Slide 1: Nine-Month 2018 Sales and Financial Data
NINE-MONTH 2018 SALES AND FINANCIAL DATA 25 October 2018
Slide 2: Disclaimer
NINE-MONTH 2018 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: Figures, Business review by geography, 2018 Outlook, Appendix
NINE-MONTH 2018 SALES AND FINANCIAL DATA 1 Figures 2 Business review by geography 3 2018 Outlook 4 Appendix Nine-month 2018 Sales and Financial Data 3
Slide 4: Figures
FIGURES Nine-month 2018 Sales and Financial Data 4
Slide 5: Key figures at September 2018
Key figures at 30 September 2018 Revenue €4,628m +3.8% in € +7.5% LFL Operating Result from Activity €373m €405m as reported LFL and excl. 2017 PPA one-off -4.1% in € -0.2% Net debt at 30/09 €2,105m +€200m vs 31/12/2017 Nine-month 2018 Sales and Financial Data 5
Slide 6: 9-month revenue by region
9-month revenue by region As In €m 2017 2018 LFL reported EMEA 2,033 2,053 +1.0% +3.4% Western Europe 1,524 1,536 +0.8% +1.1% Other countries 509 517 +1.3% +10.3% AMERICAS 655 573 -12.5% -4.8% North America 395 357 -9.8% -6.5% South America 260 216 -16.6% -1.8% ASIA 1,345 1,544 +14.8% +18.8% China 9
Slide 7: Q3 revenue by region
Q3 revenue by region As In €m Q3 2017 Q3 2018 LFL* reported EMEA 718 715 -0.4% +2.0% Western Europe 536 539 +0.6% +0.7% Other countries 182 176 -3.5% +5.9% AMERICAS 247 235 -5.1% -0.3% North America 146 152 +4.0% +1.8% South America 101 83 -18.4% -3.5% ASIA 419 485 +15.7% +16.3% China 293 367 +25.2%
Slide 8: Organic sales growth, by quarter
Organic sales growth, by quarter 9-month performance In % 2016 2017 2018 +6.2% +9.6% +7.5% 12 11.5 10 8.8 8.6 7.8 8.4 8 7.3 7.4 6 6.9 6.5 6.0 5.1 4 2016 2 2017 2018 0 Q1 Q2 Q3 Q4 Nine-month 2018 Sales and Financial Data 8
Slide 9: Analysis of 9-month 2018 sales growth
Analysis of 9-month 2018 sales growth In €m +335 -178 +12 4,628 4,459 Organic Currency Other growth effect +7.5% -4.0% +0.3% +3.8% 9 months 9 months 2017 2018 Nine-month 2018 Sales and Financial Data 9
Slide 10: Currency impact on 9-month 2018 sales
Currency impact on 9-month 2018 sales In €m 0 -5 -10 -15 -20 -€178m -25 Q1: -€86m -30 Q2: -€54m -35 Q3: -€38m -40 -45 KRW CNY CHF ARS BRL JPY RUB TRY COP MXN USD OTHER Nine-month 2018 Sales and Financial Data 10
Slide 11: Top-20 Countries 9-month revenue growth, LFL
Top-20 Countries 9-month revenue growth, LFL TOP 10 COUNTRIES CHINA Belgium JAPAN Poland GERMANY SPAIN Colombia ITALY Switzerland RUSSIA Turkey Netherlands FRANCE SOUTH KOREA Mexico UNITED STATES BRAZIL United Kingdom Austria Canada Consumer, excl. Professional business Nine-month 2018 Sales and Fin
Slide 12: WMF Professional
WMF Professional Reminder Professional 2017 2018 REPORTED LFL 2017 9 months 426 458 +7.4% +10.2% +17.7% Q3 134 168 +26.3% +27.2% +10.8% ▪ PCM: sales growth accelerating strongly in Q3 Core business enjoying firm momentum overall Shipment of large deals signed in Q1: 2 in the US (among which Race
Slide 13: Business Review by Geography
BUSINESS REVIEW BY GEOGRAPHY Nine-month 2018 Sales and Financial Data 13
Slide 14: Western Europe
Western Europe Reminder Western Europe 2017 2018 REPORTED LFL LFL 2017 9 months 1,524 1,536 +0.8% +1.1% +4.4% Q3 536 539 +0.6% +0.7% +3.8% ▪ Sharp volatility in SDA market: buoyant demand in July-August, driven by fans, vs much slower in September ▪ Groupe SEB LFL growth penalized by 2 factors Non
Slide 15: Other EMEA countries
Other EMEA countries Reminder Other EMEA countries 2017 2018 REPORTED LFL LFL 2017 9 months 509 517 +1.3% +10.3% +15.3% Q3 182 176 -3.5% +5.9% +20.3% ▪ Q3 impacted by significant FX headwinds (TRY, RUB, especially) Price increases implemented to offset impact of currency depreciation vs € ▪ Yet, v
Slide 16: North America
North America Reminder North America 2017 2018 REPORTED LFL LFL 2017 9 months 395 357 -9.8% -6.5% +3.6% Q3 146 152 +4.0% +1.8% -6.1% ▪ Improved performance in Q3 Following difficult H1 due to high comps and poor performance in Canada ▪ Contrasting situations amid markets US: market environment d
Slide 17: South America
South America Reminder South America 2017 2018 REPORTED LFL LFL 2017 9 months 260 216 -16.6% -1.8% +1.1% Q3 101 83 -18.4% -3.5% +0.9% ▪ Amplified depreciation of local currencies in Q3 (BRL, COP, ARS) ▪ Highly contrasting business, depending on countries Brazil: sales down and no recovery in Q3 ac
Slide 18: China
China Reminder China 2017 2018 REPORTED LFL LFL 2017 9 months 973 1,192 +22.6% +26.6% +21.5% Q3 293 367 +25.2% +26.5% +23.4% ▪ Another outstanding performance by Supor in Q3, essentially driven by e-commerce ▪ Continued solid performance in cookware All flagship products contributing to robust gro
Slide 19: Other Asian countries
Other Asian countries Reminder Other asian countries 2017 2018 REPORTED LFL LFL 2017 9 months 372 352 -5.4% -1.5% +2.5% Q3 126 118 -6.4% -7.4% +6.5% ▪ Marked decline in revenue in Q3 due to non-repeat of 2017 WMF LP in Taiwan ▪ Excl. LP impact, overall firm business Japan: strong impetus in Q3 owi
Slide 20: Outlook
OUTLOOK Nine-month 2018 Sales and Financial Data 20
Slide 21: 2018 guidance
2018 guidance Priorités Organic growth in sales of around 8% vs. > 7% previously Growth of around 3% in ORfA before WMF one-off PPA vs. > 5% previously Debt reduction: confirmation of a net debt/adjusted EBITDA ratio < 2 at end-2018 Nine-month 2018 Sales and Financial Data 21
Slide 22: Glossary
Glossary Nine-month 2018 Sales and Financial Data 22
Slide 23: Glossary
Glossary On a like-for-like basis (LFL) – Organic The amounts and growth rates at constant exchange rates and consolidation scope in a given year compared with the previous year are calculated: using the average exchange rates of the previous year for the period in consideration (year, half-year,
Slide 24: Contact Us
CONTACT US Investor/Analyst relations Groupe SEB Financial Communication and Investor Relations Isabelle Posth Raphaël Hoffstetter iposth@groupeseb.com rhoffstetter@groupeseb.com Tel.: +33 (0) 4 72 18 16 40 comfin@groupeseb.com Media relations Image Sept Upcoming events Caroline Simon Claire Doligez