Hornbach Holding Ag & Co. Kgaa · XETR:HBH
Hornbach Holding Ag & Co. Kgaa — Hornbach Hldg — Q3 2025 Earnings Presentation
17 slides from Hornbach Holding Ag & Co. Kgaa's earnings presentation, Dec 30, 2024
Slide 1: Update Call Q3/9M 2024/25
Update Call Q3/9M 2024/25 HORNBACH Holding AG & Co. KGaA Karin Dohm (CFO) December 20, 2024, 8:30 a.m. CET Page 1 Investor Presentation | December 2024 ©HORNBACH Group 2024 20241220
Slide 2: Disclaimer
Disclaimer This document has been prepared by HORNBACH Holding AG & Co. KGaA (the “Company”, and together with its consolidated subsidiaries, the “HORNBACH Group”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation, including any oral presentati
Slide 3: Key financials: Stable sales and strong gross margin
HORNBACH Group: 9M 2024/25 – Financial update Key financials: Stable sales and strong gross margin Sales Gross Profit / margin Adj. EBIT / margin EPS €4,950.8m €1,713.1m 34.6% €300.0m 6.1% €11.84 Total sales: +0.5% +4.3% +1.3pp +11.4% 5.5% €9.59 LFL (DIY): +1.1% CAPEX Free Cash Flow Net leverage Equ
Slide 4: Net sales slightly up on positive organic development across Europe
Consolidated net sales in € million Net sales slightly up on the back of positive organic development across Europe 9M net sales (Mar 1 – Nov 30) HORNBACH Baustoff Union HORNBACH Baumarkt Geographic sales split +6.8% -1.7% +0.5% HORNBACH Baumarkt +4.2% 5,010 4,927 4,951 4,502 4,692 343 290 316 278 3
Slide 5: 9M 2024/25 like-for-like sales with positive development in majority of countries
HORNBACH Baumarkt: Like-for-like sales growth in % 9M 2024/25 like-for-like sales with positive development in majority of countries ▪ Demand benefitted from better weather Like-for-like sales growth1) per quarter and 9M in % conditions in most countries across Europe Q1 2023/24 Q2 2023/24 Q3 2023/2
Slide 6: E-commerce with slight growth in Q3 – sales share stabilizing
HORNBACH Baumarkt: Net sales in € million from online channels E-commerce with slight growth in Q3 – sales share stabilizing E-Commerce share of net sales: ▪ E-commerce share of HORNBACH Baumarkt sales (incl. Click & Collect) of 12.4% in 9.7% 12.9% 12.4% 9M 2024/25, comparable to H1 figure ▪ Slight
Slide 7: HORNBACH Baumarkt – positive market share development
Market share calendar year: Jan – Oct 2024 in % HORNBACH Baumarkt – positive market share development Market share 2024 in key countries ▪ HORNBACH has a clear focus on growing its Market share of HORNBACH Baumarkt January – October 2024 in % (GfK) market share (GfK) in a highly competitive environm
Slide 8: Gross margin significantly improved – cost structure stable despite higher wages
Cost structure and gross profit in € million and in % of net sales Gross margin significantly improved – cost structure stable despite higher wages +4.3% ▪ Gross margin improved significantly to 34.6% reflecting normalized core +1.5% commodity prices and healthier 1,406 1,428 product mix – gross pro
Slide 9: Adjusted EBIT substantially increased by 11.4%
Adjusted EBIT1) in € million and adjusted EBIT margin in % Adjusted EBIT substantially increased by 11.4% Adjusted EBIT and adjusted EBIT margin 9M: ▪ Group adjusted EBIT significantly increased due to improved gross profit 5.5% 6.1% Adj. EBIT in 9M (+4.3%) combined with conscious investments into f
Slide 10: Strong cash flow from operating activities reflects good business momentum
Cash flow in € million Strong cash flow from operating activities reflects good business momentum 9M 2023/24 9M 2024/25 ▪ Cash flow from operating activities increased by better net result and working Cash flow from operating activities 236.9 284.4 capital management of which: change in working capi
Slide 11: Strong balance sheet structure
Balance sheet in € million Strong balance sheet structure Assets Equity & Liabilities ▪ Slightly reduced inventories reflect seasonality 4,477 4,446 4,477 4,446 ▪ Net financial debt slightly below 370 391 Liquid funds February 2024 level 1,061 968 Current liabilities Inventories. ▪ Continuous strong
Slide 12: Strong performance of the HORNBACH share compared to German indices
Share price development Strong performance of the HORNBACH share compared to German indices Share price index (Jan 2 to Dec 16, 2024) 135 130 +29% 125 120 +21% 115 110 105 100 +1% 95 -2% 90 85 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 DAX MDAX SDAX HORNBACH
Slide 13: Pursuing long-term opportunities while navigating current challenges
Strategic focus Pursuing long-term opportunities while navigating current challenges ▪ Sustain price leadership and remain a reliable partner to our customers ▪ Continue to invest in our ICR strategy and the digitalization of our business to maintain strong market positions ▪ Further improve efficie
Slide 14: Earnings guidance for FY 2024/25 unchanged
Guidance and store openings Earnings guidance for FY 2024/25 unchanged HORNBACH Baumarkt: Store openings in 2024/25 Net sales 2024/25 At the level of 2023/24* Net sales 2023/24 € 6,161m Adjusted EBIT 2024/25 At or slightly above the level of 2023/24 Format Format Adjusted EBIT 2023/24 € 254.2m Nurem
Slide 15: Q&A
Q&A Page 15 Investor Presentation | December 2024 ©HORNBACH Group 2024
Slide 16: Upcoming events & IR contact
Upcoming events & IR contact Financial Calendar Investor Relations Contact Antje Kelbert January 9, 2025 ODDO BHF Forum, Lyon (+49) 0 63 48 / 60-2444 antje.kelbert@hornbach.com January 13, 2025 Commerzbank and ODDO BHF – German Investment Seminar, New York Anne Spies January 22, 2025 Kepler Cheuvreu
Slide 17: Page 17 Investor Presentation | December 2024 ©HORNBACH Group 2024
Page 17 Investor Presentation | December 2024 ©HORNBACH Group 2024