Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Balta Group — Q3 2019 Earnings Presentation
9 slides from Belysse Group NV's earnings presentation, 2019
Slide 1: Q3 2019
Q3 2019 Confidential
Slide 2: Disclaimer
Disclaimer In considering any performance information contained herein, you should bear in mind that past or projected performance is not necessarily indicative of future results, and there can be no assurance that any entity referenced herein will achieve comparable results or that illustrative ret
Slide 3: Q3 2019 Financial Summary
Q3 2019 Financial Summary +1.7% organic • Q3 2019 Consolidated Revenue of €155.6m (YTD €507.0m, +7.2%) +3.0% • Solid growth in Commercial (+7.1%), Rugs slightly up (+0.4%), yoy sales growth Residential stable year-on-year (consolidated) +1.3% FX impact • Q3 2019 Consolidated Adjusted EBITDA of €17.3
Slide 4: NEXT: Three Year Earnings Enhancement Program
NEXT: Three Year Earnings Enhancement Program Various growth & cost saving initiatives identified under Strategic and Operational review 1 • Channel: e-commerce opportunity US & Europe Rugs • Product offering: continued optimization Delivering • US: market share office segment, increased efforts Sus
Slide 5: Group Q3 2019 Revenue Performance
Group Q3 2019 Revenue Performance €m Q3 Growth Q3 Growth 0.5 155.6 3.9 0.0 (€m) (%) Organic +€2.6m +1.7% 151.0 0.2 FX +€2.0m +1.3% +0.4% +7.1% 0.0% +8.8% Impact Reported +€4.6m +3.0% Reported Revenue Rugs Commercial Residential Non- Reported revenue Q3 2018 Woven Q3 2019 UK/European market environme
Slide 6: Group Q3 2019 Adjusted EBITDA and Margins
Group Q3 2019 Adjusted EBITDA and Margins Adj. EBITDA margin (%) Reported Q3 €m Lfl(1) Q3 2018 % Change Lfl(1) 11.3% 12.3% 11.1% 2019 €m 1.5 18.6 (1.7) Rugs 6.3 2.6 -58.2% 17.1 0.4 17.3 -9.1% +2.1% Commercial 9.1 10.5 +15.5% Lfl(1) -7.0% Residential 2.5 3.5 +39.0% Non-Woven 0.7 0.6 -9.5% Consolidate
Slide 7: Leverage of 3.9x (Net Debt of €319.6m) stable vs. a year ago
Leverage(1) of 3.9x (Net Debt of €319.6m) stable vs. a year ago Acquisition of €m Bentley 400 8.0x 385 Post deleveraging 350 using primary IPO net 320 proceeds 312 306 300 42.2 6.0x 43.2 277 42.1 272 268 264 262 277 257 254 269 264 250 200 4.0x 3.9x 3.9x 3.9x 3.8x 3.7x 3.6x 3.6x 3.3x 150 2.9x 2.9x 2
Slide 8: Outlook reaffirmed
Outlook reaffirmed Excluding the impact of IFRS16 • Expect Adjusted EBITDA broadly flat versus the prior year • Capex below €40m • Interest flat versus the prior year • Effective Tax Rate between 25 – 27% 8
Slide 9: Q&A Session
Q&A Session 9