Hornbach Holding Ag & Co. Kgaa · XETR:HBH
Hornbach Holding Ag & Co. Kgaa — Hornbach Hldg — Q1 2025 Earnings Presentation
15 slides from Hornbach Holding Ag & Co. Kgaa's earnings presentation, Jun 25, 2024
Slide 1: Update Call Q1 2024/25
Update Call Q1 2024/25 HORNBACH Holding AG & Co. KGaA Karin Dohm (CFO) June 25, 2024, 8:30 a.m. CEST Page 1 Investor Presentation | June 2024 ©HORNBACH Group 2024 20240625
Slide 2: Disclaimer
Disclaimer This document has been prepared by HORNBACH Holding AG & Co. KGaA (the “Company”, and together with its consolidated subsidiaries, the “HORNBACH Group”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation, including any oral presentati
Slide 3: Earnings significantly improved vs previous year – FY outlook confirmed
HORNBACH Group: Q1/3M 2024/25 – Financial Update Earnings significantly improved vs previous year – FY outlook confirmed Earnings significantly increased due to gross margin improvement and successful cost management ▪ Q1 2024/25 adj. EBIT at € 146.4m (+33.8%) ▪ Gross margin rose to 35.4% from 33.6%
Slide 4: Net sales in Q1 2024/25 increase by 1.8% driven by HORNBACH Baumarkt
Consolidated net sales in € million Net sales in Q1 2024/25 increase by 1.8% driven by HORNBACH Baumarkt Q1 net sales (Mar 1 – May 31) ▪ HORNBACH Baumarkt subgroup: +2.6% ▪ Germany: +2.8%; Other Europe: +2.4% HORNBACH Baustoff Union HORNBACH Baumarkt AG ▪ HORNBACH Baustoff subgroup: -9.2% +8,0% -2,2
Slide 5: Like-for-like sales slightly increased in most countries
HORNBACH Baumarkt: Like-for-like sales growth in % Like-for-like sales slightly increased in most countries ▪ Demand benefitted from better weather Like-for-like sales growth1) per quarter and financial year in % conditions in March and April in most Q1 2023/24 Q2 2023/24 Q3 2023/24 Q4 2023/24 FY 20
Slide 6: HORNBACH Baumarkt – Stable market share development
Market share YTD: Jan – Apr 2024 in % HORNBACH Baumarkt – Stable market share development Market share 2024 year-to-date in key countries ▪ HORNBACH has a clear focus on growing its market Market share of HORNBACH Baumarkt January – April 2024 in % (GfK) share (GfK) in a highly competitive environme
Slide 7: E-commerce share remains well above pre-Covid levels
HORNBACH Baumarkt: Net sales in € million from online channels E-commerce share remains well above pre-Covid levels E-Commerce share of net sales: ▪ E-commerce share of HORNBACH Baumarkt 9.7% 13.3% 12.4% sales (incl. Click & Collect) of 12.4% in Q1 2024/25 ▪ Direct delivery and Click & Collect are e
Slide 8: Gross margin significantly up from last quarter – cost structure further improved
Cost structure and gross profit in Mio. € and in % of net sales Gross margin significantly up from last quarter – cost structure further improved ▪ Gross margin improved significantly to +7.2% 35.4% reflecting more favorable commodity prices and stronger product mix – gross +1.2% profit up by 7.2% G
Slide 9: Adjusted EBIT substantially increased by 34%
Adjusted EBIT1) in € million and adjusted EBIT margin in % Adjusted EBIT substantially increased by 34% ▪ Group adjusted EBIT significantly Adjusted EBIT and adjusted EBIT margin Q1: increased due to improved gross profit 6.2% 8.1% (+7.2%) and cost discipline ▪ No adjustments in Q1 2024/25 Q3 48 Q2
Slide 10: Free cash flow reflects successful Q1 2024/25 spring season
Cash flow in € million Free cash flow reflects successful Q1 2024/25 spring season Q1 2023/24 Q1 2024/25 ▪ Change in working capital predominantly reflects planned reduction of short-term Cash flow from operating activities 30.6 58.3 liabilities of which: change in working capital -98.5 -100.6 ▪ CAP
Slide 11: Strong balance sheet structure
Balance sheet in € million Strong balance sheet structure Assets Equity & Liabilities ▪ Inventories stabilized on lower 4,477 4,497 4,477 4,497 level after successful inventory 370 369 Liquid funds reductions in 2023/24 1,061 1,001 Current liabilities Inventories. ▪ Financial debt on the same level
Slide 12: Pursuing long-term opportunities while navigating current challenges
Strategic focus Pursuing long-term opportunities while navigating current challenges ▪ Further improve efficiency by actively managing costs and inventory ▪ Sustain price leadership and remain a reliable partner to our customers ▪ Continue to invest in our ICR strategy and the digitalization of our
Slide 13: Q&A
Q&A Page 13 Investor Presentation | June 2024 ©HORNBACH Group 2024
Slide 14: Upcoming events & IR contact
Upcoming events & IR contact Financial Calendar Investor Relations Contact Antje Kelbert (+49) 0 63 48 / 60-2444 June 26, 2024 Rothschild Roadshow, Frankfurt antje.kelbert@hornbach.com July 5, 2024 Annual General Meeting, Landau (Palatinate) Anne Spies September 2, 2024 German Fall Conference (Equit
Slide 15: Page 15 Investor Presentation | June 2024 ©HORNBACH Group 2024
Page 15 Investor Presentation | June 2024 ©HORNBACH Group 2024