Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q4 2018 Earnings Presentation
12 slides from Waberer's International Nyrt's earnings presentation, Mar 20, 2019
Slide 1: Q4 2018 Results Presentation
Q4 2018 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 20 March 2019
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefor
Slide 3: Agenda
Agenda | 2018 Market Challenges and Waberer’s Performance | Future Plans |3
Slide 4: Cost Inflation Posed a Significant Challenge to the Industry
Cost Inflation Posed a Significant Challenge to the Industry Fuel Prices (index, 2017 average=100) (1) Average wages (index, 2017 average=100) (2) 120 130 +9% RCL +15% RCL 125 115 +11% EU market +9% ITS 120 +11% HU market 110 +7% HU market 115 +9% ITS 105 110 2018Q1 2018Q2 2018Q3 2018Q4 2018Q1 2018Q
Slide 5: Slowdown Impacting Evolution of Market Prices and Overcapacities
Slowdown Impacting Evolution of Market Prices and Overcapacities Transportation price (% change on a year earlier) (1) Eurozone indicators (% change on a year earlier) (2) 10 4 3 5 +5% ITS 2 +1.5% Retail trade 0 1 +1.8% GDP 0 -5 +3% EU market Industrial -1 +1.1% production -10 -2 Q1 2018 Q2 2018 Q3
Slide 6: Group Performance Impacted by Market Slowdown
Group Performance Impacted by Market Slowdown Revenue and Recurring EBITDA (FY figures, EUR mn) Group revenue increased in FY and Q4 2018 as a +9% -25% result of price increases to remain under pressure 732 86 Decreasing recurring EBITDA margin reflects volume 674 7 51 57 64 OTH effects of the E
Slide 7: Income statement
Income statement Group selected income statement items (unaudited IFRS, EUR mn unless otherwise stated) 2017 2018 Nominal change % change Q4 FY Q4 FY Q4 FY Q4 FY Revenue 178.9 674.4 185.9 731.9 7.0 57.5 3.9% 8.5% Direct Costs (142.4) (533.8) (157.3) (610.2) (14.9) (76.4) (10.4%) (14.3%) Gross profit
Slide 8: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Group selected balance sheet items (unaudited IFRS, EUR mn unless otherwise stated) Dec 31, 2017 Dec 31, 2018 Total Non-current Assets 453 494 Total Current Assets 229 231 Total Assets 681 725 Total Shareholder's Equity 175 145 Total Liabilities 506 580 Total Equity and L
Slide 9: Agenda
Agenda | 2018 Market Challenges and Waberer’s Performance | Future Plans |9
Slide 10: Short-term Efficiency Measures Already Initiated to Improve Profitability
Short-term Efficiency Measures Already Initiated to Improve Profitability Efficiency measures implemented in Q1 2019 Fleet reduction Headcount reduction Procurement savings and portfolio optimization and CAPEX Goal is to boost profitability by selecting Goal is identify and reduce all expenses Goal
Slide 11: Transformation of the Business Model
Transformation of the Business Model We are working on a new Business Model for the company that uses its strengths and makes it more competitive for the future Waberer’s has strong fundamentals Waberer’s needs to develop • One of the largest standardized fleets in Europe • Stronger customer Focus •
Slide 12: WABERER'S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351.
WABERER’S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351. Tel: +36 1 421 6300 E-mail: investor.relations@waberers.com
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