AD Plastik d.d. · ZSE:ADPL
AD Plastik d.d — FY2020 and Q1 2021 Earnings Presentation
22 slides from AD Plastik d.d's earnings presentation, 2021
Slide 1: 2020 and the first quarter of 2021 results
2020 and the first quarter of 2021 results
Slide 2: Contents
Contents Main features and financial results 2020 Main features and financial results Q1 2021 Expectations and challenges 2021 www.adplastik.hr 2020 and the first quarter of 2021 results • 2
Slide 3: Main features of the year 2020
Main features of the year 2020 Decline in revenue as a consequence of pandemic Liquidity and financial stability preserved Increase in orders in the last quarter New deals sealed amounting to EUR 130.6 million 67 active projects www.adplastik.hr 2020 and the first quarter of 2021 results • 3
Slide 4: Decline in revenue as a consequence of pandemic
Decline in revenue as a consequence of pandemic European market Russian market Russian market 22% Revenue realized Revenue realized 947.8 MHRK (-22.9%) 270.7 MHRK (-13.3%) 1,219 MHRK -20.9% Number of newly registered cars Number of newly registered cars 9.9 M (-23.7%) 1.6 M (-9.1%) Expectations 2021
Slide 5: Financial stability preserved
Financial stability preserved Response to pandemic • NFD/EBITDA 2.02 ADP COVID-19 PROTOCOL • Cash 62.7 MHRK (31 Dec 2020) • Unused short-term credit lines Cost rationalization • Government grants to preserve jobs 21.5 MHRK • Moratorium on credit 73 MHRK Revised investments Grants to preserve jobs Mo
Slide 6: Deals sealed worth EUR 130.6 million
Deals sealed worth EUR 130.6 million European market • 45.3 M€ Deals sealed 2017 - 2020 250 214,9 200 Suzuki PSA Group FCA Group Other customers 156,7 24.0 M€ 15.9 M€ 4.0 M€ 1.4 M€ 150 136,2 130,6 100 Russian market • 85.3 M€ 50 0 2017. 2018. 2019. 2020. Renault-Nissan-Avtovaz Alliance Other custome
Slide 7: Financial results 2020 - operating revenue
Financial results 2020 Operating revenue (MHRK) Effect on revenue 1600 1,541.1 1400 Russia • Pandemic 20.7% 1,218.6 1200 Russia 1,107.6 • New projects 1000 22.2% 871.7 800 EU+Serbia 600 79.3% EU+Serbia 400 77.8% 200 0 2019 2020 2019 2020 AD Plastik Group AD Plastik d.d. www.adplastik.hr 2020 and the
Slide 8: Financial results 2020 - EBITDA
Financial results 2020 EBITDA (MHRK) EBITDA EBITDA margin Effect on EBITDA 197.5 200 40% 180 165.9 35% • Pandemic 160 30% • Sales of non-operating 140 121.7 118.4 25% fixed assets 120 100 20% • Measures to preserve jobs 80 13.6% 15% 11.0% • Profitability of new 60 13.6% 12.8% 10% projects 40 20 5% 0
Slide 9: Financial results 2020 - net profit
Financial results 2020 Net profit (MHRK) Net profit Net profit margin Effect on net profit 100 93.3 20% 90 18% • Decreased EBITDA 80.8 80 16% • Negative exchange rate 68.6 70 14% differences 60 12% • Decreased profit of 50 46.9 10% EAPS 40 8% 30 7.3% 7.9% 6% 6.1% 20 4% 10 3.9% 2% 0 0% 2019 2020 2019
Slide 10: Financial results 2020 - debt
Financial results 2020 Debt (MHRK) NFD NFD/EBITDA Effect on debt 450 440.5 10,00 • Sales of non-operating 400 8,00 fixed assets 376.6 • Collection of part of tools 350 335.8 6,00 • Investments reduction 294.9 • Dividend payment from 300 4,00 EAPS 3.10 250 2.50 2,00 2.23 2.02 200 0,00 2019 2020 2019
Slide 11: Financial results 2020 - investments and capacity utilization
Financial results 2020 Investments • Investment Plan revised Capacity utilization • Investments deferred • EU+Serbia 70% • Russia 75% 2019 2020 162 67 MHRK MHRK www.adplastik.hr 2020godine Rezultati 2020. and the first quarter i prvog kvartalaof2021. 2021godine results • 11
Slide 12: Financial results 2020 - affiliated company EAPS (JV)
Financial results 2020 - affiliated company EAPS (JV) • Impact of pandemic REVENUE 541.9 MHRK (-32.5%) • One hundred percent profit paid out in 2019 • No financial debt EBITDA 69.8 MHRK (-42.6%) • Capex 17.7 MHRK • Cash on account 88.6 MHRK EBITDA margin 12.9% NET PROFIT 40.0 MHRK (-50.9%) www.adpla
Slide 13: Financial results Q1 2021
Main features and financial results 2020 Financial results Q1 2021 Expectations and challenges 2021 www.adplastik.hr 2020 and the first quarter of 2021 results • 13
Slide 14: Main features Q1 2021
Main features Q1 2021 Impact of pandemic Shortage of semiconductors in the market Stable financial position preserved Dividend form retained earnings paid out 43 active projects www.adplastik.hr 2020 and the first quarter of 2021 results • 14
Slide 15: Main features Q1 2021 - operating revenue
Main features Q1 2021 Operating revenue (MHRK) Effect on revenue 400 362.6 • Pandemic 350 Russia 327.2 21.1% • Shortage of 300 Russia 27.0% 258.9 semiconductors 250 217.4 200 150 EU+Serbia 78.9% EU+Serbia 100 73.0% 50 0 Q1 2020 Q1 2021 Q1 2020 Q1 2021 AD Plastik Group AD Plastik d.d. www.adplastik.h
Slide 16: Main features Q1 2021 - EBITDA
Main features Q1 2021 EBITDA (MHRK) EBITDA EBITDA margin Effect on EBITDA 80 40% 70 35% 62.7 • Pandemic 60 30% 52.3 • One-time effects 2020 50 45.3 25% 40 20% 29.0 30 17.3% 17.5% 15% 16.0% 20 13.3% 10% 10 5% 0 0% Q1 2020 Q1 2021 Q1 2020 Q1 2021 AD Plastik Group AD Plastik d.d. www.adplastik.hr 2020
Slide 17: Main features Q1 2021 - net profit
Main features Q1 2021 Net profit (MHRK) Net profit Net profit margin Effect on net profit 40 20% 35 18% 31.5 16% 30 28.2 25.8 14% 25 • Decreased EBITDA 12% 12.2% • Positive exchange rate 20 10% 8% differences 15 12.0 7.8% 7.9% 6% • Decreased profit of 10 5.5% 4% EAPS 5 2% • Decreased dividend 0 0% i
Slide 18: Main features Q1 2021 - debt
Main features Q1 2021 Debt (MHRK) NFD NFD/EBITDA Effect on debt 400 10,00 335.8 334.6 350 • Regular loan repayment 294.9 291.5 8,00 300 • Realization of HBOR credit 250 6,00 200 150 4,00 100 2.86 2,00 2.50 50 2.02 2.15 0 0,00 Q1 2020 Q1 2021 Q1 2020 Q1 2021 AD Plastik Group AD Plastik d.d. www.adpla
Slide 19: Financial results Q1 2021 - affiliated company EAPS (JV)
Financial results Q1 2021 - affiliated company EAPS (JV) • Impact of pandemic (shortage of REVENUE 127.3 MHRK (-20.8%) semiconductors) • No financial debt • Capex 2.6 MHRK EBITDA 10.0 MHRK (-48.1%) • Cash on account 75.2 MHRK EBITDA margin 7.9% PROFIT 4.5 MHRK (-58.4%) www.adplastik.hr 2020 and the
Slide 20: Expectations and challenges 2021
Main features and financial results 2020 Financial results Q1 2021 Expectations and challenges 2021 www.adplastik.hr 2020 and the first quarter of 2021 results • 20
Slide 21: Expectations and challenges in 2021
Expectations and challenges in 2021 • Pandemic REVENUE GROWTH 3 percent • Shortage of semiconductors • Material price increase EBITDA margin > 12.5 percent Net profit margin > 4.5 percent www.adplastik.hr 2020 and the first quarter of 2021 results • 21
Slide 22: Questions and answers
Questions and answers Your needs. Our drive. www.adplastik.hr
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