Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — Q3 2022 Earnings Presentation
14 slides from Belysse Group NV's earnings presentation, Oct 27, 2022
Slide 1: Q3 2022 Results
27 October 2022 Q3 2022 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: Introduction
Introduction 1. Q3 2022 Financial Summary 2. Financial Review 3. Beyond 4. Conclusion 5. Q&A Cyrille Ragoucy Andy Rogiest Ruben Pattheeuws Chief Executive Officer Chief Financial Officer Strategic Project Director Chairman of the Board 3
Slide 4: Introduction: Appointment Managing Director Belysse Europe
Introduction APPOINTMENT MANAGING DIRECTOR BELYSSE EUROPE James Neuling was appointed Managing Director Belysse Europe. James joined the company on 3 October 2022 as a seasoned and dynamic executive who brings vast experience in a number of industries, including the textile industry, where he was th
Slide 5: Q3 2022 Financial Summary
Q3 2022 Financial Summary 34.1% 23.7% organic • Q3 2022 Consolidated Revenue of €91.2m YoY Revenue • Revenue growth by division: growth US 46.1%, Europe 21.6%, (consolidated) 10.4% FX impact (10.6)% organic 2.6% • Q3 2022 Consolidated Adjusted EBITDA of €10.9m YoY Adj. EBITDA • US €10.1m growth • Eu
Slide 6: Q3 2022 Group Revenue
Q3 2022 Group Revenue • Q3 2022 consolidated revenue amounted to €91.2m €m representing an increase of 34.1% YoY. • In the US, which represents more than half of our business, sales volumes grew double-digit and have reached pre-COVID 19 levels during the quarter. Higher price levels as well as favo
Slide 7: Q3 2022 Group Adjusted EBITDA
Q3 2022 Group Adjusted EBITDA Adj. EBITDA margin (%) 15.7% 12.0% • Q3 2022 Adjusted EBITDA increased to €10.9m €m (+2.6% YoY) with an Adjusted EBITDA margin of 12.0% (15.7% in Q3 2021). • US EBITDA increased from €7.0m to €10.1m (+43.8% YoY), reflecting the volume growth while offsetting increased i
Slide 8: Q3 2022 Cash flow
Q3 2022 Cash flow • Q3 2022 liquidity remains solid: €20.3m cash balance and €40m headroom under the revolving credit facilities. • Negative change in cashflow of €11.3m in Q3 2022, including €6.5m of debt repayments and interest payments. • The change in working capital is largely driven by the inp
Slide 9: Leverage 4.0x, excluding IFRS16
Leverage 4.0x, excluding IFRS16 €m Cash 106 87 87 54 55 29 24 32 20 • Net Debt significantly reduced with the LTM Adj. cash 59 64 86 85 78 70 34 33 33 transaction proceeds and leverage is below EBITDA pre-transaction level of March 2022. • Q3 Net Debt was €166m (including €34m of IFRS 16 impact) • U
Slide 10: BEYOND update
27 October 2022 BEYOND update
Slide 11: The Lean program in our plants is delivering results ahead of plan
The Lean program in our 3 plants is delivering results significantly ahead of the plan • Objective of this Lean program is to deliver €8m cumulative savings over a 4 year period, supported by €12m of CAPEX investments • September YTD results amount to €2.0m P&L savings vs. 2021, strongly ahead of th
Slide 12: ITC season launch November 2022
ITC season launch November 2022 Focus on sustainability Cutting down on CO2 We focus on reducing our carbon footprint and on creating innovative soft flooring that supports circularity and minimizes CO2 emissions. We do this by selecting recycled and recyclable materials. New collections with recycl
Slide 13: Conclusion
Conclusion Subject 13 US division saw its strong market position translated into sales and EBITDA growth • Revenue of both US and Europe improved compared to last year • Q3 Adjusted EBITDA increased YoY by 2.6% with Adjusted EBITDA margin of 12.0% • Strong liquidity of €60m at end Q3 2022 • Leverage
Slide 14: Q&A Session
27 October 2022 Q&A Session FY 2022 results release on 3 March 2023