Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q1 2019 Earnings Presentation
12 slides from Waberer's International Nyrt's earnings presentation, May 9, 2019
Slide 1: Q1 2019 Results Presentation
Q1 2019 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 9 May 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: Margin Pressure Remains with Utilisation Unchanged from Q4
Margin Pressure Remains with Utilisation Unchanged from Q4 Evolution of the prices of key cost items Price increases continued to be successful (index, 2017 average=100) (1) (Average prices for the ITS segment; index, 2017 average=100) (2) 120 +7% 110 +6% ITS 115 108 +5% Average wages 106 110 Fuel p
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 Goal is to boost profitability by selecting Goal is identify and reduce all expenses Goal is to reduce direct cost in the the best part of th
Slide 6: Agenda
Agenda | Market Update and Progress of Transformation | Group Finances |6
Slide 7: IFRS 16 impact
IFRS 16 impact IFRS 16 impact on Q1 2019 income statement IFRS 16 impact on 31 March 2019 balance sheet Balance Balance Income Income sheet sheet statement statement IFRS 16 items IFRS 16 items before reported impact before impact reported IFRS 16 according IFRS 16 according adjustment to IFRS 16 ad
Slide 8: Group Results
Group Results Group Revenue and Recurring EBITDA Group revenue grew Q1 2019 as a result of higher prices in (IFRS 16 (1), EUR mn) international, volume additions in regional segment and third party insurance +2% -24% Decreasing recurring EBITDA reflects volatile volumes 179 182 19.9 Internatio
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 Q1 Q1 EUR mn percent Revenue 182.2 178.9 3.3 1.8% Direct Costs(2) (152.3) (147.7) (4.7) (3.2%) Gross profit 29.8 31.2 (1.4) (4.4%) OPEX(2) (12.1) (11.8) (0.3) (2.8
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) 31 March 2019 31 Dec. 2018 31 March 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 Liabilitie
Slide 11: Summary and Outlook
Summary and Outlook • Q1 results in line with management expectations • Current trading still impacted by macro headwinds • Contract flow positive • Turnaround expected to be seen in H2 2019 | 11
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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