Elica S.p.a. · MIL:ELC
Elica — FY2016 Earnings Presentation
11 slides from Elica's earnings presentation, 2017
Slide 1: 2016 Preliminary Results
2016 Preliminary Results 2016 Preliminary Results 1
Slide 2: Q4 '16 Highlights
2016 Preliminary Results Q4 ‘16 Highlights Overall market demand continue to increase 1.8%, with all markets growing Quarterly Net Sales increase 4.4%, driven by strong Cooking Own brand business growth +17.3%, mostly due to Elica brand performance +24.7% EBITDA adjusted* decrease by 37.7%, af
Slide 3: Q4'16 Cooker Hoods Industry Unit Shipments
2016 Preliminary Results Q4’16 Cooker Hoods Industry Unit Shipments* Volume Data_Change % vs Y-1 Q4 ’16 FY ‘16 Western Europe 3.0% 3.0% Eastern Europe (including CIS) 2.5% 1.1% Europe 2.8% 2.3% North America 5.0% 4.8% Latin America 0.6% (0.6)% Americas 3.3% 2.6% Rest of the World 0.9% (0.1)% World 1
Slide 4: Elica Sales Breakdown by Geography
2016 Preliminary Results Elica Sales Breakdown by Geography Q4 ‘16 12M ‘16 Americas (3.5)% 0.6% Europe 4.2% 3.9% Rest of the World 14.6% 9.7% Total 4.4% 4.2% 4
Slide 5: 12M '16 Consolidated Income Statement
2016 Preliminary Results 12M ‘16 Consolidated Income Statement €M 12M’16 12M’15 Δ% Net Sales 439.3 421.6 4.2% EBITDA Adj 32.4 35.3 (8.2)% % 7.4% 8.4% (1.0) p.p. EBIT Adj 13.7 17.9 (23.6)% % 3.1% 4.3% (1.2) p.p. EBIT 6.5 16.2 (60.1)% % 1.5% 3.8% (2.3) p.p. Net Result Adj 3.2 9.4 (66.0)% % 0.7% 2.2% (
Slide 6: Q4 '16 Consolidated Income Statement
2016 Preliminary Results Q4 ‘16 Consolidated Income Statement €M Q4’16 Q4’15 Δ% Net Sales 118.3 113.3 4.4% EBITDA Adj 7.4 11.8 (37.7)% % 6.2% 10.4% (4.2) p.p. EBIT Adj 2.5 7.4 (66.6)% % 2.1% 6.5% (4.4) p.p. EBIT (3.0) 6.9 (143.4)% % (2.5)% 6.1% (8.6) p.p. Net Result Adj (2.1) 4.3 (149.1)% % (1.8)% 3
Slide 7: 12M '16 Marginality Key Drivers
2016 Preliminary Results 12M ‘16 Marginality Key Drivers Change vs. 2015 12M ‘16 Volume/Price/Mix + Production efficiency ++ Currency + Cost efficiency --- EBITDA (5.4) 7
Slide 8: Net Working Capital as of December 31
2016 Preliminary Results Net Working Capital as of December, 31 €M 12M’13 12M ‘16 12M’13 12M ‘15 Δ Trade receivables 70.6 68.5 2.1 % on annualized sales 16.1% 16.2% (0.1) p.p. Inventories 67.7 62.7 5.0 % on annualized sales 15.4% 14.9% 0.5 p.p. Trade payables (114.8) (99.5) (15.4) % on annualized sa
Slide 9: Consolidated Cash Flow as of December 31
2016 Preliminary Results Consolidated Cash Flow as of December, 31 €M Q4 ’16 Q4 ’15 12M ’16 12M ’15 Operating Cash Flow 13.0 16.1 28.8 26.1 CapEx (9.1) (5.7) (28.3) (19.9) Cash Flow from Financing Activities (1.5) (1.3) (7.2) (7.5) FX impact on NFP (0.6) 0.1 (1.0) (0.3) ∆ Net Financial Position 1.8
Slide 10: Net Financial Position Evolution
2016 Preliminary Results Net Financial Position Evolution €M NFP MWC % * 11.6% 11.3% 10.8% 10.4% 10.3% 10.5% 9.9% 9.7% 8.5% 8.6% 8.6% 8.4% 7.5% 7.1% 6.9% 68.8 64.4 62.3 56.7 62.0 60.9 57.7 51.4 65.0 63.8 62.2 53.0 62.0 61.9 62.5 60.8 5.3% Q1 '13 Q2 '13 Q3 '13 Q4' 13 Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '1
Slide 11: Disclaimer
2016 Preliminary Results Disclaimer This presentation contains forwards-looking information and statements about Elica S.p.A and its Group. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assum