Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Investor Presentation (April 2019)
19 slides from Waberer's International Nyrt's investor presentation, April 2019
Slide 1: Investor Presentation
Investor Presentation WABERER’S INTERNATIONAL Nyrt. | April 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 | Financial Statements Highlights | Appendix |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: Agenda
Agenda | 2018 Market Challenges and Waberer’s Performance | Future Plans | Financial Statements Highlights | Appendix |7
Slide 8: 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 9: 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 10: Agenda
Agenda | 2018 Market Challenges and Waberer’s Performance | Future Plans | Financial Statements Highlights | Appendix |10
Slide 11: 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 12: 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 13: Agenda
Agenda | 2018 Market Challenges and Waberer’s Performance | Future Plans | Financial Statements Highlights | Appendix |13
Slide 14: At a Glance – Waberer's Long-term Growth Story
At a Glance – Waberer’s Long-term Growth Story Where we come from 4,450(1) 175 2002(8) 2017 | 1948 | 1994 | 2002 | 2006 | 2011 | 2013 | 2016 | 2016 | 2017 Creation Acquisition of Acquisition of Acquisition Initial MEP Acquisition of Acquisition MEP acquired Acquisition of the Volán Tefu in a Hungaro
Slide 15: Resilient Business Model
Resilient Business Model Industry-Leading Production Costs Flexible Asset Cycle | Fleet Cycle Trucks are handed High fuel efficiency Avg. # of Trucks 3 785 back after 4-5 years 3 604 181 of use Optimised procurement of trucks 694 694 Continuous fleet renewal programme Standardised in-house maint
Slide 16: Diversified, Blue-Chip Customer Base
Diversified, Blue-Chip Customer Base FF Client Base Effectively Addresses Seasonality Well Diversified Across Industry Verticals | Customers by Type | Customer Industries (2017, % of Subcontractor Revenues) (2017, % of ITS Revenues) Paper & Chemicals Freight Forwarder 6% Automotive 19% Non-classifie
Slide 17: Capital Market Overview
Capital Market Overview IPO Allocation Structure Shareholder Structure(1) Domestic institutional investors EUR 50 mn EUR 15 mn 7% Primary Allocated to 1% 14% Foreign institutional investors issuance retail investors (new shares) Retail investors and employees EUR 80 mn 6% CEE Transport Holdco S. à r
Slide 18: Industry Recognised and Highly Regarded Board of Directors
Industry Recognised and Highly Regarded Board of Directors Gerard van Kesteren Robert Ziegler Chairman of the Board Appointed Board Member Board member since 2016, Chairman since August 2018 Board membership to be finalised by AGM in April 2019 Previously financial controller and CFO at Kühne
Slide 19: 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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