Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Balta Group — Q1 2018 Earnings Presentation
10 slides from Belysse Group NV's earnings presentation, May 3, 2018
Slide 1: Q1 2018 Results
Yabalta Q1 2018 Results
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: Q1 Financial Headlines
Q1 Financial Headlines (10.4%) organic • Rugs organic decline as expected given partial loss in share of wallet +4.3% and strong prior year comparative of +17.2% (2.1%) FX impact yoy sales growth (consolidated) • Residential organic decline of 14.3% reflecting poor trading +16.8% M&A(1) contribution
Slide 4: Progress Made on the Six Key Priorities for 2018
Progress Made on the Six Key Priorities for 2018 Grow Profitable Revenue: Deliver increased level of cost savings: 1. Continue to grow Rugs sales in North America 4. Deliver the full benefits of the restructuring of • by increasing channel penetration and broadening the operational footprint in Resi
Slide 5: 2018 Outlook Remains Unchanged and Q1 Performance is In-Line with Our Overall Guidance
2018 Outlook Remains Unchanged and Q1 Performance is In-Line with Our Overall Guidance • Expect 2018 EBITDA to be between €82m and €87m – Trends of H2 2017 to continue in H1 2018 – Rugs H1 revenue down by mid-teens due to timing effect of gains and losses in customers ‘share of wallet’ – Our earning
Slide 6: Group Q1 Revenue Performance
Group Q1 Revenue Performance (11.8%) +0.2% (14.3%) +3.9% (2.1%) +16.8% Rugs organic decline as expected, given partial Residential organic decline reflecting poor loss in ‘share of wallet’ and strong prior year trading conditions and bad weather in the UK comparative of +17.2% 6
Slide 7: Group Q1 EBITDA and Margins
Group Q1 EBITDA and Margins Adj. EBITDA margin (%) 12.9% 10.0% 9.5% (8.8%) +16.1% Raw materials headwinds from H2 2017 Q1 FX impact in Rugs of €1.4m expected to impacting H1 2018 in all divisions neutralise over the year 7
Slide 8: Leverage of 3.3x (Net Debt of €264.3m) Compared to 3.9x a Year Ago
Leverage of 3.3x (Net Debt of €264.3m) Compared to 3.9x a Year Ago and 2.9x at December 2017 Acquisition of Bentley 385 Post deleveraging using primary IPO net proceeds 269 268 264 257 254 3,9x 3,3x 3,3x 2,9x 2,9x 2,6x Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 8
Slide 9: 2018 Outlook Remains Unchanged and Q1 Performance is In-Line with Our Overall Guidance
2018 Outlook Remains Unchanged and Q1 Performance is In-Line with Our Overall Guidance • Expect 2018 EBITDA to be between €82m and €87m – Trends of H2 2017 to continue in H1 2018 – Rugs H1 revenue down by mid-teens due to timing effect of gains and losses in customers ‘share of wallet’ – Our earning
Slide 10: Q&A Session
Q&A Session 10