Investor Presentation • Feb 6, 2014
Investor Presentation
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German Equity Forum 2013 │ November 2013 │ p. 1 Company presentation February 2014
Corporate profile
Corporate profile
| B d B i r a n u s n e s s |
V l B i o u m e u s n e s s |
|---|---|
| T € 1 7 2 8 ( h 7 8 7 % ) u r n o v e r : m s a r e : |
T € 4 6 7 ( h 2 1. 3 % ) u r n o v e r : m s a r e : |
| f H i h- l i t b d d t i t h h i h d g q u a y r a n p r o u c s w a g e g r e e o b f i i d i t, t t c o n s u m e r e n e m o u p p e r p r c e s e g m e n C i b d t t t o n s s e n r a n m a n a g e m e n |
P d t i i d- i r o u c s n m p r c e r a n g e C f t i i d t s o m e r- s p e c c p r o c u u d l t e e o p m e n v |
| S i f i i d k l h t t t t y s e m a c p r o c e s s e s o r n n o v a o n a n m a r e a u n c p r o c e s s e s D i t i b t i i i t t i l k t s r o n n n e r n a o n a m a r e s u P d i C l i L d C t t r o u c c a e g o r e s : e a n n g a u n r y a r e , , K i h W l l b i t c e n, e e n g |
S t i t r o n g s e r c e c o m p o n e n v D i t i b t i i i t t i l k t s r u o n n n e r n a o n a m a r e s P d i C l i t t r o u c c a e g o r e s : e a n n g , l d k i h d d t a u n r y c a r e c e n g o o s a n , l l b i e e n g w |
* Preliminary figures 2013 adjusted for business with Dr Oetker Bakeware
preliminary figures 2013
| F t o r e c a s |
f P 2 0 1 3 e r o r m a n c e e |
|
|---|---|---|
| ) G t r o u p u r n o v e r |
G h 2 % 4 % t + r o w - ( h l d ) t t a e o w e r e n |
S l i h h ( 1. 0 % ) t t g g r o w |
| B d B i r a n u s n e s s |
G % % t h 3 5 + r o w - ( h l d ) t t a e o w e r e n |
S ( 1. 1 % ) l i h t t h g g r o w |
| V l B i o u m e u s n e s s |
S b l i 's l l t t a e a p r e v o u s y e a r e v e |
S b l ( 0 4 % ) t + a e |
| E B I T |
E i d j t d l l a r n n g s o n a s e e e u v 2 ) f i o p r e o s e a r v u y |
f I l i i t h t h t n n e e o r e c a s w |
1) All turnover shown in this presentation are adjusted for business with Dr Oetker Bakeware
2) Adjusted for one-time positive effects of the sale of assets relating to the termination of the license agreement with Dr Oetker Bakeware
Group development 2013 and outlook
| € m |
2 0 1 3 e |
2 0 1 2 |
/– % + |
|---|---|---|---|
| T u r n o v e r B d B i r a n u s n e s s |
1 2 8 7 |
1 0 9 7 |
1. 1 |
| C l i e a n n g |
4 3 5 |
4 8 1 |
1 2 9 |
| C L d a n r a r e u y |
7 3 0 |
7 4 1 |
1. 5 - |
| K i h t c e n |
1 6 5 |
1 7. 5 |
5 7 - |
| W l l b i e e n g |
2 9 0 |
3 1. 2 |
1 7. - |
Central Europe Eastern Europe Rest of the world
Business
| € m |
2 0 1 3 e |
2 0 1 2 |
/– % + |
|---|---|---|---|
| T u r n o v e r V l B i o u m e u s n e s s |
4 6 7 |
4 6 5 |
0 4 |
| C l i e a n n g |
0 1 |
0 1 |
-- |
| C L d a n r a r e u y |
1 4 6 |
1 4 9 |
2 0 - |
| K i h t c e n |
2 8 8 |
2 8 5 |
1. 1 |
| W l l b i e e n g |
1. 0 |
0 7 |
4 2 9 |
| C t t o n r a c f t i m a n u a c u r n g |
2 2 |
2 3 |
4 3 - |
| S l i h t t b i l i t i f t h l i i t t d g s a a o n o e g e n e r a e c o n o m c e n r o n m e n e p e c e z v x |
|
|---|---|
| G f * t h t r o w o r e c a s : |
|
| E 1. 0 % u r o p e |
|
| G 1. 6 % e r m a n y |
|
| 0 9 % F r a n c e |
|
| F B d d M i o c s o n r a n a n a r g n u |
|
| S b l d l f b i t t a e e v e o p m e n o u s n e s s |
|
| M i d- d l t t e r m e v e o p m e n |
S i b l d f i b l h b 3 % d % t t t t 5 u s a n a e a n p r o a e g r o w e w e e n a n |
|---|---|
| T E B I T i f 8 % t a r g e m a r g n o |
*
Source: International Monetary Fund Januar y2014
1) Participation of the shareholders in the selling of the business unit 'bathroom'
2) According to the closing rate at the end of the year (XETRA)
Strategy "Leifheit GO!"
Turnover development / Group EBIT (organic growth without M&A)
202 204 204 250 74 76 69211 222 224 2,4 5,2 8,1 8,8 11,4 1012141618200501001502002503002007 2008 2009 2010 2011 2012 2013 2016 former houshold unit former bathroom unit EBIT* 0.9 %EBIT-Margin 1.9 % 3.0 % 4.2 % 5.1 % 5.8 % 8.0 % *13.0
According to former household / former bathroom / in € m
EBIT 2011 adjusted for consolidation effects of € 2.5 m from obtaining control over Leifheit CZ a.s. *
EBIT 2012 adjusted for one-time positive effects from the termination of the license agreement with Dr Oetker Bakeware of € 1.2 m
Strategy "Leifheit GO!"
€ 10 m Turnover growth ~ € 2,0 m EBIT
Investments vs. depreciation / Investment ratio
1) Compared to the historical cost of production and purchase of the fixed assets
| C o m p a n y i i i t p o s o n n g |
f P l i t o r o o i i i t t o p m z a o n |
C h a n g e M t a n a g e m e n |
f P e r o r m a n c e i i t t o r e n a o n |
F i i l n a n c a i i i b l t t s a z a o n |
F i o c u s n g |
|---|---|---|---|---|---|
| B d i d r a n p r o e r v i h f t w a o c u s o n l d c e v e r a n i t i n n o v a v e h h l d o s e o u d i h t t p r o u c s n e t i c o r e c a e g o r e s : C l i e a n n g - L d C a u n r y a r e - K i t h c e n - W l l b i e e n g - |
S f S l h l a e o o e n e - P f i l r o e s s o n a S l f t h a e o e - b i i t s n e s s n u u b h ' t a r o o m ' C h f a n g e o - l d d t a e r s s e g m e n i t a g a n s p r e s s u r e t i i s e a m r o n n g f T i t i e r m n a o n o - h l i t e c e n s e t i t h a g r e e m e n w O D t k r e e r B k a e a r e w |
G l P i i l e n e r a r n c p e - L d h i e a e r s p - T r a n s p a r e n c y - E l m p o y e e s - I t i n n o v a o n - S & t y s e m s - P r o c e s s e s |
C t i o n n o s u u - b h k i e n c m a r n g P f i t b l t h r o a e g r o w - C f f i i t- o s e c e n c y - C i t l- f f i i a p a e c e n c y - C h- i t a s g e n e r a o n - |
S l i d o - C h f l a s o w s A b f s e n c e o - f i i l n a n c a l i b i l i i t a e s |
i O h t r g a n c g r o w : I. C o n v e r g e n c e t t i o n s r a e g c f k t o c s m a r e s u I I. I i f t n e n s y e- c o m m e r c e I I I. S h i t t r e n g e n n g f R & D o / I t i n n o v a o n p o e r w I V B d d r a n a n i t i c o m m u n c a o n t t i t h s r a e g a y w f P O S o c u s o n I i h t n o r g a n c g r o w : V M & A |
| A 6 2 0 G R O |
Strategy "Leifheit GO!"
Status quo: e-commerce turnover doubled over the last four years
Leifheit e-commerceTurnover development in € m
Status quo: innovation capacity* at a rate of 30 percent in 2012 slightly declining but product innovations like the window vacuum cleaner already provided a significant turnover impetus in 2013
* Share of turnover generated with products, that were brought onto the market within the last three years
Awards of the Leifheit Group (selection)
| Fre h & S l im s |
Co for t m S l ice r |
Sp ion tec t ray p ro |
Co lum bu s |
Sp d Qu ir l ee |
Co for Ja t m zz |
Co for P lus t m |
Co for V i l t ta m |
|---|---|---|---|---|---|---|---|
| A ir Ac t ive L Ex p res s |
A ir Ac t ive L |
S tea Fa h ion me r s Ex p |
S tea me r res s |
S Fa h ion tea s me r |
Tr l av e |
Pa Ev lu t ion g e o |
|
| Pe 1 8 0 g as us |
L ino t ic 5 0 ma |
0 De lux e |
Pa Ev lu t ion S g e o |
tee l |
Pa Pr f i g e o |
||
| Co mp an p re se n y |
│ ion Fe br ta t |
│ 2 0 1 4 2 6 ua ry p. |
So Se lar ns |
||||
| C lea Tw is t- Sy tem n s |
Va k ku m w |
in do lea c ne r w |
So lar F i t |
e, So S / So lar tar Ea sy |
lar W b Co t e nn ec |
Strategy "Leifheit GO!"
Status quo: Leifheit is well positioned with solid financing and cash funds of about € 52 m for M&A transactions
Measures: Active market observation
Strategy "Leifheit GO!"
Increasing use of the internet to retrieve information and to purchase household goods. This also applies to senior target groups using online devices more frequently according to recent studies.
Younger consumers are fundamentally shifting their attitudes towards quality while demanding products of higher value. That's why brand suppliers will concentrate more on this target group in the future.
Consumers increasingly ask for products that are produced sustainably and made by corporations which value resources, society and employees.
Desire for deceleration: Consumer behavior will be influenced in the future because many people feel overworked and experience high exposure to stress at work and in their daily lives.
Increasing number of households in Germany till the end of 2014. Especially the number of households with one to two persons is growing.
Source: GFK, http://www.esales4u.de
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Turnover / EBIT 2001 – 2016e (adjusted by divested/terminated business, growth excl. M&A)
EBIT and Turnover adjusted by bathroom unit divested in 2010
EBIT and Turnover 2009 - 2012 adjusted by Dr Oetker Bakeware (termination of license agreement by 31.12.2012)
EBIT 2011 adjusted by consolidation effects of € 2.5 m from obtaining control over Leifheit CZ a.s.
EBIT 2012 adjusted by one-time positive effects from the termination of the license agreement with Dr Oetker Bakeware of € 1.2 m
| S I I N : |
D E 0 0 0 6 4 6 4 5 0 6 |
|---|---|
| T i k c e r : |
L E I |
| T d i t r a n g s e g m e n : |
P i S d d t r m e a n a r |
| S h i l t a r e c a p a : |
€ 1 0 0 0, 0 0 0, 5, - |
| f N b h m e r o s a r e s u : |
0 0 0, 0 0 0 5, |
| l d i n o- p a r v a u e o r n a r y |
|
| b h e a r e r s a r e s |
|
| S k k l h t t o c m a r e a u n c : |
3 O b 1 9 8 4 t c o e r |
| D i d S t e s g n a e p o n s o r : |
C l B h S d l t o s e r o e r s e y e r |
As of 31 Dec. 2013
Free float, 26.43%
| C l i e a n n g |
L d a n c a r e u y |
|---|---|
| S t p o n e x R i l a v T k i t S i f f o n a w e r V i l d e a |
J l B l e u w o m e V i l d e a B b i t S i t r a a n a e w W k e n o G i i m A t r e g e r w M t l e a e x B l R ö t o m e r e s |
| B b i t T r a a n a e s c o m a F k l a c e m a n n W M F |
T i t a n a T i l l e r r a o n B h o s c |
| L h R ö l u r c s e Z l i y s s G f e u E m s a |
A D E L i a c a S i t a n a s |
| O x o W t k f T l e s m a r e a |
B e u r e r H d i o m e c s |
| i h K t c e n |
l l b i W e e n g |
Dates 2014
27 Mach 2014Annual financial reports 2013
27 March 2014Analyst's meeting and annual results press conference, Frankfurt/Main
14 May 2014 Financial report for the period ending 31 March 2014
22 May 2014 Annual general meeting, Nassau/Lahn
13 August 2014 Financial report for the period ending 30 June 2014
10 November 2014Financial report for the period ending 30 Sept. 2014
November 2014Presentation at the German Equity Forum, Frankfurt/Main
P.O. Box 11 6556371 Nassau/Lahn, Germany Telephone: +49 2604 977-218 www.leifheit.comir(at)eifheit.com
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