BIC 
BIC Q2 & H1 2022 RESULTS PRESENTATION
August 2, 2022
1
H1 2022 KEY FINANCIAL FIGURES
Solid Growth and Resilience to Input Cost Inflation Headwinds
NET SALES
1,127.2 M€
Change at Constant
Currencies
+15.5%
Change on a
Comparative basis
+13.7%
ADJUSTED EBIT | ADJUSTED EPS | FREE CASH FLOW* | |||||||||||||||||
202.9 M€ | 3.39€ | 22.4M€ | |||||||||||||||||
Change at actual | |||||||||||||||||||
aEBIT Margin | Net Cash Position | ||||||||||||||||||
currencies | |||||||||||||||||||
18.0% | 229.9M€ | ||||||||||||||||||
+35.1% | |||||||||||||||||||
*Free Cash Flow: before acquisitions and disposals | 2 |
HORIZON STRATEGIC PLAN IN ACTION
Strong momentum in all divisions
Human Expression
Solid Back-to-Schoolsell-in for Europe, North America and Mexico - Growth in Core Writing and Coloring Segments
+18.5%in volume
+23%in value
Flame For Life
An increasingly value-
driven performance
- 17%growth for Decorated Lighters, EZ Reach, and Djeep Products
Blade Excellence
Continued growth in One-Piece& Hybrid
Rapid ramp-upof BIC Blade-
Tech B2B business
- 13%growth for added-value products
contribution to Blade Excellence growth: 31%
3
HORIZON STRATEGIC PLAN IN ACTION
Progress in all Horizon's Growth Drivers
Innovation | E-commerce | Revenue Growth | Sustainability | |||
Management | ||||||
+25% average Sales | ||||||||||||||||||||||
5.5% market share* | +14% in | Greenhouse Gas emission | ||||||||||||||||||||
for EZ Reach | E-commerce sales | Growth per SKU | reduction targets for 2030 | |||||||||||||||||||
lighter | announced in May | |||||||||||||||||||||
9% reduction in | ||||||||||||||||||||||
2% market share* | ||||||||||||||||||||||
for Soleil Escape shaver, the | More than 82% of | number of SKUs | France headquarters relocated | |||||||||||||||||||
#1 new item in the | ||||||||||||||||||||||
Advertising is in | in a certified BREEAM building** | |||||||||||||||||||||
disposable category (YTD June) | Digital | In June | ||||||||||||||||||||
*market share in value in the U.S -YTD JUN - IRI and POS | 4 |
**Building Research Establishment Environmental Assessment Method |
H1 2022 CATEGORY SNAPSHOT
HUMAN EXPRESSION
438 M€ Net Sales
+ 25.4% at CC*
35.6 M€ aEBIT
8.1% margin
Robust Back-to-School performance in the Northern Hemisphere with +23% sell-in growth
Continued rebound in both Brazil and India with high-double digit growth
Net Sales at CB | Net Sales at CC | |||||||
Adjusted EBIT Margin | ||||||||
60% | 12.0% | 9.0% | 30% | |||||
50% | 2.6% | 6.5% | -2.3% | 6.8% | ||||
10% | ||||||||
40% | ||||||||
-10% | ||||||||
30% | 20.1% | 21.4% | 21.9% 25.4% | |||||
currency | 15.9% | 14.2% | ||||||
20% | ||||||||
-30% | ||||||||
10% | 1.3% | |||||||
-50% | ||||||||
0% | ||||||||
constant | -10% | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | -70% |
-20% | ||||||||
-90% | ||||||||
*at | -30% | |||||||
-40% | -110% |
FLAME FOR LIFE
436.0 M€ Net Sales
+10.1% at CC*
166.9 M€ aEBIT
38.3% margin
Double-digit growth in key countries, fueled by distribution gains, and innovation
Continued success of EZ Reach in the US with 5.5% market share in value
Net Sales at CB | Net Sales at CC | ||||
Adjusted EBIT Margin | |||||
37.3% | 41.7% | 40.2% | 38.5% | 38.0% | |
31.0% | |||||
54.2% | 36.9% | ||||
22.4% | |||||
-1.40% | |||||
-2.1% | -2.3% | -2.5% | |||
Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 |
BLADE EXCELLENCE
240.3 M€ Net Sales
+11.8% at CC*
43.3 M€ aEBIT 18.0% margin
Solid performance in added-value products in key markets with +13% growth
Continued ramp-up of BIC Blade Tech with growth contribution of ~30%
Net Sales at CB | Net Sales at CC | |||||
Adjusted EBIT Margin | 22.4% | |||||
19.4% | 17.7% | |||||
14.1% | ||||||
12.7% | ||||||
6.8% | ||||||
4.5% | 11.6% | 12.2% | 10.0% | 11.1% | ||
1.1% | ||||||
-7.3% | ||||||
Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 |
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BIC SA published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 05:41:08 UTC.
