Geberit Ag · SIX:GEBN
Geberit — H1 2020 Earnings Presentation
13 slides from Geberit's earnings presentation, Aug 18, 2020
Slide 1: H1 2020 Results
H1 2020 Results Christian Buhl, CEO Roland Iff, CFO 18 August 2020
Slide 2: Agenda
Agenda • H1 2020 at a glance • Outlook 2020 SLIDE 2 H1 2020 RESULTS AUGUST 18, 2020
Slide 3: Key figures H1 2020
Key figures H1 2020 Net sales growth (in CHF) Net sales growth (currency adj.) EBITDA margin -9.8% -4.5% 31.5% +70 bps vs PY EPS growth (in CHF) Share buyback (in CHF) COVID-19 impact • Negative impact since 2nd half of March -13.5% 116 million • Improvement since mid of May 262’000 shares bought ba
Slide 4: Net sales H1 2020 – Negative impact from COVID-19 crisis and currencies
Net sales H1 2020 – Negative impact from COVID-19 crisis and currencies In CHF million Total variance: CHF -159 million (-9.8%) 1′627 73 87 1′468 Net sales Growth Currency Net sales H1 2019 in local currency effect H1 2020 -4.5% -5.3% SLIDE 4 H1 2020 RESULTS AUGUST 18, 2020
Slide 5: H1 2020 net sales
H1 2020 net sales Net sales in million CHF Variance to PY in CHF Variance to PY in c.a. Geberit Group 1’468 -9.8% -4.5% By region Europe 1’352 -8.7% -3.3% Far East / Pacific 40 -24.2% -18.5% America 47 -8.6% -5.4% Middle East / Africa 29 -31.6% -25.9% By product area Installation & Flushing Systems
Slide 6: H1 2020 net sales – COVID-19 lockdown countries severely impacted
H1 2020 net sales – COVID-19 lockdown countries severely impacted Share of net sales Net sales, CHF million Net sales growth, % c.a. Total -4.5% Germany 34% 495 2,9% Switzerland 10% 150 0,5% Nordic Region 10% 148 2,2% Eastern Europe 10% 143 1,4% Benelux 9% 130 0,2% Europe Austria 6% 82 0,4% Italy 6%
Slide 7: Q2 2020 net sales
Q2 2020 net sales Net sales in million CHF Variance to PY in CHF Variance to PY in c.a. Geberit Group 671 -15.9% -10.7% By region Europe 613 -14.9% -9.7% Far East / Pacific 23 -22.6% -16.1% America 22 -14.7% -11.3% Middle East / Africa 12 -42.2% -36.8% By product area Installation & Flushing Systems
Slide 8: Key figures H1 2020 – Operational profitability on PY level
Key figures H1 2020 – Operational profitability on PY level • EBIT margin on previous year level despite CHF million H1 2020 H1 2019 % YoY substantial COVID-19 driven sales decline Net sales 1’468 1’627 -9.8% − Fast and targeted cost containment measures EBITDA 462 501 -7.8% Margin 31.5% 30.8% − Hig
Slide 9: Key figures Q2 2020 – Operational profitability slightly below PY
Key figures Q2 2020 – Operational profitability slightly below PY • EBIT margin slightly below previous year despite CHF million Q2 2020 Q2 2019 % YoY substantial COVID-19 driven sales decline Net sales 671 797 -15.9% − Fast and targeted cost containment measures EBITDA 202 239 -15.5% Margin 30.1% 3
Slide 10: EBITDA margin H1 2020 – Increase of margin by 70 bps
EBITDA margin H1 2020 – Increase of margin by 70 bps 31.5% +0.7% -0.2% 30.8% -1.6% +1.8% EBITDA Volume and Price effects, Other cost Currency effect EBITDA margin H1 2019 product mix effect net effects margin H1 2020 • Negative volume effect due to COVID-19 driven volume decline • Positive net price
Slide 11: Agenda
Agenda • H1 2020 at a glance • Outlook 2020 SLIDE 11 H1 2020 RESULTS AUGUST 18, 2020
Slide 12: Outlook Geberit 2020
Outlook Geberit 2020 • The outlook is based on the assumption of no second lockdown wave − Further normalization of building construction industry during the second half of the year − Net sales in local currencies in the second half of 2020 slightly below second half of 2019 − Full year EBITDA margi
Slide 13: Disclaimer
Disclaimer While Geberit is making great efforts to include accurate and up-to-date information, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this handout and disclaim any liability for the use of it. The statements