Compagnie Financiere Tradition Sa · SIX:CFT

Compagnie Financiere Tradition Sa — FY2020 Earnings Presentation

15 slides from Compagnie Financiere Tradition Sa's earnings presentation, Mar 12, 2021

  1. Slide 1: FY 2020 Results

    4 Compagnie Financiére Tradition FY 2020 Results 12 March 2021

  2. Slide 2: Key figures performance and financial position as of 31 December 2020

    Key figures performance and financial position as of 31 December 2020 CHF CHF 981m 71m Net profit – Revenue* Group share CHF CHF 111m ~828m Underlying Market operating capitalization1) profit* Compagnie Financière Tradition CHF CHF 195m 425m Net cash Shareholders’ position* equity** 2 *Adjusted basi

  3. Slide 3: A long established Swiss group with proven track record

    A long established Swiss group with proven track record Focused on critical size and quality of balance sheet Consistent strategy since acquired by Viel & mCHF 1'800 600 Cie in 1997 Phase 1 Phase 2 Phase 3 Phase 1 – • Return to profitability 1'600 1997 to • Built critical market share 2008 Focus on

  4. Slide 4: Growth in adjusted revenue of 2.4% in constant currencies to CHF 981.2m

    Growth in adjusted revenue of 2.4% in constant currencies to CHF 981.2m with net profit Group share up 24.4% to CHF 70.9m FY 2020 performance summary, in mCHF • Navigated successfully this challenging year • Reported figures negatively impacted from CHF +2.4% +3.4% +8.6% +35.9% +27.3% +22.9% +24.4%

  5. Slide 5: Revenue overview

    Revenue overview Global and diverse product offering Group adjusted revenue Adjusted revenue by business M CHF IDB 2019 2020 M CHF 1'012.4 981.2 +2.4% +2.6% Non-IDB 88.4 78.2 975.7 946.8 -3.0% Joint ventures Subsidiaries 36.7 34.4 (reported) 924.0 903.0 2019 2020 Adjusted revenue by region IDB reven

  6. Slide 6: Geographies

    Diversified revenue portfolio both in terms of geographies and asset classes Breakdown by region in FY 2020 Europe, Middle East, Asia Pacific, United Kingdom, 31% 27% Africa • United Kingdom, • France, Asia Pacific Americas • Belgium, • Japan, Geographies • Germany, • China Mainland (JV • USA, with

  7. Slide 7: Products

    Diversified revenue portfolio both in terms of geographies and asset classes Breakdown by product in FY 2020 Non IDB, 3% Currencies and Securities and Commodities, IDB: 97% rates security derivatives Commodities Non-IDB 21% • Interest rate • Government • Oil • Gaitame.com – derivatives bonds • Elect

  8. Slide 8: Adjusted underlying operating profit up 8.6% to CHF 111.0m

    Adjusted underlying operating profit up 8.6% to CHF 111.0m Adjusted underlying operating profit IDB headcount trend (Variation at constant rates) 2'382 2'260 2'282 margin +8.6% Exceptional 2'084 2'168 M CHF 10.7% 11.3% items 107.9 111.0 Non IDB 14.6 1'507 1'534 1'622 16.0 IDB 1'380 1'439 91.9 96.4 7

  9. Slide 9: Gaitame.com improved performance with EBITDA margin reaching 47% in FY 2020

    Gaitame.com improved performance with EBITDA margin reaching 47% in FY 2020 Revenue trend* EBITDA trend* M CHF M CHF At current rates At constant rates (variation at constant rates) At current rates At constant rates (variation at constant rates) -3.0% margin -5.7% 47% 49% 47% 37% 70.4 73.4 73.5 68.

  10. Slide 10: Net profit – Group share up 24.4% to CHF 70.9m

    Net profit – Group share up 24.4% to CHF 70.9m Net profit – Group share M CHF FY 2020 FY 2019 Change Change at at current constant Interest expense on bank borrowings and exchange exchange bonds (net) -7.6 -6.4 M CHF FY 2020 FY 2019 rates rates Interest expense on lease liabilities -3.0 -2.9 Operati

  11. Slide 11: Shareholder's equity Group share of CHF 406.6m; adjusted net cash of CHF 195m

    Shareholder’s equity Group share of CHF 406.6m before deduction of own shares of CHF 17.3m. Adjusted net cash of CHF 195m. Assets Equity and Liabilities M CHF 31.12.2020 31.12.2019 M CHF 31.12.2020 31.12.2019 Property, Plant & Equipment 24.6 28.9 Capital 18.8 18.6 Right-of-use assets 51.1 59.3 Share

  12. Slide 12: Shareholders' equity of CHF 425m and net cash position increase to CHF 195m

    Shareholders’ equity of CHF 425m and net cash position increase to CHF 195m1) Net cash position trend Shareholders’ equity breakdown Cash in JVs Financial debts** Unavailable cash, non-current Capital and share premium Consolidated reserves Currency translation Treasury shares Minority interests Oth

  13. Slide 13: Business model incorporate a strong operating upside

    Business model incorporate a strong operating upside Consistent dividend payout Performance trend between 2005 to 2020* Dividend payout trend 2005 to 2020 (in CHFm) Revenue Revenue at constant rates 1'800 500 Underlying operating profit Net profit Group share 1'600 1'556 450 1'417 8.0 8.0 8.0 1'400

  14. Slide 14: CFT, a Swiss group ranked amongst the top 3 worldwide in its sector

    CFT, a Swiss group ranked amongst the top 3 worldwide in its sector Roadmap based on growth initiatives, operational performance and quality of balance sheet Track record of agility to cope with market cycles and structural trends (growth, innovation, cost 1 management) Growth opportunities arising

  15. Slide 15: Thank you

    4Tradition Thank you Global Leaders In Interdealer Broking J

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