Slide 1: Nine-Month 2019 Sales and Financial Data
NINE-MONTH 2019 SALES AND FINANCIAL DATA 29 October 2019
Slide 2: Disclaimer
NINE-MONTH 2019 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 assumption
Slide 3: Contents
CONTENTS 1. Figures 2. Business review by geography 3. 2019 Outlook 4. Appendix 3 29/10/2019 Nine-month sales and financial data
Slide 4: Figures
01 FIGURES
Slide 5: Key figures at September 2019
Key figures at 30 September 2019 Revenue €5,114m +10.5% +8.1% LFL Operating Result from €407m Activity +9.3% +5.5% LFL Net debt at 30/09/2019 €2,459m +€354m vs 30/09/2018 incl. an IFRS 16 impact of €344m and Wilbur Curtis and Krampouz acquisitions 5 29/10/2019 Nine-month sales and financial data
Slide 6: Revenue growth detailed by business activity
Revenue growth detailed by business activity Revenue €5,114m +10.5% +8.1% LFL Consumer Professional €4,525m €589m +8.5% +7.5% LFL +28.6% +14.4% LFL 6 29/10/2019 Nine-month sales and financial data
Slide 7: Organic sales growth per quarter
Organic sales growth per quarter 9-month performance 2017 2018 2019 In % +9.6% +7.5% +8.1% 12 11.5 10 8.6 8.8 8.4 8.5 7,7 8.4 8 8.2 7.4 7.8 2017 7.3 6 2018 2019 4 T1 T2 T3 T4 7 29/10/2019 Nine-month sales and financial data
Slide 8: Analysis of 9-month 2019 sales growth
Analysis of 9-month 2019 sales growth In €m 5,114 +45 +64 +377 4,628 Organic Currency growth effect Scope* +8.1% +1.0% +1.4% +10.5% 9 months 9 months 2018 2019 * Wilbur Curtis (8 months) + JV in Egypt 8 29/10/2019 Nine-month sales and financial data
Slide 9: Currency impact on 9-month 2019 sales
Currency impact on 9-month 2019 sales: +€45m In €m 30 25 +€45m 20 Q1: +€13m Q2: +€2m 15 Q3: +€30m 10 5 0 -5 -10 -15 CNY CHF EGP RUB BRL ARS KRW TRY MXN COP OTHERS JPY USD 9 29/10/2019 Nine-month sales and financial data
Slide 10: 9-month 2019 sales
9-month 2019 sales In €m 9 months 9 months As 9 months Q3 2019 2018 2019 reported 2019 LFL LFL EMEA 2,053 2,180 +6.2% +5.7% +7.1% Western Europe 1,536 1,586 +3.2% +3.1% +2.4% Other countries 517 594 +15.0% +13.4% +21.7% AMERICAS 573 630 +10.2% +8.7% +11.6% North America 357 400 +12.2% +6.5% +11.2% S
Slide 11: Breakdown of sales by region
Breakdown of sales by region Other Asia Emerging countries Mature countries 8% 47% 53% Western Europe 37% China 27% €5,114m €5,114m +8.1% LFL +8.1% LFL South America 5% Other EMEA 12% North America 11% 11 29/10/2019 Nine-month sales and financial data
Slide 12: Business Review by Geography
02 BUSINESS REVIEW BY GEOGRAPHY
Slide 13: Western Europe
Western Europe Reminder Western Europe (€m) 2018 2019 REPORTED LFL LFL 2018 9-month sales 1,536 1,586 +3.2% +3.1% +1.1% Q3 sales 539 553 +2.4% +2.4% +0.7% ▪ LFL Q3 growth driven by sustained core business and LPs ▪ Contrasted performance by country: ➔ France: ~5% growth in Q3 driven by LP and flagsh
Slide 14: Other EMEA Countries
Other EMEA Countries Other EMEA countries Reminder 2018 2019 REPORTED LFL (€m) LFL 2018 9-month sales 517 594 +15.0% +13.4% +10.3% Q3 sales 176 226 +28.5% +21.7% +5.9% ▪ First growth area for the Group in Q3 ➔ Central Europe: strong growth in core business and new LPs leading to market share gains ➔
Slide 15: North America
North America Reminder North America (€m) 2018 2019 REPORTED LFL LFL 2018 9-month sales 357 400 +12.2% +6.5% -6.5% Q3 sales 152 176 +15.7% +11.2% +1.8% ▪ Favorable monetary environment for the three currencies of the region ▪ Strong Q3 LFL growth mainly thanks to specific effects: ➔ Implementation o
Slide 16: South America
South America Reminder South America (€m) 2018 2019 REPORTED LFL LFL 2018 9-month sales 216 230 +6.8% +12.3% -1.8% Q3 sales 83 92 +11.7% +12.5% -3.5% ▪ Continued depreciation of BRL, ARS and COP ▪ One-off compensating slowdown in growth in Brazil in Q3 ➔ Recognition of a tax credit worth EUR8m. Excl
Slide 17: China
China Reminder China (€m) 2018 2019 REPORTED LFL LFL 2018 9-month sales 1,192 1,339 +12.3% +11.1% +26.6% Q3 sales 367 401 +9.1% +7.5% +26.5% ▪ Q3 LFL growth of 7.5% in the context of exceptional comps in 2018 ➔ Mode moderate economic Chinese growth ➔ US/China trade dispute ▪ Supor continuing to outp
Slide 18: Other Asian countries
Other Asian countries Other Asian countries Reminder 2018 2019 REPORTED LFL (€m) LFL 2018 9-month sales 352 376 +7.1% +3.1% -1.5% Q3 sales 118 132 +12.9% +8.2% -7.4% ▪ Vigorous Q3 growth, accelerating vs. H1-2019 ➔ Japan as the main driver: ▪ Positive momentum in core categories and Cook4me ▪ Purcha
Slide 19: Professional
Professional PROFESSIONAL Reminder Professional (€m)* 2018 2019 REPORTED LFL LFL 2018 9-month sales 458 589 +28.6% +14.4% +10.2% Q3 sales 168 198 +17.8% +4.6% +27.2% ▪ Professional Coffee Machines: robust 9M growth following more modest Q3 on high comps ➔ Major deals shipped as from summer 2018 ➔ Ex
Slide 20: Outlook
+———— OUTLOOK
Slide 21: 2019 Outlook
2019 Outlook ▪ Organic sales growth now expected between +6% and +7% vs. over 7% as announced at end-July ▪ Objective confirmed of an around +6% increase in reported ORfA, in a more favorable currency and raw material environment than expected 21 29/10/2019 Nine-month sales and financial data
Slide 22: Appendix
SEB APPENDIX 04
Slide 23: Q3-2019 sales
Q3-2019 sales In €m As Q3 2019 Q3 2018 Q3 2019 reported LFL EMEA 715 779 +8.8% +7.1% Western Europe 539 553 +2.4% +2.4% Other countries 176 226 +28.5% +21.7% AMERICAS 235 268 +14.3% +11.6% North America 152 176 +15.7% +11.2% South America 83 92 +11.7% +12.5% ASIA 485 533 +10.0% +7.7% China 367 401 +
Slide 24: Glossary
Glossary On a like-for-like basis (LFL) – Organic Net debt – Net indebtedness The amounts and growth rates at constant exchange rates and consolidation scope This term refers to all recurring and non-recurring financial debt minus cash and cash in a given year compared with the previous year are cal
Slide 25: Contacts
Investor/Analyst relations Media Relations Groupe SEB Groupe SEB Financial Communication Corporate Communication Dept and Investor Relations Cathy Pianon C O N TA C T S Isabelle Posth cpianon@groupeseb.com Raphaël Hoffstetter Tel: +33 (0) 6 33 13 02 00 iposth@groupeseb.com rhoffstetter@groupeseb.com
Slide 26: 2020 key dates
2020 key dates January 22 | after market close Provisional 2019 sales AGENDA February 27 | before market opens 2019 sales and results April 27 | after market closes Q1 2020 sales and financial data May 19 | 15:00 Annual general meeting July 23 | before market opens H1 2020 sales and results October