Elior Group Sa · EURONEXT:ELIOR

Elior Group Sa — H1 2015-2016 Earnings Presentation

26 slides from Elior Group Sa's earnings presentation, May 27, 2016

  1. Slide 1: Elior Group H1 2015-2016 Results

    H1 2015-2016 results ELIOR GROUP H1 2015-2016 RESULTS Philippe Salle - Chairman and CEO Olivier Dubois - CFO May 27, 2016

  2. Slide 2: Disclaimer

    DISCLAIMER This document was prepared by Elior Group for the sole purpose of this presentation. This presentation includes only summary information and does not purport to be comprehensive. The information contained in this document has not been independently verified. No representation or warranty,

  3. Slide 3: Agenda

    AGENDA 1 2 3 H1 2015-2016 H1 2015-2016 CONTRACT CATERING & ACHIEVEMENTS FINANCIAL PERFORMANCE SERVICES 4 5 6 CONCESSION CATERING OUTLOOK CONCLUSION AND Q&A 05/27/2016 3 Elior Group

  4. Slide 4: H1 2015-2016 Achievements

    1 H1 2015-2016 ACHIEVEMENTS PHILIPPE SALLE Group Chairman and CEO 05/27/2016 Elior Group

  5. Slide 5: H1 2015-2016 Highlights

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A H1 2015-2016 HIGHLIGHTS • Organic growth revenue: +3.4% before impact of voluntary contract exits • EBITDA margin up 20 bps to 7.4% • Adjusted EPS up 32

  6. Slide 6: Tsubaki Roadmap: 8 Projects

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A TSUBAKI ROADMAP: 8 PROJECTS GROWTH FOCUS 1 2 SALES MARKETING EFFECTIVENESS & (BtoB) PRICING 8 (BtoC) 3 OPERATIONAL DIGITAL EXCELLENCE EXPERIENCE QUALITY

  7. Slide 7: Acceleration of Tsubaki Deployment

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A ACCELERATION OF TSUBAKI DEPLOYMENT TSUBAKI 3 TSUBAKI 4 TSUBAKI 5 DIGITAL EXPERIENCE PURCHASING PORTFOLIO REVIEW Sponsoring of Seeds & Purchasing diagnos

  8. Slide 8: H1 2015-2016 Financial Performance

    2 H1 2015-2016 FINANCIAL PERFORMANCE OLIVIER DUBOIS Group CFO 05/27/2016 8 Elior Group

  9. Slide 9: Revenue Analysis

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A REVENUE ANALYSIS organic growth excl. impact of GROUP REVENUE (€m) voluntary voluntary H1 2014- contract contract perimeter H1 2015- 2015 exits exits ef

  10. Slide 10: EBITDA Analysis

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A EBITDA ANALYSIS GROUP EBITDA (€m) GROUP EBITDA MARGIN (%) 216 +5.8% 204 37 +20 bps 29 180 184 7.4% 7.2% (4) (5) H1 2014-2015 H1 2015-206 H1 2014-2015 H1

  11. Slide 11: Profit & Loss Account Analysis

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A PROFIT & LOSS ACCOUNT ANALYSIS H1 H1 €m YoY CHANGE 2015-2016 2014-2015 EBITDA 216 204 +5.8% EBITDA margin 7.4% 7.2% +20 bps EBITA 141 127 +11.0% Restruc

  12. Slide 12: Non-Recurring Items

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A NON-RECURRING ITEMS (excl. M&A costs) • Acceleration in Q2 of actions associated with the implementation of the Tsubaki transformation plan (restructuri

  13. Slide 13: Free Cash Flow Analysis

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A FREE CASH FLOW ANALYSIS H1 H1 €m YOY CHANGE 2015-2016 2014-2015 EBITDA 216 204 +5.8% Change in WCR (117) (122) +€5m Net Capex (86) (90) +€4m Non-recurri

  14. Slide 14: Net Debt Analysis

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A NET DEBT ANALYSIS (€m) net debt as at net debt as at 09/30/2015 FCF financial costs net acquisitions other 03/31/2016 (1,452) Leverage ratio: 3.04x EBIT

  15. Slide 15: Contract Catering & Services

    3 CONTRACT CATERING & SERVICES PHILIPPE SALLE Group Chairman and CEO 05/27/2016 15 Elior Group

  16. Slide 16: H1 2015-2016 Highlights

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A H1 2015-2016 HIGHLIGHTS ACQUISITION QUALITY RECOGNITION OPERATIONS & CONCEPTS • Preferred meals, US-based • Innovation award for Beak • New meal deliver

  17. Slide 17: Financial Performance (1/2)

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A FINANCIAL PERFORMANCE (1/2) • Strong organic growth at 2.9% before voluntary contract exits • (2.3)% impact of voluntary contract exits, notably in Ital

  18. Slide 18: Financial Performance (2/2)

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A FINANCIAL PERFORMANCE (2/2) H1 H1 REPORTED ORGANIC €m 2015-2016 2014-2015 GROWTH GROWTH Revenues 2,200 2,104 +4.6% +0.6% o/w France 1,137 1,124 +1.1% +1

  19. Slide 19: Concession Catering

    4 CONCESSION CATERING PHILIPPE SALLE Group Chairman and CEO 05/27/2016 19 Elior Group

  20. Slide 20: H1 2015-2016 Highlights

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A H1 2015-2016 HIGHLIGHTS ACQUISITION PORTFOLIO REVIEW OPERATIONS/CONTRACTS • Exclusive negotiations with • Disposal of highway retail • Reorganization of

  21. Slide 21: Financial Performance (1/2)

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A FINANCIAL PERFORMANCE (1/2) • Acceleration of organic growth in Q2 • EBITDA growing faster than revenues • France performance affected by the transfer o

  22. Slide 22: Financial Performance (2/2)

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A FINANCIAL PERFORMANCE (2/2) H1 H1 REPORTED ORGANIC €m 2015-2016 2014-2015 GROWTH GROWTH Revenues 720 719 +0.2% +4.2% o/w France 287 313 (8.3)% (3.2)% o/

  23. Slide 23: Outlook

    5 OUTLOOK PHILIPPE SALLE OLIVIER DUBOIS Group Chairman and CEO Group CFO 05/27/2016 23 Elior Group

  24. Slide 24: 2016 Ambitions

    1. H1 2015-2016 ACHIEVEMENTS 2. GROUP FINANCIAL PERFORMANCE 3. CONTRACT CATERING & SERVICES 4. CONCESSION CATERING 5. OUTLOOK 6. CONCLUSION AND Q&A 2016 AMBITIONS REVENUES EBITDA MARGIN RATIO EPS and ADJUSTED EPS** Organic growth* at or At least +20 bps vs. Strong growth above 3% excluding FY 2014-2

  25. Slide 25: Conclusion and Q&A

    6 CONCLUSION and Q&A PHILIPPE SALLE OLIVIER DUBOIS Group Chairman and CEO Group CFO 05/27/2016 25 Elior Group

  26. Slide 26: Elior Group

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