Vidrala Sa · BME:VID

Vidrala Sa — FY2013 Earnings Presentation

13 slides from Vidrala Sa's earnings presentation, Feb 28, 2014

  1. Slide 1: Full year results

    2013 Full year results February 28, 2014

  2. Slide 2: 2013 Key Figures

    2013 KEY FIGURES EUR in millions 2013 Change (yoy) Sales 472.9 +3.5% Operating income 72.4 +10.8% Net income 52.3 +12.4% EPS (EUR/share) 2.20 +13.4% Free cash flow 56.7 +13.6% Debt 117.9 -26.1% 2

  3. Slide 3: EPS (Earnings per Share)

    EPS (EARNINGS PER SHARE) ADJUSTED, SINCE 2009 EUR/SHARE 2,50 2.20 2,00 1,50 1,00 0,50 0,00 2009 2010 2011 2012 2013 3

  4. Slide 4: Sales

    SALES ANNUAL ACCUMULATED SINCE 2009 EUR in millions 500 472.9 456.9 450 433.3 405.9 400 382.4 350 300 2009 2010 2011 2012 2013 4

  5. Slide 5: Sales

    SALES HALF YEAR FIGURES SINCE 2011 EUR in millions 2011 2012 2013 yoy 300,0 +4.6% yoy +2.4% 250,0 235.0 245.8 227.2 219.4 213.9 221.9 200,0 150,0 100,0 50,0 0,0 H1 H2 5

  6. Slide 6: Operating Profit (EBIT)

    OPERATING PROFIT (EBIT) ANNUAL ACCUMULATED SINCE 2009 EUR in millions 75 72.4 70 65.3 65 62.9 61.0 60 55.0 55 50 45 2009 2010 2011 2012 2013 6

  7. Slide 7: Operating Margins (EBIT)

    OPERATING MARGINS (EBIT) HALF YEAR FIGURES SINCE 2011 EBIT as a % of sales 2011 2012 2013 yoy yoy +98.2 bp 16,0% +102.4 bp 15.6% 15.0% 15,0% 14.8% 14.6% 14.0% 14,0% 13.5% 13,0% 12,0% 11,0% 10,0% H1 H2 7

  8. Slide 8: Operating Profile

    OPERATING PROFILE EBIT and EBITDA after Capex SINCE 2011 EUR in millions and % of sales EBIT EBITDA after CAPEX 83.6 71.1 72.4 63.9 65.3 61.0 (% of sales) 14.1% 14.8% 14.3% 15.6% 15.3% 17.7% 2011 2012 2013 8

  9. Slide 9: Financial Profile

    FINANCIAL PROFILE DEBT AND EQUITY, SINCE 2009 AT YEAR END EUR in millions DEBT SHAREHOLDERS' EQUITY 400 374.5 350 338.5 311.8 300 287.0 257.0 252.0 250 218.9 200 189.3 159.6 150 117.9 100 50 0 DEC 2009 DEC 2010 DEC 2011 DEC 2012 DEC 2013 DEBT/EBITDA 2.8x 2.2x 1.9x 1.5x 1.0x GEARING 102% 76% 61% 47%

  10. Slide 10: Cash Profile

    CASH PROFILE CASH GENERATION IN 2013 EUR in millions and % of sales 114.0 WORKING CAPITAL INTERESTS 2.7% & TAXES 56.7 3.0% CAPEX 6.4% 24.1% 12.0% EBITDA 2013 FREE CASH FLOW 2013 10

  11. Slide 11: Cash Allocation

    CASH ALLOCATION 2013 EUR in millions 56.7 52.3 (13.6) (1.4) DIVIDEND PAYMENT SHARE FREE BUYBACKS NET CASH INCOME FLOW ( 41.7) DEBT REDUCTION 11

  12. Slide 12: ROCE

    ROCE* * EBIT after taxes for the year/capital employed for the year SINCE 2009 12,0% 11.4% 10,0% 8,0% 6,0% 4,0% 2,0% 0,0% 2009 2010 2011 2012 2013 12

  13. Slide 13: Q&A

    Q&A February 28, 2014

Vidrala — FY2013 Earnings Presentation on 6ix