Nine Months 2019 Results Contents 1 Main features 2 Sales 3 - PowerPoint PPT Presentation

Nine Months 2019 Results

Contents 1 Main features 2 Sales 3 Results 9M 2019 4 Expectations 2019 www.adplastik.hr 2

Main features Revenue above market movements Clio lio 5 and Tw Twingo 1,0 1,095.32 MHRK 133.54 MHRK 13 REVENUE +16.6% EBITDA +3.57% start of serial production 174.9 MEUR 17 of new deals 12.2% 12 2.58 2. EBITDA MARGIN NFD/EBITDA HRK 12 12.5 per sha hare dividend (dividend yield 7.2%) Cap apacity expansion 63.86 MHRK 5.8% PROFIT+6.28% in Croatia and Russia NET PROFIT MARGIN www.adplastik.hr 3

European market AD Plastik Group 9M 2019 New car market in the EU, millions of pieces 859.18 MHRK Revenue Average annual growth 0.5% 24.84% Growth 15,5 15,2 15,2 15,1 15,0 14,9 14,6 European market 9M 2019 13,7 12,6 11.8 M Newly registered 11,9 cars -1.6% Drop Russian market 21.56% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 78.44% European market Source: ACEA, AD Plastik Group www.adplastik.hr 4

Russian market AD Plastik Group 9M 2019 New car market in Russia, millions of pieces 236.14 MHRK Revenue Average annual growth 5.4% -5.97% Drop 2,8 2,5 Russian market 9M 2019 2,2 2,1 1.3 M Newly registered 1,9 1,8 1,8 cars 1,6 1,6 -2.0% Drop 1,4 Russian market 21.56% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 78.44% European market Source: PWC analysis, February 2019 www.adplastik.hr 5

New deals 174.9 MEUR THE MOST SIGNIFICANT DEALS NEW DEALS SEALED Renault Logan and Sandero 83.4 MEUR 57.0 MEUR EUROPEAN MARKET PSA Group 26.1 MEUR 117.9 MEUR RUSSIAN MARKET Lada Granta 24 MEUR 7,7 years AVERAGE DURATION OF PROJECTS Fiat 500e and Jeep Compass 20.7 MEUR www.adplastik.hr 6

Key projects Renault Clio (6/2019) 160M€ in 5 years the second best-selling vehicle in Europe Renault Twingo (4/2019) 100M€ in 5 years Ford Puma (10/2019) 80M€ in 8 years Smart (11/2019) 21.6M € in 4 years Renault Logan and Sandero (Q2/2021) 83.4M € in 8 years among the 15 best-selling cars in Russia www.adplastik.hr 7

Operating revenue (MHRK) 1.200,0 1.095,3 1.000,0 939,4 Russia Effect on revenue 21.6% Russia revenue of the Hungarian 774,7 • 800,0 26.7% company Tisza Automotive 692,5 realization of projects in the • 600,0 parent company - Renault Group, Hella, Ford, EU+Serbia 400,0 EU+ Serbia PSA Group 78.4% 73.3% revenue from tools growth • 200,0 in the parent company 0,0 9M 2018 9M 2019 9M 2018 9M 2019 AD Plastik Group AD Plastik d.d. www.adplastik.hr 8

EBITDA 150,0 30% 133,5 128,9 25% 120,0 20% 90,0 80,2 Effect on EBITDA 67,6 15% Serial production for the • 13,7% 10,4% 60,0 new projects in the parent 9,8% 12,2% 10% company (Twingo and Clio 5) has started 30,0 5% Tisza Automotive • 0,0 0% 9M 2018 9M 2019 9M 2018 9M 2019 AD Plastik Group AD Plastik d.d. EBITDA (MHRK) EBITDA margin EBITDA (MHRK) EBITDA margin www.adplastik.hr 9

Net profit 70,0 20% 63,9 63,2 60,1 60,0 15% 56,4 Effect on net profit EBITDA growth in the Group • 50,0 10% and the parent company 9,1% Lower negative exchange • 7,3% rate differences in the 6,4% 40,0 5% 5,8% Group Lower dividend income in • the parent company 30,0 0% 9M 2018 9M 2019 9M 2018 9M 2019 AD Plastik Group AD Plastik d.d. Net profit (MHRK) Net profit margin Net profit (MHRK) Net profit margin www.adplastik.hr 10

Debt 450,0 10,00 428,5 400,0 8,00 381,1 357,1 350,0 6,00 Effect on debt 310,0 Investments in the parent • 300,0 4,00 company 3,82 3,81 Financing part of the tools • 2,58 250,0 2,00 2,36 for new projects 200,0 0,00 2018 9M 2019 2018 9M 2019 AD Plastik Group AD Plastik d.d. NFD (MHRK) NFD/EBITDA NFD (MHRK) NFD/EBITDA www.adplastik.hr 11

Investments 93.1 MHRK INVESTED IN TANGIBLE ASSETS Capacity utilization • EU+Serbia > 90% • Russia > 85% 32. 2.4 MHRK INVESTED IN INTANGIBLE ASSETS www.adplastik.hr 12

Affiliated company EAPS (JV) EAPS AD PLASTIK GROUP + EAPS High capacity level 603 03.18 MHRK 89 89.38 MHRK 1,385.9 MHRK 1,3 17 178.23 MHRK REVENUE -0.8% EBITDA +9.1% REVENUE +12.2% EBITDA +4.9% No financial debt 59.9 MHRK Payment of 63.9 .9 MHRK 80% of 2018 PROFIT +2.6% PROFIT +6.3% profit EBITDA margin 14 14.8% EBITDA margin 12. 12.9% www.adplastik.hr 13

Expectations 2019 > > 14 14% 12 12% REVENUE GROWTH EBITDA MARGIN 6% 6% NET PROFIT MARGIN www.adplastik.hr 14

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