Additional Information
Investor Relations and Financial Communications
Overview
In September 2014, Ontex established a dedicated in-house Investor
Relations and Financial Communications department, with
responsibility for all communications with the financial community.
Our aim is to provide reliable, consistent information on a timely basis
to all financial market participants such as investors and analysts.
During 2014 we held investor meetings, including roadshows and
conferences, in several locations in Europe. In addition to Europe, going
forward we will organize investor meetings in North America
and other locations depending on the level of interest.
Shareholder structure
Following the IPO in June, Whitehaven B S.à r.l., an entity which
represents The Goldman Sachs Group, Inc. and certain affiliates
of TPG Global, LLC, notified Ontex that on December 8 2014, as a result
of the sale of shares, their shareholding was 22.0%. The shareholder
structure of the Company as at December 31 2014, based on all
transparency declarations received by the Company as at that date,
was as follows:
Shareholders (rounded)
Whitehaven B S.à r.l.
Former Ontex management
Directors
Other members current management
Threadneedle Asset Management
Holdings Ltd
GIC Private Ltd
Janus Capital Management LLC
Aviva Investors Global Services Ltd
AXA Investment Managers SA
Remaining publicly held
Total
Share performance
Ontex announced the final pricing of its shares on June 24 2014
at a price of €18 per share, with trading of the shares under the
symbol “Ontex” on the Euronext Brussels stock exchange commencing
on June 25 2014. The closing price on December 31 2014 was
€23.72 per share, an increase of 31.8%.
Title: Performance of the Ontex share compared with market indices
and hygienic disposable manufacturers:
25
23
21
19
17
15
Number of
shares held
Percentage
14,941,338
1,179,111
1,139,307
963,977
22.0%
1.7%
1.7%
1.4%
2,620,726
2,600,783
2,293,433
2,080,783
2,053,236
38,182,861
68,055,555
3.9%
3.8%
3.4%
3.1%
3.0%
56.1%
100.0%
On March 13 2015, the Company received a transparency declaration
from The Goldman Sachs Group, Inc. and TPG Group Holdings (SBS)
Advisors, Inc., their affiliated entity Whitehaven B S.à r.l., and former/
current members of the Executive Management Team of Ontex, acting
in concert, stating that on March 10 2015, they crossed the threshold
of 3% of the total number of voting rights in the Company downwards
as a result of sales of shares.
An actual overview of the shareholdings of Ontex reflecting the most
recent transparency declarations received can be consulted on our
website http://www.ontexglobal.com/shares.
Jun
2014
Juy
2014
Aug
2014
Ontex
Euro Stoxx 600
P&G
Kimberly Clark
Sept
2014
Oct
2014
Euro Stoxx HPC
Nov
2014
Bel20
Dec
2014
SCA
Analyst coverage
Ontex was covered by 8 analysts at December 31 2014. 6 of these
analysts had a positive1 rating on the Ontex share, while the
recommendations of 2 analysts on the Ontex share were neutral.
1positive indicates buy, accumulate, or overweight depending on the terminology
of the broker institution
Financial calendar
Quarter 1 2015
Annual General Meeting of Shareholders
Quarter 2 2015
Quarter 3 2015
May 11, 2015
May 26, 2015
July 29, 2015
November 5, 2015
Investor contacts
Philip Ludwig
Head of Investor Relations and Financial Communications
+32 53 333 730
[email protected]
Press contacts
Gaëlle Vilatte
Head of Corporate Communications
+32 53 333 708
[email protected]
Ontex Annual Review 2014
103
Additional Information
Glossary
Adjusted basic earnings per share: profit for the period plus
non-recurring expenses and tax effect on non-recurring expenses,
attributable to the owners of the parent, divided by the number of
ordinary shares.
Adjusted EBITDA: EBITDA plus non-recurring income and expenses
excluding non-recurring depreciation and amortization.
Adjusted Free Cash Flow: Adjusted EBITDA less capital expenditure,
change in working capital and cash taxes paid.
Adjusted Net Profit: Net profit excluding non-recurring expenses and
non-recurring tax expenses.
Diluted adjusted basic earnings per share: In accordance with IAS
33, diluted adjusted basic earnings per share amounts have to be
calculated by dividing adjusted basic earnings (after adjusting for the
effects of all dilutive potential ordinary shares) by the weighted average
number of ordinary shares outstanding during the year, plus the
weighted average number of ordinary shares that would be issued
on conversion of all the dilutive potential ordinary shares into ordinary
shares.
Leverage: Net financial debt divided by last twelve months Adjusted
EBITDA.
Like for like (LFL) revenue: revenue at constant currency excluding
change in perimeter or M&A.
Net debt: sum of all short and long-term interest bearing debts and
by deducting cash and cash equivalents.
Working capital: the components of our working capital are
Inventories plus Trade and other receivables and pre-paid expenses
plus Trade and other payables and accrued expenses.
104
Ontex Annual Review 2014
Designed and produced by
Printed by CPI Colour
This Report is printed on material derived from sustainable
sources, and printed using vegetable based inks. Both the
manufacturing paper mill and printer are registered to the
Environmental Management System ISO 14001 and are Forest
Stewardship Council® (FSC) chain-of-custody certified. CPI Colour
is also a Carbon Neutral Printing Company and reduces its CO2
omissions to net zero in accordance with The CarbonNeutral
Protocol. This carbon offsetting supports the Uchindile Mapanda
reforestation programme in Tanzania, an environmental project to
establish commercial forests at two locations in Africa.
This Report is recyclable and Bio-degradable. If you have finished
with this document and no longer wish to retain it, please pass it
on to other interested readers or dispose of it in your recycled
paper waste.