Fnac Darty Sa · EURONEXT:FNAC
Fnac Darty Sa — Investor Presentation (November 2020)
19 slides from Fnac Darty Sa's investor presentation, November 2020
Slide 1: Corporate Presentation
CORPORATE PRESENTATION November 2020
Slide 2: Business Review
BUSINESS REVIEW FNAC DARTY
Slide 3: Success of the Omnichannel Model
SUCCESS OF THE OMNICHANNEL MODEL Pre-lockdown Since the reopening of stores January 1 – March 15 From May 11 to end of September Lockdown Closure of the Group’s store network From May 11 to end of June From July to end of September March 16 – May 10 +9% +2.8% constant +7.3% +160% store LFL sales sal
Slide 4: Main Achievements to Date in 2020
MAIN ACHIEVEMENTS TO DATE IN 2020 Continuing the diversification business strategy in new and promising markets Continued selective deployment of the Group’s stores network including Darty Cuisine Acceleration in urban mobility Profound transformation of the range of Services Restart of servic
Slide 5: Current Highlights
CURRENT HIGHLIGHTS All product categories are accessible on our website and through Click & Collect In France, in face of the 2nd lockdown from 30 October, all our Fnac and Darty stores stay open for technical products (excl. photo), small domestic appliances and urban mobility Representing >65% o
Slide 6: Strong Ambition to Promote Click & Collect
STRONG AMBITION TO PROMOTE CLICK & COLLECT Fnac Darty’s ambition during the 2nd lockdown is to push customers to Click & Collect rather than home delivered online sales Consumers incentives to Click & Collect pick-up purchases Commercial push highlighted on Fnac and Darty websites to promote C&C
Slide 7: Outlook
OUTLOOK Quality of operational performance to succeed in major end-of-year commercial events but cautiousness in the face of economic and health uncertainties Strength of Fnac Darty’s logistic and digital capacities, leading position in France in its markets, and quality of the relationship with sup
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 9: Strong Revenue Growth in Q3 2020
STRONG REVENUE GROWTH IN Q3 2020 Revenue of €1,859 million, up +8.5% on a reported basis and +7.3% on a like-for-like1 basis, in Q3 2020 Over the first 9 months of the year, revenue down -2.0% Change vs. Q3 2019 on a reported basis and -4.0% on a like-for-like1 basis €m Q3 2020 Reported Like-for-Lik
Slide 10: Solid Operational Execution in H1 2020
SOLID OPERATIONAL EXECUTION IN H1 2020 Strong online performance in H1 2020 Unprecedented context Online sales Online Continued strikes in France and shorter winter sales in January +160%1 Online sales sales Unprecedented health crisis that led to the closure of the store network from March +85%
Slide 11: France and Switzerland in H1 2020
FRANCE AND SWITZERLAND IN H1 2020 €m H1 2019 H1 2020 Change Strong momentum in IT, freezers, air conditioners and gaming categories mitigated the revenue Revenue 2,524 2,343 -7.2% decline Current operating Gross margin has been impacted by negative 39.3 -45.6 -€85m income product and service mix eff
Slide 12: Iberian Peninsula in H1 2020
IBERIAN PENINSULA IN H1 2020 €m H1 2019 H1 2020 Change Strong dynamic of web sales, which doubled during the semester in both countries Revenue 296 240 -19.0% Current operating Good performance in IT and gaming segments income 5.5 -12.7 -€18m Sales performance strongly impacted by a later end to loc
Slide 13: Belgium - Luxembourg in H1 2020
BELGIUM - LUXEMBOURG IN H1 2020 €m H1 2019 H1 2020 Change (IFRS 5 excluding BCC) Significant E-commerce performance and Revenue 273 267 -2.1% successful reopening of stores since May 11 Current operating 1.4 0.7 -€0.7m income Solid sales momentum in computer equipment, refrigeration, small kitchen a
Slide 14: H1 2020 Group Financial Results
H1 2020 GROUP FINANCIAL RESULTS €m H1 2019* H1 2020 Current operating income at -€58 million strongly Revenue 3,093 2,849 impacted by the revenue loss due to the crisis and Gross margin 951 844 an unfavorable product and service mix effect Costs -905 -902 The Nature & Découvertes integration had a
Slide 15: Free Cash Flow Generation
FREE CASH FLOW GENERATION €m H1 2019* H1 2020 EBITDA down €87m including the impact of IFRS 16 vs. EBITDA 206 119 H1 2019, in line with the current operating income evolution IFRS 16 impact -110 -124 Operating free cash-flow impacted by: Non-recurring cash elements -30 -9 The decrease of the EBITD
Slide 16: A Strong Liquidity Position
A STRONG LIQUIDITY POSITION €m 31/12/2019 30/06/2020 Strengthening liquidity and financial flexibility in the Shareholders’ equity 1,398 1,271 context of unprecedented crisis Net Debt1 18 549 €400 million revolving loan facility was fully drawn down on a preventive basis in mid-March and reimburse
Slide 17: Strong Commitment to a More Responsible Economy
STRONG COMMITMENT TO A MORE RESPONSIBLE ECONOMY Enhancing Fnac Darty’s initiatives in the circular economy to promote an “educated choice” to customers The Darty Max service offering, available in all Darty’s stores, can now be subscribed on the Group’s websites Third edition of the "After-Sales
Slide 18: Disclaimer
DISCLAIMER IMPORTANT NOTICE: By reading this presentation, you agree to be bound by the following limitations and qualifications: certain information included in this issue is not based on historical facts but on forward-looking statements. These forward-looking statements are based on current data
Slide 19: Corporate Presentation
CORPORATE FNAC DARTY PRESENTATION