Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q2 2019 Earnings Presentation
13 slides from Waberer's International Nyrt's earnings presentation, Aug 8, 2019
Slide 1: Q2 2019 Results Presentation
Q2 2019 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 8 August 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 | Market Update and Progress of Transformation | Group Finances |3
Slide 4: One-offs: End-March Brexit Date and Issues During the Replacement of Key IT System
One-offs: End-March Brexit Date and Issues During the Replacement of Key IT System Had Significant Effects on Q2 Results Goods trade between EU-27 and UK (Seasonally and working day adjusted volume indices, January 2018 = 100) (1) 110 Q1 April 105 100 95 90 Export 87 84 Import 0 01/18 02/18 03/18 04
Slide 5: Update on Transformation Measures
Update on Transformation Measures Progress on short-term measures Fleet reduction Headcount reduction Procurement savings and portfolio optimization and CAPEX • 360 trucks deactivated and 300 more • 160 headcount reduction in HQ • Transit fees savings as planned YTD to stop until the end of the year
Slide 6: Sales and planning actions address opportunities across the entire driver journey to improve utilization
Sales and planning actions address opportunities across the entire driver journey to improve utilization Sales and planning actions address opportunities across the entire driver journey • Actual • Actual loading/unloading time loading/unloading time • Increase trailer pool Arrive at Loading Arrive
Slide 7: Agenda
Agenda | Market Update and Progress of Transformation | Group Finances |7
Slide 8: Group Results
Group Results Group Revenue and Recurring EBITDA Group revenue decreased by 6% in Q2 2019 reflecting (IFRS 16 (1), EUR mn) volume and price volatility in the European transportation market due to end-March Brexit date -6% -41% 185 20.3 issues regarding new TMS implementation 173 Recurring EB
Slide 9: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn unless otherwise stated) 2019 2018 Better/worse Better/worse Q2 Q2 EUR mn percent Revenue 172.7 184.5 (11.8) (6.4%) Direct Costs(2) (146.8) (149.5) 2.7 1.8% Gross profit 25.9 35.0 (9.1) (26.1%) OPEX(2) (14.0) (15.0) 0.9 6.1%
Slide 10: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Group selected balance sheet items (IFRS 16 (1), EUR mn unless otherwise stated) 30 June 2019 31 Dec. 2018 30 June 2018 Total Non-current Assets 537 494 498 Total Current Assets 232 231 243 Total Assets 769 725 741 Total Shareholder's Equity 143 145 167 Total Liabilities
Slide 11: Summary and Outlook
Summary and Outlook • Revenue in the first half of 2019 decreased by 2% compared to last year driven by reduced trucking capacities and disruption of trade flows in Europe due to Brexit uncertainty • EBITDA was 31% lower than the same period last year driven by lower top-line, Brexit impact and issu
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
Slide 13: Appendix: IFRS 16 impact
Appendix: IFRS 16 impact IFRS 16 impact on 30 June 2019 balance sheet IFRS 16 impact on Q2 2019 income statement Income Income Balance Balance statement statement sheet sheet IFRS 16 before reported items IFRS 16 items impact IFRS 16 according before impact reported adjustment to IFRS 16 IFRS 16 acc
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