2021 HALF-YEAR RESULTS PRESENTATION
6 MONTHS ENDED 31 MARCH 2021
Stock Spirits Group PLC | 2021 Half-Year Presentation
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Stock Spirits Group PLC | 2021 Half-Year Presentation
Business review
Financial results
Mirek Stachowicz (CEO)
Paul Bal (CFO)
Concluding remarks | Mirek Stachowicz (CEO) |
Q&A
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01
BUSINESS REVIEW: MIREK STACHOWICZ
Chief Executive Officer
Stock Spirits Group PLC | 2021 Half-Year Presentation
ONGOING RESILIENCE
SOLID FINANCIAL PERFORMANCE DESPITE ON-TRADE CLOSURES:
Constant currency:
- Revenue +0.3%
- Adjusted EBITDA +1.7%
Adjusted EBITDA margin 24.3%, +20bps vs last HY
Basic EPS +90.4%
GOOD PERFORMANCE FROM 2019 ACQUISITIONS & OTHER MARKETS:
Contribution from Distillerie Franciacorta up significantly despite COVID challenges
Bartida continues to perform well despite on-trade closure
Improved delivery in Slovakia, and continued growth in Germany
RESILIENCE AGAINST A CHALLENGING BACKDROP:
Our markets were more impacted by recent lockdowns
Delivery in line with last year's strong performance, despite closure of on- trade
Continued momentum from NPDs and off-trade focus
STRONG CASH GENERATION1 DESPITE COVID-19:
84.9% cash conversion (HY20 58.9%)
Leverage: 0.55x (as at 31 March 2021)
Refinancing completed ahead of schedule
GAINING MARKET SHARE IN CORE MARKETS:
Poland 5-year value market share high
Too early to assess small format tax longer term impact in Poland
Czech growth in market share despite lockdown and "copy-cat" competition
Italian brands growing share across all categories
INTERIM DIVIDEND & OUTLOOK:
Interim dividend of 2.98 € cents per share, +7.6% on last half year dividend
Committed to M&A strategy
Confirming our continued confidence in the business model and the future
Note: 1. Cash conversion is adjusted free cash flow as a % of adjusted EBITDA. Leverage is the ratio of net debt: adjusted EBITDA, including IFRS 16 adjustments
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Stock Spirits Group plc published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 08:07:00 UTC.