Vidrala Sa · BME:VID
Vidrala Sa — FY2022 Earnings Presentation
15 slides from Vidrala Sa's earnings presentation, Mar 1, 2023
Slide 1: FY 2022 Results
FY 2022 RESULTS 1st MARCH 2023
Slide 2: Disclaimer
DISCLAIMER This presentation includes or may include representations or estimations concerning the future about intentions, expectations or forecasts of VIDRALA or its management. which may refer to the evolution of its business performance and its results. These forward-looking statements refer to
Slide 3: FY 2022 Key Figures
FY 2022 KEY FIGURES FY 2022 Change Organic change (constant currency basis) Sales (EUR million) 1,345.6 +24.1% +23.9% EBITDA (EUR million) 270.4 +1.0% +1.1% Earnings per share (EUR) 4.97 +6.9% Debt (EUR million) 167.2 +74.1% Debt / LTM EBITDA (multiple) 0.6x +0.2x *Important: Debt figure and leverag
Slide 4: Sales
SALES YEAR OVER YEAR CHANGE EUR million 1.400 +24.1% +23.9% +0.2% YoY 1.300 1,345.6 1.200 1.100 1,084.2 1.000 900 FY 2021 Organic FX FY 2022 4
Slide 5: EBITDA
EBITDA YEAR OVER YEAR CHANGE EUR million 300 +1.0% +1.1% -0.1% YoY 250 267.7 270.4 200 150 FY 2021 Organic FX FY 2022 5
Slide 6: Operating Margin
OPERATING MARGIN YEAR OVER YEAR CHANGE As percentage of sales 30% 24.7% 20.1% 20% -460 bps 10% 0% FY 2021 FY 2022 6
Slide 7: Half-Yearly Performance Overview
HALF-YEARLY PERFORMANCE OVERVIEW SALES, EBITDA AND MARGINS EUR million and as percentage of sales Sales EBITDA EBITDA margin 2021 2022 2021 2022 2021 2022 800 200 40% +25% +23% +34% 694,8 600 150 30% 650,8 +148 158,4 149,4 -25% bps 28,2% 554,6 529,5 -1,101 118,3 400 100 20% bps 22,8% 112,0 21,3% 17,
Slide 8: Earnings per Share
EARNINGS PER SHARE YEAR OVER YEAR EVOLUTION, SINCE 2018 EUR per share +6.9% 6,0 YoY 4.97 4.65 4,0 2,0 0,0 2018 2019 2020 2021 2022 *Important: In order to improve comparability, historical data has been adjusted for the effect of bonus share issues. 8
Slide 9: Net Debt
NET DEBT SIX-MONTHLY EVOLUTION, SINCE 2020 EUR million and times EBITDA 400 4,0x 300 3,0x 233 215 200 173 2,0x 167 97 0.9x 100 0.8x 1,0x 0.6x 0.6x 0.4x 0 0,0x Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 9
Slide 10: FY 2022 Results | Main highlights
FY 2022 RESULTS | Main highlights ORGANIC TOP-LINE GROWTH OF 23.9% Sales in the year 2022 amounted to EUR 1,345.6 million, showing an organic growth of 23.9% EBITDA OF EUR 270.4 MILLION Exceeding last guidance and FY 2021 figure, reaching an operating margin of 20.1% LEVERAGE AT 0.6x EBITDA Net debt
Slide 11: Recent M&A Activity
RECENT M&A ACTIVITY Since January 31, 2023 our subsidiary in the UK Encirc Ltd. In early February 2023, Vidrala announced the owns the beverages filling facilities and the logistic acquisition of a minority stake of 29.36% in the infrastructure in Bristol, known as ‘The Park’. Brazilian company Vidr
Slide 12: Responsible
RESPONSIBLE CONSUMER CONSUMPTION COLLECTION THE JOURNEY OF A RECYCLED PACKAGING RECYCLING PRODUCTION asecreleg PON So INFINITE — CYCLE "edced bh vidrala
Slide 13: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) Vidrala publishes this information in order to promote comparability and interpretation of its financial information and in compliance with the Directive of the European Securities and Markets Authority (ESMA) on Alternative Performance Measures (APM).
Slide 14: Annex | Alternative Performance Measures (APM)
ANNEX | ALTERNATIVE PERFORMANCE MEASURES (APM) EUR million FY 2022 FY 2021 Source of data Profit before income tax from continuing operations 187,748 172,514 Consolidated Income Statement Amortisation and depreciation +85,460 +86,284 Consolidated Income Statement Finance income -2,819 -114 Consolida
Slide 15: Vidrala, S.A. Investor Relations
VIDRALA, S.A. Investor Relations Tel: +34 94 671 97 50 investors@vidrala.com www.vidrala.com