Bang & Olufsen A/s · OMXCOP:BO
Bang & Olufsen A/s — Q2 2021 Earnings Presentation
19 slides from Bang & Olufsen A/s's earnings presentation, Jan 12, 2021
Slide 1: Interim Report Q2/2020/21
INTERIM REPORT Q2/ 2020/21 —_—_——& _ I Xe
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities issued by Bang & Olufsen a/s in any jurisdiction, including the United States of America, Canada, Australia, Japan o
Slide 3: Key Highlights and Update on Strategy, Financial Performance, Outlook, Q&A
KEY HIGHLIGHTS AND UPDATE ON STRATEGY FINANCIAL PERFORMANCE OUTLOOK Q&A
Slide 4: Double-digit revenue growth and positive EBIT; updated outlook maintained
D O U B L E - D I G I T R E V E N U E G R O W T H A N D P O S I T I V E E B I T | U P D AT E D O U T L O O K F O R 2 0 2 0 / 2 1 F R O M 1 5 D E C E M B E R M A I N TA I N E D • • • • •
Slide 5: Managing new wave of COVID-19
M A N A G I N G N E W WAV E O F C O V I D - 1 9 • • • • • • • • • • • • •
Slide 6: Strategy execution on track
S T R AT E G Y E X E C U T I O N O N T R A C K +
Slide 7: Growth in core markets driven by strategy execution
G R O W T H I N C O R E M A R K E T S D R I V E N BY S T R AT E G Y E X E C U T I O N • • • • • • • • •
Slide 8: Successful launches and software updates to current portfolio
S U C C E S S F U L L A U N C H E S A N D S O F T WA R E U P DAT E S TO C U R R E N T PORTFOLIO
Slide 9: Accelerating digital initiatives
A C C E L E R AT I N G D I G I TA L I N I T I AT I V E S • • • • • • • •
Slide 10: Key Highlights and Update on Strategy, Financial Performance, Outlook, Q&A
KEY HIGHLIGHTS AND UPDATE ON STRATEGY FINANCIAL PERFORMANCE OUTLOOK Q&A
Slide 11: Second consecutive quarter with +11% revenue growth
SECOND CONSECUTIVE QUARTER WITH +11% REVENUE GROWTH D R I V E N BY F L E X I B L E L I V I N G G R O W I N G 6 1 % • • • – – – • – – – •
Slide 12: Growth across all regions
GROWTH ACROSS ALL REGIONS +5% in LC +16% in LC +13% in LC +41% in LC • • • • • • • • • • • • • •
Slide 13: Capacity costs decreased, supported by cost reduction programme
C A PA C I T Y C O S T S D E C R E A S E D BY 1 4 % E XC L U D I N G S P E C I A L I T E M S | S U P P O R T E D BY C O S T R E D U C T I O N P R O G R A M M E • • • • • • – • • – • •
Slide 14: Strong NWC management, improved free cash flow and strengthened liquidity
S T R O N G N W C M A N A G E M E N T, I M P R O V E D F R E E C A S H F L O W A N D STRENGTHENED LIQUIDITY POSITION • • • • – – • – • • • • •
Slide 15: Continued optimisation and monitoring of inventory, payment terms and receivables
C O N T I N U E D O P T I M I S AT I O N A N D M O N I TO R I N G O F I N V E N TO R Y, PAY M E N T T E R M S A N D R E C E I VA B L E S • • • • •
Slide 16: Key Highlights and Update on Strategy, Financial Performance, Outlook, Q&A
KEY HIGHLIGHTS AND UPDATE ON STRATEGY FINANCIAL PERFORMANCE OUTLOOK Q&A
Slide 17: Outlook 2020/21
O U T L O O K 2 0 2 0 / 2 1 | U N C H A N G E D C O M PA R E D TO 1 5 D E C E M B E R 2 0 2 0 ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 18: Summary: Another strong quarter
S U M M A R Y | A N OT H E R S T R O N G Q U A R T E R • • • • • • •
Slide 19: Investor Relations Contact