Nemetschek Se · XETR:NEM
Nemetschek — Q3 2024 Earnings Presentation
19 slides from Nemetschek's earnings presentation, Nov 7, 2024
Slide 1: Earnings Call Q3- / 9M-24
Earnings Call Q3- / 9M-24 Nemetschek Group November 07, 2024
Slide 2: Key Messages
1. Q3- / 9M-24: Continued strong growth with a high profitability in Q3. As expected, Design growth was impacted by high comparison base and subscription transition while Build started to accelerate growth. Strong operational development in first nine months in line with plans. 2. GoCanvas: Successf
Slide 3: Financial Highlights Q3-24
01 Financial Highlights Q3-24 03 Nemetschek Group | Earnings Call Q3- / 9M-24
Slide 4: Q3-24: Strong Profitable Growth in a Continued Challenging Environment
Q3-24: Strong Profitable Growth in a Continued Challenging Environment ARR Revenues EBITDA EPS EURm EURm EURm EUR +33.0% +15.1% +6.7% +33.7% cc1 -12.8% +15.8% cc +7.5% cc 883,3 253,0 664,0 219,8 71,4 76,2 0,39 0,34 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 • ARR organic2 growth: +25.2% y/y • R
Slide 5: Update on GoCanvas Acquisition
Update on GoCanvas Acquisition Next Steps Go-to-Market - Start of training and collaboration of GoCanvas & Bluebeam Status Quo as of Q3-24 sales teams - Prepare international expansion of GoCanvas outside of North Integration and operational performance of GoCanvas progressing America as planned - D
Slide 6: Overview Financial Results 9M-24
03 Overview Financial Results 9M-24 06 Nemetschek Group | Earnings Call Q3- / 9M-24
Slide 7: Key Financial Highlights 9M-24: Successful First Nine Month of the Year
Key Financial Highlights 9M-24: Successful First Nine Month of the Year Revenues: EBITDA: +11.5% to EUR 704.7m +9.2% to EUR 205.9m Cash Conversion: (+12.0% cc1) (+8.0% cc) 100.0% Organic Growth2: +9.3% Organic Growth: +9.7% (+9.8% cc) ARR Growth: EBITDA Margin: 29.2% +33.0% to EUR 883.3m Net Debt Po
Slide 8: Segments 9M-24: Design and Build Segments remain Main Growth Drivers
Segments 9M-24: Design and Build Segments remain Main Growth Drivers DESIGN* BUILD MEDIA MANAGE* Revenues +8.1% +18.3% +7.9% +1.9% EURm +8.8% cc1 +18.6% cc +8.6% cc +1.9% cc 343.7 238.4 317.9 201.5 82.2 88.6 36.0 36.7 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 Margin 26.8% 27.9% 35.9% 32.2% 37.
Slide 9: Recurring Revenues: Successful Transition leads to New Record High of 86%
Recurring Revenues: Successful Transition leads to New Record High of 86% Revenue Share Recurring & Subscription/SaaS 2020-2024 Overview Q3-24: by type in % • +33.0% • +33.7% cc1 6063 ARR y/y (+29%) • +25.2% organic2 600 • +25.8% organic2 cc1 473 500 (+24%) 387 3813 • +33.0% 400 (+22%) (+83%) Recurr
Slide 10: At a Glance: Income Statement and Important KPIs
At a Glance: Income Statement and Important KPIs Key Figures mEUR 9M-241 In % of revenue 9M-23 Growth y/y Revenues 704.7 100% 632.0 +11.5% Cost of goods and services -29.9 4.2% -25.0 +20.0% Personnel expenses -293.8 41.7% -271.2 +8.3% Other operating income/expenses -175.0 24.8% -147.3 +18.8% EBITDA
Slide 11: Outlook
04 Outlook 11 Nemetschek Group | Earnings Call Q3- / 9M-24
Slide 12: Guidance 2024: Organic and Expanded Guidance fully confirmed
Guidance 2024: Organic and Expanded (incl. GoCanvas) Guidance fully confirmed Starting Point Confirmed Organic Guidance Expanded Guidance (incl. GoCanvas) 2023 2024 2024 ARR: ARR Growth: ARR Growth: EUR 718.6m ~ 25% > 30% Revenue Growth: Revenue Growth Impact on Organic Guidance: Revenue: 10% - 11%
Slide 13: Appendix
05 Appendix 13 Nemetschek Group | Earnings Call Q2- / H1-24
Slide 14: Income Statement
Income Statement €m 9M 2024 9M 2023 Y/Y% Revenues 704.7 632.0 +11.5% Other income 7.7 6.4 +18.9% Operating income 712.3 638.4 +11.6% Cost of goods and services -29.9 -25.0 +20.0% Personnel expenses -293.8 -271.2 +8.3% Other expenses -182.7 -271.2 +18.8% Operating expenses -506.4 -449.9 +12.6% EBITDA
Slide 15: Balance Sheet – Assets
Balance Sheet – Assets €m September 30, 2024 December 31, 2023 Assets Cash and cash equivalents 262.4 268.0 Trade receivables, net 135.1 99.6 Inventories 1.1 1.0 Other current assets 67.5 49.6 Current assets, total 466.1 418.2 Property, plant and equipment 22.5 23.7 Right-of-use assets 52.2 60.9 Int
Slide 16: Balance Sheet – Equity and Liabilities
Balance Sheet – Equity and Liabilities €m September 30, 2024 December 31, 2023 Equity and liabilities Short-term borrowings and current portion of long-term loans 631.9 6.8 Trade payables 16.5 15.3 Provisions and accrued liabilities 71.5 65.7 Deferred revenue 355.6 265.1 Current lease liability 15.2
Slide 17: Cash Flow Statement
Cash Flow Statement €m 9M 2024 9M 2023 Y/Y% Cash and cash equivalents at the beginning of the period 268.0 196.8 +36.2% Cash flow from operating activities 205.9 186.9 +10.2% Cash flow from investing activities -691.5 -23.3 ->100% t/o CapEX -9.2 -8.9 t/o Cash paid for acquisition of equity investmen
Slide 18: Shape the World
SHAPE THE WORLD NEMETSCHEK SE Investor Relations Konrad-Zuse-Platz 1 81829 Munich Germany investorrelations@nemetschek.com www.nemetschek.com NEMETSCHEK SE Konrad-Zuse-Platz 1 | 81829 München | Tel. (089) 540459-0 | www.nemetschek.com
Slide 19: Disclaimer
Disclaimer This presentation contains forward-looking statements based on the beliefs of Nemetschek SE management. Such statements reflect current views of Nemetschek SE with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from thos