Ontex Group N.v. · EURONEXT:ONTEX

Ontex — Ontex Group Nv Ord — Q1 2025 Earnings Presentation

13 slides from Ontex's earnings presentation, Apr 30, 2025

  1. Slide 1: Q1 2025 results

    Q1 2025 results April 30, 2025

  2. Slide 2: Disclaimer

    Disclaimer Forward-looking statements This presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, Ontex’s future results of operations, financ

  3. Slide 3: Ontex shows resilience in a challenging and uncertain economic environment

    Ontex shows resilience in a challenging and uncertain economic environment Adj. EBITDA Revenue Adj. EBITDA margin €451M €51M 11.2% -2.8% LFL YOY -4.4% YOY -0.3pp YOY 3

  4. Slide 4: Softer market in challenging and uncertain economic environment

    Softer market in challenging and uncertain economic environment Geo- political Consumer demand in European tensions baby, feminine and adult care retail market US & down by low single digit reciprocal import tariffs Forex volatility Consumer demand in North American Recession baby care retail market

  5. Slide 5: Further progress made on strategic transformation

    Further progress made on strategic transformation Enablers Value creation drivers Portfolio Resilient Competitive Best-in-class Business refocus balance sheet & sustainable operations expansion innovation > Turkish divestment > New €400M bond > New R&D lab for > 4.3% operating > Double-digit agreed

  6. Slide 6: Mix improvement in Europe and volume growth in North America partly offset soft market demand

    Mix improvement in Europe and volume growth in North America partly offset soft market demand Q1 revenue (in €M) (in €M) 460 -1.3% -1.6% 447 +0.8% 451 > 2.8% decrease like for like Volume Sales Forex Adult care Baby care /mix price 45% 42% > Europe volumes lower by low single digit, largely in line

  7. Slide 7: Cost transformation program offsets sales price contraction and cost increase

    Cost transformation program offsets sales price contraction and cost increase Q1 adj. EBITDA (in €M) +15 -7 -3 -5 53 -2 Sales -1 51 > Net operating savings driving 4% operational price Raw Volume Net materials Operating Forex efficiencies, with Belgian footprint transformation /mix operating & SG&A

  8. Slide 8: Leverage remains below 3x

    Leverage remains below 3x Adj. EBITDA (LTM, Total Group, in €M) Net financial debt (in €M) 248 241 241 Leverage ratio 229 236 205 > Net debt up by €44M linked to temporary effects 182 167  Temporary higher inventories, including US 146 tariff threat mitigation actions 136 867  Restructuring spent

  9. Slide 9: Improved financial profile with lower debt and longer maturity to support growth going forward

    Improved financial profile with lower debt and longer maturity to support growth going forward Debt facilities Senior bond (in €M) Maturity: July 2026  April 2030 Amount: €580M  €400M Interest rate: 3.5%  5.25% Situation Interest spread [1]: +407bp  +284bp mid 2024 Interest cost (yearly): €20.3M

  10. Slide 10: 2025 outlook confirmed

    2025 outlook confirmed Revenue Adj. EBITDA Free LFL growth growth cash flow remain 3% - 5% 4% - 7% strong vs €1,860M in 2024 vs €223M in 2024 vs €48M in 2024 supported by double-digit supported by revenue including final year of more volume growth in North growth and further intensive restructuring

  11. Slide 11: Remaining confident while staying vigilant in context of geopolitical uncertainties

    Remaining confident while staying vigilant in context of geopolitical uncertainties Focus on Structural business expansion cost transformation & innovation savings Good resilience New major contracts in current context1 kicking off in Q3 11 1 Ontex’s imports from Mexico plant into US not impacted by

  12. Slide 12: Ontex

    Ontex <x Se) S)

  13. Slide 13: Ontex - Here for you.

    Ontex— Here for you.

Ontex Group Nv Ord — Q1 2025 Earnings Presentation on 6ix