Slide 1: 2022 Annual Results
2022 Annual Results MARCH 9TH, 2023 STRENGTHS, CONFIDENCE AND PERFORMANCE
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements relating to the business, results and financial position of the Chargeurs group. Such forward-looking statements are based on assumptions that are currently considered reasonable, but which are dependent on external factors and unfo
Slide 3: Content
01 INTRODUCTORY SUMMARY Content 02 OPERATING AND FINANCIAL REVIEW 03 CONCLUSION 2 0 2 2 a n n u a l r e s u lt s 3
Slide 4: Introductory summary
Introductory summary Michaël Fribourg Chairman and Chief Executive Officer
Slide 5: Chargeurs confirms its strength and its transformation in ultra-premium niche markets
Chargeurs confirms its strength and its transformation in ultra-premium niche markets STRATEGIC STRENGTHS VALUED BY OUR CUSTOMERS A portfolio of businesses buoyed by new growth drivers that offer a decorrelation between sectors and regions • 4 global leaders with strong momentum in Asia, the United
Slide 6: Chargeurs continues to pursue the strategic transformation of its portfolio
Chargeurs continues to steadfastly pursue the strategic transformation of its portfolio Premium ❖ Shift from an exclusively B2B model towards a Personal balanced B2B, B2B2C and Direct-to consumer Goods model Luxury Museum Fibers Studio ❖ Creation of high value-added differentiating PCC Fashion integ
Slide 7: New achievements for Chargeurs in 2022
New achievements for Chargeurs in 2022 January February March April May June Chargeurs celebrates Creation of Museum Record quarterly D&P Wins National Swaine opens a store Chargeurs PCC 150 years of Studio, umbrella growth for Chargeurs Air & Space Museum in Burlington Arcade Fashion Technologies e
Slide 8: A portfolio of niche businesses, global leaders
A portfolio of niche businesses, global leaders and generating performances year after year TECHNOLOGIES DIVISION LUXURY DIVISION CHARGEURS ADVANCED CHARGEURS PCC CHARGEURS CHARGEURS CHARGEURS CHARGEURS MATERIALS FASHION TECHNOLOGIES HEALTHCARE SOLUTIONS MUSEUM STUDIO LUXURY FIBERS PERSONAL GOODS Wo
Slide 9: Chargeurs rolls out its Leap Forward program
Chargeurs rolls out its Leap Forward program: a management model designed to adapt and premiumize its businesses MAKING OPERATIONS MANAGEMENT MORE PREMIUMIZATION TO CAPTURE THE POTENTIAL FLEXIBLE TO TACKLE CRISES PERFORMANCE OF OUR BUSINESSES ❖ Industrial agility and responsiveness ❖ Gradual revelat
Slide 10: In 2022, Chargeurs continued its disciplined strategy
In 2022, Chargeurs continued to follow its disciplined strategy focused on the profitable development of high-quality products and services Technologies Luxury ACCELERATION IN CASH FLOW Resistance, recovery and Solid commercial momentum GENERATION SINCE THE HEALTH leadership premium and acquisitions
Slide 11: In 2022, Chargeurs made two targeted acquisitions within its Luxury division
In 2022, Chargeurs made two targeted acquisitions within its Luxury division Skira Editore, world-renowned publisher of The Cambridge Satchel Company, a champion of high-end art books, bolsters CMS affordable “Made in Britain” luxury leather goods ❖ Reference editor for many ❖ Strong brand visibilit
Slide 12: Chargeurs pursues the strategic transformation of its business model
Chargeurs pursues the strategic transformation of its business model 2019 2022 Luxury > 25% Luxury: 18% 0,7% 13% 16% 2% 12% 44% 44% 0,9% €626m €746m 38% Technologies: 82% 30% Technologies < 75% ❖ The Group has made 10 acquisitions within its Luxury activity since 2018 ❖ Consolidation of Fournival Al
Slide 13: Solid 2022 performances in a very volatile environment
Solid 2022 performances in a very volatile environment Revenue Operating profit Net profit €746.4m €45.4m €22.1m Benefits of sectoral and Positive contribution from Financial caution and geographic diversification all businesses, operational discipline, asset values leverage and pricing power 2 0 2
Slide 14: Growth drivers which will unlock its performance potential
Beyond making our assets more flexible, Chargeurs is developing growth drivers which will unlock its performance potential UNLOCKING PERFORMANCE SECTORAL TALENTS PREMIUMIZATION SHIFT ❖ Strengthened leadership ❖ Exposure to new strong- ❖ Experienced international premium potential sectors, which tale
Slide 15: Clear drivers of organic value creation being activated
Clear drivers of organic value creation being activated Improving like-for-like performance Accelerating EBITDA generation of the business lines expected by 2025* Luxury > €30m • Advanced Materials : geographic expansion, acceleration in Technologies > €90m + New acquisitions demand for upscale mate
Slide 16: Balancing the contributions of Technologies and Luxury activities
In the medium term, Chargeurs aims to balance the contributions of the Technologies and Luxury activities 15 acquisitions completed since 2015 Additional contribution of upcoming acquisitions • 5 acquisitions in the Technologies activity • Acquisitions enabling a balanced contribution to - Geographi
Slide 17: Operating and financial review
Operating and financial review Olivier Buquen Chief Financial Officer
Slide 18: Revenue at €746.4 million, like-for-like growth of 8.7%
Revenue at €746.4 million, like-for-like growth of 8.7% excluding healthcare activities Strong growth in America and Asia, Very strong growth in the Luxury €m double-digit growth in Europe division, sectoral complementarity excluding CHS within the Technologies division 5.5 Personal Goods 736.6 746.
Slide 19: Technologies division operating review
Operating review TECHNOLOGIES division Sectoral complementarity and strong performances 2 0 2 2 a n n u a l r e s u lt s 19
Slide 20: Chargeurs Advanced Materials
Strong performances in a context of persistent inflation and inevitable volumes’ adjustment 2022 Q4 2022 Q4 2022 CHARGEURS ADVANCED €m 2022 2021 vs 2021 vs Q4 2021 MATERIALS Revenue Like-for-like 332. 6 340.9 -2.4% -6.3% 65.1 -24.5% -26.9% EBITDA 32. 0 36.7 -12.8% As % of revenue 9.6% 10.8% Recurrin
Slide 21: Chargeurs PCC Fashion Technologies
Significant increase in operating margin driven by operating leverage and pricing power 2022 Q4 2022 Q4 2022 CHARGEURS PCC €m 2022 2021 vs vs FASHION TECHNOLOGIES Revenue 220. 0 164.9 2021 +33.4% 53.1 Q4 2021 +0.2% Like-for-like +32.4% +8.2% EBITDA 24. 2 12.2 +98.4% As % of revenue 11.0% 7.4% Recurr
Slide 22: Chargeurs Healthcare Solutions
A business that has remained profitable despite the fall in orders as a result of the abatement of the health crisis in Europe CHARGEURS HEALTHCARE 2022 2021 2022 vs Q4 2022 Q4 2022 vs SOLUTIONS €m 2021 Q4 2021 Revenue 6. 4 94.8 -93.2% 0.1 -99.2% Like-for-like -93.2% -99.2% EBITDA 5. 2 22.6 -77.0% A
Slide 23: Luxury division operating review
Operating review LUXURY division Strong commercial dynamism and acquisitions 2 0 2 2 a n n u a l r e s u lt s 23
Slide 24: Chargeurs Museum Studio
The sales momentum points to an acceleration in growth and profitability in 2023 and beyond 2022 Q4 2022 Q4 2022 CHARGEURS €m 2022 2021 vs vs MUSEUM STUDIO Revenue 87. 2 49.8 2021 +75.1% 30.5 Q4 2021 +100.7% Like-for-like +34.5% +36.2% EBITDA 8. 3 7.2 +15.3% As % of revenue 9.5% 14.5% Recurring oper
Slide 25: Chargeurs Luxury Fibers
The success of NATIVATM is accelerating changes to CMS’s business model 2022 Q4 2022 Q4 2022 CHARGEURS LUXURY €m 2022 2021 vs vs FIBERS Revenue 94. 7 86.2 2021 +9.9% 18.5 Q4 2021 -25.1% Like-for-like +7.9% -25.3% EBITDA 2. 1 1.2 +75.0% As % of revenue 2.2% 1.4% Recurring operating profit 2. 0 1.0 +1
Slide 26: Chargeurs Personal Goods
Profitable brands that are well-positioned to take advantage of new luxury trends CHARGEURS €m 2022 2021 PERSONAL Revenue 5.5 0.0 GOODS Like-for-like EBITDA 0.6 0.0 As a % of revenue 10.9% Recurring operating profit 0.3 0.0 As a % of revenue 5.5% • Created on the initial consolidation of Fournival A
Slide 27: Attributable net profit at €22.1m
Financial review Attributable net profit at €22.1m €m 2022 2021 Change Revenue 746.4 736.6 1.3% Like-for-like growth of 8.7% excluding healthcare activities Gross profit 195.0 186.3 4.7% As a % of revenue 26.1% 25.3% Pricing power of the Technologies businesses EBITDA 67.9 73.8 -8.0% As a % of reven
Slide 28: Cash flow from operating activities, before changes in net working capital: €32.9m
Cash flow from operating activities, before changes in net working capital: €32.9m €m 2022 2021 EBITDA 67.9 73.8 Non-recurring – cash -10.4 -10.4 Financial expenses – cash -15.8 -14.0 Tax – cash -4.0 -6.1 Other -4.8 -0.3 Cash flows provided by operating activities, before 32.9 43.0 changes in net wo
Slide 29: A sound financial structure enabling the Group to finance its growth
A sound financial structure enabling the Group to finance its growth €m 31/12/2022 31/12/2021 Intangible assets 276.0 238.1 Increase linked to the acquisitions and changes in currencies Property, plant and equipment 84.4 85.3 Associates 8.1 7.9 Other net assets and liabilities 26.1 25.4 Exceptional
Slide 30: Conclusion
Conclusion Michaël Fribourg, Chairman and Chief Executive Officer
Slide 31: Approaching 2023 with caution and confidence: 3 priorities
Chargeurs is approaching 2023 with caution and confidence in its strengths, and has set itself 3 priorities to accelerate its strategic transformation Capitalize on the leadership and Realize the benefits of Museum Make a key acquisition for the competitiveness of the Studio’s change of scale Luxury
Slide 32: Chargeurs
He & CHARGEURS High Emotion Technology®