Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Fabryki Mebli "Forte" — Q1 2016 Earnings Presentation
21 slides from Grupa Forte Spolka's earnings presentation, May 11, 2016
Slide 1: Financial Results 1st Quarter 2016
FINANCIAL RESULTS 1ST QUARTER 2016 Warsaw 11 May 2016
Slide 2: 1st quarter 2016
1st quarter 2016 We sold 1 m pcs of furniture Turnover PLN 300 m 17% more than in Q1 2015 Net profit 11.4 % 36% more than in Q1 2015 The proposed dividend: PLN 1 per share
Slide 3: Sales Revenue
SALES REVENUE T PLN + 17% 300 000 + 21% 250 000 + 35% 200 000 150 000 100 000 50 000 156 537 212 043 255 770 300 145 0 2013 2014 2015 2016
Slide 4: Net Profit
NET PROFIT T PLN + 36% 35 000 30 000 + 8% 25 000 + 68% 20 000 15 000 10 000 5 000 13 809 23 228 25 111 34 164 0 2013 2014 2015 2016
Slide 5: Financial Data Q1 2016
FINANCIAL DATA Q1 2016 T PLN Q1 2014 Q1 2015 Q1 2016 Sales revenue 212 043 255 770 300 145 Gross profit on sales 80 750 94 021 120 548 Gross margin 38.10% 36.80% 40.20% Cost of sales 43 734 51 543 64 326 Result on sales 37 016 42 478 56 222 Sales margin 17.50% 16.60% 18.70% G&A costs 8 566 8 577 12
Slide 6: Financial Indicators
FINANCIAL INDICATORS Q1 2014 Q1 2015 Q1 2016 Current ratio 3.19 3.32 1.79 Quick ratio 2.10 2.13 1.20 Debt ratio 0.33 0.33 0.35 ROE 5.70% 5.50% 6.62%
Slide 7: Geographical Structure of Sales in Q1 2016
GEOGRAPHICAL STRUCTURE OF SALES IN Q1 2016 8.2% CENTRAL, SOUTH AND EASTERN EUROPE 12.6% POLAND 58% GERMAN-SPEAKING EUROPE (DACH)) 21.2% WESTERN EUROPE (EXCEPT FOR DACH)
Slide 8: FORTE Furniture Factories debut on the Warsaw Stock Exchange
1996 FORTE Furniture Factories debut on the Warsaw Stock Exchange 20 YEARS ON THE WSE
Slide 9: 20 Years on the WSE
20 YEARS ON THE WSE 1996 2016 Production volumen in the factory in Production volumen in the factory in Ostrów Maz. Ostrów Maz. 1 000 000 pcs of furniture 65 000 pcs of furniture a year a year Assortment 400 models Assortment 3 200 models First listing of shares PLN 11 Share price PLN 67.04 As at 24
Slide 10: Milestones: 1992 – Ostrów Mazowiecka
MILESTONES 1992 – OSTRÓW MAZOWIECKA 1992 1993 1996 1998 1999 2001 2004 2015
Slide 11: Milestones: 1993 – Suwałki
MILESTONES 1993 – SUWAŁKI 1992 1993 1996 1998 1999 2001 2004 2015
Slide 12: Milestones: 1996 – Debut on the WSE
MILESTONES 1996 – DEBUT ON THE WSE 1992 1993 1996 1998 1999 2001 2004 2015
Slide 13: Milestones: 1998 – Białystok
MILESTONES 1998 – BIAŁYSTOK 1992 1993 1996 1998 1999 2001 2004 2015
Slide 14: Milestones: 1999 – Hajnówka, Przemyśl
MILESTONES 1999 – HAJNÓWKA 1999 – 2009 PRZEMYŚL 1992 1993 1996 1998 1999 2001 2004 2015
Slide 15: Milestones: 2001–2011 Ukraine
MILESTONES 2001 – 2011 UKRAINE 1992 1993 1996 1998 1999 2001 2004 2015
Slide 16: Milestones: 2004–2011 Russia
MILESTONES 2004 – 2011 RUSSIA 1992 1993 1996 1998 1999 2001 2004 2015
Slide 17: Milestones: 2015 – Warehouse in Ostrów Mazowiecka
MILESTONES 2015 – A WAREHOUSE IN OSTRÓW MAZOWIECKA 1992 1993 1996 1998 1999 2001 2004 2015
Slide 18: Development of the Forte Share Price Against the MWIG40
DEVELOPMENT OF THE FORTE SHARE PRICE AGAINST THE MWIG40 80 6 000 +424% 5 500 70 5 000 60 4 500 50 4 000 40 3 500 +37% 3 000 30 MWIG40 2 500 20 2 000 FORTE 10 1 500 0 1 000 2013-01-02 2014-01-15 2015-01-23 2016-01-29
Slide 19: The Forte Share Price in 2016
THE FORTE SHARE PRICE IN 2016 70 +28,6% PLN 67.04 65 60 55 PLN 52.13 50 45 04.01.2016 10.05.2016
Slide 20: Next Investor Presentations
NEXT INVESTOR PRESENTATIONS 31 15 AUGUST NOVEMBER 2016 2016 20
Slide 21: Fabryki Mebli "Forte" S.A.
FABRYKI MEBLI „FORTE” S.A. ul. Biała 1, 07-300 Ostrów Mazowiecka Poland
Fabryki Mebli "Forte" — Q1 2016 Earnings Presentation on 6ix