Slide 1: 2016 first-quarter sales and financial data
2016 first-quarter sales and financial data 28 April 2016 AIRBAKE I ALL-CLAD I ARNO I ASIAVINA I CALOR I CLOCK I IMUSA I KRUPS I LAGOSTINA I MAHARAJA WHITELINE I MIRRO MOULINEX I OBH NORDICA I PANEX I ROCHEDO I ROWENTA I SAMURAI I SEB I SUPOR I TEFAL I T-FAL I UMCO I WEAREVER
Slide 2: Disclaimer
Disclaimer Some of the statements contained in this document may be forward- looking statements concerning Groupe SEB's financial position, results, businesses, strategy or projects. Groupe SEB considers that such statements are based on reasonable assumptions but cannot and does not give any assura
Slide 3: 2016 first-quarter sales and financial data
2016 first-quarter sales and financial data 28 April 2016 1. Figures 2. Business review by geography 3. 2016 Outlook 4. Exhibits 2016 first-quarter sales and financial data – 28 April 2016 3
Slide 4: 1. Figures
1. Figures 2016 first-quarter sales and financial data – 28 April 2016 4
Slide 5: Key figures Q1 2016
Key figures Q1 2016 Revenue €1,115m +2.3% in € +5.1% LFL Operating Result from Activity as reported LFL €93m* €138 m +1.1% +50 % Net debt at 31/03 €184m - €132m vs year-end 2015 *After -€45m currency impact. Scope effect was neutral. 2016 first-quarter sales and financial data – 28 April 2016 5
Slide 6: New sales segmentation
New sales segmentation ◙ In line with new organization implemented in September 2015 ◙ Main changes: France included in Western Europe China, as the Group n°1 country, individualized within Asia ◙ 2014 and 2015 were restated consequently (exhibits) 2016 first-quarter sales and financial data – 2
Slide 7: Q1 2016 revenue by region
Q1 2016 revenue by region As Reminder Q1 2015 Q1 2016 LFL 2015/2014 LFL reported EMEA 483 508 +5.2% +5.3% +7.9% Western Europe 336 359 +6.9% +4.3% +5.2% Other countries 147 149 +1.2% +7.4% +13.9% AMERICAS 199 165 -17.3% -5.5% +3.4% North America 117 100 -14.2% -12.4% +6.4% South America 82 65 -21.6%
Slide 8: Organic growth in sales, by quarter
Organic growth in sales, by quarter Full year 2014 2015 In % + 4.6% + 8.0% 12 2014 10 9.4 2015 7.9 7.8 2016 8 7.2 6.2 6 4.9 4 5.1 4.1 3.2 2 0 Q1 Q2 Q3 Q4 2016 first-quarter sales and financial data – 28 April 2016 8
Slide 9: Analysis of Q1 2016 sales growth
Analysis of Q1 2016 sales growth -39 +9 In €m +56 Organic Currency effect Scope Growth (OBH Nordica) +5.1% -3.6% +0.8% 1,115 1,089 +2.3% Q1 2015 Q1 2016 2016 first-quarter sales and financial data – 28 April 2016 9
Slide 10: Currency impact on Q1 2016 sales
Currency impact on Q1 2016 sales In €m €-39m 2 0 -2 -4 -6 -8 -10 -12 -14 MXN USD RUB INR EGP CNY JPY TRY COP BRL UAH CAD ARS 2016 first-quarter sales and financial data – 28 April 2016 10
Slide 11: Q1 2016 sales by region
Q1 2016 sales by region Other Asian countries Western Europe 10% 32% (9%) (31%) 40% 45% (37%) (44%) China 30% (28%) Other countries South America 13% 6% (8%) North America (13%) 9% (11%) (Q1 2015 sales) 15% (19%) 2016 first-quarter sales and financial data – 28 April 2016 11
Slide 12: 2. Business review by geography
2. Business review by geography 2016 first-quarter sales and financial data – 28 April 2016 12
Slide 13: Western Europe
WESTERN EUROPE Q1 sales / €m 2015 2016 REPORTED LFL EMEA 483 508 +5.2% +5.3% Western Europe 336 359 +6.9% +4.3% ◙ Small Domestic Equipment market up in Q1 Led by SDA: vacuum cleaners, food preparation, electrical cooking... ◙ Groupe SEB: a very satisfactory quarter, though more contrasted France
Slide 14: Other Countries
OTHER COUNTRIES Q1 sales / €m 2015 2016 REPORTED LFL EMEA 483 508 +5.2% +5.3% Other countries 147 149 +1.2% +7.4% ◙ Solid performance for the Group... Despite deteriorated context in certain countries and penalizing FOREX ◙ ... Yet contrasted Central Europe: well-oriented demand, new inroads for
Slide 15: North America
NORTH AMERICA Q1 sales / €m 2015 2016 REPORTED LFL AMERICAS 199 165 -17.3% -5.5% North America 117 100 -14.2% -12.4% ◙ The only region with declining sales USA Significant stock reduction by some large customers impacting T-fal cookware and Rowenta iron sales Non-recurring Q1 2015 TV shopping op
Slide 16: South America
SOUTH AMERICA Q1 sales / €m 2015 2016 REPORTED LFL AMERICAS 199 165 -17.3% -5.5% South America 82 65 -21.6% +4.3% ◙ Heterogeneous macroeconomic environment and overall currency depreciation vs USD and Euro ◙ Growth in LFL sales, but a mixed picture Brazil Resilient business in Q1 despite sharply d
Slide 17: China
CHINA Q1 sales / €m 2015 2016 REPORTED LFL ASIA 407 442 +8.6% +10.1% China 304 336 +10.5% +12.5% ◙ Well-oriented small domestic equipment market ◙ Brisk development of e-business ◙ Ongoing solid momentum for Supor Cookware, all categories (pans, pots, woks, pressure cookers, utensils...) SDA: st
Slide 18: Other Asian Countries
OTHER ASIAN COUNTRIES Q1 sales / €m 2015 2016 REPORTED LFL ASIA 407 442 +8.6% +10.1% Other Asian countries 103 106 +3.2% +3.1% ◙ Buoyant activity in mature markets Japan + South Korea = 2/3 of sales, ~10% LFL growth Japan: successful launch of new non-stick cookware range, sales up in kettles, o
Slide 19: 3. 2016 Guidance
3. 2016 Guidance 2016 first-quarter sales and financial data – 28 April 2016 19
Slide 20: 2016 Outlook: objectives confirmed
2016 Outlook: objectives confirmed ◙ Q1 not representative of the full year ◙ Solid start to the year for the Group Very encouraging ◙ Recent FOREX movements At current rates, slightly less unfavorable FOREX impact on 2016 ORfA: - €120m ◙ Groupe SEB confirms its confidence in meeting its objecti
Slide 21: 4. Exhibits
4. Exhibits 2016 first-quarter sales and financial data – 28 April 2016 21
Slide 22: 2014-2015 quarterly sales restated according to new sales segmentation
2014-2015 quarterly sales restated according to new sales segmentation 2014 2015 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY EMEA 462 458 499 784 2 204 482 484 519 858 2 344 l-f-l growth vs. n-1 (%) + 4,1% - 0,3% + 1,6% + 4,5% + 2,7% + 7,9% + 5,2% + 5,7% + 7,5% + 6,7% Reported growth vs. n-1 (%) + 1,6% - 1,8% + 1
Slide 23: Schedule of upcoming events
Schedule of upcoming events 19/05/2016 2.30 pm 2016 General Shareholders Meeting 25/07/2016 6.30 am H1 2016 sales and results 25/10/2016 5:40 pm Q3 sales and financial data 2016 first-quarter sales and financial data – 28 April 2016 23
Slide 24: Contacts
Contacts Investors / Analysts Media relations Groupe SEB Image Sept Financial Communication Estelle Guillot-Tantay and Investor Relations Caroline Simon Isabelle Posth and Emmanuel Fourret Claire Doligez iposth@groupeseb.com egt@image7.fr efourret@groupeseb.com cdoligez@image7.fr caroline.simon@imag