Preliminary Q3 2014 results October 14 th 2014 0 October 2014 - - PowerPoint PPT Presentation

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Apr 09, 2023 267 likes •314 views

Preliminary Q3 2014 results October 14 th 2014 0 October 2014 Quarterly sales and profitability development Quarterly sales 1 and profitability Comments ( m) (%) Sales for Q3 2014 amounted to 174m, representing an organic growth of

SLIDE 1

October 2014

October 14th 2014

Preliminary Q3 2014 results

SLIDE 2

1 October 2014 197 191 177 168 177 182 175 168 184 175 174 11.2 11.2 8.9 10.0 8.5 11.0 12.1 10.7 10.6 11.3 13.4 2 4 6 8 10 12 14 16 18 50 100 150 200 250 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 (%) (€m) Sales

Adj. EBIT margin

Quarterly sales and profitability development

Comments Quarterly sales1 and profitability

Note: 1) Net sales and margin Q1-Q3 2012 after divestment of Leda in October 2012 2) Net sales in constant currency and comparable legal structure, i.e. organic change

 Sales for Q3 2014 amounted to €174m, representing an organic growth of 2.1% 2) compared to Q3 2013  Adjusted EBIT margin in Q3 2014 increased 1.3 p.p. to 13.4% compared to 12.1% in Q3 2013

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2 October 2014

Strong performance in North, East and UK & Ireland

Source: BRG Consult ("BRG")

Central Europe (31%)1 North Europe (25%)1 : East Europe (16%)1 South Europe (17%)1 UK & Ireland (8%)1 Sanitec market position within bathroom ceramics (by volume)

No. 1 or 2
No. 3 or 4

Clear no. 1

Organic sales development by region

Organic growth Q3 2014 vs PY: 7.8% Q1-Q3 2014 vs PY: 3.3% Organic growth Q3 2014 vs PY: 6.8% Q1-Q3 2014 vs PY: 7.3% Organic growth Q3 2014 vs PY: (3.4%) Q1-Q3 2014 vs PY: 0.0% Organic growth Q3 2014 vs PY: (2.1%) Q1-Q3 2014 vs PY: (3.1%) Organic growth Q3 2014 vs PY: 8.5% Q1-Q3 2014 vs PY: 7.7%

Note: 1) Denotes share of Q1-Q3 2014 sales. Rest of World sales of approx. 3% excluded.

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3 October 2014

Key figures for the Group

Note: 1 Calculated in comparable legal structure and constant currency, i.e. organic change 2 At EBIT level, includes an impairment of €2.5m in Q3 2013 which does not affect adjusted EBITDA

Q3 Change Q1-Q3 Change (€m) 2014 2013 (%) 2014 2013 (%)

Net sales 174.3 175.4 2.1¹ 533.3 534.3 2.11 Operating profit 23.3 20.5 13.6 62.6 53.7 16.6 Operating margin, % 13.4 11.7 11.7 10.1 Items affecting comparability2 —

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Operating profit, adjusted 23.3 21.3 9.4 62.6 56.5 10.8 Operating margin, %, adjusted 13.4 12.1 11.7 10.6 EBITDA, adjusted 29.2 28.1 3.9 82.0 77.9 5.2 EBITDA margin, %, adjusted 16.8 16.0 15.4 14.6 Net debt 142.3 180.3 Net debt / EBITDA, adjusted 1.3 1.8

Comments Preliminary financial highlights 2014

 Sales for Q1-Q3 2014 amounted to €533m, representing an organic growth of 2.1% compared to Q1-Q3 2013  Adjusted Operating profit amounted to €23.3m in Q3 2014 (13.4% margin) vs. €21.3m (12.1% margin) in Q3 2013  Net debt decreased to €142.3m at end of Q3 2014 representing a rolling ND/EBITDA, adjusted of 1.3x  Net debt at the end of Q2 2014 was €165.0m