Slide 1: Q1 2015 Trading Update
Q1 2015 TRADING UPDATE 11 May 2015
Slide 2: Forward Looking Statements
Forward Looking Statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, Ontex’s future results of operations, financial conditi
Slide 3: Table of Contents
Table of Contents 1 Ontex Highlights 2 Trading Review 3 Outlook 4 Q&A Appendix 3
Slide 4: Solid Quarter in Challenging Markets
Solid Quarter in Challenging Markets Q1 revenue and Adjusted EBITDA ahead of expectations Increase in Revenues Q1 2015 Reported Group revenues of €425.1m +6.2% in Q1 Q1 like-for-like (LFL) revenues1 +5.1% LFL Higher LFL revenues in all four divisions and three categories against a strong com
Slide 5: Table of Contents
Table of Contents 1 Ontex Highlights 2 Trading Review 3 Outlook 4 Q&A Appendix 5
Slide 6: Progress Update
Progress Update Revenue growth ahead of expectations Solid top-line performance Sales bridge Q1 2015 (€m) Like-for-like revenues +5.1% in Q1, against the 445 highest LFL quarterly growth of 2014 435 425.1 425 415 Foreign exchange impact on Group revenue was 405 400.2 positive overall 395 385 375
Slide 7: Mature Market Retail: 54% of Q1 Reported Group Sales
Mature Market Retail: 54% of Q1 Reported Group Sales Performing in-line with management expectations Divisional review LFL Revenue (€ million) and sales growth Like-for-like revenues +3.0% in Q1 Reported growth up by 5.3% due to positive FX impact due to weakening Euro +3.0% Performance benefi
Slide 8: Growth Markets: 7% of Q1 Reported Group Sales
Growth Markets: 7% of Q1 Reported Group Sales Strong growth driven by higher pricing and volumes Divisional review LFL Revenue (€ million) and sales growth Like-for-like revenues +35.4% in Q1 Reported revenue growth +11.8% negatively impacted by FX movements, particularly Russian Rouble +35.4%
Slide 9: MENA: 13% of Q1 Reported Group Sales
MENA: 13% of Q1 Reported Group Sales Brand-driven growth limited by challenging macro environment in some countries Divisional review LFL Revenue (€ million) and sales growth Like-for-like revenues +5.4% in Q1 Reported growth at 14.5%, driven by positive FX impacts +5.4% Key countries such as
Slide 10: Healthcare: 26% of Q1 Reported Group Sales
Healthcare: 26% of Q1 Reported Group Sales Home delivery continued positive performance Divisional review LFL Revenue (€ million) and sales growth Like-for-like revenues +1.1% in Q1 Reported growth at +2.7%, driven by positive impact of exchange rates +1.1% Home delivery contributed positively
Slide 11: Category Review
Category Review All categories contributed to higher Group revenues Growing categories LFL sales growth Babycare sales up by 6.1% on a LFL basis on the back % Q1 of: reported 53% 34% 12% Group sales1 − Continued rollout of our Flexfit innovation − Premiumization trend within retailer brands 6.1% −
Slide 12: Adjusted EBITDA Margin
Adjusted EBITDA Margin Resilient performance despite external challenges Key margin drivers Adjusted EBITDA margin stood at 12.23% in Q1 2015, above FY 2014 margin of 12.14% and only 6bps below Q1 2014 (12.29%) Adjusted EBITDA margin remained essentially stable despite rise in raw material price
Slide 13: Capital Structure and Liquidity
Capital Structure and Liquidity Sound financial profile with leverage further improved Reported Debt position and leverage as of March 31, 2015 Leverage calculation (€m) Net debt 536.8 LTM Adjusted EBITDA 198.9 Net debt/LTM Adjusted EBITDA 2.70x Net financial debt/LTM adjusted EBITDA at 2.70x as o
Slide 14: Table of Contents
Table of Contents 1 Ontex Highlights 2 Trading Review 3 Outlook 4 Q&A Appendix 14
Slide 15: Outlook
Outlook Disciplined approach to achieve sustainable, profitable growth Our Ontex model of sustainable, profitable growth remains unchanged. Given that revenue in the first quarter benefited from increased retailer promotional activity in developed markets and solid emerging markets growth, and that
Slide 16: Table of Contents
Table of Contents 1 Ontex Highlights 2 Trading Review 3 Outlook 4 Q&A Appendix 16
Slide 17: Revenue Performance Overview for Q1 2015
Revenue Performance Overview for Q1 2015 In millions of Euro Q1 2015 Q1 2014 % as reported % LFL Per division Mature markets retail 228.4 216.9 5.3% 3.0% Growth markets 31.3 28.0 11.8% 35.4% Healthcare 108.4 105.5 2.7% 1.1% MENA 57.0 49.8 14.5% 5.4% Per category Babycare 226.5 210.2 7.8% 6.1% Femcar