Slide 1: Q1 2017 Trading Update
Q1 2017 Trading Update May 10, 2017
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 Ontex Highlights 04 Trading Review 06 Outlook 16 Q&A 18 Appendix 19 Confidential 3
Slide 4: Ontex Highlights
Ontex Highlights
Slide 5: Q1 2017 highlights
Q1 2017 highlights Positive start to the year and Hypermarcas integration started Q1 2017 LFL revenue up in all Divisions • Reported Group revenue of €556.9 million for Q1 2017, +23.1% on a reported basis LFL revenue • Q1 like-for-like (LFL) revenue +3.6% +3.6% • Mature Market Retail returning to gr
Slide 6: Trading Review
a te Trading Review O;
Slide 7: All Divisions contributed to Q1 2017 revenue growth
All Divisions contributed to Q1 2017 revenue growth Higher volumes in competitive markets Group revenue review Sales bridge Q1 2017 (€m) 556.9 • Reported revenue up +23.1% in Q1 2017: 452.4 • Like-for-like revenue +3.6% in Q1 2017 with all Divisions up compared to last year • Top line drivers: Q1 20
Slide 8: Mature Market Retail: 40% of Q1 reported group sales
Mature Market Retail: 40% of Q1 reported group sales Returning to growth in a highly competitive market • Like-for-like revenue up YoY, as expected: Reported revenue (€m) and LFL sales growth • Broad-based growth across most markets • Driven by higher volumes • Continued improvement since mid-2016 +
Slide 9: Americas Retail: 23% of Q1 reported group sales
Americas Retail: 23% of Q1 reported group sales Solid volume-led performance • Q1 2017 reported revenue included full quarter contribution Reported revenue (€m) from Grupo Mabe, and 1 month contribution from Ontex Brazil • Good progress in Babycare and Adult Inco in Mexico despite 126 inflationary p
Slide 10: Growth Markets: 8% of Q1 reported group sales
Growth Markets: 8% of Q1 reported group sales Double-digit LFL growth • Like-for-like revenue +14.4% in Q1 2017 Reported revenue (€m) and LFL sales growth • Volumes well ahead of Q1 2016, driven by Russia 46 • Performance achieved despite strong pricing competition as +14.4% a result of strengthenin
Slide 11: MENA: 10% of Q1 reported group sales
MENA: 10% of Q1 reported group sales Growth versus high comparable • Like-for-like revenue up +2.4% in Q1 2017, slightly below our Reported revenue (€m) and LFL sales growth expectations against high comparable • Q1 2016 sales in Turkey were higher in preparation for the successful relaunch of Canbe
Slide 12: Healthcare: 19% of Q1 reported group sales
Healthcare: 19% of Q1 reported group sales Higher volumes led to revenue growth • Like-for-like revenue +0.6% higher in Q1 2017 Reported revenue (€m) and LFL sales growth • Growth ahead of estimated market growth • Driven by higher volumes, mainly in Spain and in the UK, 108 +0.6% 108 whereas France
Slide 13: Category review
Category review Growth across all categories • Babycare LFL revenue +4.0% in Q1 2017: LFL sales growth • Up in both developed and developing markets % Q1 reported 29% 10% group sales1 60% • Reported revenue up 34.3% in Q1 2017 including contributions from Mabe and Ontex Brazil 5.6% • Adult Inco LFL
Slide 14: Adjusted EBITDA margin
Adjusted EBITDA margin Underpinned by continued efficiencies and acquisition contributions Key margin drivers Adjusted EBITDA up 22.8% to €70.0 million, with resilient margin • YoY growth driven by savings and efficiency programs, higher sales volumes and contributions from acquisitions • Continued
Slide 15: Net debt and leverage
Net debt and leverage Solid balance sheet • Net debt of €753.7 million at March 31 2017, including: Reported net debt position as of 31 March, 2017 • Net financial position of Ontex Brazil • Full payment for acquisition of Ontex Brazil in March 2017, and consolidation of the related net financial po
Slide 16: Outlook
Outlook
Slide 17: Outlook
Outlook Strategic progress and priorities • Positive start to 2017 allows us to maintain expectation to grow ahead of our markets in all Divisions in FY 2017 • Contribution from Ontex Brazil, with completion announced on March 7, 2017, will also drive Group reported revenue growth in 2017, while inc
Slide 18: Q&A
Ontex~ fex Q&A
Slide 19: Appendix
Appendix
Slide 20: Performance overview for Q1 2017
Performance overview for Q1 2017 % as In millions of Euro Q1 2017 Q1 2016 % LFL reported Per Division Mature markets retail 221.0 213.7 3.4% 2.0% Growth markets 46.1 35.3 30.6% 14.4% Healthcare 107.5 108.3 (0.7%) 0.6% MENA 56.5 59.8 (5.4%) 2.4% Americas retail 125.7 35.4 N.M. N.M. Per Category Babyc
Slide 21: Alternative Performance Measures
Alternative Performance Measures The following alternative performance measures (non-GAAP) have been included in this press release since management believes that they are widely used by certain investors, securities analysts and other interested parties as supplemental measures of performance and l
Slide 22: Thank you
Thank you