Also Holding Ag · SIX:ALSN
Also — H1 2020 Earnings Presentation
15 slides from Also's earnings presentation, Jul 23, 2020
Slide 1: Results H1/2020
RESULTS H1/2020 Media- and Investor Presentation 23.07.2020
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer to sell or a solicitation of offers to purchase or subscribe for shares of ALSO Holding AG (the "Company"), nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment d
Slide 3: Market Challenges During Corona
MARKET CHALLENGES DURING CORONA Disruption of Change of Very strong economic speed & fluctuations systems intensity NEW Spread of COVID-19 NORMAL Flat hierarchies – responsive analytics Robust, platform-based business models – diversified ecosystem Shift Remote Supply models work Support Expert Chai
Slide 4: Results H1 2020 (in Mio Euro)
RESULTS H1 2020 (IN MIO EURO) H1 2020 H1 2019 CHANGE (in %) Net Sales 5 397.6 4 770.8 +13.1 Supply 4 293.7 3 723.0 +15.3 Solutions 867.2 847.9 +2.3 Service 236.7 199.9 +18.4 EBITDA 92.4 76.3 +21.1 Net Profit Group 44.8 34.0 +31.9 Cash 359.4 185.5 +87.6 Net financial debt* -0.5 219.8 -100.0 * without
Slide 5: Changes Revenue, Changes EBITDA
CHANGES REVENUE CHANGES EBITDA EBITDA Revenue 100 95 1 92 15 419 5398 90 85 208 4771 80 76 75 H1 2019 Organic Acquisitions H1 2020 70 H1 2019 Organic Acquisitions H1 2020 in Mio. EURO Results H1/2020 5
Slide 6: Capital Optimization: Changes Cash 06/2020 against 06/2019
CAPITAL OPTIMIZATION: CHANGES CASH* 06/2020 AGAINST 06/2019 216,4 -60,3 359.4 2,7 40,6 7,0 -143,6 111,1 185,5 Cash at 30.6.2019 Net profit Depr. and amortiz. Other non-cash items Change in NWC Investing activities Financing activities Exchange differences Cash at 30.6.2020 * in Mio. EURO based on Ca
Slide 7: Structural Optimization
STRUCTURAL OPTIMIZATION Structural Optimization H1 2017 – H1 2020 (in Mio Euro) 140 120 10,7 119,2 111,1 18,8 100 87,4 2,3 80 -23,7 60 40 20 0 Savings structural optimization Restructuring Cost 2020 Investements Personnel Personnel costcost H1 2017 Savings structural Subtotal Subtotal Restructuring
Slide 8: Development of the ACMP
DEVELOPMENT OF THE ACMP Revenue in million euros Paid seats in million 160 6,0 140 140 4.8 5,0 120 97 4,0 100 2.9 80 3,0 60 2,0 40 1,0 20 0 0,0 H1 2019 H1 2020 H1 2019 H1 2020 Free seats Paid seats 7.1 4.8 Managed seats 19 million Trial seats 7.1 Results H1/2020 27 July 2020 8
Slide 9: The ALSO Eco System
THE ALSO ECO SYSTEM (Figures Rounded) Providers Buyers Transactions p. a. 18 million Number of Product Categories and Subcategories 1 300 SKUs at ALSO 255 000 Computing Retailers Server, Storage, Networking Etailers Components and Accessoires SMB Resellers Consumables End customers Corporate Reselle
Slide 10: Growth Driver Digital Platforms
GROWTH DRIVER DIGITAL PLATFORMS Streaming Webshop Internet of Things ... Cyber- security Cloud ... High scalability Great technological expansion potential Results H1/2020 27 July 2020 10
Slide 11: ALSO's Strategic Development
ALSO’S STRATEGIC DEVELOPMENT MAINTAIN • Ecosystem • Organization • Culture OPTIMIZE • Solutions • Service / Digital Platforms • Market share REINVENT • Digital platforms • Virtual business M • Verticals O ENHANCE • Ecosystem R • Digital Platforms E • Vertical Expertise Results H1/2020 27/07/2020 11
Slide 12: On the Way to the New Normal
ON THE WAY TO THE NEW NORMAL IT- ALSO NEW NORMAL EFFECT REQUIREMENTS NEW NORMAL BI powered Efficiency & Cost Data driven Inside Expertise Innovation driven Flexibility Remote New Applications Platform enabled Scalability Agile Digital Platforms Ecosystem centric Balance Connected Financial strength
Slide 13: Targets
TARGETS 2020+ Target 2020: Target Midterm: EBITDA EBITDA 210–220 EURO Mio 250–310 EURO Mio ROCE ROCE 13–15 % 13–15 % Results H1/2020 27 July 2020 13
Slide 14: Questions
QUESTIONS Answers
Slide 15: Thank You
THANK YOU = _