KPI1_FR

INCOME STATEMENT

SR1
Automotive and related distribution
Including Michelin Travel Partner and other Experiences activities
SR2
Road transportation and related distribution
SR3
Specialty business and related distribution
Mining, Off the road, Two-wheel and aircraft tires, High-Tech Materials, Michelin Lifestyle Ltd

Sales (in € million)

21,960 2017
22,028 2018
24,135 2019
4,061 5,946 11,953 2017
4,318 6,378 11,332 2018
5,836 6,448 11,851 2019
SRlegende

Segment operating income (in € million)

2,742 2017
2,775 2018
3,009 2019
794 483 1,464 2017
868 612 1,285 2018
1 091 597 1,321 2019
SRlegende

Segment operating income (as a % of sales)

 

 

12.5% 2017
12.6% 2018
12.5% 2019
SRChartSegmentOperatingMargin

Net income (in € Million)

1,693 2017
1,660 2018
1,730 2019
ImageChiffresCles

Per share data

Basic earning per share (in €)

9.39 2017
9.30 2018
9.69 2019

Dividend per share

2€*

Yield

1.8%*

 

* In the current global health crisis, and commitment to optimally balance the interests of all its stakeholders, the Group has decided to reduce the amount of the proposed 2019 dividend to €2, compared with the initially announced

Cost structure

KPIsEN2

Breakdown of expenses per nature (as a % of sales)

SalesTab

Raw material cost (in %)

Cash flow and balance sheet

Segment EBITDA (in € million)

4,087 2017
4,119 2018
4,763 2019*

Segment EBITDA (as a % of sales)

18.6 % 2017
18.7% 2018
19.7% 2019*

* incl. IFRS16 impact

Capital expenditure (in € million)

1,771 2017
1,669 2018
1,801 2019

Capital expenditure (as a % of sales)

 

8.1% 2017
7.6% 2018
7.5% 2019

Structural free cash flow (in € million)

Definition

The structural free cash flow is defined as free cash flow before acquisitions, adjusted for the impact of raw materials prices on trade receivables, trade payables and inventories

* incl. Zero-coupon payment interest (2017 OCEANE convertible bonds) for €193m

** incl. IFRS16 impact

Net debt
€5,184M
Net debt-to-equity ratio
39%
Net debt-to-ebitda ratio
1.09
ROCE*
13.7%

* ROCE measures the profitability of the capital employed by the group (details of the calculation in chapter 3.6 of the 2019 annual results guide).

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