Tcm Group As · OMXCOP:TCM

Tcm Group As — Q1 2021 Earnings Presentation

10 slides from Tcm Group As's earnings presentation, May 19, 2021

  1. Slide 1: TCM Group A/S Interim Report January-March 2021

    TCM Group A/S Interim Report January-March 2021 May 19, 2021

  2. Slide 2: Business update Q1 2021

    Business update Q1 2021  Organic growth of 13%.  Growth driven by all four brands with the highest growth rates within our DIY segment (Nettoline and kitchn.dk) and a higher share of revenue from third party products.  The market is characterized by pressure on raw material prices and availabilit

  3. Slide 3: Capital structure

    Capital structure  At the annual general meeting on April 13, 2021 the following was approved:  Ordinary dividend of DKK 5.50 per share (totaling DKK 55m) corresponding to 54% of Net profit.  Extraordinary dividend of DKK 7.50 per share (totaling DKK 75m).  Initiation of a share buy back program

  4. Slide 4: Revenue growth in Q1 of 10.6%

    Revenue growth in Q1 of 10.6% Revenue 281 mDKK (254 mDKK) Cash conversion 10.6% 83.4% revenue growth (87.3%) NWC ratio Adjusted EBIT -6.6% 33 DKK (-6.1%) (30 mDKK) Adjusted EBIT margin 11.7% (11.7%) 4

  5. Slide 5: Q1 revenue growth driven by the Danish business

    Q1 revenue growth driven by the Danish business 2021 2020 Jan-Mar Jan-Mar Net revenue (mDKK) 281 254 - Revenue growth 10.6% Q1 comments: 11.5% growth  Revenue growth in Denmark was +11.5%. in DK revenue  Growth in Denmark driven by all four brands.  Highest growth rate was achieved within our DIY

  6. Slide 6: P&L highlights

    P&L highlights 2021 2020 Jan-Mar Jan-Mar Net revenue (mDKK) 281 254 - Gross Margin 23.5% 25.7% Adjusted EBIT (mDKK) 33 30 - Adjusted EBIT margin 11.7% 11.7% Q1 comments:  The divestment of the Svane Køkkenet store in Copenhagen had a technical negative impact on grow margin of 0.8%-point in the qua

  7. Slide 7: NWC ratio improved vs LY supported by stimulus packages

    NWC ratio improved vs LY supported by stimulus packages 2021 2020 Mar Mar Net working capital (mDKK) -69 -61 NWC ratio -6.6% -6.1% NIBD (mDKK) -14 77 Leverage (x EBITDA) -0.09 0.44 Q1 comments:  NWC impacted favourably by stimulus packages of c. 5mDKK.  Higher level of inventories due to increased

  8. Slide 8: High cash conversion continued

    High cash conversion continued 2021 2020 Jan-Mar Jan-Mar Operating profit (mDKK) 32 30 Depreciation and amortization (mDKK) 5 5 Change in NWC (mDKK) -51 -48 Tax a.o (mDKK) -7 -6 Capex excl. acquisitions (mDKK) -8 -4 Free cash flow excl. acquisitions (mDKK) -25 -22 Cash conversion ratio 83.4% 87.3% C

  9. Slide 9: Financial outlook 2021

    Financial outlook 2021 TCM Group  Financial outlook reiterated:  Net revenue: 1,040-1,100mDKK, corresponding to organic growth on the continuing business excluding the divestment of the Svane store in Copenhagen of 4-10%.  EBIT: 145-160mDKK. (EBIT excluding non-recurring items) 9

  10. Slide 10: Q&A

    Q&A ~

TCM Group — Q1 2021 Earnings Presentation on 6ix