Leifheit AG · XETR:LEI
Leifheit — H1 2019 Earnings Presentation
27 slides from Leifheit's earnings presentation, Aug 13, 2019
Slide 1: Investor Presentation August 2019
Corporate Design Die neuen Powerpoint Vorlagen Investor Presentation August 2019
Slide 2: Disclaimer
Disclaimer This presentation contains forward looking statements which are based on the management’s current estimates with regard to future developments. Such statements are subject to risks and uncertainties which are beyond Leifheit’s ability to control or estimate precisely, such as statements o
Slide 3: Agenda
Agenda • Introduction to Leifheit • Financial Figures 6M 2019 • Key strategic initiatives • Forecast Financial Year 2019 • Investment Highlights Investor presentation August 2019 3
Slide 4: Introduction to Leifheit
Introduction to Leifheit
Slide 5: Tradition – Innovation – Vision
Introduction to Leifheit Tradition – Innovation – Vision 2019 1959 Investor presentation August 2019 5
Slide 6: We are your leading experts for solutions at home
Introduction to Leifheit “We are your leading experts for solutions that make your everyday life at home more easy and convenient” Leifheit Group Household Wellbeing Private Label • High-quality branded products with a high degree of consumer • Products in mid-price benefit, mid to upper price segme
Slide 7: One of the leading suppliers of household products in Europe
Introduction to Leifheit One of the leading suppliers of household products in Europe Cleaning Laundry care 34 % Turnover share 43 % Turnover share Easy and convenient solution Laundry dryers, ironing boards and storage for every cleaning demand for fresh, clean and well-kept laundry Kitchen goods W
Slide 8: Experienced Management Board
Introduction to Leifheit Experienced Management Board Henner Rinsche Ivo Huhmann Igor Iraeta Munduate CEO CFO COO born 1970 born 1969 born 1974 Previous experience Previous experience Previous experience • President Europe at • Many years of management • Many years of experience SodaStream experienc
Slide 9: Present in leading distribution channels
Introduction to Leifheit Present in leading distribution channels TOP-10 clients (50 % of turnover) Turnover by distribution channel in € m 80 60 Turnover share E-Commerce 15 % 40 20 0 Discounter Hypermarkets Electro DIY Cash&Carry E-Commerce Retail-/Whole sale, Others Importers/Exporters Department
Slide 10: Operating in more than 80 countries with 15 own branches
Introduction to Leifheit Operating in more than 80 countries with 15 own branches Paris/F (Leifheit/Birambeau) Nassau/D (Leifheit/Soehnle) • About 80 employees • About 320 employees • Marketing, sales • Marketing, sales, development, quality and administration assurance, central administration • Man
Slide 11: Financial Figures First half 2019
Financial Figures First half 2019
Slide 12: Good start in Q1 was followed by a restrained second quarter
Financial Figures first half 2019 Good start in Q1 was followed by a restrained second quarter 6M 2018 6M 2019 ∆ Group Turnover €m 121.5 121.5 -- Gross margin % 44.0 42.8 -1.2 pps Foreign currency result €m 0.1 0.2 >100 % EBIT €m 6.8 5.0 -25.9 % EBIT margin % 5.6 4.1 -1.5 pps Earnings before taxes (
Slide 13: Group turnover on par with previous year
Financial Figures first half 2019 Group turnover on par with previous year Group turnover by segment Group turnover by segment 6M 2018 vs 6M 2019 in € m 6M 2019 Private 121.5 121.5 Label 11.6 % 130 80.7 % Household 120 14.8 14.1 Wellbeing 7.7 % Wellbeing 110 100 9.0 9.4 Private Label Household 90 80
Slide 14: 15% growth in TV-advertising test market Eastern Europe
Financial Figures first half 2019 15 % growth in TV-advertising test market Eastern Europe Group turnover by region Group turnover by region 6M 2018 vs 6M 2019 in € m 6M 2019 60 56.7 54.3 3.5 % 6M 2018 12.6 % Germany 50 47.8 47.6 44.7 % 6M 2019 Central Europe 40 Eastern Europe Rest of the 30 39.2 %
Slide 15: Free Cash Flow improved, still too much impacted by working capital
Financial Figures first half 2019 Free Cash Flow improved, still too much impacted by working capital in € m 6M 20182 6M 2019 ∆ Cash flow from operating activities 3.0 6.0 3.0 Cash flow from investment activities 13.1 -2.7 -15.8 Cash flow from financing activities -10.0 -10.3 -0.3 Change in cash and
Slide 16: Solid finance structure of the Group
Financial Figures first half 2019 Solid finance structure of the Group Balance sheet ratios in Mio. € Assets Liabilities 250 250 222 214 222 214 Cash and 200 financial assets 200 51 44 55 52 Inventories 150 150 Other provisions 46 45 and liabilities Receivables and 65 71 Pension reserves other curre
Slide 17: Average number of employees declined at Czech plant
Financial Figures first half 2019 Average number of employees declined by workload-related fluctuations at Czech plant Employees by segment Employees 1 Jan to 30 Jun (average) By Region / 30 Jun 2019 Private 7.7% 1.200 1,133 1,119 Label 14.4% 37.4% 161 Wellbeing Germany 158 1.000 50 53 Czech Republi
Slide 18: Key strategic initiatives 2019
Key strategic initiatives 2019
Slide 19: Strengthening strategy to consistently address growth themes
Key strategic initiatives Strengthening strategy to consistently address growth themes Q4/2019 Implemented Ongoing 2020 (15% Growth 1HJ2019) Interlock Online and Drive consumer- International Increased efficiency Offline sales oriented product geographic and speed from channels, establish innovation
Slide 20: Internationalization: Increased investments in Eastern Europe
Key strategic initiatives Internationalization: Increased investments in Eastern Europe • Expansion of brands through targeted sales activities • Focus on selected Eastern European markets with attractive growth opportunities • Increased marketing spending in Eastern Europe Investor presentation Aug
Slide 21: Increased marketing investments in Eastern Europe led to significant growth rates
Key strategic initiatives Increased marketing investments in Eastern Europe led to significant growth rates Germany Eastern Europe Growth rates vs. Consumer Marketing spending Growth rates vs. Consumer Marketing spending in relation to turnover in relation to turnover 20 5% 20 3.4% 5% 3.0% 3.2% 15 1
Slide 22: Roll-out Eastern Europe strategy to Germany and other core markets
Key strategic initiatives Roll-out Eastern Europe strategy to Germany and other core markets • Less consumer advertising in Germany in the last years led to declining consumer demand and stagnating turnover, forced to forgo necessary price increases, led to pressure on gross margins. • Impleme
Slide 23: Forecast Financial Year 2019
Forecast Financial Year 2019
Slide 24: 2019: Turnover growth of roughly 3% and EBIT of around m€ 9 to 10
Financial Forecast 2019: Turnover growth of roughly 3% and EBIT of around m€ 9 to 10 expected Economic ► Slowdown in growth due to increasing global and economic tensions environment ► Economic slowdown in the EU despite good domestic demand 2019 ► Retail trade growth in Germany weak ► European cons
Slide 25: Investment Highlights
Investment Highlights Long-standing Excellent Non-cyclical Strong brands Innovation track record products business Leifheit and capability For 60 years one of High-quality innovative Leifheit products Soehnle Demand-oriented the leading suppliers products for cleaning, used every day High awareness
Slide 26: Your Questions please.
Corporate Design Die neuen Powerpoint Vorlagen Your Questions please.
Slide 27: Aktiengesellschaft Postfach Nassau
Aktiengesellschaft Postfach 11 65 D-56377 Nassau