.
Slide 9: Q1 2026 Results | Main Highlights
Q1 2026 RESULTS | Main highlights OPERATING MARGIN OF 28.3% Operating profit, EBITDA, amounted to EUR 104.0 million, representing an operating margin of 28.3% ROBUST FINANCIAL POSITION Net debt as of March 31, 2026 stood at EUR 273.1 million, equivalent to 0.6 times last twelve months proforma EBITD
Slide 10: Chile | General Overview
CHILE | General Overview Manufacturing facilities in Maipú. FY 2025 CLP million EUR million Sales 79,915 ≈75 EBITDA 13,216 ≈12 Margin 16.5% 16.5% A CONSOLIDATED MARKET STRUCTURE WITH THE POTENTIAL TO BECOME THE MOST COMPETITIVE PLAYER 10
Slide 11: South America | Strategic Rationale
SOUTH AMERICA | Strategic Rationale SOUTH AMERICA, AS A CORE REGION Acquiring a well-known asset with strong integration readiness, supported by an established technical collaboration track record and low execution risk Driving value creation through operational improvement, with clear margin upside
Slide 12: South America | Market Dynamics
SOUTH AMERICA | Market Dynamics SOUTH AMERICA, AS A CORE REGION GLASS PACKAGING Competitive Commercial DEMAND (F&B) Landscape Synergies Market shares, Market shares, by player by customer CAGR 2025-30 +4.5% Global Player #1 Global Customer #1 Global Player #2 Global Customer #2 Vidrala Wine Global C
Slide 13: Vidrala Group | Resulting Figures
VIDRALA GROUP | Resulting Figures FY 2025 PROFORMA FIGURES SALES EBITDA Europe UK & Ireland South America Europe UK & Ireland South America 16% 19% 1,540 46% 453 EUR million EUR million 51% 37% 30% ROBUST RESULTING FINANCIAL POSITION LEVERAGE PRESERVED BELOW 0.4x PROFORMA EBITDA 13
Slide 14: FY 2026 Outlook
FY 2026 OUTLOOK EBITDA EUR >450 million Consolidating operating profits and margins, supported by internal actions, despite challenging macro conditions and intense competition Resilient outlook1 Earnings Per Share (EPS) in a >5% growth challenging Delivering earnings growth underpinned by strong op
Slide 15: Vidrala, S.A. Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com