Mexico City, February 10, 2021. Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA*) (“Rotoplas” or “the Company”), America’s leading company in water products and services, reports its unaudited fourth quarter and cumulative January to December 2020 results. The information has been prepared under the International Financial Reporting Standards (IFRS).
Full Year 2020 Milestones
Figures in million Mexican pesos
- Rotoplas closed the year with record figures since the company was founded reaching record sales, Adjusted EBITDA and net profit.
- Despite the uncertainty and volatility brought by the pandemic, earnings guidance was 100% met.
- During the year, the main objective of the Flow transformation program was achieved, as the company registered an ROIC of 12.4%, 240 bps higher than the cost of capital.
- Net sales increased by 11.0% in the year driven by the strength of the second half in which record sales were reported for two consecutive quarters as well as double-digit growth in all countries in 4Q20, offsetting the operational impact from March to June as a result of the pandemic.
- Product sales increased by 12.1% over the year, driven by higher demand for water solutions related to the change in consumer habits, as well as the launch of new products and the growth of e-commerce.
- Sales of services for the year decreased by 2.1% due to the delay in the execution and/or closing of contracts for drinking fountains and water treatment and recycling plants due to the health crisis. bebbia reported record sales and doubled its customer base.
- Adjusted EBITDA1 for the year increased by 4.8%, as margin reached 18.2%, notwithstanding a Ps. 160 million impact related to operating restrictions and expenses for the safety of personnel in response to the pandemic.
- Net income before discontinued operations reached record levels with an increase of 55.5% for the year. Additionally, the cash conversion cycle was optimized by 17 days and the Net Debt / Adj. EBITDA leverage ratio closed at 0.6x.
- In 2020 Rotoplas (AGUA*) was the fifth best performing issuer on the Mexican Stock Exchange (BMV) with a return of over 70%.
1Adjusted EBITDA considers: operating income + depreciation and amortization + non-recurring expenses (donations and Flow implementation expenses). In 4Q20 it takes into account Ps. 71 million of Flow expenses and Ps. 1 million of donations and in 4Q19 it takes into account Ps. 2 million of donations. Cumulatively, it considers Ps. 167 million of Flow expenses and Ps. 10 million in donations in 2020 as well as Ps. 6 million for donations in 2019.
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Investor Relations Contact Details
Mariana Fernández
Tel: +52 (55) 5201 5000 Ext. 50163
E-mail: mfernandez@rotoplas.com
María Fernanda Escobar
Tel: +52 (55) 5201 5000 Ext. 50341
E-mail: mfescobar@rotoplas.com