Vidrala Sa · BME:VID
Vidrala Sa — H1 2022 Earnings Presentation
15 slides from Vidrala Sa's earnings presentation, Jul 20, 2022
Slide 1: H1 2022 Results
H1 2022 RESULTS 20th JULY 2022
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: H1 2022 Key Figures
H1 2022 KEY FIGURES H1 2022 Change Organic change (constant currency basis) Sales (EUR million) 650.8 +22.9% +21.8% EBITDA (EUR million) 112.0 -25.1% -25.4% Earnings per share (EUR) 1.90 -30.8% Debt (EUR million) 215.0 +24.2% Debt / LTM EBITDA (multiple) 0.9x +0.3x 3
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million +22.9% 700 YoY +21.8% +1.1% 650.8 600 500 529.5 400 H1 2021 Organic FX effect H1 2022 change 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 175 -25.4% -25.1% YoY 149.4 125 +0.3% 112.0 75 25 H1 2021 Organic FX effect H1 2022 change 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 35% 30% 28.2% 25% 20% 17.2% 15% 10% -1,101 bps 5% 0% H1 2021 H1 2022 6
Slide 7: Quarterly Performance Overview
QUARTERLY PERFORMANCE OVERVIEW SALES, EBITDA AND MARGINS EUR million and as percentage of sales Sales EBITDA EBITDA margin 2021 2022 2021 2022 2021 2022 400 100 40% 371,9 88,7 87,3 300 75 30% 29,6% 294,7 278,9 26,5% 62,2 23,9% 234,9 200 50 20% 100 25 10% 23,3 8,3% 0 0 0% Q1 Q2 Q1 Q2 Q1 Q2 7
Slide 8: Earnings per Share
EARNINGS PER SHARE YEAR OVER YEAR EVOLUTION, SINCE 2018 EUR per share 3 2,74 -30.8% YoY 2 1,90 1 0 H1 2018 H1 2019 H1 2020 H1 2021 H1 2022 *Important: In order to improve comparability, historical data has been adjusted for the effect of bonus share issues. 8
Slide 9: Cash Profile
CASH PROFILE FREE CASH FLOW GENERATION LAST 12 MONTHS TO JUNE 2022 EUR million / as percentage of sales 250 19.1% 200 -10.1% 150 100 -7.7% 50 1.3% 0 EBITDA Capex WC & Others FCF 9
Slide 10: Net Debt
NET DEBT YEAR OVER YEAR EVOLUTION, SINCE 2019 EUR million and times EBITDA 600 2,0x 500 1.6x 1,5x 400 1.1x 0.9x 300 1,0x 200 402 0.6x 294 0,5x 100 215 173 0 0,0x Jun-19 Jun-20 Jun-21 Jun-22 10
Slide 11: H1 2022 Results | Main Highlights
H1 2022 RESULTS | Main highlights ORGANIC TOP-LINE GROWTH OF 21.8% Sales during the first six months 2022 amounted to EUR 650.8 million, showing an organic growth of 21.8% OPERATING MARGIN OF 17.2% Operating profit, EBITDA, was EUR 112.0 million representing an operating margin of 17.2% LEVERAGE AT
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Slide 13: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) Vidrala publishes this information in order to promote comparability and interpretation of its financial information and in compliance with the Directive of the European Securities and Markets Authority (ESMA) on Alternative Performance Measures (APM).
Slide 14: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) i) EBITDA EUR million H1 2022 Source of data Profit before income tax from continuing operations 70.593 Consolidated Income Statement Amortisation and depreciation +43.950 Consolidated Income Statement Finance income -249 Consolidated Income Statement F
Slide 15: Vidrala Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com