Gvs S.p.a · MIL:GVS

Gvs — Q1 2023 Earnings Presentation

20 slides from Gvs's earnings presentation, May 15, 2023

  1. Slide 1: Q1 2023 Results Presentation

    • Q1 2023 RESULTS PRESENTATION • May 15th, 2023

  2. Slide 2: Executive Summary

    Executive Summary

  3. Slide 3: Executive Summary

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Executive Summary Key Q1 2023 trends Q1 2023 Sales growth +28% YoY driven by the contribution of 2022 acquisitions Q1 2023 organic Sales decline 9% YoY on lower

  4. Slide 4: GVS – Q1 2023 Results At-a-Glance

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx GVS – Q1 2023 Results At-a-Glance Sales and EBITDA growth driven by M&A, NWC impact on debt SALES EBITDA Adjusted and % NFP and Leverage €m €m €m 104.0 +8.6% 22

  5. Slide 5: GVS – Q1 2023 vs. Q4 2022 Performance

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx GVS – Q1 2023 vs. Q4 2022 Performance Revenues hit by client de-stocking, margin expansion driven by pricing SALES EBITDA Adjusted and % EBIT Adjusted and % €m

  6. Slide 6: Q1 2023 Performance vs. Q1 2022

    Q1 2023 Performance vs. Q1 2022

  7. Slide 7: Q1 2023 vs. Q1 2022 – Sales

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 vs. Q1 2022 – Sales M&A as main driver of growth, prices and FX mitigate the volumes drop SALES – Q1 2022 TO Q1 2023 BRIDGE €m -10% organic growth • M&A

  8. Slide 8: Q1 2023 vs. Q1 2022 – EBITDA

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 vs. Q1 2022 – EBITDA Price hike almost compensate the lower volumes EBITDA – Q1 2022 TO Q1 2023 BRIDGE €m • EBITDA growth driven by M&A contribution • P

  9. Slide 9: Q1 2023 Performance vs. Q4 2022

    Q1 2023 Performance vs. Q4 2022

  10. Slide 10: Q1 2023 vs. Q4 2022 – Sales

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 vs. Q4 2022– Sales Price hike partially compensated the volumes decrease and FX SALES – Q4 2022 TO Q1 2023 BRIDGE €m - 6.4% organic growth • Negative FX

  11. Slide 11: Q1 2023 vs. Q4 2022 – Sales by Division

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 vs. Q4 2022– Sales by Division Volumes impacted by client de-stocking, in line with recent sector trend Healthcare & Life Sciences Health & Safety Energ

  12. Slide 12: Q1 2023 vs. Q4 2022 – EBITDA

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 vs. Q4 2022– EBITDA Price impact and positive mix supported profitability, despite volumes EBITDA – Q4 2022 TO Q1 2023 BRIDGE €m • Limited FX impact on

  13. Slide 13: Q1 2023 vs. Q4 2022 – Net Debt

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 vs. Q4 2022 – Net Debt NFP increase driven by NWC absorption NET FINANCIAL POSITION – FY 2022 TO Q1 2023 BRIDGE €m • Sound operating cash generation for

  14. Slide 14: Strategic Update

    Strategic Update

  15. Slide 15: 2023 Outlook and Guidance Update

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx 2023 Outlook and Guidance Update De-stocking expected to continue in 2Q 2023, Guidance confirmed Client de-stocking expected to continue throughout Q2 2023, wit

  16. Slide 16: Appendix – Support Material

    Appendix – Support Material

  17. Slide 17: Q1 2023 Results – Financial Statements

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 Results – Financial Statements Q1 2022 and Q1 2023 P&L – Statutory Adjusted View of which Q1 2022 of which Q1 2023 €m Q1 2022 % Q1 2023 % non-recurring

  18. Slide 18: Q1 2023 Results – Financial Statements

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 Results – Financial Statements Reclassified Balance Sheet - FY 2022 – Q1 2023 FY2022 Q12023 €m Net intangible fixed assets 494.8 486.6 Net usage rights

  19. Slide 19: Q1 2023 Results – Financial Statements

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Q1 2023 Results – Financial Statements Cash Flow Statement - Q1 2022 – Q1 2023 €m Q1 2022 Q1 2023 Pre-tax result 17.3 3.5 Amortisation, depreciation and writedo

  20. Slide 20: Disclaimer

    ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Disclaimer Pursuant to art. 154-bis, paragraph 2, of the Italian Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate

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