Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Fabryki Mebli "FORTE" — H1 2016 Earnings Presentation
15 slides from Grupa Forte Spolka's earnings presentation, Aug 31, 2016
Slide 1: Financial Results 1st Half Year 2016
FINANCIAL RESULTS 1ST HALF YEAR 2016 Warsaw 31 August 2016
Slide 2: 1st half year 2016
1st half year 2016 We sold 1.7 m pcs of furniture. Turnover PLN 540 m 21% MORE THAN IN H1 2015 EBITDA margin 15.2 % Net profit margin 10.0 % 46% MORE THAN IN H1 2015
Slide 3: Sales Revenue in H1 2016
SALES REVENUE IN H1 2016 T PLN 600 000 + 21% 500 000 + 11% + 33% 400 000 + 15% 300 000 200 000 100 000 263 346 303 347 402 792 446 692 540 483 0 2012 2013 2014 2015 2016
Slide 4: Net Profit in H1 2016
NET PROFIT IN H1 2016 T PLN + 46% 60 000 50 000 + 67% - 8% 40 000 30 000 + 66% 20 000 10 000 14 522 24 169 40 399 37 092 53 980 0 2012 2013 2014 2015 2016
Slide 5: Financial Data H1 2016
FINANCIAL DATA H1 2016 T PLN Q1-2 2014 Q1-2 2015 Q1-2 2016 Sales revenue 402 792 446 692 540 483 Gross profit on sales 148 838 159 399 209 196 Gross margin 37.0% 35.7% 38.7% Cost of sales 80 833 94 106 112 969 Result on sales 68 005 65 293 96 227 Sales margin 16.9% 14.6% 17.8% G&A costs 17 371 17 61
Slide 6: Financial Data – Q2 Comparative Data
FINANCIAL DATA – Q2 COMPARATIVE DATA Q2 2015 Q2 2016 T PLN Q2 2014 Q2 2015 Q2 2016 vs Q2 2014 vs Q2 2015 Sales revenue 190 749 190 922 0.1% 240 338 25.9% Gross profit on sales 68 088 65 378 -4.0% 88 648 35.6% Gross margin 35,7% 34,2% -4,1% 36,9% 7,7% Cost of sales 37 099 42 563 14.7% 48 643 14.3% Re
Slide 7: Financial Indicators
FINANCIAL INDICATORS Q1-2 Q1-2 2012 2013 2014 2015 2016 Current ratio 2.66 3.21 3.17 3.16 2.11 Quick ratio 1.52 2.00 1.85 1.79 1.46 Debt ratio 0.28 0.31 0.34 0.35 0.41 ROE 10% 15% 18% 9% 11%
Slide 8: Geographical Structure of Sales in H1 2016
GEOGRAPHICAL STRUCTURE OF SALES IN H1 2016 8.9% CENTRAL, SOUTH AND EASTERN 54.8% EUROPE GERMAN-SPEAKING 15.6% EUROPE (DACH) POLAND 20.7% WESTERN AND NORTHERN EUROPE
Slide 9: The Forte Academy
THE FORTE ACADEMY The FORTE Academy offers all our employees the opportunity to improve their qualifications. The project is open to all employees interested in improving their knowledge and competencies. 1 Career path Quality improvement 5 2 Development of staff competencies Increase of 4 3 Transpa
Slide 10: The Forte Academy
THE FORTE ACADEMY Dedicated Program launched in cooperation 2015 with the Business School of the Warsaw University of Technology Development program for senior management staff Individual postgraduate programs for middle management and aspiring managers 2016 Training program to improve qualification
Slide 11: Development Plan until 2021 – Objectives
DEVELOPMENT PLAN UNTIL 2021 – OBJECTIVES m Euro m packs 16 500 400 12 300 8 200 4 100 0 0 2015 2021 2015 2021
Slide 12: Development Plan until 2021 – Objectives
DEVELOPMENT PLAN UNTIL 2021 – OBJECTIVES Ensuring the availability of the basic raw material which is chipboard Step by step increase of profitability by reducing raw material costs
Slide 13: Development of the Forte Share Price against the MWIG40
DEVELOPMENT OF THE FORTE SHARE PRICE AGAINST THE MWIG40 76,80 FORTE Share Price +462% 30.08.2016 r. +51% 2013-01-02 2014-01-15 2015-01-23 2016-01-29
Slide 14: Next Investor Presentation
NEXT 15 INVESTOR NOVEMBER PRESENTATION 2016
Slide 15: Fabryki Mebli "Forte" S.A.
FABRYKI MEBLI „FORTE” S.A. ul. Biała 1, 07-300 Ostrów Mazowiecka Poland
Fabryki Mebli "FORTE" — H1 2016 Earnings Presentation on 6ix