Naturhouse Health Sa · BME:NTH
Naturhouse Health Sa — H1 2020 Earnings Presentation
18 slides from Naturhouse Health Sa's earnings presentation, Sep 28, 2020
Slide 1: 1H 2020 Results
1H 2020 Results September 28th 2020
Slide 2: Disclaimer
Disclaimer This document has been prepared by NATURHOUSE HEALTH S.A. (“NATURHOUSE” or the “Company”) for its exclusive use during the presentations announcing the Company’s results of 3Q19. NATURHOUSE does not authorise its dissemination, publication or use by any other person, whether physical or l
Slide 3: Index
Index Main Figures Consolidated Profit & Loss Account Quarterly Evolution Sales and EBITDA by Country Naturhouse Centres Net Cash & Dividends Consolidated Balance Sheet Strategy & Outlook Price Sensitive Information Notes for the Period 3
Slide 4: Main Figures
Main Figures Naturhouse keeps generating profits and cash despite COVID-19 crisis impact Naturhouse is prepared to fase the economic impact of the pandemic thanks to its solid Balance Sheet and excellent Cash Position (€ 12.8 mn of Net Cash Position**) Implementation of the ONLINE channel in the mai
Slide 5: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Implementation of actions to mitigate the economic and financial impact of COVID-19; 2Q20 2Q20 Variation Significant reduction of the operating Total Sales 46.120 28.223 -17.897 and general costs from the second half of March. Procurements -13.516 -8.152 5.364
Slide 6: Quarterly Evolution
Quarterly Evolution Quarter market by COVID-19 Health Crisis Apli’s month is market by the closure of all our centers in the our main three markets In May, with the reopening of Naturhouse centers, we see an upward recovery in sales and therefore EBITDA SALES EBITDA Mar.19 Mar.20 var % Mar.19 Mar.20
Slide 7: Sales & EBITDA by Country
Sales & EBITDA by Country Sales according to country 2Q20 2Q20 % Turnover at the end of 2Q 2020 stands at €28.22m. France 18.265 10.553 -42,2% The decrease in the total sales figure, is consequence of the COVID-19 crisis, affecting our four main Spain 9.710 5.719 -41,1% markets since mid-March.
Slide 8: Naturhouse Centres
Naturhouse Centres 2,010 centres in 28 countries -178 net closes in 1H 2020 as part of the company’s business optimisation plan to improve the average revenue per store Total centres +81 -77 +156 -95 -178 +169 Net openings: 2.279 2.360 2.283 2.188 2.123 2.010 1.954 -106 franchises mainly due to the
Slide 9: Net Cash Position & Dividends
Net Cash Position & Dividends Naturhouse maintains a solid financial position and an attractive shareholder remuneration policy Net cash position (1) Dividends 15.087 14.940 (*) 25.675 12.814 12.804 22.800 10.880 20.400 (*) 16.950 6.559 15.000 14.050 5.191 5.372 11.600 -114 0 2013 2014 2015 2016 2.0
Slide 10: Balance Sheet
Balance Sheet 2019 2Q20 Intangible assets 1.296 1.268 Property, plant & equipment 9.618 6.772 Property, plant and equipment has been Non current financial assets 828 808 reduced due to Naturhouse strategy of closing Investment in associated companies 3.152 3.165 some of its direct operating stores
Slide 11: Strategy and Outlook
Strategy and Outlook We are focusing on growth, discipline in terms of our spending and the goal of maintaining our leading position in the Spanish Stock Exchange in terms of our dividend policy Strategy After the experience in the development of the digital business in the British and North Ameri
Slide 12: Material Facts for the period
Material Facts for the period Material facts for the period January 31, 2020: Annulment of the Liquidity Contract with Renta 4 and third Quarter Liquidity Contract balance and movements February 28, 2020: 2019 Final Ordinary Dividend February 28, 2020: Annual Corporate Governance Report Febr
Slide 13: Contact
CONTACT Hugo Campillo Pinazo CFO Tel: +34 914323953 Email: accionista@naturhouse.com 13
Slide 14: Company performance in view of the impact of Covid-19
Company performance in view of the impact of Covid-19 The exceptional measures adopted in mid-March by the countries of the European Union to deal with the spread of Covid-19 caused demand in the sector to fall sharply in the months of March and April as a result of the containment and limitations i
Slide 15: Performance of centres during the pandemic
Performance of centres during the pandemic In the month of April 55% of the Naturhouse centres that remained open saw their commercial activity affected by the restrictions to movement established mainly in countries within the European Union. The beginning of the ease of the lockdown in May encoura
Slide 16: Development of the labour burden in the second quarter
Development of the labour burden in the second quarter 8.896 7.392 5.968 4.177 4.756 5.590 Abril May June 2020 2019 Figures in thousands of euros Another of the company's significant items is the cost of renting the work centres where it carries out its activity. The negotiation of rentals with the
Slide 17: Limitations on movement and liquidity measures
The limitations on movement imposed by countries during the initial months to avoid the spread of the virus, led the company to cancel trips, tours and other staff commitments. This measure meant a drastic reduction in spending of 75% compared to the second quarter of last year. Since the beginning
Slide 18: Contingency plan
Contingency plan Measures implemented by the company to deal with the evolution of the pandemic Staff Own stores: o Europe: temporary layoffs due to force majeure in Spain, France and Italy, which extend into the third quarter. Central offices and warehouses: o Europe: temporary layoffs due to force