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Basic Net SpA Investor Presentation 2022
4229_rns_2022-03-03_bbc9c4c2-45b1-406c-9005-a9bca4e332e6.pdf
Investor Presentation
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MARCH 03, 2022
FY21 RESULTS PRESENTATION
FY21 PERFORMANCE
- Preliminary results confirmed
- Aggregated sales up 16,6% YoY
- Consolidated revenues up 14,1% YoY with both direct sales and royalties performing
- EBITDA exceeding FY19 result
- Net result at € 20,3 million
- Net financial position at € 61,7 million
- Continuously improving TWC
DIVIDEND PROPOSAL
- DPS proposal of € 0,12
- Dividend yield and pay-out ration in line with FY19
- Total dividend of € 6,1 million
BUY-BACK PROPOSAL
1
- BB proposal of € 14,0 million
- BasicNet currently holding 16,12% of treasury shares
BASICNET AGGREGATED SALES
+16,6% vs 2020
(amounts in € million)
SALES OF COMMERCIAL LICENSEES SALES OF SOURCING CENTERS
+13,1%
vs 2020
+17,9% vs 2020
GROUP CONSOLIDATED REVENUES
+14,1% vs 2020
DIRECT SALES OF GOODS ROYALTIES FROM LICENSEES
+13,0% vs 2020
CONSOLIDATED KEY DATA
| 12m 2021 | 12m 2020 | Var | |
|---|---|---|---|
| Consolidated revenues | 296,4 | 259,7 | 36,7 |
| EBITDA | 44,2 | 19,8 | 24,4 |
| EBITDA margin | 14,9% | 7,6% | 7,3% |
| EBIT | 31,6 | 7,6 | 24,0 |
| EBIT margin | 10,7% | 2,9% | 7,8% |
| Net result | 20,3 | 8,6 | 11,7 |
| Free cash flow | 35,6 | 10,5 | 25,1 |
| Trade Working Capital | 50,2 | 59,3 | (9,1) |
(amounts in € million)
GROUP NET FINANCIAL DEBT
+20,4% vs 2020
DIVIDEND DISTRIBUTION PROPOSAL
dividend yield 2,1% pay-out ratio 30,2%
0,06 in 2020
dividend yield 1,4% pay-out ratio 36,6%
0,12 in 2019
dividend yield 2,3% pay-out ratio 30,3%
BUY-BACK PROPOSAL
| Shareholders' proposal April 13th, 2022 |
Shareholders' resolution April 8th, 2021 |
Shareholders' resolution June 26th, 2020 |
|
|---|---|---|---|
| Buy-back plan | Euro 14,0 million | Euro 10,0 million | Euro 10,0 million |
| Actual purchases | Euro 6,2 million | Euro 3,4 million | |
| Purchased shares (no.) | 1.230.000 | 936.745 | |
| Average purchase price | Euro 5,05 | Euro 3,68 | |
| Purchased shares (in %) | 2,02% | 1,54% | |
| Total treasury shares (in %) | 16,12% | 14,08% |
Glossary
| Aggregated Sales of Licensees (ASL) | sales by commercial licensees |
|---|---|
| Aggregated Sales of Sourcing Centers (ASSC) | sales by productive licensees |
| Royalties from Licensees | the sum of royalties income from ASL and sourcing commissions from ASSC |
| Consolidated revenues | the sum of royalties income from ASL, sourcing commissions from ASSC and direct sales of goods |
| Free cash flow | it's the cash flow available to the company: the difference between the cash flow from operating activities and the cash flow for investments in fixed assets |
| Net financial debt | total of current and medium/long-term financial payables, less cash and cash equivalents and other current financial assets. |
