Sonae Indústria S.G.P.S — Sonae Indústria — Q1 2014 Earnings Presentation
9 slides from Sonae Indústria S.G.P.S's earnings presentation, May 8, 2014
Slide 1: Investors and Analysts Conference Call 1Q14 results
SONAE INDÚSTRIA Investors and Analysts Conference Call 1Q14 results Together, creating the future 8 May 2014
Slide 2: Highlights: Strategy Execution and Results Highlights
1st QUARTER RESULTS 2014| SONAE INDÚSTRIA HIGHLIGHTS STRATEGY EXECUTION I. Board of Directors approved a share capital increase of up to 150 million euros II. Agreement reached with main creditor banks for the refinancing of the majority of the outstanding debt, providing significant improvements in
Slide 3: Operational Review | Turnover
1st QUARTER RESULTS 2014| SONAE INDÚSTRIA OPERATIONAL REVIEW | TURNOVER -3% Quarterly volumes sold Millions of m3 350 310 1,40 1,34 300 14,0% 1,22 1,22 1,24 1,20 1,14 1,17 1,20 300 286 12,0% 1,19 1,22 1,15 1,18 1,12 250 10,0% 200 6,8% Turnover 8,0% 6,0% 150 5,2% 6,0% 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q
Slide 4: Operational Review | Variable Costs
1st QUARTER RESULTS 2014| SONAE INDÚSTRIA OPERATIONAL REVIEW | VARIABLE COSTS QUARTERLY AVERAGE COSTS (eur/m3) Base 100: 1Q12 QUARTERLY AVERAGE COSTS (eur/m3) 1,08 Base 100: 1Q12 1,06 1,15 1,10 1,04 1,05 1,02 1,00 1,00 0,95 0,90 0,98 0,85 0,96 0,80 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 0,94 0
Slide 5: P&L Account
1st QUARTER RESULTS 2014| SONAE INDÚSTRIA FINANCIAL REVIEW | P&L ACCOUNT P&L ACCOUNT 1Q14 / 1Q14 / Million euros 1Q13 (a) 4Q13 (a) 1Q14 1Q13 (a) 4Q13 (a) Consolidated turnover 310 286 300 (3%) 5% Other operational income 6 9 7 13% (23%) EBITDA 16 15 11 (33%) (28%) Non Recurrent items of 5 million eu
Slide 6: Financial Review | Capex and Working Capital
1st QUARTER RESULTS 2014| SONAE INDÚSTRIA FINANCIAL REVIEW | CAPEX and WK WORKING CAPITAL Additional fixed assets Mi l l i on euros 2011 - 2014 150 -17M€ 140 6 130 120 110 13 100 90 6 6 80 6 9 70 60 10 4 3 5 9M13 (a) 1H12 9M12 2013 (a) 2011 2012 1Q13 (a) 1Q12 1Q14 1H13 (a) 2012 2013 2014 1Q 2Q 3Q 4Q
Slide 7: Net Debt
1st QUARTER RESULTS 2014| SONAE INDÚSTRIA FINANCIAL REVIEW | NET DEBT Net Debt ND/Rec. EBITDA (Million euros) 950 25,0 x Net debt 900 • Comparing to end of 2013, Net Net debt to LTM Rec. EBITDA 20,0 x Debt increased by 26 million 850 euros and is mainly the result of the seasonality impact of the 15
Slide 8: Refinancing: Scheduled Loan Repayments
1st QUARTER RESULTS 2014| SONAE INDÚSTRIA FINANCIAL REVIEW | REFINANCING Million EUR SCHEDULED LOAN REPAYMENTS (as of 31 March 2014) • The chart below still does not incorporate updated information considering the agreements reached with the two main creditor banks. 130 78 69 40 33 28 25 17 8 1H14 2
Slide 9: Questions?
SONAE INDÚSTRIA QUESTIONS? Thank you 9