Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Q1 2020 Earnings Presentation
11 slides from Belysse Group NV's earnings presentation, 2020
Slide 1: Q1 2020 Results
Q1 2020 Results Confidential
Slide 2: Disclaimer
Disclaimer In considering any performance information contained herein, you should bear in mind that past or projected performance is not necessarily indicative of future results, and there can be no assurance that any entity referenced herein will achieve comparable results or that illustrative ret
Slide 3: Introduction
Introduction Cyrille Ragoucy CEO Chairman of the Board Q1 2020 Headlines and COVID-19 Update Jan-Christian Werner CFO Financial Review and NEXT Update 3
Slide 4: COVID-19 Update
COVID-19 Update We achieved 15.7% increase in Adjusted EBITDA in the first two months of 2020 YoY, driven by strong margin improvement from NEXT initiatives. Adjusted EBITDA margin in that same period increased from 8.5% to 10.2%. Revenues decreased by more than 29% during March 2020 compared to Mar
Slide 5: Q1 2020 Financial Summary
Q1 2020 Financial Summary (13.6%) organic (13.0%) • Q1 2020 Consolidated revenue of €159.7m YoY sales growth • Solid top-line growth in Commercial (+2.0%), while decline in (consolidated) Residential (-14.3%) and Rugs (-25.0%) +0.6% FX impact (3.2%) organic • Q1 2020 Consolidated Adjusted EBITDA of
Slide 6: Group Q1 2020 Revenue Performance
Group Q1 2020 Revenue Performance €m Q1 Growth (€m) Q1 Growth (%) Organic -€24.9m -13.6% FX Impact +€1.1m +0.6% -25.0% +2.0% -14.3% -9.5% Reported -€23.8m -13.0% • Rugs performance was lower QoQ versus an exceptionally strong first quarter 2019, combined with lower than expected sales in parts of Eu
Slide 7: Group Q1 2020 Adjusted EBITDA and Margins
Group Q1 2020 Adjusted EBITDA and Margins Adj. EBITDA margin (%) 9.5% 10.7% Q1 Q1 % €m 2019 2020 Change €m Rugs 6,2 4,3 (31,1)% Commercial 7,7 8,2 5,7% Residential 3,3 4,1 25,3% -3.2% +1.0% Non-Woven 0,3 0,5 109,2% Consolidated 17,5 17,1 (2,2)% -2.2% Adjusted EBITDA • Rugs significantly impacted by
Slide 8: NEXT Commercial Update – Q1 2020
NEXT Commercial Update – Q1 2020 The full year expectations for NEXT will be negatively affected by the impacts of COVID-19 on our business Q1 2020A Key Drivers (vs 2019A) Additional Sales1 Total Additional Sales1 1 Balta e-commerce + €0.5m + €7.5m New Segment Revenue 2 + €2m Direct route to market
Slide 9: NEXT Lean and Procurement Update – Q1 2020
NEXT Lean and Procurement Update – Q1 2020 The full year expectations for NEXT will be negatively affected by the impacts of COVID-19 on our business Lean Procurement • Savings as of end February ahead of • Savings end of March well ahead of target target, despite lower volumes impact of Financial I
Slide 10: Leverage of 4.3x Excluding IFRS 16
Leverage of 4.3x Excluding IFRS 16 €m 4.3x 4.0x 3.9x 3.6x 3.7x 10
Slide 11: Q&A Session
Q&A Session 11