Vidrala FY2013 Results

13
February 28, 2014 2013 Full year results

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Presentation about Vidrala's Business Performance for the FY 2013

Transcript of Vidrala FY2013 Results

Page 1: Vidrala FY2013 Results

February 28, 2014

2013

Full year results

Page 2: Vidrala FY2013 Results

2013 KEY FIGURES

2013 Change (yoy)

472.9 +3.5%

72.4 +10.8%

Net income 52.3 +12.4%

EPS (EUR/share) 2.20 +13.4%

56.7 +13.6%

Debt 117.9 -26.1%

Free cash flow

EUR in millions

Sales

Operating income

2

Page 3: Vidrala FY2013 Results

EPS (EARNINGS PER SHARE)

ADJUSTED, SINCE 2009

EUR/SHARE

2.20

0,00

0,50

1,00

1,50

2,00

2,50

2009 2010 2011 2012 2013 3

Page 4: Vidrala FY2013 Results

SALES

ANNUAL ACCUMULATED SINCE 2009

EUR in millions

382.4

405.9

433.3

456.9 472.9

300

350

400

450

500

2009 2010 2011 2012 2013 4

Page 5: Vidrala FY2013 Results

SALES

HALF YEAR FIGURES SINCE 2011

EUR in millions

219.4 213.9 235.0

221.9 245.8

227.2

0,0

50,0

100,0

150,0

200,0

250,0

300,0

H1 H2

2011 2012 2013

yoy

+4.6% yoy

+2.4%

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Page 6: Vidrala FY2013 Results

OPERATING PROFIT (EBIT)

ANNUAL ACCUMULATED SINCE 2009

EUR in millions

55.0

62.9 61.0

65.3

72.4

45

50

55

60

65

70

75

2009 2010 2011 2012 2013 6

Page 7: Vidrala FY2013 Results

OPERATING MARGINS (EBIT)

HALF YEAR FIGURES SINCE 2011

EBIT as a % of sales

13.5%

14.8%

14.0% 14.6%

15.0% 15.6%

10,0%

11,0%

12,0%

13,0%

14,0%

15,0%

16,0%

H1 H2

2011 2012 2013

yoy

+102.4 bp

yoy

+98.2 bp

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Page 8: Vidrala FY2013 Results

61.0 65.3

72.4

63.9

71.1

83.6

2011 2012 2013

EBIT EBITDA after CAPEX

OPERATING PROFILE

EBIT and EBITDA after Capex SINCE 2011

EUR in millions and % of sales

14.8% 14.3% 15.6% 15.3% (% of sales) 17.7% 14.1%

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Page 9: Vidrala FY2013 Results

FINANCIAL PROFILE

DEBT AND EQUITY, SINCE 2009 AT YEAR END

EUR in millions

DEBT/EBITDA 2.8x 2.2x 1.9x 1.5x 1.0x

GEARING 102% 76% 61% 47% 31%

257.0

218.9 189.3

159.6 117.9

252.0 287.0

311.8 338.5

374.5

0

50

100

150

200

250

300

350

400

DEC 2009 DEC 2010 DEC 2011 DEC 2012 DEC 2013

DEBT SHAREHOLDERS' EQUITY

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Page 10: Vidrala FY2013 Results

CASH PROFILE

CASH GENERATION IN 2013

EUR in millions and % of sales

114.0

56.7

EBITDA 2013 FREE CASH

FLOW 2013

WORKING

CAPITAL INTERESTS

&

TAXES

CAPEX

24.1%

2.7%

3.0%

6.4%

12.0%

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Page 11: Vidrala FY2013 Results

CASH ALLOCATION

2013

EUR in millions

(13.6)

DIVIDEND

PAYMENT SHARE

BUYBACKS

( 41.7)

DEBT

REDUCTION

52.3 56.7

NET

INCOME

FREE

CASH

FLOW

(1.4)

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Page 12: Vidrala FY2013 Results

ROCE* * EBIT after taxes for the year/capital employed for the year

SINCE 2009

11.4%

0,0%

2,0%

4,0%

6,0%

8,0%

10,0%

12,0%

2009 2010 2011 2012 2013 12

Page 13: Vidrala FY2013 Results

February 28, 2014

Q&A