VIDRALA, S.A.

BUSINESS PERFORMANCE H1 2021

MAIN FIGURES (SIX MONTHS ENDED)

June

June

Change

Change on

2021

2020

constant currency basis

Sales (EUR million)

529.5

474.4

+11.6%

+11.2%

EBITDA (EUR million)

149.4

122.4

+22.1%

+21.4%

Earnings per share (EUR)

2.88

2.19

+31.5%

Debt / LTM EBITDA (multiple)

0.6x

1.1x

-0.5x

Important: In order to improve comparability, last year's earnings per share has been adjusted for the effect of the bonus share issue carried out in December 2020.

Sales during the first six months 2021 amounted to EUR 529.5 million, showing an organic growth of 11.6%.

Operating profit, EBITDA, was EUR 149.4 million representing an operating margin of 28.2%.

Earnings reached EUR 2.88 per share, an increase of 31.5% over the previous year.

Net debt at June 30, 2021 stood at 0.6 times last twelve months EBITDA, reflecting a year-on-year reduction of 41%.

Earnings performance

Sales

Net sales reported by Vidrala during the first six months 2021 amounted to EUR 529.5 million, representing a reported change of 11.6% over the previous year. On a constant currency basis, sales increased organically 11.2%.

SALES

YEAR OVER YEAR CHANGE

EUR million

600

+11.2% +0.4%

500

529.5

474.4

400

300

H1 2020

Organic

FX effect

H1 2021

change

EUR/GBP:

EUR/GBP:

0.8746

0.8680

VIDRALA. Earnings Report. First half 2021. │ 2

Operating results

Operating profit -EBITDA- obtained in the first six months 2021 reached EUR 149.4 million, an increase of 22.1% over the figure reported last year. On a constant currency basis, EBITDA reflected an organic growth of 21.4%.

Over sales, EBITDA margin stood at 28.2%.

EBITDA

YEAR OVER YEAR CHANGE

EUR million

175

+21.4% +0.7%

125

149.4

122.4

75

25

H1 2020

Organic

FX effect

H1 2021

change

EUR/GBP:

EUR/GBP:

0.8746

0.8680

OPERATING MARGINS EBITDA

YEAR OVER YEAR CHANGE

As percentage of sales

30%

28.2%

28%

+242 bps

26%25.8%

24%

22%

H1 2020

H1 2021

VIDRALA. Earnings Report. First half 2021. │ 3

Results and financial position

Net profit in the first half 2021 amounted to EUR 81.6 million. As a result, earnings reached EUR 2.88 per share, an increase of 31.5% over the previous year.

Net debt at June 30, 2021 stood at EUR 173.2 million, reflecting a leverage ratio of 0.6 times last twelve months EBITDA.

DEBT

YEAR OVER YEAR EVOLUTION SINCE JUNE 2018

Debt in EUR million and times EBITDA

700

2,5x

600

2.1x

2,0x

500

1.6x

400

1,5x

1.1x

300

1,0x

200

478

402

0.6x

100

294

0,5x

173

0

0,0x

Jun-18

Jun-19

Jun-20

Jun-21

VIDRALA. Earnings Report. First half 2021. │ 4

Key figures

June

June

2021

2020

Sales (EUR million)

529.5

474.4

EBITDA (EUR million)

149.4

122.4

EBITDA margin (as percentage of sales)

28.2%

25.8%

EBIT (EUR million)

105.6

76.9

EBIT margin (as percentage of sales)

19.9%

16.2%

Net profit (EUR million)

81.6

62.2

Earnings per share (euros)

2.88

2.19

Debt (EUR million)

173.2

294.5

Debt / EBITDA (multiple)

0.6x

1.1x

First half 2021. │ 5

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Vidrala SA published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 05:57:10 UTC.