Societe Bic Sa · EURONEXT:BB
Societe Bic Sa — BIC — Q1 2025 Earnings Presentation
22 slides from Societe Bic Sa's earnings presentation, Apr 23, 2025
Slide 1: BIC Q1 2025 Net Sales Presentation
BIC Q1 2025 Net Sales Presentation April 23, 2025
Slide 2: Disclaimer
Disclaimer This document contains forward-looking statements. Although BIC believes its estimates are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. A description of the risks borne by BIC appears in section “Risk Factors and Management” of BIC’s 2
Slide 3: Q1 2025 Key Takeaways
Q1 2025 Key Takeaways Gonzalve Bich Chief Executive Officer 3
Slide 4: First Quarter 2025 Key Takeaways
First Quarter 2025 Key Takeaways • Deteriorating trading environment in North America, leading to lower consumption trends • Tough comparison basis across the rest of the world, which grew double-digits in Q1 2024 • BIC focused on execution of its Horizon strategy o Ongoing commercial execution and
Slide 5: Q1 2025 Net Sales Performance
Q1 2025 Net Sales Performance Chad Spooner Chief Financial Officer 5
Slide 6: Q1 2025 Net Sales Evolution
Q1 2025 Net Sales Evolution Net Sales (7.0)% (10.9)% €478m at CC1 at CB2 in million euros 522 57 7 20 478 (10.9) pts (1.3) pts +3.9 pts Q1 2024 Net Sales Change on a FX impact Perimeter impact Q1 2025 Net Sales as reported comparative basis (Tangle Teezer) as reported 1 on a constant currency basis
Slide 7: Q1 Performance by division - Human Expression
Q1 Performance by division - Human Expression in million euros Q1 2024 Q1 2025 North America Europe Challenging consumer Negative market trends in Net Sales 173.8 153.1 environment driving France and UK, partially offset market decline and by distribution gains and leading to net sales solid perform
Slide 8: Q1 Performance by division - Flame for Life
Q1 Performance by division - Flame for Life in million euros Q1 2024 Q1 2025 North America Europe Net sales significantly Slight net sales decline Net Sales 207.1 171.7 impacted by following 4 consecutive years of deteriorating growth, partially offset by trading environment distribution gains and r
Slide 9: Q1 Performance by division - Blade Excellence
Q1 Performance by division - Blade Excellence in million euros Q1 2024 Q1 2025 Tangle Teezer High comparison strongly contributing base and challenging Net Sales 132.5 145.0 to growth in North market trends in Brazil America and Europe and Middle East and Africa Change as reported +6.2% +9.4% Change
Slide 10: 2025 Outlook
2025 Outlook Gonzalve Bich Chief Executive Officer 10
Slide 11: 2025 Outlook Update
2025 Outlook Update1 Full Year Net Sales now Adjusted EBIT Free Cash Flow expected to grow margin now expected to be between +0% and expected to be above €240 +3% at constant around 15.0%3 million currency2 1 This outlook does not reflect possible impacts from the fluid trading environment, particul
Slide 12: Appendix
Appendix 12
Slide 13: Q1 2025 Net Sales Breakdown
Q1 2025 Net Sales Breakdown By Category By Geography Human Expression 32% 35% 35% North America Europe Flame for Life 36% Blade Excellence 30% 18% Latin America 8% Middle 4% East & Africa Asia & Other Oceania products 2% 13
Slide 14: Operations by geography
Operations by geography €168M €167M +4.7%1 (14.8)%1 Europe North America €87M €18M (10.2)%1 €38M (7.0)%1 (7.6)%1 Asia & Latin America Middle Oceania East & Africa 1 on a constant currency basis 14
Slide 15: Q1 2025 Net Sales Main Exchange Rate Evolution vs Euro
Q1 2025 Net Sales Main Exchange Rate Evolution vs Euro Average rates % of sales % of change Q1 2024 Q1 2025 US Dollar 35% 1.09 1.05 3.1% Brazilian Real 10% 5.38 6.16 -12.7% Mexican Peso 5% 18.43 21.50 -14.2% Canadian Dollar 2% 1.46 1.51 -3.1% 1 Argentine Peso 2% 927.58 1,155.82 -19.7% Indian Rupee 2
Slide 16: Group Quarterly Figures
Group Quarterly Figures In million euros Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Net Sales 538.7 638.2 560.3 526.1 2,263.3 521.7 617.8 539.7 517.5 2,196.6 478.4 YoY change as reported +4.5% +4.4% (3.4) % (0.1) % +1.3% (3.2) % (3.2) % (3.7) % (1.6) % (2.9) % (8.3) % YoY chan
Slide 17: Group Quarterly Figures by Geography
Group Quarterly Figures by Geography In million euros Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Europe Net Sales 151.5 202.3 170.7 141.3 665.9 160.3 212.4 175.2 149.9 697.8 167.8 YoY change as reported +6.1% +9.3% +0.6% +1.6% +4.6% +5.8% +5.0% +2.6% +6.0% +4.8% +4.7% YoY chan
Slide 18: Human Expression Quarterly Figures
Human Expression Quarterly Figures In million euros Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Net Sales 177.5 282.9 214.7 170.9 845.9 173.8 278.7 199.6 161.7 813.9 153.1 YoY change as reported +5.4% +4.9% (4.7) % (2.7) % +0.8% (2.0) % (1.5) % (7.0) % (5.4) % (3.8) % (11.9) %
Slide 19: Flame For Life Quarterly Figures
Flame For Life Quarterly Figures In million euros Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Net Sales 228.5 205.8 200.1 217.1 851.5 207.1 195.0 191.5 216.2 809.8 171.7 YoY change as reported +0.9% (1.8) % (7.3) % (1.1) % (2.3) % (9.4) % (5.2) % (4.3) % (0.5) % (4.9) % (17.1)
Slide 20: Blade Excellence Quarterly Figures
Blade Excellence Quarterly Figures In million euros Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Net Sales 124.7 143.6 139.1 129.4 536.8 132.5 138.5 142.0 130.3 543.3 145.0 YoY change as reported +9.9% +13.3% +4.9% +4.4% +8.0% +6.2% (3.6) % +2.1% +0.6% +1.2% +9.4% YoY change on
Slide 21: Other Products Quarterly Figures
Other Products Quarterly Figures In million euros Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Net Sales 8.1 5.9 6.5 8.6 29.1 8.3 5.6 6.5 9.4 29.7 8.6 YoY change as reported +6.8% +13.2% +2.9% +14.6% +9.3% +2.3% (6.0) % +0.5% +9.1% +2.2% +4.6% YoY change on a comparative +7.4% +
Slide 22: Glossary
Glossary • Organic change or Comparative basis: At constant currencies and constant perimeter. Figures at constant perimeter exclude the impact of acquisitions and/or disposals that occurred during the current year and/or during the previous year, until their anniversary date. In 2025, BIC includes