Compagnie Financiere Tradition Sa · SIX:CFT
Compagnie Financiere Tradition Sa — FY2021 Earnings Presentation
14 slides from Compagnie Financiere Tradition Sa's earnings presentation, Mar 18, 2022
Slide 1: FY 2021 Results
4 Compagnie Financiére Tradition FY 2021 Results 18 March 2022
Slide 2: Key figures performance and financial position as of 31 December 2021
Key figures performance and financial position as of 31 December 2021 CHF CHF 951m 65m Net profit – Revenue* Group share CHF CHF 100m ~800m Underlying Market operating capitalization1) profit* Compagnie Financière Tradition CHF CHF 203m 442m Net cash Shareholders’ position* equity** 2 *Adjusted basi
Slide 3: Normalization of activities in FY2021 in two stages; Improved performance vs FY2019
Normalization of activities in FY2021 in two stages; Improved performance vs FY2019 FY 2021 performance summary, in mCHF • Adjusted revenue down 2.5% to CHF 950.8m • 1H21 down 9.9% against very volatile markets in -3.3% -2.9% -8.0% -10.6% +0.4% -1.6% -5.5% vs 2020 1H20 in the context of COVID-19 • 2
Slide 4: Revenue overview
Revenue overview From reported to adjusted revenue Group adjusted revenue Adjusted revenue by business M CHF M CHF IDB -2.8% Joint ventures 975.7 946.8 917.0 Subsidiaries (reported) -2.5% 474.7 409.1 +6.1% 442.5 H2 1 012.4 981.2 950.8 H1 -9.8% 88.4 78.2 501.0 537.7 77.2 474.5 2019 2020 2021 Non-IDB
Slide 5: Geographies: diversified revenue portfolio
Diversified revenue portfolio both in terms of geographies and asset classes Europe, Middle East, Breakdown by region in FY 2021 Africa • United Kingdom, United Asia Pacific Asia Pacific; Kingdom; • France, 28% 32% Americas • Belgium, • Japan, Geographies • Germany, • China Mainland (JV • USA, with
Slide 6: Products: diversified revenue portfolio
Diversified revenue portfolio both in terms of geographies and asset classes Currencies and Securities and rates security derivatives Commodities Non-IDB Breakdown by product in FY 2021 Non IDB; 4% • Interest rate • Government • Oil • Gaitame.com – Commodities; IDB: 96% derivatives bonds • Electrici
Slide 7: Adjusted underlying operating profit down 8.0% to CHF 99.9m
Adjusted underlying operating profit down 8.0% to CHF 99.9m Adjusted underlying operating profit IDB headcount trend (Variation at constant rates) margin -8.0% Exceptional 2 373 2 387 2 260 2 282 M CHF 10.7% 11.3% items 2 168 10.5% 111.0 Non IDB 107.9 99.9 16.0 14.6 1 608 1 583 15.0 IDB 1 439 1 507
Slide 8: Gaitame.com: Improved performance and EBITDA margin of 48% in 2021
Gaitame.com : Improved performance and EBITDA margin of 48% in 2021 Revenue trend* EBITDA trend* M CHF M CHF At current rates At constant rates (variation at constant rates) At current rates At constant rates (variation at constant rates) margin +3.8% +5.3% 47% 49% 47% 48% 73.4 73.5 68.7 67.5 30% 55
Slide 9: Net financial result improved; Effective tax rate of 22%
Net financial result improved from lower interest costs and FX impacts; Effective tax rate of 22% Net profit – Group share M CHF FY 2021 FY 2020 Change Change at at current constant Interest expense on bank borrowings and exchange exchange bonds (net) -6.5 -7.6 M CHF FY 2021 FY 2020 rates rates Inte
Slide 10: Continued focus on solid balance sheet with significant tangible equity and net cash
Continued focus on solid balance sheet with significant tangible shareholders’ equity and net cash position Assets Equity and Liabilities M CHF 31.12.2021 31.12.2020 M CHF 31.12.2021 31.12.2020 Property, Plant & Equipment 22.4 24.6 Capital 19.1 18.8 Right-of-use assets 47.3 51.1 Share premium 40.6 4
Slide 11: Shareholders' equity of CHF 442.3m and net cash position of CHF 203m
Shareholders’ equity of CHF 442.3m before deduction of own shares of CHF 12.5m and net cash position of CHF 203m1) Net cash position trend Shareholders’ equity breakdown Capital and share premium Consolidated reserves Currency translation Cash in JVs Financial debts** Unavailable cash, non-current T
Slide 12: Business model incorporate a strong operating upside
Business model incorporate a strong operating upside Consistent dividend payout Performance trend between 2005 to 2021* Dividend payout trend 2005 to 2021 (in CHFm) Revenue Revenue at constant rates 1 800 500 Underlying operating profit Net profit Group share 1 600 1 556 450 1 417 8.0 8.0 8.0 1 400
Slide 13: CFT, a Swiss group ranked amongst the top 3 worldwide in its sector
CFT, a Swiss group ranked amongst the top 3 worldwide in its sector Roadmap based on growth initiatives, operational performance and quality of balance sheet Track record of agility to cope with market cycles and structural trends enabled us to navigate 1 COVID-19 impact 2 Changes in the monetary po
Slide 14: Thank you
4Tradition Thank you Global Leaders In Interdealer Broking J
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