Grupa Forte Spolka S.a. · GPW:FTE

Grupa Forte Spolka — Grupa Forte — Q4 2019 Earnings Presentation

14 slides from Grupa Forte Spolka's earnings presentation, Apr 17, 2020

  1. Slide 1: Consolidated Financial Results for IVQ 2019

    CONSOLIDATED FINANCIAL RESULTS FOR IVQ 2019 17 APRIL 2020

  2. Slide 2: Financial Results I-IV Q 2019

    1 FINANCIAL RESULTS I-IV Q 2019 We 12,0% 3,0 % © A SOLD ITEMS OF FURNITURE TURNOVER EBITDA MARGE NET PROFITABILITY

  3. Slide 3: Western and Northern Europe, Poland, Central and South Europe, DACH

    WESTERN AND NORTHERN EUROPE POLAND CENTRAL AND SOUTH EUROPE GERMAN-SPEAKING EUROPE (DACH)

  4. Slide 4: Sales Revenue I-IV Q 2019

    SALES REVENUE I-IV Q 2019 ‘000 PLN +14% 41% +1% +6% +16% + 23% +19% 560531| |666 365) (822 414] |954 275] |1 090 294//1 096 230||1 107 298||1 176 618 2012 2013 2014 2015 2016 2017 2018 2019 *including sale of chipboard TANNE HIV Q 2019 58 351

  5. Slide 5: Furniture Sale in M PLN

    FURNITURE SALE IN M PLN 330,0 5,4% 12,7% 310,0 01% 290,0 =2;8' 270,0 bow ~6,3% ‘oO - 250,0 -1,6% 0,3% 230,0 210,0 190,0 170,0 150,0 1Q 1Q Q VQ m2017 m2018 m2019

  6. Slide 6: Net Profit I-IV Q 2019

    NET PROFIT FIV Q 2019 ‘000 PLN + 31% +12% + 30% -30% + 65% -56% +2% 35 034) |57920) |75152| |84 373) |110 385] |77 445| |34 454) |35 308 * 2012 2013 2014 2015 2016 2017 2018 2019" * 2018 does not include reclassification in deferred tax ** Includes one-off events of 12 MPLN (recycling fees'18, runwa

  7. Slide 7: IVQ 2019 Income Statement Summary

    IVQ 2018 IVQ 2019 T PLN IVQ 2017 IVQ 2018 IVQ 2019 vs IVQ 2017 vs IVQ 2018 Sales revenue 292 226 297 460 1,8% 337 406 13,4% Gross profit on sales 101 798 97 739 -4,0% 129 789 32,8% Gross margin 34,8% 32,9% -2,0% 38,5% 5,6% Cost of sales 65 712 64 365 -2,0% 70 605 9,7% As % of sales 22,5% 21,6% -0,8%

  8. Slide 8: I-IVQ 2019 Income Statement Summary

    I-IVQ 2018 I-IVQ 2019 T PLN I-IVQ 2017 I-IVQ 2018 I-IVQ 2019 vs I-IVQ 2017 vs I-IVQ 2018 Sales revenue 1 096 230 1 107 298 1,0% 1 176 618 6,3% Gross profit on sales 396 835 370 506 -6,6% 423 412 14,3% Gross margin 36,2% 33,5% -2,7% 36,0% 2,5% Cost of sales 238 929 238 568 -0,2% 260 763 9,3% As % of

  9. Slide 9: 0 000 01 02 03 04 05 06 07 08 09 10 11 12

    1 000 000 900 000 800 000 700 000 600 000 500 000 400 000 300 000 01 02 03 04 05 06 07 08 09 10 11 12 2017 2018 2019

  10. Slide 10: Financial Indicators

    1 . FINANCIAL INDICATORS roe 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019 3Q2019 4Q2019 Net financial debt/ EBITDA 5,6 5,5 5,3 4,6 4,5* 4,2* 3,0* Return on equity - ROE 1,3% 3,5% 5,6% 2,2% 2,6% 2,9% 4,5% * after including the "one off" agreed with the Banks

  11. Slide 11: Forte - Investments in Fixed Assets I-IVQ 2019

    1 FORTE - INVESTMENTS IN FIXED ASSETS I-IVQ 2019 11,7 M PLN 11,5 M PLN & "Z FORTE INVESTMENTS TANNE INVESTMENT

  12. Slide 12: Sales YTD March 2020

    YTD MARCH MPLN SALES EBIT EBITDA DEBT RATIO 15,9 23,4 5,4 2019 319,5 24,4 38,4 4,6 2020 3,4 '20/'19 -14% +11,9% +7,8%

  13. Slide 13: Sales March 2020

    MARCH MPLN SALES EBIT EBITDA 6,2 8,7 2019 113,9 11,5 16,4 2020 '20/'19 -42% - 95% - 68%

  14. Slide 14: Thank You for Your Attention

    THANK YOU FOR YOUR ATTENTION

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