sfaf presentation 31 august 2017 - actusnews wireaug 31, 2017 · sfaf presentation 31 august 2017....
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SFAF PRESENTATION31 AUGUST 2017
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Digital for Retail Now!
Specialist in digital solutions forphysical retail
Global n°1 in connected digital pricetags
Euronext Paris listed
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Confidential - December 28, 2015
Price agility & precision
ShopperConnectivity
StoreEfficiency
SES-imagotag: partner of the digital transformation ofcommerce
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ShopperAssociate
Shopper identification& tracking Wireless
HD displayGeolocation
QR code
Flashing Led
Temperature sensor
Motion sensor
NFC
We digitalize physical retail
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13,000 STORES IN 54 COUNTRIES
2010 2011 2012 2013 2014 20152007 2008 20092006 2016 2017
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World-class referencesMore than 13,000 stores in 54 countries benefit from theSES-imagotag solution, incl. 30 retailers in the global top 100.
50 100 100200 250
320 330 350
500
700 700
9001000 1000 1000
1600
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A worldwide Group
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H1 2017
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Leapfrog progressIntensification of international expansion−New geographies, staff, partners −Numerous new pilots & clientsFindbox & PDi integrationProduct & software roadmap acceleration−G2-Fusion−Connected Commerce CloudManufacturing automation project
Market Adoption throughout Europe Beginning in new geographies (China, US, ...)Beginning in new verticals
CompetitionIncreased price competition from AsiaSES-imagotag consolidates its leadership
H1 summary
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Sales €m: +11% YOY growth
53 56 58
3236 37
S1 2016 S2 2016 S1 2017
8595
France+15%
International+8%
92
10
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61%INTERNATIONAL SALES
1111
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Order entries €m: +37% YOY growth
12S1 2016 S2 2016 S1 2017
76
104
69
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IFRS Consolidated P&L Statement€m 2017 H1* 2016 H1
RestatedΔ
SALES 95.4 85.9 +11%MVC 24.9 21.3 +17%% of sales 26.1% 24.8% +1.3 ptsEBITDA 7.3 8.2 -11%% of sales 7.6% 9.5% -1.9 ptDepreciation and Provisions -3.9 -3.1 +26%Current EBIT 3.4 5.0 -32%Non-recurring expenses -2.4 -0.8 +200%EBIT 1.0 4.2 -76%% of sales 1.0% 4.8% -3.8 ptsNET INCOME 0.7 1.5 -53%% of sales 0.7% 1.7% -1.0 pt
13* Audit procedures finalized. Financial Half Year Report to be issued mid-September2016 EBIT & Net Income were restated to contemplate the fair value of the free share plans and associated taxes that were not booked in 2016 H1 for -0.5M€ (this restatement has no impact neither on cash nor on equity)
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EBITDA (€m)
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2016 H1
2017 H1
Volume effect
GM% effect
OPEXPerimeter
effect
8.2
2.41.3
(2.5)
7.3
(2.0)
OPEXInternationalexpansion
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Cash Flow
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€mEnd of
Dec. 2016End of
June 2017Flow of the
period
Net Cash 6.3 5.7 (0.6)
Cash 33.3 58.7 25.4
Debt (27.0) (53.0) (26.0)
€m 2017 H1* 2016 FYEBITDA 7.3 16.6
Capex (5.1) (9.3)Change in Working Capital (2.9) (6.7)Financial investments / acquisitions 2.3 (7.0)Financial result 0.2 (1.6)Corporate tax (1.1) (1.2)Others (1.3) (1.6)Change in Net Cash (0.6) (10.8)
* Audit procedures finalized. Financial Half Year Report to be issued mid-September
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Perspectives
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Perspectives
H2 2017
2018
2020
Under pressure−Slowdown vs H1 in ESL shippings due to “G2-fusion” ramp-up phase−Continued pressure on price / margins until end-of year
Strongly benefit from 2017 efforts and successes−Brand new / highly competitive product line (similar to G1 launch)−Roll-out of numerous new clients gained in 2017−New markets : China, Japan, USA, UK, Russia−New verticals : HD, Conv., Duty-Free, Cosmetics, Fashion, Luxury, Non-retail
Reiterated Leapfrog target − € 0.4 – 0.5 Bn sales / 15-20% Ebitda
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ESL market upward revaluation
Source: ABI Research
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La partie de l'image avec l'ID de relation rId2 n'a pas été trouvé
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Leapfrog 2020: A new step toward globalisation
2010 2016 2020
Sales M€
France Europe ROW
Europe
Global
2020 targetCA 400-500 M€
EBITDA 15-20%
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Making retailers
very profitable again
Présentation du 23 février 2017