Seb Sa · EURONEXT:SK
Seb Sa — Groupe SEB — Q1 2018 Earnings Presentation
23 slides from Seb Sa's earnings presentation, Apr 26, 2018
Slide 1: 2018 First-Quarter Sales and Financial Data
2018 FIRST-QUARTER SALES AND FINANCIAL DATA 26 April 2018
Slide 2: Disclaimer
2018 FIRST-QUARTER SALES AND FINANCIAL DATA DISCLAIMER Some of the statements contained in this document may be forward- looking statements concerning Groupe SEB's financial position, results, businesses, strategy or projects. Groupe SEB considers that such statements are based on reasonable assumpt
Slide 3: Agenda
2018 FIRST-QUARTER SALES AND FINANCIAL DATA 1 Figures 2 Business review by geography 3 2018 Outlook 4 Appendix 2018 First-Quarter Sales and Financial Data 3
Slide 4: Figures
FIGURES 2018 First-Quarter Sales and Financial Data 4
Slide 5: Key figures – Q1 2018
Key figures – Q1 2018 Revenue €1,559m +2.1% in € +7.4% LFL Operating Result from Activity €123m €138m as reported LFL and excl. 2017 PPA one-off -6% in € Stable Net debt at 31/03 €1,725m -€180m vs 31/12/2017 2018 First-Quarter Sales and Financial Data 5
Slide 6: Organic growth in sales by quarter
Organic growth in sales by quarter Full year En % 2015 2016 2017 +8.0% +6.1% +9.2% 12 11.5 10 9.4 8.6 8.8 8.4 8 7.4 7.9 7.8 7.2 6 6.9 6.5 5.1 6.0 4 2015 2016 2 2017 2018 0 T1 T2 T3 T4 2018 First-Quarter Sales and Financial Data 6
Slide 7: Analysis of Q1 2018 sales growth
Analysis of Q1 2018 sales growth In €m +114 -86 +4 1,559 1,527 Organic Currency Others growth effect +7.4% -5.6% +0.3% +2.1% Q1 2017 Q1 2018 2018 First-Quarter Sales and Financial Data 7
Slide 8: Currency impact on Q1 2018 sales
Currency impact on Q1 2018 sales Groupe SEB : Q1 - 86 M€ In €m 0 -5 -10 -15 -20 -25 -30 -35 ARS KRW CHF TRY JPY RUB BRL CNY COP USD 2018 First-Quarter Sales and Financial Data 8
Slide 9: Q1 2018 revenue by region
Q1 2018 revenue by region As Q1 2017 Q1 2018 LFL In €m reported EMEA 659 686 +4.1% +6.3% Western Europe 494 503 +1.8% +2.2% Other countries 165 183 +10.9% +18.5% AMERICAS 204 161 -21.1% -11.0% North America 126 92 -26.7% -19.8% South America 78 69 -12.2% +4.3% ASIA 519 578 +11.3% +19.2% China 403 46
Slide 10: WMF
WMF Q1 sales / €m 2017 2018 LFL Professional 145 134 -3,8% Consumer 129 124 -2,5% WMF 274 258 -3,2% ▪ Consumer sales Now largely integrated in the business activity of Groupe SEB market subsidiaries ▪ Professional business: As announced, sales downturn on high comps: two major contracts in Canad
Slide 11: Q1 2018 sales by region
Q1 2018 sales by region Consumer Mature / Emerging countries 8% Western Europe Mature Emerging 35% Other EMEA countries Consumer 47% 53% North America 33% €1,425m South America WMF Pro. 84% 16% China GROUPE 50% 50% Other Asian countries 5% 13% 6% 2018 First-Quarter Sales and Financial Data 11
Slide 12: Business Review by Geography
BUSINESS REVIEW BY GEOGRAPHY 2018 First-Quarter Sales and Financial Data 12
Slide 13: Western Europe
Western Europe Reminder Q1 sales / €m 2017 2018 REPORTED LFL LFL 2017 Western Europe 494 503 +1.8% +2.2% +4.3% ▪ Mixed picture on the Small Electrical Appliance market in Q1 Remains driven by vacuum cleaners and electrical cooking ▪ Groupe SEB: still growing at a firm pace Growth limited by the
Slide 14: Other EMEA countries
Other EMEA countries Reminder Q1 sales / €m 2017 2018 REPORTED LFL LFL 2017 Other EMEA countries 165 183 +10.9% +18.5% +7.4% ▪ An ongoing overall positive backdrop despite higher FX volatility Growing demand in Central Europe, Russia, Turkey… Sharp / continued depreciation of certain currencies:
Slide 15: North America
North America Reminder Q1 sales / €m 2017 2018 REPORTED LFL LFL 2017 North America 126 92 -26.7% -19.8% -12.4% ▪ As announced, a difficult first quarter USA High comps in 2017: launch of a range of Krups kitchen electrics in mass retail General business activity still impacted by structural diff
Slide 16: South America
South America Reminder Q1 sales / €m 2017 2018 REPORTED LFL LFL 2017 South America 78 69 -12.2% +4.3% +4.3% ▪ Continued depreciation of the real, the Colombian and Argentine pesos ▪ Confirmed improvement of the overall business trend Brazil In a mixed economic environment, slight growth in real, w
Slide 17: China
China Reminder Q1 sales / €m 2017 2018 REPORTED LFL LFL 2017 China 403 469 +16.3% +24.1% +12.5% ▪ Demand for small domestic equipment on the rise, essentially driven by e-commerce development ▪ Ongoing very robust momentum for Supor, on multi-year high comps Growth drivers: innovation / product dy
Slide 18: Other Asian countries
Other asian countries Reminder Q1 sales / €m 2017 2018 REPORTED LFL LFL 2017 Other asian countries 116 109 -5.8% +2.5% +3.1% ▪ Currency volatility in the region ▪ Revenue up in almost all countries Japan: moderate LFL growth nurtured by cookware; business softer in SDA (kettles and ironing) Sout
Slide 19: Outlook
OUTLOOK 2018 First-Quarter Sales and Financial Data 19
Slide 20: Outlook
Outlook ▪ Q1 not representative of the full year ▪ However, high-quality 1st quarter 2018 vs high comps Priorités ▪ Guidance 2018 Organic sales growth should exceed 5% At present FOREX rates, the Operating Result from Activity should increase by more than 5% versus the 2017 ORfA excluding one-of
Slide 21: Glossary
Glossary 2018 First-Quarter Sales and Financial Data 21
Slide 22: Glossary
Glossary On a like-for-like basis (LFL) – Organic The amounts and growth rates at constant exchange rates and consolidation scope in a given year compared with the previous year are calculated: using the average exchange rates of the previous year for the period in consideration (year, half-year,
Slide 23: Contact Us
CONTACT US Investor/Analyst relations Groupe SEB Financial Communication and Investor Relations Isabelle Posth Raphaël Hoffstetter iposth@groupeseb.com rhoffstetter@groupeseb.com Tel.: +33 (0) 4 72 18 16 40 comfin@groupeseb.com Media relations Image Sept Caroline Simon Claire Doligez Isabelle Dunoye