Colt Cz Group Se · PSECZ:COLT
Colt Cz — CZG – Česká zbrojovka Group — Q1 2021 Earnings Presentation
17 slides from Colt Cz's earnings presentation, May 2021
Slide 1: CZG – Česká zbrojovka Group SE Financial Highlights Q1 2021
CZG – ČESKÁ ZBROJOVKA GROUP SE FINANCIAL HIGHLIGHTS Q1 2021 May 2021 INVESTOR REPORT
Slide 2: Legal disclaimer
Legal disclaimer IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING • This presentation (the “Presentation”) has been prepared by CZG - Česká zbrojovka Group SE, with its registered office at Opletalova 1284/37, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the C
Slide 3: Agenda and today's presenters
Agenda and today‘s presenters 1 PRESENTERS LUBOMÍR KOVAŘÍK JAN DRAHOTA Chairman of the Board of Vice-chairman of the Board Q1 2021 AT A GLANCE Directors of Directors, Head of CZG Finance 2 CZG Responsible for strategy and business Responsible for finance and M&A with the Group development since the
Slide 4: Q1 2021 at a glance
1 Q1 2021 at a glance Revenues increased by 63.7% in Q1 2021 compared to the same period in 2020, to CZK 2.0 bn Sales driven by strong demand for CZ products globally, especially on the US commercial market GROW CZG issued senior unsecured public bonds in total amount of CZK 5.0 bn with maturity in
Slide 5: Q1 2021 at a glance – Operational performance
1 Q1 2021 at a glance – Operational performance Breakdown by units sold Comments Units % change vs Q1 2020 Total units sold increased by 58% to 137 thousands in Q1 2021, compared to 87 thousands units sold in Q1 2020 Short guns 85,527 +51.6% Geographical revenue split dramatically influenced by the
Slide 6: Financial highlights – Key indicators Q1 2021
2 Revenue Financial highlights – Key indicators Q1 2021 Operating profit CZKm CZKm Pro forma 16.5% 700 8.5% 20.0% Guidance 12,430 – 12,730 10,340 – 10,640 600 10.0% 500 0.0% +63.7% 2,034 400 335 -10.0% 1,242 1,403 300 +216.6% -20.0% 200 106 -30.0% 100 -40.0% 0 -50.0% Q1 2020 Q1 2021 Q1 2021 FY 2021
Slide 7: Financial highlights – Cash flow indicators Q1 2021
2 Financial highlights – Cash flow indicators Q1 2021 Operating cash flow Capital expenditures CZKm CZKm 2500 166.2% 700 80.0% 124.4% 150.0% 600 Guidance 2000 7.2% 4.6% 4.8% 5.7% 5.0 – 7.0 % 83.4% 100.0% 1,838 500 37.7% 37.7% 50.0% 1500 386 400 0.0% 331 -110.0% 929 300 274 1000 -50.0% 728 200 505 -1
Slide 8: Financial highlights – Net debt Q1 2021
2 Financial highlights – Net debt Q1 2021 Debt structure Debt maturity profile CZKm 8000 0 CZKm New CZG 2027 bonds 7000 6000 5,000 5000 4000 Bank loans 7,250 3000 59.3 37 19.5 2,250 2000 Bonds 1000 2,250 2,250 2,250 0 0 0 0 0 0 FY 2018 FY 2019 FY 2020 1Q 2021 2021 2022 2023 2024 2025 2026 2027 Net f
Slide 9: Financial highlights – CZG stock performance
2 Financial highlights – CZG stock performance CZG stock performance since 01 October 2020 % change +41% 40% +36% 30% +23% 20% +22% 10% 0% -10% October 20 November 20 December 20 January 21 February 21 March 21 April 21 May 21 CZG Index PX Ruger Smith & Wesson Source: Bloomberg Terminal, closing fig
Slide 10: Financial highlights – Q&A section
2 Financial highlights – Q&A section THANK YOU FOR YOUR ATTENTION
Slide 11: Summary of selected KPIs
3 Appendix – Summary of selected KPIs Unaudited consolidated financial results CZK '000 / % Q1 2021 Q1 2020 change Revenues 2,033,760 1,242,243 +64% Underlying EBITDA from continued operations1 438,214 201,573 +117% Profit before tax (EBT) 361,602 (66,339) - Net income 275,642 (59,108) - Earning per
Slide 12: Profit and loss statement
3 Appendix – Profit and loss statement Unaudited consolidated Profit & loss statement CZK '000 / % Q1 2021 Q1 2020 change Revenues from the sale of own products, goods and services 2,033,760 1,242,243 +64% Other operating income 11,282 34,352 (67%) Changes in inventories of finished goods and works
Slide 13: Balance sheet 1/2
3 Appendix – Balance sheet 1/2 Unaudited consolidated Balance sheet – Assets CZK '000 / % Q1 2021 Q1 2020 change Non-current assets Property, plant and equipment 2,068,854 2,050,783 +1% Intangible assets 742,663 770,194 (4%) Long-term receivables 293,901 303,260 (3%) Equity-accounted securities and
Slide 14: Balance sheet 2/2
3 Appendix – Balance sheet 2/2 Unaudited consolidated Balance sheet – Equity and liabilities CZK '000 / % Q1 2021 Q1 2020 change Equity Share capital 3,264 3,264 0% Capital funds 1,642,107 1,642,107 0% Share premium 722,944 722,944 0% Cash flow hedging funds 24,615 161,794 (85%) Foreign exchange tra
Slide 15: Cash flow statement
3 Appendix – Cash flow statement Unaudited consolidated Cash flow statement – simplified1 CZK '000 Q1 2021 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 357,409 Depreciation/amortisation of non-current assets 99,096 Change in allowances and
Slide 16: Company structure
3 Appendix – Company structure1 Česká zbrojovka Partners SE 100% CZ-US Holdings Inc. 100% EHC-4M, SE Czech Republic Free float USA Czech Republic 87.8% 12.2% 100% 100% 100% 100% CZG – Česká zbrojovka Group SE (“CZG”) Colt Holding CZ-USA Inc. CZ MFG, Inc. Company LLC 4M SYSTEMS a.s. Czech Republic US
Slide 17: Company structure (acquired Colt entities)
3 Appendix – Company structure1 CZG – Česká zbrojovka Group SE (“CZG”) Czech Republic 100% CZ-US Holdings Inc. ACQUIRED COLT ENTITIES USA 100% Colt Defence LLC USA 100% Colt Holding Company LLC 100% 95% 100% 99% USA New Colt Holding Colt Colt Defence Colt International Corp. 5% Manufacturing Technic
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