Signify Nv · EURONEXT:LIGHT
Signify Nv — Signify Nv Ord — Q1 2025 Earnings Presentation
20 slides from Signify Nv's earnings presentation, Apr 25, 2025
Slide 1: Q1 2025 results
Q1 2025 results April 25, 2025
Slide 2: Important information
Important information Forward-looking statements This document and the related oral presentation contain, and responses to questions following the presentation may contain, forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Signify N.V. (the “C
Slide 3: Content
Content Business and operational performance - Eric Rondolat Financial performance - Željko Kosanović Outlook and closing remarks - Eric Rondolat Q&A 3
Slide 4: Signify reported a CSG of -2.8% and an Adjusted EBITA margin of 8%
Signify reported a CSG of -2.8% and an Adjusted EBITA margin of 8% Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -10.1% -2.8% -8.4% -5.2% -2.8% • 153 million connected light points (Q1 24: 126 million) • Comparable sales decline of 2.8% • Growth in Consumer business across
Slide 5: The Professional Business delivered sequential sales improvement and operating profitability of 7.1%
The Professional Business delivered sequential sales improvement and an operating profitability of 7.1% Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -7.6% -1.8% -8.3% -4.1% -3.4% • Comparable sales decline of 1.8% • Sequential improvements across most businesses • Robust
Slide 6: The Consumer Business delivered a solid CSG of 3.1% with margin expansion to 10.8%
The Consumer Business delivered a solid CSG of 3.1% with margin expansion to 10.8%; back to growth in all geographies Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -5.7% 3.1% -2.4% -1.8% 4.0% • Comparable sales growth of 3.1% • Strong demand for connected home offerings, d
Slide 7: The OEM Business faced sales and adj. EBITA margin compression
The OEM Business faced sales and adj. EBITA margin compression Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -7.4% -10.7% 0.1% 0.2% -1.2% • Comparable sales decline of 10.7% • Half the decline attributable to two major customers • Intensified pricing pressure in component
Slide 8: The Conventional Business declined by 23.9% in line with expectations
The Conventional Business declined by 23.9% in line with expectations while sustaining a strong profitability Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -34.1% -23.9% -27.6% -29.4% -24.5% • Comparable sales decline of 23.9% • Continued decline in general lighting across
Slide 9: Business highlights
Business highlights Signify Professional Consumer Achieving the 15th rank Upgrading landmark Illuminating Renault's Enhancing Home Security among the Global 100 most Lighting on Pasupati Bridge, Concept Store in Milan, with new Hue Secure sustainable corporations Indonesia Italy capabilities • Signi
Slide 10: Brighter Lives, Better World 2025
Brighter Lives, Better World 2025 – Q1 2025 results 2019 Q1 2025 2025 Doubling our positive impact on the environment and society Baseline Result Target Climate action Carbon reduction over value chain Ahead of Better World 0 324 MT against Paris Agreement track Circular economy Circular revenues 16
Slide 11: Content
Content Business and operational performance - Eric Rondolat Financial performance - Željko Kosanović Outlook and closing remarks - Eric Rondolat Q&A
Slide 12: Adjusted EBITA down 30 bps to 8.0% as indirect cost savings offset by under-absorption
Adjusted EBITA down 30 bps to 8.0% as indirect costs savings are offset by under-absorption of fixed costs; resilient gross margin As % of sales 8.3% -30bps 8.0% -0.2% -80bps 0.0% -0.5% 1.2% -2.0% 1.2% Q1 24 Volume Price/Mix COGS Indirect Costs Currency Other Q1 25 12
Slide 13: Working capital reduced to 7.2%
Working capital reduced to 7.2%, driven by lower inventories and lower receivables, partly offset by lower payables In EURm / as % of sales 7.3% -10bps 7.2% 473 -5 442 -23 -41 38 Q1 24 Inventories Trade & other receivables Trade & other payables Other working Q1 25 13 capital items
Slide 14: Content
Content Business and operational performance - Eric Rondolat Financial performance - Željko Kosanović Outlook and closing remarks - Eric Rondolat Q&A
Slide 15: Signify confirms its 2025 guidance; continues share repurchase program
Signify confirms its 2025 guidance; continues share repurchase program CSG: Low single digit growth (ex Conventional) Adj. EBITA margin: Stable vs. 2024 Free Cash Flow: 7.0% - 8.0% of sales Share repurchase program of up to EUR 150 million in 2025 15
Slide 16: Q&A
Q&A Need to update photo NatureConnect
Slide 17: Currency movements had a positive impact on sales and negative impact on Adjusted EBITA margin
Currency movements had a positive impact on sales and negative impact on the Adjusted EBITA margin Q1 25 Sales FX Footprint (% of total) Key developments • Overall currency impact on sales of +1.4% mainly related to USD. • Impact of -0.2% on the Adjusted EBITA margin %. 17
Slide 18: Net income increased to EUR 67m
Net income increased to EUR 67m achieved through lower restructuring costs and incidental items From Adjusted EBITA to net income (in EURm) Key developments Q1 24 Q1 25 1 Incidental items are mainly related to environmental Adjusted EBITA 122 116 provision for inactive sites and the discounting effe
Slide 19: Free cash flow decreased to EUR 40m
Free cash flow decreased to EUR 40m, explained by a higher cash outflow from working capital Free cash flow (in EURm) Key developments Q1 24 Q1 25 • Free cash flow of EUR 40m Income from operations 64 85 • Higher cash outflow from working capital Depreciation and amortization 68 61 Additions to (rel
Slide 20: Stony
Stony