Analyst Call Q2/H1 2021/22

HORNBACH Holding AG & Co. KGaA

September 30, 2021

HORNBACH is benefitting from the "new normal"

The pandemic has significantly changed what customers need.

1 People are attaching greater importance to security and physical proximity. Their homes are very important to them and they are prepared to invest in them.

2

3

People's need for security is also reflected in their shopping

habits: fewer contacts, higher average spend, more click & collect, more online.

These two changes both play to our strengths and enabled HORNBACH to gain substantial market share in the countries where it operates.

Analyst Call Q2 / H1 2021/22

©HORNBACH Group 2021

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HORNBACH on track to deliver further organic growth

High customer satisfaction across Europe

  • # 1 DIY store in Germany, Austria and Sweden according to recent surveys1)
  • HORNBACH with the highest net promoter score among German competitors (+31)
  • Best webshop in Germany, Austria, the Netherlands, Switzerland2)

Organic network expansion continued

  • 2 new stores opened in Q2 2021/22
  • 165 DIY stores in 9 countries as of Aug 31, 2021

Trollhättan, Sweden (29.6.2021)

E-Commerce sales continue to rise as Covid restrictions lift

  • Online sales (incl. Click & Collect) up by 48% to € 593 m in H1
  • Online share of HORNBACH Baumarkt Group sales now at 20% (LTM)
  • Number of customer accounts above 3 million as of Aug 31, 2021 (+20% since end-FY 2020/21)

Kundenmonitor Germany

Cluj, Romania (15.7.2021)

Sources: 1) Kundenmonitor Germany, Austria, Switzerland (2021), Evimetrix (Sweden; 2021), 2) Kundenmonitor Germany, Austria (2021), Retailer of the Year Austria, Netherlands, Switzerland (2021), no data for Czech Republic, Slovakia, Romania, Luxembourg

Analyst Call Q2 / H1 2021/22

©HORNBACH Group 2021

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H1 21/22 Financial Update: Sales and EBIT ahead of previous year after successful Q2

Customer demand for construction and DIY projects remains at a high level

  • Half-yearnet sales plus 5.1% to € 3,292 m (H1 2020/21: € 3,132 m)
  • Like-for-likesales plus 3.4% (Germany: plus 0.7%; International: plus 6.4%)

Earnings above previous year's record level

  • Adj. EBIT plus 0.7% to € 337.2 m (H1 2020/21: € 334.7 m)
  • Adj. EBIT margin at 10.2% (H1 2020/21: 10.7%), significantly above pre- Corona H1 2019/20 level (7.6%)
  • Earnings per share at € 11.69 (H1 2020/21: € 11.57)

FY 21/22 guidance confirmed: Sales and adj. EBIT expected in the upper third of the guidance

  • Sales slightly above previous year (plus 1% to 5%)
  • Adjusted EBIT between € 290 m and € 326 m; adjusted EBIT margin between
    5.3% and 5.7%

Analyst Call Q2 / H1 2021/22

©HORNBACH Group 2021

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Net sales above previous year's record

HORNBACH Group net sales in H1 (Mar 1 to Aug 31)

in € million

3,292 +5.1%

3,132

3,085

2,606 2,949

  • Strong sales growth in Q1 + Q2 driven by on-going strong demand across all product categories
  • Further significantly disproportionate growth in online sales (ICR)

Q1 (Mar 1 to May 31)

Q2 (Jun 1 to Aug 31)

2,310 2,391

2,173 2,250

2,445

+4.6%

+ 6.4%

+ 3.8%

1,577

1,678

1,555

1,614

+ 5.6%

1,576

+ 3.6%

1,492

1,457

1,509

136

140

160

182

206

+13.2%

2017/18

2018/19

2019/20

2020/21

2021/22

HORNBACH Baustoff Union HORNBACH Baumarkt AG

85

+20.5%

102

98

+6.8%

105

Q1 2020/21

Q1 2021/22

Q2 2020/21

Q2 2021/22

Analyst Call Q2 / H1 2021/22

©HORNBACH Group 2021

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Hornbach-Baumarkt AG published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 07:51:10 UTC.