Societe Bic Sa · EURONEXT:BB
Societe Bic Sa — BIC — H1 2025 Earnings Presentation
26 slides from Societe Bic Sa's earnings presentation, Jul 31, 2025
Slide 1: BIC H1 2025 Results Presentation
BIC H1 2025 Results Presentation July 31, 2025
Slide 2: Disclaimer
Disclaimer This document contains forward-looking statements. Although BIC believes its estimates are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. A description of the risks borne by BIC appears in section “Risk Factors and Management” of BIC’s 2
Slide 3: Key Takeaways
H1 2025 Key Takeaways Gonzalve Bich Chief Executive Officer 3
Slide 4: Q2 and H1 2025 Key Takeaways
Q2 and H1 2025 Key Takeaways • Return to net sales growth in Q2 driven by all divisions and geographies, at +1.4% at constant currencies, improving by 8.4 points compared to Q1 o H1 net sales down 2.4% at constant currencies • Strong sequential improvement in Flame for Life, almost flat in Q2 at -0.
Slide 5: Operational and Consolidated Results
H1 2025 Operational and Consolidated Results Chris Dayton Interim Chief Financial Officer 5
Slide 6: H1 2025 Key Financial Figures
H1 2025 Key Financial Figures Net Adjusted Adjusted Free Cash Sales EBIT3 EPS3 Flow4 Q2 €598m 2025 €147m €2.35 €(14)m +1.4% at CC1 (2.7) % at CB2 13.7% €21m H1 versus €2.95 2025 €1,077m Adjusted in H1 2024 Net Cash Position5 EBIT Margin (2.4) % at CC1 (6.4) % at CB2 1 On a constant currency basis 4
Slide 7: H1 2025 Division Performance Snapshot
H1 2025 Division Performance Snapshot Human Expression Flame For Life Blade Excellence €406m €45m €354m €101m €302m €45m Net Sales aEBIT2 Net Sales aEBIT2 Net Sales aEBIT2 (7.8) %1 11.0% (8.6) %1 28.6% +15.6%1 14.7% Improvement in the Continued Significant improvement Distribution gains in Robust pe
Slide 8: Q2 and H1 Net Sales Evolution
Q2 and H1 Net Sales Evolution in million euros Change at constant currencies: +1.4% 618 17 25 28 598 (2.7) pts +4.1 pts (4.5) pts Q2 2025 Q2 2024 Net Sales Change on a comparative Perimeter FX impact Q2 2025 Net Sales as reported basis impact as reported Change at constant currencies: (2.4) % 1,139
Slide 9: H1 Adjusted EBIT Margin Evolution
1 H1 Adjusted EBIT Margin Evolution 14.9% 13.7% (1.0) pts +0.3 pts (0.5) pts H1 2024 Gross Profit 2 Brand Support Operating and H1 2025 Adjusted EBIT Other Expenses 3 Adjusted EBIT margin margin 1 See glossary in appendix 2 Excluding Tangle Teezer inventory fair value adjustment in 2025. Excluding s
Slide 10: H1 2025 Profit & Loss Account
H1 2025 Profit & Loss Account in million euros H1 2024 H1 2025 Adjusted EBIT1 170 147 H1 2025 non-recurring items: Tangle Teezer inventory fair value adjustment (€6m) Non-recurring items (15) (25) and Rocketbook impairment (€19m) EBIT 155 122 H1 2025 finance costs mainly due to Finance revenue (cost
Slide 11: Working Capital
Working Capital in million euros 25 37 Receivables in Days1 5 9 669 67 70 72 Jun-23 Jun-24 Jun-25 556 153 18 Inventory in Days2 182 176 174 Dec-24 Net Inventory Trade Trade Other Investing FX Jun-25 Jun-23 Jun-24 Jun-25 & other & other receivables Activites & others Receivables Payables and payables
Slide 12: H1 2025 Net Cash Position
H1 2025 Net Cash Position in million euros 179 199 189 34 Net Cash from Operating Activities: €20m 127 Free Cash Flow: €(14)m 13 21 14 December 2024 Operating Change in working CAPEX Dividend Share Others June 2025 Net Cash Position cash flow capital and others1 paid buyback Net Cash Position 1 Incl
Slide 13: 2025 Outlook
2025 Outlook Gonzalve Bich Chief Executive Officer 13
Slide 14: 2025 Outlook confirmed
2025 Outlook confirmed1 Full Year Net Free Cash Flow Sales expected to Adjusted EBIT expected to be grow between margin expected to above €240 +0% and +3% at be around 15.0% million constant currency 1 This outlook excludes possible impacts from the fluid trading environment, particularly from US ta
Slide 15: Appendix
Appendix 15
Slide 16: H1 2025 Net Sales Breakdown
H1 2025 Net Sales Breakdown By Division By Geography Human Expression 38% 36% 37% North America Europe Flame for Life 33% Blade Excellence 28% 17% Latin America 7% Middle 3% East & Africa Asia & Other Oceania products 1% 16
Slide 17: H1 2025 Net Sales Main Exchange Rate Evolution vs Euro
H1 2025 Net Sales Main Exchange Rate Evolution vs Euro Average rates % of net sales % change H1 2024 H1 2025 US Dollar 36% 1.08 1.09 (1.0) % Brazilian Real 8% 5.50 6.29 (12.6) % Mexican Peso 5% 18.52 21.80 (15.1) % Canadian Dollar 3% 1.47 1.54 (4.6) % 1 Argentine Peso 1% 975.76 1,389.26 (29.8) % Ind
Slide 18: Group Figures
Group Figures in million euros Q1 23 Q2 23 H1 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 H1 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 H1 25 Net Sales 539 638 1,177 560 526 2,263 522 618 1,139 540 517 2,197 478 598 1,077 YoY change as reported +4.5% +4.4% +4.4% (3.4) % (0.1) % +1.3% (3.2) % (3.2) % (3.2) % (3.7) % (1.6
Slide 19: Group Quarterly Figures by Geography
Group Quarterly Figures by Geography in million euros Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 Europe Net Sales 152 202 171 141 666 160 212 175 150 698 168 226 YoY change as reported +6.1% +9.3% +0.6% +1.6% +4.6% +5.8% +5.0% +2.6% +6.0% +4.8% +4.7% +6.6% YoY change on
Slide 20: Human Expression Quarterly Figures
Human Expression Quarterly Figures in million euros Q1 23 Q2 23 H1 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 H1 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 H1 25 Net Sales 177 283 460 215 171 846 174 279 453 200 162 814 153 253 406 YoY change as reported +5.4% +4.9% +5.1% (4.7) % (2.7) % +0.8% (2.0) % (1.5) % (1.7) % (
Slide 21: Flame For Life
Flame For Life in million euros Q1 23 Q2 23 H1 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 H1 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 H1 25 Net Sales 228 206 434 200 217 852 207 195 402 192 216 810 172 183 354 YoY change as reported +0.9% (1.8) % (0.4) % (7.3) % (1.1) % (2.3) % (9.4) % (5.2) % (7.4) % (4.3) % (0.5) %
Slide 22: Blade Excellence
Blade Excellence in million euros Q1 23 Q2 23 H1 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 H1 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 H1 25 Net Sales 125 144 268 139 129 537 132 139 271 142 130 543 145 157 302 YoY change as reported +9.9% +13.3% +11.7% +4.9% +4.4% +8.0% +6.2% (3.6) % +1.0% +2.1% +0.6% +1.2% +9.4% +
Slide 23: Other Products
Other Products in million euros Q1 23 Q2 23 H1 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 H1 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 H1 25 Net Sales 8 6 14 6 9 29 8 5 14 7 9 30 9 5 14 YoY change as reported +6.8% +13.2% +9.4% +2.9% +14.6% +9.3% +2.3% (6.0) % (1.2) % +0.5% +9.1% +2.2% +4.6% (0.9) % +2.4% YoY change o
Slide 24: Unallocated Costs
Unallocated Costs in million euros H1 23 FY 23 H1 24 FY 24 H1 25 EBIT (42) (85) (44) (85) (42) Adjusted EBIT1 (42) (85) (45) (85) (43) 1 See glossary in appendix 24
Slide 25: Capital and Voting Rights
Capital and Voting Rights As of June 30, 2025, the total number of issued shares of Société BIC is 41,621,162 shares, representing: • 58,342,007 voting rights • 57,941,174 voting rights excluding shares without voting rights Total number of treasury shares held at the end of June 2025: 400,833 25
Slide 26: Glossary
Glossary • Adjusted: Adjusted means excluding non-recurring items. • Comparative basis: Change at constant currencies and constant perimeter. • Constant currency basis: Change at constant currency figures are calculated by translating the current year figures at prior year average exchange rates. •