Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Balta Group — Q1 2019 Earnings Presentation
9 slides from Belysse Group NV's earnings presentation, 2019
Slide 1: Q1 2019
Q1 2019 Confidential
Slide 2: Disclaimer
Disclaimer In considering any performance information contained herein, you should bear in mind that past or projected performance is not necessarily indicative of future results, and there can be no assurance that any entity referenced herein will achieve comparable results or that illustrative ret
Slide 3: Q1 2019 Financial Summary
Q1 2019 Financial Summary +11.5% organic • Q1 2019 Consolidated Revenue of €183.5m +13.1% yoy sales growth • Growth in all divisions, with strong performance in Rugs (+23.1%) & (consolidated) Commercial (+15.4%) +1.6% FX impact • Q1 2019 Consolidated Adjusted EBITDA of €17.5m +1.4% organic +3.5% • Y
Slide 4: NEXT: Three Year Earnings Enhancement Program
NEXT: Three Year Earnings Enhancement Program Various growth & cost saving initiatives identified under Strategic and Operational review 1 • Channel: e-commerce opportunity US & Europe Rugs • Product offering: continued optimization Delivering • US: market share office segment, increased efforts Sus
Slide 5: Group Q1 2019 Revenue Performance
Group Q1 2019 Revenue Performance €m 7.4 1.2 0.3 183.5 12.3 Q1 Growth Q1 Growth 162.3 (€m) (%) +23.1% +15.4% +2.3% +4.1% Organic +€18.6m +11.5% FX +€2.7m +1.6% Impact Reported +€21.3m +13.1% Reported Revenue Rugs Commercial Residential Non- Reported Revenue Q1 2018 Woven Q1 2019 UK/Europe overall re
Slide 6: Group Q1 2019 Adjusted EBITDA and Margins
Group Q1 2019 Adjusted EBITDA and Margins Adj. EBITDA margin (%) Reported Q1 €m Lfl(1) Q1 2018 % Change Lfl(1) 9.5% 10.4% 9.5% 2019 €m 0.4 17.5 1.5 16.9 0.2 Rugs 6.1 6.2 +1.5% 15.3 +1.4% +2.1% Commercial 7.2 7.7 +8.1% Lfl(1) +3.5% Residential 2.9 3.3 +14.5% Non-Woven 0.8 0.3 (66.2%) Consolidated Adj
Slide 7: Impact of IFRS16
Impact of IFRS16 • IFRS16 applicable since 1 January 2019 • Leases are recognized as asset financed by a financial liability • At our full year 2018 results we provided a preliminary estimated impact of IFRS on FY2019 • Net debt +€45m • Adjusted EBITDA + €6m to €8m • Net Debt to Adjusted EBITDA + 0.
Slide 8: Outlook reaffirmed
Outlook reaffirmed Excluding the impact of IFRS16 • Expect Adjusted EBITDA broadly flat versus the prior year • Capex around €40m • Interest flat versus the prior year • Effective Tax Rate between 25 – 27% 8
Slide 9: Q&A Session
Q&A Session 9