Nemetschek Se · XETR:NEM

Nemetschek — Investor Presentation (July 2014)

33 slides from Nemetschek's investor presentation, July 2014

  1. Slide 1: Nemetschek Group – Company Presentation

    Nemetschek Group – Company Presentation July 2014

  2. Slide 2: Agenda

    Agenda Nemetschek Group: In brief Strategy Internationalization Industry mega trends Innovations Financial data Q1 2014 Nemetschek share Why invest? 2

  3. Slide 3: A success story of more than 50 years

    A success story of more than 50 years 1963 Company founded by Prof. Georg Nemetschek 1968 First use of computers in the building industry 1980 Nemetschek publishes first Computer Aided Engineering Software 1983 Start of internationalization (Austria, Switzerland) 1984 Release of CAD Software „Allpla

  4. Slide 4: Unique DNA

    Unique DNA Positioning Nemetschek Group with 12 strong brands Software solutions, innovations and BIM for the AECM industry (Architecture, Engineering, Construction, Management) More than 1.2 million users Globally present with more than 40 locations in 142 countries Mission & Vision Our claim: Inno

  5. Slide 5: What makes us so special

    What makes us so special Design Build Manage Multimedia Graphisoft Vectorworks Auer Crem Maxon Brands Scia Frilo Bausoftware DDS Glaser Allplan, bim+ FY 2013 149.5 mEUR 15.4 mEUR 5.0 mEUR 16.0 mEUR Revenues EBITDA margin 22.1% 36.0% 22.5% 40.7% Nemetschek covers complete value chain in AECM + Multim

  6. Slide 6: Agenda

    Agenda Nemetschek Group: In brief Strategy Internationalization Industry mega trends Innovations Financial data Q1 2014 Nemetschek share Why invest? 6

  7. Slide 7: Challenges of the AECM industry

    Challenges of the AECM industry Time and costs are the critical parameters in the building process, e.g. Airport Berlin, Plan: 2012 completion, 1.7bn EUR, Status: 2017 completion, 5.7bn EUR Further projects: Elbphilharmonie, San Francisco Bay Bridge, Soccer Industry in transition stadium Berlin and

  8. Slide 8: What drives our growth

    What drives our growth Internationalization Technology trends Innovations  The Americas  BIM  Processes  Asia  Web  Data management  Northern Europe  Cloud  Usability  Eastern Europe  Collaboration  Content  Mobile  Apps  … Major growth markets Strategic areas Focus on customers Growt

  9. Slide 9: International revenue split

    International revenue split Revenues 2009: 135.6m EUR Revenues 2013: 185.9m EUR Asia/Pacific RoW RoW Asia/Pacific 5% 1% 1% 9% Americas 6% Americas 11% Germany Germany 44% 40% 4 years Europe w/o Germany Europe w/o 44% Germany 39% DACH: Market leading position, solid base, increasing revenues Market p

  10. Slide 10: Internationalization: Regions on the agenda

    Internationalization: Regions on the agenda Strengthening our position in the Americas, Asia, Northern and Eastern Europe Markets with strong growth prospects and increasing demand Leverage via co-operations, acquisitions and early-stage occupation 10

  11. Slide 11: AECM industry in transition

    AECM industry in transition  2D drawings  3D drawings  5D end-to-end  Slow internet  Technologische Fast internet Trends solution  Poor hardware  Powerful hardware  Smart/Mobile/Apps  BIM  Collaboration along the value chain  Cloud computing since 1985 Today Tomorrow 11

  12. Slide 12: Open BIM is one of the growth drivers for AECM

    Open BIM is one of the growth drivers for AECM Open BIM 12

  13. Slide 13: Nemetschek Group focus on Open BIM

    Nemetschek Group focus on Open BIM Open BIM Innovations along the value chain Focus on customer needs 13

  14. Slide 14: Agenda

    Agenda Nemetschek Group: In brief Strategy Financial data Q1 2014 Nemetschek share Why invest? 14

  15. Slide 15: Revenue increased in Q1 2014

    Revenue increased in Q1 2014 in mEUR +16.7% 51,7 51,0 44,8 45,8 43,7 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Successful start in the fiscal year 2014 Q1 2014 revenues increased by 16.7% to 51.0 mEUR 15

  16. Slide 16: Well-balanced growth of licenses and services

    Well-balanced growth of licenses and services % of revenues Service & Software licenses: Hardware Up by 18.7% to 24.3 mEUR: 5.7% New customers wins and increasing customer base Software services 46.6% Software services: Software licenses Up by 14.3% to 23.8 mEUR: 47.7% Recurring revenues secure stab

  17. Slide 17: EBITDA increased stronger than revenues

    EBITDA increased stronger than revenues in mEUR +22.3% 14,5 13,2 11,4 10,8 9,6 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 24.6% 21.5% 25.0% 28.0% 25.8% EBITDA up by 22.3% to 13.2 mEUR EBITDA margin at 25.8% 17

  18. Slide 18: Net income and EPS up by 37.2% yoy

    Net income and EPS up by 37.2% yoy Net income in mEUR EPS in EUR +37.2% 7,5 5,5 +37.2% 0,78 0,57 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Net income w/o PPA up by 22.2% to 8.4 mEUR EPS w/o PPA at 0.87 EUR 18

  19. Slide 19: Segment overview

    Segment overview in mEUR Design Build Manage Multimedia +20.6% Revenues 41,9 34,7 -1.7% +0.7% 4,1 4,1 3,8 3,9 +16.1% 1,0 1,2 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Q1 2013 Q1 2014 EBITDA 21.1% 24.6% 32.1% 22.8% 19.5% 17.0% 48.3% 44.2% Margin Vectorworks and Graphisoft Stable development Con

  20. Slide 20: Net cash development

    Net cash development Operating cash flow Increased by 46.7% yoy to 20.1 mEUR CapEx 0.8 mEUR as expected End of activation period of own worked capitalized Net cash 67.0 mEUR (+38.0% compared to year-end 2013) 80,0 70,0 -- 0,7 Q1 Q1 % mEUR 2014 2013 YoY 60,0 19,1 50,0 EBITDA 13.2 10.8 +22.3% 40,0 Ope

  21. Slide 21: Agenda

    Agenda Nemetschek Group: In brief Strategy Financial data Q1 2014 Nemetschek share Why invest? 21

  22. Slide 22: Stable shareholder structure

    Stable shareholder structure Founded: in 1963 IPO: March 10, 1999 5.2% Number of shares: 9,625,000 Frankfurt Stock Exchange, Prime Standard Bloomberg: NEM GY, Reuters: NEKG.DE Shares Nemetschek family: 53.57% 46.4% Freefloat: 46.43 percent 48.4% Current MarketCap: ~ 650 mEUR Current TecDAX Ranking:

  23. Slide 23: Dividend payment of 1.30 EUR

    Dividend payment of 1.30 EUR Dividend per share in EUR 1,40 1,20 1,30 Dividend increased by 13% to 1.30 EUR 1,15 1,15 per share 1,00 1,00 In total 12.5 mEUR was paid out to the 0,80 shareholders in May 2014 Since 2009, we paid 49m EUR in total in the 0,60 last 5 years 0,40 0,50 0,20 0,00 2009 2010 2

  24. Slide 24: Share price increase and higher visibility through TecDAX

    Share price increase and higher visibility through TecDAX 70 65 60 55 50 45 01.01.2014 01.02.2014 01.03.2014 01.04.2014 01.05.2014 01.06.2014 01.07.2014 Nemetschek TecDAX DAX Time Nemetschek TecDAX DAX Year 2012 +29% +18% +25% Year 2013 +52% +38% +23% YTD 2014 +39% +14% +7% 24

  25. Slide 25: Agenda

    Agenda Nemetschek Group: In brief Strategy Financial data Q1 2014 Nemetschek share Why invest? 25

  26. Slide 26: Investment highlights

    Investment highlights Strategic market • Clear focus on AECM market positioning • Leading in Open BIM solutions • Strong global brands • Focus on customer needs • Very good reputation at renowned customers Healthy financial • High margin business • Strong cash generation • Healthy balance sheet Grow

  27. Slide 27: Optimistic outlook 2014

    Optimistic outlook 2014 Market conditions • Sound macroeconomic indicators • Robust development of construction markets • Strong growth expected for BIM products and solutions Long-term • AECM industry is changing growth factors • Trends such as BIM, collaboration, cloud, mobile, web drive the marke

  28. Slide 28: IR calendar 2014 and contact

    IR calendar 2014 and contact 31/07/2014 Publication Q2 2014 30/10/2014 Publication Q3 2014 Contact: Stefanie Zimmermann Investor Relations +49 89 92793 1229 szimmermann@nemetschek.com 28

  29. Slide 29: P+L statement – Q1 comparison

    P+L statement – Q1 comparison mEUR Q1 2014 Q1 2013 % YoY Revenues 51.0 43.7 16.7% Own work capitalized/ Other operating income 1.0 1.3 -27.5% Operating income 51.9 45.0 +15.4% Cost of materials/ purchased services -2.0 -2.1 -4.1% Personnel expenses -22.0 -19.2 +14.5% Other operating expenses -14.8 -

  30. Slide 30: Balance sheet – Assets

    Balance sheet – Assets mEUR March 31, 2014 Dec 31, 2013 Assets Cash and cash equivalents 67.0 48.6 Trade receivables, net 25.5 21.9 Other current assets 10.1 9.2 Total current assets 102.7 79.6 Property, plant and equipment 5.3 5.3 Intangible assets 29.0 30.9 Goodwill 59.7 60.1 Other non-current ass

  31. Slide 31: Balance sheet – Equity and liabilities

    Balance sheet – Equity and liabilities mEUR March 31, 2014 Dec 31, 2013 Equity and liabilities Trade payables & accrued liabilities 17.5 20.1 Deferred revenue 39.2 23.5 Other current liabilities 12.5 10.4 Total current liabilities 69.2 54.0 Deferred tax liabilities 4.3 4.1 Other non-current liabilit

  32. Slide 32: Cash flow statement – Q1 comparison

    Cash flow statement – Q1 comparison mEUR March 31, 2014 March 31, 2013 % YoY Cash at beginning of period 48.6 44.3 +9.6% Operating cash flow 20.1 13.7 +46.7% Investing cash flow -1.0 -1.3 t/o CapEx -0.8 -1.4 Financing cash flow -0.4 -0,4 -0.8% FX-effects -0.3 -0,2 Cash at end of period 67.0 56.0 +19

  33. Slide 33: Disclaimer

    Disclaimer This presentation contains forward-looking statements based on the beliefs of Nemetschek AG management. Such statements reflect current views of Nemetschek AG with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from thos

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