Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q1 2022 Earnings Presentation
16 slides from Waberer's International Nyrt's earnings presentation, May 9, 2022
Slide 1: Q1 2022 Results Presentation
Q1 2022 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 9 May 2022
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 | Performance on Group level, update on effects of geopolitical tensions & Waberer’s answers for labour force challenges | Group & segment level finances & details of bond issuance |3
Slide 4: Key messages
Key messages I. Significant revenue growth (+12%) – Successful price increases to cover cost inflation II. Group EBIT performance on Q1 2021 level (EUR 4.6 mn) in line with management expectations – Turbulent business environment without significant negative effect until now III. Negligible direct a
Slide 5: Trend of financial performance
Trend of financial performance Group recurring EBIT (EUR mn)1 +1% 7.7 8.3 6.6 4.5 4.6 3.5 1.2 0.1 -2.7 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Group net indebtedness & leverage (EUR mn)2 200 187 Net leverage ratio Net indebtedness 8 176 161 150 127 6 123 120 115 122 112 100 4 50 3.2 3.
Slide 6: Update on effects of the geopolitical tension on Waberer's operation
Update on effects of the geopolitical tension on Waberer’s operation effects Direct • Ukraine, Russia & Belarus is not in the focus of Waberer’s Negligible operational strategy (<0.2% of annual revenue) • Difficulties at customers’ supply chain processes an ongoing challenge Indirect effects • Avail
Slide 7: Long-term solution for workforce demand on Group level
Long-term solution for workforce demand on Group level Current situation Mid-term vision (next 5 – 7 years) Long-term vision (5 / 7 + years) 1. Domestic labour markets remain tight – • Automation of operation in 22% fluctuation cannot be replaced by local transportation, warehousing and office colle
Slide 8: Status of fleet change program
Status of fleet change program Volume & timing (Q1 2022 – Q1 2023) Distribution of fleet change* ITS trucks RCL trucks 69 2 080 296 1 040 765 1 157 797 117 243 11 106 Active fleet Renewal Active fleet Renewal Trucks Trailers Others (vans, etc.) Q2 22 - Q1 23 renewal Q1 22 renewal Financing structure
Slide 9: Agenda
Agenda | Performance on Group level, update on effects of geopolitical tensions & Waberer’s answers for labour force challenges | Group & segment level finances & details of bond issuance |9
Slide 10: Group Results
Group Results Group Revenue (EUR mn) • Consolidated revenue • Increased by 12% compared to Q1 21 +12% • EUR 159 million Q122 revenue – Highest value since 159 fleet size optimization in ITS segment in Q1 20 142 • Group recurring EBIT • reached EUR 4.6 mn in Q1 22 – Maintained base period level despi
Slide 11: Segment results
Segment results ITS ▪ Stabel performance & increasing revenue in ITS (EUR mn) ▪ Ability to handle cost side inflation -> 17% revenue increase +17% ▪ Stable EBIT despite turbulent environment -4% 95 81 ▪ Growth both in revenue and EBIT level in RCL segment ▪ EUR 4 million revenue increase ▪ EUR 0.2 m
Slide 12: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn) 2022 2021 Better/(worse) Q1 Q1 (%) Revenue 158.9 142.3 11.6% Direct Costs (1) (131.4) (112.4) (16.9%) Gross profit (recurring) 27.4 29.9 (8.2%) OPEX(1) (11.2) (13.3) 15.9% EBITDA (recurring) 16.3 16.6 (2.1%) D&A (11.7) (12.
Slide 13: Group Balance Sheet and Cash Flow
Group Balance Sheet and Cash Flow Selected balance sheet items (unaudited IFRS, EUR mn) 31 March 2022 31 March 2021 Total Non-current Assets 309.9 321.6 Total Current Assets 201.0 176.3 Total Assets 510.9 497.9 Total Shareholder's Equity 66.7 58.7 Total Current Liabilities 207.1 220.1 Total Long Ter
Slide 14: Bond issuance – Financing the growth strategy
Bond issuance – Financing the growth strategy Major characteristics Waberer’s issues a corporate bond in the value of EUR 111 million Major parameters: Planned investments: • 10-year maturity • Amortisation: • Debt refinancing – Already executed – 5. year: 10% (EUR 43.5 m) – 6. year: 10% • Own wareh
Slide 15: Termination of Club Loan Agreement
Termination of Club Loan Agreement • Club Loan Agreement (CLA) signed in Q1 2021 to provide financial stability of the core operation • One of the aim of bond issuance to refinance debt provided under CLA Advantages of bond vs. CLA Status of CLA termination • Financial source for additional • Major
Slide 16: 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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