Tcm Group As · OMXCOP:TCM
Tcm Group As — Q2 2022 Earnings Presentation
9 slides from Tcm Group As's earnings presentation, Aug 19, 2022
Slide 1: TCM Group A/S Interim Report April-June 2022
TCM Group A/S Interim Report April-June 2022 August 19, 2022
Slide 2: Business update Q2 2022
Business update Q2 2022 ❑ Organic like-for-like growth (core business) of 11% ❑ Strong growth in the Norwegian business ❑ Supply situation has normalized ❑ Higher input costs, though mitigated, impact earnings temporarily ❑ High uncertainty regarding future demand, however solid order book going int
Slide 3: Revenue growth in Q2 of 11.7%
Revenue growth in Q2 of 11.7% Revenue 325 mDKK (291 mDKK) Cash conversion 11.7% 49.5% revenue growth (71.5%) NWC ratio Adjusted EBIT -2.6% 39 DKK (-7.0%) (44 mDKK) Adjusted EBIT margin 12.0% (15.2%) 3
Slide 4: Q2 revenue growth driven by the DIY segment and Svane Køkkenet in DK and strong growth in Norway
Q2 revenue growth driven by the DIY segment and Svane Køkkenet in DK and strong growth in Norway 2022 2021 2022 2021 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Net revenue (mDKK) 325 291 606 572 - Organic growth 11.7% 6.0% Q2 comments: ❑ Reported revenue growth in Denmark was 10.5% - 10.5% growth organic like-
Slide 5: P&L highlights
P&L highlights 2022 2021 2022 2021 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Net revenue (mDKK) 325 291 606 572 - Gross Margin 21.3% 25.7% 21.3% 24.6% Adjusted EBIT (mDKK) 39 44 65 77 - Adjusted EBIT margin 12.0% 15.2% 10.7% 13.5% Q2 comments: ❑ The merge of the e-commerce activities in kitchn.dk and Celebert
Slide 6: NWC ratio lower than LY
NWC ratio lower than LY 2022 2021 Jun Jun Net working capital (mDKK) -29 -76 NWC ratio -2.6% -7.0% NIBD (mDKK) 333 153 Leverage (x EBITDA) 2.35 0.90 Q2 comments: ❑ Higher level of inventories was due to impact from increased raw material prices, and a decision to increase the stock of parts and raw
Slide 7: Cash flow
Cash flow 2022 2021 2022 2021 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Operating profit (mDKK) 43 43 63 74 Depreciation and amortization (mDKK) 4 4 9 8 Other non-cash operating items 0 0 0 0 Change in NWC (mDKK) -15 10 -58 -38 Tax a.o (mDKK) 0 0 -7 -7 Capex excl. acquisitions (mDKK) -6 -4 -13 -10 Free cash f
Slide 8: Financial outlook 2022
Financial outlook 2022 TCM Group Financial outlook on EBIT revised: ❑ Net revenue: 1,150-1,225mDKK (unchanged), corresponding to organic growth of 4-11%. ❑ Adjusted EBIT: 130-160mDKK (previously 140- 170mDKK). (EBIT excluding non-recurring items) Revenue development Adjusted EBIT development DKKm DK
Slide 9: Q&A
Q&A