Waberer's International Nyrt. · BET:WABERERS

Waberer's International Nyrt — Q4 2020 Earnings Presentation

14 slides from Waberer's International Nyrt's earnings presentation, Mar 19, 2021

  1. Slide 1: Q4 2020 Results Presentation

    Q4 2020 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 19 March 2021

  2. 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

  3. Slide 3: Agenda

    Agenda | Results of Turnaround, status of Trade Lane model at ITS, finalisation of new ownership structure and sign of long term financing agreement | Group Finances |3

  4. Slide 4: Key messages

    Key messages I. Successful Company turnaround – Stabilized operational performance & strong cash flow and liquidity position II. Positive annual recurring EBIT & EUR 4 million recurring EBIT improvement in Q4, – Best recurring EBIT since 2017 III. Trade Lane model in ITS stabilized– Finetuning expec

  5. Slide 5: Results of Company turnaround

    Results of Company turnaround Group recurring EBIT (EUR mn) 3,2 3,3 3,5 0,7 1,2 0,1 -0,6 -1,7 -2,7 -2,7 -5,9 -8,6 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Group Cash & Equivalents (EUR mn) 80 76 70 56 58 60 55 50 48 51 50 44 42 42 45 40 35 30 Q1 18 Q2 18 Q3 18 Q4 18 Q1

  6. Slide 6: Stabilized Trade Lane model in ITS segment

    Stabilized Trade Lane model in ITS segment 2020 year end status Tasks for 2021 Expected results Optimization of geographical allocation New ITS Business model Further improvement on of fleet established asset utilisation Increase of Key Customer shares on preferred Trade Lanes Optimal segment level

  7. Slide 7: Finalization of new ownership structure; 5-year agreement signed with financing partners

    Finalization of new ownership structure; 5-year agreement signed with financing partners Long term financing agreement – Signed by participants Participants Major terms • Waberer’s • Secured working capital facilities for 5 (+2) years • 4 Lender institutions • Financing period for trailers extended

  8. Slide 8: Agenda

    Agenda | Results of Turnaround, status of Trade Lane model at ITS, finalisation of new ownership structure and sign of long term financing agreement | Group Finances |8

  9. Slide 9: Group Results

    Group Results Group Revenue (EUR mn) • Group revenue decreased by 18% annually and by 17% in Q4 due to the fleet size optimization at ITS segment • Group recurring EBIT -18% 696 • increased by EUR 13.1 mn in 2020 and reached -17% 569 positive EUR 2.1 mn (highest annual value since 2017) 171,6 143,0

  10. Slide 10: Segment results

    Segment results ITS  Decreasing volumes with improving performance at ITS (EUR mn)  Effect of fleet cut versus 2019  Improving efficiency of Trade Lane model since H2 ’20 -33% +3.4 +2.3  Increasing revenue & outstanding EBIT performance at RCL 493 -4,1  Stable operation with loyal customer base

  11. Slide 11: Income statement

    Income statement Group selected income statement items (IFRS 16 (1), EUR mn) 2020 2019 Better/worse 2020 2019 Better/worse Q4 Q4 (%) Annual Annual (%) Revenue 143.0 171.6 (16.6%) 569.3 696.2 (18.2%) Direct Costs (1) (111.1) (139.4) 20.3% (458.0) (578.9) 20.9% Gross profit (recurring) 32.0 32.1 -0.6%

  12. Slide 12: Group Balance Sheet and Cash Flow

    Group Balance Sheet and Cash Flow Selected balance sheet items (unaudited IFRS, EUR mn) 31 Dec 2020 \\with 31 Dec 2020 31 Dec 2019 bank agreement Total Non-current Assets 324.0 324.0 389.2 Total Current Assets 174.9 174.9 217.3 Total Assets 499.0 499.0 606.5 Total Shareholder's Equity 56.4 56.4 103.

  13. Slide 13: Details of non-recurring items & ITS restructuring costs in 2020 Group P&L

    Details of non-recurring items & ITS restructuring costs in 2020 Group P&L Details of non-recurring items in 2020 (EUR mn) Q4 2020 2020 ITS restructuring related items Other items Direct severance payment & Vehicle R&M cost as Effect on Direct cost 1.9 4.6 preparation for fleet size decrease Advisor

  14. Slide 14: Thank you for your attention!

    Thank you for your attention! 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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