Institutional Presentation March 2017
|
|
- Baldwin O’Connor’
- 5 years ago
- Views:
Transcription
1 Institutional Presentation March 2017
2 DISCLAIMER This presentation may include declarations about Springs Global s expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. These risks and uncertainties include factors related to the following: the Company s business strategy, the international and the Brazilian economies, technology, financial strategy, developments in the textile and retail sectors, market conditions, among others. To obtain further information on factors that may give rise to results different from those forecasted by Springs Global, please consult the reports filed with the Brazilian Comissão de Valores Mobiliários (CVM, equivalent to U.S. SEC ). 2
3 AGENDA COMPANY OVERVIEW OUR BUSINESS COMPETITIVE ADVANTAGES OPPORTUNITES FINANCIALS 3
4 EXECUTIVE SUMMARY Leading company in the home textile market, operating in Brazil, Argentina, USA and Canada Traditional and leading brands that embrace different market segments Controlling shareholders are reference in the textile sector, with 40 years of experience Integrated supply chain Retail operations in Brazil, with a national presence Established and recognized franchise model Opportunity to asset light growth, through franchise expansion and operational leverage Listed in the BM&FBovespa highest standard for Corporate Governance, Novo Mercado : SGPS3 4 4
5 STRATEGIC OBJECTIVES Focus on the Americas Consolidate the leadership position in the America s home textile market Enhance the value of our brands Leverage and enhance its proprietary brand portfolio, reinforcing the commitment to customer satisfaction Enhance relationship with wholesale clients Promote and develop relationships with multi-brand clients Development of mono-brand retail channel Expand distribution through the mono-brand channels, leveraging primarily on the franchise business model Integration of Retail-Industry Integrate the industrial and retail operations, positioning ourselves as a benchmark in the areas of innovation and management 5 5
6 SHAREHOLDER STRUCTURE Companhia de Tecidos Norte de Minas (CTNM) Leblon Equities 24.2% 1 Board members and officers 0.26% Controlling shareholders 52.92% Free float 46.8% Springs Global Position as of 12/31/ Position as of March 18, 2013, according to letter received by the Company informing significant ownership 6 6
7 HISTORY 1967 Foundation of Companhia de Tecidos Norte de Minas - Coteminas 1975 Start of operations of the first textile plant in Montes Claros, MG 1990 s Entering the consumer products segment, through the acquisition the Santista and Artex brands Strong sales growth, including exports 2006 Creation of Springs Global as a result of a joint venture between Coteminas, with operations in South America, and Springs Industries, with operations in North America 2009 Entering the retail market in Brazil, through the acquisition of MMartan store chain Expansion of MMartan stores, from 57 to Launch of a second retail chain under the brand name Artex, with only owned stores 2015 Start of Artex franchises 7 7
8 CONSOLIDADED RESULTS In R$ million , , ** - not adjusted 258.5** - adjusted EBITDA margin (%) Total 11.2% South America - Wholesale 15.7%* South America - Retail -0.6% North America - Wholesale 8.5% 0 Net revenue EBITDA EBITDA * Includes Intercompany revenue of R$ 62.3 million in 2016 ** Includes non-allocated expenses of R$ 3.6 million in Excluding non-recurring result of R$ 7.2 million in
9 2017 GUIDANCE in R$ million Net revenue 2017 Guidance South America - Wholesale 1,250-1,450 South America - Retail North America - Wholesale Total net revenue 2,360-2,730 EBIT EBITDA CAPEX
10 AGENDA COMPANY OVERVIEW OUR BUSINESS COMPETITIVE ADVANTAGES OPPORTUNITIES FINANCIALS 10
11 WE HAVE A PORTFOLIO OF BRANDS WITH VALUE PROPOSITION FOR DIFFERENT MARKET SEGMENTS... BRAZIL ARGENTINA USA/CANADA 11 11
12 ...THAT ARE LEADERS IN THE MARKETS WE OPERATE #1 Brazil e Argentina One of the major players in the USA and Canada Location of Retail stores Plants Warehouse and distribution centers 12 12
13 IN BRAZIL, THERE WAS A SIGNIFICANT INCREASE IN MARKET SHARE IN THE LAST FEW YEARS 100% Market share in the Brazilian bedding, bath and tabletop market 1 80% 60% 40% 20% 0% Springs Global A B C Others Imports 1 Considering revenues from main companies which are estimated to represent 80% of total market 2 Revenue for South America Wholesale Source: Companies financial statements and MDIC 13 13
14 COLLECTION CYCLE The substitution of imported products with domestic ones is a good opportunity to reduce the operational cycle, finished goods inventories and exchange rate risk. Creation cycle Assortment plan (structure of collection) Sourcing cycle Research workshop and trips/ Business fairs / Product development (Creation) Quotation + Sample analysis Demand planning and negotiation with suppliers Imports Beginning of the Operational Cycle Placement of Orders for Imports Development and approval of pre-production samples Shipping Production Customs and Quality control Placement of Orders for National Store delivery National Production planning Production Store delivery 14 Launch of the Collection 14
15 PORTFOLIO OF PRODUCTS BUILT FROM CONSUMER PERSPECTIVE Assortment Plan: Definition of the collection structure: Variety of products per category Main attributes for each product Pricing Analysis of historic sales: Creative direction targeting for better commercial results Definition of the quantity of SKUs More frequent collections 15 15
16 PRODUCT DEVELOPMENT: INSPIRATION TRENDS RESEARCH (definition of themes) Research Bureau CREATIVE PATH VALIDATION/ ASSORTMENT PLAN COLLECTION DEVELOPMENT Equipe de criação Business fairs and trips 16 16
17 PRODUCT DEVELOPMENT: TRANSPIRATION VALUE VALIDATION: ATTRIBUTE X PRICE DELIVERY OF TECNICAL SHEETS FOR QUOTATION COLLECTION APPROVAL AT THE PLANTS 17 17
18 INTEGRATED SUPPLY CHAIN RAW MATERIAL SPINNING WEAVING FINISHING AND SEWING DISTRIBUTION CHANNELS CONSUMER System enables measuring demand at the point of sale Daily control panels for at all stages of the supply chain Inventory and production management Inventory and order suggestion for the store managers Weekly delivery to stores 18 18
19 VALUE ADDED ALONG THE SUPPLY CHAIN Average prices (R$/kg) in 2Q % Capital + Energy + Labor + Capital + Energy + Inputs + Labor +Creation +Brand +57% Cotton Spinning and weaving Intermediate products Finishing and sewing Bedding, tabletop and bath 19
20 RELATIONSHIP WITH MULTI-BRAND CUSTOMERS Supply chain efficiency Approximately 4,000 multi-brand customers Excellence of service at the POS Training focused on product, collections, sales, decoration / display Team of shelf stockers in the main specialized department stores and self-services chains 20 20
21 LEADERSHIP IN ESPECIALIZED RETAIL Number of Retail Stores Owned MMartan Franchise MMartan Owned Artex Franchise Artex 21 21
22 EXPERIENCE IN THE POINTS OF SALE Accessibility (quantity and location of points of sale) Layout Visual merchandising (VM) Service level Product availability 22 22
23 COMMUNICATION WITH CONSUMERS TV Ads Magazines and catalogs Traditional media Visual Merchandising (VM) Social networks Events Customer Service CRM actions: Marketing, SMS and calls Events Catalogs Magazines Anúncios Advertisements 23 23
24 COMMUNICATION WITH FRANCHISES Direct relationship, through regional managers Communication channel to multiply best practices Daily performance reports Suggestion of weekly orders according to promotions and ideal inventory level Management and CRM systems Training portal Campaign videos 24 24
25 AGENDA COMPANY OVERVIEW OUR BUSINESS COMPETITIVE ADVANTAGES OPPORTUNITIES FINANCIALS 25
26 EXPERIENCE: COMPETITIVE ADVANTAGES Loyalty from end user to our brands Retail presence enables more proximity to end users Greater assertiveness in the collection planning Lower mark down Assisted consultancy to multi-brand clients Franchise network Established franchise model of excellence National presence Expertise in design and bedding, bath and tabletop products 26 26
27 SUPPLY: COMPETITIVE ADVANTAGES Fully integrated: more efficient, lower conversion cost Market leader economy of scale Installed capacity: able to grow production significantly, with low capex Technology: plants with high automatization and flexibility levels Management: experienced personnel, controlling system at all stages of production, franchise management system and CRM Competitive energy cost
28 AGENDA COMPANY OVERVIEW OUR BUSINESS COMPETITIVE ADVANTAGES OPPORTUNITIES FINANCIALS 28
29 OPPORTUNITIES Sales expansion of decorative textile products, increasing the utilization rate of existing plants New franchise stores and conversion of owned stores to franchises Expansion of e-commerce sales Financial deleverage Better cash generation from operations Reduction of cost of debt, due to lower interest rates Monetization of non operational assets 29 29
30 CONTINUOUS LEVERAGE REDUCTION Net debt/ebitda 1 4.9x 4.3x 3.8x 1 3.6x 3.3x In recurring terms, excluding non-recurring results of R$ 17.1 million in 2015 and R$ 7.2 million in
31 CONVERSION OF OWNED STORES TO FRANCHISES Conversion target: To have less than 50 owned stores Current: 78 owned stores Six conversions in 2016 Definition according to store size 31 31
32 EFFECTS OF THE CONVERSION OF OWNED STORES INTO FRANCHISES 32 32
33 INCREASE OF THE NUMBER OF STORES IN RETAIL Greater growth opportunity in Artex network, through franchises Artex MMartan Owned MMartan Franchise MMartan Owned Artex Franchise Artex 33 33
34 FRANCHISEES ATRACTED BY STRONG BRANDS, MANAGEMENT SYSTEM OF EXCELLENCE AND ATTRACTIVE FINANCIAL RETURNS Investment Artex MMartan Store size m m 2 Franchise fee R$ k R$ k Refurbishing cost R$ k R$ k Initial inventory R$ k R$ k Working capital, including initial inventory Franchise Economics R$ k R$ k Payback months months COMMERCIAL CONDITIONS Weekly orders Products and royalties payments on term Publicity: franchesee have to invest 2% of its revenues Royalties of 20% over purchases Publicity funding fee: Free 34 34
35 READY TO TAKE OFF STRUCTURE ALREADY READY TO GROW IN RETAIL People: Experienced managers in textile and retail industries Systems: Proprietary retail management system, franchise and customer relationship management (CRM) Supply: Production capacity and distribution centers Consolidated franchise model of excellence Strong and well-known brands High quality products 35 35
36 AGENDA COMPANY OVERVIEW OUR BUSINESS COMPETITIVE ADVANTAGES OPPORTUNITIES FINANCIALS 36
37 FINANCIAL PERFORMANCE- CONSOLIDADED In R$ million Revenue and Gross margin (%) EBITDA and EBITDA margin (%) 1 2,500 2,000 1,500 1, , % 2, % 2, % 2, , % 26.8% 28% 27% 26% 25% 24% 23% 22% % % % % % 15% 13% 11% 9% 7% 5% 3% 1% % % Revenue Gross margin EBITDA 1 EBITDA margin / % pp % pp 1 Adjusted EBITDA and adjusted EBITDA margin for 2012, 2015 and
38 FINANCIAL PERFORMANCE SOUTH AMERICA - WHOLESALE In R$ million Revenue Gross profit and Gross margin (%) 1, % 31% 1,200 1, , , , , % % % % 30% 29% 28% 27% 26% % % % % Revenue Gross profit Gross margin 2016/ % - 6.6% pp 38 38
39 FINANCIAL PERFORMANCE SOUTH AMERICA - RETAIL In R$ million Revenue Gross profit and Gross margin (%) % 48.3% % 45.7% % % 50% 45% % % % Revenue Gross profit Gross margin 2016/ % + 7.7% pp 39 39
40 FINANCIAL PERFORMANCE NORTH AMERICA - WHOLESALE In R$ million Revenue Gross profit and Gross margin (%) % 48.3% % 45.7% % % 50% 45% % % % Revenue Gross profit Gross margin 2016/ % + 7.7% pp 40 40
41 SPRINGS GLOBAL BM&FBOVESPA: SGPS3
Institutional Presentation May 2017
Institutional Presentation May 2017 DISCLAIMER This presentation may include declarations about Springs Global s expectations regarding future events or results. All declarations based upon future expectations,
More informationInstitutional Presentation November 2017
Institutional Presentation November 2017 DISCLAIMER This presentation may include declarations about Springs Global s expectations regarding future events or results. All declarations based upon future
More information2018 Highlights. Events affecting the equity by 35% and cash, over the upcoming quarters, by R$ 543 million
Disclaimer This presentation may include declarations about Springs Global s expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts,
More information2Q18 Highlights. Net revenue of R$ million. Gross profit of R$ million, 2.9% superior yoy
Disclaimer This presentation may include declarations about Springs Global s expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts,
More informationSprings Global: E-commerce revenue more than doubled yoy
Springs Global: E-commerce revenue more than doubled yoy São Paulo, August 14 th, 2018 - Springs Global Participações S.A. (Springs Global), the Americas largest company in bedding, tabletop and bath products,
More informationSprings Global: focus on South America, with a more robust financial structure
Springs Global: focus on South America, with a more robust financial structure São Paulo, April 5 th, 2019 - Springs Global Participações S.A. (Springs Global), the Americas largest company in bedding,
More informationLocal Conference Call Springs Global Third Quarter 2018 Earnings Results November 14 th, 2018
Local Conference Call Springs Global Third Quarter 2018 Earnings Results November 14 th, 2018 Operator: Ladies and gentlemen, thank you for waiting. You are most welcome to the audioconference call of
More information3Q14 Earnings Conference Call
3Q14 Earnings Conference Call 2 Group Overview CONTAX IS THE LEADING CRM BPO COMPANY IN SOUTH AMERICA Contax Group at a glance Contax Group footprint and portfolio of services Contax Group Highlights 4
More informationAgenda Pages. 1. Executive Summary Business Model Results Group Key Initiatives Conclusion 21
Presentation Results Q3 2017 Disclaimer Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed and it may not contain all material information
More informationEarnings Results 3Q18 October, 26, Q18 Results October 26, 2018
3Q18 Results October 26, 2018 The multi-channel, multi-format and multi-region portfolio contributed to the sustainability of the Company's performance towards reaching this year's Guidance Gross Sales
More informationEuropris. 10. November Norway s leading discount variety retailer
Europris 10. November 2017 Norway s leading discount variety retailer 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Europris
More informationResultados 3º Trimestre de de outubro Q18 and 2018 Results February 21, 2019
4Q18 and 2018 Results February 21, 2019 2018: Highlights OPTIMIZATION OF STORE PORTFOLIO 15 Pão de Açúcar stores renovated into the new model 23 Extra Super to Mercado Extra 13 conversions to Compre Bem
More informationDeutsche Bank Conference
Deutsche Bank Conference 11 JUNE 2007 CASINO IN A SNAP SHOT A 100-year old banner 2006 consolidated sales: EUR22.5 Bio A leading multiformat French food retailer A rapid internationalisation since 1996:
More informationRecent Developments & Impacts on Forecasts and Valuation
MASTERS IN FINANCE EQUITY RESEARCH DIA RETAIL SECTOR 31 OCTOBER 2014 STUDENT: MARIA JOSÉ PRATA maria.jose.prata@novasbe.pt Recommendation: BUY Facts: DIA s 3 rd quarter of 2014 results were released on
More information2015 FY RESULTS. / IR Team / Tel: ext
2015 FY RESULTS / IR Team / Tel: +34 91 398 54 00 ext. 33890 investor.relations@diagroup.com 1 Disclaimer This document does not constitute or form part of any purchase, sales or Exchange offer, nor is
More informationGroup Strategy. Claus-Dietrich Lahrs, Chief Executive Officer. November 8, 2011
Group Strategy Claus-Dietrich Lahrs, Chief Executive Officer November 8, 2011 HUGO BOSS Investor Day 2011 // Group Strategy HUGO BOSS November 8, 2011 2 / 37 AGENDA INTRODUCTION HUGO BOSS A PREMIUM BUSINESS
More informationHUGO BOSS Investor Day 2013 Financial Strategy. Mr. Mark Langer, Chief Financial Officer November 26, 2013
HUGO BOSS Investor Day 2013 Financial Strategy Mr. Mark Langer, Chief Financial Officer November 26, 2013 Investor Day 2013 // Financial Strategy HUGO BOSS November 26, 2013 2 / 30 Agenda HUGO BOSS committed
More informationFiscal 2018 Third Quarter Earnings Call January 9, 2019
Fiscal 2018 Third Quarter Earnings Call January 9, 2019 Forward-Looking Statements This presentation may contain forward-looking statements. Many of these forward-looking statements can be identified by
More information1Q18 Earnings April 27, Q18 Earnings Presentation April 27, 2018
1Q18 Earnings Presentation April 27, 2018 Higher profitability at GPA: Reversal of sales trend and strong recovery in profitability at Multivarejo, accompanied by solid performance of Assaí Multivarejo
More informationInvestor Presentation. April 2011
Investor Presentation April 2011 Forward-Looking Statements 1. This presentation contains forward-looking statements about our current and future plans, expectations and intentions, results, levels of
More informationAgenda Pages. 1. Executive Summary Business Model Results Group Key Initiatives Conclusion 21
Presentation Results Q2 2017 Disclaimer Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed and it may not contain all material information
More information3Q13 Earnings Release
3Q13 Earnings Release São Paulo, October 31, 2013 Smiles S.A. (BM&FBOVESPA: SMLE3), one of the largest coalition programs in Brazil, with more than 9.5 million members, announces today its results for
More informationGROWTH A STRONG COMMITMENT
GROWTH A STRONG COMMITMENT INDEX 1. THE GROUP TODAY INDEX 2. STRATEGY OVERVIEW 3. OUTLOOK 2.1. Strategic Pillars 2.2. Strategic Paths 2 1. THE GROUP TODAY 3 1. THE GROUP TODAY PORTUGAL POLAND Supermarkets
More information1H FY16 RESULTS PRESENTATION
FY16 RESULTS PRESENTATION March 2016 Contents 1 Results Overview 2 Key Line Items 3 Country Results 4 Cash Flow, Balance Sheet, Dividend 5 Growth Strategy Update 6 FY16 Outlook 7 Questions A Appendices
More informationGildan Investor Presentation
Gildan Investor Presentation National Bank Financial Markets 7 th Annual Quebec Conference Toronto June 7, 2017 Rhodri J. Harries Executive Vice-President, Chief Financial & Administrative Officer Forward-looking
More informationH Financial Results
H1 2016 Financial Results Gilles Petit, CEO Arnaud Louet, CFO H1 2016 Financial Results FORWARD LOOKING STATEMENTS This presentation does not constitute an offer to sell securities in the United States
More informationFINANCIAL RESULTS EUROTORG ANNOUNCES IFRS FINANCIAL RESULTS FOR 1H September 2018
FINANCIAL RESULTS EUROTORG ANNOUNCES IFRS FINANCIAL RESULTS FOR 1H 2018 11 September 2018 Eurotorg (the Company ), the largest food retailer in Belarus, today announces its reviewed condensed consolidated
More informationDisclosure Statement. Page 2
Disclosure Statement Page 2 This presentation and the accompanying slides (the Presentation ) which have been prepared by Samsonite International S.A. ( Samsonite or the Company ) do not constitute any
More informationMAISONS DU MONDE: FULL-YEAR 2017 RESULTS
PRESS RELEASE MAISONS DU MONDE: FULL-YEAR 2017 RESULTS Very good performance across the board, in line with targets Solid sales growth and profitability Excellent free cash flow generation and strong deleveraging
More informationA Camargo Corrêa Group company
A Camargo Corrêa Group company Contents 100 years of Brazilian Talent Vision Growth Strategies Financial Performance 9M2007 2012 Capital Markets Why Alpargatas? SLIDE 2-55 100 years of Brazilian Talent
More informationSAFE HARBOR STATEMENT
1 SAFE HARBOR STATEMENT Forward Looking Statements This press release, and the above referenced conference call, contains or may contain forward-looking statements made pursuant to the safe harbor provisions
More informationDeutsche Bank Leveraged Finance Conference October 2018
Deutsche Bank Leveraged Finance Conference October 2018 Disclaimer Forward Looking Statements Disclaimer Some of the statements in this presentation are forward-looking statements within the meaning of
More information1Q17 Results Conference Call April 28 th, :00 pm (BrT) 11:00 am (NY)/ 4:00 pm (London)
1Q17 Results Conference Call April 28 th, 2017 12:00 pm (BrT) 11:00 am (NY)/ 4:00 pm (London) 1Q17 Results Financial Performance Outlook Q&A DISCLAIMER This presentation contains forward-looking statements
More informationFIRST-HALF 2017 RESULTS. 27 July 2017
FIRST-HALF 2017 RESULTS 27 July 2017 Disclaimer FORWARD LOOKING STATEMENTS This presentation contains certain statements that constitute "forward-looking statements", including but not limited to statements
More informationFor the six months ended 30 September Change (million ) Net sales % Gross profit %
Highlights For the six months ended 30 September 2016 2017 Change (million ) Net sales 551.7 548.2-0.6% Gross profit 453.4 453.9 +0.1% Gross profit margin 82.2% 82.8% +0.6 pp Operating profit 19.4 13.8-28.9%
More informationROADSHOW FRANKFURT 1
ROADSHOW FRANKFURT 1 1. SONAE AT A GLANCE 2 WE ARE A RETAIL COMPANY Market leader in food and specialized retail formats With Board control of a Shopping Centre and a Telecommunications business SONAE
More informationANALYSTS CONFERENCE 2011
ANALYSTS CONFERENCE 2011 Metzingen March 29, 2011 Analysts Conference 2011 HUGO BOSS March 29, 2011 2 / 48 AGENDA 2010 HIGHLIGHTS GROWTH STRATEGY 2010 FINANCIAL YEAR OUTLOOK Analysts Conference 2011 HUGO
More informationGrandVision Full Year 2016 Results. 20 February 2017
GrandVision Full Year 2016 Results 20 February 2017 Forward looking statements This presentation contains forward-looking statements that reflect GrandVision s current views with respect to future events
More informationEuropris. March Norway s leading discount variety retailer
Europris March 2017 Norway s leading discount variety retailer 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Europris at a
More informationFourth-quarter and full-year 2017 RESULTS MARCH,
Fourth-quarter and full-year 2017 RESULTS MARCH, 15 2018 DISCLAIMERS This presentation contains forward-looking statements. Such statements are not statements of historical fact, and reflect the beliefs
More informationInvestor Presentation
Investor Presentation September 2018 Disclaimer This presentation contains forward-looking statements. You can generally identify forward-looking statements by our use of forward-looking terminology such
More informationHighlights of the Period (*)
B2W ANNOUCES GROSS REVENUE GROWTH OF 50% AND EBITDA GROWTH OF 67% FOR 1H07 Rio de Janeiro, Brazil, August 9, 2007 B2W Companhia Global do Varejo (Bovespa: BTOW3), company resultant from the merger between
More informationInvestor Presentation
Investor Presentation June 2018 Safe Harbor Statement This presentation contains forward-looking statements. You can generally identify forward-looking statements by our use of forward-looking terminology
More informationCONFERENCE CALL. (only in Portuguese) Date: May 14 th, at 9 am BRT/ 8 am US ET/ 1 pm London. Phone: Dial-in Brazil:
CONFERENCE CALL (only in Portuguese) Date: May 14 th, 2018 at 9 am BRT/ 8 am US ET/ 1 pm London Phone: Dial-in Brazil: +55 11 3193-1001 Code: Alpargatas Presentation: http://ri.alpargatas.com.br Speakers:
More informationCnova 2016 Financial Results. February 23, 2017
Cnova 2016 Financial Results February 23, 2017 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements. Such forward-looking statements may generally be identified by
More information3Q17 HIGHLIGHTS. Gross margin 43.8% 47.0% 3.2p.p. 46.1% 47.9% 1.7p.p. Net margin -7.8% -9.2% -1.4p.p. -9.7% -7.4% 2.3p.p.
3Q17 RESULTS GRUPO TECHNOS ANNOUNCES 3Q17 EARNINGS RESULTS Rio de Janeiro, October 26, 2017 Grupo Technos (BM&FBovespa: TECN3) announces its 3Q results. The following financial and operational information
More informationROADSHOW LONDON. London I 19 November
ROADSHOW LONDON London I 19 November 2010 1 1. SONAE AT A GLANCE 2 WE ARE A RETAIL COMPANY Market leader in food and specialized retail formats With Board control of a Shopping Centre and a Telecommunications
More information2Q17 Net Revenues reached R$304.2 million, 4.7% below prior year, with revenues in Europe at historical high levels
São Paulo, Brazil, August, 8 th 2017 - Metalfrio Solutions S.A. (FRIO3) ( Metalfrio ), one of the world s largest manufacturers of plug in commercial refrigeration equipment, announces its results for
More informationSamsonite International S.A Avenue de la Liberte, L-1931, Luxembourg RCS Luxembourg: B (Incorporated under the laws of Luxembourg with
Samsonite International S.A. 13 15 Avenue de la Liberte, L-1931, Luxembourg RCS Luxembourg: B159469 (Incorporated under the laws of Luxembourg with limited liability) Consolidated financial statements
More informationBlau reaches LTM Net Revenues of R$ 677 million, the highest of its history
Blau reaches Net Revenues of R$ 677 million, the highest of its history São Paulo, November 09 th, 2018 - Blau Farmacêutica, one of the main Brazilian pharmaceutical companies in the non-retail segment,
More information4Q18 & 2018 EARNINGS RELEASE
São Paulo, February 20, 2019 - GPA [B3: PCAR4; NYSE: CBD] announces its results for the fourth quarter and full year of 2018. Due to the ongoing divestment of the interest held by GPA in Via Varejo S.A.,
More informationFelipe Dutra Chief Finance & Technology Officer
Felipe Dutra Chief Finance & Technology Officer Agenda Financial Performance Role of Financial Discipline in our business model Risk management: Balancing deleveraging with returning cash to shareholders
More information4Q17 and 2017 Earnings Release. Earnings Release 4Q17 and 2017
4Q17 and 2017 Earnings Release Earnings Release 4Q17 and 2017 Dear Investors, In 2017, our team set audacious goals for growth, value creation, customer satisfaction and brand positioning, even in an adverse
More information1Q10 Earnings Release
Rio de Janeiro, Brazil, May 10, 2010 Globex Utilidades S.A. (BM&FBOVESPA: GLOB3; OTC: GBXPY) announces its results for the first quarter of 2010 (). The Company s operating and financial information presented
More informationHalf Year 2016 Results Presentation
Half Year 2016 Results Presentation EYE CARE, WE CARE MORE 5 August 2016 Forward looking statements This presentation contains forward-looking statements that reflect GrandVision s current views with respect
More information(Convenience Translation into English from the Original Previously Issued in Portuguese) Cia. Hering
(Convenience Translation into English from the Original Previously Issued in Portuguese) Cia. Hering Financial Statements for the Year Ended December 31, 2016 and Independent Auditor s Report Deloitte
More informationAnnual Results Beter Bed Holding N.V. March 14th, 2014
Annual Results 2013 Beter Bed Holding N.V. March 14th, 2014 1 Agenda Financials Objectives, strategy and CSR Formulas Outlook Summary 2 Revenue per quarter EUR x 1.000 120.000 100.000 80.000 60.000 40.000
More information2017 RESULTS. JBS ended 2017 with a 18.9% higher EBITDA of R$13.4 billion. FY free cash flow was R$2.8 billion
2017 RESULTS JBS ended 2017 with a 18.9% higher EBITDA of R$13.4 billion FY free cash flow was R$2.8 billion In 2017, net revenue was R$163.2 billion, equivalent to US$51.5 billion Gross profit totaled
More informationGeschäftsjahr 6-Month. Neue Chancen
Geschäftsjahr 6-Month 2009 2013 & Neue Chancen Agenda Ralph Dommermuth Company development Outlook Norbert Lang Results first half-year 2013 2 6-Month 2013 Frankfurt am Main, August 14, 2013 Company 2009
More information(a) Gross Profit and Gross Margin without Depreciation allocated to cost
4Q16 Blumenau, February 23 th, 2017. Cia. Hering (BM&FBOVESPA: HGTX3), one of the largest retail and apparel designer and manufacturer in Brazil, announces the results of the fourth quarter of 2016 (4Q16).
More informationHUGO BOSS Investor Meeting Presentation
HUGO BOSS Investor Meeting Presentation January 2013 HUGO BOSS Investor Meeting Presentation HUGO BOSS January 2013 2 / 67 Agenda Group medium-term strategy American strategy update Financial strategy
More informationCONFERENCE CALL. (only in Portuguese) Date: November 14 th, at 5 pm BRT/ 2 pm US ET/ 7 pm London. Phone: Dial-in Brazil:
CONFERENCE CALL (only in Portuguese) Date: November 14 th, 2017 at 5 pm BRT/ 2 pm US ET/ 7 pm London Phone: Dial-in Brazil: +55 11 3193-1001 Code: Alpargatas Presentation: http://ri.alpargatas.com.br Speakers:
More information2Q17 Earnings Release
2Q17 Earnings Release 2Q17 HIGHLIGHTS 34.1% growth in access using ultra broadband (over 10MB) Uberlândia - MG, August 2017 - Algar Telecom, a comprehensive integrated telecommunications and IT company,
More informationHY 2018 Results. Record EBITDA & free cash flow generation. August 3, 2018
HY 2018 Results Record EBITDA & free cash flow generation August 3, 2018 Legal Disclaimer Information in this presentation may involve guidance, expectations, beliefs, plans, intentions or strategies regarding
More informationMAISONS DU MONDE: FULL-YEAR 2018 RESULTS
PRESS RELEASE MAISONS DU MONDE: FULL-YEAR 2018 RESULTS Strong performance in line with targets Continued solid momentum in online and international sales Focus on strategic pillars to deliver further profitable
More informationRALLYE. Investor Presentation November 2017
RALLYE Investor Presentation November 2017 GROUP PRESENTATION AS AT JUNE 30, 2017 RALLYE Listed company 51.1% of shares (1) 63.6% of voting rights 100% INVESTMENT PORTFOLIO Strategic asset Among the global
More informationFY2017 RESULTS. - March 8 th,
FY2017 RESULTS - March 8 th, 2018 - I 2017 key business highlights 2017 KEY BUSINESS HIGHLIGHTS strategic projects transforming the group for the long term Implementation of our omni-channel vision with
More informationInvestor Presentation
Investor Presentation Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking information, including the Company s statements regarding its future outlook. In addition,
More informationRaymond James Tech Conference. December 5, 2017
Raymond James Tech Conference December 5, 2017 Forward-looking statements The following information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act
More informationCautionary Statement Regarding Forward-Looking Statements
January 2018 Cautionary Statement Regarding Forward-Looking Statements Forward Looking Statements: Certain statements are forward-looking statements made pursuant to the safe harbor provisions of the Private
More informationL OCCITANE EN PROVENCE EN PROVENCE. Final results. for the year ended 31 March 2011
Final results for the year ended 31 March 2011 Agenda Results Highlights Strategic Review and Future Prospects 2 1. Results Highlights (million ) Net sales Operating profit Net profit 900 800 +26.1%, +
More informationCORPORATE PRESENTATION. March 2017
CORPORATE PRESENTATION March 2017 InRetail Overview Multi-format retailer with exclusive focus in Peru Leading positions in its 3 segments #1 supermarket chain #1 pharmacy chain #1 shopping center operator
More informationCorticeira Amorim, S.G.P.S., S.A. Consolidated results Fiscal Year
Corticeira Amorim, S.G.P.S., S.A. Consolidated results 2013 Fiscal Year 2 Summary Consolidated results Highlights Consolidated key indicators Raw Materials Key indicators Highlights Cork Stoppers Key indicators
More informationDOLLARAMA REPORTS THIRD QUARTER RESULTS
For immediate distribution DOLLARAMA REPORTS THIRD QUARTER RESULTS MONTREAL, Québec, December 8, 2010 Dollarama Inc. ( Dollarama or the Corporation ) (TSX: DOL) reported significant increases in sales
More informationSAFE HARBOR STATEMENT
1 SAFE HARBOR STATEMENT Forward Looking Statements This press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation
More informationFY MARCH 2011 TELECONFERENCE PRESENTATION
FY 2010 TELECONFERENCE PRESENTATION 15 MARCH 2011 1 4 APRIL 2011 DISCLAIMER This presentation contains forward-looking statements that reflect PANDORA s expectations with respect to certain future events
More information3Q18 OPERATING HIGHLIGHTS
3Q18 OPERATING HIGHLIGHTS Average rented fleet Car Rental Average rented fleet Fleet Rental 72,200 98,199 36,009 43,421 3Q17 3Q18 3Q17 3Q18 # of cars sold Fleet at end of the period 23,941 30,084 185,390
More informationMerger Presentation 90, 90, 90
228, 132, 106 85, 134, 180 233, 234, 235 254, 221, 34 Merger Presentation 90, 90, 90 1, 64, 148 226, 31, 29 December 2017 UNIDAS TRACK-RECORD 1985-2000 2001-2009 2010-2012 2013-2015 2016 Foundation SAG
More informationGrupo Carrefour Brasil
Free translation into English from the original previously issued in Portuguese Grupo Carrefour Brasil Individual and Financial Statements as of December 31, 2017 Atacadão S.A. Grupo Carrefour Brasil Individual
More informationAttached is the ASX / Media Release in relation to the results for the year ended 30 June 2018.
22 August 2018 McPherson s Limited (ASX: MCP) Manager, Company Announcements ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 Dear Sir ASX / Media Release and Webcast of FY18 Results Presentation
More informationFor personal use only Y E A R R E S U L T S FY17
H A L F Y E A R R E S U L T S FY17 I M P O R T A N T N O T I C E & D I S C L A I M E R This presentation has been prepared by Specialty Fashion Group Limited (the Company ). It contains general background
More informationGerman Investment Seminar 2011 Commerzbank AG New York January 10-11, 2011
German Investment Seminar 2011 Commerzbank AG Mark Langer Chief Financial Officer Dennis Weber Head of Investor Relations New York January 10-11, 2011 German Investment Seminar, Commerzbank HUGO BOSS January
More informationInvestor Presentation Second Quarter September 6, 2018
Investor Presentation Second Quarter 2018 Disclaimer Forward-Looking Statements This presentation dated includes forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationHow to launch a Brazilian Depositary Receipts (BDRs) program
How to launch a Brazilian Depositary Receipts (BDRs) program Handbook 1 st edition Contents Introduction...2 What is a BDR?... 4 The Rules in brief... 5 Who can launch and trade BDR?... 8 The Players...
More informationCOMPANY PRESENTATION. November /
...... COMPANY PRESENTATION November / 2017 1...... ...... FOOD FOR THE WELL-BEING OF SOCIETY AND PEOPLE S HAPPINESS This is the greater purpose that inspires the Company s mission. 2...... ...... AGENDA
More informationClique para editar o estilo do título. mestre. mestre. Quarto nível. Clique para editar o estilo do título mestre
estil estil estil Segun Segun Segun 1 September 2010 Largest Retailer in Brazil R$ 44 billion Grs Sales: (annualized based in 2010): estil estil estil Segun Segun Segun 1,891 points of sales, located in
More informationFourth Quarter & Full-Year Fiscal 2018 Results. Strategy & Portfolio Review
Fourth Quarter & Full-Year Fiscal 2018 Results Strategy & Portfolio Review 1 Forward-Looking Statements The factors that could cause actual results to vary materially from those anticipated or expressed
More informationPresentation of results for the fourth quarter and full year 2017
Presentation of results for the fourth quarter and full year 2017 CEO Pål Wibe CFO Espen Eldal 1 February 2018 Norway s leading discount variety retailer Highlights in the fourth quarter Group revenues
More informationAs of September 2014, fiscal year-end
As of September 2014, fiscal year-end Company Highlights Sally Beauty Holdings is a leading international specialty retailer and distributor of professional beauty products Annual consolidated sales of
More informationHUGO BOSS First Nine Months Results 2011
HUGO BOSS First Nine Months Results 2011 Mark Langer (CFO) November 2, 2011 Conference Call, First Nine Months Results 2011 HUGO BOSS November 2, 2011 2 / 30 AGENDA OPERATIONAL HIGHLIGHTS FIRST NINE MONTHS
More informationInvestor Presentation. May 2015
Investor Presentation May 2015 AGENDA 1 - Our markets, a significant opportunity 2 Cnova is built on two strong companies: Cdiscount and Cnova Brasil 3 - The development of marketplaces: a key element
More informationGateway Conference September 6, 2018
Gateway Conference September 6, 2018 Disclaimer FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements
More informationHY 2018 Results Presentation August 28, 2018
HY 2018 Results Presentation August 28, 2018 1 Today s speakers Bert Meulman, CEO CEO since 2004 Joined B&S in 1992, held several leadership positions Shareholding partner since 1995 Gert van Laar, CFO
More informationFY17 FINANCIAL RESULTS. April 18, 2018
FY17 FINANCIAL RESULTS April 18, 2018 Disclaimer 1 This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation
More informationFY Results FY Results. February 28,
FY 2017 Results Lisbon, February 28, 2018 February 28, 2018 1 Growth-driven strategy makes 2017 a year of strong operational performance and solid cash-flow generation +11.3% SALES TO 16.3 BN (+9.4% at
More informationEarnings Conference Call Third Quarter November 20, 2007
Earnings Conference Call Third Quarter 2007 November 20, 2007 Safe Harbor Statement The Private Securities Litigation Reform Act of 1995 (the Act ) provides protection from liability in private lawsuits
More informationB. Riley Investor Conference. May 23, 2018
B. Riley Investor Conference May 23, 2018 About This Presentation Safe Harbor Statement This presentation includes forward-looking statements (statements which are not historical facts) within the meaning
More informationHighlights of the Period
B2W REPORTS A 39% GROWTH IN GROSS REVENUE, 50% IN EBITDA AND AN IMPROVEMENT OF 32 DAYS ON THE CASH CONVERSION CYCLE IN 1Q08. Rio de Janeiro, May 08, 2008 B2W Companhia Global do Varejo (BOVESPA: BTOW3),
More informationCommenting on the results, President & CEO Petros Diamantides said:
São Paulo, Brazil, May, 24 th 2018 - Metalfrio Solutions S.A. (FRIO3) ( Metalfrio ), one of the world s largest manufacturers of plug in commercial refrigeration equipment, announces its results for the
More informationDuring the year, the Company achieved a number of milestones in executing its growth strategy:
Party City Announces Fourth Quarter and Full Year 2015 Results Revenue increase of 4% 1 on a constant currency basis to a record $2.29 billion for fiscal year 2015 Adjusted Net Income increase of 32% in
More information