SANLUIS Corporacion, S.A.B. de C.V. and Subsidiaries Results for the Third Quarter of 2013

MEXICO CITY, Oct. 23, 2013 /PRNewswire/ -- SANLUIS Corporacion, S.A.B. de C.V. (Mexican Stock Exchange Ticker: SANLUIS), a Mexican industrial company engaged in the design and manufacture of suspension and brake components for the automotive industry, announced today its financial results for the third quarter of 2013.

Third Quarter 2013 Highlights:

• Third quarter 2013 is SANLUIS Rassini's strongest quarter to date, reflecting the highest level of sales and EBITDA generation in the company´s history, amounting US$212.4 million and US$30.9 million, respectively.
• Consolidated sales increased 20% compared to the third quarter of 2012 and 14% on a year-to-date basis, reaching US$617.4 million for the first nine months of 2013.
• Compared to the same period in 2012, EBITDA increased 34% in the third quarter and 23% for the first nine months of 2013, as EBITDA growth continued to outpace sales growth. EBITDA for the first nine months of 2013 was US$85.7 million.
• Net operating cash flow for the third quarter was 117% higher compared to the same period in 2012, and totaled US$81.7 million on an accumulated basis for the first nine months of the year, 44% higher than the year-ago period.
• Consolidated income before taxes for the first nine months of the year reached US$41.2 million, 57% higher than the year-ago period.
• Consolidated Net Debt / annualized EBITDA ratio was 1.7x and EBITDA/Net Interest Expense was 4.5x as of September 30, 2013.
• S&P upgraded SANLUIS Rassini to 'B+' with a 'Stable' rating outlook on August 22, 2013.

For a complete overview of our financial results, please visit http://www.sanluisrassini.com/eng/.

SANLUIS will host a conference call on Thursday, October 24 at 9:00 am (US Central Time/Mexico City Time) / 10:00 am (US Eastern Time) to discuss its third quarter financial results and recent business activities.

The conference call may be accessed using the following numbers:

Please dial in approximately 10 minutes before the scheduled time of this call.

A replay of the conference call will be available starting from 12:00 pm (US Eastern Time) on October 24, 2013 to 12:00 pm (US Eastern Time) on October 31, 2013 using the following numbers:

SANLUIS

SANLUIS, through its brand SANLUIS Rassini, is a leader designer and manufacturer of suspension and brake components for the global automotive industry, mainly focused on original equipment manufacturers (OEMs).

SANLUIS Rassini is the world's largest producer of suspension components for light commercial vehicles as well as the largest fully integrated brake disc producer in the Americas and has seven manufacturing operations strategically located in North America and Brazil.

Suspension products include Leaf Springs (parabolic and multi-leaf) for light and commercial trucks, Coil Springs, Torsion Bars and Bushings. The Brake business manufactures Rotors, Drums, Brake Assemblies, Clutch Plates and Motor Balancers. Its solid and diversified customer base includes: General Motors, Ford Motor Company, Chrysler - Fiat, Nissan, Volkswagen, Toyota, MAN, Scania and Mercedes Benz among others.

Contact:

Francisco Freyre Servin
SANLUIS Corporacion, S.A.B. de C.V.
Tel: (5255) 5229-58-20
Fax: (5255) 5202-58-95
www.sanluisrassini.com 
e-mail: [email protected]

SOURCE SANLUIS Corporacion, S.A.B. de C.V.