Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Q1 2023 Earnings Presentation
10 slides from Belysse Group NV's earnings presentation, May 12, 2023
Slide 1: Q1 2023 Results
12 May 2023 @1 2023 Results BELYSSE”
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: Introduction
Introduction Rwne Q1 2023 Financial Summary Financial Review Conclusion O&A NAN Cyrille Ragoucy Chief Executive Officer Chairman of the Board Andy Rogiest Chief Financial Officer
Slide 4: Financial Summary
Q1 2023 Financial Summary 0.0% c QO nsolidated Ri ue of €76.6m Revenue growth by X impact (21.0)% organic (17.5)% 12023 Consolidated Adjusted EBITDA of €5.0m YoY Adj. EBITDA - US €4.9m * Europe €0.0m growth 3.6% FX impact 4,6x QI Net Debt + Leverage stands at 4,6x at the end of Q1 2023 Leverage €156
Slide 5: Group Revenue
Q1 2023 Group Revenue em 3.0 76.6 75.0 (1.3) Revenue Q1 2022 Europe US Revenue Q1 2023 (3.2)% 8.6% QI Growth (€m) Q1 Growth (%) Organic 0.0 0.0% FX Impact 1.6 2.2% Reported 1.6 2.2% * 12023 consolidated revenue was €76.6m (+2.2% YoY). + While our US business saw a slow start, after an acceleration o
Slide 6: Group Adjusted EBITDA
Q1 2023 Group Adjusted EBITDA Adj. EBITDA Margin (%) i > * 12028 Adjusted EBITDA was €5.0m (17.5% YoY) with an Adjusted EBITDA margin of 6.5% (versus (1.3) 8.0% in Q1 2022). 0.2 5.0 | — + US EBITDA was €4.9m in Q1 2023 (18.1% YoY). The moe ee 0}% 3.6% EBITDA margin for the quarter saw a temporary dr
Slide 7: Cash Flow
Q1 2023 Cash Flow 5.0 38.5 (6.2) 0.9) (0-9) (2.5) 25.9 (8.0) ~ “ o 8 ny oe eo ~ em ot o™ a Os, so? a soe et® gg? oF 0 oy” oe ee oo (ony oF e * The cash outflow of €12.6m in Q1 2023 was mainly driven by debt repayments and interest payments, which included the half-yearly interest payment of €5.lm fo
Slide 8: Leverage stands at 4.6x, excluding IFRS Leases
Leverage! stands at 4,6x, excluding IFRS 16 Leases €m Cash LTM Adj. Cash EBITDA 293 295 40 46 307 #8 38 283 285 260 166 157 152 148 156 34 31 30 32 — 123 ie = 116 3.6x 37x 4.0x 4.0x 3.0x at/21 2/21 03/21 04/21 1/22 Q1/22 02/22 03/22 04/22 1/23 Actual Proforma Proforma mmm fet Debt (€m} IFRSIG Ulleve
Slide 9: Conclusion
Conclusion Revenue was €76.6m and Adjusted EBITDA was €5.0m, resulting in an Adjusted EBITDA margin of 6.5%. Our US business saw a slow start, after an acceleration of shipments at the end of last year. Volumes, however, recovered in the second part of the quarter leading to YoY revenue growth of 8.
Slide 10: Next results release
12 May 2023 sults Release o ugust 2023