Tarkett SA · SWB:1T9
Tarkett SA — Q1 2006 Earnings Presentation
17 slides from Tarkett SA's earnings presentation, Nov 9, 2006
Slide 1: Press Conference
AG Press Conference 1 11/09/26 AG
Slide 2: Gross sales
Gross sales (In MEUR) Jan - Mar Jan - Mar Deviation 2006 2005 Total 445,2 357,5 +24,5 % At constant exchange rate +20,5% At constant exchange rate and same perimeter +7,1% Reminder : Evolution of Sales 2005/2004 +4,7% 2004/2003 -1,1% 2 11/09/26 AG
Slide 3: Tarkett Gross Sales by product category
Tarkett Gross Sales by product category First Quarter 2006 3 11/09/26 AG
Slide 4: Gross sales by product area
Gross sales by product area Deviation in Jan - Dec Jan - Dec Deviation in % % at CER and (In MEUR) at actual 2006 2005 same exchange rate perimeter Resilient + Linoleum 247,5 214,4 +15,5% +8,5% Commercial + Linoleum 138,5 119,1 +16,3% +7,4% Residential 109,0 95,3 +14,4% +9,8% Hardwood 69,1 66,2 +4,3
Slide 5: Tarkett Gross Sales by market area
Tarkett Gross Sales by market area First Quarter 2006 Western Europe : 47,0% Western Europe : 56,2% 5 11/09/26 AG
Slide 6: Gross sales by market area First Quarter 2006
Gross sales by market area First Quarter 2006 Deviation in Jan - Dec Jan - Dec Deviation in % % at CER and (In MEUR) at actual 2006 2005 same exchange rate perimeter Western Europe 209,1 201,0 +4,0% +4,7% France 54,5 54,8 -0,6% -0,6% Germany / Switzerland / Austria 33,6 36,0 -6,6% -6,6% Scandinavia
Slide 7: EBITA
EBITA First Quarter First Quarter (In MEUR) 2006 2005 EBITA 17,0 16,4 in % of sales 3,8% 4,6% 7 11/09/26 AG
Slide 8: Indirect costs
Indirect costs First Quarter First Quarter (In MEUR) Deviation 2006 2005 Indirect costs -97,2 -81,1 +19,7% at comparable structure +0,8% in % of sales 21,8% 22,7% Reminder : Evolution of ratio TIC / Sales 2003 2004 2005 24,5% 23,6% 22,7% 8 11/09/26 AG
Slide 9: Net income
Net income First Quarter First Quarter (In MEUR) 2006 2005 EBITA 17,0 16,4 - Goodwill amortization 0,0 0,0 - Financial Result -6,2 -4,4 - Share of profit of Associates 1,7 0,9 - Taxes -3,5 -4,2 - Minority Interest 0,0 0,0 NET INCOME 9,0 8,6 Tax Rate 32,4% 35,0% 9 11/09/26 AG
Slide 10: BENCHMARKING
BENCHMARKING Net Sales EBITA / Net Sales Year 2005/2004 Deviation Deviation 2005 at actual at constant 2005 2004 exchange rate exchange rate Tarkett 1 559,0 M€ +12.6% +12.8% 6.0% 7.0% Armstrong Flooring 2 298,3 M$ -0.6% -1.2% -1.3% - 1.9% Congoleum (1) 237,6 M$ +3.5% +3.5% -6.3% 3.8% Mohawk (2) 6620
Slide 11: Working capital
Working capital In MEUR – 31/03 2006 2005 Deviation Working capital 287,1 237,9 20,6% at comparable structure 259,3 237,9 9,0% Inventories 284,8 236,4 +20,5% Days of Inventories 94,9 99,7 -4,8 days Days Sales Outstanding 58,2 59,5 -1,3 days Days Of Purchase 67,4 74,7 -7,3 days 11 11/09/26 AG
Slide 12: Investments and Net debt
Investments and Net debt First Quarter First Quarter (In MEUR) 2006 2005 Investments (Capex) 14,8 13,4 Net debt 504 306 Variation +198 at comparable structure -29 12 11/09/26 AG
Slide 13: Drei-Säulen-Strategie
Drei-Säulen-Strategie 13 11/09/26 AG
Slide 14: 1. Konzentration auf Kerngeschäft
1. Konzentration auf Kerngeschäft 14 11/09/26 AG
Slide 15: 2. Globalisierung des Geschäfts
2. Globalisierung des Geschäfts 15 11/09/26 AG
Slide 16: 3. Profitables Wachstum
3. Profitables Wachstum 16 11/09/26 AG
Slide 17: Ausblick
Ausblick 17 11/09/26 AG