General De Alquiler De Maquinaria, S.a. · BME:GAM
General De Alquiler De Maquinaria — FY2024 Earnings Presentation
29 slides from General De Alquiler De Maquinaria's earnings presentation, Feb 28, 2025
Slide 1: FY 2024 Results Presentation
FY 2024 Results Presentation February, 28th 2025
Slide 2: Disclaimer
Disclaimer 2 This document has been prepared by General de Alquiler de Maquinaria, S.A. ("GAM" or the “Company”) exclusively for the presentation in connection with the results corresponding to financial year 2024. This document has been prepared for information and background purposes only. Neither
Slide 3: Contents
Contents 3 1 GAM at a glance GAM at a glance Key figures Key figures 3 Last 6-year transformation Last 6-year transformation Resilient? Yes, we are GAM around the world Resilient? Yes, we are GAM around the world Deep transformation and market diversification Deep transformation and market diversifi
Slide 4: GAM at a glance
GAM at a glance
Slide 5: Key figures
5 GAM at a glance Key figures 70,000 + Customers 10 Business Lines +40,000 +40 Dealers 800 80 Machines Technical Staff 350 Offices FY 24 – Results Presentation Mobile workshops 850 €650M +2,000 8 AGV’s Managed fleet 120 Employees Countries Service locations
Slide 6: GAM around the world
6 GAM at glance GAM around the world Spain Portugal 8 Countries Mexico Dominican Republic 80 Branches FY 24 – Results Presentation Peru Morocco 120 Service points Saudi Arabia Chile
Slide 7: Where do we come from?
7 GAM at a glance Were do we come from? 2003 2004 Foundation in Asturias as a Several acquisitions in Spain and Portugal rental company 2006 2007/10 Entry into the Stock Market International expansion: Morocco, Mexico, Chile, Peru, Colombia, Panama, Dominican Republic and Saudi Arabia 2012/15 Busine
Slide 8: Company Overview
8 GAM at a glance Company Overview Diversified & less capital-intensive business model. Focus More than 40,000 machines to meet market demand: on business and market diversification. ▪ Fleet accounting value at year-end 2024 amounts to €304 million. ▪ Market value is estimated in €380 million. Resil
Slide 9: Embracing sustainability
Embracing sustainability
Slide 10: Transforming business in four steps
10 Embracing sustainability Transforming business in four steps Circular economy Sustainable energy We incorporate the circular and mobility economy into our business We are working to renew our model with the aim of giving a fleet, 84,1 % of which is zero- second life to our main asset: the emissio
Slide 11: Reviver: our circular economy project
11 Embracing sustainability Reviver: our circular economy project Reviver arise from GAM’s objective of transforming business by generating a positive impact in the environment and the communities in which operates. What? The project starts in 2024, and by the end of the year we have already remanuf
Slide 12: Reviver: our circular economy project
12 Embracing sustainability Reviver: our circular economy project How? CIRCULAR ECONOMY Re manufacturing Machines with an optimal market potential Providing Remanufactured machines with a guarantee and a circular certificate The machinery is once again 100% operational and ready to Re furbishing beg
Slide 13: Reviver: our circular economy project
13 Embracing sustainability Reviver: our circular economy project How? How? ENVIRONMENTAL IMPACT FACILITIES 100% green energy consumption +12,000 m2 +300 m2 workshop technical offices +20,000 m2 +1,250 m2 Refurbishing an old ceramics factory in outdoor area warehouse Villacé (León) Future Workshop a
Slide 14: Energy and sustainable mobility
14 Embracing sustainability Energy and sustainable mobility This step includes initiatives promoting the reduction of CO2 Emissions through the renewable energy consumption: +95% of the energy consumed at GAM comes from clean energy sources. % 0 emissions fleet Installed solar panels +16% +2,4% 84,1
Slide 15: Social innovation
15 Embracing sustainability Social innovation GAM is aware of the fundamental role of people, as an indispensable pillar of entrepreneurial success, and continues to improve the training of its staff through KIRLEO trade school. This pillar includes initiatives related to the development of knowledg
Slide 16: Last 6-year transformation
Last 6-year transformation
Slide 17: Resilient? Yes, we are
17 Last 6-year transformation Resilient? Yes, we are ▪ GAM doubles its size in the period, showing its vocation and ability to consolidate its Business position, thanks to its organic and inorganic growth strategy (GAM completed the acquisition of 8 companies in the last five years). weight ▪ Strong
Slide 18: Deep transformation & market diversification
18 Last 6-year transformation Deep transformation & market diversification Spain +106% ▪ Increasing market diversification. Portugal +150% ▪ With the aim of keeping under control investment levels and total net debt/EBITDA ratio. Morocco & Arabia +267% Mexico ▪ GAMs future growth in +460% Iberia wou
Slide 19: Sectoral and customer diversification
19 Last 6-year transformation Sectoral and customer diversification “ ▪ GAM’s business diversification also carries a relevant sectoral diversification. Tailor-made ▪ High diversification and low sectoral exposure. solutions from a Food & single interlocutor ” ▪ The company has a backlog1 of €243 Mi
Slide 20: Financial overview FY24
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Slide 21: Main financial figures
21 Financial overview FY24 Main financial figures GAM starts in 2024 its transformative Sustainability project, REVIVER, the machinery remanufacturing factory, based on circular economy. The objective is to give a second life to machinery that has reached the end of its useful life. The Group's main
Slide 22: Consolidated amounts for the period
22 Financial overview FY24 Consolidated amounts for the period The Group's main financial figures, show revenue growth of 8%, an EBITDA improvement of almost +1pp and a leverage ratio of 3.5x. Main figures FY24 VS FY23 FY23 FY24 Revenue 280.9 304.0 EBITDA1 73.7 80.7 26% 27% Revenue EBITDA1 Net F. De
Slide 23: Revenue by business
23 Financial overview FY24 Revenue by business Renting/Outsourcing business, with €243 million backlog and a renewal contract rate >90%, takes a relevant position in GAM’s total revenue, maintaining in 2024 the business diversification already achieved in 2023. +15% 79.2 +8% 304.0 68.9 25% 38% FY23
Slide 24: Revenue by geography
24 Financial overview FY23 Revenue by geography GAM continues its growth path … with focus on international diversification Spain (Portugal & Mexico) +5% ▪ +5% in Spain FY24 (+23% in FY23) Portugal +17% ▪ +17% in Portugal FY24 (+18% in FY23) ▪ +27% in Latam FY24 (+34% in FY23) Morocco & ▪ +22% in Mo
Slide 25: EBITDA by geography
25 Financial overview FY24 EBITDA by geography GAM is committed to balance in the markets on which it depends, although the Spanish market continues to be the strongest, it has made room in recent years for other geographies. 4% Other 18% Spain Portugal Latam Total geographies 2023 FY23 Revenue 208.
Slide 26: CAPEX
26 Financial overview FY24 CAPEX FY23 FY24 REVIVER circular economy factory will contribute to achieve a substantial annual CAPEX reduction by providing a second life to GAM’s fleet. 19,9 M&A GAM has made great efforts in 2024 to keep investment - (CAPEX) under control (-112% compared to 2023). Most
Slide 27: Free cash flow generation
27 Financial overview FY24 Free cash flow generation FY24 ▪ Cash from operating activities +€10.7M +€57.7 Million, EBITDA FCF conversion into cash +72%, impacted by the increase in -15.8 8.0 financial costs (impacting the -21.3 Group with delay). -1.7 73.7 ▪ Positive business cash flow of 80.7 -40.1
Slide 28: Net financial debt
28 Financial overview FY24 Net financial debt GAM grows +8%, keeping net debt/EBITDA ratio1 in 44.9 3.5x (if we do not consider the additional +12.8 -6.5 +.7.6 32.2 indebtedness derived from the Sustainability Project, €23 million, it would be 3.2x). 265.4 265.4279.3 FY23 FY24 200.5 3.4x 3.5x Net-De
Slide 29: Headquarters Contact
Headquarters Road Tiñana Km 1, 33199 Granda, Asturias, Spain Contact gamrentals.com investor.relations@gamrentals.com 985 732 273 “ Ordinary people doing extraordinary things Pedro Luis Fernández, GAM CEO ”
General de Alquiler de Maquinaria, S.A. (GAM) — FY2024 Earnings Presentation on 6ix