Tcm Group As · OMXCOP:TCM

Tcm Group As — Q3 2019 Earnings Presentation

11 slides from Tcm Group As's earnings presentation, Nov 6, 2019

  1. Slide 1: TCM Group A/S Interim Report July-September 2019

    TCM Group A/S Interim Report July-September 2019 November 6, 2019

  2. Slide 2: Continued strong revenue growth in Q3 with 17.3% organic revenue growth

    Continued strong revenue growth in Q3 - with 17.3% organic revenue growth Revenue 17.3% 238 mDKK organic (202 mDKK) growth Cash conversion Adjusted EBITA 101.7% 39 mDKK (99.4%) (33 mDKK) NWC ratio Adjusted EBITA -7.3% growth (-6.4%) 19.9% Adj. EBITA margin 16.4% (16.1%) 2

  3. Slide 3: Business update Q3 2019

    Business update Q3 2019  Positive Danish market development in 2019 of 1-2% and TCM Group continued to gain market share with organic growth in Denmark of 19%  Growth primarily driven by B2B through the branded stores in Denmark  Production setback following a lightning strike with non- recurring

  4. Slide 4: Financial highlights Q3

    Financial highlights Q3 Q3 2019  Net revenue 238 mDKK (202)  Organic growth of 17.3%  Adjusted EBITA 39 mDKK (33) – up 19.9%  Adjusted EBITA margin 16.4% (16.1%)  EBIT 34 mDKK (31) – up 11.3%  EBIT margin 14.4% (15.1%) 4

  5. Slide 5: Financial highlights YTD Q3

    Financial highlights YTD Q3 YTD Q3 2019  Net revenue 745 mDKK (648)  Organic growth of 15.0%  Adjusted EBITA 116 mDKK (102) – up 14.1%  Adjusted EBITA margin 15.5% (15.7%)  EBIT 107 mDKK (94) – up 14.2%  EBIT margin 14.4% (14.5%) 5

  6. Slide 6: Strong revenue growth

    Strong revenue growth 2019 2018 2019 2018 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Net revenue (mDKK) 238 202 745 648 - Organic growth 17.3% 15.0% 18.9% growth in DK revenue Q3 comments  Strong organic growth in DK +18.9%  Growth driven by B2B and a higher share of revenue 0.3% increase in from 3rd party p

  7. Slide 7: Improved earnings

    Improved earnings 2019 2018 2019 2018 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Net revenue (mDKK) 238 202 745 648 - Gross Margin 28.1% 29.6% 27.4% 28.5% Adjusted EBITA (mDKK) 39 33 116 102 - Adj. EBITA margin 16.4% 16.1% 15.5% 15.7% EBIT (mDKK) 34 31 107 94 - EBIT margin 14.4% 15.1% 14.4% 14.5% Q3 comments 

  8. Slide 8: NWC ratio improved

    NWC ratio improved 2019 2018 Sep Sep Net working capital (mDKK) -73 -55 NWC ratio -7.3% -6.4% NIBD (mDKK) 119 162 Leverage (x EBITDA) 0.6 1.0 Q3 comments  NWC ratio improved compared to last year driven by lower trade receivables  NIBD decreased by 32mDKK during Q3.  At the end of Q3 NIBD was imp

  9. Slide 9: High cash conversion continued

    High cash conversion continued 2019 2018 2019 2018 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Operating profit (mDKK) 34 31 107 94 Depreciation and amortization (mDKK) 6 4 16 12 Change in NWC (mDKK) 4 3 -22 -26 Tax a.o (mDKK) 0 0 -5 -4 Capex excl. acquisitions (mDKK) -4 -3 -9 12 Operating cash flow excl. acqui

  10. Slide 10: Financial outlook 2019

    Financial outlook 2019 TCM Group  Full-year guidance for 2019 is reiterated:  Net revenue: 1,000-1,030mDKK corresponding to growth of 11-14%  Adjusted EBITA: 160-170mDKK (growth of 8-15%)  EBIT: 150-160mDKK (growth of 9-16%) 10

  11. Slide 11: Q&A

    Q&A

TCM Group — Q3 2019 Earnings Presentation on 6ix