Belysse Group NV · EURONEXT:BELYS
Belysse Group NV — FY2022 Earnings Presentation
16 slides from Belysse Group NV's earnings presentation, Mar 3, 2023
Slide 1: Full Year 2022 Results
March 3'4 2023 Full Year 2022 Results BELYSSE’
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 Full Year 2022 Financial Summary Financial Review Beyond Update Conclusion Q&A OR wN > Cyrille Ragoucy Andy Rogiest Ruben Pattheeuws Chief Executive Officer Chief Financial Officer Strategic Project Director Chairman of the Board
Slide 4: Full Year 2022 Financial Summary
Full Year 2022 Financial Summary (17.6)% YoY Adj. EBITDA growth 4.0x Leverage Excluding IFRS16 14.8% organic (26.2)% organic 8.6% FX impact 4 Net Debt €148.3m + FY 2022 Consolidated Adjusted EBITDA of €35.5m + US €33.2m + Europe €2.3m + Leverage was 4.0x per 3 2022 + Net Debt includes €32.4m impact
Slide 5: 2022 Group Revenue
4 2022 Group Revenue €r 7,9 82,1 76,8 -2,6 Revenue Q4 2021 Europe us Revenue Q4 2022 (6.7)% 20.9% 4 Growth (€m) Organic 0.3 0.4% FX Impact 5.0 6.5% Reported 5.3 6.9% 4 2022 consolidated revenue amounted to €82.1m representing an increase of 6.9% YoY. In the US revenue increased with 20,9% versus 4 l
Slide 6: 2022 Group Adjusted EBITDA
4 2022 Group Adjusted EBITDA Adj. EBITDA margin (%) 1549 923% | €m 0,9 7,6 5,1 (42.8)% 7.3% (35.5)% EBITDA Growth FX Impact EBITDA Q4 2021 Q4 2022 <n Europe 0.1 4.0 (96.8)% us 75 79 (4.4)% Consolidated Adjusted nia 7.6 ne (35.5)% 4 2022 Adjusted EBITDA decreased with 35.5% to €7.6m with an Adjusted
Slide 7: Q4 2022 Cash flow
Q4 2022 Cash flow 18,9 os . . + Positive change in cashflow of €18.2m in Q4 2022, (1,4) (4,0) 38,5 mainly driven by the reduction of working capital 3,0) (€18.9m). 76 20,3 oo so we oe a oi a ° sy aD on c. ro et se Ry we oes egy? Pe a8 ot w ee “ <
Slide 8: Full Year 2022 Group Revenue
Full Year 2022 Group Revenue fm 187 | | 276,8 337,4 Revenue FY 2022 Revenue FY 2021 Europe us 11.6% 32.8% wth (€m) Organic All FX Impact 19.6 Reported 60.7 Full Year 2022 consolidated revenue amounted to €337.4m representing an increase of 21.9% YoY. In the US revenue increased with 32.8% versus las
Slide 9: Full Year 2022 Group Adjusted EBITDA
Full Year 2022 Group Adjusted EBITDA Adj. EBITDA margin (%) ee EE * Full Year 2022 Adjusted EBITDA decreased with 17.6% to €35.5m with an Adjusted EBITDA margin of 10.5% versus 15.6% in 2021. €m + US EBITDA increased with 28.6% from €25.8m to €33.2m, “13 = = reflecting the volume growth while largel
Slide 10: Leverage 4.0x, excluding IFRS16
Leverage 4.0x, excluding IFRS16 €m Cesh [a LTM Adj. cash EBITDA 281 36 44 293 295 40 46 307 35 36 257 260 247 157 153 29 30 4,2x 04/20 an/2t 2/21. 03/21 04/21. 1/22 a1/22 02/22 Actual Proforma Proforma mmm Net Debt (Em) IFRS16 Lil Leverage HH cash excl. undrawn facilities |) Adjusted EBITDA (pre IFR
Slide 11: BEYOND update
3 March 2023 BEYOND update
Slide 12: Sustainability through Innovation
Sustainability through Innovation * Total CO2 emission per m’ produced has been reduced by 22% compared to 2018. Especially in 2022, strong progress was made with a 15% relative consumption reduction in gas and 10% in electricity vs. 2021, beneficial for sustainability and also from a cost perspecti
Slide 13: Our Lean program has delivered €2.7m savings in 2022
Our Lean program has delivered €2.7m savings in 2022, exceeding the plan by 38% * Objective of this Lean program is to deliver €8m cumulative savings over a 4-year period, supported by €12m of CAPEX investments * FY2022 results amount to €2.7m P&L savings vs. 2021, against a target of €1.9m * Each o
Slide 14: Agility
Agility * Onthe digital front, 2022 revolved mainly around the IT split in Europe following the separation and sale of the traditional Balta businesses. * In Europe ona more operational level, we have commenced working to upgrade our Supply Chain, with a view to enhance delivery performance to our c
Slide 15: Conclusion
Conclusion In 2022 we faced unprecedented inflation in raw materials, energy, transportation and payroll costs especially in Europe. In our US division we were able to pass on inflation thanks to our strong market position and demand recovery, leading to sales and EBITDA growth. In Europe stronger p
Slide 16: Q1 2023 results release
3 March 2023 sults release on May 2023 Q1 20