Elior Group Sa · EURONEXT:ELIOR
Elior Group Sa — FY2021-22 Earnings Presentation
42 slides from Elior Group Sa's earnings presentation, Nov 23, 2022
Slide 1: 2021-2022 Full Year Financial Results
2021-2022 Full Year Financial Results
Slide 2: Disclaimer
FULL YEAR FINANCIAL RESULTS Disclaimer eliorcroup e This document was prepared by Elior Group for the sole purpose of this presentation. This presentation includes only summary information and does not purport to be comprehensive. The information contained in this document has not been independently
Slide 3: Agenda
AR FINANCIAL RESULTS Introduction 1. Financial Results 2. Business Review 3. Conclusion 4. Q&A eliorcroup e
Slide 4: Introduction: FY2021-22 key highlights
Introduction: FY2021-22 key highlights
Slide 5: Full Year 2021-22 Financial Results
Full Year 2021-22 Financial Results
Slide 6: Strong double-digit organic growth…
Strong double-digit organic growth…
Slide 7: … thanks to solid like-for-like growth, dynamic commercial momentum and record retention
… thanks to solid like-for-like growth, dynamic commercial momentum and record retention
Slide 8: EBITA around breakeven excluding Preferred Meals
EBITA around breakeven excluding Preferred Meals
Slide 9: Strong inflation headwinds, partially offset by ongoing prices increases and efficiencies
Strong inflation headwinds, partially offset by ongoing prices increases and efficiencies
Slide 10: Non-recurring items weighing on net income
Non-recurring items weighing on net income
Slide 11: Positive FCF in H2; FY FCF impacted by growth-driven working capital outflow in H1
Positive FCF in H2; FY FCF impacted by growth-driven working capital outflow in H1
Slide 12: Net financial debt broadly unchanged in H2
Net financial debt broadly unchanged in H2
Slide 13: Diversified debt widespread over time
Diversified debt widespread over time 700 600 500 400 300 200 100 0 2023 2024 2025 2026 >2026 Debt Undrawn committed facilities
Slide 14: Adequate liquidity
FULL YEAR FINANCIAL RESULTS eliorcroup e Adequate liquidity Year-on-year liquidity bridge (in €m) -140 i 539 Sept. 2021 FCF exclu. Payment of Securitization Interests paid FX and Other Sept 2022 Actual Available Liquidity Securitization leases recognized & financial fees Available Liquidity under IF
Slide 15: Business Review
Business Review
Slide 16: Group top-line nearing pre-Covid-19 levels
Group top-line nearing pre-Covid-19 levels Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019-20 2019-20 2020-21 2020-21 2020-21 2020-21 2021-22 2021-22 2021-22 2021-22 B&I Education Health & Welfare Group
Slide 17: Strong new business and record retention
Strong new business and record retention
Slide 18: Asset-light model delivering profitable net new business with reduced CAPEX profile
Asset-light model delivering profitable net new business with reduced CAPEX profile
Slide 19: Business development achievements: France
Business development achievements: France
Slide 20: Business development achievements: International
Business development achievements: International
Slide 21: Decisive exit of Preferred Meals in the USA, further strengthening our asset-light business model
Decisive exit of Preferred Meals in the USA, further strengthening our asset-light business model
Slide 22: Contract renegotiations well on track and starting to deliver
Contract renegotiations well on track and starting to deliver
Slide 23: Only 40% of 12-month rolling price increases booked in FY21-22
Only 40% of 12-month rolling price increases booked in FY21-22, hence secured uplift expected in FY22-23 UK USA Italy Group Spain France
Slide 24: France: strongest price uplift for FY22-23 secured
France: strongest price uplift for FY22-23 secured ▷
Slide 25: Self-help initiatives identified in France
Self-help initiatives identified in France
Slide 26: Steady CSR commitments delivering tangible results (1/2)
Steady CSR commitments delivering tangible results (1/2) Healthy Sustainable choices ingredients ► ► ► ► ►
Slide 27: Steady CSR commitments delivering tangible results (2/2)
Steady CSR commitments delivering tangible results (2/2) Circular Thriving teams model & communities ► ► ► ► ► ►
Slide 28: Conclusion
eliorcroup © 3 <7 Concl RESULTS > FULL YEAR FINANCIAL
Slide 29: Full Year 2022-23 outlook
FULL YEAR FINANCIAL RESULTS Full Year 2022-23 outlook eliorsroun © ? = ® Organic revenue growth Adjusted EBITA margin Capex as % of revenue Atleast +8% 1.5% - 2.0% 1.5% - 1.7% At constant rates and based on all known Covid-19 protocols at the time of publication 29
Slide 30: Financial ambitions 2024 reaffirmed
Financial ambitions 2024 reaffirmed
Slide 31: Forza Elior
FULL YEAR FINANCIAL RESULTS Forza Elior lal Group top-line nearing pre-Covid-19 levels lad Clear path to strong EBITA margin uplift; self-help in France A. rom, Me Strong commercial momentum oh 2024 ambitions reaffirmed eliorcroup e Ket Contract renegotiation efforts starting to bear fruits (%) — As
Slide 32: Half Year Financial Results
HALF YEAR FINANCIAL RESULTS eliorcroup eC Ht
Slide 33: Appendices
Appendices
Slide 34: Elior Group: Revenue by type of contract
Elior Group: Revenue by type of contract
Slide 35: Fourth quarter 2021-22 revenue
Fourth quarter 2021-22 revenue
Slide 36: Strong inflationary pressures
Strong inflationary pressures
Slide 37: Deferred tax impacted by goodwill impairments in France & Spain
Deferred tax impacted by goodwill impairments in France & Spain
Slide 38: Detailed change in operating working capital
Detailed change in operating working capital
Slide 39: Modelling details for FY 2022-23
Modelling details for FY 2022-23
Slide 40: Alternative performance indicators
Alternative performance indicators > > > > >
Slide 41: Financial agenda 2022-2023
FULL YEAR FINANCIAL RESULTS Financial agenda 2022-2023 January 26 2023 QI revenues May 17 2023 H1 results eliorcroup e July 27 2023 Q3 revenues 41
Slide 42: eliorcroup eC
eliorcroup eC SLINSIY TIVIONVNIS YVIA 11nd 42