Gestamp Automocion S.a. · BME:GEST
Gestamp Automocion — Q3 2015 Earnings Presentation
12 slides from Gestamp Automocion's earnings presentation, Dec 2, 2015
Slide 1: Presentation of Third Quarter 2015 Results
Presentation of Third Quarter 2015 Results December 2, 2015
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for use at this presentation of our results for the quarter ended September 30, 2015. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presen
Slide 3: Presentation of Third Quarter 2015 Results
Presentation of Third Quarter 2015 Results Francisco J. Riberas Mera, President & CEO Francisco López Peña, Vice President & CFO Richard Egües, Director of Corporate Development
Slide 4: Highlights
Highlights • In the context of flat worldwide vehicle production during the third quarter, Gestamp’s consolidated revenue grew 4.7% to € 1.6 billion • Margin improvement vs. 2014 continued in Q3, as EBITDA grew 9.7% to € 161 million • YTD revenue grew 10.7% to €5.1 billion, while YTD EBITDA grew 14.
Slide 5: Revenue (€ Millions) – 1/3
Revenue (€ Millions) – 1/3 TOTAL REVENUE Consolidated revenue growth during the quarter was 4.7%, or € 72 million +10.7% Market Production (*) 5,063 Market Production(*) 4,573 Growth in the quarter consisted -0.5% 0.6% of € 58 million revenue growth +4.7% in North America, € 47 million 1,594 in
Slide 6: Revenue (€ Millions) – 2/3
Revenue (€ Millions) – 2/3 EASTERN EUROPE Sales during the quarter in Eastern Europe were somewhat flat overall, although growth in +0.4% Turkey, Czech and Hungary Market Prodution (*) 492 494 Market Production(*) mitigated 18.5% sales declines in Russia -0.8% -0.6% -1.3% Currency devaluations i
Slide 7: Revenue (€ Millions) – 3/3
Revenue (€ Millions) – 3/3 SOUTH AMERICA In South America, sales growth in Argentina during the quarter could not compensate significant -18.2% declines in Brazil Market Production(*) 422 Market Production(*) 345 -21.2% -17.7% For the quarter, the devaluation -36.3% of the Brazilian Real impacte
Slide 8: EBITDA (€ Millions)
EBITDA (€ Millions) Q3 2015 EBITDA EBITDA (%) +14.6% 531 10.7% 10.4% 10.5% 10.3% 10.6% 10.4% 10.5% 463 10.1% 10.1% 9.7% +9.7% 147 161 FY 2013 FY 2014 Q1 2014 Q1 2015 Q2 2014 Q2 2015 Q3 2014 Q3 2015 YTD 2014/09 YTD 2015/09 Q3 2014 Q3 2015 YTD 2014/09 YTD 2015/09 Growth at constant FX: 7.3%: Growth at
Slide 9: Investments in Fixed Assets
Investments in Fixed Assets Third Quarter YTD September 30, 2014 2015 2014 2015 (Millions of Euros) (Millions of Euros) Capital expenditures Intangible assets 18.3 15.0 52.4 66.4 Tangible assets 97.6 113.0 258.8 326.3 Total 115.9 128.0 311.2 392.7 Net payments on investments Intangible assets 17.4 1
Slide 10: Net Financial Debt
Net Financial Debt September 30, December 31, September 30, 2014 2014 2015 (Millions of Euros) Interest bearing loans and borrowings 1.805,6 1.764,8 1.839,5 Financial leasing 28,6 28,6 35,7 Borrowings from associated companies 98,4 99,4 101,6 Other financial debts 80,1 76,7 40,6 Total Financial Debt
Slide 11: Comments on some key Q3 topics
Comments on some key Q3 topics • Going into Q3 there were major concerns about Chinese growth prospects, and as we finished the quarter Dieselgate came to light • Regarding China, Q3 was indeed marked by an unprecedented decline in production volumes, leading to flat FX-adjusted Chinese sales during
Slide 12: Closing remarks and outlook
Closing remarks and outlook • Third quarter market production in our footprint is traditionally weak and/or erratic • 2015 Year-to-date continues to show positive results, with weaker- than-expected market environments in Brazil and Russia, and to some extent China, mitigated by more robust markets