Verallia Sas · EURONEXT:VRLA
Verallia Sas — Verallia — Q1 2025 Earnings Presentation
23 slides from Verallia Sas's earnings presentation, Apr 24, 2025
Slide 1: Q1 2025 results
Q1. 2025 results 24 April 2025
Slide 2: Summary
Summary 01 Introduction 02 Key 03 Q1 2025 04 2025 guidance highlights financial results Q1 2025 RESULTS 24.04.25 2
Slide 3: Introduction
INTRODUCTION Patrice LUCAS CEO Q1 2025 RESULTS 24.04.25 3
Slide 4: A global leader in glass packaging
A global leader in glass packaging customers DIVERSIFIED AND BALANCED END-MARKETS 2024 Glass packaging(1) sales split by end-market(2) ~10,000 countries(5) employees Food 12 ~11,000 17% Still wine 32% Soft drinks 11% 2024 decoration 16+ bottles/jars plants 6 billion p.a. 12% Beer 12% 16% Sparkling w
Slide 5: Key Highlights
KEY HIGHLIGHTS Patrice LUCAS CEO Q1 2025 RESULTS 24.04.25 5
Slide 6: Verallia innovates with hydrogen combustion in Essen (Germany)
Verallia innovates with hydrogen combustion in Essen (Germany) Verallia uses hydrogen to reduce its carbon footprint, showcasing our commitment to decarbonization A 5-year partnership with ArcelorMittal ensures a steady hydrogen supply, advancing our technology. Additionally, Uniper provides the pip
Slide 7: Verallia moves forward with oxy-combustion furnace in Campo Bom (Brazil)
Verallia moves forward with oxy-combustion furnace in Campo Bom (Brazil) Launch of a new advanced oxy-combustion technology This technology reduces CO2 emissions by 18% First production scheduled by the end of H1 A major step in our decarbonization strategy Q1 2025 RESULTS 24.04.25 7
Slide 8: Product innovation: continued collaboration with customers
Product innovation: continued collaboration with customers FRANCE UK ITALY BRAZIL YS 75 cl HEPPLE GIN MY AIR 105G AMBEV STD 600 FAMILLE RAVOIRE NEW BOTTLE SAN BENEDETTO RETURNABLE BRIGITTE BARDOT BOTTLE OUR COMMITMENT TO CUSTOMER INTIMACY ENSURES PREMIUM, TAILORED SOLUTIONS ACROSS END MARKETS Q1 202
Slide 9: Showing continued agility in a difficult market
Showing continued agility in a difficult market EARLY 2025 MARKET TRENDS: KEY HIGHLIGHTS • No further destocking impact in most markets but amid a very soft consumption backdrop • Slight growth in volumes in Europe, still strong demand in LatAm • Highly uncertain environment (tariffs) amid rising ge
Slide 10: Volume recovery confirmed in a difficult market environment
Volume recovery confirmed in a difficult market environment REVENUE ADJUSTED EBITDA NET DEBT • -2.2% yoy • €147m, -27.9% • Leverage: to €818m vs. Q1 2024 2.3x LTM adj. • -3.6% yoy • Margin at EBITDA organic 18.0% vs. vs 2.1x end of growth 24.4% in Q1 Dec. 24 2024 (-641 bps) Q1 2025 RESULTS 24.04.25
Slide 11: Q1 2025 Financial Results
Q1 2025 FINANCIAL RESULTS Nathalie DELBREUVE CFO Q1 2025 RESULTS 24.04.25 11
Slide 12: Q1 2025 Consolidated Revenue Variance Analysis
Q1 2025 Consolidated Revenue Variance Analysis REPORTED REVENUE (IN €M) (1) • Organic growth: -3.6% in Q1 25 (-4.3% excluding Argentina) • Combination of improving demand context (esp 24.1 836 LatAm) and targeted commercial actions driving 59.0 organic volume growth in Q1, with most segments 1.4 818
Slide 13: Q1 2025 Consolidated Adjusted EBITDA Variance Analysis
Q1 2025 Consolidated Adjusted EBITDA Variance Analysis ADJUSTED EBITDA (IN €M) (1) -641bps Q1 2025 Q1 2024 18.5 Adjusted EBITDA margin 18.0% 24.4% 204 • Activity / Operating leverage 86.2 > Positive impact from activity with sales volumes up organically in all regions in Q1… 2.3 > … Partly offset by
Slide 14: 31 March 2025 Group Net Debt Evolution and Leverage
31 March 2025 Group Net Debt Evolution and Leverage • Net debt at €1,823m including rights-of-use for In € million 31/03/2025 31/12/2024 31/03/2024 €70m Net Debt 1,822.7 1,797.4 1,496.3 LTM Adjusted EBITDA 785.6 842.5 1,004.4 • Significant improvement in Net Debt / LTM Adjusted EBITDA 2.3x 2.1x 1.5x
Slide 15: 31 March 2025 Financial Structure and Liquidity
31 March 2025 Financial Structure and Liquidity Nominal amount or In € million max. Amount Maturity Nominal rate 31 Mars 2025 drawable Sustainability-Linked Bond – May 2021(1) 500.0 May 2028 1.625% 505.7 Sustainability-Linked Bond – November 2021(1) 500.0 November 2031 1.875% 498.0 Bond November 202
Slide 16: 2025 Guidance
2025 GUIDANCE Patrice LUCAS CEO Q1 2025 RESULTS 24.04.25 16
Slide 17: 2025 outlook: EBITDA target lowered to around €800m, FCF target raised to over €200m
2025 outlook: EBITDA target lowered to around €800m, FCF target raised to over €200m amid geopolitical & trade tensions Context 2025 guidance updated In this context, Verallia: • 2025 started with uncertainty and • updates its 2025 adjusted EBITDA target, volatility, marked by subdued now expected a
Slide 18: Q&A
Q& A Q1 2025 RESULTS 24.04.25 18
Slide 19: Appendix
APPENDIX Q1 2025 RESULTS 24.04.25 19
Slide 20: Reconciliation of operating profit to adjusted EBITDA
Reconciliation of operating profit to adjusted EBITDA In €m Q1 2025 Q1 2024 Operating profit 51.6 119.0 Depreciation and amortisation(1) 88.1 82.3 Restructuring costs 2.2 0.5 IAS 29 Hyperinflation (Argentina)(2) 0.1 (0.9) Management share ownership plan and associated costs 1.1 1.6 Company acquisiti
Slide 21: Glossary
Glossary • Activity category: corresponds to the sum of the or to increase the Group’s capacity. It excludes • The segment Northern and Eastern Europe volumes variations plus or minus changes in the purchase of securities. comprises production plants located in Germany, inventories variation. • Recu
Slide 22: Disclaimer
Disclaimer Certain information included in this presentation are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding Verallia's present and future bu
Slide 23: Thank you
Thank you