Societe BIC SA · EURONEXT:BB
Societe BIC SA — H1 2020 Earnings Presentation
75 slides from Societe BIC SA's earnings presentation, Sep 29, 2020
Slide 1: Group Presentation for Investors H1 2020 Results
GROUP PRESENTATION FOR INVESTORS H1 2020 Results 1
Slide 2: Q2 & H1 2020 Results Highlights
Q2 & H1 2020 RESULTS HIGHLIGHTS
Slide 3: H1 2020 Key Messages
H1 2020 Key Messages • Weak underlying trends worsened by an uneven COVID-19 epidemic impact • Developing countries, where traditional stores are dominant, deeply hit by extended quarantines periods and disrupted supply chains • In Mature markets, Superstores and Office Supply channels heavily impac
Slide 4: Q2 & H1 2020 Key Figures
Q2 & H1 2020 KEY FIGURES NET SALES NORMALIZED IFO NET CASH FROM NORMALIZED EPS NET CASH Change on a NIFO Margin % OPERATING comparative basis % ACTIVITES POSITION Q2 2020 Q2 2020 Q2 2020 Q2 2020 418.9 M€ 67.5 M€ 1.27€ (-18.1%) 50.8M€ -21.5% 16.1% H1 2020 H1 2020 H1 2020 H1 2020 H1 2020 41.5M€ 775.8
Slide 5: Q2 & H1 2020 Category Spotlights
Q2 & H1 2020 CATEGORY SPOTLIGHTS
Slide 6: Stationery Market & BIC Performance
STATIONERY MARKET & BIC PERFORMANCE EUROPE** U.S.** Net Sales NIFO 0.5% 0.3% 0.5% Q2 166.9 M€ Q2 18.2 M€ 0.3% H1 293.9 M€ H1 19.0 M€ BIC market BIC market share share Net Sales* NIFO margin 14.9% 9.2% 10.9% +0.4 pts +0.1 pts 4.2% 2.8% 0.7% -9.8% -10.2% -2.3% -1.7% -4.8% -5.8% 2018 2019 2020 YTD 2018
Slide 7: Lighters Market & BIC Performance
LIGHTERS MARKET & BIC PERFORMANCE Net Sales NIFO U.S. Non-Refillable Pocket Lighter** Q2 147.3 M€ Q2 52.5 M€ 2.6% 1.50% BIC total market share H1 268.2 M€ H1 87.3 M€ -0.8% -0.9% -1.8% -2.1% YTD Net Sales* NIFO margin -5.9% -5.7% +0.6 pts 2018 2019 2020 YTD June 2020 13 Weeks 39.8% Total US Convenien
Slide 8: Shavers US Market Performance
SHAVERS US MARKET PERFORMANCE** 0.9% Net Sales NIFO 14.3 M€ -2.9% -3.8% -2.2% -2.3% Q2 98.6 M€ Q2 -4.2% -5.9% -5.5% -6.5% 2018 2019 2020 YTD June H1 200.7 M€ 21.9 M€ Total Refillable One Piece H1 BIC’s US MARKET SHARE / One Piece segment** Net Sales* NIFO margin In value (in pts) 20.2% 1.9 1.7 1.9 1
Slide 9: Market Share Gains
Market Share Gains Stationery in France U.S. Utility Lighters Shavers in Brazil YTD May 1.1% YTD June 13 weeks 21.3% 22.4% 50.4% 37.8% 35.6% 24.3% -4.6% Market in Value BIC sell-out in Value VAL U.S. Market in Value BIC sell-out in value YTD MAY '19 YTD MAY '20 BIC market share YTD May BIC market sh
Slide 10: Q2 & H1 2020 Net Sales Evolution
Q2 & H1 2020 NET SALES EVOLUTION Change in Argentina Change on Change FX impact* Perimeter** impact*** a comparative In million euros Q2 2019 Q2 2020 as reported (in points) (in points) (in points) basis*** Q2 2020 Net Sales 544.8 418.9 (23.1)% (1.5) (0.1) 0.0 (21.5)% -8.0M€ In M€ USD +3.6 BRL -6.1
Slide 11: H1 2020 From Net Sales to IFO
H1 2020 FROM NET SALES TO IFO In million euros Change on a constant currency Change on a H1 19 H1 20 Change as reported basis* comparative basis* Net Sales 960.2 775.8 (19.2)% (17.7)% (18.2)% (22.4%) Gross Profit 478.5 371.2 Normalized Income 153.1 92.9 (39.3%) from Operations* Income from 126.1 24.
Slide 12: Q2 2020 Key Components of Normalized IFO Margin
Q2 2020 KEY COMPONENTS OF NORMALIZED* INCOME FROM OPERATIONS MARGIN 18.1% + 0.1% + 1.1% - 3.2% 16.1% 13.1% + 5.0% - 1.3% COGS: -4.1pts Net Sales in decrease: -6.2 pts - 10.0% OPEX & related expenses: -0.5 pts - 4.6% 0.2% Q2 2019 Income Q2 2019 Q2 2019 Change in Gross Brand Support OPEX and Other Q2
Slide 13: H1 2020 Key Components of Normalized IFO Margin
H1 2020 KEY COMPONENTS OF NORMALIZED* INCOME FROM OPERATIONS MARGIN 15.9% + 0.5% + 0.2% 13.1% + 2.8% COGS: -2.2 pts - 4.6% 12.0% OPEX & related expenses: -0.3 pts - 1.0% Net Sales decrease: -5.9 pts - 5.4% 3.1% -2.5% H1 2019 Income H1 2019 H1 2019 Change in Gross Brand Support OPEX and H1 2020 H1 20
Slide 14: H1 2020 From NIFO to Group Net Income
H1 2020 FROM NIFO TO GROUP NET INCOME In million euros H1 2019 H1 2020 Normalized* IFO 153.1 92.9 Non-recurring items** 27.0 68.9 IFO 126.1 24.0 Finance revenue/costs (1.7) +9.9 Income before Tax 124.4 33.9 Income tax expense (34.8) (11.8) Effective tax rate 28.0% 34.8% Net Income Group share 89.6 2
Slide 15: Working Capital
WORKING CAPITAL Inventories in million euros BIC Group Stationery 234.0 In million euros June 2019 June 2020 Total Working Capital 736.1 648.3 Lighters 139.9 Of which inventories 494.8 484.9 Shavers 102.2 Of which Trade and other receivables 639.6 517.1 Of which Trade Other Products 8.8 and other pa
Slide 16: 30 June 2020 Net Cash Position
30 JUNE 2020 NET CASH POSITION In million euros Operations 95.6 - 9.9 - 31.2 146.9 Net Cash From Operating activities +85,7M€ -110.2 -7.4 -2.7 41.5 -39.6 December 2019 Operating cash flow Change in working CAPEX Dividend Payment Net cash from Acquisitions* Others (mainly FX) June 2020 Net Net Cash P
Slide 17: Conclusion: H2 2020 Main Risks Associated with COVID-19
CONCLUSION H2 2020: MAIN RISKS ASSOCIATED WITH THE COVID-19 PANDEMIC • Lower consumer spending and in-store traffic affecting our three categories. • Timing, roll-out, and conditions of the re-opening of schools and universities in the Northern hemisphere remain uncertain and could jeopardize the su
Slide 18: Conclusion: Our Priorities for 2020
CONCLUSION OUR PRIORITIES FOR 2020 For the balance of the year, we will continue to focus on protecting Operating Cash Flow generation, and we are on track to achieving the actions announced in May to mitigate the impact of the crisis: Managing OPEX, the negative impact of Net Sales decrease on No
Slide 19: Group Overview
GROUP OVERVIEW
Slide 20: History at a Glance
HISTORY AT A GLANCE Marcel Bich The Group starts its 1975 launches the BIC® international Cristal, the first high expansion in Europe quality ballpoint pen at an affordable (Italy, UK, …), Latin America 1973 First BIC® one-piece shaver is introduced. price It is sold under (Brazil), Africa (South th
Slide 21: Key Strengths
KEY STRENGTHS Worldwide Solid Balance Our Products Our Brands Leadership Sheet Nᵒ2 Stationery cc. 8.5% market Share* €146.9M Net Cash Position at the end of 2019 Nᵒ1 Lighters cc. 50% market Share** Nᵒ2 Shavers cc. 20% market share*** of one-piece USA and Europe * Euromonitor 2019 edition Writing ins
Slide 22: Q2 2020 Net Sales Breakdown
Q2 2020 NET SALES BREAKDOWN BY CATEGORY BY GEOGRAPHY Other products Europe NAM Shavers Stationery 39% 40% 29% 24% LATAM Lighters 32% 35% 22
Slide 23: International Manufacturing Footprint
INTERNATIONAL MANUFACTURING FOOTPRINT 26 FACTORIES in 4 CONTINENTS* 92% of BIC® consumer products are produced in BIC-owned factories Stationery* (16 plants) Lighters (5 plants) Shavers (4 plants) Updated on July 31, 2020 * Including BIC Graphic 23
Slide 24: Solid Financial Performance in 2019 (1/2)
SOLID FINANCIAL PERFORMANCE IN 2019 (1/2) NET SALES ORGANIC GROWTH ADJUSTED EBIT MARGIN 6.2% 5.9% 4.9% 4.2% 20.2% 19.8% 3.6% 18.2% 18.7% 18.1% 3.3% 3.1% 17.3% 17.0% 2.8% 16.3% 16.5% 16.1% 15.9% 15.1% 1.6% 1.4% 1.5% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -0.6% -1.9% 2014 201
Slide 25: Solid Financial Performance in 2019 (2/2)
SOLID FINANCIAL PERFORMANCE IN 2019 (2/2) CASH FLOW TOTAL SHAREHOLDERS’ REMUNERATION In M€ In M€ 381 367 349 318 299 304 264 239 302 208 215 243 258 186 181 180 212 194 121 120 124 112 114 132 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 Net Cash from Operating Activities CAPEX Free C
Slide 26: CAPEX – Depreciation & Amortization
2019 CAPEX – DEPRECIATION & AMORTIZATION 186 181 33% Stationery 10% Others 125 113.6 M€ 121 123.8 112 113.6 107 101.4 21% 36% 90 94 93 93 89 Shavers Lighters 77 81 75 71 72 75 63 53 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CAPEX Depreciation and Amortization 26
Slide 27: Total Shareholders' Remuneration
TOTAL SHAREHOLDERS’ REMUNERATION Proposal of 2.45 euros Ordinary Dividend per share* 39.2 million euros Share Buyback in 2019 In million euros 6.77 6.24 6.26 In euros 5.87 101.4 5.53 5.58 97.1 5.33 5.47 5.21 80.2 81.6 4.44 3.40 3.45 3.45 3.45 3.48 2.85 2.56 2.60 2.50 54.1 2.45 2.20 42.0 1.90 1.80 39
Slide 28: Use of Cash (1/2)
USE OF CASH (1/2) 114 million euros CAPEX 1 in 2019 Invest to prepare the future Bolt-on strategic Selected M&A acquisitions 2009 2009 2009 2011 2013 2014 2015 2018 2019 APP Cello Pens Norwood Angstrom Cello Pens Cello Pens Cello Pens Haco Industries Lucky Stationery Promotional (Partnership) Promot
Slide 29: Use of Cash (2/2)
USE OF CASH (2/2) In euros Dividend per share Special Dividend 2 3.40 3.45 3.45 3.45 2.56 2.6 2.85 2.45 PAY-OUT RATIO 2.50 Ensure a steady 1.9 2.2 1.80 1.4 45% based growth of the 1.35 1.00 on 2019 Normalized EPS ordinary dividend 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 In millio
Slide 30: BIC 2022 - Invent the Future Plan
BIC 2022-INVENT THE FUTURE PLAN
Slide 31: Organizational Priorities
ORGANIZATIONAL PRIORITIES GROUP INSIGHTS GROUP SUPPLY COMMERICAL & INNOVATION LIGHTERS CHAIN OPERATIONS Reinvigorate our Enhance efficiency Securing Lighters’ Innovation eco- throughout Driving an unique system and Brands, omnichannel manufacturing manufacturing go-to-market placing operations and p
Slide 32: BIC 2022 - Invent the Future Clear Roadmap
BIC 2022- INVENT THE FUTURE CLEAR ROADMAP 2019 2020-2021 2022+ SET THE FOUNDATIONS ROLL-OUT FULL IMPACT • Operational Effectiveness • Engaged Consumers • Inclusive Company • Accelerated Growth • Strengthen market positions • Extend brand leadership • Expand in e-commerce • Speed-up product launches
Slide 33: Stationery
STATIONERY
Slide 34: Stationery
STATIONERY Leader in: Total Market: 10 years CAGR: 5 years CAGR: 17.6Bn Euros in value +4.6% +4.5% Europe, Latin America, 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Africa & India #2 6% Manufacturer* 9% Fountain Pen Correction & Accessories 24% Ball Pen 8.8% Global 18% Market Share
Slide 35: The Consumer Stationery Market
THE CONSUMER STATIONERY MARKET Total worldwide consumer stationery market in retail value= 17.6 billion Euros in 2019 Breakdown by main supplier (in value) Newell 9.6% BIC 8.8% Others 64.5% Pilot 5.7% Faber Castell 3.5% Mitsubishi Pencil 2.5% M&G (China) 3.6% Crayola 2.5% Source: Euromonitor 2019 ed
Slide 36: Stationery: BIC Positions in Major Segments and Geographies
STATIONERY BIC POSITIONS IN MAJOR SEGMENTS AND GEOGRAPHIES N°1 in Ball Pen N°1 in Mechanical Pencils (18.4% Market Share) (12.2% Market Share) N°3 in Correction* (8.4% Market Share) N°1 in N°2 in US N°2 in India Western Europe (13.4% Market (25.2 % Market (18.1% Market Share) Share) Share) Source: E
Slide 37: Stationery Strategic Pillars
STATIONERY CONSOLIDATE LEADERSHIP POSITION IN BALL PEN AND STRATEGIC PILLARS STRENGTHEN POSITIONS IN GEL PEN 5 Years CAGR figures: BIC Ball Pen #1 18.4% +4.1% Roller & Gel 6.1% Ball Pen +4.5% +6.4% Roller & Gel STRENGTHEN POSITIONS IN COLORING Coloring 2008 2009 2010 2011 2012 2013 2014 2015 2016 20
Slide 38: 2010-2019 BIC Stationery Key Figures
2010- 2019 BIC STATIONERY KEY FIGURES FY 2019 FY 2019 €774.4M €47.8M Net Sales NIFO Net sales change on a comparative basis Average Volume +7.0% +6.0% +1.0% +0.3% +4.0% +2.0% +1.5% +5.0% +0.3% -5.9% +2.1% Value +6.7% +4.1% +2.6% +2.1% +4.2% +3.6% +5.2% +3.4% +1.7% -3.4% +3.0% 2010 2011 2012 2013 201
Slide 39: Lighters
LIGHTERS
Slide 40: Lighters Market Outside Asia
LIGHTERS MARKET OUTSIDE ASIA in volume in value 9% 14% 32% The Global 13.4 bn 5.0 bn Branded Units* Euros Leader 57% #1 34% 54% Branded BIC Asian manufacturers Other branded Lighters manufacturer Of which Swedish Match, Flamagas & Tokkai cc. 54% BIC MARKET SHARE PER GEOGRAPHY Global in value Market
Slide 41: Overview of Mandatory Safety Regulation Around the World
OVERVIEW OF MANDATORY SAFETY REGULATION AROUND THE WORLD ISO: 1989 2000 CR: 1995 2006 2011 1994 2005 CR: 1992 ISO: 2004 ISO: 1997 CR: 2016 1998 2003 2010 2007 ISO 9994 1997 2003 Child resistant 2006 2003 1999 ISO 9994 and Child Resistant 41
Slide 42: Lighters Strategic Pillars: Geographical Footprint
LIGHTERS STRATEGIC PILLARS GEOGRAPHICAL FOOTPRINT BIC Value Market Share >40% Between 5% & 40% <5% or no information available on BIC Market Share 42
Slide 43: Lighters Strategic Pillars: Safety, Differentiation, Flexibility
LIGHTERS STRATEGIC PILLARS SAFETY – DIFFERENTIATION - FLEXIBILITY TRADITIONAL DISTRIBUTION All BIC® child-resistant lighters comply with DISTRIBUTION CHANNELS child-resistant standards (Shop number %) where required Standardized offer TRADITIONAL TRADE MODERN TRADE Ethiopia Pakistan India Vietnam In
Slide 44: 2010-2019 BIC Lighter Key Figures
2010 – 2019 BIC LIGHTER KEY FIGURES FY 2019 FY 2019 €679.0M €232.1M Net Sales NIFO Net sales on a comparative basis Average Vol. +10.0% +8.0% +3.0% +3.8% +4.0% +5.0% +2.3% +2.0% +1.6% -4.9% +3.5% Value +11.6% +8.6% +4.3% +7.0% +8.3% +8.3% +5.6% +2.2% +2.4% -3.7% +5.5% 2010 2011 2012 2013 2014 2015 2
Slide 45: Shavers
SHAVERS
Slide 46: Shavers
SHAVERS TOTAL WET SHAVE** TOTAL WET SHAVE** BY REGION 35% 29% 58% EUROPE NORTH AMERICA Global Shavers Challenger: 10.9 Billion 10.9 Billion euros euros USA, Europe 19% LATIN AMERICA & Latin America #2 40% 30% 2% OTHERS One-piece Double edge One-piece Refillable manufacturer with cc.20% 72% 38% 36% M
Slide 47: Wet Shave Market – Regional Structure
WET SHAVE MARKET – REGIONAL STRUCTURE in value Men 82% Women 18% Source: Euromonitor 2019 / Internal 47
Slide 48: U.S. Shaver Market (1/2)
U.S. SHAVER MARKET (1/2) Total Wet Shave Market Breakdown Total off-line One-Piece (in value - off-line and on-line)* Market Share (in value) 3.2 Bn USD 3.0 Bn USD 2.4% -5.7 pts 8.1% 11.8% 17.0% +5.2 pts 17% 14.6% -2.6 pts 17.2% 63% 49% 37.9% -2.1 pts 40.0% 37% 35% 22.9% 28.1% +5.2 pts 2012 2019 201
Slide 49: U.S. Shaver Market (2/2)
U.S. SHAVER MARKET (2/2) US WET SHAVE US WET SHAVE (Off line Value Sales Evolutions vs, LY) (Volumes Sales Evolution vs LY %) Shavers Disposable System 1.8% 0.9% 1.2% -2.2% -2.3% -2.5% -2.4% -3.1% -2.9% -3.2% -3.4% -3.2% -3.8% -4.2% -3.8% -4.1% -4.2% -4.6% -5.0% -5.3% -5.7% -6.3% -8.1% -11.6% 2016 2
Slide 50: Shavers: BIC Performance in the U.S.
SHAVERS BIC PERFORMANCE IN THE U.S. BIC’s YTD Market Share – One Piece Segment (in value) 40.0% 35.0% 26.7% 28.0% 26.7% 28.1% 30.0% 25.0% 26.2% 22.9% 23.2% 25.0% 19.9% 21.1% 20.0% 15.0% 10.0% 5.0% 0.0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 BIC’s Market Share Change - One Piece Segment (Y
Slide 51: 2010-2019 BIC Shaver Key Figures
2010 – 2019 BIC SHAVER KEY FIGURES FY 2019 FY 2019 €463.0M €56.2M Net Sales NIFO Net sales change on a comparative basis Average Volume +7.0% +3.0% +3.0% +3.8% +4.0% +1.0% +0.6% +3.0% -3.4% 0.1% +2.2% Value +7.6% +9.1% +10.1% +6.5% +4.1% +11.9% +7.0% -2.2% +1.7% +3.2% +5.9% 2010 2011 2012 2013 2014
Slide 52: One-Piece Market Shares by Geography
ONE-PIECE MARKET SHARES BY GEOGRAPHY In volume 43% In value 39% 51% 31% 17% EUROPE 17% Gillette BIC Others Gillette BIC Other 38% 33% 28% 25% USA 15% 10% Gillette BIC Schick Gillette BIC Schick 72% 69% BRAZIL 30% 23% 0% 0% Sources: Gillette BIC Schick Gillette BIC Schick Europe: Nielsen / IRI - Last
Slide 53: Shavers Strategic Pillars
SHAVERS A COMPLETE RANGE FOR ALL CONSUMERS STRATEGIC PILLARS Systems Recruit System users < 6.1 B€ Disposable 4.0 B€ Fuel Trade Up on Premium Disposable BIC Soleil Euromonitor FY2018 53
Slide 54: Governance
GOVERNANCE
Slide 55: Shareholding Structure
SHAREHOLDING STRUCTURE As of December 31, 2019, the total number of issued shares of SOCIÉTÉ BIC was 45,532,240 shares, representing: 67,035,094 voting rights. 1% TREASURY SHARES 45% BICH FAMILY (Voting rights: 61%) 54% PUBLIC 55
Slide 56: Board of Directors Organization
BOARD OF DIRECTORS ORGANIZATION Pierre Vareille Gonzalve Bich Chairman Director and Chief Executive Officer Vincent Bedhome Timothée Bich Elizabeth Bastoni Director representing Director Director the employees Marie-Aimée Bich-Dufour Maëlys Castella Marie-Pauline Chandon-Moët Director Director Jake
Slide 57: An Agile and Focused Executive Committee
AN AGILE AND FOCUSED EXECUTIVE COMMITTEE Group Insights & Innovation Chief Finance Officer – Executive Officer Vice-President Thomas BRETTE Chad SPOONER Group Lighters General Manager Chief Human Resources Officer François CLEMENT-GRANDCOURT Alison JAMES CEO Gonzalve BICH Chief Strategy & Business G
Slide 58: Sustainable Development
SUSTAINABLE DEVELOPMENT
Slide 59: 2019 Key Non-Financial Figures
2019 KEY NON-FINANCIAL FIGURES Acting against Climate Change FY 2018 FY 2019 CO2 Emissions (Scope 1 & 2) 98,283 tons 97,711 in tons % of Renewable Electricity (Writing the Future, Together Commitment: 68% 76% 80% by 2025) Safe Work Environment FY 2018 FY 2019 Work accidents (Writing the Future, Toge
Slide 60: 2019 Key Non-Financial Data
2019 KEY NON-FINANCIAL DATA ENERGY CONSUMPTION WATER CONSUMPTION 10.35 14.37 -53.0 % -12.4 % 12.59 5.46 5.32 4.87 11.98 12.14 2008 2017 2018 2019 2008 2017 2018 2019 As reported for Production – Gigajoules/tons As reported for Production – Gigajoules/tons M3/tons GREENHOUSE GAS EMISSIONS NUMBER OF T
Slide 61: 2025 Commitments to Sustainable Development
2025 COMMITMENTS TO SUSTAINABLE DEVELOPMENT Our vision is expressed through the signature “Writing the Future, Together”, encompassing five ambitious commitments in line with the Group’s strategy. 61
Slide 62: Reducing the Impact of Our Products
REDUCING THE IMPACT OF OUR PRODUCTS 62
Slide 63: Ubicuity: Circular Economy Initiative
UBICUITY ™: CIRCULAR ECONOMY INITIATIVE 63 TerraCycle, our recycling branch in Europe since 2011. At the end of 2019, more than 46 million pens had been collected and 615,000 euros in donation made. Products made from recycled pens: a garden bench with 100 % recycled materials including 40% co
Slide 64: Appendix
APPENDIX
Slide 65: Main Exchange Rate Evolution vs. Euro
Q2 and H1 2020 NET SALES MAIN EXCHANGE RATE EVOLUTION VS. EURO Average rates Average rates % of sales H1 2019 H1 2020 % of change % of sales Q2 2019 Q2 2020 % of change US Dollar 47% 1.12 1.10 +2.1% US Dollar 43% 1.13 1.10 +2.5% Brazilian Real 4% 4.41 5.91 -25.4% Brazilian Real 6% 4.34 5.41 -19.7% M
Slide 66: Group Quarterly Figures
GROUP QUARTERLY FIGURES Restated for IFRS 15 Restated for IAS 29 In million euros Q1 16 Q2 16 Q3 16 Q4 16 FY 16 FY 17 Q1 17 Q2 17 Q3 17 Q4 17 FY 17 Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Net Sales 469,3 562,2 490,5 503,8 2 025,8 2 020,3 473,2 599,0 471,7 497,4 2 041,
Slide 67: Group Quarterly Figures by Geography
GROUP QUARTERLY FIGURES BY GEOGRAPHY Restated for IAS 29 In million euros Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Europe 124,3 176,1 138,0 121,4 559,7 122,8 167,9 143,5 124,7 558,9 119,1 138,6 Net Sales YoY actual changes -5,5% -2,8% +0,2% +1,5% -1,8% -1,2% -4,6% +4,0
Slide 68: Stationery
STATIONERY Restated for Restated for Unallocated Group Costs IAS 29 In million euros Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 20 Q2 20 Net Sales 151.8 249.5 200.2 170.4 771.9 148.3 252.5 204.3 169.3 774.4 148.3 252.5 204.3 169.3 774.4 127.0 166.9 YoY act
Slide 69: Lighters
LIGHTERS Restated for Unallocated Group Costs Restated for IAS 29 In million euros Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 20 Q2 20 Net Sales 152,7 165,0 163,8 204,3 685,8 149,7 169,9 161,9 197,4 679,0 149,7 169,9 161,9 197,4 679,0 121,0 147,3 YoY actua
Slide 70: Shavers
SHAVERS Restated for Restated for Unallocated Group Costs IAS 29 In million euros Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 20 Q2 20 Net Sales 97,0 113,5 104,4 123,1 438,0 109,0 115,5 114,9 123,5 463,0 109,0 115,5 114,9 123,5 463,0 102,0 98,6 YoY actual c
Slide 71: Other Products
OTHER PRODUCTS Restated for Unallocated Group Costs In million euros Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 19 Q2 19 Q3 19 Q4 FY 19 Q1 20 Q2 20 Net Sales 13,8 15,9 11,1 13,2 54,0 8,3 7,0 6,9 10,9 33,1 8,3 7,0 6,9 10,9 33,1 7,0 6,1 YoY actual changes -31,4% -25,8% -19,2% -12,3% -
Slide 72: Unallocated Costs
UNALLOCATED COSTS Restated for Unallocated Group Costs In million euros Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 IFO* -12,6 -37,6 -14,9 -21,5 -86,7 -18,8 -20,1 Normalized IFO* -12,6 -10,6 -10,0 -15,9 -49,1 -17,0 -17,2 (*) See glossary 72
Slide 73: Capital and Voting Rights
CAPITAL AND VOTING RIGHTS As of June 30, 2020, the total number of issued shares of SOCIÉTÉ BIC is 45,532,240 shares, representing: • 66,992,235 voting rights • 66,440,239 voting rights excluding shares without voting rights Total number of treasury shares held at the end of June 2019: 551 996. 73
Slide 74: Glossary
GLOSSARY Constant currency basis Constant currency figures are calculated by translating the current year figures at prior year monthly average exchange rates. Organic change At constant currencies and constant perimeter. Figures at constant perimeter exclude or Comparative basis the impacts of acqu
Slide 75: Disclaimer
DISCLAIMER This document contains forward-looking statements. Although BIC believes its estimates are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. A description of the risks borne by BIC appears in section “Risks and Opportunities” of BIC “Regist