Sonae Indústria S.G.P.S — Sonae Indústria — Q1 2019 Earnings Presentation
9 slides from Sonae Indústria S.G.P.S's earnings presentation, May 9, 2019
Slide 1: 1Q19 Results – Investors and Analysts Briefing
1Q19 Results Investors and Analysts Briefing 9 May 2019 1
Slide 2: 1Q19 Highlights
SONAE INDÚSTRIA Highlights 1Q19 HIGHLIGHTS: • Positive Net Results in the quarter of 1.2M€ (1), (2) (1), (2) • LTM Recurrent EBITDA of 25.1M€, with 11.3% margin (1), (2) (1), (2) • LTM Proportional Recurrent EBITDA of 70.7M€, with 11.4% margin (1), (2) • Proportional Net Debt at 317M€ (1), (2) • Pro
Slide 3: Highlights of 1Q19 results | Proportional Indicators
SONAE INDÚSTRIA Highlights of 1Q19 results | Proportional Indicators FINANCIAL INDICATORS (unaudited) 1Q18 1Q19 3 Proportional Turnover 153 159 Proportional Rec. EBITDA 19 16 Proportional Rec. EBITDA margin 12.3% 10.0% LTM 1Q18 LTM 1Q19 3 Proportional LTM Turnover 619 619 Proportional LTM Rec. EBITD
Slide 4: Recurrent EBITDA of circa 5M€ during 1Q19
SONAE INDÚSTRIA Highlights of 1Q19 results Recurrent EBITDA (Million €) and Proportional Rec. EBITDA (million €) and Recurrent EBITDA margin (%) Proportional Rec. EBITDA margin (%) 25 30.0% 7 30.0% 25.0% 20 19 6 6 17 25.0% 5 20.0% 5 15 20.0% 4 15.0% 15.0% 12.3% 3 10 10.7% 10.0% 10.0% 2 10.7% 8.4% 5.
Slide 5: Fixed costs as a % of turnover
SONAE INDÚSTRIA Highlights of 1Q19 results Fixed Costs in % of turnover % 18.0% 16.0% 16.8% 16.9% • Fixed costs as a % of Turnover at 16.9% 14.0% (17.3% excl. IFRS 16 adoption) 12.0% 10.0% 1Q18 1Q19 Total Fixed Costs 5
Slide 6: Contributions to Net results
SONAE INDÚSTRIA Highlights of 1Q19 results Contributions to Net results • Net positive result of 1.2M€ in 1Q19 Million € Net Profit 1Q18 3.8 Partially due to an increase in variable costs (positive effect Recurrent EBITDA - 1.0 from the adoption of the IFRS 16 of 0.6M€). Non recurrent Items Deprecia
Slide 7: Scheduled loan repayments and Net Gearing
SONAE INDÚSTRIA Highlights of 1Q19 results Scheduled loan repayments(6) Net Gearing(7) as of 31 March 2019 Million € 120 200% 102 100 180% 80 160% 60 147% 43 140% 40 35 20 11 120% 2 5 2 4 1 0 100% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 ≥ 2023 (8) 1Q17 1H17 9M17 2017 1Q18 1H18 9M18 2018 1Q19 (6): Co
Slide 8: Glossary of Terms
SONAE INDÚSTRIA Glossary of Terms Asset Value is calculated as follows: [6.5 x two year moving average of Recurrent EBITDA of fully consolidated business Asset Value (100%)] + [market value of inactive sites real estate properties owned 100% by Sonae Indústria] + [50% x (6.5 x two year moving averag
Slide 9: Investor and analysts contacts
SONAE INDÚSTRIA 1Q19 Results Investors and Analysts Briefing Investor and analysts contacts: João Mangericão Phone: (+351) 220 106 359 investor.relations@sonaeindustria.com 9