Seb Sa · EURONEXT:SK
Seb Sa — Groupe SEB — FY2018 Earnings Presentation
24 slides from Seb Sa's earnings presentation, Jan 23, 2019
Slide 1: Provisional 2018 Sales and Financial Data
PROVISIONAL 2018 SALES AND FINANCIAL DATA 23 January 2019
Slide 2: Disclaimer
PROVISIONAL 2018 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 assumptio
Slide 3: Figures, Business review by geography, Outlook, Appendix
PROVISIONAL 2018 SALES AND FINANCIAL DATA 1 Figures 2 Business review by geography 3 Outlook 4 Appendix Provisional 2018 Sales and Financial Data 3
Slide 4: Figures
FIGURES Provisional 2018 Sales and Financial Data 4
Slide 5: Key figures at December 2018
Key figures at 31 December 2018 Annual Sales Q4 Sales €6,812m €2,184m +5.1% +7.8% LFL* +7.8% +8.4% LFL* Of which Consumer Of which Professional Of which Consumer Of which Professional €6,177m €635m €2,008m €176m +4.3% +7.2% LFL* +12.8% +14.3% LFL* +6.3% +7.0% LFL* +29.6% +27.4% LFL* * Like-for-like:
Slide 6: 2018 revenue by region
2018 revenue by region As In €m 2017 2018 LFL reported EMEA 3,170 3,223 +1.7% +3.3% Western Europe 2,424 2,430 +0.2% +0.4% Other countries 746 793 +6.4% +12.5% AMERICAS 946 887 -6.3% +0.4% North America 579 547 -5.5% -4.4% South America 367 340* -7.4% +8.2% ASIA 1,806 2,067 +14.5% +17.6% China 1,286
Slide 7: Q4 revenue by region
Q4 revenue by region As In €m Q4 2017 Q4 2018 LFL* reported EMEA 1,137 1,171 +3.0% +3.0% Western Europe 901 894 -0.8% -0.7% Other countries 236 277 +17.3% +17.2% AMERICAS 292 314 +7.8% +12.1% North America 184 190 +3.7% +0.1% South America 108 124* +14.8% +32.4% ASIA 461 523 +13.5% +13.9% China 313
Slide 8: Organic sales growth in sales, by quarter
Organic sales growth in sales, by quarter Full-year In % 2016 2017 2018 +6.1% +9.2% +7.8% 12 11.5 10 8.8 8.6 8.4 8 7.3 7.8 8.4 7.4 6 6.9 6.5 6.0 5.1 4 2016 2 2017 2018 0 Q1 Q2 Q3 Q4 Provisional 2018 Sales and Financial Data 8
Slide 9: Analysis of revenue growth
Analysis of revenue growth In €m +505 -211 +33 6,812 6,485 Organic Currency Other growth effect +7.8% -3.2% +0.5% +5.1% 2017 2018 Provisional 2018 Sales and Financial Data 9
Slide 10: Currency impact on 2018 revenue
Currency impact on 2018 revenue In €m 0 -5 -10 -15 -20 -25 -€211m -30 Q1: -€86m -35 Q2: -€54m -40 Q3: -€38m Q4: -€33m -45 -50 COP CHF JPY ARS RUB TRY BRL CNY MXN USD OTHER Provisional 2018 Sales and Financial Data 10
Slide 11: Top-20 Countries 2018 revenue growth, LFL
Top-20 Countries 2018 revenue growth, LFL TOP 10 COUNTRIES CHINA JAPAN Poland GERMANY SPAIN Colombia Turkey BRAZIL RUSSIA SOUTH KOREA Mexico Switzerland ITALY Netherlands Belgium UNITED STATES FRANCE Austria United Kingdom Canada Consumer, excl. Professional business Provisional 2018 Sales and Finan
Slide 12: Professional
Professional Reminder 2017 2018 REPORTED LFL 2017 Full-year 563 635 +12.8% +14.3% +12.7% Q4 136 176 +29.6% +27.4% flat ▪ Outstanding business in Professional Coffee Machines in 2018 Strong acceleration in H2, stemming from big deals delivered as from Q2 Sustained growth in core business ▪ Sales
Slide 13: Business review by geography
BUSINESS REVIEW BY GEOGRAPHY Provisional 2018 Sales and Financial Data 13
Slide 14: Western Europe
Western Europe Reminder Western Europe 2017 2018 REPORTED LFL LFL 2017 Full-year 2,424 2,430 +0.2% +0.4% +5.8% Q4 901 894 -0.8% -0.7% +8.1% ▪ European SDA market growing more moderately than in previous years ▪ Group revenue penalized by less LPs than in 2017 ▪ France: sales -3.4% for the full year,
Slide 15: Other EMEA countries
Other EMEA countries Reminder Other EMEA countries 2017 2018 REPORTED LFL LFL 2017 Full-year 746 793 +6.4% +12.5% +12.6% Q4 236 277 +17.3% +17.2% +7.4% ▪ Overall robust sales growth Market share gains for Groupe SEB FX headwinds offset by price increases (Central Europe, Russia, Turkey…) ▪ Growt
Slide 16: North America
North America Reminder North America 2017 2018 REPORTED LFL LFL 2017 Full-year 579 547 -5.5% -4.4% +3,8% Q4 184 190 +3.7% +0.1% +4.2% ▪ Contrasted performance in 2018, both timewise and countrywise Positive H2 failing to offset strongly negative H1 performance ▪ Heterogeneous situations, countrywi
Slide 17: South America
South America Reminder South America 2017 2018 REPORTED LFL LFL 2017 Full-year 367 340 -7.4% +8.2% +2.0% Q4 108 124 +14.8% +32,4% +3.9% ▪ Very strong revenue growth in Q4, due to non-recurrent item Recognition of a tax receivable (PIS-COFINS) in Brazil for €32m. Excl. non-recurrent item, Q4 sale
Slide 18: China
China Reminder China 2017 2018 REPORTED LFL LFL 2017 Full-year 1,286 1,554 +20.9% +24.3% +21.0% Q4 313 362 +15.6% +17.1% +19.4% ▪ Vigorous growth, all year through: Supor outperforming the market Key drivers: innovation, extended product offering, marketing and advertising investments, efficient e
Slide 19: Other Asian countries
Other Asian countries Reminder Other asian countries 2017 2018 REPORTED LFL LFL 2017 Full-year 520 513 -1.2% +0.9% +1.6% Q4 148 161 +9,1% +7,0% -0.5% ▪ Higher Q4 sales thanks to successful champion products, enriched product offering and opening of new proprietary stores in the region Full-year LF
Slide 20: Outlook
OUTLOOK Provisional 2018 Sales and Financial Data 20
Slide 21: Outlook
Outlook Priorités Actual 2018 LFL provisional sales growth: 7.8% Generally confirmed target of around 3% growth in Operating Result from Activity vs 2017 inspite of tougher market conditions Confirmed target of a net debt/adjusted EBITDA ratio < 2 at end-2018 Provisional 2018 Sales and Financial Dat
Slide 22: Glossary
Glossary Provisional 2018 Sales and Financial Data 22
Slide 23: 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 24: 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 Upcoming events Claire Doligez