AI assistant
Basic Net SpA Investor Presentation 2023
4229_rns_2023-03-09_bd58aafa-93b7-44fe-957a-71b91ce81950.pdf
Investor Presentation
Open in viewerOpens in your device viewer
2022 RESULTS PRESENTATION CONFERENCE CALL
TURIN, 9 MARCH 2023
FY2022 RESULTS DIVIDEND DISTRIBUTION PROPOSAL
BUY-BACK PROPOSAL
FY2022 RESULTS
TOTAL AGGREGATED SALES (TAS) € 1.273,1 mln
+34,1% vs 2021 (€ 949,4 mln)
+30,0% vs 2021 (€ 297,0 mln) € 386,1 mln GROUP CONSOLIDATED REVENUES
NET RESULT € 30,0 mln
+47,8% vs 2021 (€ 20,3 mln)
NFP WITH BANKS - € 93,9 mln
- € 56,2 mln vs 2021 (- € 37,7 mln)
CONSOLIDATED REVENUES
EBITDA WALK
€ 44,2 mln € 60,9 mln
NET FINANCIAL POSITION
| in € .000 | 31.12.22 | in % | 31.12.21 | in % | Var | Var % |
|---|---|---|---|---|---|---|
| Sub-total net money holdings | (26.439) | 18,7% | 6.325 | -10,2% | (32.763) | -518,0% |
| Short-term portion of m/l term loans | (15.423) | (9.243) | (6.180) | |||
| Short-term NFP with banks | (41.862) | 29,5% | (2.918) | 4,7% | (38.943) | n.s. |
| Long-term portion of m/l term loans | (51.756) | (34.268) | (17.488) | |||
| Financial leasing payables | (259) | (515) | 257 | |||
| Sub-total loans and leasing payables | (52.014) | 36,9% | (34.783) | 56,3% | (17.231) | 49,5% |
| Net financial position with banks | (93.876) | 66,3% | (37.702) | 61,1% | (56.174) | 149,0% |
| Right of use debts | (30.734) | (24.041) | (6.692) | |||
| Earn-out debt K-Way France | (17.081) | - | (17.081) | |||
| Net financial position | (141.691) | 100,0% | (61.743) | 100,0% | (79.948) | 129,5% |
01 FY2022 RESULTS
NET FINANCIAL POSITION WALK
DIVIDEND DISTRIBUTION PROPOSAL
DIVIDEND DISTRIBUTION DIVIDEND PROPOSAL
| in € | 31.12.22 | 31.12.21 | 31.12.20 | 31.12.19 |
|---|---|---|---|---|
| Consolidated Net result | 30.037.369 | 20.329.502 | 8.580.521 | 21.052.814 |
| Dividend per share | 0,18 | 0,12 | 0,06 | 0,12 |
| Total Dividend | 9.014.850 | 6.139.632 | 3.143.616 | 6.375.642 |
| Pay-out ratio | 30,0% | 30,2% | 36,6% | 30,3% |
BUY-BACK PROPOSAL
| Year of Shareholders' resolution | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Buy-back plan | 30.000.000 | 10.000.000 | 10.000.000 | 4.000.000 |
| Actual purchases | 4.115.325 | 8.128.440 | 3.449.900 | 3.999.839 |
| Purchased shares (no.) | 731.102 | 1.580.000 | 936.745 | 820.633 |
| Average purchase price | 5,63 | 5,14 | 2,84 | 4,87 |
| Purchased shares (in %) | 1,35% | 2,59% | 1,54% | 1,35% |
| Total treasury shares | 7,25% | 16,69% | 14,10% | 12,89% |
03 TREASURY SHARES (No.)
- 13 -
GLOSSARY AND ALTERNATIVE PERFORMANCE MEASURES
| Commercial licensees or licensees | independent business owners, granted licenses to distribute Group brand products in their respective regions | ||
|---|---|---|---|
| Productive licensees or sourcing centers | third-party entities whose function is to manufacture goods branded with the Group brands for the exclusive sale to Commercial licensees or to Group companies |
||
| Total Aggregated Sales (TAS) | the sum of Aggregated Brand Sales (ASL) and Aggregated Sales of Sourcing Centers (ASSC) | ||
| Aggregated Brand Sales (ASL) | sales by commercial licensees – that generate royalties for BasicNet Group – and sales by the Group companies |
||
| Aggregated Sales of Sourcing Centers (ASSC) | sales by productive licensees – that generate sourcing commissions for BasicNet Group |
||
| Consolidated revenues | the sum of royalties, sourcing commissions, sales of products made by BasicNet Group companies and real estate revenues | ||
| EBITDA | "operating result" before "amortisation and depreciation" | ||
| Net Financial Position | total of current and medium/long-term financial payables, less cash and cash equivalents and other current financial assets | ||
| Net Financial Position with banks | Net Financial Position, excluding IFRS 16 and financial liabilities for the acquisition of businesses | ||
| Pay-out ratio | Dividend/Consolidated Net Result | ||
| Dividend yield | Dividend per share/Stock price at year-end | ||
| - 14 - |
THANK YOU