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And it means that you're generating higher dollars per skew, you're being more productive. 03/02/1979, Secteur They will start by an overall presentation of our 2021 performance and 2022 outlook. Gonzalve will explain in more detail how we expect to mitigate these impacts. Thanks very much for your questions. Good pipeline of new products and new projects to animate 2022. We will start with the usual presentation and then open the floor to your questions. All rights reserved. So those are how we respond there. I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. Performance was notably driven by robust commercial execution in Europe, Latin America, Middle East and Africa and by further market share gains in strategic segments including Coloring. It markets its products primarily under the BIC, BIC Kids, Cello, Lucky, RocketBook, Tipp-Ex, BIC Wite-Out, DJEEP, BIC Soleil, Us, MADE FOR YOU, BIC Evolution, and BodyMark brands through a range of channels, including retail mass-market distributors, traditional stores, and office product stationers, as well as an e-commerce site. And so we divested it and it's on to a future that it has. And of course, the continued ramp up of our B2B business Bic Blade-Tech. And the phasing really is raw material and freight piece that accounts right, 80% of it. I'm extremely proud of how our teams have pulled together to deliver an exceptional quarter with double-digit growth across all our categories and accomplishing this, while navigating continued supply chain issues and rising inflation in addition to labor shortages of last year. On Slide 17, you can see the key elements of the summarized P&L results. For the Rocket -- Sorry, did you have a follow-up? This increase was driven by net sales leverage and favorable fixed cost absorption, partially offset by the increase in raw material and freight costs, as well as Inkbox 's investment in growth. This is explained by the 2022 unfavorable impact of the fair value adjustments to financial assets denominated in U.S. dollar against the Brazilian real. It's also about reducing the skews in the first quarter of this year, we reduced skews 10%. And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. Their unique brand positioning offers tremendous growth opportunities and you should expect more initiatives from us in the near future. Inventories ended the period at 490 million. Je souhaite recevoir uniquement les alertes infos parmi les thmatiques suivantes : Le self-made score est tabli en fonction de lorigine de la fortune: Challenges - Les contenus, marques, ou logos du site challenges.fr sont soumis la protection de la proprit intellectuelle. For the duration of the call, your lines will be on listen-only. So that's how you can think about phasing from first half to second. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. We also held or gained share in fast-growing European countries like Poland, Turkey and Russia in shavers where our Hybrid and Flex ranges outperformed the market. You mentioned that a lot of time during the call, is there anything we should expect in H2 and major innovation for any category in H2? First, we will increase volumes, which will positively impact our fixed cost absorption. So you should expect more of that from us in 2022. Socit BIC SA executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. This ends the review of our 2021 consolidated results. And looking at the Lighter U.S. markets for the full-year, I think you should expect mid to high-single-digit decline in absolute term, what are the main driver of such a decline? They have a new product roadmap and we'll be rolling that out. This robust performance was fueled by efficient digital brand support investment, driven by a very simple idea, that a BIC seen is a BIC sold, regardless of whether it's online or offline. Adjusted net income group share was 191.7 million, compared to 159.4 million last year for the same period. It has the type of margins that we're looking for. So definitely, acquisitions some divestitures, but really leaning into growth is what my team Chad and I do day in and day out and are super, super laser-focused on. So first with Lighter on the back of very, very strong Q1, we should see slight increase in Flame For Life in the second quarter driven by Europe, Latin America, but also in the U.S. as we continue to deploy EZ Reach, we end expect to continue to gain market share. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. This is explained by the strong favorable impact of fair value adjustments to financial assets denominated in US dollars versus the Brazilian real in full year 2020. We had those in sell out in the market as well. We're not seen any material volume elasticity to date. And I'm really pleased with what the team's been doing. We expect raw materials and freight costs to negatively impact 2022 gross margin. Although the recent acceleration of input cost inflation is expected to have a negative impact on operating margins, I'm confident in our ability to take the necessary actions to mitigate this impact. Currency fluctuations had a negative impact of minus 2.8 points, excluding the foreign exchange impact from Argentina. Hi Nicolas, this is Chad. When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. Et Marine Tondelier (EELV) veut une France sans milliardaires. Now before I conclude with our 2022 financial outlook, I'd like to share the factors that will underpin our financial performance this year. Socit BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North and Latin America, the Middle East and Africa, the Oceania, and Asia. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. And then we look to drive to be more profitable obviously in '23 and to be profitable in 2024. To your question about the U.S. The next question comes from the line of Marie Fort from Societe Generale. Moving from a pure customer-driven to a 360 consumer - centric strategy, which will continue to bear fruit and support short-term and long-term growth in this important market for us. Bich stepped down as Chairman of Societe Bic in 1993. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. While facing external headwinds, we did not let our guard down. Thanks, Gonzalve. Now let me give the floor back to Gonzalve. Presently, Gonzalve Marie Leon Bich is Chief Executive Officer & Executive Director at Socit BIC SA and Chairman of BIC International Development SAS, Chief Executive Officer of BIC USA, Inc. and President, Chief Operating Officer & Director at BIC International Co. (which are all subsidiaries of Socit BIC SA). And then we'll expect to see -- and this is going to be driven really by a gradual recovery in the overall supply chain. Thank you and good morning everyone. Lighter industry. Now, I'll provide a little color on each of these. year, it was inconceivable that growth rates would more than double. Full year 2021 Blade Excellence adjusted EBIT margin improved 1.9 points, thanks to manufacturing and raw material efficiencies and more efficient brand support, notably in the US where we successfully chose to improve the balance between promotional support visibility and profitability. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. Thank you for your questions. everyday essentials that bring simplicity and joy at people's lives all around the world. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. So if we can have an idea it would be helpful. We currently have no questions in the queue. On slide 19, we see the main elements in working capital. I've about four questions, please. What is BIC net worth? If anything, I think that they're an interesting way to create dynamism in a portfolio. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. Thank you. That was for Lighter. And we plan a mid single-digit price increase starting in February in the US. So what we like to say is all-in-all, we expect to protect our gross margins including the positive impact from consolidating Inkbox because Inkbox has a very strong gross profit margin. Full year 2021 Flame For Life adjusted EBIT margin improved by 2.6 points fueled by the strong increase in net sales, partially offset by higher brand support and higher freight and distribution costs. Vos prfrences ont bien t enregistres. Gonzalve Bich is the CEO & Director at Socit BIC SA. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. And you saw that in the acquisition of Rocketbook which was the first step in our digital writing platform. We have a good back-to-school in front of us in all of the geographies, Europe, North America, Mexico, those are the big ones for third quarter, which will finish shipping in Q2. Can we have an idea of how these impacts could be phased between H1 and H2, do you anticipate stronger impact in Q2, Q3, just to have an idea. Net sales performance was driven by U.S. lighters outstanding results. On Slide 8, you can see the key elements of the summarized P&L results. Gonzalve Bich is currently Chief Executive Officer at Bic - View - Bic org chart. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. He was Chief Operating Officer (COO), responsible for BIC Group Consumer . BIC, Entre dans le classement Okay. Starting with our performance in Human Expression division. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. So, finally in Latin America, it will be mid to high single-digit price increases will be implemented across all divisions in Q1. Wallmine is a radically better financial terminal. And so taking into account the B2B business what sort of margin could we expect for the Shaver business in the mid to long term? This next slide shows the impact of input cost inflation on gross profit in 2021 and 2022 in millions of Euros. Please go ahead. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. Presently, Gonzalve Marie Leon Bich is Chief Executive Officer & Executive Director at Socit BIC SA and Chairman of BIC International Development SAS, Chief Executive Officer of BIC USA, Inc. and President, Chief Operating Officer & Director at BIC International Co. (which are all subsidiaries of Socit BIC SA). You may now disconnect your lines. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. We will launch BIC Soleil Escape, a new one-piece shaver with a unique sensorial experience to elevate BIC brand perception of quality and modernity. Are we talking something materially above what you generate for the division today? We started doing so in September of last year. We've reframed our historical approach by category, to include incremental, fast-growing adjacencies and made some active moves there in bringing in Rocketbook and Inkbox, as we build out new division. The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. Inkbox will contribute positively to gross profit. The disposable Shaver market will continue to be challenging with the anticipation of several new competitor product launches. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. And today, it represents about 7% of our total stationery sales in the first quarter. This next slide illustrates some of our key non-financial KPIs for 2021. We talked about the launch of a subscription offer, which we're going to be doing, and more collaborations with artists. There are no executives at Socit BIC SA getting paid more. We bought back 13.1 million worth of shares in the first-quarter of 2022. In Lighters we expect the market to decrease low-to-mid-single digits following a very strong performance in 2021. This performance -- this solid performance is a proof point of our ability to integrate successfully newly acquired companies. The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. Officer. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Que se passe-t-il vraiment? Which I will tackle in a second. Our brands and products are recognized and required by consumers and used every day. The company was founded in 1944 and is headquartered in Clichy, France. In Shaver, we will focus on revenue growth management to leverage price pack architecture and promotional effectiveness to ensure we deliver a portfolio to meet consumer needs in Europe and the US. We expect a very strong first half of the year so it will be above -- in the high end of the 7% to 9% range that Gonzalve gave on the organic sales. Ce quadragnaire, petit-fils du fondateur, dtient avec sa famille 46,3% du fabricant de stylos, papeterie, briquets et rasoirs (CA: 1,8milliard), qui sest fix de nouveaux objectifs de dveloppement durable. So this ends our call today. In Lighters, the increase in pocket in US Lighter will be mid single-digit and will be implemented between February and May of this year in both modern mass market and convenience channels. And in shave, I'm proud to say that BIC Soleil Escape, a new women's razor, offering a novel multi-sensory experience, boosted sales performance in the U.S., as soon as it launched. We started 2022 with strong momentum. . And as Gonzalve mentioned that could have -- that will have an anticipated 50 to 80 basis points negative impact on our margins in 2022. The third highlight is the continued progress in our sustainability journey. And it was no longer strategic and core to the mission that we had down there. Since 2018, we've served 158 million children, which is a tremendous source of pride for the team across BIC. Is this happening to you frequently? industrie, Entreprise This was partially offset by the negative impact of raw material costs and sea and airfreight costs. And in Europe, it will be mid-single-digit price increase across the channels, starting in March. And just to come back on your comment Gonzalve on the margin accretion coming from the B2B business on Shaver. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. Some are full sustainability lines, other just improvements in the product set as well as other exciting things like EZ Reach or color change that really delight the consumer and it answer our -- reason that of bringing simplicity and joy to people's lives every day. And the last question is about Coloring. Thanks. Now, turning to our Flame For Life division, net sales were 226.4 million up 22.9% at constant currencies, and adjusted EBIT was 87.1 million with a 38.5% margin. Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. Given the current market assumptions that we see right now we think that we have the ability to protect our adjusted EBIT margins at a constant perimeter. My name is Jess, and I'll be your coordinator for today's events. Gonzalve Bich is the CEO & Director at Socit BIC SA. And we're all looking forward to see you on the 18th of May for our Annual Shareholder Meeting. Taking Europe first, we expect to see flat to low single-digit increases in Lighter and Shavers and a low-to-mid-single-digit increase in Stationery. We received cash proceeds of 132.5 million 127.9 million for the sale of our headquarter building in Clichy and 4.6 million for the Pimaco divestiture. Net cash from operating activities was 280.6 million including 410.3 million in operating cash flow and 129.7 million of negative impact from the change in working capital and others. Officer. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. Please ensure your line is unmuted locally, as you will be advised when to ask your question. So I'm guardedly optimistic about the perspective for the future. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. And finally, in Latin America, mid to high single-digit price increases will be implemented in the first quarter across all divisions. When we announced the launch of our B2B business and Shaver Bic Blade-Tech, we expected that the first visible outcomes of this new strategy would not occur before this year 2022. Franois-Henri Pinault, le PDG de Kering, et Bernard Arnault, celui de LVMH,intensifient, depuis quelques mois, leur bras de fer immobilier pouroffrir des crins de luxe aux nombreuses griffes de leurs groupes respectifs. So I'll just repeat, the fact that we have plans to increase prices in all categories and regions and I'll walk through those again for you slowly. And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. From net sales performance was outstanding, with a 55 % growth rate in 2021 and 2022 in of! 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