Naturhouse Health SA · BME:NTH

Naturhouse Health SA — Q3 2016 Earnings Presentation

15 slides from Naturhouse Health SA's earnings presentation, Oct 31, 2016

  1. Slide 1: 3Q16 Results

    B® NATUR HOUSE & Expertos en Nutricién y Dietética Experts in nutrition and weight management 3Q16 Results 31 October 2016

  2. 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 for the third quarter of 2016. NATURHOUSE does not authorise its dissemination, publication or use by any other person,

  3. Slide 3: Index

    Index  Main Figures  Highlights  Profit & Loss Account  Sales by Country  EBITDA by Country  EBITDA Margin  Naturhouse Centres  Net Cash & Dividends  Balance Sheet  Conclusions  Price Sensitive Information Notes 3

  4. Slide 4: Main Figures

    Main Figures “Focus on the Sales department as the foundation for boosting our sales, which continue to grow at a significant rate (+3.4% vs 3Q15)” 2,238 centres, 44 more than the guidance forecast for 2016. Sales continue to develop at a significant pace, boosted by the positive behaviour of the 4

  5. Slide 5: Highlights

    Highlights  Sales increased by 3.4% to €76.6m, maintaining the growth rate registered to June 2016, given that the 4 main countries continue to show positive growth rates. This improvement in revenues is down to:  The company’s increased efforts in the Sales and Marketing departments, which have b

  6. Slide 6: Profit & Loss Account

    Profit & Loss Account 3Q15 3Q16 Growth (%) Total Sales 74.121 76.614 3,4% Procurements -21.839 -22.502 3,0% Gross profit 52.283 54.111 3,5% Gross profit margin 70,5% 70,6% Personnel -13.626 -13.936 2,3% Other operating expenses -12.062 -13.429 11,3% Other Income * 410 317 -22,6% EBITDA 27.004 27.063

  7. Slide 7: Sales

    Sales Positive growth of the international division (+4.1% vs 3Q15) Spain continues to show a positive evolution in sales France: A slow-down in growth due to a weak July. Sales climbed back up again in August and September. Sales according to country Sales and marketing departments strengthened t

  8. Slide 8: EBITDA

    EBITDA Focus on boosting sales, strengthening the sales department (human resources and advertising) and outsourcing some services in order to provide the company with greater security and flexibility EBITDA according to country EBITDA contribution according to country 0% 3Q15 3Q16 Growth (%) 13% Fr

  9. Slide 9: EBITDA Margin

    EBITDA Margin EBITDA margin of 35.3%, above average for the industry and above the upper threshold of the guidance for 2015-16 (30%-35%). We are also maintaining our commitment to keeping the EBITDA margin within the 30-35% range in 2017. EBITDA Margin according to country 44,1% 43,1% 38,2% 36,7% 35

  10. Slide 10: Naturhouse Centres

    Naturhouse Centres 2,238 centres, 44 centres more than the guidance for the whole year +24 net openings in 3Q16, and 115 at end 3Q16 We continue to grow thanks to the opening of new franchises/master franchises (+106 vs 9 directly-owned stores) Breakdown of net openings: +92 new franchises +115 +14

  11. Slide 11: Net Cash Position & Dividends

    Net Cash Position & Dividends We extend our commitment to maintaining our payout above 80% in 2017 Net cash position Dividends 17.484 25.675 15.087 14.940 16.950 10.880 14.050 11.600 7.338 8.100 2012 2013 2014 2015 3Q16 2012 2013 2014 2015 3Q16 Figures in thousands of euros Figures in thousands of e

  12. Slide 12: Balance Sheet

    Balance Sheet 2015 3Q16 Intangible assets 2.193 1.891 Property, plant & equipment 5.025 4.884 Non current financial assets 813 836 Investment in associated companies 3.140 3.205 Deferred tax assets 369 342 Non current Assets 11.540 11.158 Net cash position of €17.5m at the Inventories 3.541 4.251 e

  13. Slide 13: Conclusions

    Conclusions We continue to grow Sales: +3.4%; €76.61m EBITDA: +0.22%; €27.06m EBITDA Margin: 35.3% vs 30-35% for 2015-16 guidance Net income: +1%; €18.85m While the Spanish and Italian markets are recovering Spain: +0.6% vs -9.6% in 3Q15 Italy: +5.1% vs -7% in 3Q15 After exceeding the 2015-16 guidan

  14. Slide 14: Material Facts for the period

    Material Facts for the period Material Facts for the period  20 January 2016: Net openings 2015  26 February 2016: Publication of 2015 results 26 February 2016: Publication of final dividend 2015 26 February 2016: The company issues its Annual Corporate Governance Report for 2015 26 February 20

  15. Slide 15: Contact

    CONTACT María Pardo Martinez Investor Relations Manager Tel: +34 914323953 Email: accionista@naturhouse.com 15

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