Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — H1 2020 Earnings Presentation
11 slides from Belysse Group NV's earnings presentation, 2020
Slide 1: H1 2020 Results
H1 2020 Results Confidential
Slide 2: Disclaimer
Disclaimer In considering any performance information contained herein, you should bear in mind that past or projected performance is not necessarily indicative of future results, and there can be no assurance that any entity referenced herein will achieve comparable results or that illustrative ret
Slide 3: Introduction
Introduction Cyrille Ragoucy CEO Chairman of the Board H1 2020 Headlines and COVID-19 Update Jan-Christian Werner CFO Financial Review 3
Slide 4: H1 2020 Financial Summary
H1 2020 Financial Summary (24.7%) organic (24.2%) • H1 2020 Consolidated revenue of €266.4m YoY sales growth • Overall top-line decline in Commercial (-13.7%), Rugs (-29.6%) and (consolidated) Residential (-27.7%), caused by COVID-19 lockdowns +0.5% FX impact (51.8%) organic • H1 2020 Consolidated A
Slide 5: COVID-19 Update
COVID-19 Update Revenues dropped by more than 36% during Q2 2020 compared to Q2 2019 due to the global COVID-19 lockdowns. The shortfalls most severely impacted April, with an easing trend starting mid-May and continuing in June. • Rugs and Residential - revenues significantly declined as of mid-Mar
Slide 6: Group H1 2020 Revenue Performance
Group H1 2020 Revenue Performance H1 Growth (€m) H1 Growth (%) €m Organic -€86.8m -24.7% FX Impact +€1.8m +0.5% Reported -€85.0m -24.2% • All divisions saw material revenue declines caused by COVID-19 lockdowns. -29.6% -13.7% -27.7% -39.7% • Rugs performance dropped mid-March. US revenue ended sligh
Slide 7: Group H1 2020 Adjusted EBITDA and Margins
Group H1 2020 Adjusted EBITDA and Margins Adj. EBITDA margin (%) H1 H1 % €m 2020 2019 Change 10.6% 6.9% Rugs 1.0 9.2 (88.5)% €m Commercial 13.9 19.2 (27.5)% Residential 3.1 7.9 (60.9)% Non-Woven 0.2 1.0 (80.7)% Consolidated 18.3 37.3 (51.0)% Adjusted EBITDA • H1 EBITDA declined in all divisions YoY,
Slide 8: From Adjusted EBITDA to Net Income
From Adjusted EBITDA to Net Income H1 2020 H1 2019 €million Revenues 266.4 351.4 Adjusted EBITDA 18.3 37.3 Depreciation and amortisation (19.9) (19.4) Adjusted Operating Profit (1.6) 17.9 Non-recurring expenses in H1 2020 primarily in relation to the NEXT Non-recurring income/expenses (2.6) (3.1) pr
Slide 9: Cash Flow
Cash Flow €million H1 2020 H1 2019 Opening cash 19.2 26.8 Adjusted EBITDA 18.3 37.3 Non-recurring expenses (net) (2.6) (3.1) Non-recurring expenses in H1 2020 primarily in relation to the NEXT program Changes in provisions and FV of (0.6) (0.9) derivatives Cash generated before changes 15.1 33.3 in
Slide 10: Leverage of 5.9x, excluding IFRS16
Leverage of 5.9x, excluding IFRS16 €m 72.7 71.9 70.2 66.8 66.0 47.0 10
Slide 11: Q&A Session
Q&A Session 11