Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Grupa Forte — Q3 2016 Earnings Presentation
21 slides from Grupa Forte Spolka's earnings presentation, Nov 15, 2016
Slide 1: Financial Results 3rd Quarter 2016
FINANCIAL RESULTS 3RD QUARTER 2016 Warsaw 15 November 2016
Slide 2: I-III Q2016
I-III Q2016 We sold 2.9 m pcs of furniture Turnover PLN 785 m 17 % MORE THAN IN I-III Q2015 EBITDA margin 15.3 % Net profit margin 10.5 % 16 % MORE THAN IN I-III Q2015
Slide 3: Sales Revenue in I-IIIQ
SALES REVENUE IN I-IIIQ T PLN 900 000 + 17% + 13% 800 000 700 000 + 26% 600 000 500 000 + 17% 400 000 300 000 200 000 100 000 400 670 469 887 591 964 670 850 785 474 0 2012 2013 2014 2015 2016
Slide 4: Net Profit in I-IIIQ
NET PROFIT IN I-IIIQ T PLN 90 000 + 36% 80 000 70 000 + 9% 60 000 + 42% 50 000 40 000 + 62% 30 000 20 000 10 000 24 133 39 128 55 683 60 460 82 310 0 2012 2013 2014 2015 2016
Slide 5: Financial Data I-IIIQ
FINANCIAL DATA I-IIIQ I-III Q2015 I-III Q2016 T PLN I-III Q 2014 I-III Q 2015 I-III Q 2016 vs I-III Q2014 vs I-III Q2015 Sales revenue 591 964 670 850 13,3% 785 474 17,1% Gross profit on sales 213 551 239 260 12,0% 302 178 26,3% Gross margin 36,1% 35,7% -1,1% 38,5% 7,9% Cost of sales 118 364 141 682
Slide 6: Financial Data – Q3 Comparative Data
FINANCIAL DATA – Q3 COMPARATIVE DATA III Q2015 III Q2016 T PLN III Q2014 III Q2015 III Q2016 vs III Q2014 vs III Q2015 Sales revenue 189 172 224 158 18,5% 244 991 9,3% Gross profit on sales 64 713 79 861 23,4% 92 982 16,4% Gross margin 34,2% 35,6% 4,1% 38,0% 6,5% Cost of sales 37 531 47 576 26,8% 47
Slide 7: EUR/PLN Average Exchange Rate
EUR/PLN AVERAGE EXCHANGE RATE 4,5000 4,4000 4,3000 4,2000 4,1000 4,0000 3,9000 3,8000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2015 2016 7
Slide 8: Average Cost of the Raw Chipboard
AVERAGE COST OF THE RAW CHIPBOARD 102% 100% 98% 96% 94% 92% 90% 88% 86% 84% 82% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2015 2016 Base: January 2015
Slide 9: Financial Indicators
FINANCIAL INDICATORS I - IIIQ I - IIIQ 2012 2013 2014 2015 2016 Current ratio 2,66 3,21 3,17 2,63 3,09 Quick ratio 1,52 2,00 1,85 1,49 2,23 Debt ratio 0,28 0,31 0,34 0,33 0,41 ROE 10% 15% 18% 13% 15% 9
Slide 10: Geographical Structure of Sales in I-III Q2016
GEOGRAPHICAL STRUCTURE OF SALES IN I-III Q2016 9,8% Central, South and Eastern Europe 17,6% 53,0% German-speaking Europe Poland (DACH) 19,6% Western and Northern Europe 10
Slide 11: Strategic Production Capacity Development Plan Until 2021
STRATEGIC PRODUCTION CAPACITY DEVELOPMENT PLAN UNTIL 2021 BUILDING OUR OWN CHIPBOARD FACTORY BUILDING THE FIFTH FURNITURE FACTORY EXPANSION OF WAREHOUSE CAPACITY INVESTMENT COST: PLN 320 M INVESTMENT COST: PLN 250 M INVESTMENT COST: PLN 50 M LAUNCH DATE: 1 Q 2018 LAUNCH DATE: 1 Q 2019 LAUNCH DATE: G
Slide 12: New Investment in the Suwałki Special Economic Zone
NEW INVESTMENT IN THE SUWALKI SPECIAL ECONOMIC ZONE
Slide 13: New Investment - Warehouse
NEW INVESTMENT - WAREHOUSE Launch date 2017 Employment 150 people
Slide 14: New Investment - Chipboard Production Department
NEW INVESTMENT - CHIPBOARD PRODUCTION DEPARTMENT Launch date 2018 Employment 150 people
Slide 15: New Investment - Furniture Factory
NEW INVESTMENT - FURNITURE FACTORY Launch date 2019 Employment 700 people
Slide 16: Total Cost of All Investments
NEW INVESTMENT TOTAL COST OF ALL INVESTMENTS
Slide 17: Forte's Annual Contributions to the Budget of Suwałki - Today
FORTE’S ANNUAL CONTRIBUTIONS TO THE BUDGET OF SUWAŁKI - TODAY PIT PLN 3 million CIT PLN 2 million PROPERTY TAX PLN 2 million ANUALLY PLN 7 million
Slide 18: Planned Annual Contributions to the Budget of Suwałki
NEW INVESTMENT Planned annual contributions to the budget of Suwałki in respect of the new FORTE investment: PIT - ca. PLN 4 million a year CIT - ca. PLN 2 million a year Property taxes - ca. PLN 4 million a year Annually PLN 10 million
Slide 19: Forte Group in Suwałki – Employment
FORTE GROUP IN SUWAŁKI – EMPLOYMENT 2016 Number of employees: 845 people 2020 Number of employees: 1 800 people
Slide 20: Benefits of the Investment
BENEFITS OF THE INVESTMENT We will create 1000 different jobs We will make a significant contribution to the city budget We will contribute to the improvement of infrastructure, transportation and the connection of utilities We support and will always support vocational and higher education We will
Slide 21: Thank You for Your Attention
THANK YOU FOR YOUR E ATTENTION