Humble Group Ab · OMXSTO:HUMBLE
Humble Group Ab — Q1 2024 Earnings Presentation
27 slides from Humble Group Ab's earnings presentation, May 2, 2024
Slide 1: Interim Report January – March 2024
INTERIM REPORT JANUARY – MARCH 2024
Slide 2: Strong Demand and Improved Profitability
INTERIM REPORT JANUARY – MARCH 2024 STRONG DEMAND AND IMPROVED PROFITABILITY Financial information First quarter • Net sales amounted to MSEK 1,838 (1,592), an increase with 15% compared to the corresponding period last year. The organic growth for the period was 11%. • EBITA amounted to MSEK 133 (1
Slide 3: Summary: Strong Demand and Improved Profitability
| SUMMARY STRONG DEMAND AND IMPROVED PROFITABILITY We begin 2024 with stable growth in the group, where net sales amounted to SEK 1,838 million (1,592), a total increase of 15 percent, of which 11 percent constitute organic growth. Considering that we had a negative calendar effect of approximately
Slide 4: Summary: Results and Outlook
| SUMMARY Results Outlook The quarter marked a significant improvement in our profitability, There is great optimism in the group. We are starting to get which is a testament to the strength of our business model. We through the tough time that the margin pressure of the last two have not yet receiv
Slide 5: Humble Group's Financial Development
| CONSOLIDATED DEVELOPMENT HUMBLE GROUP’S FINANCIAL DEVELOPMENT FIRST QUARTER REVENUES RESULTS Net sales EBITA Net sales for the quarter amounted to MSEK 1,838 (1,592), an Adjusted EBITA amounted to MSEK 126 (102), which increase of 15% compared to the corresponding period last year. corresponded to
Slide 6: Segment Report - Future Snacking
| SEGMENT INFORMATION SEGMENT REPORT - FUTURE SNACKING SEGMENT OVERVIEW True Gum continues to expand and has secured new Our commitment to cutting-edge, sustainable snacks and assorted listings. Despite this growth, the company encountered eats challenges conventional options, prioritizing health
Slide 7: Segment Report - Sustainable Care
| SEGMENT INFORMATION SEGMENT REPORT - SUSTAINABLE CARE SEGMENT OVERVIEW Sustainable Care encompasses a wide range of brands, Solent, the largest entity in the segment, delivered two- distributors, and manufacturers that cover multiple categories digit topline growth with an improved profitability
Slide 8: Segment Report - Quality Nutrition
| SEGMENT INFORMATION SEGMENT REPORT - QUALITY NUTRITION SEGMENT OVERVIEW Quality Nutrition is dedicated to delivering premium nutritional collaboration between Bars Production in Gråbo, Bars products and supplements for athletes and the everyday Production Australia and Body Science. This signifies
Slide 9: Segment Report - Nordic Distribution
| SEGMENT INFORMATION SEGMENT REPORT - NORDIC DISTRIBUTION SEGMENT OVERVIEW Ever since its inception, Humble Group has pursued a bottom-line results in a highly margin sensitive industry. comprehensive strategy that encompasses the entire value chain, Freight and logistics centralisation project i
Slide 10: Other Information
| OTHER INFORMATION OTHER INFORMATION ABOUT HUMBLE GROUP PARENT COMPANY Humble Group is a leading FMCG Group with a focus on health Humble Group AB divest all shares in Bayn Production AB for a and well-being. The Group comprises 47 operating entities at the total purchase price of MSEK 7.7. day of
Slide 11: The Share
| THE SHARE THE SHARE THE SHARE LARGEST SHAREHOLDERS The Group’s share with ticker HUMBLE has been listed on Nasdaq The ten largest shareholders per March 31, 2024, are listed below: First North Growth Market since 12 November 2014. Owner Shares Votes NUMBER OF SHARES Neudi & C:o AB 46 435 778 10,47
Slide 12: Consolidated Statement of Comprehensive Income
| FINANCIAL INFORMATION CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Last Twelve First quarter Full year Months Apr 2023 - 2024 2023 2023 Amount in MSEK Note Mar 2024 Net sales 4 1,838 1,592 7,295 7,050 Capitalized work on own account 1 20 64 83 Other operating income 45 81 226 262 Raw materials a
Slide 13: Group Balance Sheet - In Summary
| FINANCIAL INFORMATION GROUP BALANCE SHEET - IN SUMMARY March, 31 December, 31 Amount in MSEK Note 2024 2023 2023 ASSETS Non-currenct assets Intangible assets 6 098 6 093 6 013 Tangible fixed assets 190 406 191 Financial assets 101 71 99 Right-of-use assets 295 140 299 Deferred tax assets 29 27 29
Slide 14: Consolidated Statement of Changes in Equity
| FINANCIAL INFORMATION CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Equity attributable to Parent Company's shareholder Total Share Other equity Translation Retained shareholders capital contributed reserve earnings Amount in MSEK equity Opening balance January 1, 2023 66 4,131 177 -338 4,036 Net in
Slide 15: Group Cash-Flow Statement
| FINANCIAL INFORMATION GROUP CASH-FLOW STATEMENT Last Twelve First quarter Full year Months Apr 2023 - 2024 2023 2023 Amount in MSEK Mar 2024 OPERATING ACTIVITIES Profit and loss after financial items 31 3 -33 -61 Adjustment for non-cash items Depreciation and Amortization 71 71 341 341 Other items
Slide 16: Income Statement - Parent Company
| FINANCIAL INFORMATION INCOME STATEMENT - PARENT COMPANY Last Twelve First quarter Full year Months Apr 2023 - 2024 2023 2023 Amount in MSEK Mar 2024 Net sales 0 1 44 44 Other operating income 0 3 -1 1 Total revenue 0 4 42 46 Capitalized work on own account 0 0 0 0 Other external expenses -8 -3 -34
Slide 17: Parent Company Balance Sheet – In Summary
| FINANCIAL INFORMATION PARENT COMPANY BALANCE SHEET – IN SUMMARY March, 31 December, 31 Amount in MSEK Note 2024 2023 2023 ASSETS Non-current assets Intangible fixed assets 2 1 2 Tangible fixed assets 3 1 3 Financial fixed assets 6,948 6,967 6,967 Total non-current assets 6,953 6,969 6,972 Current
Slide 18: Notes
| FINANCIAL INFORMATION NOTES NOTE 1 – ACCOUNTING PRINCIPLES The consolidated financial statements have been prepared in accordance with the Swedish Annual Accounts Act, RFR 1 Supplementary Accounting Rules for Groups and International Financial Reporting Standards (IFRS) and interpretations issued
Slide 19: Note 4 – Segment Information and Disclosure of Revenue
| FINANCIAL INFORMATION NOTE 4 – SEGMENT INFORMATION AND DISCLOSURE OF REVENUE The Group's chief operating decision maker is the chief executive officer (CEO), who primarily uses a measure of adjusted earnings before interest, tax, depreciation, and amortization (Adjusted EBITDA) to assess the perfo
Slide 20: Note 5 – Financial Expenses
| FINANCIAL INFORMATION Last Twelve First quarter Full year Net sales per country Months Apr 2023 - 2024 2023 2023 Amount in MSEK Mar 2024 Australia 118 84 457 423 China 41 31 202 193 Denmark 22 20 82 80 Finland 31 26 112 108 Germany 65 77 260 272 Norway 78 70 272 264 Portugal 47 36 178 167 Sweden 9
Slide 21: Note 6 – Assets Held for Sale; Note 7 – Items Affecting Comparability
| FINANCIAL INFORMATION NOTE 6 – ASSETS HELD FOR SALE On December 1st,, 2023, the Group announced its intention March, 31 regarding sale of real estates as a sale and leaseback transaction. The first part of the sale took place on December 15th. On April 2024 17th the second part of the sale was com
Slide 22: Note 8 – Net Interest-Bearing Debt
| FINANCIAL INFORMATION Last Twelve First quarter Full year Months Apr 2023 - 2024 2023 2023 Amount in MSEK Mar 2024 EBITDA 157 156 660 659 Items affecting comparability -5 -28 -20 -42 Adjusted EBITDA 152 128 640 617 EBITA 133 130 550 547 Items affecting comparability -5 -28 -20 -42 Adjusted EBITA 1
Slide 23: Note 9 – Business Combinations
| FINANCIAL INFORMATION NOTE 9 – BUSINESS COMBINATIONS BUSINESS COMBINATIONS 2024 No acquisition has been made during the first quarter of 2024. BUSINESS COMBINATIONS 2023 Subsidiary Acquisition date Shares and votes Segment Vertical Country Napame Holding AB 2023-03-01 100% Future snacking Manufact
Slide 24: Note 10 – Financial Instruments Measured at Fair Value
| FINANCIAL INFORMATION NOTE 10 – FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE The levels in the fair value hierarchy are defined as follows: which usually is measured to certain pre-determined EBITDA- levels by the subsidiary to be reached. The nature of the payments Financial instrument level 1 is
Slide 25: Definitions and Calculations on Key Ratio
| FINANCIAL INFORMATION DEFINITIONS AND CALCULATIONS ON KEY RATIO This report includes definitions and key figures that are not clearly defined in ÅRL or International Financial Reporting Standards (IFRS) but are what the Group management considers to be relevant to users of the financial report as
Slide 26: Glossary; Board of Directors' Approval
| FINANCIAL INFORMATION GLOSSARY FMCG LTM FMCG is an industry term and is short for Fast Moving Consumer Short for Last twelve months. Good. Proforma Contingent consideration Present the income statement before intra group eliminations in Deferred purchase price payments that are contingent upon all
Slide 27: Contact Us
| CONTACT US Headquarters Ingmar Bergmans gata 2 114 34 Stockholm info@humblegroup.se www.humblegroup.se +468 613 28 88 Johan Lennartsson Simon Petrén Noel Abdayem Chief Financial Officer Chief Executive Officer Vice President & COO Brands johan.lennartsson@humblegroup.se simon.petren@humblegroup.se