WashTec AG · XETR:WSU
WashTec — H1 2015 Earnings Presentation
10 slides from WashTec's earnings presentation, Aug 5, 2015
Slide 1: WashTec AG H1 2015 Report Conference Call
WASHTEC AG H1 2015 Report Conference Call WashTec AG H1 2015 Report, Conference Call August 05, 2015 .
Slide 2: H1 2015: Strongest H1 in WashTec's history
H1 2015: Facts & Figures Strongest H1 in WashTec‘s history Revenues (in €m): + 13,2% incl. FX EBIT (in €m): more than doubled Net Cash Flow (in €m) 160.6 13.8 12.9 141.9 139.9 7.7 7.3 5.9 2.8 2013 2014 2015 2013 2014 2015 2013 2014 2015 Continuous positive messages to capital market 2 WashTec AG H1
Slide 3: Revenues and earnings improved in all segments
H1 2015: Facts & Figures Revenues and earnings improved in all segments Revenues total (H1) Revenues by segment (H1) in €m in €m 160.6 Core Europe North America Eastern Europe Asia/Pacific 141.9 +18.7 128.4 +10.7 117.7 +6.4 27.2 20.8 + 2.2 7.3 + 0.6 5.3 5.1 4.7 H1/2014 H1/2015 H1/2014 H1/2015 H1/201
Slide 4: Higher revenues combined with moderate cost increase lead to significantly improved EBIT and EPS
Higher revenues combined with moderate cost increase lead to H1 2015: Facts & Figures significantly improved EBIT and EPS H1 2015 H1 2014 Revenues 160.6 141.9 Gross margin 96.7 (60.2%) 86.3 (60.8%) Personnel expenses (55.6) [34.6%] (54.6) [38.5%] Other operating expenses (25.3) [15.8 %] (22.5) [15.5
Slide 5: Still very solid balance sheet structure despite reduced equity
H1 2015: Facts & Figures Still very solid balance sheet structure despite reduced equity June 30, 2015 Dec 31, 2014 Balance sheet total 187.6 185.8 Goodwill 42.3 42.3 Equity 77.3 90.9 Net finance debt 3.8 -9.8 Net current assets 70.2 71.2 H1, 2015 H1, 2014 Net cash flow 12.9 7.3 Cash outflow investm
Slide 6: Positive outlook 2015 confirmed
H1 2015: Facts & Figures Positive outlook 2015 confirmed WashTec Group: significant increase in revenues and earnings - revenues increase of more than 5 %, adjusted for currency effects - half-year EBIT ratio of 8.6% confirmed for fy 2015 - Stronger Q3 2015 expected compared to €74,2m in 2014 - Q4 i
Slide 7: WashTec was positively mentioned in many publications in the last 6 months
H1 2015: Facts & Figures WashTec was positively mentioned in many publications in the last 6 months Share performance Analyst Coverage Analyst Recommen- Target Price (+ Date) dation (€) Hauck & Aufhäuser Hold 20.00 (06/15) HSBC (06/15) Buy 22.00 WashTec MM Warburg (06/15) Buy 22.70 SDAX Trade Volume
Slide 8: What makes WashTec different?
H1 2015: Facts & Figures What makes WashTec different? • Easy to understand business model • Only stock listed carwash provider • > 2* bigger than next competitor • Largest installed machine base • High share of recurring revenues • Solid balance sheet structures • Attractive dividend policy • Furth
Slide 9: Financial calendar
Backup Financial calendar August 5, 2015 H1/15 Report September 22-24, 2015 Baader Bank October 30, 2015 3Q/15 Report November 23 -25, 2015 Equity Forum 9 WashTec AG H1 2015 Report, Conference Call August 05, 2015
Slide 10: Disclaimer
No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever