Tcm Group As · OMXCOP:TCM

Tcm Group As — Q3 2018 Earnings Presentation

10 slides from Tcm Group As's earnings presentation, Nov 7, 2018

  1. Slide 1: TCM Group A/S Interim Report January-September 2018

    TCM Group A/S Interim Report January-September 2018 November 7, 2018

  2. Slide 2: Continued strong financial performance in Q3 2018

    Continued strong financial performance in Q3 2018 10% organic growth Revenue Adjusted EBITA 202 mDKK 33 mDKK (185 mDKK) (28mDKK) Adj. EBITA NWC ratio margin -6.4% 16.1% (-6.3%) (15.3%) Cash conversion 99% (109%) 2

  3. Slide 3: Business review Q3 2018

    Business review Q3 2018  Positive Danish market development in Q3 2018, but TCM Group continued to gain market share with organic growth in Denmark of 12%  Continued momentum regarding new branded stores in Denmark and Norway  Strong pipeline going into Q4  Outlook for full year 2018 unchanged 

  4. Slide 4: Financial highlights Q3

    Financial highlights Q3 Q3 2018  Net revenue 202 mDKK (185)  Organic growth of 10%  Adjusted EBITA 33 mDKK (28)  Adjusted EBITA margin 16.1% (15.3%) YTD Q3 2018  Net revenue 648 mDKK (602)  Organic growth of 8%  Adjusted EBITA 102 mDKK (83)  Adjusted EBITA margin 15.7% (13.9%)  NWC ratio -6

  5. Slide 5: Revenue growth continued

    Revenue growth continued 2018 2017 2018 2017 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Net revenue (mDKK) 202 185 648 602 - Organic growth 10% 8% Q3 comments 12% growth in DK in Q2  Organic growth continued in Q3  Growth in Denmark of 12% in Q3 No. of branded  Growth primarily within B2B stores to increase

  6. Slide 6: EBITA margin (adjusted) continued to improve

    EBITA margin (adjusted) continued to improve 2018 2017 2018 2017 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Net revenue (mDKK) 202 185 648 602 - Gross Margin 29.6% 28.5% 28.5% 27.2% Adjusted EBITA (mDKK) 33 28 102 83 - Adj. EBITA margin 16.1% 15.3% 15.7% 13.9% EBIT (mDKK) 31 8 94 56 - EBIT margin 15.1% 4.5% 14

  7. Slide 7: NWC ratio on par with last year

    NWC ratio on par with last year 2018 2017 Sep Sep Net working capital (mDKK) -55 -49 NWC ratio -6.4% -6.3% NIBD (mDKK) 162 185 Leverage (x EBITDA) 0.96 1.36 Q3 comments  NWC ratio on par with last year  NIBD decreased primarily due to the positive cash flow from operating activities  Solid balanc

  8. Slide 8: High cash conversion continued

    High cash conversion continued 2018 2017 2018 2017 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Operating profit (mDKK) 31 8 94 56 Depreciation and amortization (mDKK) 4 11 12 20 Change in NWC (mDKK) 3 10 -26 -6 Tax a.o (mDKK) 0 1 -4 3 Capex excl. acquisitions (mDKK) -3 -2 12 -5 Operating cash flow excl. acquisi

  9. Slide 9: Financial outlook 2018 is unchanged compared to increased outlook after Q2

    Financial outlook 2018 is unchanged compared to increased outlook after Q2 TCM Group  Net revenue: 890-910 mDKK (unchanged)  Adjusted EBITA: 140-150mDKK (unchanged)  EBIT: 130-140mDKK (unchanged)  40-60% dividend pay-out ratio from financial year 2018, depending on possible acquisitions  Levera

  10. Slide 10: Q&A

    Q&A

TCM Group — Q3 2018 Earnings Presentation on 6ix