Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — H1 2022 Earnings Presentation
15 slides from Brockhaus Technologies's earnings presentation, Aug 15, 2022
Slide 1: Elevating Champions - H1 2022 Earnings Call
Elevating Champions HALF-YEAR H1 2022 EARNINGS CALL August 15, 2022
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as regional lock-down measures or the development of leading international economies in light of the giving investment advice and does not constitute or form part of, and should not be construed a
Slide 3: Summary H1 2022
Summary H1 2022 Selected group financials (€m) Key highlights +234% 75.1 Revenue (before PPA) 22.5 Confirmation of FY 2022 guidance with revenue of between €140m - 150m and a continued high adj. EBITDA margin of 35% +954% 26.9 Adj. EBITDA 2.6 Strong balance sheet quality with cash and cash equivalen
Slide 4: Revenue by quarter
Revenue by quarter 34.7 17.5 16.3 1 - - - - - Q1 Q2 Q3 Q4 +19.7% +14.6% 7.6 8.8 7.2 6.7 7.4 6.1 - - Q1 Q2 Q3 Q4 -14.6% -19.9% 7.3 4.8 4.1 5.0 4.0 4.2 - - Q1 Q2 Q3 Q4 1) Comparable IFRS revenue figure for H1 2021 not available; Bikeleasing only accounted (€ million) Palas IHSE Bikeleasing Prior-year
Slide 5: Revenue by region
Revenue by region 52.1 1 - - EMEA Americas APAC +1.9% 8.1 8.2 +60.6% +24.1% 3.9 2.4 2.2 2.8 EMEA Americas APAC -33.3% 7.2 4.8 +35.0% +18.9% 2.1 1.6 0.9 1.1 EMEA Americas APAC 1) Comparable IFRS revenue figure for H1 2021 not available; Bikeleasing only accounted (€ million) Palas IHSE Bikeleasing Pr
Slide 6: KPIs by segment
KPIs by segment Reportable Segments Financial Security Environmental Central Functions and BKHT Group Technologies Technologies Technologies Consolidation [€ thousand] H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 Revenue before PPA 52,109 - 14,884 12,718 8,072 9,75
Slide 7: Conservative leverage ratio of 2.3x within the target corridor
Conservative leverage ratio of 2.3x within the target corridor (€ thousand) 30.06.2022 31.12.2021 Senior loans 72,486 79,979 Subordinated loans 52,507 49,696 Real estate loans 5,742 5,942 Cash and cash equivalents (32,163) (30,327) Net debt from loans 98,572 105,290 Other financial liabilities 6,989
Slide 8: Bikeleasing - Operational deep dive
Bikeleasing - Operational deep dive Comparable IFRS revenue figure for H1 2021 not available; # Bikeleasing only accounted according to ~82,000 German GAAP prior to acquisition ~63,000 # of facilitated bikes grew by +40% to ~61,000 # of corporate customers now >40,000 with >2.1 million ~61,000 emplo
Slide 9: Bikeleasing - Market deep dive
Bikeleasing - Market deep dive Strategic focus backed by market data Market penetration: 1 Increasing the number of corporate customers on the Bikeleasing platform Driving utilization rates: 2 Increasing the % of employees within a corporation using the Bikeleasing solution Source: Deloitte, Consume
Slide 10: Palas - Operational deep dive
Palas - Operational deep dive Second strongest H1 €6.0m €9.8m €8.1m in Palas’ corporate history, except for Covid-fueled H1 2021 2.9 0.5 Palas’ core business, excl. Covid- related test rig sales, continued to 0.2 grew strongly with double-digit % 7.6 6.8 5.7 Significant delay in revenue recognition
Slide 11: IHSE - Operational deep dive
IHSE – Operational deep dive Last pre- Covid quarter Strongest Q1 & Q2 Strong rebound with 17% revenue since start of Covid pandemic growth due to partial lifting of travel 10.3 and contact restrictions 9.8 8.8 7.4 7.6 7.2 6.9 6.7 6.5 6.1 Improvement in EBITDA margin year over year, though still bel
Slide 12: M&A activity: Selected deal flow
M&A activity: Selected deal flow ENVIRONMENTAL ENVIRONMENTAL BENEFITS TECHNOLOGY TECHNOLOGY PLATFORM EBITDA margin: ~40% EBITDA margin: ~25% EBITDA margin: tbc Source: Proprietary Source: Proprietary Source: Proprietary 12
Slide 13: Forecast FY 2022 confirmed
Forecast Revenue €140m - €150m (2021: €127m | +11 to +19%) FY 2022 confirmed Adj. EBITDA margin 35% (2021: 38%) Please refer to the section Expected Developments of the Group Management Report, disclosed in our Annual Report 2021 corresponding Adj. EBITDA €49m - €53m (2021: €48m | +2 to +10%) 13
Slide 14: Happy to answer your questions
Q&A Happy to answer your questions 14
Slide 15: Brockhaus Technologies AG contact details
BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), D
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