Sonae Indústria S.G.P.S — Sonae Indústria — FY2017 Earnings Presentation
11 slides from Sonae Indústria S.G.P.S's earnings presentation, Apr 6, 2018
Slide 1: 2017 Results – Investors and Analysts Briefing
2017 Results Investors and Analysts Briefing 6 April 2018 1
Slide 2: 2017 Highlights: Proportional Indicators
SONAE INDÚSTRIA Highlights | Proportional Indicators 2017 HIGHLIGHTS: Consolidation of the strategic partnership at Sonae Arauco Solid performance of both Sonae Arauco and our North American business (1) Proportional Turnover of 630M€ (1) Proportional Recurrent EBITDA of 88.5M€, circa 1.4M€
Slide 3: 4Q17 Highlights: Proportional Indicators
SONAE INDÚSTRIA Highlights | Proportional Indicators 4Q17 HIGHLIGHTS: (1) Proportional Turnover of 145.0M€ for the quarter (1) Proportional Recurrent EBITDA of circa 18.9M€ for 4Q17, with 13.0% margin Net Results of -5.6M€ in 4Q17 (1) Proportional Net Debt down by circa 10M€ vs. 9M17 (1) P
Slide 4: Financial Indicators
SONAE INDÚSTRIA Highlights of 2017 results | Proportional Indicators Financial Indicators FINANCIAL INDICATORS (unaudited and pro forma ) 2016 2017 Proportional Turnover 639 630 Proportional Rec. EBITDA 90 89 Proportional Rec. EBITDA margin 14.1% 14.0% LEVERAGE Proportional Net Debt 312 301 Proporti
Slide 5: Net Debt and Leverage
SONAE INDÚSTRIA Highlights of 2017 results | Proportional Indicators Net Debt and Leverage Before Strategic After Strategic Partnership Partnership • Proportional 31.05.2016 Million € Completion of the strategic partnership with Arauco 600 570 578 7.5 x 7.0 x Net Debt of 550 500 6.5 x 301M€ and a 45
Slide 6: Recurrent EBITDA and Proportional Recurrent EBITDA
SONAE INDÚSTRIA Highlights of 2017 results Recurrent EBITDA (Million €) and Recurrent Proportional Rec. EBITDA (million €) and EBITDA margin (%) Proportional Rec. EBITDA margin (%) 45 30.0% 90 89 25.0% 38 38 90 40 25.0% 80 35 20.0% 70 30 20.0% 60 14.1% 14.0% 15.0% 25 50 15.0% 20 15.9% 16.5% 40 10.0%
Slide 7: Fixed Costs in % of turnover
SONAE INDÚSTRIA Highlights of 2017 results Fixed Costs in % of turnover % • Fixed Costs as a % of 18.0% Turnover decreased 17.0% 16.0% 16.8% circa 0.5 p.p. vs. 16.3% 15.0% 2016, benefiting 14.0% 13.0% from one-off 12.0% 11.0% adjustments to 10.0% accruals, which were 2016 2017 negative in 4Q16 and T
Slide 8: Contributions to Net results
SONAE INDÚSTRIA Highlights of 2017 results Million € Contributions to Net results • Net positive result Net Profit 2016 Recurrent EBITDA 11.0 of circa 15.3M€ Non recurrent Items +1.3 during 2017 Depreciation and amortisation Provisions and impairment Losses Reduction of net debt and cost of debt + r
Slide 9: Scheduled loan repayments
SONAE INDÚSTRIA Highlights of 2017 results Scheduled loan repayments(1) as of 31 December 2017 Million € 140 131 120 100 80 60 47 40 20 10 9 5 7 1 1 1 0 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 ≥ 2022 (1) Considering Dec-17 drawn amounts of circa EUR 212M (which excludes short term facilities). 9
Slide 10: Glossary of Terms
SONAE INDÚSTRIA Glossary of Terms Asset Value is calculated as follows: [6.5 x LTM Recurrent EBITDA of fully consolidated business (100%)] + Asset Value [market value of inactive sites real estate properties owned 100% by Sonae Indústria] + [50% x (6.5 x LTM Recurrent EBITDA of Sonae Arauco – Sonae
Slide 11: Investor and analysts contacts
SONAE INDÚSTRIA 2017 Results Investors and Analysts Briefing Investor and analysts contacts: João Mangericão Phone: (+351) 220 106 359 investor.relations@sonaeindustria.com 11