Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Balta Group — Q1 2022 Earnings Presentation
10 slides from Belysse Group NV's earnings presentation, May 13, 2022
Slide 1: Q1 2022 Results
13 May 2022 Q]1 2022 Results Balta Group nv
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 1. Q1 2022 Financial Summary 2. Financial Review 3. Conclusion 4. Q&A Cyrille Ragoucy Jan-Christian Werner Chief Executive Officer Chief Financial Officer Chairman of the Board 3
Slide 4: Q1 2022 Financial Summary continuing business
Q1 2022 Financial Summary continuing business 15.0% 11.4% organic • Q1 2022 Consolidated revenue of €75.0m YoY Revenue • Revenue growth by division: growth Commercial 15.7%, Residential PA 13.3% (consolidated) 3.6% FX impact (38.0)% organic (33.6)% YoY Adj. EBITDA • Q1 2022 Consolidated Adjusted EBI
Slide 5: Q1 2022 Revenue of the continuing business
Q1 2022 Revenue of the continuing business €m • Balta Group consolidated Q1 2022 revenue’s amounted to €171.7m representing an increase of 12.5% • In the continued Commercial business, both Europe and US reported double-digit revenue increase mainly due to the implemented price 15.7% 13.3% increases
Slide 6: Q1 2022 Adjusted EBITDA of the continuing business
Q1 2022 Adjusted EBITDA of the continuing business Adj. EBITDA margin (%) • Balta Group consolidated adjusted EBITDA Q1 2022 13.9% 8.0% amounted to €13.1m a decrease of 38.0% versus last year €m • Q1 Adjusted EBITDA increased and Q1 Adjusted EBITDA margin for Commercial only slightly decreased to 13
Slide 7: Pro forma cash Flow Q1 2022 from continuing operations
Pro forma cash Flow Q1 2022 from continuing operations • Pro forma cash for the continuing operations amounts to €24m. Total liquidity amounts to €65m, including €41m headroom under the new €45m revolving credit facilities. • The continuing operations consumed €11m of cash, mainly explained by: • In
Slide 8: Pro forma leverage of 3.8x, net debt significantly reduced as a result of the Disposal
Pro forma leverage of 3.8x, net debt significantly reduced as a result of the Disposal Strong liquidity and reduced leverage pro forma for the Disposal €m Cash 88 118 106 87 87 54 55 29 24 LTM Adj. cash400 47 51 59 64 86 85 78 70 34 EBITDA 351 • Pro forma Q1 2022 liquidity considerably 350 331 320 3
Slide 9: Conclusion
Conclusion Subject 9 First quarter of 2022 confirms recovery in Adjusted EBITDA for Commercial • Revenue of both Commercial and Residential PA improved compared to last year • Commercial market is not yet at pre COVID-19 levels • Q1 Adjusted EBITDA decreased YoY by 33.6% and Adjusted EBITDA margin f
Slide 10: Q&A Session
13 May 2022 Q&A Session H1 2022 results release on 26 August 2022