Fnac Darty Sa · EURONEXT:FNAC
Fnac Darty Sa — Q1 2020 Earnings Presentation
8 slides from Fnac Darty Sa's earnings presentation, April 2020
Slide 1: Q1 2020 Revenue: Update on COVID-19 Impacts
Q1 2020 REVENUE UPDATE ON COVID-19 IMPACTS
Slide 2: COVID-19 Impacts on Fnac Darty
COVID 19 IMPACTS ON FNAC DARTY COVID-19 crisis strongly impacts Fnac Darty’s activities In February, the Group had to cope with a supply crisis due to production delays in China Since mid-March, the COVID-19 epidemic has turned into a global health crisis leading to the closure of all the Group's ph
Slide 3: Q1 2020 Highlights
Q1 2020 HIGHLIGHTS Group LFL revenue growth in Q1 2020 Q1 2020 revenue of €1,490 million, down January/February 2020 March 2020 Q1 2020 -7,9% on a reported basis and -10,3% on a like-for-like basis -0,0% -10,3% Stable LFL growth in January and February, despite a difficult context in France -32,7% C
Slide 4: Strong Online Performance
STRONG ONLINE PERFORMANCE Strong online performance Online sales increased by c.19% in Q1 2020 c. +100% Excellent operational execution on the Group's digital platforms enabled to absorb +19% a strong growth of c. +100% on the last two weeks of march 2020 vs. 2019 16 - 31 March Q1 2020 Strong online
Slide 5: Securing Liquidity and Preparing the Recovery
SECURING LIQUIDITY AND PREPARING THE RECOVERY Given the abrupt shutdown of the Group's in-store activities, taking place at a time that is usually low in the annual cash cycle, the Group has decided to resort to additional financing to secure its liquidity All the available financial resources have
Slide 6: Dividend and Management Compensation
DIVIDEND AND MANAGEMENT COMPENSATION 2019 dividend proposal withdrawn, in compliance with the conditions imposed for the implementation of a State Guaranteed Loan Long-term shareholder return policy is suspended and will be reviewed at a later date The total compensation paid in 2020 to the Chairman
Slide 7: Outlook
OUTLOOK The loss of in-store sales will have a significant negative impact on the Group's financial results in 2020 The estimated gross margin rate deteriorated sharply in March due to store closures, which had a significant negative impact on the services/products mix with a lower level of attachme
Slide 8: Disclaimer
DISCLAIMER IMPORTANT NOTICE: By reading this presentation, you agree to be bound by the following limitations and qualifications: Certain information included in this release is not based on historical facts but on forward-looking statements. Such forward-looking statements speak only as of the date