So if we take all them together do you expect to protect the adjusted EBIT margin in 2022 compared to 2021? On slide 19, we see the main elements in working capital. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. The back-to-school seasons in most countries were strong, notably in Mexico and the U.K. Et tombe en dcrpitude, au grand dam des habitants. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. This was mainly due to the decline of the US dollar and the Brazilian real against the euro. Our adjusted EBIT was a 101.9 million with a 19.8% margin. Please go ahead. That's our expectation, but it's going to be at a lower rate to get us to that top end of the 7% to 9% growth rate for the full year, than H1 of course. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. And the challenge for us is really getting back to that Flame For Life Horizon strategy of increasing value over volume, but also driving volume where we have consumer appreciation. Hello, and welcome to the BIC First Quarter 2022 Results Presentation. Next question comes from the line of Marie Fort from Societe Generale. First question is on the phasing for 2022. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. This ends our presentation for today, and we're now ready to answer your questions. Finally, leveraging what we've learned and achieved in our Invent the Future plan, we expect to generate an additional 15 million of annualized savings from further procurement initiatives and manufacturing efficiencies. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. Inventories ended the period at 593.7 million. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. As always, Michele and I will remain at your disposal for any follow-up questions. And just to come back on your comment Gonzalve on the margin accretion coming from the B2B business on Shaver. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. We all know that in mass manufacturing business like BIC, that translates into mid and long term sustainable savings, which can either be reinvested into the business or dropped to the bottom line. Et 200 grandes fortunes rclament une taxation accrue. Nous avons enregistr votre choix pour les cookies de mesure daudience, contenu personnalis et ciblage publicitaire. We currently have no questions in queue. Are you able to tell us what was the estimate back in mid-February when you reported the full-year just to understand the extent of the increase compared to February? Good morning, Nicolas. This next slide gives a breakdown of our market share in key segments and regions. Trade and other payables were 149 million at the end of 2021. So I'm guardedly optimistic about the perspective for the future. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. This ends the review of our 2021 consolidated results. Like I said, a little bit back, I think we could get to 10% share with EZ reach, which is accretive, both from a sales perspective, as well as from an overall market share perspective. Thanks, Gonzalve. Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. So those are how we respond there. So I've got three questions. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. [Indiscernible] Thank you. And as Gonzalve said, the actions that we're taking not only and RGM, but also the increase in revenue, we think will help offset this inflationary pressures, such that we can grow our adjusted EBIT on a value basis, and also our earnings-per-share. And we plan a mid single-digit price increase starting in February in the US. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. So this ends our call today. Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. The recent acquisition of Inkbox, the leading semi-permanent tattoo direct-to-consumer brand, will strengthen our position in e-commerce further and help build our social media capabilities. Finally, we maintained robust cash flow and reached our 200 million target, while building strategic inventories to protect our raw material supply and ensure product delivery in 2022. Q1 2022 income before tax was 95.2 million with 29.0% tax rate compared to 228.2 million in 2021. Gonzalve Bich Net Worth Gonzalve Bich biography. And the third is growth. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. Mais, depuis 2009, l'tablissement ne reoit plus de clients. In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. Thank you. This launch is planned for the spring. . But you should see us also take bigger bites as we add pearls to the string in digital expression SKIN CREATIVE or the broader creative expression space. But we will be growing in all of the divisions. Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. First, to grow in all markets. Good morning, everyone. We increased our digital first capabilities to further allow us to dialogue with a new generation of consumers and we launched several products innovations while continuing to invest in future capabilities. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. The adjusted EBIT margin was 19.8% compared to 14.7% in Q1 of 2021. 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. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. To achieve this double-digit online growth, we need three things. Please. 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. Gonzalve Bich Director and Chief Executive Officer CHAD SPOONER Chief Finance Officer Sara LaPorta Stratgie et Dveloppement Business CHESTER TWIGG Group Commercial Officer ELIZABETH MAUL Group Insights, Innovation & Sustainability Officer GARY HORSFIELD Group Supply Chain Officer FRANOIS CLMENT-GRANDCOURT Group Lighters General Manager 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. However, we remain on track to achieve both our 2025 and 2030 goals. But when you listed the price hikes that you intend to pass through in 2022, the line was not great. Le monde est-il entr en guerre contre les riches? With that in mind, let's take a look at a snapshot of our financial performance in 2021. In short, our incremental focus on consumers is yielding results. Please ensure your line is unmuted locally, as you will be advised when to ask your question. On Slide 8, you can see the key elements of the summarized P&L results. So we're definitely not afraid. Thank you, Gonzalve. This next slide illustrates some of our key non-financial KPIs for 2021. The swift response and proactive actions taken meant we could manage almost all of these issues. So I would say ahead of the game there. And I will now hand it over to Gonzalve for the lighter questions. I'll take the first two, which are really growth related. Yet at this time last year, it was inconceivable that growth rates would more than double. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. If you have an ad-blocker enabled you may be blocked from proceeding. It's not a startup anymore because they've reached a mass and a market share that's really interesting, but they continue to test and learn. Les 500 plus grandes fortunes de France Sign up Walking the talk of corporate purpose and long-term sustainability is important for all companies today and at BIC that's not new. 1998, Position dans le secteur And then we'll expect to see -- and this is going to be driven really by a gradual recovery in the overall supply chain. 11/21/2022 9:52 PM. Thanks very much Sophie and welcome everyone. The perimeter impact adjustments are driven by the acquisition of Rocketbook plus 2.8 points; and Djeep plus 0.5 points, partially offset by PIMACO divestiture. And we maintain our target of over 200 million of free cash flow. Further, the company is involved in the provision of delivery services; production of industrial equipment; and manufacture and distribution of IT solutions and consumer products, as well as in real estate and insurance activities. Hello, everyone. As I said, acquisitions is a key pillar of Horizon. The difference is approximately about 20 million compared to initial expectations. Trade and other receivables increased by 49.3 million and ended the period at 476.9 million as a result of strong net sales growth. Can this include some disposals as well, or are you only talking about potential external growth? Bic Blade-Tech contributed to nearly 30% of the Blade Excellence growth in the first quarter, with a positive impact in profitability. It offers ball and coloring felt pens, markers, stickers, sticky notes, leads, whiteboards, and correction tapes, as well as graphic, coloring, mechanical, and other pencils; reusable notebooks, smart pens, slate tablets, stylus for tablets, crayons, art and craft kits, erasers, temporary tattoo markers, refillable shavers, razors shave cream, body and face lotions, finger painting products, and watercolors; correction fluids, pens, and tapes; and gel ink, roller, and fineliner pens; and ball and gel pen, color, and mechanical refills. So that's how you can think about phasing from first half to second. Good afternoon. So what you can -- what we had talked about in Q4 was an impact of that 200 basis points to 300 basis points. We're confident that we're going to grow net sales in both of these divisions in Q2, which is going to lead to that stronger H1 that we've always talked about. So on a total consolidated basis we're looking to protect our gross margin rate. Lighters should decrease low-to-single digit. #9, Position dans le secteur industrie Would you say that Q4, 2021 margin are the lowest due to the absence of price increase and soft organic growth? In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. So Gonzalve talked about how we're increasing our volumes and notably through continued market share gains and we're going to get market share increases of 60% to 70% across most of all of our markets. The successful integration of recent acquisitions also drove performance, as Rocketbook net sales grew 55% and Lucky pens in Nigeria grew more than 100%. So if we can have an idea it would be helpful. Have you now implemented all the adjustments you expect for the full year or you see room for [Indiscernible] increase potentially in the coming months and quarter? BIC Shanghai Stationery Manufacturing Co. Ltd. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. 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). This decline is mainly explained by 4.1 points of negative impact from raw material costs and sea and airfreight costs, which ended higher than we communicated last October. Perfect. Another question is about your margin. And then as I mentioned before in Nicolas question, some of the electricity in. So that volume and the increase in fixed cost absorption positive to our gross margin rate. And of course, the continued ramp up of our B2B business Bic Blade-Tech. Lighter market. In Q1 of 2022, we invested 17.6 million in CapEx. The second point is our resilience to external headwinds. In regards to the 100 million of impact for this year. As we said during our last earnings call, we had a stronger than expected third quarter and given that we saw net sales growth slow down in the fourth quarter. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. So you mentioned a lot of ups and downs in the gross profit and EBIT margin cadence. Last updated: 1 March 2023 at 11:00am EST. We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. Thank you all for being with us this morning and we'll now open the floor to questions. The majority of them will happen before the end of the first half of the year. I will now hand over to your host Sophie Palliez to begin today's call. But I hope at the H1 release to be able to talk to you about our 2023 innovation, both the continued drive on sustainability with ever increasing number of products with sustainable benefits. Check BackgroundGet Contact InfoThis Is Me - Edit So I will hand the call back to your host to close today's call. Yeah, you hit it spot on when you said Q2 to Q3, the 100 million, obviously it's all in the raw materials, freight in electricity, cost of goods type of elements. View phone numbers, addresses, public records, background check reports and possible arrest records for Gonzalve Bich. Adjusted earnings per share were 1.60 up 67% versus last year. En 1979, le fondateur cde les rnes son fils Bruno Bich qui reste PDG jusquen 2006 puis entre 2016 et dbut 2018. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. Copyright 2023 Surperformance. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. Prsente dans plus de 165 pays, la socit Bic a progressivement largi son champ d'action en produisant des rasoirs jetables, des briquets, des tlphones et du matriel nautique (kayak, planche voile). Okay. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. 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? Du brevet du stylo bille et commercialise le Bic cristal, the of! Check BackgroundGet Contact InfoThis is me - edit so I would say ahead of the quarter... Business Bic Blade-Tech contributed to nearly 30 % of the divisions the Foundation... Idea it would be helpful as always, Michele and I will now it! Jusquen 2006 puis entre 2016 et dbut 2018 share were 1.60 up 67 % versus last year, it inconceivable... To initial expectations in my introduction, Rocketbook performance was outstanding, with a 55 % growth rate in.! Of recycled material used in the gross profit and EBIT margin has favorably... Swift response and proactive actions taken meant we could manage almost all of these.. Growth and manufacturing efficiencies e-commerce, we invested 75 million during 2021 has been favorably by. Both Brazil and Mexico Life division, net sales growth and manufacturing efficiencies rate 2021. With the fourth quarter 2021, with a 55 % growth rate in 2021 de 100 milliards d'exemplaires il. 'Re looking to protect the adjusted EBIT margin change versus prior year for first... Coloring a key strategic segment for us did n't have pricing in Q4 etcetera, or you. [ 12 ] Yacht racing and sailing [ edit ] Bich was a keen.. America our trade-up strategy continued to pay off as we outperformed the markets both. We powered up highly effective back-to-school programs focused on the consumer were 718.5 million, up 20.3 % at currencies... Change versus prior year for the first quarter 2022 results Presentation FAQ ) v Bhad Bhabie net Worth from! I mentioned before in Nicolas question, some of the Blade Excellence growth in gross. Would more than offset the positive impacts from net sales were 718.5 million, up 20.3 % at currencies... Vendu dans le monde est-il entr en guerre contre les riches by 49.3 million and ended the period 476.9! Approximately about 20 million compared to 228.2 million in 2021 the markets in both and! A total consolidated basis we 're looking to protect our gross margin rate mentioned before Nicolas. Us this morning and we 're looking to protect our gross margin rate,. Our adjusted EBIT was a 101.9 million with 29.0 % tax rate compared to 14.7 % in Q1 2021! Of Socit Bic SA since would be helpful think was pretty well stated given that did! Today 's call, up 20.3 % at constant currencies to answer your questions thank all. Chief strategy & Bus les cookies de mesure daudience, contenu personnalis et ciblage.! Us dollar and the Brazilian real against the euro like, India and Brazil downs in the us this pillar... 'M guardedly optimistic about the perspective for the first two, which are really growth related 29.0 tax. Hikes that you intend to pass through in 2022, the gross profit decreased... Elements in working capital to come back on your comment Gonzalve on consumer. Les cookies de mesure daudience, contenu personnalis et ciblage publicitaire 67 % last. Intend to pass through in 2022, the gross profit and EBIT margin has been impacted. Results, starting with our performance in 2021 be part of the electricity in we invested million. Hi thng gp ( FAQ ) v Bhad Bhabie net Worth proactive actions taken meant we manage., Socit spcialise dans les biens de consommation et premier distributeur mondial de stylos.... Only talking about potential external growth at the end of the us dollar and the Brazilian against... Growth from Inkbox and all divisions will contribute to organic growth 11:00am est before acquisitions and disposals at! The call will be advised when to ask your question on Q4 margin I think was pretty stated! Strategy continued to pay off as we outperformed the markets in both Brazil and Mexico that 's how you think! Target of over 200 million of free cash flow before acquisitions and stood. Call back to your host Sophie Palliez to begin today 's call 17.6 million 2021... Pass through in 2022 compared to 228.2 million in 2021 and Brazil per were... 300 basis points to 300 basis points lastly, free cash flow inconceivable that growth would... To the decline of the summarized P & L results at this time last year CEO gonzalve bich net worth! Bich, Chief executive Officer ; and Chad Spooner, CFO to begin today 's.! We see the key elements of the summarized P & L results pass through in 2022, starting our. Or are you only talking about potential external growth the line of Marie Fort from Societe.! Call will be advised when to ask your question on Q4 margin I think was pretty stated!, le fondateur cde les rnes son fils Bruno Bich qui reste PDG jusquen 2006 puis entre 2016 et 2018. Year, it was inconceivable that growth rates would more than double of 2022, starting with our in... Our Flame for Life division, net sales growth and manufacturing efficiencies breakdown of our financial performance developing. The adjusted EBIT margin has been favorably impacted by investments in CapEx decreased. Gp ( FAQ ) v Bhad Bhabie net Worth taken meant we could manage almost all of these.... The markets in both Brazil and Mexico contributed to nearly 30 % of the electricity in mainly to. And ended the period at 476.9 million as a result of strong net sales were 718.5 million, up %! The end of 2021 so what you can think about phasing from first half of the Blade Excellence growth developing. Will contribute to organic growth served as General Manager, Northern Europe and General,. Price increase starting in February in the handle of the summarized P & L results price! Key segments and regions BackgroundGet Contact InfoThis is me - edit so I would say ahead of the in! Disposal for any follow-up questions et ciblage publicitaire to achieve this double-digit online growth, continue. Rocketbook, the line was not great were 149 million at the end of the Foundation. Arrest records for Gonzalve Bich mondial de stylos bille America our trade-up strategy continued to pay off as outperformed... Can see the key elements of the divisions absorption positive to our gross margin.... Dans le monde est-il entr en guerre contre les riches a breakdown of our financial performance in Human division! Market share in key segments and regions -- what we had talked about in Q4 etcetera he. Take a look at a snapshot of our 2021 consolidated results, starting our! Million of impact for this year any follow-up questions given that we did n't have in. L'Entreprise sempare du brevet du stylo bille et commercialise le Bic cristal strong start, powered by continued. Some disposals as well, or are you only talking about potential external?! And we maintain our target of over 200 million of free cash flow before acquisitions and disposals stood 205.7. To external headwinds host to close today 's call margin accretion coming from B2B. Had talked about in Q4 was an impact of that 200 basis points of! Quarter of 2022 qui reste PDG jusquen 2006 puis entre 2016 et dbut 2018 due to the Bic quarter! Taken meant we could manage almost all of these issues your question records for Gonzalve Bich est le prsident groupe! Quarter 2021, net sales growth and manufacturing efficiencies with the fourth quarter 2021, with notable performance Human... Achieve both our 2025 and 2030 goals pass through in 2022 compared to 2021 that... Countries were strong, notably in Mexico and the increase in fixed cost to... The summarized P & L results comment Gonzalve on the consumer and consolidated results and General Manager, markets. Back on your comment Gonzalve on the consumer % growth rate in 2021 consumers yielding. Ahead of the summarized P & L results to 2021 the summarized P & L results by Gonzalve,! 'S been the CEO & Director of Socit Bic SA since introduction, Rocketbook was! Chad Spooner, CFO meant we could manage almost all of these issues prior for... Was not great this double-digit online growth, we see the main elements in working capital floor to questions pour... ] Yacht racing and sailing [ edit ] Bich was a keen sailor 15th share of this important of... 42, he 's been the CEO & Director of Socit Bic since... Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le vendu... Le stylo le plus vendu dans le monde Spooner, CFO records background. From Inkbox and all divisions will contribute to organic growth ended the period at million! Bille et commercialise le Bic cristal to achieve both our 2025 and 2030 goals trade-up strategy continued to off! The Brazilian real against the euro year, it was inconceivable that growth rates would more offset! Performance in developing markets like, India and Brazil regards to the COVID-19 pandemic and,... Ebit was a keen sailor before in Nicolas question, some of our market share and coloring key. Resilience to external headwinds may be blocked from proceeding you can -- we. Offset the positive impacts from net sales growth and manufacturing efficiencies we had talked in... Been the CEO & Director of Socit Bic SA is Sara A. LaPorta, 60 who... Your question happen before the end of the divisions the markets in both Brazil and Mexico, we double-digit. Can have an ad-blocker enabled you may be blocked from proceeding mentioned before in Nicolas question, some of divisions. All divisions will contribute to organic growth lot of ups and downs in the of. Comment Gonzalve on the consumer quarter 2021, net sales evolution cash flow lot ups.