Tcm Group As · OMXCOP:TCM

Tcm Group As — Q1 2020 Earnings Presentation

10 slides from Tcm Group As's earnings presentation, May 6, 2020

  1. Slide 1: TCM Group A/S Interim Report January-March 2020

    TCM Group A/S Interim Report January-March 2020 May 6, 2020

  2. Slide 2: Q1 in line with expectations

    Q1 in line with expectations Revenue 254 mDKK (250 mDKK) Cash conversion 1.8% 87.3% revenue growth (94.3%) NWC ratio EBIT -6.1% 30 mDKK (-7.3%) (31 mDKK) EBIT margin 11.7% (12.4%) 2

  3. Slide 3: Covid-19 status

    Covid-19 status  Limited impact on Q1 results  Too early to conclude on the future impact  Delayed impact  Flexible setup; able to adjust  Limited supply chain constraints  Safety precautions in place  Traffic goes online 3

  4. Slide 4: Business update Q1 2020

    Business update Q1 2020  Growth primarily driven by B2C market through the branded stores in Denmark and Norway  Relatively flat market in Denmark (pre Covid-19), in line with expectations  Number of branded stores increased to 68 (66). Furthermore, 20 dealers have converted stores into the Netto

  5. Slide 5: Financial highlights Q1

    Financial highlights Q1 Q1 2020  Net revenue 254 mDKK (250)  Revenue growth of 1.8%  EBITDA 35 mDKK (36)  EBITDA margin 13.8% (14.4%)  EBIT 30 mDKK (31)  EBIT margin 11.7% (12.4%) 5

  6. Slide 6: Q1 revenue growth driven by B2C market and export

    Q1 revenue growth driven by B2C market and export 2020 2019 Jan-Mar Jan-Mar Net revenue (mDKK) 254 250 - Organic growth 1.8% 1.5% growth Revenue: in DK revenue  Revenue growth in Denmark was +1.5%  Growth driven by B2C market  Revenue outside Denmark increased by 4.7% 4.7% increase  Revenue in b

  7. Slide 7: P&L highlights

    P&L highlights 2020 2019 Jan-Mar Jan-Mar Net revenue (mDKK) 254 250 - Gross Margin 25.7% 25.4% EBITDA (mDKK) 35 36 - EBITDA margin 13.8% 14.4% EBIT (mDKK) 30 31 - EBIT margin 11.7% 12.4% Q1 comments  Gross margin favourably affected by sales mix partly offset by efficiency loss due to Covid-19 safe

  8. Slide 8: NWC ratio slightly lower than Q1 LY

    NWC ratio slightly lower than Q1 LY 2020 2019 Mar Mar Net working capital (mDKK) -61 -68 NWC ratio -6.1% -7.3% NIBD (mDKK) 77 139 Leverage (x EBITDA) 0.4 0.9 Q1 comments  NWC impacted by higher inventories, which was impacted by higher buffer stock to ensure high delivery assurance with regards to

  9. Slide 9: High cash conversion continued

    High cash conversion continued 2020 2019 Jan-Mar Jan-Mar Operating profit (mDKK) 30 31 Depreciation and amortization (mDKK) 5 5 Change in NWC (mDKK) -48 -26 Tax a.o (mDKK) -6 -5 Capex excl. acquisitions (mDKK) -4 -2 Operating cash flow excl. acquisitions -22 2 (mDKK) Cash conversion 87.3% 94.3% Cape

  10. Slide 10: Q&A

    Q&A

TCM Group — Q1 2020 Earnings Presentation on 6ix