Q1 2021 RESULTS

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Frederic SIPAHI - CEO

Yann ALBRAND - CFO

April 26th, 2021

1 I

AGENDA

Q1 2021 RESULTS

BUSINESS UNITS

PERSPECTIVES

2 I

Q1 2021 Results

3 I

Q1 2021 Highlights

Revenues at €356.6m

vs 376.1m in Q1 2019

EBITDA at € 54.8m

vs €41.4m in Q1 2019

EBIT at € 25.9m

vs €12.5m in Q1 2019

Net Income at € 11.8

vs € +1.6m in Q1 2019

FCF at € 33.0m

vs €-1.6m in Q1 2019

Net debt1 at € 261.1

vs € 262.1m end march 2019

Q1 2021 up 5% on a reported basis (+9.3% at constant exchange rate) outperforming in all regions. Q1 2021 still behind Q1 2019 (-5.2%)

  • EBITDA: 15.4% vs 11.3% in Q1 2020 and 11.0% in Q1 2019
  • Fixed costs down by 10.0m€ vs Q1 2019 (-14.3% )

EBIT: 7.3% vs 2.3% in Q1 2020 and 3.3% in Q1 2019

Net income at € 11.8m vs € -5.6m in Q1 2020 and € 1.6m in Q1 2019

Free Cash Flow positive at € 33.0m (-€0.4m in Q1 2020 and - € 1.6m in Q1 2019) thanks to higher EBITDA margin and favorable working capital

Net debt of € 261.1m versus vs € 291.3m end of 2020 and in line with March 2019

Figures with IFRS 5 -"Non-current assets held for sale and discontinued operations" (Filtration Brazilian/Spanish subsidiaries sold in December 2020/January 2021

1. FCF and Net debt excluding IFRS 16

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Q1 Sales

€m

January

February

March

Q1

2019

124.3

120.7

131.1

376.1

2020

124.9

122.7

91.8

339.4

2021

114.5

111.6

130.5

356.6

Delta % 2021 vs 2019

-7.9%

-7.5%

-0.5%

-5.2%

Delta % 2021 vs 2020

-8.3%

-9.0%

42.1%

5.0%

5 I

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Sogefi S.p.A. published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 06:31:07 UTC.