WHO IS BIC | 2019 FINANCIAL PERFORMANCE | |||||||||||||||||||||||||||
BIC is a world leader in stationery, lighters and shavers. For 75 years, BIC has honored the tradition of providing high-quality, | 40% | Net Sales | Earnings per share | |||||||||||||||||||||||||
affordable products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most | ||||||||||||||||||||||||||||
1,949.4 M€ | (Group share) | |||||||||||||||||||||||||||
recognized brands and is a trademark registered worldwide for identifying BIC products which are sold in more than 160 | ||||||||||||||||||||||||||||
countries around the world. | Of Net Sales | 10% of Net Sales | €3.91 | |||||||||||||||||||||||||
through new | Free cash flow (3) | |||||||||||||||||||||||||||
12,777 Employees | 25 Factories on 4 continents | 35% | products(1) | 198.0 M€ | ||||||||||||||||||||||||
Normalized(2) Income | ||||||||||||||||||||||||||||
Of Net Sales | Net cash position | |||||||||||||||||||||||||||
from Operations | ||||||||||||||||||||||||||||
146.9 M€ | ||||||||||||||||||||||||||||
The Company is listed on "Euronext Paris" and is part of the SBF120 and CAC Mid 60 indexes. BIC is also part of the following Socially Responsible Investment | 331.8 M€ | |||||||||||||||||||||||||||
indexes: CDP A list and CDP "Supplier Engagement rating Leader board," Euronext Vigeo - Eurozone 120, FTSE4Good indexes, Ethibel Pioneer and Ethibel | 24% | NIFO margin | Ordinary Dividend (4) | |||||||||||||||||||||||||
Excellence Investment Registers, Ethibel Sustainability Index (ESI) Excellence Europe, Stoxx Global ESG Leaders Index. | " | |||||||||||||||||||||||||||
WE OFFER SIMPLE, | Of Net Sales | 17.0% | €3.45 per share | |||||||||||||||||||||||||
BOARD OF DIRECTORS | INVENTIVE AND | |||||||||||||||||||||||||||
RELIABLE CHOICES | ||||||||||||||||||||||||||||
50% of independent | (1) A product is considered as new during the year of its launch and the three following years. | |||||||||||||||||||||||||||
94% rate of | ||||||||||||||||||||||||||||
7 Meetings in 2019 | 50% women* | FOR EVERYONE, | (2) Normalized: excluding exceptional items. | |||||||||||||||||||||||||
members* | attendance in 2019 | EVERYWHERE, | " | (3) Before acquisitions and disposals. | ||||||||||||||||||||||||
(4) 2018 Dividend paid in June 2020. | ||||||||||||||||||||||||||||
EVERY TIME | ||||||||||||||||||||||||||||
* In accordance with the APEP-MEDEF code, Directors who represent employees were not considered when assessing the ratio of independents and women. | ||||||||||||||||||||||||||||
EXECUTIVE COMMITTEE | ||||||||||||||||||||||||||||
Pierre Vareille (i) | Gonzalve Bich | Elizabeth Bastoni | Vincent Bedhome | Share capital breakdown | ||||||||||||||||||||||||
(i) | December 2019 | Gonzalve Bich | Chad Spooner | Thomas Brette | ||||||||||||||||||||||||
Director & Chief | Director | |||||||||||||||||||||||||||
Chairman | Executive Officer | Director | representing BIC | 1% | BICH Family | Group Insights & Innovation | ||||||||||||||||||||||
employees | Chief Executive Officer | Chief Financial Officer | ||||||||||||||||||||||||||
(61% of | Officer | |||||||||||||||||||||||||||
Timothée Bich | Marie-Pauline | John Glen (i) | Maëlys Castella (i) | |||||||||||||||||||||||||
Chandon-Moët | 45% | voting rights) | François Clément- | Mallory Martino | Peter Dalsberg | |||||||||||||||||||||||
Free Float | ||||||||||||||||||||||||||||
Director | Director | Director | Director | Grandcourt | ||||||||||||||||||||||||
Group Lighters General | Chief Human Resources | Group Supply Chain Officer | ||||||||||||||||||||||||||
Manager | Officer | |||||||||||||||||||||||||||
Candace | Marie-Aimée | Jake Schwartz (i) | Edouard Bich | Treasury | ||||||||||||||||||||||||
Matthews (i) | Bich-Dufour | 54% | Chester Twigg | Charles Morgan | ||||||||||||||||||||||||
Shares | Sara LaPorta | |||||||||||||||||||||||||||
Director | ||||||||||||||||||||||||||||
Director | Director | Director | Representative of | |||||||||||||||||||||||||
Chief Strategy & | ||||||||||||||||||||||||||||
MBD | ||||||||||||||||||||||||||||
Business Development | Group Commercial Officer | Chief Administrative Officer | ||||||||||||||||||||||||||
(i)=Independent | ||||||||||||||||||||||||||||
Officer | ||||||||||||||||||||||||||||
1 | ||||||||||||||||||||||||||||
WORDWIDE MANUFACTURING FOOTPRINT
2019: % of Net Sales by Geography
29%
EUROPE
39%
NORTH
AMERICA
32%
DEVELOPING
MARKETS
Stationery** (16 plants) | Lighters (5 plants) | Shavers (4 plants) |
**Including BIC Graphic , Updated on 30 July 2020 |
2025 COMMITMENTS TO SUSTAINABLE DEVELOPMENT
#1 By 2025, the environmental and/or societal footprint of BIC® products will be improved. In 2019, 90% of the BIC product portfolio was
evaluated. 6% of the plastic used in Stationery product manufacturing were recycled plastics.
#2 By 2025, BIC will use 80% renewable electricity. In 2019, BIC reached
76% renewable electricity across the Group, compared to 68% in 2018.
#3 By 2025, BIC aims for zero accidents across all operations. The number
of accidents decreased by 12% in 2019 and more than 46,000 hours of training on health and safety delivered.
#4 By 2025, BIC will work responsibly with its strategic suppliers to ensure the most secure, innovative and efficient sourcing. In 2019, 292
strategic suppliers and 95 risks were identified, and 43% of contract manufacturers audited.
#5 By 2025, BIC will improve learning conditions for 250 million children
globally. The learning conditions for more than 61 million children were improved since 2018 through direct actions with children or actions with teachers.
Net Sales Evolution (in M€)
1,993.4
1,949.4
2015 | 2016 | 2017 | 2018 | 2019 |
NIFO Margin Evolution (in %)
20.1%
17.0%
2015 2016 2017 2018 2019
2019 Value Sharing
-2.0 | Communities | ||||
- | 113.6 | CAPEX | |||
-77.2 | Governments | ||||
0.9 | Banks | ||||
- | 155.2 | shareholders | |||
-989.7 | Suppliers | ||||
-498.9 | Employees |
Key Non-Financial Indicators | 2018 | 2019 |
ENERGY CONSUMPTION | 12.14 | 12.59 |
(Gigajoules/tons) | ||
WATER CONSUMPTION (M3/tons) | 5.32 | 4.87 |
GREENHOUSE GAS EMISSIONS | 1.014 | 1.07 |
(CO2/tons) |
2019 FINANCIAL PERFORMANCE
Results (in million €) | 2016 | 2017 | 2018 | 2019 | 2020 | |||||||
Net Sales | 1,993.4 | 2,025.8 | 2,041.4 | 1,949.8 | 1,949.4 | |||||||
Income from Operations | 424.4 | 403.4 | 374.9 | 258.8 | 257.2 | |||||||
(IFO) | ||||||||||||
IFO margin | 21.3% | 19.9% | 18.4% | 13.3% | 13.0% | |||||||
NIFO1 | 419.4 | 409.1 | 399.6 | 352.4 | 331.8 | |||||||
NIFO1 margin | 21.0% | 20.2% | 19.6% | 18.1% | 17.0% | |||||||
Net income Group Share | 325.1 | 249.7 | 287.3 | 173.4 | 176.1 | |||||||
Capital expenditures | 121 | 181 | 186 | 125 | 114 | |||||||
Free cash flow2 | 203.6 | 119.8 | 262.2 | 180.0 | 198.0 | |||||||
Net cash position | 448.0 | 222.2 | 204.9 | 161.5 | 146.9 | |||||||
Earning per share Group | 6.89 | 5.32 | 6.18 | 3.80 | 3.91 | |||||||
Share | ||||||||||||
Dividend per share | 5.90 3 | 3.45 | 3.45 | 3.45 | 2.45 | |||||||
Payout ratio | 49% | 65% | 56% | 91% | 63% | |||||||
1/ Normalized IFO: excluding non-recurring items | ||||||||||||
2/ After acquisitions and disposals | ||||||||||||
3/ Of which exceptional dividend: 2.50 EUR | ||||||||||||
9M 2020 KEY FINANCIAL INDICATORS | ||||||||||||
(in million €) | 9M 2019 9M 2020 Change as | Change (2) | ||||||||||
reported | ||||||||||||
Net Sales | 1,448.2 1,217.8 | -15.9 | -13.2% | |||||||||
NIFO(1) | 241.1 | 176.2 | ||||||||||
NIFO(1) margin | 16.7% | 14.5% | ||||||||||
Net income Group Share | 152.6 | 90.1 | ||||||||||
EPS Group Share (in Euros) | 3.39 | 2.00 | ||||||||||
2 |
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BIC SA published this content on 10 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2020 13:52:03 UTC