Naturhouse Health SA · BME:NTH
Naturhouse Health SA — H1 2021 Earnings Presentation
19 slides from Naturhouse Health SA's earnings presentation, Sep 17, 2021
Slide 1: 1H 2021 Results
1H 2021 Results September 17th 2021
Slide 2: Disclaimer
Disclaimer This document has been prepared by NATURHOUSE HEALTH S.A. (“NATURHOUSE” or the “Company”) for its exclusive use during the presentations announcing the Company’s results of 1H21. NATURHOUSE does not authorise its dissemination, publication or use by any other person, whether physical or l
Slide 3: Index
Index ❑ Main Figures ❑ Consolidated Profit & Loss Account ❑ Quarterly Evolution ❑ Sales and EBITDA by Country ❑ Naturhouse Centres ❑ Net Cash & Dividends ❑ Consolidated Balance Sheet ❑ Strategy & Outlook ❑ Price Sensitive Information Notes for the Period 3
Slide 4: Main Figures
Main Figures Naturhouse improves its profit despite COVID-19 crisis impact Naturhouse’s net profit raises up to 8 million euros Growth of the ONLINE channel in the main markets 2Q20 2Q21 % Sales 28.223 32.104 13,75% EBITDA 8.034 12.694 58,00% EBITDA Margin 28,5% 39,5% Net Profit 3.630 8.389 131,13%
Slide 5: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account 2Q20 2Q21 Var % Total sales 28.223 32.104 13,75% Procurements -8.152 -9.174 12,5% ❑ Remarkable grotwh versus 1H2020 sustaining Gross Margin 20.071 22.931 14,25% upward trend. % Gross Margin 71,1% 71,4% ❑Keeping reduction of the operating and general Staff Costs -6.
Slide 6: Quarterly Evolution
Quarterly Evolution Q2 shows an important market recovery Q2 presents sales promotion impacting positively on both EBIDTA and NET PROFI Due to the strategy set Companie’s Profit upwards nearly to Pre-Covid levels SALES EBITDA Mar.20 Mar.21 var % Mar.20 Mar.21 var % Francia 6.325 5.101 -19,35% Franci
Slide 7: Sales & EBITDA by Country
Sales & EBITDA by Country Sales according to country Sales according to country 2Q20 2Q21 var % France 10.553 11.050 4,7% Spain 5.719 6.880 20,3% Italy 7.407 9.405 27,0% ❑ Turnover at the end of 2Q 2021 stands at €31,104m. Poland 3.668 3.777 3,0% ✓ The increase in the total sales figure, is conseque
Slide 8: Naturhouse Centres
Naturhouse Centres 1,725 centres in 28 countries -63 net closes in 1H 2021 as part of the company’s business optimisation plan to improve the average revenue per store Total centres 2.279 2.360 2.283 Net openings: 2.123 2.188 1.954 1.788 1.725 -50 franchises mainly due to the company’s business opti
Slide 9: Net Cash Position & Dividends
Net Cash Position & Dividends Naturhouse maintains a solid financial position and an attractive shareholder remuneration policy (1) Net cash position Dividends 26.625(*) 22.585 25.675 (*) 22.800 20.400 15.087 14.940 14.099 12.814 16.950 10.880 14.050 15.000 11.600 5.191 5.372 -114 0 0 2013 2014 2015
Slide 10: Balance Sheet
Balance Sheet 2020 2Q20 Intangible assets 972 875 Property, plant & equipment 3.998 3.321 Non current financial assets 696 566 ❑ Property, plant and equipment has been Investment in associated companies 3.276 4.241 reduced due to Naturhouse strategy of closing some of its direct operating stores to
Slide 11: Strategy and Outlook
Strategy and Outlook Our main goal is t keep creating value for our shareholders and being at the top of Spanish Share Market in terms of dividend pay out. Strategy ✓ After the experience in the development of the digital business in the British and North American market, the group has decided to im
Slide 12: Material Facts for the period
Material Facts for the period Material facts for the period ❑ March 01, 2021: Annual Corporate Governance Report ❑ March 01, 2021: Board Members’ Compensation Report ❑ March 01, 2021: Corporate Social Responsibility Report ❑ March 01, 2021: 2020 Results ❑ May 14, 2021: Call for 202 General Sharehold
Slide 13: Contact
CONTACT Manuel Castro Pérez CFO Tel: +34 914323953 Email: [email protected] 13
Slide 14: Company evolution due to the impact of Covid-19
Company evolution due to the impact of Covid-19 The progressive de-escalation in Europe together with the reduction in restrictions on mobility and the good rate of vaccination of the population have been reflected in the favourable evolution of commercial activity, especially from the second quarte
Slide 15: Cumulative sales 2021 vs 2020
Cumulative sales 2021 vs 2020 109% 116% 114% 87% 71% 65% January February March April May June 2021 2020 The good evolution of online sales in 2021 also stands out; this played a very prominent role during the most severe months of the pandemic in 2020. As of the close of June, the online channel ac
Slide 16: Evolution of centres 2021 vs 2020
Evolution of centres 2021 vs 2020 143% 93% 90% 77% 77% 80% January February March April May June 2021 2020 Evolution of the contingency plan From the start of the pandemic, the company defined a contingency plan aimed at adapting operations and guaranteeing business continuity in order to: o Minimis
Slide 17: Wage burden 2021 vs 2020
Wage burden 2021 vs 2020 83% 85% 75% 60% 62% 56% January February March April May June 2021 2020 Wage burden: Wages and salaries + Social security spending Although advertising is a fundamental element in the commercial strategy, the company has moderated the spending on this item since the start of
Slide 18: Mobility restrictions and liquidity measures
The restrictions on mobility imposed by countries during the early months of the pandemic to prevent the spread of the virus meant that the company cancelled travel and other staff commitments. This measure represented a drastic reduction in spending during the 2020 financial year, a trend that has
Slide 19: Contingency plan
Contingency plan Measures implemented by the company in 2021 to face the evolution of the pandemic: Staff o Europe: temporary layoffs due to force majeure in Spain, France and Italy, which will extend into the third quarter. Other operating costs o Strictly necessary spending on staff travel, priori