Bic : Group Investor Presentation - H1 2020 (in english)
September 30, 2020 at 04:35 am EDT
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GROUP PRESENTATION FOR
INVESTORS
H1 2020 Results
1
Q2 & H1 2020 RESULTS
HIGHLIGHTS
H1 2020 Key Messages
Weak underlying trends worsened by an uneven COVID-19 epidemic impact
Developing countries, where traditional stores are dominant, deeply hit by extended quarantines periods and disrupted supply chains
In Mature markets, Superstores and Office Supply channels heavily impacted by school closures and limited business activity
Market share maintained or increased across our three categories and in almost all regions
E-commerceNet Sales up 14%
In Lighters, H1 North America performance affected by convenience stores shifting to hygiene and food, therefore reducing inventories in other product categories
Improved short-term resilience thanks to prudent management of Operating Expenses
Focus on Operating Cash Flow
Accelerated transformation and solid progress in the implementation of our Operating Model
Consolidation of our Latin American industrial footprint
Strengthened Lighters Business Model with Djeep's acquisition
Effectively transitioned non-factory team members to Work from Home
"BIC 2022 - Invent the Future" transformation plan on track to deliver 50 million euros annualized savings by the end of 2022
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Q2 & H1 2020 KEY FIGURES
NET SALES
NORMALIZED IFO
Change on a
NIFO Margin %
comparative basis %
Q2 2020
Q2 2020
418.9 M€
67.5 M€
-21.5%
16.1%
H1 2020
H1 2020
775.8 M€
92.9 M€
-18.2%
12.0%
NORMALIZED EPS
NET CASH FROM
OPERATING
ACTIVITES
Q2 2020
Q2 2020
1.27€ (-18.1%)
50.8M€
H1 2020
H1 2020
85.7M€
1.87€ (-23.1%)
NET CASH POSITION
H1 2020
41.5M€
4
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BIC SA published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 08:34:03 UTC
Bic is one the world leading manufacturers of stationery, lighters and razors. Net sales break down by family of products as follows:
- lighters (38%);
- stationery (37%): ballpoint pens, pencils, mechanical pencils, felt-tip pens, correction pens, erasers, permanent markers, glues, adhesive notepads, etc.;
- razors (24%);
- other (1%).
Net sales are distributed geographically as follows: Europe (30%), North America (39%), Latin America (20%), Middle East and Africa (7%), Oceania and Asia (4%).