Grupo Industrial Saltillo Sa De Cv Class A · BMV:GISSA/A
Grupo Industrial Saltillo Sa De Cv Class A — Q1 2024 Earnings Presentation
16 slides from Grupo Industrial Saltillo Sa De Cv Class A's earnings presentation, Apr 19, 2024
Slide 1: 1Q24 Conference Call
1Q24 CONFERENCE CALL APRIL 19, 2024 1
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation and discussion may contain forecasts The financial expectations, forecasts and projections in or projections in accordance with the vision and this presentation reflect the current beliefs of the expectations of the management team with respect to Company
Slide 3: Financial & Market Review
FINANCIAL & MARKET REVIEW JORGE RADA – CEO SAÚL CASTAÑEDA – CFO 3
Slide 4: EBITDA margin returning to double-digit
1Q24 EBITDA margin returning to double-digit GIS will harness the potential of 2024 our recent investments Results reflect improving key performance metrics Operational discipline Cost control Ramp-up of expansion projects 4
Slide 5: Quarter Highlights - Investments
Quarter Highlights - Investments Casting Capacity Expansions Line 6 operating close to full capacity Line 7 starts ramp-up, target capacity by year-end These expansions will add 60k annual tons of capacity 5
Slide 6: Quarter Highlights - Investments
Quarter Highlights - Investments Machining expansion reaches 60% progress Set to triple machining capacity in NA First plating line installed and fully operational Second plating line will be ready in 2S24
Slide 7: Quarter Highlights - Achievements
Quarter Highlights - Achievements Installation of Solar Panels in Draxton China Self-generation of green energy Alongside other purchase agreements – 75% of energy consumption is green energy 100% of Draxton System secured TISAX certification in 1Q24
Slide 8: Automotive Industry 1Q24
Automotive Industry 1Q24 ∆% vs 1Q24 ∆% vs 1Q23 Vehicle Production Vehicle Sales 1% 2% 3% 1% 12% 5% Source: S&P 8
Slide 9: On the path of profitability recovery
On the path of profitability recovery US$ Million Sequential profitability ∆% vs 1Q23 growth EBITDA Casting 2% 27 26 Volume 18 Machining 31% 17 Volume Revenue 3% 1Q23 3Q23 4Q23 1Q24 9
Slide 10: GISEderlan JV with FagorEderlan
GISEderlan JV with FagorEderlan 1Q24 US $18M in sales 14% higher than 1Q23 Expansion in progress, increasing machining capacity in NA 10
Slide 11: Consolidated Performance
Consolidated Performance US$ Million Revenues increased 4% y-o-y 28 28 Increasing casting volumes, price adjustments and higher incorporation of value-added processes 20 17 REVENUE 260 272 1Q23 3Q23 4Q23 1Q24 1Q24 EBITDA, 40% higher than last quarter Third quarterly sequential improvement in profita
Slide 12: Solid financial position
Solid financial position US$ Million Debt & Leverage Net debt leverage ratio 2.2x 250 3 2.5 200 2.7x 2.2x 2.2x 2 150 1.5 1Q24 Net debt US $216M 1.0x 1 100 0.5 50 -0.1x 0 172 225 204 216 Refinancing Debt during 2Q-2024 0 -0.5 1Q23 2Q23 3Q23 4Q23 1Q24 Net Debt Net Debt / EBITDA 12
Slide 13: Capital Expenditure US $20M in 1Q24
Capital Expenditure CAPEX US $20M in 1Q24 Main Products CAPEX estimated for 2024 US $100M CAPEX mostly related to organic growth 13
Slide 14: Closing Remarks
Closing Remarks Annual General Meeting held on April 9th Up to US $0.086 Cash dividend To be paid in two installments 2024 Consolidation of Profitability Full contribution towards 2025 Strategy to offset macroeconomic impacts Commercial agreements & Refinancing
Slide 15: Q&A
Q&A 15
Slide 16: 1Q24 Conference Call
1Q24 CONFERENCE CALL APRIL 19, 2024
Grupo Industrial Saltillo — Q1 2024 Earnings Presentation on 6ix