Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Grupa Forte — H1 2015 Earnings Presentation
14 slides from Grupa Forte Spolka's earnings presentation, Aug 28, 2015
Slide 1: Financial Results of the 1st half year of 2015
E Financial Results of the 1st half year of 2015 Warsaw, August 28, 2015
Slide 2: 1.7 m pieces of furniture sold
1,7 m pieces of furniture sold | Turnover 447 m PLN - 11 % more than in the first half of 2014 ; — EBITDA-Margin:12,4% | _Investment projects developing according to plan | FABRYKI MEBLI nFORTE” S.A.
Slide 3: Turnover in the first half of the year
Turnover in the first half of the year 000 PLN 2012 2013 2014 2015 FABRYKI MEBLI nFORTE” S.A.
Slide 4: Net profit in the first half of the year
Net profit in the first half of the year 000 PLN 2012 2013 2014 2015 FABRYKI MEBLI nFORTE” S.A.
Slide 5: Income statement summary
Forte 1 000 PLN I-II Q 2012 I-II Q2013 '13/'12 I-II Q 2014 '14/'13 I-II Q 2015 15/14 Revenues from sales 263 346 303 347 15,2% 402 792 32,8% 446 692 10,9% Gross profit on sales 83 785 106 368 27,0% 148 838 39,9% 159 399 7,1% Gross margin 31,8% 35,1% 3,2% 37,0% 1,9% 35,7% -1,3% Sales costs -53 234 -6
Slide 6: Financial Position
FABRYKI MEBLI nFORTE” S.A. Financial Position 2012 2013 2014 1PR2015 Current Ratio 2,66 | 3,21 3,17 3,16 Quick Ratio 1,52 2,00 1,85 1,81 Debt ratio 0,28 | 0,31 0,34 0,35 6 10,0 | 15,1] 17,8 8,9 H (17,8% year)
Slide 7: Geographical structure of sales
Geographical structure of sales FORTE 1sthalf year 2015 m German - speaking Europe m= Westem Europe = Poland = Central and Eastern Europe 18% *(+5%) 16% *(+0%) 57% *(-1%) 9% “(-4%) * Compared with the first half of 2014 FABRYK! MEBLI nFORTE” S.A.
Slide 8: Sales development by region
German-speaking Europe + 23% + 4% France + 61% + 20% + 456% + 1573% 2012 2013 2014 2015 2012 2013 2014 2015 Poland + 11% + 18% Spain and Portugal + 9% + 85% + 104% - 6% 2012 2013 2014 2015 2012 2013 2014 2015
Slide 9: New investment- High Rack Warehouse
New investment- High Rack Warehouse Construction of a new high rack warehouse Important increase of dispatching capacity Beginning of September 2015 Investment volume: 32 000 000 PLN Size : 15 000 m2 Capacity: 15 000 pallets = 300 000 furniture packs Improvement of the logistics situation in all 4 f
Slide 10: Investment into production machinery
Investment into production machinery Purchase and installation of additional production lines in some of the factories Increase of production capacity to 8,5 m packs of furniture by the end of 2015 September 2015 Laser edging line IMA in the Ostr6w Mazowiecka factory - length of the line: 56m Drilli
Slide 11: Further targets for 2015
vd Further targets for 2015 TOMORROW ¢ Increase of turnover by at least 10% compared to 2014 ¢ Achieving an EBITDA-Margin above 13% — ee * Increase of production capacity to the level required to fulfill all expected orders in 2016 ¢ Further improvement of productivity in production and logistics FA
Slide 12: Targets for 2016
id . Targets for 2016 TOMORROW ¢ Increase of the yearly production capacity to 4 m pieces of furniture ¢ Turnover at a level of 250 m EUR ¢ Maintaining profitability at an EBITDA-Margin above 13% ¢ Further optimization and integration of logistics processes FABRYKI MEBLI »FORTE”S.A. 12
Slide 13: Development of the FORTE share price
FABRYKI MEBLI nFORTE” S.A. Development of the FORTE share price against WIG4O - 2 year time span — FTE —MWIG40 FTE +121% MWIG40 + 16% 28-08-13 03-01-14 08-05-14 08-09-14 14-01-15 18-05-15 13
Slide 14: www.forte.com.pl
www forte.com.pl FABRYKI MEBLI FORTE S.A.