Villeroy & Boch AG · XETR:VIB3
Villeroy & Boch — FY2020 Earnings Presentation
25 slides from Villeroy & Boch's earnings presentation, Feb 17, 2021
Slide 1: Annual Press Conference, Mettlach, 17 February 2021
in Villeroy & Boch 1748 Annual Press Conference Mettlach, 17" February 2021
Slide 2: Business Development 2020: Both Divisions catching up
Business Development 2020 AL Both Divisions "catching up" vk Villeroy & Boch 1748 Sales in m€ Villeroy & Boch Management Board Inf
Slide 3: Even Better: Operating Result 2020 at Previous Year's Level
Business Development 2020 ,Even Better’: Operating Result 2020 at Previous Year’s Level (49.5 m €) Operating | Operating J Operating | Operating Operating Result Result Result Result Result Qi Q2 Q3 Q4 2020 in m€ in m€ in m€ in m€ in m€ Operating Result at least 45 m€ v fi] Villeroy & Boch Managemen
Slide 4: Focus of the Bathroom Strategy on Europe and Asia
Business Development 2020 n Focus of the Bathroom Strategy on Europe and Asia Villeroy & Boch 1748 in m€ 2019 Ameri 41.2 Divestment in Mexico: Sale of the Ramos Plant — , ’ ki. Organizacion Corona S.A. (Colombia)
Slide 5: Sales in Europe stable despite Corona Pandemic
Business Development 2020 Sales in Europe stable despite Corona Pandemic “inm€ 2019 +2020 Europe 649.7 645.4 Villeroy & Boch Management Board Info, 22.02.2021
Slide 6: Strong Decline in Countries with major Pandemic Problems
Business Development 2020 Strong Decline in Countries with major Pandemic Problems Villeroy & Boch Management Board Info, 22.02.2021
Slide 7: Development in Central and Northern Europe
ent in Central and Northern Europe Villeroy & Boch Management Board Info, 22.02.2021
Slide 8: Wellness Trend: Sales with Outdoor Whirlpools above 10 m€
Business Development 2021 n Villeroy & Boch Wellness Trend: Sales with Outdoor Whirlpools above 10 m€ —
Slide 9: Regions with a large Project Share in the red due to Corona Pandemic
Business Development 2020 n Regions with a large Project Share in the red due to Corona Pandemic Villeroy & Boch 1748 in m€ 2019 Near/Middle East /Africa 23.0 112.3
Slide 10: Project Business severely affected by the Pandemic
Business Development 2020 Project Business severely affected by the Pandemic Sales I Sales 86.4 in m€ i" ' fF fF ' m ‘ id in m€ Aaa. & 763 ( _
Slide 11: Strong Growth in E-Commerce
Business Development 2020 Strong Growth in E-Commerce a Sales in m€ i ®) Sales A in m€ t+ 46.6% ) 4 v4 46.3 35.2
Slide 12: Share of E-Commerce in Tableware Sales increased
Business Development 2020 Share of E-Commerce in Tableware Sales increased to over 30 % Via our own E-Shop och Management Board Info, 22.02.202
Slide 13: Outlook 2021: Digital Trade Fair Inspiration Days
Outlook 2021 al Digital Trade Fair: ‘Inspirations Days' from 3" to 5‘ March 2021 — Villeroy & Boch 1748 WELCOME TO THE INSPIRATION DAYS oe THE FIRST: EVER GLOBAL Se “VIRTUAL FAIR OF: V&B:
Slide 14: Outlook 2021: ISH 2021 Digital Platform
Outlook 2021 ISH 2021: Digital Platform and Novelty Events as of Sprit ISH 2021. V & B ISH Digital Platform. Content MN ge Villeroy & Boch Management Board Info, 22,02.202
Slide 15: Operational Goals achieved after Forecast Adjustment
Financial Report 2020 Operational Goals achieved after Forecast Adjustment Key Figure Forecast Adjustment Forecast Adjustment October December 783 m€ Sales (max. 6% below PY) Operating Result (EBIT) 30-35 m€ at least 45 m€ Operating Return on Net . 9 Assets Lede 800.9 m€ 49.7 m€ 14.7 % S Bases Ville
Slide 16: Operating Result (EBIT) slightly above adjusted Previous Year
Financial Report 2020 Operating Result (EBIT) slightly above adjusted Previous Year Income Statement in m€ 2019 Revenue Costs of Sales Gross Profit General administrative Expenses 41.2 43.8 Other operating Income/Expenses 6.7 0.6 Operating Result (EBIT) 49.7 49.5 Return on sales over time _ 6.09 6.3
Slide 17: Group Result in 2020 at 22.9 m€
Financial Report Group Result in 2020 at 22.9 m€ Income Statement in m€ Revenue Costs of Sales 2019 Gross Profit Selling, Marketing and Development Costs - 228.8 - 261.6 General administrative Expenses - 41.2 - 43.8 Other operating Income/Expenses -6.7 0.6 Operating Result (EBIT) 49.7 49.5 Non-opera
Slide 18: Cash increases by 87.5 m€ in the Financial Year
Financial Report 2020 al Cash increases by 87.5 m€ in the Financial Year Villeroy & Boch 1748 Balance Sheet Sale of production plant Less investment Active working capi > Reduction of t > Reduction Villeroy & Boch Management Board Info, 22.02.2021
Slide 19: The Equity Ratio is 27.5%
Financial Report 2020 qn The Equity Ratio is 27.5% Villeroy & Boch 1748 Balance Sheet Villeroy & Boch Management Board Inf
Slide 20: Pleasing Development in Net Liquidity over the Course of the Year
Financial Report Pleasing Development in Net Liquidity over the Course of the Year Nov Villeroy & Boch Management Board Info, 22.02.202
Slide 21: Investments significantly reduced
Financial Report 2020 ft Investments significantly reduced Tre enc Investments in m€ Major Investments 2020 Bathroom and Wellness = New production machinery for ceramic plan particularly in Thailand, Hungary and Fran Tableware = Production systems for new table (including Pottery) = Modernization of
Slide 22: New Dryer is operated with waste Heat from the Kiln
Financial Report 2020 al New Dryer is operated with waste Heat from the Kiln Villeroy & Boch 1748 Villeroy & Boch Management Board Info, 22.02.2021
Slide 23: New Order picking System for the growing Need in E-Commerce
Slide 24: Annual Accounts 2020
Annual Accounts 2020 nd on Previous Year’s Level Earnings per ordinary share (operational) 1.16 € 1.21€ Earnings per preference share (operational) 1.11€ 1.16 € Dividend per ordinary share 0.50€ 0.50 € Dividend per preference share 0.55 € 0.55 € Villeroy & Boch Management Board Info, 22.02.202
Slide 25: Outlook 2021
Outlook 2021 Forecast 2021 Actual 2020 Forecast Sales 800.9 m€ +3t0+5% Operating Result (EBIT) 49.7 m€ +5to+ 10% Operating Return on Net Assets 14.7 % 14-15% Investments 19.9 m€ ~ 50 m€ Villeroy & Boch Management Board Info, 22.02.2021