Slide 1: Results presentation
Results presentation July 25th, 2023
Slide 2: Disclaimer
DISCLAIMER Gestamp This presentation has been prepared solely for use at this presentation of our results as of and for the quarter ended June 30th, 2023. By attending the conference call meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the fol
Slide 3: Index: Key highlights for H1 2023
Gestamp INDEX KEY HIGHLIGHTS FOR H1 2023
Slide 4: Key highlights of H1 2023
KEY HIGHLIGHTS OF H1 2023 Gestamp o 1.6x Net Debt/EBITDA €30m positive FCF generation in H1 2023 Revenue €6,273m +28.8% YoY on a reported basis 123 p.p. outperformancel” ad EBITDA €700m +26.3% YoY on a reported basis Reaching a 12.4%?) margin Strong performance in HI gives us good visibility to meet
Slide 5: Financial Performance in H1 2023
Financial Performance in h1 2023
Slide 6: Financial Performance in Q2 2023
Financial Performance in q2 2023
Slide 7: Market volumes in recovery
MARKET VOLUMES IN RECOVERY Gestamp Production volumes (Mveh) ==YoY growth (%) ® First half maintaining volume recovery trend: +12% YoY dd > 43.4 1% ey Despite semiconductor crisis is increasingly normalizing, pre-covid levels have not yet been reached Western Europe and, to a lesser extent, NAFTA as
Slide 8: Double digit outperformance in the period
Double digit Outperformance in the period 34.6% 9.0% 25.0% 21.4% 21.8% 12.0% 11.6% 9.0% 39.2% 10.6% 44.2% 24.3% 9.6% 12.0%
Slide 9: A record first half
A RECORD FIRST HALF Gestamp € @ = 4,261 4513 4,075 4,387 3 3,045 a c o > @ H1 2018 H1 2019 H1 2020 H1 2021 H1 2022 H1 2023 & 700 = 486 521 498 554 4 E 216 a Ww H1 2018 H1 2019 H1 2020/4) H1 2021 H1 2022 H1 2023 Strong growth driven by organic growth and boosted by 2022 strategic projects and Gescrap
Slide 10: Index: Financial overview
Gestamp FINANCIAL OVERVIEW
Slide 11: Geographic diversification supporting a solid performance
Geographic diversification supporting a solid performance H1 2022 H1 2023 Var. (%) H1 2022 H1 2023 Var. (%) H1 2022 H1 2023 2,058 2,492 +21.1% 212 283 +33.7% 10.3% 11.4% Outperformance: +0.4 p.p. 704 868 +23.4% 115 127 +9.7% 16.4% 14.6% Outperformance: +25.7 p.p. 1,061 1,206 +13.7% outperformance: -
Slide 12: Solid net income improvement
solid net income improvement
Slide 13: Capex overview as of H1 2023
Capex overview as of H1 2023 Capex as % of revenue Capex as % of revenue 7.7% 6.8% 1.0% 0.9% 3.1% 4.5% 2.3% 2.6%
Slide 14: Free cash flow generation in H1 2023
free cash flow generation in H1 2023
Slide 15: Disciplined balance sheet
Disciplined Balance Sheet
Slide 16: Index: Outlook and remarks
Gestamp OUTLOOK AND REMARKS
Slide 17: Sustained market growth
SUSTAINED MARKET GROWTH Gestamp I Recovering peak levels in LV Production" in S&P Global Mobility Geographies (Mveh) % > EV penetration?! 86.7 94.2 93.9 949 855 89.0 86.7 | 879 90.5 923 85.0 82.3 74.6 77.2 er 45% 2023E 2023E 2023E (anuary 2023 S&P (April 2023 S&P (July 2023 S&P Cox) Global Mobility
Slide 18: Reiterating guidance for 2023
Reiterating guidance for 2023
Slide 19: A clear strategy to lead growth on the mobility transition
A CLEAR STRATEGY TO lead GROWTH on the mobility transition
Slide 20: Longstanding strategic pillars on the execution...
Longstanding Strategic pillars on the execution... Outperformance vs market(1) EBITDA Margin Free Cash Flow(3)
Slide 21: ...of our 2027 targets
…of our 2027 targets Outperformance EBITDA Dividend EV Sales(2) Leverage(3) ROCE(4) vs market(1) Margin pay-out
Slide 22: A clear roadmap to push for a sustainable mobility
A clear roadmap to push for a sustainable mobility
Slide 23: Agreement with ArcelorMittal
AGREEMENT WITH ARCELORMITTAL on
Slide 24: Closing remarks
Strong Focus on executing Delivering on our H1 2023 Results: our stpteay to on the path to meet deliver on our 2023 Guidance 2027 Targe oa artner Supplier art tamp 2023
Slide 25: The Partner supplier
Gestamp the Partner supplier
Slide 26: Appendix – alternative performance measures
Appendix – alternative performance measures ´