Berentzen-Gruppe AG · XETR:BEZ
Berentzen-Gruppe — H1 2019 Earnings Presentation
11 slides from Berentzen-Gruppe's earnings presentation, Aug 13, 2019
Slide 1: Successful H1 19 – strategic transformation starts to bear fruit
Successful H1 19 – strategic transformation starts to bear fruit 13 August 2019
Slide 2: Highlights H1 19: Berentzen on a good track
Highlights H1 19: Berentzen on a good track Slight revenue increase of 1.1% to EUR 79.2m Fresh Juice systems up by 6.1% Non-alcoholic beverages up by 4.8% Spirits below previous year (-2.3%) Substantially enhanced profitability – EBIT up 10.1% to EUR 5.0m Improved overall- and relative gross
Slide 3: Strategy measures start to bear fruit already in H1 19
Strategy measures start to bear fruit already in H1 19 in EURm H1 18 H1 19 yoy Revenue 78.4 79.2 +1.1% Gross profit 35.9 37.4 +4.3% Gross margin 45.1% 46.5% +140 BP EBITDA 8.2 9.0 +10.8% EBITDA margin 10.4% 11.4% +100 BP EBIT 4.6 5.0 +10.1% EBIT margin 5.8% 6.3% +50 BP Net income 2.7 2.8 +3.7% Net i
Slide 4: Gross margin driven by positive mix effects (segments, products)
Gross margin driven by positive mix effects (segments, products) Sales Sales Gross Margin Gross Profit 6M 18/19 Volume Revenues in % total Spirits* Non Alcoholic Beverages Fresh Juice Systems Group n/a Consolidated sales revenues is an important, but not the most important figure Comments Stee
Slide 5: Spirits with revenue decline due to market transformation
Spirits with revenue decline due to market transformation in EURm H1 18 H1 19 yoy Revenue 44.9 44.0 -1,9% Volume of 0.7l bottles H1 18 H1 19 yoy Brands Germany 9.8 9.5 -3,9% Export Brands 2.3 2.1 -5,9% Private Label 26.6 26.3 -1,1% Total Spirits 38.7 37.9 -2,1% Volume of 0.7l bottles in Germany H1 1
Slide 6: Non-Alcoholic Beverages: Success story of Mio Mio continues
Non-Alcoholic Beverages: Success story of Mio Mio continues in EURm H1 18 H1 19 yoy Revenue 24.1 25.3 +4.8% Volume H1 18 H1 19 yoy m hectolitres 0.86 0.87 +2.8% Development of subsegments (litres) H1 19 Own water brands yoy +4.5% Own lemonade brands yoy -7.3% Mio Mio yoy +34.4% Core brand Mio Mio
Slide 7: Fresh Juice Systems with turnaround following strategic roadmap
Fresh Juice Systems with turnaround following strategic roadmap in EURm H1 18 H1 19 yoy Revenue 9.4 9.9 +6.1% Volume H1 18 H1 19 Machines 1,149 1,251 +8.9% Oranges in kg (000´s) 3,619 3,935 +8.7% Bottles (000´s) 8,471 9,321 +10.0% Revenue and earnings turnaround, driven by new management focus on
Slide 8: Solid financial structure to finance future growth measures
Solid financial structure to finance future growth measures in EURm 12/31/2018 06/30/2019 Comments Total Assets / Equity and Liabilities 145.0 134.6 Equity Ratio 32.7% 35.4% Solid financial structure Net Cash (+) / Net Debt (-) 7.6 -1.4 Equity ratio increased to 35.4% Net cash / Net debt lower i
Slide 9: Forecast confirmed – new product launches in H2 drive confidence
Forecast confirmed – new product launches in H2 drive confidence FY 19 Forecast in Forecast Comment in EURm 2018 FY 18 Annual Report Update H1 19 Contribution margin Spirits: after marketing budgets Segment Upside potential in H2 from new Spirits 27.5 27.4 to 30.3 unchanged product launches (“Sign
Slide 10: Future profitable growth through commercial excellence and innovation
Future profitable growth through commercial excellence and innovation ACCELERATION => Consumer centric value strategy TRANSFORMATION => Sustainable top line growth with higher profitability => Focus on trading-up => Competitive innovation innovation strategy pipeline => Portfolio de-complexity STAGN
Slide 11: Additional information
Additional information Financial calendar 13 August 2019 Half-year results 23-24 September 2019 Participation Berenberg and Goldman Sachs Conference, Munich 24 October 2019 Q3 Interim report 25-26 November 2019 Participation “Deutsches Eigenkapitalforum”, Frankfurt/Main Contact Investor Rela