Gestamp Automocion S.a. · BME:GEST

Gestamp Automocion — Q1 2015 Earnings Presentation

13 slides from Gestamp Automocion's earnings presentation, May 28, 2015

  1. Slide 1: Presentation of First Quarter 2015 Results

    Presentation of First Quarter 2015 Results May 28, 2015

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared solely for use at this presentation of our results for the quarter ended March 31, 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 presentati

  3. Slide 3: Presentation of First Quarter 2015 Results

    Presentation of First Quarter 2015 Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of Corporate Development

  4. Slide 4: Highlights of Q1 2015

    Highlights of Q1 2015 • Good overall trend from year end 2014 continuing into start of 2015 • Revenue grew 15% vs Q1 2014 to € 1.71 billion in Q1 2015 • Project ramp-ups and volume increases are supporting favorable growth trend compared to 2014; FX also providing a tailwind • Strong momentum contin

  5. Slide 5: Q1 2015 – Revenue (€ Millions) – 1/3

    Q1 2015 – Revenue (€ Millions) – 1/3 TOTAL REVENUE  Consolidated revenue increased by € 223 million, or 15.0%, to € 1,709 million in the first quarter of 2015 compared to sales of 1.709 €1,486 million in Q1 2014 1.486  Sales increased € 77 million in 15.0% Asia, € 77 million in North America, € 67

  6. Slide 6: Q1 2015 – Revenue (€ Millions) – 2/3

    Q1 2015 – Revenue (€ Millions) – 2/3 EASTERN EUROPE  Sales in Eastern Europe grew in all markets except Russia, with particularly strong growth in Turkey driven by new project 167 179 ramp-ups  Overall growth in the region of almost 7% was achieved 6.8% despite volume declines and FX 3.6% headwind

  7. Slide 7: Q1 2015 – Revenue (€ Millions) – 3/3

    Q1 2015 – Revenue (€ Millions) – 3/3 SOUTH AMERICA  Gestamp is holding its ground in Mercosur despite difficult market conditions 128 120  Sales declines of 6% were experienced in the context of a decrease of 15% in regional -15.0% production volumes -6.2% Q1 2014 Q1 2015 Growth Market Growth (*)

  8. Slide 8: Q1 2015 – EBITDA (€ Millions)

    Q1 2015 – EBITDA (€ Millions) Q1 2015 EBITDA EBITDA (%) 18,2% 182 11.5% 11.0% 154 10.4% 10.5% 10.3% 10.6% Q1 2014 Q1 2015 FY FY Q4 Q4 Q1 Q1 Growth at constant FX: 11.0%: 2013 2014 2013 2014 2014 2015  Consolidated EBITDA increased by 18.2% to € 181.6 million in Q1 2015 compared to EBITDA of € 153.7

  9. Slide 9: Q1 2015 – Investments in Fixed Assets

    Q1 2015 – Investments in Fixed Assets First Quarter 2014 2015 (Millions of Euros) Capital expenditures  Capital expenditure in Q1 2015 Intangible assets 13.1 15.6 was €101 million, or €12 million Tangible assets 76.3 85.8 more than in Q1 2014 Total 89.4 101.4  Net payments on investments Net payme

  10. Slide 10: Q1 2015 – Net Financial Debt and Liquidity

    Q1 2015 – Net Financial Debt and Liquidity Net Debt (€ Millions) March 31, December 31, March 31, 2014 2014 2015 Interest bearing loans and borrowings 1,789.0 1,764.8 1,913.2 Financial leasing 28.1 28.6 31.1 Borrowings from associated companies 209.0 99.4 100.2 Other financial debts 86.8 76.7 56.0 T

  11. Slide 11: Closing thoughts and outlook

    Closing thoughts and outlook • Investments in new projects over recent years are showing positive results in current performance • Despite sharp volume contraction in Brazil and Russia, Gestamp is experiencing strong growth based on project ramp-ups and geographic mix • Pick-up in capex in 2015 is d

  12. Slide 12: Recent “Gestamp Tech Shows” in Japan and China

    Recent “Gestamp Tech Shows” in Japan and China • Gestamp routinely showcases its R&D capabilities to its clients in several countries around the world  Japan and China have been the focus of Gestamp Tech Shows in recent months • Successful events with hundreds of participants from key OEMs  Increa

  13. Slide 13: Chassis Innovation Center in Germany

    Chassis Innovation Center in Germany • Recent inauguration of new R&D center, in Bielefeld • Top executives of German OEMs attended opening ceremony • New tech center focused on chassis is a demonstration of Gestamp’s investment in R&D and commitment to supporting its clients’s engineering centers ©

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