Vidrala FY2014 Results
-
Upload
vidrala -
Category
Investor Relations
-
view
115 -
download
1
Transcript of Vidrala FY2014 Results
![Page 1: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/1.jpg)
2014 RESULTS PRESENTATION
20 FEBRUARY 2015
100%45,045,546,046,547,047,548,048,549,010,012,014,016,018,020,046,047,048,049,050,051,052,053,054,0
![Page 2: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/2.jpg)
2014 KEY FIGURES
2
EUR in millions 2014 Change (yoy)
Sales 468.4 -1.0%
Operating income 69.6 -3.9%
Net income 51.6 -1.3%
EPS (EUR/share) 2.08 -1.0%
Free cash flow 72.3 +27.5%
Debt 67.9 -42.4%
![Page 3: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/3.jpg)
EPS (EARNINGS PER SHARE)
ADJUSTED, SINCE 2004
EUR/SHARE
3
2.08
0,00
0,50
1,00
1,50
2,00
2,50
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
![Page 4: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/4.jpg)
SALES
ANNUAL ACCUMULATED SINCE 2010
EUR in millions
405.9 433.3
456.9 472.9 468.4
0
50
100
150
200
250
300
350
400
450
500
2010 2011 2012 2013 2014
4
![Page 5: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/5.jpg)
SALES
HALF YEAR FIGURES SINCE 2012
EUR in millions
235.0 221.9
245.8 227.2
240.4 227.9
0
50
100
150
200
250
300
H1 H2
2012 2013 2014
yoy
-2.2% yoy
+0.3%
5
![Page 6: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/6.jpg)
OPERATING PROFIT (EBIT)
ANNUAL ACCUMULATED SINCE 2010
EUR in millions
62.9 61.0 65.3
72.4 69.6
0
10
20
30
40
50
60
70
2010 2011 2012 2013 2014 6
![Page 7: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/7.jpg)
OPERATING MARGIN (EBIT)
FIGURES SINCE 2005
EBIT as a percentage of sales
14.9%
0%
2%
4%
6%
8%
10%
12%
14%
16%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
7
![Page 8: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/8.jpg)
65.3 72.4 69.6 70.9
83.6 77.9
2012 2013 2014
EBIT EBITDA after CAPEX
OPERATING PROFILE
EBIT and EBITDA after Capex SINCE 2012
EUR in millions and as a percentage of sales
15.5% 17.7% (% of sales) 14.3% 14.9% 16.6% 15.3%
8
![Page 9: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/9.jpg)
CASH PROFILE
CASH GENERATION IN 2014
EUR in millions and as a percentage of sales
WORKING
CAPITAL INTERESTS
&
TAXES
CAPEX
23.2%
-2.1%
-6.5%
12.0%
EBITDA
2014
FREE CASH FLOW
2014
108.5
72.3
15.4%
+0.9%
9
![Page 10: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/10.jpg)
CASH ALLOCATION
2014
EUR in millions
(16.2)
DIVIDEND
PAYMENT (6.1)
SHARE
BUYBACKS
(50.0)
DEBT
REDUCTION
NET
INCOME
FREE
CASH
FLOW
10
NET
INCOME
FREE
CASH
FLOW
51.6
72.3
![Page 11: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/11.jpg)
FINANCIAL PROFILE
DEBT AND EQUITY, SINCE 2009 AT YEAR END
EUR in millions
DEBT/EBITDA 2.9x 2.2x 1.9x 1.5x 1.0x 0.6x
GEARING 102% 76% 61% 47% 31% 17%
11
257.0
218.9 189.3
159.6
117.9
67.9
252.0
287.0 311.8
338.5
374.5 404.5
0
50
100
150
200
250
300
350
400
DEC 2009 DEC 2010 DEC 2011 DEC 2012 DEC 2013 DEC 2014
DEBT SHAREHOLDERS' EQUITY
![Page 12: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/12.jpg)
ROCE* * EBIT after taxes for the year/capital employed for the year
SINCE 2009
12
11.5%
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
2009 2010 2011 2012 2013 2014
![Page 13: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/13.jpg)
DERRYLIN
County Fermanagh,Northern Ireland, UK
Built in 1998
Unique glass packaging plant in Ireland
ELTON
County Chesire , England, UK
Built in 2005
Largest glass packaging plant in Europe
Includes filling and logistics facilities
13
Appendix
ACQUISITION OF ENCIRC
![Page 14: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/14.jpg)
Appendix
PROFORMA 2014 FINANCIAL STATEMENTS
14
2014A 2014A 2014A PROFORMA
2014 Currency EUR GBP EUR* EUR
TURNOVER 468,8 245,5 304,5 773,3
Net sales 468,4 238,4 295,7 764,1
Other income 0,4 7,1 8,8 9,3
EBITDA 108,5 45,9 56,9 165,4
EBITDA margin** 23,2% 19,2% 19,2% 21,6%
EBIT 69,6 21,2 26,2 95,8
EBIT margin** 14,9% 8,9% 8,9% 12,4%
* EUR/GBP: 0.8062
** EBITDA and EBIT margins as a percentage of net sales
Encirc figures are pre-audited pending of reconciliation from UK GAAP to IFRS. Theses figures exclude certain items
management considers not representative of ongoing operations.
![Page 15: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/15.jpg)
Iberia
54%
Italy
12%
Rest of
continental
Europe
34%
Iberia
35%
UK&Ireland
35%
Italy
8%
Rest of
continental Europe
22%
2014 SALES BY GEOGRAPHY
+
+
UK
77%
Ireland
23%
15
Appendix
![Page 16: Vidrala FY2014 Results](https://reader030.fdocuments.in/reader030/viewer/2022021421/5871ba5a1a28ab55058b55d7/html5/thumbnails/16.jpg)
Q&A