Tcm Group As · OMXCOP:TCM

Tcm Group As — Q2 2018 Earnings Presentation

10 slides from Tcm Group As's earnings presentation, Aug 15, 2018

  1. Slide 1: TCM Group A/S Interim Report January-June 2018

    TCM Group A/S Interim Report January-June 2018 August 15, 2018

  2. Slide 2: Continued strong financial performance in Q2 2018

    Continued strong financial performance in Q2 2018 10% organic growth Revenue Adjusted EBITA 232 mDKK 41 mDKK (211mDKK) (31mDKK) Adj. EBITA NWC ratio margin 17.5% -6.1% (14.6%) (-5.4%) Cash conversion 104% (97%) 2

  3. Slide 3: Business review Q2 2018

    Business review Q2 2018  Positive Danish market development in Q2 2018, but TCM Group continues to gain market share with organic growth of 10%  Agreements in place to open new branded stores in Denmark and Norway  Production effeciencies and synergies impacting earnings in Q2 positively  Outloo

  4. Slide 4: Financial highlights Q2

    Financial highlights Q2 Q2 2018  Net revenue 232 mDKK (211)  Organic growth of 10%  Adjusted EBITA 41 mDKK (31)  Adjusted EBITA margin 17.5% (14.6%)  NWC ratio -6.1% (-5.4%)  Cash conversion ratio 104% (97%)  Net interest bearing debt 189 mDKK (206) 4

  5. Slide 5: Revenue growth continued

    Revenue growth continued 2018 2017 2018 2017 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Net revenue (mDKK) 232 211 446 418 - Organic growth 10% 7% 10% growth Q2 comments in DK in Q2  Organic growth continued in Q2  Growth in Denmark of 10% in Q2 9% growth  Revenue outside Denmark grew 9% in Q2 outside DK in

  6. Slide 6: EBITA margin (adjusted) continued to improve

    EBITA margin (adjusted) continued to improve 2018 2017 2018 2017 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Net revenue (mDKK) 232 211 446 418 - Gross Margin 29.8% 26.9% 28.1% 26.6% Adjusted EBITA (mDKK) 41 31 69 55 - Adj. EBITA margin 17.5% 14.6% 15.5% 13.2% EBIT (mDKK) 39 26 63 48 - EBIT margin 16.7% 12.4% 1

  7. Slide 7: NWC ratio improved compared to last year

    NWC ratio improved compared to last year 2018 2017 Jun Jun Net working capital (mDKK) -51 -39 NWC ratio -6.1% -5.4% NIBD (mDKK) 189 206 Leverage (x EBITDA) 1.22 1.72 Q2 comments  NWC ratio improved compared to last year, primarily due to an increase in trade and other payables  NIBD decreased prim

  8. Slide 8: High cash conversion continued

    High cash conversion continued 2018 2017 2018 2017 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Operating profit (mDKK) 39 26 63 48 Depreciation and amortization (mDKK) 4 4 8 9 Change in NWC (mDKK) -14 -5 -29 -16 Tax a.o (mDKK) 0 1 -4 2 Capex excl. acquisitions (mDKK) -1 -1 15 -2 Operating cash flow excl. acquis

  9. Slide 9: Financial outlook 2018 is increased

    Financial outlook 2018 is increased Market  Denmark: Growth expected to be around 2-3% TCM Group  Net revenue: 890-910 mDKK (previously 870-900 mDKK)  Adjusted EBITA: 140-150mDKK (previously 130-140 mDKK)  EBIT: 130-140mDKK (previously 120-130 mDKK)  40-60% dividend pay-out ratio from financial

  10. Slide 10: Q&A

    Q&A

TCM Group — Q2 2018 Earnings Presentation on 6ix