Slide 1: Q1 2020 Trading Update
Q1 2020 Trading Update May 6, 2020
Slide 2: Forward-looking statements
Forward-looking statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, Ontex’s future results of operations, financial conditi
Slide 3: Table of contents
Table of contents Highlights 04 Q1 2020 Financial review 07 Current prospects 15 Q&A 17 Appendix 18 Confidential 3
Slide 4: Q1 2020 Highlights
Q1 2020 Highlights Charles Bouaziz, CEO
Slide 5: Swift and decisive action to respond to Covid-19 impact
Swift and decisive action to respond to Covid-19 impact ✓ Rapid actions taken to safeguard employee health and communities… ✓ People: Health and safety of all Ontex colleagues is our paramount priority ✓ Communities: Donations of our products and in-demand safety equipment to support the communities
Slide 6: Q1 2020 highlights
Q1 2020 highlights LFL revenue and Adjusted EBITDA strongly ahead • Solid 6.8% growth in LFL revenue driven by volume growth across our three product categories, including strong surge from mid-March as customers and consumers stockpiled essential products • Adjusted EBITDA +48% at constant currenci
Slide 7: Q1 2020 Financial review
Q1 2020 Financial review Charles Desmartis, CFO
Slide 8: Q1 2020 financial highlights
Q1 2020 financial highlights Key financials Q1 2020 Group revenue: €574 million, up 6.8% LFL • Strong volume growth in retail channels drove higher revenue LFL revenue • Positive price/mix in all categories +6.8% • Reported revenue up 5.1% Adjusted EBITDA: €66 million; €78 million at constant curren
Slide 9: LFL revenue up nearly 7% thanks to strong volumes and higher price/mix
LFL revenue up nearly 7% thanks to strong volumes and higher price/mix Group revenue review Q1 2020 Sales bridge (€m) +5.1% reported • Q1 2020 LFL revenue: €583 million, +6.8% 6.8% LFL • Volume surge in March across Divisions, driven by increased shipments to support consumer stockpiling in +5.0 % +
Slide 10: Growth in all categories on higher demand
Growth in all categories on higher demand • Q1 2020 Babycare revenue: €328 million, +7.3% LFL LFL sales growth • Sales of Retailer brands in Europe and US and Ontex brands in developing markets well up Q1 2020 • Strong demand for both Baby diapers and Baby pants as % reported consumers ensured avail
Slide 11: Europe: Significant LFL revenue increase
Europe: Significant LFL revenue increase Outstanding execution allowed to serve March demand surge Europe (44% of Group revenue) • Q1 2020 LFL revenue: €252 million, +7.7% Revenue (€m) and evolution • All three categories posted higher sales with broad-based +7.0% reported growth across geographies
Slide 12: Americas, Middle East, Africa and Asia: Strong start to 2020
Americas, Middle East, Africa and Asia: Strong start to 2020 Revenue growth in all categories AMEAA (37% of Group revenue) • Q1 2020 LFL revenue: €221 million, +10.7% Revenue (€m) and evolution • Strong demand was further boosted by customer +7.0% reported inventory building in the Americas; less bu
Slide 13: Healthcare: Temporary revenue decrease on high comparable and contract suspension
Healthcare: Temporary revenue decrease on high comparable and contract suspension Lower volumes and broadly stable price/mix Healthcare (19% of Group revenue) • Q1 2020 LFL revenue: €111 million, -2.1% Revenue (€m) and evolution • Decrease explained by temporary suspension of a large -2.1% reported
Slide 14: Adjusted EBITDA margin: Meaningful increase driven by self-help actions
Adjusted EBITDA margin: Meaningful increase driven by self-help actions Q1 2020: €78m at constant currencies, margin at Q1 2020 Adjusted EBITDA margin bridge 13.4%, +370bps versus previous year -151 bps 13.4% • Solid traction from top-line growth (volume and 303 bps price/mix) -195 bps • Lower raw m
Slide 15: Current prospects for Q2 2020
Current prospects for Q2 2020 Charles Bouaziz, CEO
Slide 16: Current prospects for Q2 2020 and outlook
Current prospects for Q2 2020 and outlook • As a leading supplier of quality retail brand hygiene products, in particular in Europe, and as the operator of strong local brands in our other markets, we believe that we are well positioned to withstand the tougher economic environment ahead of us that
Slide 17: Q&A
Ontex~ tex Q&A
Slide 18: Appendix
Appendix
Slide 19: Alternative Performance Measures
Alternative Performance Measures The following alternative performance measures (non-GAAP) have been included in this presentation since management believes that they are widely used by certain investors, securities analysts and other interested parties as supplemental measures of performance and li
Slide 20: Thank you
Thank you