Q1 2020 Results Christian Buhl, CEO Roland Iff, CFO April 30, 2020 - - PowerPoint PPT Presentation

Q1 2020 Results

Christian Buhl, CEO Roland Iff, CFO April 30, 2020

SLIDE 2

Key figures Q1 2020

Net sales growth (in CHF)

• 3.9%

Net sales growth (currency adj.)

+1.5%

EBITDA margin +100 bps vs PY

32.6%

EPS growth (in CHF)

• 4.3%

COVID-19 impact

• Negative impact since 2nd half of

March

• Almost all countries affected by

lower demand

• Supply chain intact

APRIL 30, 2020 Q1 2020 RESULTS

Share buyback (in CHF) 261’543 shares in Q1

116 million

SLIDE 3

Net sales Q1 2020 – Positive net sales growth in local currencies in Q1 2020

APRIL 30, 2020 Q1 2020 RESULTS

Total variance: CHF -33 million (-3.9%) 12 45 Net sales Q1 2019 Growth in local currency Currency effect Net sales Q1 2020 830 798 +1.5%

• 5.4%

In CHF million

SLIDE 4

Q1 2020 net sales

APRIL 30, 2020 Q1 2020 RESULTS

Net sales in million CHF Variance to PY in CHF Variance to PY in c.a. Geberit Group 798

• 3.9%

+1.5% By regions Europe 739

• 2.8%

+2.7% Far East / Pacific 17

• 26.3%
• 21.6%

America 25

• 2.2%

+0.8% Middle East / Africa 17

• 21.3%
• 15.3%

By product areas Installation & Flushing Systems 314

• 3.4%

+2.2% Piping Systems 241

• 3.1%

+2.3% Bathroom Systems 243

• 5.5%
• 0.2%

SLIDE 5

Key figures Q1 2020 – Strong profitability

APRIL 30, 2020 Q1 2020 RESULTS

• Further improved profitability despite significant tariff

increases due to

− Lower raw material prices − Positive one-time effects on raw material costs − Efficiency projects − Cost discipline − Sales price increases

CHF million Q1 2020 Q1 2019 % YoY Net sales 798 830

• 3.9%

EBITDA 260 262

• 0.7%

Margin 32.6% 31.6% EBIT 224 227

• 1.6%

Margin 28.0% 27.4% Net income 184 192

• 4.4%

Margin 23.0% 23.1% EPS (CHF) 5.10 5.33

• 4.3%

Free cashflow

• 7.1

5.3

• 234.0%

Margin

• 0.9%

0.6%

SLIDE 6

EBITDA margin Q1 2020 – Increase of margin by 100 bps

APRIL 30, 2020 Q1 2020 RESULTS

• Positive net price effect due to lower raw material prices
• Positive one-time effects on raw material costs
• Negative other cost effects mainly driven by tariff increases of personnel costs
• Only minor negative currency effect due to effective natural hedge

EBITDA margin Q1 2019 +0.1% Volume and product mix effect Price effects, net

• 0.5%

Other cost effects 32.6% Currency effect

• 0.2%

EBITDA margin Q1 2020 +1.6% 31.6%

SLIDE 7

COVID-19 implications on Geberit – Status per April 30, 2020

APRIL 30, 2020 Q1 2020 RESULTS

• Negative impact on demand in 2nd half of March and April in almost all countries

− Severe decline in countries with “shutdown” of construction sites (IT, UK, ES, FR, IN, ZA) − Substantial decline in other “open” countries due to COVID-19 driven restrictions on construction activities

• Showrooms starting to re-open again in several countries

Demand Supply Chain

• Overall intact and running on normal level – all products available
• Two smaller sites closed by governmental decrees per end of April: Gaeta (IT) and Pune (IN)

Priorities

• Continuity – Execution of strategic and operational initiatives as planned, e.g. R&D projects
• No restructuring – Investment of margin during period of lower demand
• Adaption of organization to current market realities and demand fluctuation
• No outlook possible due to fast moving and unpredictable implications of COVID-19 crisis

Outlook

SLIDE 8

Disclaimer

While Geberit is making great efforts to include accurate and up-to-date information, we make no representations

• r warranties, expressed or implied, as to the accuracy or completeness of the information provided in this

handout and disclaim any liability for the use of it. The statements in this presentation relating to matters that are not historical facts are forward-looking statements that are not guarantees of future performance and involve risks and uncertainties, including but not limited to: future global economic conditions, foreign exchange rates, regulatory rules, market conditions, the actions of competitors and other factors beyond the control of the company. All financial information included is unaudited and is prepared under the same recognition and measurement principles applied for the audited annual financial statements.

APRIL 30, 2020 Q1 2020 RESULTS