Slide 1: Q1 2019 Trading Update
Q1 2019 Trading Update May 8, 2019
Slide 2: Forward-looking statements
Forward-looking statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, Ontex’s future results of operations, financial conditi
Slide 3: Table of contents
Table of contents Highlights 04 Q1 2019 Trading review 06 Outlook 13 Q&A 16 Appendix 17 Confidential 3
Slide 4: Highlights
Highlights
Slide 5: Q1 2019 highlights
Q1 2019 highlights Resilient performance in a challenging environment Q1 2019 Group LFL revenue of €550 million, down 1.5% • Improved pricing and mix, lower volumes -1.5% • Revenue growth of Ontex local brands LFL • Reported revenue: €546 million Adjusted EBITDA of €61.5 million at constant currency
Slide 6: Q1 2019 Trading review
a Ontex Q1 2019 Trading review
Slide 7: Positive pricing and mix, lower volumes
Positive pricing and mix, lower volumes LFL evolution in line with expectations Group revenue review Sales bridge Q1 2019 (€m) 558 +2.9% 550 546 • LFL revenue -1.5% in Q1 2019 -0.6% -4.4% • Top-line drivers • Positive price/mix across all Divisions and categories • Solid LFL growth in Adult Inco • D
Slide 8: Category review
Category review Solid growth of Adult Inco • Babycare LFL revenue -3.2% LFL sales growth • Baby pants outperformed diapers; majority of own % Q1 reported 57% 32% 10% group sales1 brands had higher revenue • Baby diaper revenue lower as branded baby diapers grew, retailer brand diapers decreased • Ad
Slide 9: Europe: Positive price/mix, lower volumes
Europe: Positive price/mix, lower volumes Europe (43% of Group revenue) • LFL revenue -6.7% LFL revenue (€m) and evolution • Improved price/mix in all categories • Lower volume following retailer brand contract losses, as previously disclosed 253.0 -6.7% 236.0 • Category review • Solid revenue growt
Slide 10: Americas, Middle East, Africa and Asia: Solid start to the year
Americas, Middle East, Africa and Asia: Solid start to the year AMEAA (37% of Group revenue) • LFL revenue +5.7% LFL revenue (€m) and evolution • Broad-based growth across majority of markets and all categories • Americas revenue growth due to higher volumes and +5.7% 202.8 improved price/mix 191.9
Slide 11: Healthcare: Resilient revenue versus very strong comparable
Healthcare: Resilient revenue versus very strong comparable Healthcare (20% of Group revenue) • LFL revenue -2.1% LFL revenue (€m) and evolution • Resilient performance compared to very strong +6% LFL in Q1 2018 • Volumes decreased as expected, primarily due to pricing 113.2 110.7 -2.1% discipline •
Slide 12: Adjusted EBITDA margin
Adjusted EBITDA margin Strong contribution from price/mix and savings • Adjusted EBITDA margin 11.2%* at constant currency Adjusted EBITDA margin bridge (% and bps) • Solid price/mix outweighed volume decrease • Strong capture of savings +132bps 11.6% +177bps • Investment in brands and innovation 11
Slide 13: Outlook
Outlook
Slide 14: Outlook
Outlook For 2019, we anticipate continued, but stabilizing, raw material and FX headwinds. Pricing, mix improvement and cost savings actions should attain their full effect in the second half of the year. In this context, Ontex expects: • Broadly stable sales at constant FX, with top-line growth in
Slide 15: Investor Update event - May 8, 2019
Investor Update event - May 8, 2019 • Management will host an Investor Update for investors and analysts on May 8, 2019 at 10:30am GMT/11:30am CET • The Investor Update will also be webcast and can be accessed through the following link: https://channel.royalcast.com/webcast/ontexgroup/20190508_3/ C
Slide 16: Q&A
Ontex~ tex Q&A
Slide 17: Appendix
Appendix
Slide 18: Performance overview for Q1 2019
Performance overview for Q1 2019 % as In millions of Euro Q1 2019 Q1 2018 % LFL reported Per Division Europe 233.7 253.0 -7.6% -6.7% Americas, Middle East, Africa and Asia 201.6 191.9 5.1% 5.7% Healthcare 110.9 113.2 -2.0% -2.1% Per Category Babycare 311.4 321.8 -3.2% -3.2% Femcare 54.2 57.6 -5.9% -
Slide 19: Alternative Performance Measures
Alternative Performance Measures The following alternative performance measures (non-GAAP) have been included in this presentation since management believes that they are widely used by certain investors, securities analysts and other interested parties as supplemental measures of performance and li
Slide 20: Thank you
Thank you