Gestamp Automocion S.a. · BME:GEST

Gestamp Automocion — FY2013 Earnings Presentation

17 slides from Gestamp Automocion's earnings presentation, May 7, 2014

  1. Slide 1: FY 2013 Results

    FY 2013 Results May 7th 2014

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared solely for use at this presentation of our results for the year ended December 31, 2013. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presentati

  3. Slide 3: Presentation of 2013 Full Year Results

    Presentation of 2013 Full Year Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of International Financing ©2012 ©2013 GESTAMP GESTAMP 2 2

  4. Slide 4: Introduction – Review of 2013

    Introduction – Review of 2013  2013 has been very challenging, with limited global GDP growth, as well as o disappointing development of the economy in Euro zone o problems in emerging economies such as Brazil, Russia and Turkey o currency devaluations in all of our operational currencies vis-à-vis

  5. Slide 5: Review of 2013 – sales evolution

    Review of 2013 – sales evolution Revenues (€bn) Revenue Distribution by Geography ⁽¹⁾ 5,76 5,79 2012 2013 4,77 8,2% 10,0% 9,5% 10,3% 3,17 12,8% 11,3% 54,2% 55,9% 1,92 2,11 2,31 2,03 1,64 13,6% 14,2% 1,27 Western Europe South America Asia Pacific North America Eastern Europe 2004 2005 2006 2007 2008

  6. Slide 6: Update on Geographic Footprint and New Operations

    Update on Geographic Footprint and New Operations Strategic investment in growth Recent Operations Europe  Gestamp has been strategically investing in Kaluga – Expansion big stampings and assemblies new plants and projects, having invested Togliatti - Plant for small stamping and assemblies + appro

  7. Slide 7: Review of 2013 – Gestamp in China

    Review of 2013 – Gestamp in China 2009 2011 2013 Shenyang Edscha Kunshan Kunshan Kunshan Hefei Shenyang Hefei Kunshan Chongqing Chongqing Shanghai Wuhan Wuhan Dongguan MARKET PRODUCTION EVOLUTION (Million units) 98,5  Gestamp has been strategically investing capital in 84,8 China, primarily in gree

  8. Slide 8: Review of 2013 – Market Production

    Review of 2013 – Market Production  On a global level, the Automotive sector has reflected the macro- economy in 2013: worldwide production of light vehicles grew 4% last year to 84.8 million units o positive contributions from China and North America o Europe and Japan were a drag on world growth

  9. Slide 9: Review of 2013 – Revenue

    Review of 2013 – Revenue Revenues (Million €) Currency Devaluation 2013 +0,6% Devaluation 6.000 5.789 Currency 5.757 in 2013 USD -4,2% 4.500 GBP -2,3% SEK -3,1% PLN -1,9% HUF -2,1% 3.000 2012 2013 RUB -12,3% TRY -25,4%  Revenue reached 5,789 million euros from 5,757 million in 2012 ARS -38,1%  Gro

  10. Slide 10: Review of 2013 – EBITDA

    Review of 2013 – EBITDA EBITDA (Million €) -4,2% 620 594 2012 2013  Consolidated EBITDA declined by 4% to 594 million euros in 2013 from 620 million in 2012, slightly above our guidance set in our Q3 call  We estimate that 2013 EBITDA was negatively impacted by more than € 25 million due to the ef

  11. Slide 11: Review of 2013 – Investments in Fixed Assets

    Review of 2013 – Investments in Fixed Assets Net payments – Fixed Assets (Million €)  Capex on tangible fixed assets came in at 545 million euros, 45 million euros below 2012 +12,0%  Net payments include the effect of reductions in 637 569 payables to fixed asset suppliers as well as proceeds from

  12. Slide 12: Review and update on changes in Joint Ventures

    Review and update on changes in Joint Ventures Year JV Description Strategic Impact Financial Impact 2013 Repurchase from Cofides of 35% share in Cofides Mexico N/A 67,5 M€ Cash Out Mexico prior to Mitsui investment Investments by Mitsui & Co., Ltd. of €297 million through the acquisition of a 30% s

  13. Slide 13: Update on Capital Structure

    Update on Capital Structure Capitalization: YTD December 31,  Net debt was reduced vs. Q3 as 2011 2012 2013 (Millions of Euros) anticipated Interest bearing loans and borrowings 1.232,2 1.378,1 1.717,6 Financial leasing 0,2 25,1 23,7  Year end net debt of 1.46 billion in line Borrowings from assoc

  14. Slide 14: Certain notable impacts on cash flow in 2013, outlook 2014

    Certain notable impacts on cash flow in 2013, outlook 2014  Evolution of net debt during 2013 was impacted by several factors in addition to the lower than expected overall business volume and the aforementioned FX impact: o € 35 million in re-financing and capital structure enhancement costs (tran

  15. Slide 15: Update on Liquidity and Debt Maturity Profile

    Update on Liquidity and Debt Maturity Profile 2012 2013 Cash and Cash Equivalents 248 510 Other Current Financial Investments ⁽¹⁾ 9 34 Long-term Revolving Credit Facility - 280 Undrawn Credit Lines 143 197 400 1.021 (1) mostly fixed income bank deposits available on current account Debt Maturity Pro

  16. Slide 16: Summary outlook – 2014

    Summary outlook – 2014  In macroeconomic terms, we expect worldwide growth in 2014 will be higher than in 2013, with improvements in the more developed economies and more uncertainty with regard to growth in countries which experienced high growth rates in recent years but which showed signs of fra

  17. Slide 17: Gestamp

    Gestamp ©2014'GESTAMP \

Gestamp Automoción — FY2013 Earnings Presentation on 6ix