Sonae Indústria S.G.P.S — Sonae Indústria — H1 2019 Earnings Presentation
9 slides from Sonae Indústria S.G.P.S's earnings presentation, Jul 30, 2019
Slide 1: 1H19 Results Investors and Analysts Briefing
1H19 Results Investors and Analysts Briefing 30 July 2019 1
Slide 2: 1H19 Highlights
SONAE INDÚSTRIA Highlights 1H19 HIGHLIGHTS: (1) • Positive Net Results of 1.2M€ in 2Q19, reaching 2.4M€ in 1H19 (1), (2) (1), (2) • Recurrent EBITDA of 8.3M€ in the quarter, with 13.9% margin, up by 3.5M€ and 5.5. p.p. when compared with 1Q19 although 1H19 Recurrent EBITDA below same period of last
Slide 3: Highlights of 1H19 results | Proportional Indicators
SONAE INDÚSTRIA Highlights of 1H19 results | Proportional Indicators FINANCIAL INDICATORS (unaudited) 1H18 1H19 3 Proportional Turnover 317 316 Proportional Rec. EBITDA 42 36 Proportional Rec. EBITDA margin 13.3% 11.4% LTM 1H18 LTM 1H19 3 Proportional LTM Turnover 617 611 Proportional LTM Rec. EBITD
Slide 4: Rec. EBITDA of 13M€ during 1H19
SONAE INDÚSTRIA Highlights of 1H19 results Recurrent EBITDA (Million €) and Proportional Rec. EBITDA (million €) and Recurrent EBITDA margin (%) Proportional Rec. EBITDA margin (%) 30.0% 50 30.0% 20 45 42 25.0% 25.0% 40 36 15 14 20.0% 35 13 20.0% 30 15.0% 25 13.3% 15.0% 10 11.4% 20 12.6% 10.0% 10.0%
Slide 5: Fixed Costs in % of turnover
SONAE INDÚSTRIA Highlights of 1H19 results Fixed Costs in % of turnover % 18.0% 16.0% 16.9% 17.0% • Fixed costs as a % of Turnover at circa 17.0%, 14.0% in line with the values 12.0% booked for 1H18 10.0% 1H18 1H19 Total Fixed Costs 5
Slide 6: Contributions to Net results
SONAE INDÚSTRIA Highlights of 1H19 results Contributions to Net results • Net positive result of circa 2.4M€ in 1H19 Million € Net Profit 1H18 18.9 Due to an increase in variable costs (positive effect from the Recurrent EBITDA -1.0 adoption of the IFRS 16 of 1.1M€). Non recurrent Items Depreciation
Slide 7: Scheduled loan repayments and Net Gearing
SONAE INDÚSTRIA Highlights of 1H19 results Scheduled loan repayments(5) Net Gearing(6) as of 30 June 2019 Million € 120 180% 101 100 170% 80 160% 60 45 45 150% 40 145% 20 140% 9 1 1 2 1 0 130% (7) (7) 2H19 1H20 2H20 1H21 2H21 1H22 2H22 ≥ 2023 1H17 9M17 2017 1Q18 1H18 9M18 2018 1Q19 1H19 (5): Conside
Slide 8: Glossary of Terms
SONAE INDÚSTRIA Glossary of Terms LTM Last Twelve Months Proportional Leverage Proportional Net Debt / Proportional LTM Recurrent EBITDA (unaudited) Proportional: Turnover, Proportional Turnover and Proportional Recurrent EBITDA consider, in what regards to Turnover and Recurrent EBITDA, Recurrent E
Slide 9: 1H19 Results Investors and Analysts Briefing
SONAE INDÚSTRIA 1H19 Results Investors and Analysts Briefing Investor and analysts contacts: João Mangericão Phone: (+351) 220 106 359 investor.relations@sonaeindustria.com 9