Frigoglass S.a.i.c. · ATHEX:FRIGO

Frigoglass S.a.i.c — Frigoglass — Q1 2020 Earnings Presentation

10 slides from Frigoglass S.a.i.c's earnings presentation, May 28, 2020

  1. Slide 1: First-quarter 2020 Results Presentation

    2019 Results Presentation First-quarter 2020 28 May 2020

  2. Slide 2: Forward Looking statements

    2019 Forward Looking statements This presentation may contain forward-looking statements which are based on current expectations and assumptions about future events. All statements other than statements of historical fact included in this presentation, including, without limitation, statements regar

  3. Slide 3: COVID-19 Pandemic Update

    2019 COVID-19 Pandemic Update Priorities  Health & Safety of our employees  Business continuity  Financial health Business impact  Customer orders impacted by lockdowns  Demand materially slowed down in March; April’s sales down 54% y-o-y  Supply chain challenged but well managed  Planned fur

  4. Slide 4: First-quarter 2020 highlights

    2019 First-quarter 2020 highlights  Solid Q1 results on continuing growth momentum  Strong performance in January and February  Group sales up 8% y-o-y; driven by Commercial Refrigeration  Group EBITDA +9% with margin improvement in both segments  Adj. Net Debt/LTM EBITDA at 3.3x First-quarter

  5. Slide 5: Financial Review

    2019 SECTION 4 Financial Review Section 4 2019 32

  6. Slide 6: Financial performance overview

    2019 Financial performance overview Commercial Refrigeration Operations 1Q20 1Q19 Change, % (in €m) Sales 111.2 97.0 14.6% EBITDA 13.7 11.6 18.6%. EBITDA margin, % 12.3% 11.9% 0.4pp Net Profit -1.4 -0.2 n.m. Glass Operations 1Q20 1Q19 Change, % (in €m) Sales 24.7 28.6 -13.4% EBITDA 6.8 7.3 -6.9% EBI

  7. Slide 7: Improved cash flow generation

    2019 Improved cash flow generation Key Free Cash Flow elements (in €m) 1Q20 1Q19 Change EBITDA 20.5 18.9 1.6 Net Trade Working Capital Change -17.6 -32.8 15.1 Capital Expenditure -4.5 -2.7 -1.8 Adjusted Free Cash Flow1 2.1 -13.2 15.3 Adj. Net Debt / LTM EBITDA2 3.3x 4.0x Adj. Free Cash Flow –Improve

  8. Slide 8: Business Outlook

    2019 SECTION 4 Business Outlook Section 4 2019 32

  9. Slide 9: COVID-19 impacting FY performance

    2019 COVID-19 impacting FY performance Outlook - entering the crisis from a position of strength  Full COVID-19 impact remains uncertain  Top-line negative trend continuous in May  Q2 will be significantly impacted  Cash balance of €66m in April Measures  Discretionary spend reduction  Capex p

  10. Slide 10: Q&A

    Q&A 2019 For further information on Frigoglass please visit our website at: www.frigoglass.com Or contact: John Stamatakos Group Treasury & IR Manager jstamatakos@frigoglass.com +30 210 61 65 767 1

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