Slide 1: H1 Results 2024
H1 RESULTS 2024 24 July 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or a solicitation to purchase or invest in any securities 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 decision. This
Slide 3: Highlights
HIGHLIGHTS ► Short- and mid-term targets confirmed ► Operational EBITDA H1 at 106 Mio € (2.1% EBITDA Margin), ROCE at 24.6% ► Cloud Revenues H1 at 662 Mio € (+25% YoY) ► Cash position increased by 31 Mio € to 643 Million Euro ALSO H1 Results 2024 24 July 2024 3
Slide 4: Business Development
BUSINESS DEVELOPMENT Total Commercial Consumer (in M€)* (in M€)* (in M€)* 5 493 5 100 3 736 3 344 3 366 3 365 3 243 2 853 2 630 3 344 2 382 2 127 1 735 H1 H1 H1 H2 H1 H2 H1 H1 H2 H1 H2 H1 23 24 22 22 23 23 24 22 22 23 23 24 * Net sales before PvA Positive outlook for H2 ALSO H1 Results 2024 24 July
Slide 5: Key Performance Indicators
KEY PERFORMANCE INDICATORS Delta Unique Users m€ H1 2024 H1 2023 in Million Net sales before PvA 5 100 5 493 -393 4.1 +11% Thereof Supply 2 801 3 269 -468 3.7 Thereof Solutions 1 543 1 597 -54 Thereof Service 756 627 +129 Thereof Cloud 662 529 +133 Gross profit 319 334 -15 EBITDA 94 112 -18 Gross pr
Slide 6: EBITDA
EBITDA Bridge 2023 – 2024 (in M€) +10 ► Higher profitability +11 through optimizations 112 within levers 106 -27 ► Continuation of -12 94 operational excellence 2.1% 2.1% ► Expenses for future growth H1 23 Profitability Cost savings Volume H1 24 Expenses H1 24 increase reduction operational for grow
Slide 7: OPEX
OPEX Bridge 2023 – 2024 (in M€) ► Reduction of warehouse, data center +6 225 and energy costs 223 +4 ► AI supported platforms and tools +2 ► Experts for new business -10 Expenses for future growth ► Integration and extension of M&A activities ► Expense to EBITDA leverage of 3 H1 23 Cost savings Plat
Slide 8: Cash Development and ROCE
CASH DEVELOPMENT AND ROCE Bridge 2023 – 2024 (in M€) +122 -46 ► Optimization NWC +97 +2 643 ► Payback of loans -144 612 ► Increased dividend pay- out Free Cashflow: 173 ► ROCE at 24.6% Cash H1 23 Change in NWC Other op. CF Investment CF Financing CF FX Cash H1 24 Excellent financing situation enabli
Slide 9: Confirmed Short- and Mid-Term Guidance
CONFIRMED SHORT- AND MID-TERM GUIDANCE EBITDA 350 - 450 in M€ 265 - 305 2024 Mid-term (2026–2028) ROCE >25.0% >30.0% ALSO H1 Results 2024 24 July 2024 9
Slide 10: Halfyear Development
HALFYEAR DEVELOPMENT EBITDA per halfyear (in M€) 227 257 260 247 ► H1-EBITDAs range from 92 to 114 Mio € 92 135 114 143 108 152 112 135 94 ► H2-EBITDAs range from 135 Mio € to 152 Mio € H1 & H2 H1 & H2 H1 & H2 H1 & H2 H1 2020 2021 2022 *) 2023 2024 H2 significantly excels H1 *) H1/22 excluding extra
Slide 11: Outlook 2024
OUTLOOK 2024 EBITDA Bridge H1 to FY 24 (in M€) ► Recovery in commercial and +8 opportunities in consumer +40 business +50 ► Growth Digital Platforms & +86 Cloud 278 ► Accretive M&A impacts 2024 94 H1 24 Commercial Consumer Cloud M&A FY 24 reported Profitability boost in H2 ALSO H1 Results 2024 24 Ju
Slide 12: Q&A
Q&A
Slide 13: Thank You
THANK YOU \
Slide 14: Unique User Development
UNIQUE USER DEVELOPMENT Unique Users (in Million)* 4.1 3.7 3.8 3.6 3.3 2.9 H2 21 H1 22 H2 22 H1 23 H2 23 H1 24 * Refined calculation methodology ALSO H1 Results 2024 24 July 2024 14