Naturhouse Health Sa · BME:NTH
Naturhouse Health Sa — Q1 2016 Earnings Presentation
15 slides from Naturhouse Health Sa's earnings presentation, Apr 22, 2016
Slide 1: Q1 Results
B® NATUR HOUSE & Expertos en Nutricién y Dietética Experts in nutrition and weight management Q1 Results 22 April 2016
Slide 2: Disclaimer
Disclaimer This document has been prepared by NATURHOUSE HEALTH S.A. (“NATURHOUSE” or the “Company”) for its exclusive use during the presentations announcing the Company’s results for the first quarter of 2016. NATURHOUSE does not authorise its dissemination, publication or use by any other person,
Slide 3: Index
Index 1. Main Figures 2. Highlights 3. Profit & Loss Account 4. Sales by Country 5. EBITDA by Country 6. EBITDA Margin 7. Naturhouse Centres 8. Net Cash & Dividends 9. Balance Sheet 10. Conclusions 11. Price Sensitive Information Notes 3
Slide 4: Main Figures
Main Figures “Accelerated growth for the Group’s main figures” 2,160 stores open and 86% of 2015-16 guidance completed Growth in main figures, in spite of negative effect of Easter, which fell in April in 2015 Net cash position of €21.6m, +€6.6m vs end of 2015 Dividend approved at €0.0825/gross per
Slide 5: Highlights
Highlights Sales have increased by 2.5% to €24.85m, in spite of the negative effect of Easter, which took place in March vs 2015 when it was held in April. The effect is especially significant in Spain where Easter includes 4 bank holidays within the same calendar week vs 3 in other European count
Slide 6: Profit & Loss Account
Profit & Loss Account 1T15 1Q16 Growth (%) Total Sales 24,253 24,848 2.5% Procurements -7,026 -7,593 8.1% Gross profit 17,227 17,254 0.2% Gross profit margin 71.0% 69.4% Personnel -4,416 -4,344 -1.6% Other operating expenses -4,558 -4,356 -4.4% Other Income 294 314 6.8% EBITDA 8,548 8,868 3.7% EBITD
Slide 7: Sales
Sales Accelerated growth for the Group, thanks to France and Poland and improved performance from Italy and Spain France: As expected, France continues to be the Group’s growth driver Sales according to country Positive evolution of franchised stores and a fall in the sales of directly-owned store
Slide 8: EBITDA
EBITDA Improvement in EBITDA above sales, once again showing the company’s efforts to improve operational efficiency EBITDA according to country EBITDA contribution according to country -1% 1Q15 1Q16 Growth (%) 13% France 4,381 4,540 4% 50% France Spain 925 1,403 52% Spain Italy 2,344 1,835 -22% 20%
Slide 9: EBITDA Margin
EBITDA Margin The EBITDA margin once again improves, climbing to 35.7% vs 35.2 in 1Q15, remaining above the industry average and the upper threshold of the guidance for 2015-16 (30%-35%) EBITDA Margin according to country 42,9% 43,5% 40,8% 39,2% 37,0% 35,2% 35,2% 35,7% 31,9% 32,7% 29,9% 19,2% France
Slide 10: Naturhouse Centres
Naturhouse Centres 2,160 centres and 86% of guidance for 2015-16 completed +37 net openings in 1Q16, placing us increasingly close to fulfilling the guidance for 2015-16 We continue to grow thanks to the opening of new franchises (+40 vs -3 directly-owned stores) Breakdown of net openings: Total cen
Slide 11: Net Cash Position & Dividends
Net Cash Position & Dividends Our net cash position has increased by €6.7m to €21.6m, even though we have reduced our debt by €0.6m (-11.5%) Net cash position Dividends 25.675 21.602 15.087 14.940 14.050 10.880 11.600 8.100 7.338 2012 2013 2014 2015 2012 2013 2014 2015 1T16 Figures in thousands of e
Slide 12: Balance Sheet
Balance Sheet 2015 1Q16 Intangible assets 2,193 2,125 Property, plant & equipment 5,025 5,015 Non current financial assets 813 731 Investment in associated companies 3,140 3,454 Deferred tax assets 369 158 Non current Assets 11,540 11,483 Inventories 3,541 3,906 11.5% reduction in gross financial T
Slide 13: Conclusions
Conclusions Growth in the P&L account’s main figures Sales: +2.5%; €24.8m EBITDA: +3.7%; €8.9m EBITDA Margin: 35.7% vs 35.2 % at 1Q15 Net Income: +4%; €6m We are heading in the right direction in terms of recovering the Spanish and Italian markets Spain: Sales 2M16: +7.7% vs 2M15 and 1Q16: -2.5% vs
Slide 14: Price Sensitive Information Notes
Price Sensitive Information Notes Material Facts for the period 20 January 2015: Net openings, 2015 26 February 2016: Publication of 2015 results 26 February 2016: Publication of final dividend for 2015 26 February 2016: The company issues the Annual Corporate Governance Report for 2015 26 Fe
Slide 15: Contact
CONTACT María Pardo Martinez Investor Relations Manager Tel: +34 914323953 Email: accionista@naturhouse.com 15