Seb Sa · EURONEXT:SK
Seb Sa — Groupe SEB — Q1 2024 Earnings Presentation
26 slides from Seb Sa's earnings presentation, Apr 25, 2024
Slide 1: 2024 First-Quarter Sales and Financial Data
GROUPE SEB Ecully | April 25, 2024 ere Wwww.groupeseb.com
Slide 2: Disclaimer
2024 FIRST-QUARTER SALES AND DISCLAIMER This document may co situation. These forec: Registration Document and Anni financial markets authority. This document may contain ind 25/04/2024
Slide 3: Agenda
2024 FIRST-QUARTER : ae O01 Qlactivity highlights =~ O2 ORFA &financia 03 04 25/04/2024
Slide 4: Q1 activity highlights
SEB ORFA €111m +70.1% vs. Q1 2023 Sales = €1,8935m +7.3% LL vs. Q12023 Net financial debt €1,8536m -€28m vs. 31/03/2023 Operating margin 9.8% +2.2 pts vs. Q1 2025
Slide 5: Q1 2024 key figures
Slide 6: Sales in €m
Ss SEB Sales in€m Organic growth Currency effect Scope effect +7.3% =4.1% +0.7% T Q12023 Q12024
Slide 7: Currency effect by currency
10 CoP CHF MXN PLN BRL GBP CZK UAH KRW EGP USD JPY ARS RUB TRY CNY Others SEB
Slide 8: Professional and Consumer sales
2024 FIRST-QUARTER SALES AND FINANCIAL DATA Excellent performance in,Professional Solid growth in Consumer SALES €1,893mM +3.9% | +7.3% LFL Professional Consumer €258m €1,655m +23.3% +1.4% +18.5% LFL +5.8% LFL 25/04/2024
Slide 9: Professional strong Q1 growth
SEB Strong Q1 growth (+18.5% LFL) ona demanding comparison base (Q1 2023 +29% LFL) Professional Coffee: Very good quarter in Germany, China and Italy Continued international expansion: Mexico, Taiwan, Malaysia, Eastern Europe... ..with a wider customer base: tea chains in China Roll-out phasing of l
Slide 10: Closing of the acquisition of Groupe Sofilac
2024 FIRST-QUARTER SALES AND FINANCIAL DATA Closing of the acquisition of Groupe Sofila¢ High-end professional and semi-professional cooking equipment in 2023, mostly in Professional Present in more than generated from We aim to actively develop in professional culinary Ambition to become a referenc
Slide 11: Consumer Q1 2024 organic growth
Q12024 €1,635m +1.4% +5.8% LFL Another quarter with organic growth exceeding 5% In a gradually recovering consumer environment, Small Domestic Equipment market remains in a favorable momentum: increased number of countries trending upward, particularly in Europe fueled by product innovation New prod
Slide 12: Increasing number of countries in growth
Increasing number of countries in growth Momentum still favorable in our categories 6 HOME AND PERSONAL CARE @ +18.4% 14 4 KITCHEN ELECTRICS +4.7% H12023 H2 2023 Q12024 mu # growing countries # declining countries COOKWARE Organic growth for 17 top 20 countries in Q1 2024 45.1% (excl. LP) Excl. LP,
Slide 13: Consumer - EMEA
2024 FIRST-QUARTER SALES AND FINANCIAL DATA Consumer - EMEA Slight progress excl. LPs in Western Europ Continued strong growth in Eastern Europe Q12024 €786m +3.4% > Gradual upturn in SDE market, driven by online sales +8.0% LFL > Business excl. LPs up in most countries within Western Europe: Group
Slide 14: Consumer - Americas
SEB Q12024 €246 m North America: confirmation of the positive trend observed since H2-23 > Growth continued in the US, driven by cookware +15.8% > Sustained double-digit growth in Mexico: solid performance in linen care, brisk growth +14.0% LFL ' site p 3 or fans North 7.7% > Very good activity, mai
Slide 15: Consumer - Asia
Q12024 €603m Slight growth in China in an unfavorable consumer environment: -5.8% +0.5% LFL > Muted market, unchanged vs. H2 2023 > Continued market share gains > Resilience drivers: product mix, innovation, online execution | | ara0zs | Q12024 Mixed performance in other Asian countries: 498 China 5
Slide 16: ORFA & financial structure
Slide 17: Operating margin progressing
2024 FIRST-QUARTER SALES AND FINANCIAL DATA SEB Operating margin progressing Q1-24 Confirmed strong rebound in operating Operating margin ce Result From €1 1 a | mM > Support from volumes in both Professional and re Activity Consumer segments i (ORFA) +70.1% vs. Q1 2023 > Product mix bolstered by in
Slide 18: Strengthening of financial structure and debt maturity
Continued strengthening of financial structure and extension of average debt maturity New €495m Club Deal with relationship banks €150m, 12-year private placement, with leading institutional investors
Slide 19: Outlook for 2024
Slide 20: Still uncertain macroeconomic and geopolitical context
Still uncertain macroeconomic and geopolitical context Slow economic recovery, especially in China Resilient Consumer market Continued brisk development in Professional markets Consumer: more widespread return to growth in mature countries gradual year-round recovery in China continued good dynamic
Slide 21: Appendices
Slide 22: Total sales breakdown
Total sales Professional 14% Consumer 86% Consumer sales Other Asia 6% China 30% €1,635m +5.8% LFL South America 6% North wns a 10%
Slide 23: Q1 sales per region
2024 FIRST-QUARTER SALES AND FINANCIAL DATA Ql sales per region Q12024 Reported Q12024 LFL 760 786 EMEA 43.4% +8.0% Western Europe 524 515 -1.8% -3.1% Other countries 236 271 414.9% 432.9% 212 246 +15.8% +14.0% 143 155 +8.8% +7.7% 69 90 +30.3% 427.1% ASIA 603 -5.8% +0.5% China -5.6% +0.5% Other Asia
Slide 24: Glossary
24 FIRST-QUARTER SALES AND FINANCIAL DATA Glossary On a like-for-like basis (LFL)- Organic The amounts and growth rates at constant exchange rates and consolidation scope in a given year compared with the previous year are calculated: > _ using the average exchange rates of the previous year for the
Slide 25: Contacts
2024 FIRST-QUARTER SALES AND FINANCIAL DATA Contacts Investor / Analyst Relations Groupe SEB Investor Relations and Financial Communication Dept Raphaél Hoffstetter Guillaume Baron rhoffstetter@groupeseb.com gbaron@groupeseb.com Phone: +33 (0) 472 18 16 04 comfin@groupeseb.com www.groupeseb.com Medi
Slide 26: Next key dates - 2024
2024 FIRST-QUART! ND FINANCIAL DATA Agenda Next key dates - 2024 2:30 pm (Paris time) Annual General Meeting after market closes H1 2024 sales and results after market closes 9-month 2024 sales and financial data