Grupa Forte Spolka S.a. · GPW:FTE
Grupa Forte Spolka — Grupa Forte — FY2015 Earnings Presentation
24 slides from Grupa Forte Spolka's earnings presentation, Mar 18, 2016
Slide 1: Consolidated Financial Accounts 2015
CONSOLIDATED FINANCIAL ACCOUNTS 2015 Warsaw 18 March 2016
Slide 2: Stable Growth
STABLE GROWTH
Slide 3: Stable Growth: Sales (M PLN)
STABLE GROWTH 822 666 555 2012 2013 2014 SALES (M PLN)
Slide 4: Stable Growth: Net Profit (M PLN)
STABLE GROWTH 75 58 35 2012 2013 2014 NET PROFIT (M PLN)
Slide 5: How We Fared in 2015
an "HOW WEFAREDIN seater + 2012
Slide 6: Key Results 2015
KEY RESULTS 2015 We sold 3,5 m pieces of furniture Turnover 954 m PLN 16% MORE THAN IN 2014 Net profit 84 m PLN 12% MORE THAN IN 2014
Slide 7: Results for the Last 5 Years
RESULTS FOR THE LAST 5 YEARS 954 +103% 84 +188% 469 29 2010 2015 2010 2015 SALES (M PLN) NET PROFIT (M PLN)
Slide 8: Income Statement (000 PLN)
(000 PLN) 2013 2014 2015 Revenue from sales 666 365 822 414 954 275 Gross profit from sales 241 441 298 151 346 010 Gross margin 36,2% 36,3% 36,3% Cost of sales 133 919 166 673 200 267 Result on sales 107 522 131 478 145 743 Sales margin 16,1% 16,0% 15,3% Cost of G&A 28 167 34 716 36 864 As % of sal
Slide 9: Current Ratio, Quick Ratio, Debt Ratio
2013 2014 2015 CURRENT RATIO 3,21 3,17 1,80 QUICK RATIO 2,00 1,85 1,16 DEBT RATIO 0,31 0,34 0,35 ROE 15,10% 17,80% 17,63%
Slide 10: Geographical Structure of Sales
GEOGRAPHICAL STRUCTURE OF SALES 17,6% POLAND 8,6% 54,3% CENTRAL AND EASTERN GERMAN-SPEAKING EUROPE EUROPE (DACH) 19,5% WESTERN EUROPE (EXCEPT FOR DACH)
Slide 11: Plan Until 2021
DEVELOPMENT PLAN UNTIL 2021 „Sustainable strengthening of our position as a leader among the producers of ready-to-assemble furniture”
Slide 12: Plan Until 2021: Vertical Integration
DEVELOPMENT PLAN UNTIL 2021 Vertical integration 1 Full availability of chipboard of the newest generation Flexibility in the choice of foils and the size of boards
Slide 13: Plan Until 2021: Investment into Technology
DEVELOPMENT PLAN UNTIL 2021 Ongoing investment into 2 technology Fifth furniture factory Further improvement of our logistics
Slide 14: Plan Until 2021: Increase of Profitability
DEVELOPMENT PLAN UNTIL 2021 Step by step increase of 3 profitability Reduction of raw material costs Economies of scale
Slide 15: Plan Until 2021: Strengthening Market Position
DEVELOPMENT PLAN UNTIL 2021 4 Strengthening of our position on existing and development of new markets
Slide 16: We Support the Development of Our Employees
We suport the development of our employees
Slide 17: Development of Employee Competencies
DEVELOPMENT OF EMPLOYEE COMPETENCIES Dedicated Training Program launched in cooperation with the Business School of the Warsaw University of Technology : Development program for all senior management staff Individual MBA programs for middle management and aspiring senior managers
Slide 18: Development of Employee Competencies
DEVELOPMENT OF EMPLOYEE COMPETENCIES Individual MBA programs for middle management and aspiring senior managers for production personel like masters, operators or line workers,
Slide 19: Development of Employee Competencies
DEVELOPMENT OF EMPLOYEE COMPETENCIES Programs established in cooperation with local educational bodies preparing for professions like wood technologists, carpenters or machine operators
Slide 20: We Support Young Families
We suport young families
Slide 21: Exemplary Kindergarten in Ostrow Mazowiecka
EXEMPLARY KINDERGARTEN IN OSTROW MAZOWIECKA
Slide 22: Bilingual Teaching in Polish and English
BILINGUAL TEACHING IN POLISH AND ENGLISH NURSERY SECTION RICH ACTIVITY PROGRAM
Slide 23: Development of the Forte Share Price Against the MWIG40
DEVELOPMENT OF THE FORTE SHARE PRICE AGAINST THE MWIG40 56,10 FORTE +339% MWIG40 +34% I. 2013 I. 2016
Slide 24: Next Investor Presentations
NEXT INVESTOR PRESENTATIONS 11 31 15 MAY AUGUST NOVEMBER 2016 2016 2016 24