Seb Sa · EURONEXT:SK
Seb Sa — Groupe SEB — FY2020 Earnings Presentation
28 slides from Seb Sa's earnings presentation, Jan 21, 2021
Slide 1: Provisional 2020 Sales
PROVISIONAL 2020 SALES January 21, 2021 Listen to the live webcast click here
Slide 2: Disclaimer
PROVISIONAL 2020 SALES 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 assumptions but cannot and d
Slide 3: Contents
CONTENTS 1. 2020 performance 2. Focus on businesses 3. Review by geography 4. 2020 guidance update 5. Appendix 3 21/01/2021 Provisional 2020 sales
Slide 4: 2020 Performance
01 2020 PERFORMANCE 4 Unaudited figures
Slide 5: Key figures at December 2020
Key figures at 31 December 2020 Annual Sales Q4 Sales €6,940m €2,228m -5.6% -3.8% LFL -0.5% +2.9% LFL o/w Consumer o/w Professional o/w Consumer o/w Professional €6,365m €575m €2,081m €147m -2.9% -0.5% LFL -28.0% -30.7% LFL +2.5% +6.2% LFL -30.0% -28.5% LFL 5 21/01/2021 Provisional 2020 sales
Slide 6: Analysis of sales growth, 2019 to 2020
Analysis of sales growth, 2019 ➔ 2020 In €m 7,354 -276 -219 6,940 +81* Organic Currency Scope growth effect -3.8% -3.0% +1.2% -5.6% 2019 2020 *of which, €60m for Storebound (5 months of consolidation) 6 21/01/2021 Provisional 2020 sales
Slide 7: Currency impact on 2020 sales: -€219m
Currency impact on 2020 sales: -€219m In €m 2 -8 -18 -€219m -28 Q1: +€3m Q2: -€23m -38 Q3: -€90m Q4: -€109m -48 -58 CHF THB BRL EGP CAD KRW ARS UAH TRY CNY RUB OTHER GBP PLN MXN COP USD 7 21/01/2021 Provisional 2020 sales
Slide 8: Focus on Businesses
02 FOCUS ON BUSINESSES 8
Slide 9: An overall resilient year, despite highly volatile business activity
An overall resilient year, despite highly volatile business activity… 20,0% LFL sales growth (% vs. 2019) 9.9% 10,0% 6.2% 4.4% 2.9% CONSUMER 0,0% -0.5% -3.2% -3.8% PRO -10,0% -9.7% -8.4% -17.3% -16.5% -20,0% GROUP TOTAL -30,0% -28.5% -30,7% -40,0% -39.4% -43.4% -50,0% Q1 Q2 Q3 Q4 FY 9 21/01/2021 Pro
Slide 10: With dynamic H2 Consumer momentum
… with dynamic H2 Consumer momentum LFL sales growth (% vs. 2019) 10,0% 7.8% 3.6% CONSUMER 0,0% -0.5% -3.8% PRO -10,0% -10.6% -12.6% GROUP -20,0% TOTAL -30,0% -27.6% -30.7% -33.8% -40,0% Period - % of FY consumer sales H1 – 41% H2 – 59% FY 10 21/01/2021 Provisional 2020 sales
Slide 11: Consumer product lines: 2020 sales change vs 2019, LFL
Consumer product lines: 2020 sales change vs 2019, LFL 15,0% Full-Year Consumer sales: €6,365m, -0.5% LFL 10,0% Excl. China +2,3% 5,0% 0,0% Electrical Home Food cooking comfort preparation -5,0% LKA* Linen care Beverage Cookware Home care Personal care -10,0% -15,0% *LKA = Large Kitchen Appliances 1
Slide 12: Focus on Professional
Growth vs Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Focus on Professional LY % LFL LFL LFL LFL LFL Full-year sales: €575m Professional -9.7% -43.4% -39.4% -28.5% -30.7% ▪ ~ 8% of Group revenue in 2020 ▪ Sales down by around 30% LFL, FY and Q4 • Demanding 2019 comps in Professional Coffee Machines (PCM
Slide 13: Review by Geography (Consumer)
03 REVIEW BY GEOGRAPHY (CONSUMER) 13
Slide 14: 2020 sales by geography, LFL – Consumer
2020 sales by geography, LFL – Consumer AMERICAS EMEA ASIA €876m / -0.2% €3,307m / +1.5% €2,182m / -3.4% +12.2% +10.8% +6.3% +7.0% +7.6% +6.0% +4.5% -8.6% -7.5% -10.4% -17.4% -26.9% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 All continents posted positive LFL growth in Q4 / H2 14 21/01/2021 Provisional 202
Slide 15: EMEA Full-year sales: €3,307m
Growth vs Q4 2020 Q4 2020 FY 2020 FY 2020 EMEA LY % LFL as reported LFL as reported Full-year sales: €3,307m Western Europe +2.5% +2.3% -1.5% -1.5% Other EMEA +19.7% +3.3% +9.6% +0.4% countries WESTERN EUROPE Western Europe, LFL* ▪ Positive business activity in Q4/H2 +10.2% • Slower momentum in Q4 d
Slide 16: Americas Full-year sales: €876m
Growth vs Q4 2020 Q4 2020 FY 2020 FY 2020 LY % LFL as reported LFL as reported AMERICAS North America -0.8% +8.6% -0.3% +5.7% Full-year sales: €876m South America +20.4% -9.1% +0.1% -22.1% North America, LFL ▪ Overall tough health backdrop and negative FX impacts in the Americas +8.6% NORTH AMERICA
Slide 17: Asia Full-year sales: €2,182m
Growth vs Q4 2020 Q4 2020 2020 2020 ASIA LY % LFL as reported LFL as reported China +3.1% +1.8% -6.1% -7.7% Full-year sales: €2,182m Other Asian +8.3% +4.2% +5.2% +3.2% countries China, LFL CHINA ▪ Highly contrasted market environment: momentum of online distribution +10.2% +3.9% +3.1% vs lasting ne
Slide 18: 2020 Guidance Update
04 2020 GUIDANCE UPDATE 18
Slide 19: 2020 guidance update
2020 guidance update Operating Result from Activity (ORfA) is expected to come at around €600m • Including a negative currency effect slightly above €100m, as expected, and a positive raw material effect • Better than guidance of end-October when expected decrease of ORfA was in the range of -25 /-3
Slide 20: Appendix
SEB APPENDIX 05
Slide 21: Analysis of sales growth, Q4 2019 to 2020
Analysis of sales growth, Q4 2019 ➔ 2020 In €m +65 -109 2,240 2,228 +32 Organic Currency Scope* growth effect +2.9% -4.9% +1.5% -0.5% 2019 2020 *Storebound exclusively (3 months) 21 21/01/2021 Provisional 2020 sales
Slide 22: 2020 sales by region
2020 sales by region Other Asia Emerging countries Mature countries 9% 45% 55% Western Europe 39% China 24% €6,940m €6,940m -3.8% LFL -3.8% LFL South America 4% Other EMEA 13% North America 11% 22 21/01/2021 Provisional 2020 sales
Slide 23: 2020 sales
2020 sales Unaudited figures In €m Q4 2020 2019 2020 As reported 2020 LFL LFL EMEA 3,339 3,307 -1.0% +1.5% +7.0% Western Europe 2,442 2,406 -1.5% -1.5% +2.5% Other countries 897 901 +0.4% +9.6% +19.7% AMERICAS 915 876 -4.2% -0.2% +6.3% North America 589 622 +5.7% -0.3% -0.8% South America 326 254 -2
Slide 24: Q4 2020 sales
Q4 2020 sales Unaudited figures In €m Q4 2020 Q4 2019 Q4 2019 Q4 2020 As reported LFL LFL EMEA 1,159 1,189 +2.6% +7.0% -1.1% Western Europe 856 876 +2.3% +2.5% -4.8% Other countries 303 313 +3.3% +19.7% +10.7% AMERICAS 285 292 +2.7% +6.3% -9.8% North America 190 206 +8.6% -0.8% -3.8% South America 9
Slide 25: FY 2020 quarterly sales
FY 2020 quarterly sales Unaudited figures In €m Q1.. Q2 H1 Q3 9m Q4 2020 EMEA 641 631 1 272 846 2 118 1 189 3 307 Western Europe 445* 475* 920* 610* 1,530* 876 2,406 Other countries 196* 156* 352* 236* 588* 313 901 AMERICAS 149 149 298 286 584 292 876 North America 97 112 209 208 417 206 622 South A
Slide 26: Glossary
Glossary On a like-for-like basis (LFL) – Organic Net debt The amounts and growth rates at constant exchange rates and consolidation scope in a This term refers to all recurring and non-recurring financial debt minus cash and cash given year compared with the previous year are calculated: equivalent
Slide 27: Contacts
Investor/Analyst relations Media Relations Groupe SEB Groupe SEB Financial Communication Corporate Communication Dept and Investor Relations Dpt C O N TA C T S Cathy Pianon Isabelle Posth Anissa Djaadi Raphaël Hoffstetter cpianon@groupeseb.com iposth@groupeseb.com adjaadi@groupeseb.com rhoffstetter@
Slide 28: Agenda: 2021 key dates
2021 key dates AGENDA February 25 | before market opens 2020 sales and results April 22 | after market closes Q1 2021 sales and financial data May 20 | 15:00 Annual general meeting July 23 | before market opens H1 2021 sales and results October 26 | after market closes Nine-month 2021 sales and fina