Slide 1: First Half 2021 Results
_pexongnigap FIRST a 2021 RESULTS DéLonghiGroup | KENWwoop BRAUN nutribullet. -Ariece
Slide 2: Disclaimer
H1 - 2021 RESULTS Disclaimer This presentation might contain certain forward-looking statements that reflect the company’s current views with respect to future events and financial and operational performance of the company and its subsidiaries. Forward looking statements are based on De' Longhi’s c
Slide 3: Definitions & assumptions
H1 - 2021 RESULTS Definitions & assumptions In this presentation: • Adjusted stands for “before non recurring items and inputed costs of the stock option plans” • "At constant exchange rates" means escluding the effects of exchange rates' variations and of hedging derivatives • ForEx or FX stand for
Slide 4: Strong investments in new marketing initiatives
H1 - 2021 RESULTS STRONG INVESTMENTS IN NEW MARKETING INITIATIVES
Slide 5: New market initiatives: Braun 100 years
H1 - 2021 RESULTS NEW MARKET INITIATIVES: BRAUN 100 YEARS
Slide 6: New market initiatives: Kenwood
H1 - 2021 RESULTS NEW MARKET INITIATIVES: KENWOOD Purchase- Initial consideration Active evaluation Decision Consumption • • • • • • • • • • • •
Slide 7: Chef Oldani
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Slide 8: Highlights
H1 - 2021 RESULTS HIGHLIGHTS Like for like Strong Strongtrend growthin sales driveninby H1, thethanks core to revenues' growth % +60% robust performance products of Coffee and the increased and attention +46% Food over the last of consumers Q “stay at home” for the Volumes Margin and price-mix expan
Slide 9: Top line & margins
H1 - 2021 RESULTS TOP LINE & MARGINS At constant Change of (Eur million) H1-2021 H1-2020 perimeter perimeter Revenues 1,431.8 1,312.1 119.8 896.6 change % 59.7% 46.3% at constant fx ch. % 65.4% 50.8% Ebitda adjusted 251.4 230.0 21.4 111.8 % of revenues 17.6% 17.5% 17.8% 12.5% In H1-2021 revenues a
Slide 10: Revenues by region (at constant perimeter)
H1 - 2021 RESULTS REVENUES BY REGION (at constant perimeter) H1-2021 at Q2-2021 at var. % at var. % at EUR milion constant var. % constant var. % constant FX constant FX perimeter perimeter South West Europe 560.2 51.9% 52.0% 287.2 45.1% 45.3% North East Europe 346.3 46.5% 52.9% 169.7 35.4% 38.6% EU
Slide 11: Revenues by market (at constant perimeter)
H1 - 2021 RESULTS REVENUES BY MARKET (at constant perimeter) Russia, Ukr. & CIS UK 6.7% 4.8% MAIN UPS & DOWNS (at constant FX) others NE-EU others SW_EU 14.9% 9.9% Germany, France, Italy, Spain, US & UP DOUBLE DIGIT Canada, Russia, UK, Poland France MEIA 8.8% 7.7% Australia & New Zealand, H1 2021 UP
Slide 12: Revenues by product line (at constant perimeter)
H1 - 2021 RESULTS REVENUES BY PRODUCT LINE (at constant perimeter) MAIN UPS & DOWNS (at constant FX) Cooking & Food Prep. 28.3% Coffe makers Coffee Makers Cooking & Food Prep 52.7% UP DOUBLE DIGIT Portable heaters Home Care H1 2021 UP SINGLE DIGIT === Air treatment, Air DOWN conditioning Comfort & H
Slide 13: Markets portfolio: new vs. old perimeter
H1 - 2021 RESULTS MARKETS PORTFOLIO: NEW vs. OLD PERIMETER Reported (new perimeter) At constant perimeter Russia, Ukr. Russia, Ukr. & CIS & CIS 6.2% UK 6.7% UK others NE-EU 4.8% 5.0% others NE-EU 14.1% others SW_EU 14.9% others SW_EU 9.2% 9.9% MEIA 7.3% France MEIA France 8.8% 7.7% H1 2021 H1 2021 8
Slide 14: Product portfolio: new vs. old perimeter
H1 - 2021 RESULTS PRODUCT PORTFOLIO: NEW vs. OLD PERIMETER Reported (new perimeter) At constant perimeter Cooking & Cooking & Food Food Prep. Prep. 28.3% 33.3% Coffee Makers 52.7% Coffee Makers 49.3% H1 2021 H1 2021 Comfort & Comfort & Home Home care care 14.8% 13.6% Others Others 3.8% 4.2%
Slide 15: Margins
H1 - 2021 RESULTS MARGINS reported H1-2021 H1-2020 Net industrial margin, equal to (Eur million) 721.4M€ improved from 48.7% to 50.4% (+65.4%) on revenues, net ind. margin 721.4 436.3 thanks above all to higher volumes % of revenues 50.4% 48.7% and the positive contribution of 251.4 111.8 price-mi
Slide 16: Adjusted EBITDA bridge (reported)
H1 - 2021 RESULTS ADJUSTED EBITDA BRIDGE (reported) among others, increases in transportation costs and A&P
Slide 17: Balance sheet
H1 - 2021 RESULTS BALANCE SHEET reported reported reported Change Dec. 31, Change EUR million June 30, 2021 June 30, 2020 12m 2020 6m Net Working Capital 63.3 228.4 -165.0 96.2 -32.8 Net Equity 1,382.1 1,209.7 172.4 1,267.4 114.7 Net debt / (Net cash) 217.9 387.9 -170.0 232.0 -14.1 N.W.C. / Revenues
Slide 18: 6 months net cash flow (reported)
H1 - 2021 RESULTS 6 MONTHS NET CASH FLOW (reported) The transaction 16.5 was finalized on 11.2 May 3, 2021 61.4 252.3 129.4 196.2 80.8 232.0 217.9 NFP at dec. Operating CF CF from NWC CF from Equity Capex Free Cash Eversys acq. Dividend NFP at June 31, 2020 (other) Flow before 30, 2021 DVD and Evers
Slide 19: FY 2021 guidance: upward revision
H1 - 2021 RESULTS FY 2021 GUIDANCE: UPWARD REVISION Massimo Garavaglia, Group C.E.O.: "For what has been said, we believe we can continue to look with positivity at the evolution of the business in the near future. For this 2021 we now see the Group's revenues (including Capital Brands) grow at cons
Slide 20: Contacts
CONTENTS • Q1 2021 results Contacts: Investor Relations: Fabrizio Micheli, Samuele Chiodetto T: +39 0422 4131 e-mail: investor.relations@delonghigroup.com Media relations: Mattia Rosati T: +39 0422 4131 e-mail: media.relations@delonghigroup.com On the web: www.delonghigroup.com