Q3 2022 Earnings Presentation
Profit & Loss 2022 vs 2021 (1)
Figures in US $k
Three months ended September 30,
2022
% Sales
2022 vs 2021
Nine months ended September 30,
2022 vs 2021
2021 % Sales
$A
% A
2022
% Sales
2021 % Sales
$ A
% A
Operating revenues
Raw materials
Direct labor
Indirect costs
Cost of sales
201,780 100.0%
131,659 100.0%
70,121
53.3%
505,452 100.0%
364,966 100.0%
140,486
38.5%
51,021
25.3%
5,759 2.9%
39,704 19.7%
96,484 47.8%
Gross profit
105,296 52.2%
45,536 34.6%
4,933 3.7%
29,641 22.5%
80,110 60.8%
51,549 39.2%
5,485
826
10,063
16,374 20.4%
53,747 104.3%
12.0%
16.7%
33.9%
142,728 28.2%
16,099 3.2%
107,364 21.2%
266,191 52.7%
239,261
47.3%
120,400 33.0% 22,328
13,544 3.7% 2,555 18.9%
85,034 23.3% 22,330 26.3%
218,978 60.0% 47,213 21.6%
145,988 40.0% 93,273 63.9%
18.5%
Administrative & Other expenses
Selling expenses
SG&A & other operating expenses
14,914 7.4%
20,250 10.0%
35,164 17.4%
Operating income
70,132 34.8%
Adjusted EBITDA
78,500
38.9%
8,351 6.3% 6,563 78.6%
13,310 10.1% 6,940 52.1%
21,661 16.5% 13,503 62.3%
29,888 22.7% 40,244
38,479 29.2% 40,021 104.0%
39,442 7.8%
50,234 9.9%
89,676 17.7%
134.6%
149,585 29.6%
178,421
35.3%
25,476 7.0% 13,966 54.8%
36,423 10.0% 13,811 37.9%
61,899 17.0% 27,777 44.9%
84,089 23.0%
108,020 29.6%
65,496 77.9%
70,401 65.2%
Non-operating revenues, net
2,455
1.2%
Foreign currency transaction gains (losses)
(450)
-0.2%
1,430 1.1%
188 0.1%
Extinguishment of Debt- Amortized Costs
0
0.0%
Interest expense
(2,249)
-1.1%
175 0.1%
(2,156) -1.6%
(175)
(93)
1,025 71.7%
(638) -339.4%
-100.0%
4.3%
6,207
(856)
1.2%
-0.2%
0
(5,432)
0.0%
-1.1%
3,239 0.9%
333 0.1%
(10,803) -3.0%
2,968 91.6%
(1,189) -357.1%
10,803 -100.0%
(8,120) -2.2%
2,688 -33.1%
(Loss) income before taxes
69,888
34.6%
29,525 22.4%
40,363
136.7%
149,504
29.6%
68,738 18.8%
80,766 117.5%
Income Tax Provision
22,966
11.4%
Net (loss) income
46,922
23.3%
Less: Net income attributable to non-controlling interest
(197) -0.1%
0.0%
Net income (loss) attributable to parent
46,725 23.2%
8,866 6.7% 14,100 159.0%
20,659 15.7% 26,263
(20)
(177)
20,639 15.7% 26,086 126.4%
48,216 9.5%
20,155 5.5%
28,061 139.2%
127.1%
101,288 20.0%
48,583 13.3% 52,705 108.5%
885.0%
(516) -0.1%
100,772 19.9%
(160) 0.0%
48,423 13.3%
(356) 222.5%
52,349 108.1%
47,956 23.8%
21,226 16.1%
26,730 125.9%
106,334
21.0%
57,889 15.9% 48,446 83.7%
0.98
0.43
2.11
1.02
1.01
0.45
2.23
1.21
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
Notes:
47,674,773
47,674,773
47,674,773
1. Adjusted EBITDA excludes non-recurring and non-cash expenses mainly associated with our bond issuance and respective extinguishment of former debt, withholding taxes associated with payments to bondholders, acquisition
related costs and other non-recurring items
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