Mr Bricolage Sa · EURONEXT:ALMRB
Mr Bricolage Sa — H1 2018 Earnings Presentation
20 slides from Mr Bricolage Sa's earnings presentation, July 2018
Slide 1: 2018 first-half earnings
2018 first-half earnings Continued implementation of the REBOND strategic plan
Slide 2: Mr.Bricolage in brief
Mr.Bricolage in brief Market leader for local independent home improvement and gardening stores • Brand with strong proximity(1) Hyper-proximity brand • Network services, key to Mr.Bricolage's success Organization supporting store development: Mr.Bricolage, Les Briconautes and affiliates • Network o
Slide 3: Mr.Bricolage Group: 761 stores
Mr.Bricolage Group: 761 stores leader for proximity France: 694 stores, local independent retailers, home improvement specialists, who share strong values Affiliates under their own brand 320 stores 105 stores 269 affiliate stores 256 member stores 104 member stores 64 directly-owned stores 1 direct
Slide 4: Contents
Contents 1. 2018 first-half key developments 2. 2018 first-half business and earnings 3. Outlook for 2018 4
Slide 5: 2018 first-half key developments
2018 first-half key developments
Slide 6: Continued progress with the REBOND plan in H1 2018
Continued progress with the REBOND plan in H1 2018 against a backdrop of store footfall affected by the bad weather conditions Higher than average rainfall levels in France: 1 Digital-customer experience +40% +20% Web-to-store strategy and for winter 2017-2018 for spring 2018 improved customer exper
Slide 7: Three "100% new concept" pilot stores
Three “100% new concept” pilot stores Brand’s dynamic development accelerated by the inauguration of 3 pilot stores “City” “M” “L” Orléans Avranches Parthenay Further strengthening the customer strategy Simplicity Proximity Service 836 sq.m 4,550 sq.m 7,055 sq.m Optimizing processes Expected to grad
Slide 8: 2018 first-half business and earnings
2018 first-half business and earnings
Slide 9: Networks volume of business including taxes at 30 June 2018
Networks volume of business including taxes at 30 June 2018 Volume of business incl. taxes Change on total store Change on like-for-like 30 Jun 2018 (€m) basis store basis(1) In-store sales 1,007.3 - 4.1% - 0.4% France 887.7 - 4.9% - 1.3% Mr.Bricolage 655.2 - 5.2% - 1.5% Les Briconautes 92.7 - 14.1%
Slide 10: Networks' continued development accelerated by the REBOND plan
Networks’ continued development accelerated by the REBOND plan in H1 2018 Change in store network 838 794 761 stores 755 International 2015 2016 2017 H1 2018 1 closure • Belgium Details for France Affiliates 2transfers / expansions • Belgium 3 2 2 7 net transfers / net openings net new affiliates cl
Slide 11: Network services
Network services Growth confirming the Group’s realignment Network services business driven by the increase in sales of goods €107.2m +8.6% €98.7m Central listing unit 33,4 Sales of 35,4 -5.6% services Logistics services Organization supporting store development Network services, Sales of 73,7 Suppo
Slide 12: Mr.Bricolage SA H1 2018 consolidated accounts
Mr.Bricolage SA H1 2018 consolidated accounts
Slide 13: Consolidated turnover
Consolidated turnover Turnover excluding tax Year-on-year 30 Jun 2018 30 Jun 2017 €m change Network Services turnover 107.2 98.7 + 8.6% Sales of goods 73.7 63.2 + 16.6% Sales of services 33.4 35.4 - 5.6% Retail turnover 135.4 171.0 - 20.8% Total consolidated turnover 242.6 269.7 - 10.0% Network Serv
Slide 14: Consolidated income statement
Consolidated income statement €m 30 Jun 2018 30 Jun 2017 Change (%) Consolidated turnover 242.6 269.7 -10.0% EBITDA(1) 8.4 20.8 -59.4% Current operating profit 2.6 12.4 -79.3% Non-current operations and expenses - (1.4) - Operating profit 2.6 11.0 -76.7% Network Services 10.7 16.2 -34.2% Retail (8.1
Slide 15: Condensed balance sheet at 30 June 2018
Condensed balance sheet at 30 June 2018 Assets 30 Jun 2018 31 Dec 2017 Liabilities 30 Jun 2018 31 Dec 2017 Non-current assets 282.4 282.6 Equity, Group share 189.8 195.9 Goodwill 180.7 178.4 Minority interests (0.3) (0.3) Real estate 35.1 34.7 Total equity 189.5 195.6 Current assets 229.9 207.5 Inve
Slide 16: Net financial debt
Net financial debt Measures to reduce spending and manage working capital components +15.1 -10.6 -0.2 +3.6 +6,3 -8.4 +2.0 Operating cash H1 2018 flow excl. non- current items: As the financial leverage -€4.4m 89,6 81,5 ratio was not complied with at 30 June 2018, the Group has already opened talks w
Slide 17: Share on the stock market
Share on the stock market Share data Shareholding structure ISIN: FR0004034320 (at 30 Jun 2018) Ticker: MRB Public Michel Tabur 37,9% Number of shares: 10,387,755 2,0% Share price at 24 July 2018: €14.00 Market capitalization: €145m Eligible for SME share-based Float increased savings schemes (PEA-P
Slide 18: Building the future
Building the future
Slide 19: Key indicators for 2018
Key indicators for 2018 • Continued resizing of the directly-owned store network • Acceleration of the realignment around Network Services • Deployment of new ranges • Marketing strategy: ramping up of media campaigns and relaunch of digital activities • Standardization of the information systems fo
Slide 20: Strategic partnership with Cdiscount
Strategic partnership with Cdiscount Capitalizing on complementary distribution channels Partnership in 2 phases • 1st agreement (5 July 2018) pooling purchases for the 2 brands for part of the home improvement and gardening sector Partnership objectives • 2nd agreement (talks at an advanced stage)