Hornbach Holding Ag & Co. Kgaa · XETR:HBH

Hornbach Holding Ag & Co. Kgaa — Hornbach Hldg — Q1 2023/24 Earnings Presentation

15 slides from Hornbach Holding Ag & Co. Kgaa's earnings presentation, Jun 23, 2023

  1. Slide 1: Update Call Q1 2023/24

    Update Call Q1 2023/24 HORNBACH Holding AG & Co. KGaA Karin Dohm (CFO) June 23, 2023, 8:30 a.m. CEST Page 1 Update Call Q1 2023/24 | June 23, 2023 ©HORNBACH Group 2023 23062023

  2. 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

  3. Slide 3: Spring quarter impacted by adverse weather conditions – FY outlook confirmed

    HORNBACH Group: Q1 2023/24 Financial Update Spring quarter impacted by adverse weather conditions – FY outlook confirmed Quarterly sales only slightly down in Q1 despite strong headwinds in March and April ▪ Q1 2023/24 net sales below previous year‘s record level: -2.2% to € 1,773.5m ▪ HORNBACH Baum

  4. Slide 4: Net sales in Q1 2023/24 slightly below previous year's record level

    Consolidated net sales in € million Net sales in Q1 2023/24 slightly below previous year‘s record level Q1 net sales (Mar 1 – May 31) HORNBACH Baustoff Union ▪ Net sales HORNBACH Baumarkt HORNBACH Baumarkt AG +8% -2% subgroup -2.2% +6% +18% 1,813 1,773 ▪ Germany: -5.2% 1,678 108 105 ▪ Other Europe:

  5. Slide 5: Like-for-like sales slightly down against strong previous quarter

    HORNBACH Baumarkt: Like-for-like sales growth in % Like-for-like sales slightly down against strong previous quarter ▪ Demand impacted by unfavorable weather Like-for-like sales growth1) per quarter and financial year in % conditions at the start of the main DIY and Q1 2022/23 Q2 2022/23 Q3 2022/23

  6. Slide 6: HORNBACH Baumarkt: Gaining further market share

    Market share Jan – Apr 2023 in % HORNBACH Baumarkt: Gaining further market share Large DIY stores > 1,000 sqm ▪ HORNBACH continued to gain market share (GfK) in Market share of HORNBACH Baumarkt January – April 2023 in % (GfK) several countries between January and April 2023 ▪ Market share in German

  7. Slide 7: E-commerce share remains above pre-Covid levels – direct delivery established

    HORNBACH Baumarkt: Net sales in € million from online channels E-commerce share remains above pre-Covid levels – direct delivery established ▪ E-commerce share of HORNBACH 9.7% 14.7% 23.9% 15.3% 13.3% E-commerce share Baumarkt sales (incl. Click & Collect) at 13.3% in Q1 2023/24 Click & Collect Dire

  8. Slide 8: Cost structure impacted by inflationary pressures

    Cost structure in % of net sales and gross margin Cost structure impacted by inflationary pressures ▪ Gross margin lower amid a 36.2% 35.9% 35.5% challenging market environment 34.2% 33.6% ▪ Selling and store expenses 29.3% Gross margin in % of sales increase due to higher 27.6% 4.3% 25.7% 26.2% Cos

  9. Slide 9: Adjusted EBIT below previous year due to lower top line and cost pressures

    Adjusted EBIT1) in € million and adjusted EBIT margin in % Adjusted EBIT below previous year due to lower top line and cost pressures ▪ Adjusted EBIT on Group level down 26% in Adjusted EBIT and adjusted EBIT margin Q1: Q1 2023/24 vs. previous year 7.2% 11.0% 10.1% 8.2% 6.2% ▪ Non-operating income f

  10. Slide 10: Funds from operations remain on a solid level

    Q1 cash flow in € million Funds from operations remain on a solid level Q1 2022/23 Q1 2023/24 ▪ Decline in operating cashflow mainly related to planned reduction of short-term liabilities Cash flow from operating activities 175.6 30.6 (working capital) of which: funds from operations 164.4 129.1 ▪ F

  11. Slide 11: Strong balance sheet structure

    Balance sheet in € million Strong balance sheet structure Assets Equity & Liabilities ▪ Successful reduction of 4,726 4,591 4,726 4,591 inventories by € 71m 437 369 Liquid funds ▪ Decrease in liabilities 1,366 1,182 Current liabilities Inventories. (long- and short term) 1,571 accounts receivable 1,

  12. Slide 12: Outlook for FY 2023/24 – FY Guidance as of May 16, 2023 confirmed

    Guidance and store openings Outlook for FY 2023/24 – FY Guidance as of May 16, 2023 confirmed HORNBACH Baumarkt: Store openings in 2023/24 Net sales 2023/24 At about the level of 2022/23 Net sales 2022/23 € 6,263m Group adj. EBIT difficult to guide in light of Adjusted EBIT 2023/24 the challenging e

  13. Slide 13: Q&A

    Q&A Page 13 Update Call Q1 2023/24 | June 23, 2023 ©HORNBACH Group 2023

  14. Slide 14: Upcoming events & contact

    Upcoming events & contact Financial Calendar Investor Relations contact July 7, 2023 Annual General Meeting HORNBACH Holding AG & Co. KGaA Antje Kelbert September 4, 2023 German Fall Conference (Equity Forum), Frankfurt (+49) 0 63 48 / 60 – 2444 antje.kelbert@hornbach.com September 5, 2023 ODDO BHF

  15. Slide 15: Page 15 Update Call Q1 2023/24 | June 23, 2023 ©HORNBACH Group 2023

    Page 15 Update Call Q1 2023/24 | June 23, 2023 ©HORNBACH Group 2023

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