Nemetschek SE · XETR:NEM
Nemetschek — Q1 2019 Earnings Presentation
16 slides from Nemetschek's earnings presentation, Apr 30, 2019
Slide 1: Earnings Call Nemetschek Group 3-Month Results 2019
Earnings Call Nemetschek Group 3-Month Results 2019 30 April 2019 | Patrik Heider, Spokesman & CFOO University Library Freiburg, Germany Architects: Degelo Architects, Basel, Switzerland | Image: Andrea Secci | Realized with GRAPHISOFT
Slide 2: Key Business Highlights in the First Quarter: Excellent Start in the FY 2019
Key Business Highlights in the First Quarter: Excellent Start in the FY 2019 Strong Performance M&A Successes Brand-level acquisitions: Revenues: Manage Division $ +27.1% to € 129.9m +32.7% Revenues abroad Axxerion by MCS, renamed afterwards in Spacewell EBITDA margin: Dividend proposal: Media & Ent
Slide 3: Top Key Figures Q1 2019: Growth Accelerated in the First 3 Months of 2019
Top Key Figures Q1 2019: Growth Accelerated in the First 3 Months of 2019 Revenues Recurring revenues EBITDA EPS m€ m€ m€ € 129,9 +27.1% +33.9% 67,7 +23.2% cc1 +30.0% cc1 102,2 50,6 36,7 0,51 0,43 +19.7% 27,9 +31.4% +24.8% cc1 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 | Acceler
Slide 4: Growth Driver Recurring Revenues: Strongest Growth in Subscription
Growth Driver Recurring Revenues: Strongest Growth in Subscription Revenue distribution Q1 2019 Q1 2019 Comments 5,5% Recurring revenues yoy | Above average growth (4,3%)2 to € 67.7m +33.9% | Organic growth: 26.6% +30.0% cc1 (22.7% cc1) Subscription yoy | Strong growth to € 9.7m 42,4% 52,1% | Spacew
Slide 5: Internationalization Is Key: Broad Growth Across All Regions
Internationalization Is Key: Broad Growth Across All Regions Revenue distribution Q1 2019 Q1 2019 Germany Americas 9% +14% +34% (8%)2 +25% cc1 27% (30%)2 Europe Asia +23% +31% 29% (28%)2 +23% cc1 +24% cc1 UK +40% 35% +40% cc1 (34%)2 Scandinavia Germany Europe (w/o Germany) +45% +47% cc1 Americas Asi
Slide 6: Segment Overview: Build Segment Remains Key Growth Driver in Q1
Segment Overview: Build Segment Remains Key Growth Driver in Q1 Revenues in m€ Media & Design Build Manage Entertainment +15.1% 74,3 64,6 +12.8% cc1 40,2 7,2 +34.7% +23.9% 29,8 +27.0% cc1 5,8 +19.9% cc1 8,2 +302.9% +302.6% cc1 2,0 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 EBITD
Slide 7: Strong Cash Conversion Allows Further Investment in Organic Growth and Strategic M&A
Strong Cash Conversion Allows Further Investment in Organic Growth and Strategic M&A 94.1% High cash conversion rate1 Comments in m€ 36,7 | +31.4% - partly influenced by IFRS 16 EBITDA 27,9 | Adjusted growth (IFRS 16): +18.5% | +30.0% Cash flow from 34,5 | Strong development based on good operative
Slide 8: Investment Focus: Our Strategic Investments Are Going on in 2019
Investment Focus: Our Strategic Investments Are Going on in 2019 3 Strategic initiatives to drive Internationalization Operational next-generation solutions excellence 1. From Design to Build Enter adjacent markets Increase efficiency | Targeting large customers by connecting | Leverage regional mar
Slide 9: Outlook 2019: Strong Double-Digit Growth While Maintaining a High EBITDA Margin Confirmed
Outlook 2019: Strong Double-Digit Growth While Maintaining a High EBITDA Margin Confirmed Outlook 2019 Result Target range: 540 – 550 m€ 2018 Growth: Revenues 461.3 m€ 17% – 19% EBITDA margin* 26.3%* * Without effects from IFRS 16 25% – 27%* | Revenues range: € 540 – 550m, strong growth of 17% – 19%
Slide 10: Appendix
Appendix Montforthaus, Feldkirch, Austria Falcon Hospital, HASCHER JEHLE Guangzhou, Germany | Images: David Matthiessen | realized with NEVARIS Architektur,China Visualization: Slashcube, Switzerland | Realized with MAXON
Slide 11: P+L statement Q1 2019 comparison
P+L statement Q1 2019 comparison €m Q1 2019 Q1 2018 % YoY Revenues 129.9 102.2 +27.1% Own work capitalized/other operating income 1.6 1.0 +64.7% Operating income 131.5 103.2 +27.4% Cost of materials/purchased services -4.3 -3.3 +32.8% Personnel expenses -57.3 -45.1 +26.9% Other operating expenses -3
Slide 12: Balance sheet – Assets
Balance sheet – Assets €m March 31, 2019 December 31, 2018 Assets Cash and cash equivalents 144.7 120.7 Trade receivables, net 63.2 55.8 Inventories 1.4 1.2 Other current assets 26.2 24.6 Current assets, total 235.6 202.2 Property, plant and equipment 21.0 17.6 Right-of-use assets 68.3 0.0 Intangibl
Slide 13: Balance sheet – Equity and liabilities
Balance sheet – Equity and liabilities €m March 31, 2019 December 31, 2018 Equity and liabilities Short-term borrowings and current portion of long-term loans 59.4 56.3 Trade payables & accrued liabilities 40.8 53.5 Deferred revenue 124.3 95.1 Current lease liability 11.0 0.0 Other current assets 21
Slide 14: Cash flow statement
Cash flow statement €m March 31, 2019 March 31, 2018 % YoY Cash and cash equivalents at the beginning of the period 120.7 104.0 +16.2% Cash flow from operating activities 34.5 26.6 +30.0% Cash flow from investing activities -78.8 -1.9 t/o CapEX -5.6 -1.9 t/o Cash paid for business combinations -73.3
Slide 15: Safe Harbor Statement
Safe Harbor Statement Architects: Bond Bryan Architects, Great Britain | Realized with GRAPHISOFT Each of the presentations today will contain forward-looking statements about our strategies, products, future results, performance or achievements, financial, operational and otherwise, including state
Slide 16: Contact
Engineering office: Studieburo Mouton, Ghent, Belgium | Image: Andrea Secci | Realized with SCIA Contact NEMETSCHEK SE Investor Relations Konrad-Zuse-Platz 1 81829 Munich Germany Port House, Antwerp, Belgium investorrelations@nemetschek.com www.nemetschek.com Earnings Call Q1 2019 16 30 APRIL 2019