Gestamp Automocion S.a. · BME:GEST

Gestamp Automocion — Q2 2014 Earnings Presentation

11 slides from Gestamp Automocion's earnings presentation, Sep 4, 2014

  1. Slide 1: Second Quarter 2014 Results

    Second Quarter 2014 Results September 4rd 2014

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared solely for use at this presentation of our results for the quarter ended June 30, 2014. 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 presentatio

  3. Slide 3: Presentation of Second Quarter 2014 Results

    Presentation of Second Quarter 2014 Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of International Financing ©2012 ©2014 GESTAMP GESTAMP 2 2

  4. Slide 4: Introduction

    Introduction  Gestamp’s second quarter results have demonstrated a continuation of the positive trend of the first quarter  At constant exchange rates vs 2013, we are growing well in excess of the market  We are pleased with production volumes in Western Europe, North America and China  Projects

  5. Slide 5: Industry Production Volumes

    Industry Production Volumes Quarterly Comparison Geographic Contributions to Growth in 2014 (Million vehicles) (‘000 vehicles) +3.9% 88.021 +2,3% 291 +5,3% +3,3% 90 22,47 22,19 22,10 +5,0% 21,96 1.951 21,40 21,27 21,07 20,26 537 147 849 31 84.698 564 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 2013 Western Eastern Nort

  6. Slide 6: Review of Q2 2014 – Revenue (Million €)

    Review of Q2 2014 – Revenue (Million €) Revenue 2014 Revenue at 2013 FX +3.0% +8.6% 1,565 1,651 1,520 1,520 Q2 2013 Q2 2014 Q2 2013 Q2 2014 Q2 2013 Revenues prior to IFRS 10 &11  Revenue increased by € 45 million, or 3.0%, to € 1,565 million in the second quarter of 2014 compared to sales of € 1,52

  7. Slide 7: Review of Q2 2014 – EBITDA (Million €)

    Review of Q2 2014 – EBITDA (Million €) EBITDA 2014 EBITDA at 2013 FX +0.9% +7.3% 173 161 163 161 Q2 2013 Q2 2014 Q2 2013 Q2 2014 Q2 2013 EBITDA prior to IFRS 10 &11  Consolidated EBITDA increased by 0.9% to € 163 million in the second quarter of 2014 compared to EBITDA of € 161 million in the secon

  8. Slide 8: Review of Q2 2014 – Investments in Fixed Assets

    Review of Q2 2014 – Investments in Fixed Assets  We continue to follow through on our moderation of capex in 2014  Capex during Q2 2014 amounted to € 106 million, or 27% lower than during Q2 2013  Net payments on investments were € 113 million in Q2 2014 vs. €147 million in Q2 2013, representing

  9. Slide 9: Net Debt (Million €)

    Net Debt (Million € ) December 31, March 31, June 30, 2013 2014 2014 Interest bearing loans and borrowings 1.746,6 1.789,0 1.711,3 Financial leasing 28,9 28,1 28,0 Borrowings from associated companies 210,5 209,0 211,7 Other interest bearing loans 88,6 86,8 83,2 Total Financial Debt 2.074,6 2.112,9

  10. Slide 10: Conclusion

    Conclusion  In summary, Q2 has been a good quarter for Gestamp  Our growth, as expected, is considerably higher than market production growth  Our FX-adjusted June 2014 YTD Revenue and EBITDA of € 3.21 billion and € 336 million respectively, is 11.7% and 14.3% higher than the € 2.88 bn of Revenue

  11. Slide 11: Gestamp

    Gestamp ©2014'GESTAMP \

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