Dividends, For Investors - Corticeira Amorim, Cork Sector World Leader

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For Investors

Each year, Corticeira Amorim gives due consideration, in the context of its operations – specifically net income accrued, debt levels and future investment and financing requirements for ensuring adequate economic and financial balance – to the proposal for appropriation of profits to be submitted to the Annual General Meeting.

Dividend per share & payout ratio

Dividend per share (€)

Payout ratio (%)

NOTES

Dividends by payment year;
Dividend yield considers: average share price of 2.04€, 2.85€ and 4.34€, respectively for 2013, 2014 and 2015;
2015 dividend includes extraordinary payment of 25.9 M€ from the gains accrued in the ABB of treasury stock (Sep. 2015).

2018: 35.9 M€; 2.4% of dividend yield (24.6 M€ + 11.3 M€)

2017: 34.6 M€; 3.06% de dividend yield (23.9 M€ + 10.6 M€)

2016: 31.9 M€; 5.5% of dividend yield (21.3 M€ + 10.6 M€)

2015: 0.2 M€; 13.5% of dividend yield (17.6 M€ + 32.6 M€)

2014: 23.9 M€; 9.3% of dividend yield (15.1 M€+ 8.8 M€)

Key Figures

		2012	2013	2014	2015	2016	2017	2018
Issued shares	Qt.	133.000.000	133.000.000	133.000.000	133.000.000	133.000.000	133.000.000	133.000.000
Year-end share price	€	1,600	2,210	3,020	5,948	8,500	10,300	9,000
Average share price	€	1,420	2,040	2,850	4,340	7,303	11,067	10,604
Earnings per share	€	0,246	0,242	0,285	0,431	0,772	0,772	0,582
Dividend payed per share	€	0,160	0,160	0,190	0,385	0,240	0,260	0,270
1st payment	€	0,065	0,100	0,120	0,140	0,160	0,180	0,185
2nd payment	€	0,095	0,060	0,070	0,245	0,08	0,080	0,085
Payout	%	84,2%	68,5%	83,3%	143,21%	58,02%	33,67%	49,17%
Dividend Yield	%	14%	11,3%	9,3%	13,5%	5,5%	3,6%	2,4%

NOTES:

Dividend of year N-1 is payed in Year N;
Dividend yield per share = dividend per share/average share price (N-1).

Latest Dividends Communications

2 of December 2019

Payment of a gross dividend of 0.085€ per share from the 19th December 2019

12 of April 2019

Payment of a gross dividend of 0.185€ per share from the 30th April 2019

3 of December 2018

Payment of a gross dividend of 0.085€ per share from 19th December 2018

13 of April 2018

Payment of a gross dividend of 0.185€ per share from 30th April 2018

Corticeira Amorim, SGPS, S.A.

Rua de Meladas, 380 - P.O. Box 20
4536-902 MOZELOS VFR - PORTUGAL

Investor Relations
Tel.: +351 227 475 400
Fax.: +351 227 475 407
corticeira.amorim@amorim.com

LATEST DISCLOSURES

Sales increase 9% to €763 million

2019-04-12

Cork stoppers drive growth with sales increasing 12%;
EBITDA for stoppers and raw materials up 9%;
Net profit increases 6% to more than €77 million;
Stronger profit in a year of unfavourable impact from raw material prices and exchange rates.

Consolidated Accounts

Disclosure of qualified holding - change in voting rights’ imputation title

18 of December 2019

Payment of a gross dividend of 0.085€ per share from the 19th December 2019

2 of December 2019

Consolidated results as of 30th September 2019

2019