Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Grupa Forte — Q1 2015 Earnings Presentation
13 slides from Grupa Forte Spolka's earnings presentation, May 14, 2015
Slide 1: Financial Results for 1st Quarter 2015
E Financial Results for 1st Quarter 2015 Warsaw, 14 May 2015
Slide 2: 850,000 pieces of furniture sold
850.000 pieces of furniture sold | Turnover 255 million PLN —- 20,6 % more than in the 1st Quarter 2014 EBITDA Margin: 14,5% Proposed Dividend: 2 PLN per share (around 3,5 % p. a. yield) - Investment projects developing according to plan FABRYKI MEBLI nFORTE” S.A.
Slide 3: Sales Revenue 1st Quarter
Sales Revenue 1st Quarter 000 PLN 2012 2013 2014 2015 FABRYKI MEBLI nFORTE” S.A.
Slide 4: Revenues from sales, gross profit on sales, EBITDA margin
1 000 PLN Q1 2012 Q1 2013 '13/'12 Q1 2014 '14/'13 Q1 2015 '15/'14 Revenues from sales 147 025 156 537 6,5% 212 043 35,5% 255 770 20,6% Gross profit on sales 47 490 54 003 13,7% 80 750 49,5% 94 021 16,4% Gross margin 32,3% 34,5% 2,2% 38,1% 3,6% 36,8% -1,3% Sales costs -29 360 -29 759 1,4% -43 734 47,
Slide 5: Net profit Q1
Net profit Q 1 000 PLN 2012 2013 2014 2015 FABRYKI MEBLI nFORTE” S.A.
Slide 6: Sales Revenue and Net profit margin
Sales Revenue Net profit Margin Q 1 2015 000 PLN 11% 9% 10% 6% 147025) 156537, 212.043 2012 2013 2014 lm Sales revenues (TSD PLN) = =l=Net result /Sales revenues FABRYKI MEBLI nFORTE” S.A.
Slide 7: Current Ratio, Quick Ratio, Debt ratio
Current Ratio Quick Ratio Debt ratio
Slide 8: Geographical structure of sales
Geographical structure of sales FORTE Q1 2015 m= German - speaking Europe = Western Europe = Poland = Central and Eastern Europe 17% 14% 61% FABRYK! MEBLI nFORTE” S.A.
Slide 9: Seasonality of sales
Seasonality of sales 000 EUR 25 000 20 000 15 000 10 000 5 000 FABRYKI MEBLI nFORTE” S.A. ee 2012 =e2013 emm2014 amme2015 11 12
Slide 10: Investment Projects 2015
Investment Projects 2015 The construction of a new High Rack Warehouse – strong increase of our dispatch capabilities – cost: 8,5 million EUR – end of August 2015 Purchase and Installation of additional production lines - increasing production capacity to more than 7,5 million furniture packs – begi
Slide 11: Targets 2015/2016
Targets 2015/2016 e Increasing the annual production capacity to 4 million pieces of furniture — ST — a e Increasing FORTE’s turnover to more than EUR 250 million —_—- e Ooo LLL ¢ Maintaining EBITDA at above 13% of sales Ve: \_\\VQXTrrrrr ¢ Further improvement and integration of logistic processes —
Slide 12: Strategic Objectives
Strategic Objectives Shareholders ¥ Regular Dividend Payments ¢ PLNO,75 per share for 2011 ¢ PLNO,75 per share for 2012 ¢ PLN 0,95 per share for 2012 ¢ PLN 1,50 per share for 2013 PLN 2,00 per share for 2014 Y, Active and transparent shareholder relations Financial Strength Conservative balance shee
Slide 13: www.forte.com.pl
E www forte.com.pl FABRYKI MEBLI ,FORTE” S.A.