Seb Sa · EURONEXT:SK
Seb Sa — Groupe SEB — Non-Deal Roadshow (December 2010)
23 slides from Seb Sa's roadshow presentation, December 2010
Slide 1: Information Meeting
Information Meeting December 2010
Slide 2: Groupe SEB at a glance
¢ Groupe SEB at a glance ¢ Our Key Success Factors ¢ A few figures reflecting performance 2
Slide 3: Groupe SEB, the world leader for Small Domestic Equipment (1/2)
Groupe SEB, the world leader for Small Domestic Equipment (1/2) Presence in more than 150 countries 200m products sold in the world each year 6 products sold every second 3
Slide 4: Groupe SEB, the world leader for Small Domestic Equipment (2/2)
Groupe SEB, the world leader for Small Domestic Equipment (2/2) Ranking Nr.1 in 10 product families 4
Slide 5: Groupe SEB: A story of growth
Groupe SEB A story of growth Sales in €m Acquisitions 3500 2004/05 3,230 All-Clad 2,870 3000 Lagostina 2007 2500 Supor 1,825 Panex 2000 1,764 2001 1500 Moulinex 1988 Krups Rowenta 1997/98 1000 Arno 1968 1972 Volmo 500 170 Tefal Calor 7 0 1953 1975 1998 2000 2007 2008 Some key innovations…
Slide 6: Groupe SEB key figures
Groupe SEB key figures 2009 Revenue €3,176m Employees at Sept 30, 2010 22,765 Market cap at Nov 26, 2010 €3,620m
Slide 7: Our Key Success Factors
¢ Groupe SEB at a glance ¢ Our Key Success Factors ¢ A few figures reflecting performance 7
Slide 8: Key Success Factors
Key Success Factors ¢ Effective management of innovation and products ¢ Close relations with various retailing channels ¢ Sustained marketing investment to support our brands ¢ A broad international marketing and manufacturing footprint ¢ Disciplined management of production, logistics and administr
Slide 9: Objective: accelerating product dynamics
A strong innovation policy to keep a competitive edge on competitors ¢ Around 100 patents filed / year ¢ More than 1,000 « active » patents ¢ 2009 R&D budget = € 64m ¢ More than 200 new products launched per year ¢ Both scientific/technical approach and pragmatic/frontline approach Objective: accele
Slide 10: A powerful portfolio of well-known brands
A powerful portfolio of wellknown brands 6 international brands 14 local brands 10
Slide 11: International development
International development Geographical breakdown of sales Geographical breakdown of production Asia France Others Pacific 19% 2% France 22% Outsourced 40% 31% Central Europe, CI Other S and Western Germany other Europe 2% countries 21% 17% North USA South America 2% China America 11% Brazil 17% 10%
Slide 12: A geographical balance generating strong potential
A geographical balance generating strong potential Revenue breakdown MATURE MARKETS Continued development of the Small Domestic 55% Equipment Industry è Existing sources of growth to be captured + 5% è Opening to new trends EMERGING MARKETS 45% High potential è More than 4 billion under-equipped peo
Slide 13: Consolidation of the Group's distribution networks
Consolidation of the Group’s distribution networks ¢ A multi-channel, multi-format strategy § Mass retailers, specialty superstores, department stores, traditional/ tableware outlets… § Alternative retailing (catalogues, on-line, proprietary stores) ¢ Strong relationships with retailers § Brands pro
Slide 14: Permanent focus on competitiveness
Permanent focus on competitiveness ¢ Constant adjustment in the production base ¡ Arbitrage between make or buy ¡ Streamlining operations ¢ Reducing purchasing costs ¢ Optimizing support functions and operations ¡ Shared services centres ¡ Geographic clusters 2 objectives: greater efficiency and low
Slide 15: A few figures reflecting performance
¢ Groupe SEB at a glance ¢ Our Key Success Factors ¢ A few figures reflecting performance 15
Slide 16: Summarized P&L
Summarized P&L €m H1 2009 FY 2009 H1 2010 Revenue 1,374 3 176 1,555 Operating margin 106 355 168 EBIT 63 248 141 Attributable Profit 27 146 89 16
Slide 17: Summarized Balance sheet
Summarized Balance sheet €m 31 Dec. 30 June 30 June 2009 Capital employed 2009 2010 Non-current assets 1,176 1,163 1,306 Operating working capital 761 695 720 Other assets (216) (231) (206) Total capital employed 1,721 1,627 1,820 Financed by Equity 1,055 1,220 1,448 Provisions 162 164 164 Net debt
Slide 18: 9-month revenue by region
9-month revenue by region % change* At current At constant 9 months 9 months M€ exchange exchange 2009 2010 rates rates France 434 452 4.3 4.3 Other Western Europe 457 496 8.4 7.9 North America 234 276 17.5 10.5 South America 187 239 28.4 8.5 Asia Pacific 418 543 29.9 24.8 Central Europe, CIS 374 41
Slide 19: 9-months sales performance, by country
9-months sales performance, by country Constant exchange rates North & South As % Europe Other America Mexico countries 60 40 China Spain Ukraine 20 Netherland Brazil Saudi Arabia Germany Russia France Italy Belgiqium Portugal USA South Korea Turkey 0 Japan Canada United Kingdom Poland -20 19
Slide 20: 9-month key figures
9-month key figures Revenue € 2,423m + 15 % Operating margin € 276m + 42 % Net financial debt € 207m = vs June 30 at Sept 30, 2010 20
Slide 21: Second-half 2010 product launches (1/2)
Second-half 2010 product launches (1/2) Supor Induction Acticook Pressure Delices Supor Breakfast Set Rice Cooker Cooker Masterchef Sotchi 3000 Chopper Induction hob Nomaba Blender
Slide 22: Second-half 2010 product launches (2/2)
Second-half 2010 product launches (2/2) Supor Kettle Pie & Co Mijotcook Clic Lav Blender Tropical Fan Picolo Delices Mini Oven
Slide 23: Information Meeting
Information Meeting December 2010