Slide 1: Q1 2016 Trading Update
Q1 2016 Trading Update May 4, 2016
Slide 2: Forward looking statements
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, financial conditi
Slide 3: Table of contents
Table of contents Ontex Highlights 04 Trading Review 06 Outlook 16 Q&A 18 Appendix 19 Confidential 3
Slide 4: Ontex Highlights
Ontex Highlights
Slide 5: Q1 2016 highlights
Q1 2016 highlights Strong growth in developing markets and integration of Grupo Mabe underway Q1 2016 LFL revenue growth • Reported Group revenues of €452.4 million for Q1 2016 LFL revenues1 • Q1 reported revenue +6.4%, including Grupo Mabe as from March 1 2016 +1.0% • Q1 like-for-like (LFL) revenue
Slide 6: Trading Review
a Trading Review Ontex
Slide 7: Further revenue growth
Further revenue growth Higher volumes and strong FX headwinds Group revenue review Sales bridge Q1 2016 (€m) 452 • Reported revenue up +6.4% in Q1 2016, including Grupo 425 Mabe as of March 1 2016 • Like-for-like revenues up +1.0% in Q1 2016 • Revenue +3.9% yoy at constant currency including Q1 Grup
Slide 8: Mature market retail: 47% of Q1 reported group sales
Mature market retail: 47% of Q1 reported group sales Securing profitability with disciplined pricing approach LFL Revenue (€m) and sales growth • Like-for-like revenue decline, in line with expectations, due to elevated price competition in Western Europe -6.2% 228 214 • Q1 2016 revenue higher year-
Slide 9: Americas retail: 8% of Q1 reported group sales
Americas retail: 8% of Q1 reported group sales March 2016 first month of consolidation; Q1 pro-forma double digit growth at constant currency Q1 2016 Revenue (€m) • Post completion of Grupo Mabe acquisition, activities consolidated from March 1 under a new fifth division called “Americas Retail”. 34
Slide 10: Growth markets: 8% of Q1 reported group sales
Growth markets: 8% of Q1 reported group sales Higher volumes driving revenue growth • Like-for-like revenues +27.2% in Q1 2016 LFL Revenue (€m) and sales growth • Q1 2016 continues to be driven by increasing volumes in +27.2% 40 most markets, especially in Russia and Central Eastern Europe 31 • Reta
Slide 11: MENA: 13% of Q1 reported group sales
MENA: 13% of Q1 reported group sales Ontex brands continue to grow LFL Revenue (€m) and sales growth • Like-for-like revenues +16.5% in Q1 2016 +16.5% 66 • LFL growth was broad-based 57 • Volume gains across most markets with Canbebe in Babycare and Canped in Adult Incontinence • Further progress in
Slide 12: Healthcare: 24% of Q1 reported group sales
Healthcare: 24% of Q1 reported group sales Branded volumes grew further LFL Revenue (€m) and sales growth • Like-for-like revenues +0.6% +0.6% 109 109 • Higher revenue in Italy and in the UK in home delivery, offset by lower sales in France and Germany • Continued progress on re-grouping our 2 produ
Slide 13: Our categories
Our categories Growth in our largest categories LFL sales growth % Q1 reported • Babycare LFL revenue up 0.7%, with higher sales mostly in group sales1 55% 32% 11% developing markets and lower revenue in developed markets 1.3% • Revenue +10.4% including Mabe and a negative FX 0.7% impact • Adult Inc
Slide 14: Adjusted EBITDA margin
Adjusted EBITDA margin Expansion achieved despite significant currency headwinds Key margin drivers Adjusted EBITDA margin up by 37bps to 12.6% in Q1 2016 • Including Grupo Mabe as from March 1 2016 • Tailwinds from raw material costs, mainly for oil-based commodities as fluff pulp remains at histor
Slide 15: Net debt and liquidity
Net debt and liquidity Net debt increased following acquisition as anticipated Reported net debt position and liquidity as of 31 March, 2016 Net Debt Calculation (€m) • Net debt of €701.7 million, up from €405.5 million at the end Gross debt 787.0 December 2015, reflecting: • €104.1 million for acqu
Slide 16: Outlook
Outlook
Slide 17: Outlook
Outlook Based on current FX rates and outlook on commodity pricing: • Expectations for 2016 like-for-like (LFL) growth remain unchanged • We anticipate to see a better LFL performance in Mature Market Retail in the second half of the year, with Q2 2016 lower than the first quarter • We expect strong
Slide 18: Q&A
Ontex~ tex Q&A
Slide 19: Appendix
Appendix
Slide 20: Performance overview for Q1 2016
Performance overview for Q1 2016 In millions of Euro Q1 2016 Q1 2015 % as reported % LFL Per Division Mature markets retail 213.5 228.4 (6.5%) (6.2%) Americas Retail 33.8 0.0 n.a n.a Growth markets 36.9 31.3 17.9% 27.2% Healthcare 108.4 108.4 0.0% 0.6% MENA 59.8 57.0 4.9% 16.5% Per Category Babycare
Slide 21: Thank you
Thank you Ontex~