Slide 1: Earnings Call: Financial Figures Q3 2024
Earnings Call: Financial Figures Q3 2024 Dr. Henning von Kottwitz, CEO and Henning Eschweiler, COO Munich, 23 October 2024 14:00 CEST
Slide 2: Q3 2024: Significantly improved EBITDA margin
Q3 2024: Significantly improved EBITDA margin ▪ Revenue development was within expectations, reduction vs previous year mainly affected by lower order intake within business services segment Q3 2024 Q3 2024 ▪ Successfully implemented and executed turnaround Revenue Adj. EBITDA measures led to signif
Slide 3: Financial Figures
01_ Financial Figures Dr. Henning von Kottwitz Blue Cap AG _ Financial Figures Q3 2024 3
Slide 4: Revenue mainly affected by HY-Line, EBITDA strongly supported by con-pearl and Neschen
Revenue mainly affected by HY-Line, EBITDA strongly supported by con-pearl and Neschen** Revenue* Adjusted EBITDA and adj. EBITDA margin* EUR mn EUR mn and % adj. EBITDA margin 222,8 23.6 209,0 195,3 19.0 152,8 15.9 135,8 13.6 10.6 10.3 9.5 8.8 7.5 7.6 2020 (9M) 2021 (9M) 2022 (9M) 2023 (9M) 2024 (9
Slide 5: Very different development between segments in difficult environment
Very different development between segments in difficult environment Revenue by segment* Adjusted EBITDA by segment* EUR mn EUR mn 7,9 71,8 Plastics +63% Plastics +15% 12,9 82,9 63,4 2,9 Adhesives & Coatings -3% Adhesives & Coatings >100% 61,2 6,0 71,4 6,2 Business Services -31% Business Services -6
Slide 6: Net working capital and cash conversion cycle remain on a healthy level
Net working capital and cash conversion cycle remain on a healthy level; increase driven by con-pearls US business Net working capital*/** Cash conversion cycle** EUR m and in % of total output (LTM) in days 30 Sep 2024 18% 48.2 30 Sep 2024 83 +6% +6% 30 Jun 2024 18% 45.6 30 Jun 2024 78 31 Mar 2024
Slide 7: Leverage ratio significantly improved, net debt below target
Leverage ratio significantly improved, net debt below target Net debt and leverage ratio* EUR mn and in years 70.1 Net debt/adj. EBITDA 58.7 59.0 52.6 2.6 3.0 2.5 2.0 2022 (Dec) 2023 (Sept) 2023 (Dec) 2024 (Sept) ▪ Total net debt in the group significantly lower than Q3 2023 ▪ Net leverage ratio of
Slide 8: Portfolio Update
02_ Portfolio Update Henning Eschweiler Blue Cap AG _ Financial Figures Q3 2024 8
Slide 9: Current developments in our portfolio: Plastics
Current developments in our portfolio Plastics Plastics Q3 2024 Outlook 2024 ▪ YTD significantly better than PY ▪ Strong Q4 outlook, mainly driven by US-Business ▪ Pick-up in H2 visible ▪ Sale of recycling facility Hillscheid ▪ Margins remain sustainably high → An increase in sales, mainly driven by
Slide 10: Current developments in our portfolio: Adhesives & Coatings
Current developments in our portfolio Adhesives & Coatings Adhesives & Coatings Q3 2024 Outlook 2024 ▪ Last 9 months with sales on plan ▪ Sold to strategic buyer ATP ▪ Margins significantly ahead of plan and previous year → Sold after successful turnaround (in 2023). ROIC 8x Invest: 2016 / 100% Reve
Slide 11: Current developments in our portfolio: Business Services
Current developments in our portfolio Business Services Business Services Q3 2024 Outlook 2024 ▪ As initially expected, 2024 kicked-off below a strong ▪ Based on customer feedback and research, we expect no 2023 short-term recovery, but a crisis of the electronic industry, ▪ Since then, it went from
Slide 12: Current developments in our portfolio: Life Science
Current developments in our portfolio Life Science Life Science Q3 2024 Outlook 2024 ▪ Turnaround concept “Restart 2023” completed ▪ Focus on operational improvements and productivity ▪ Sales as planned, based on modest expectations ▪ Finance team upgrade with new CFO in Sep ▪ EBITDA back at profita
Slide 13: Outlook
03_ Outlook Dr. Henning von Kottwitz Blue Cap AG _ Financial Figures Q3 2024 13
Slide 14: Neschen is a blueprint for the goals we aim to achieve with our strategy
Neschen is a blueprint for the goals we aim to achieve with our strategy Case Exit ▪ Bought from insolvency in 2016 ▪ Exit: 07.10.2024 ▪ Optimisation of working capital ▪ Sold to ATP adhesive systems AG, a management strategic investor ▪ Joined Portfolio: 2016 ▪ Advancement of the industrial coating
Slide 15: Guidance 2024 reflects strong EBITDA development and recent exit(s)
Guidance* 2024 reflects strong EBITDA development and recent exit(s) Outlook 2024 ▪ For 2024, we currently expect revenue at EUR 200-220m with an ▪ We aim for … EBITDA margin (adj.) at 9.5-10.5% Further development of M&A pipeline, pursuing of acquisitions, value creation turnaround initiated Solid
Slide 16: Questions & Answers
Questions & Answers Blue Cap AG _ Financial Figures Q3 2024 16
Slide 17: Thank you!
Thank you!
Slide 18: Disclaimer
Disclaimer By accessing this document, you acknowledge the restrictions on use set out Insofar as the information contained in this document is based on statements herein. The information contained in this document regarding Blue Cap AG made by third parties, we would like to point out that no warra
Slide 19: BACKUP
BACKUP Blue Cap AG _ Financial Figures Q3 2024 19
Slide 20: Blue Cap on the stock market
Blue Cap on the stock market Reference data Positive recommendations by analysts ▪ ISIN/WKN: DE 00A0JM2M1 / A0JM2M Analyst Date Rating Target Price ▪ Ticker: B7E, B7E.DE (Reuters), B7E:GR (Bloomberg) ▪ Share Capital: 4,486,283.00 Euro / 4,486,283 pcs SMC Research 08 October 2024 Buy 34.00 € ▪ Market
Slide 21: Management Board
Management Board Dr. Henning von Kottwitz Henning Eschweiler Chief Executive Officer Chief Operating Officer Main Responsibilities Main Responsibilities M&A, Finance, Capital Market & Investor Relations, Law Portfolio Management, ESG, IT, People & Culture Before Before ▪ Ex BCG – industrial goods co
Slide 22: Financial calendar and contact details
Financial calendar and contact details Date Event Location 23 October 2024 Earnings Call Q3 Virtual 13 November 2024 Münchner Kapitalmarkt Konferenz Munich 25-27 November 2024 Deutsches Eigenkapitalforum Frankfurt/Main Annika Küppers Corporate Affairs ir@blue-cap.de Stay informed about the latest +4