Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Balta Group — Q3 2018 Earnings Presentation
10 slides from Belysse Group NV's earnings presentation, Nov 7, 2018
Slide 1: Q3 2018
Q3 2018 Confidential
Slide 2: Disclaimer
Disclaimer In considering any performance information contained herein, you should bear in mind that past or projected performance is not necessarily indicative of future results, and there can be no assurance that any entity referenced herein will achieve comparable results or that illustrative ret
Slide 3: Good progress executing our strategy in a challenging market
Good progress executing our strategy in a challenging market Grow profitable revenue: Deliver increased cost savings: 1. 1 Continue to grow Rugs sales in North 4. 4 Deliver the full benefits of the restructuring of America the operational footprint in Residential • New customer wins, growth in indoo
Slide 4: 2018 YTD Financial Summary
2018 YTD Financial Summary (7.3%) organic • Organic performance driven by Rugs (15.4%), Commercial +11.6%, and (3.9%) Residential (13.0%) (1.9%) FX impact yoy sales growth • Challenging trading environment in our UK Residential and European (consolidated) Rugs divisions only partly offset by good pe
Slide 5: Q3 Financial Summary
Q3 Financial Summary (4.1%) organic • Organic decline driven by low-to-mid teens decline in Rugs and (4.4%) Residential, partly offset by mid-teens organic growth in Commercial (0.3%) FX impact yoy sales growth (consolidated) • Challenging trading environment in European Rugs and Residential persist
Slide 6: Group Q3 Revenue Performance
Group Q3 Revenue Performance €m 180,0 (4.1%) (4.4%) 157.9 (6.8) 7.5 (7.3) 160,0 0.1 151.4 (0.4) 0.0 151.0 140,0 (13.4%) +16.2% (13.5%) +1.9% (0.3%) 120,0 100,0 80,0 60,0 40,0 20,0 0,0 Revenue Q3 Rugs Commercial Residential Non- LfL FX impact M&A Reported revenue 2017 Woven revenue Q3 2018 Q3 2018 Ru
Slide 7: Group Q3 EBITDA and Margins
Group Q3 EBITDA and Margins Adj. EBITDA margin (%) 12.0% 10.6% 11.3% €m 20,0 18.9 (2.6) 18,0 0.9 (1.4) 1.0 0.0 17.1 0.1 16.0 16,0 +5.4% 14,0 12,0 10,0 8,0 6,0 4,0 2,0 0,0 EBITDA Q3 2017 Rugs Commercial Residential Non- LfL FX impact M&A Reported EBITDA Woven EBITDA Q3 2018 Q3 2018 Impact from lower
Slide 8: Leverage of 3.9x (Net Debt of €276.9m) reflecting lower LTM EBITDA
Leverage of 3.9x (Net Debt of €276.9m) reflecting lower LTM EBITDA Acquisition of Bentley 385 Post deleveraging using primary IPO net proceeds 272 277 268 264 257 254 3,9x 3,9x 3,8x 3,3x 2,9x 2,9x 2,6x Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 8
Slide 9: 2018 Outlook
2018 Outlook • H2 2018 EBITDA an improvement on H2 2017 EBITDA (€37.8m) – Delayed recovery due to soft trading environment in the third quarter mainly in UK Residential and European Rugs – Underpinned by the progress we are making on the six key priorities which will deliver the planned benefits – G
Slide 10: Q&A Session
Q&A Session 10