Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Grupa Forte — Q3 2015 Earnings Presentation
15 slides from Grupa Forte Spolka's earnings presentation, Nov 17, 2015
Slide 1: Financial Results for the First 3 Quarters 2015
E Financial Results for the First 3 Quarters 2015 Warsaw, November 17, 2015
Slide 2: 2,5 m pieces of furniture sold
2,5 m pieces of furniture sold ; Turnover 671 m PLN - 13 % more than in the same period of 2014 _ Net profit margin: 9% _ | Plan for the further development of the production capacity until 2021 confirmed by the Supervisory Board — FABRYKI MEBLI nFORTE” S.A.
Slide 3: Turnover I-III Q
Turnover I-II1.Q 000 PLN 9,4% 83% 9,0% 6,0% 469 887 ; 591 964; 670 850; 400 670 +17% +26% +13% 2012 2013 2014 2015 FABRYK! MEBLI l@® Revenue from sales —= Net profit margin nFORTE” S.A.
Slide 4: Net Profit I-III Q
Net Profit | - III Q 000 PLN 39 128; 24 133 +62% 55 683; 60 460; +42% +9% 2012 2013 2014 2015 @ Net Profit FABRYKI MEBLI nFORTE” S.A.
Slide 5: Income statement III Q 2015
Forte 1 000 PLN III Q2013 III Q 2014 '14/'13 III Q 2015 15/14 Revenue from sales 166 540 189 172 13,6% 224 158 18,5% Gross profit on sales 59 658 64 713 8,5% 79 861 23,4% Gross margin 35,8% 34,2% -1,6% 35,6% 1,4% Sales costs 33 536 37 531 11,9% 47 576 26,8% Result on sales 26 122 27 182 4,1% 32 285
Slide 6: Income statement I-III Q 2015
Forte 1 000 PLN I - III Q 2013 I - III Q 2014 '14/'13 I - III Q 2015 '15/'14 Revenue from sales 469 887 591 964 26,0% 670 850 13,3% Gross profit on sales 166 026 213 551 28,6% 239 260 12,0% Gross margin 35,3% 36,1% 0,7% 35,7% -0,4% Sales costs 93 784 118 364 26,2% 141 682 19,7% Result on sales 72 24
Slide 7: Financial Position
FABRYKI MEBLI nFORTE” S.A. Financial Position 2012 2013 2014 3Q2015 Current Ratio 2,66 3,21 3,17 2,63 Quick Ratio 1,52 2 1,85 1,49 Debt ratio 0,28 0,31 0,34 0,33 13,4% 0, 0, 0, ROE 10,00% 15,10% 17,80% 18,3% year
Slide 8: Sales by region
German - speaking Europe Western Europe Poland Central and Eastern Europe 17% (+2%) 19% (+2%) 56% (-4%) 9%
Slide 9: Sales growth by market
German-speaking Europe + 60% + 7% France + 15% + 20% + 339% + 1504% 2012 2013 2014 2015 2012 2013 2014 2015 Poland + 17% + 11% Spain and Portugal + 92% + 14% + 90% - 1% 2012 2013 2014 2015 2012 2013 2014 2015
Slide 10: New FORTE Exhibition Hall in Germany
New FORTE Exhibition Hall in Germany Location: Bad Salzuflen, North Rhine-Westphalia, Germany Total exhibition space: 3.500 m2 Planned time for opening: September 2016 FABRYK! MEBLI Investment cost: 13 mln PLN FORTE” S.A.
Slide 11: The FORTE Academy
The FORTE Academy - program to further develop the competencies of employees > Dedicated Training Program launched in cooperation with the Business School of the Warsaw University of Technology: * Development program for all senior staff, ¢ Individual MBA programs for middle management and aspiuia s
Slide 12: Development Plan until 2021
Development Plan until 2021 v Increase of FORTE’s turnover to about 400 m EUR VY Increase of the yearly production capacity to 6,5 m pieces of furniture v Ensure the availability of the key raw material to satisfy FORTE’s increasing demand by constructing an own chipboard plant v Further increase of
Slide 13: Development of the FORTE share price
Development of the FORTE share price against WIG4O - 2 year time span FTE +66% MWIG40 + 4% 54 PLN | FABRYKI MEBLI 28-08-13 03-01-14 08-05-14 08-09-14 14-01-15 18-05-15 »FORTE”S.A. 13
Slide 14: Financial calendar 2016
FABRYKI MEBLI nFORTE” S.A. 18 March 2016 13May2016 | 31 August 2016 | 15 November 2016 | 14
Slide 15: www.forte.com.pl
E www forte.com.pl FABRYKI MEBLI ,FORTE” S.A.