Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Fabryki Mebli Forte — Q3 2022 Earnings Presentation
20 slides from Grupa Forte Spolka's earnings presentation, Oct 27, 2022
Slide 1: Preliminary results after QIII 2022
FABRYKI MEBLI FORTE SA Preliminary results after QIII 2022 | 27.10.2022
Slide 2: Monthly order inflow in thousands of packages
MONTHLY ORDER INFLOW IN THOUSANDS OF PACKAGES Thousands of packages 1 300 1 231 1 200 1 100 1 000 900 800 767 700 600 553 500 483 400 300 200 100 0 Month Miesiąc January styczeń February luty March marzec April kwiecień May maj June czerwiec July lipiec August sierpień September wrzesień 2019 2020 2
Slide 3: Tanne ['000 m3] Q3
TANNE [’000 M3] Q3 140 140 130 120 120 108 100 100 80 80 59 58 60 56 60 40 40 28 20 20 0 0 Q1'22 Q2'22 Q3'22 Production Produkcja External na Sprzedaż sales zewnątrz 3
Slide 4: Tanne ['000 m3] 9M
TANNE [’000 M3] 9M 360 360 343 320 320 295 280 268 280 240 240 200 200 160 143 160 120 129 120 83 80 80 40 40 0 0 9M'20 9M'21 9M'22 Production Produkcja Externalna Sprzedaż sales zewnątrz 4
Slide 5: July – September Q3
JULY – SEPTEMBER Q3 ACTUAL 2022 ACTUAL 2021 ACTUAL 2020 CHANGE 21/20 GROSS SALES 250,6 MPLN 339,8 MPLN 347,0 MPLN -89,2 / -96,4 MPLN Tanne ext: 40,9 MPLN Tanne ext: 50,4 MPLN Tanne ext: 17,2 MPLN Thousands of packages: 1.874 (+66% vs ’22) Thousands of packages: Price /collie: - 19,6 % vs ’22 2.230 (
Slide 6: January – September 9M
JANUARY – SEPTEMBER 9M ACTUAL 2022 ACTUAL 2021 ACTUAL 2020 CHANGE 21/20 GROSS SALES 939,3 MPLN 948,4 MPLN 777,8 MPLN -9,1 / 161,5 MPLN Tanne ext: 194,8 MPLN Tanne ext: 115,0 MPLN Tanne ext: 42,0 MPLN Thousands of packages: 5.492 ( +25% vs ’22) Thousands of packages: Price /collie: - 11,7% vs ’22 5.0
Slide 7: Debt ratio [MPLN]
DEPT RATIO [MPLN] 600 3,4 3,5 3,3 500 3 2,5 400 2 300 1,5 200 1 100 0,5 0 0 Zadłużenie Finansowe Financial dept Wskaźnik Dept ratiozadłużenia 7
Slide 8: History
1992 7 MPLN 1993 69 8 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 2013 666 72 2014 822 94 2015 954
Slide 9: History
1992 7 MPLN 1993 69 9 1994 156 3 1995 223 9 HISTORY 1996 278 16 FORMALDEHYD FORMALDEHYDE 348 1992/1993 1997 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 4
Slide 10: History
1992 7 MPLN 1993 69 10 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 GPW 1996 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 2013 666 72 2014 822 94
Slide 11: History
1992 7 MPLN 1993 69 11 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 348 RUSSIAN CRISIS 2003 25 1999-2002 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 2013 66
Slide 12: History
1992 7 MPLN 1993 69 12 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue CRISIS BOARD 2006 439 4 2006 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 2013 666 72 20
Slide 13: History
1992 7 MPLN 1993 69 13 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 FINANCIAL CRISIS 2007 485 2 2008/2009 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 2013
Slide 14: History
1992 7 MPLN 1993 69 14 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2011 UKRAINE, 2009 502 44 2010 469 CHANGE OF STRATEGY. 39 CONCENTRATION IN EUROP
Slide 15: History
1992 7 MPLN 1993 69 15 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2016 2011 527 48 2012 561 42 DECISION TO INVEST IN A PAR
Slide 16: History
1992 7 MPLN 1993 69 16 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 666 2018 2013 72 FACTORY 2014 82
Slide 17: History
1992 7 MPLN 1993 69 17 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 2013 666 72 2014 822 94 2015 954
Slide 18: History
1992 7 MPLN 1993 69 18 1994 156 3 1995 223 9 HISTORY 1996 278 16 1997 348 23 1998 353 7 1999 342 5 2000 389 2001 332 2002 324 14 2003 348 25 2004 398 28 2005 405 Przychód 13 Revenue 2006 439 4 2007 485 2 2008 478 9 EBIT 2009 502 44 2010 469 39 2011 527 48 2012 561 42 2013 666 72 2014 822 94 2015 954
Slide 19: Strong foundation and effective operation
STRONG FOUNDATION AND EFFECTIVE OPERATION 1 2 3 development of reduction of costs and Own board upholstery expenses 4 5 diversification of sales deeper cooperation with markets clients 19
Slide 20: Together we create furniture history
TOGETHER we create furniture history