Tecnoglass (TGLS) Investor Presentation
Profit & Loss 2023 vs 2022
Figures in U.S. $k
Notes:
1.
(1)
Three months ended March 31,
2023
% Sales
2023 vs 2022
2022 % Sales
$A
% A
Operating revenues
Raw materials
Direct labor
Indirect costs
202,639
100.0%
134,548 100.0%
68,091
50.6%
Cost of sales
53,066 26.2%
4,516 2.2%
37,302 18.4%
94,884 46.8%
Gross profit
107,755
53.2%
39,638 29.5%
6,047 4.5%
28,530 21.2%
74,215 55.2%
60,333 44.8%
13,428 33.9%
(1,531) -25.3%
8,772 30.7%
20,669 27.9%
47,422
78.6%
Administrative & Other expenses
Selling expenses
17,755
16,320 8.1%
8.8%
SG&A & other operating expenses
34,075 16.8%
12,999 9.7%
13,368 9.9%
26,367 19.6%
4,756
2,952
7,708 29.2%
36.6%
22.1%
Operating income
73,680 36.4%
Adjusted EBITDA
85,836 42.4%
33,966 25.2%
45,351 33.7%
39,714
116.9%
40,485
89.3%
Non-operating revenues, net
2,736 1.4%
Foreign currency transaction gains (losses)
(1,100) -0.5%
Interest expense
(2,273)
-1.1%
1,922 1.4%
(2,909) -2.2%
(1,468) -1.1%
1,809
(805)
814 42.4%
-62.2%
54.8%
(Loss) income before taxes
Current Tax provision
Deferred Tax Provision
Net (loss) income
Less: Net income attributable to non-controlling interest
73,043
36.0%
31,511 23.4%
41,532 131.8%
24,515
156
12.1%
0.1%
12,126 9.0%
12,389 102.2%
(1,568) -1.2%
1,724 -109.9%
48,372
23.9%
20,953 15.6%
27,419 130.9%
(137)
-0.1%
48,235
23.8%
(100) -0.1% (37) 37.0%
20,853 15.5% 27,382 131.3%
51,506 25.4%
25,355 18.8% 26,151 103.1%
1.01
0.44
1.08
0.53
Net income (loss) attributable to parent
Adjusted Net Income
Diluted income (loss) per share
Diluted Adjusted net income (loss) per share
Diluted weighted average common shares outstanding in
thousands
47,674,773
47,674,773
Adjusted EBITDA, Adjusted Net Income and Adjusted EPS excludes non-recurring and non-cash expenses mainly associated with non-cash foreign exchange transaction gains or losses, non-recurring
professional fees and other non-core items, and include the proportional contribution of the Company's joint venture with Saint-Gobain.
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