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Seb Sa — Groupe SEB — 9M 2021 Earnings Presentation

34 slides from Seb Sa's earnings presentation, Oct 26, 2021

  1. Slide 1: 2021 Nine-Month Sales and Financial Data

    2021 NINE-MONTH SALES AND FINANCIAL DATA October 26, 2021 Listen to the live webcast click here

  2. Slide 2: Disclaimer

    2021 Nine-month sales and financial data DISCLAIMER Some of the statements contained in this document may be forward- looking statements concerning Groupe SEB's financial position, results, businesses, strategy or projects. Groupe SEB considers that such statements are based on reasonable assumption

  3. Slide 3: Contents

    CONTENTS 1. Performance review 2. Focus on business divisions 3. Review by geography 4. ORfA and debt 5. Outlook 6. Appendix

  4. Slide 4: Groupe Performance Review

    GROUPE PERFORMANCE REVIEW

  5. Slide 5: 9-month performance highlights

    9-month performance highlights 5-year perspective 5,570  Record-high YTD sales, strongly overperforming 2020 and 5,114 4,712 2019 4,459 4,628  Record-high ORfA and ORfA margin, confirming the Group’s capacity to offset headwinds 9M-2017 9M-2018 9M-2019 9M-2020 9M-2021 9m sales change  Stable fina

  6. Slide 6: Outstanding performances

    Outstanding performances Q3 9 months €1,961m €5,570m Sales +9.1% +6.4% LFL +18.2% +18.8% LFL +10.3% vs 2019 +8.9% vs 2019 €208m €528m Operating Result from Activity -5.8% vs 2020 +62.8% vs 2020 +17.1% vs 2019 +29.6% vs 2019 Net debt €1,951m* at 30/09/2021 - €20m vs 30/09/2020 + €433m vs 31/12/2020 *

  7. Slide 7: Consumer: record and quality sales

    Consumer: record and quality sales 9-months €5,115m +19.4% +19.8% LFL Q3 €1,796m +7.2% +4.4% LFL  All geographies and categories up over 9 months 7 26/10/2021 2021 Nine-month sales and financial data

  8. Slide 8: Ongoing rebound in Professional

    Ongoing rebound in Professional Professional 9-months €456m +6.4% +8.7% LFL Q3 €165m +35.4% +34.9% LFL 8 26/10/2021 2021 Nine-month sales and financial data

  9. Slide 9: 9-month sales bridge 2020 to 2021

    9-month sales bridge 2020  2021 In €m 5,570 +884 - 87 +62 4,712 Organic Currency Scope growth effect +18.8% -1.9% +1.3% +18.2% 9m 2020 9m 2021 9 26/10/2021 2021 Nine-month sales and financial data

  10. Slide 10: 9-month 2021 currency impact on sales

    9-month 2021 currency impact on sales : - €87m In €m 20 - €87m Q1: - €81m Q2: - €44m 10 Q3: + €38m 0 -10 -20 -30 CNY AUD CAD THB EGP CHF ARS UAH BRL TRY RUB JPY GBP PLN COP USD OTHER 10 26/10/2021 2021 Nine-month sales and financial data

  11. Slide 11: 9-month 2021 sales by region

    9-month 2021 sales by region In €m 9 months 9 months 9 months Q3 2021 As reported 2020 2021 2021 LFL LFL EMEA 2,118 2,597 +22.7% +25.0% +10.0% Western Europe 1,530 1,843 +20.5% +20.3% +9.8% Other countries 588 755 +28.4% +37.1% +10.5% AMERICAS 584 773 +32.3% +27.5% -3.5% North America 417 550 +32.0%

  12. Slide 12: Focus on Business Divisions

    02 FOCUS ON BUSINESS DIVISIONS

  13. Slide 13: Consumer: record and quality sales

    Consumer: record and quality sales 9-month sales €5,115m +19.4% +19.8% LFL Q3 sales €1,796m +7.2% +4.4% LFL  Overall buoyant momentum over 9 months • Quality sales / less promotional environment • E-commerce as a catalyst • Reported sales up 13% vs 2019  In Q3, great sales performance • Firm growt

  14. Slide 14: All top-20 countries growing LFL over 9 months

    ALL top-20 countries growing LFL over 9 months EMEA +25.0% AMERICAS +27.5% ASIA +9.9% > 50% Turkey Romania Colombia FRANCE ITALY Netherlands > 25% BRAZIL Mexico Poland RUSSIA Ukraine Belgium GERMANY > 10% USA JAPON United Kingdom SPAIN Canada CHINA > 5% SOUTH KOREA 14 26/10/2021 2021 Nine-month sale

  15. Slide 15: All product lines growing LFL over 9 months

    ALL product lines growing LFL over 9 months 50% 40% Home care 30% 20% Beverage LKA* Electrical cooking 10% Cookware Personal Food care preparation Linen care 0% Home comfort *LKA = Large Kitchen Appliances 15 26/10/2021 2021 Nine-month sales and financial data

  16. Slide 16: Continued rebound in Professional

    Continued rebound in Professional 9-month sales €456m +6.4% +8.7% LFL Q3 sales €165m +35.4% +34.9% LFL  Following strong momentum started in Q2, sales back to LFL growth over 9 months  Vigorous Q3 in PCM (+35% LFL) driven by: • Core business resuming with key customers • Roll-out of new deals in t

  17. Slide 17: Review by Geography (Consumer)

    03 REVIEW BY GEOGRAPHY (CONSUMER)

  18. Slide 18: Western Europe: record 9-month sales and growth

    Western Europe: record 9-month sales and growth 671 1,843 610 556 1,594 1,530 +20.3% +9.8% LFL LFL 9M-2019 9M-2020 9M-2021 Q3-2019 Q3-2020 Q3-2021  SEB outperforming market over 9 months  All areas above 2019 levels  Solid growth in France and Germany vs. high 2020 comps, fueled by core business

  19. Slide 19: Other EMEA: ongoing great performance

    Other EMEA: ongoing great performance, fueled by all countries 755 236 264 224 586 588 +37.1% +10.5% LFL LFL 9M-2019 9M-2020 9M-2021 Q3-2019 Q3-2020 Q3-2021  Continued solid and widespread dynamic  SEB strongly outperforming market over 9 months  Overall reinforced online positions  Home cleanin

  20. Slide 20: North America: excellent 9-month performance

    North America: excellent 9-month performance, vs both 2020 and 2019 550 208 202 176 400 417 +21.0% -9.0% LFL LFL 9M-2019 9M-2020 9M-2021 Q3-2019 Q3-2020 Q3-2021  9-month sales of €550m including StoreBound (US) and negative FX effects • Up 38% vs 2019  US: • Q3 performance impacted by:  Very high

  21. Slide 21: South America: strong recovery ongoing

    South America: strong recovery ongoing, with sales back to 2019 levels 230 223 92 91 78 167 +43.6% +11.0% LFL LFL 9M-2019 9M-2020 9M-2021 Q3-2019 Q3-2020 Q3-2021  Brazil: • Stable sales in Q3 in a tough market and following highly dynamic H1 • Successful price increase implementation to compensate

  22. Slide 22: China: Supor outperforming market and optimizing profitability

    China: Supor outperforming market and optimizing profitability 1,339 1,328 430 1,196 401 401 +9.4% +0.6% LFL LFL 9M-2019 9M-2020 9M-2021 Q3-2019 Q3-2020 Q3-2021  Supor sales up in a context of temporarily softer SDA / cookware market  Accelerating distribution transformation and steadily strengthe

  23. Slide 23: Other Asia: satisfactory performance on demanding comps

    Other Asia: satisfactory performance on demanding comps, 2020 and 2019 417 132 142 137 376 386 +11.7% -2.6% LFL LFL 9M-2019 9M-2020 9M-2021 Q3-2019 Q3-2020 Q3-2021  Solid 9-month sales dynamic fueled by all countries. Slight contraction in Q3 on higher comps  Japan, South Korea and Australia: • Q3

  24. Slide 24: ORfA and Debt

    GROUPE 04 mL ORFAAND DEBT

  25. Slide 25: Record high 9-month ORfA and margin

    Record high 9-month ORfA and margin 9m 2021 Q3 2021 €528m, +63% vs 2020, +30% vs 2019 €208m, -6% vs 2020, +17% vs 2019 9.5% margin 10.6% margin 528  Solid sales momentum, strong positive price 389* 373 407 and mix impact supported by higher growth 324 drivers and  Productivity gains & industrial o

  26. Slide 26: Solid financial structure

    Solid financial structure Net debt €1,951m* at 30/09/2021 €1,971m at 30/09/2020  Stable debt level vs 30/09/2020 in a context of strongly growing business  €433m increase in net debt as compared to 31/12/2020 • Proactive stock building to secure supply • WCR close to 2019 level • Capex maintained

  27. Slide 27: Outlook

    GROUPE OUTLOOK 05

  28. Slide 28: FY 2021 outlook revised upwards on better sales prospects

    FY 2021 outlook revised upwards on better sales prospects  Q3 better than anticipated on very demanding comps • Consumer business stronger than expected • Continued Professional rebound • Groupe SEB’s confirmed ability to absorb headwinds  In this context: • 2021 reported revenue growth assumption

  29. Slide 29: Appendix

    7 Jes z APPENDIX

  30. Slide 30: 9-month 2021 sales by region

    9-month 2021 sales by region Total sales Consumer sales Professional Consumer Other Asia 8% 92% 8% Western Europe 36% China €5,570m 26% €5,115m +18.8% LFL +19.8% LFL South America 4% Other EMEA 15% North America 11% 30 26/10/2021 2021 Nine-month sales and financial data

  31. Slide 31: Q3 2021 sales

    Q3 2021 sales In €m Q3 2021 Q3 2020 Q3 2021 As reported LFL EMEA 846 936 +10.6% +10.0% Western Europe 610 671 +10.2% +9.8% Other countries 236 264 +11.8% +10.5% AMERICAS 286 293 +2.3% -3.5% North America 208 202 -2.7% -9.0% South America 78 91 +15.7% +11.0% ASIA 543 567 +4.4% -0.2% China 401 430 +7.

  32. Slide 32: Glossary

    Glossary On a like-for-like basis (LFL) – Organic Net debt The amounts and growth rates at constant exchange rates and consolidation scope in a This term refers to all recurring and non-recurring financial debt minus cash and cash given year compared with the previous year are calculated: equivalent

  33. Slide 33: Contacts

    Investor/Analyst relations Media Relations Groupe SEB Groupe SEB Financial Communication Corporate Communication Dept and Investor Relations Dpt Cathy Pianon Isabelle Posth C O N TA C T S Anissa Djaadi Raphaël Hoffstetter cpianon@groupeseb.com iposth@groupeseb.com adjaadi@groupeseb.com rhoffstetter@

  34. Slide 34: Agenda: 2022 key dates

    2022 key dates January 25 | after market closes Provisional 2021 sales AGENDA February 25 | before market opens 2021 sales and results April 28 | after market closes Q1 2022 sales and financial data May 19 | 15:00 Annual general meeting July 21 | before market opens H1 2022 sales and results October

Groupe SEB — 9M 2021 Earnings Presentation on 6ix