Annual report
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Fourth Quarter 2020 and Full Year Results Mexico City , February 10 , 2021. Grupo Rotoplas S.A.B. de C.V. ( BMV : AGUA * ) ( " Rotoplas ” or “ the Company " ) , America's leading company in water products and services , reports its unaudited fourth quarter and cumulative January to December 2020 results . The information has been prepared under the International Financial Reporting Standards ( IFRS ) . Full Year 2020 Milestones Figures in million Mexican pesos ✪ Rotoplas closed the year with record figures since the company was founded reaching record sales , Adjusted EBITDA and net profit . Despite the uncertainty and volatility brought by the pandemic , earnings guidance was 100 % met . During the year , the main objective of the Flow transformation program was achieved , as the company registered an ROIC of 12.4 % , 240 bps higher than the cost of capital . Net sales increased by 11.0 % in the year driven by the strength of the second half in which record sales were reported for two consecutive quarters as well as double - digit growth in all countries in 4Q20 , offsetting the operational impact from March to June as a result of the pandemic . Product sales increased by 12.1 % over the year , driven by higher demand for water solutions related to the change in consumer habits , as well as the launch of new products and the growth of e - commerce . Sales of services for the year decreased by 2.1 % due to the delay in the execution and / or closing of contracts for drinking fountains and water treatment and recycling plants due to the health crisis . bebbia reported record sales and doubled its customer base . Adjusted EBITDA ' for the year increased by 4.8 % , as margin reached 18.2 % , notwithstanding a Ps . 160 million impact related to operating restrictions and expenses for the safety of personnel in response to the pandemic . Net income before discontinued operations reached record levels with an increase of 55.5 % for the year . Additionally , the cash conversion cycle was optimized by 17 days and the Net Debt / Adj . EBITDA leverage ratio closed at 0.6x . In 2020 Rotoplas ( AGUA * ) was the fifth best performing issuer on the Mexican Stock Exchange ( BMV ) with a return of over 70 % . 1 Adjusted EBITDA considers : operating income + depreciation and amortization + non - recurring expenses ( donations and Flow implementation expenses ) . In 4220 it takes into account Ps . 71 million of Flow expenses and Ps . 1 million of donations and in 4Q19 it takes into account Ps . 2 million of donations . Cumulatively , it considers Ps . 167 million of Flow expenses and Ps . 10 million in donations in 2020 as well as Ps . 6 million for donations in 2019 . https://rotoplas.com/investors/ 1