Slide 1: Presentation of 2016 Full Year Results
Presentation of 2016 Full Year Results March 21, 2017 © Gestamp 2017
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for use at this presentation of our results as of and for the year ended December 31, 2016. 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
Slide 3: Today´s Presenters
Today´s Presenters • Francisco J. Riberas Mera, President & CEO • Francisco López Peña, Vice President & CFO • Richard Egües, Director of Corporate Development © Gestamp 2017 3
Slide 4: Introduction
Introduction • Despite another year of moderate global economic growth, marked by political instability and low oil prices, light vehicle production in our footprint grew by 5.7%(1) in 2016 – a growth rate higher than in recent years • China was the main growth driver of overall market development i
Slide 5: Gestamp Automoción: 2016 Revenue – 1/3
Gestamp Automoción: 2016 Revenue – 1/3 Considerations (In € MM) +7.3% Market Total Revenue 7.549 Market Production(1) 7.035 Production(1) • Consolidated revenue growth during 2016 7.6% 5.7% was 7.3%, or €514 MM Total +11.2% • At constant FX, growth was 12.3% Revenue 1.972 2.192 • Growth was based on
Slide 6: Gestamp Automoción: 2016 Revenue – 2/3
Gestamp Automoción: 2016 Revenue – 2/3 Considerations (In € MM) +30.1% Eastern Europe Market 859 Market Production(1) Production(1) • 30% increase in Eastern Europe driven by 7.3% 661 3.3% +96.7% tooling sales related to the launch of macro Eastern Crafter project in Poland, as well as by strong Eur
Slide 7: Gestamp Automoción: 2016 Revenue – 3/3
Gestamp Automoción: 2016 Revenue – 3/3 Considerations (In € MM) Market -14.0% South America Market Production(1) Production(1) 467 • In South America, the devaluation of the 7.2% -8.7% 401 Brazilian Real and Argentinian Peso Mercosur +0.1% negatively impacted reported revenue during the year. Growth
Slide 8: Gestamp Automoción: 2016 EBITDA
Gestamp Automoción: 2016 EBITDA EBITDA EBITDA (%) (In € MM) +10.6% 11.6%11.7% 11.1% 11.1% 11.0% 841 10.8% 10.7% 10.7% 10.6% 760 10.1% +11.8% 256 229 Q4 2015 Q4 2016 FY 2015 FY 2016 FY FY Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 • Revenue growth has translated into EB
Slide 9: Investments in Fixed Assets
Investments in Fixed Assets YTD December 31, (In €MM) 2014 2015 2016 Capital expenditures Intangible assets 70.0 88.3 83.6 Tangible assets 413.3 534.1 641.2 Total 483.3 622.4 724.8 Net payments on investments Intangible assets 68.9 87.7 83.0 Tangible assets 369.5 507.8 580.7 Total 438.4 595.5 663.7
Slide 10: Net Financial Debt 2014 – 2016 & Liquidity 2016
Net Financial Debt 2014 – 2016 & Liquidity 2016 December 31, December 31, (In €MM) 2014 2015 2016 (In €MM) 2016 Interest bearing loans and borrowings 1,764.8 1,730.9 1,967.6 Cash and cash equivalents 430 Financial leasing 28.6 35.2 33.6 Undrawn Revolving credit facility 280 Borrowings from associate
Slide 11: Project and Expansion Update
Project and Expansion Update • Highlights of some of our most recent investments in new plants and major expansions, many still under construction, which provide good visibility to growth in 2017, 2018 and beyond: • Plants and expansions in Poland for the fully outsourced Crafter stampings • Plant i
Slide 12: Closing comments
Closing comments • Overall 2016 was a positive year, including important corporate milestones, and with results in line with expectations • With regard to shareholder structure, 2016 began with Acek’s purchase of ArcelorMittal’s 35% stake in Gestamp, and it ended with the closing of the sale of a 12
Slide 13: www.gestamp.com
www.gestamp.com © Gestamp 2017 © Gestamp 2017