Naturhouse Health SA · BME:NTH
Naturhouse Health SA — Investor Presentation (September 2016)
19 slides from Naturhouse Health SA's investor presentation, September 2016
Slide 1: Corporate Presentation September 2016
2.123 stores in 29 countries Corporate Presentation September; 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 to investors. NATURHOUSE does not authorise its dissemination, publication or use by any other person, whether physical or legal, to an end other than t
Slide 3: Contents
Contents Description of the business model The Naturhouse Method Naturhouse Centres Contractual Framework: Franchises and Master Franchises International Growth Main Figures Centres Main Figures from the Profit and Loss Account Net Cash Position and Dividends Conclusions Apendi
Slide 4: A successful business model
A successful business model We have a business model that has been a success from the very beginning We operate in the Our business model is based on implementing our own, distinguishing method – the “Naturhouse Method”. This method combines weight management selling products with free personalised
Slide 5: Naturhouse Centres
Naturhouse Centres Main characteristics Located in commercial areas with considerable foot traffic Divided into two areas – consultation area and sales area Covering a surface area of between 30m2 and 50m2 All have a similar aesthetic Centre types Directly-operated Directly-owned centres are ma
Slide 6: Contractual Framework
Contractual Framework Franchises Master Franchises Duration Duration 5 years. 90% of franchisees have renewed their contract for 7 years another 5 years after the first 5-year period. Main economic points Main economic points No initial franchise fee Initial franchise fee of between €50,000 an
Slide 7: International Growth
International Growth 32 countries 2,214centres 80% of sales and 82% of EBITDA at end of 1H16 came from outside Spain at 2015 Subsidiaries Master Franchises France Czech Republic Spain Romania Italy Slovakia Poland Belgium - Master Portugal Morocco Belgium Germany Bulgaria UK Slovenia Mexico Peru Can
Slide 8: Naturhouse Centres
Naturhouse Centres 2,214 centres, fulfilling and surpassing our guidance for 2015-16, 6 months ahead of schedule +54 net openings in 2Q16 and 91 in 1H16 (vs 92 in 1H15) We continue to grow thanks to the opening of new franchises/master franchises (+85 vs 6 directly-owned stores) Breakdown of net ope
Slide 9: Main Figures: P&G
Main Figures: P&G Sustained growth in the Group’s main figures since 2012 EBITDA margin above the industry average (+35.3% at 2015 vs +14%* for the sector). EBITDA Ventas 33.702 33.790 89.768 95.731 95.792 29.483 +2.9% 85.594 +3.7% 22.657 19.931 19.365 52.556 54.503 2012 2013 2014 2015 1H15 1H16 201
Slide 10: Main Figures: Core Countries
Main Figures: Core Countries France Spain Italy Poland Ventas Ventas Ventas Ventas CAGR 12-15:-5% 41.522 26.278 11.382 40.177 24.879 24.161 23.354 22.958 21.384 32.321 +2% 20.940 +4,2 8.998 +13.5% 18.944 +2% 25.075 6.959 6.844 22.629 12.566 5.773 11.087 2012 2013 2014 2015 1H16 2012 2013 2014 2015 1
Slide 11: Net Cash Position & Dividends
Net Cash Position & Dividends Net cash stands at €25.8m (+73% vs 2015), after paying out dividends in May to the value of €4.95m Net cash position Dividends 25.675 25.782 15.087 14.940 14.050 11.600 10.880 8.100 7.338 4.950 2012 2013 2014 2015 1H16 2012 2013 2014 2015 1H16 Figures in thousands of eu
Slide 12: Conclusions
Conclusions We are facing the future with optimism We operate in an attractive market, which expects significant growth in the coming years CAGR 14-19 global market: 7.4%* CAGR 14-19 Western Europe: 3.7%* Our business model has been shown to be a success It can be replicated in any country: We opera
Slide 13: Appendix
Appendix 13
Slide 14: Profit & Loss Account
Profit & Loss Account 1H15 1H16 Growth (%) Total Sales 52,556 54,503 3.7% Procurements -15,471 -15,984 3.3% Gross profit 37,085 38,519 3.9% Gross profit margin 70.6% 70.7% Personnel -9,276 -9,539 2.8% Other operating expenses -8,815 -9,403 6.7% Other Income 371 354 -4.6% * EBITDA 19,365 19,931 2.9%
Slide 15: Balance Sheet
Balance Sheet 2015 1H16 Intangible assets 2,193 2,065 Property, plant & equipment 5,025 4,874 Non current financial assets 813 832 Investment in associated companies 3,140 2,983 Deferred tax assets 369 509 Non current Assets 11,540 11,263 Inventories 3,541 3,657 Trade receivables 5,542 7,035 Other c
Slide 16: Our market
Our market Competition by service / products Substitute products Substitute services Professionals Books Traditional Pharmacies & e.g. doctors, Beauty Online Supermarkets Fitness centres Herbalists Drugstores endocrinologist, Salons e.g. Cohen or Coaching dietitians Dukan method Provides personalize
Slide 17: Our market
Our market Population(1) split by weight Breakdown of # overweight pop.(2) in W. Europe Overweight pop CAGR Portugal Belgium Others in 2014 (2) (m) 00-14 2% 2% 9% Germany (last estimates) Greece 19% Total # of 3% Western Europe 36% 18% 46% 149 1.1% Netherlands overweight: 3% France Turkey 149m 10% 1
Slide 18: Our market
Our market Weight management market(1) by region (in €m) Comments 10,952 16.0% North America is the largest 15.4% market due to a combination 15.2% of overweight / obesity rates, 8.5% 10.3% 9.7% affluence and the desire for a 7.5% 9.4% 7.4% 9.1% perfect body World 3,349 3,580 data 1,653 3.4% Fas
Slide 19: Contact
CONTACT María Pardo Martínez Investor Relations Manager Telephone number: +34 914323953 Email: accionista@naturhouse.com 19
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