Full Year 2022 Faurecia SE Earnings Call Transcript
Welcome to our 2022 results presentation. On the agenda today, we will start with the 2022 key highlights. Then Olivier will present in more details our 2022 results. And finally, we will communicate the 2023 guidance and our key takeaways. But we will start with a short video, which is summarizing the key elements of 2022.
(presentation)
Our key highlights. The key words for 2022, growth, resilience, cash generation and deleveraging. The step change in size first, we achieved EUR 25.5 billion of sales, which means plus 63% versus 2021; on an organic basis, plus 17%. And if I exclude the inflation, we are more -- we are above 10%. And resilient operating margin with an H2 operating margin of 5% and 4.4% for the full year above EUR 1.1 billion. Strong net cash flow at EUR 471 million for 2022, representing 1.9% of our sales and with deleveraging performance, while we went down from 3.1x net debt to adjusted EBITDA ratio at June 30, 2022, to 2.6x at
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