Washtec Ag · XETR:WSU
Washtec — Q1 2021 Earnings Presentation
21 slides from Washtec's earnings presentation, Apr 28, 2021
Slide 1: Q1 2021 report | April 28, 2021
Q1 2021 report | April 28, 2021 Dr. Ralf Koeppe | CEO Dr. Kerstin Reden | CFO Stephan Weber | CSO
Slide 2: Agenda
1 | Update on pandemic measures 2 | Marketing in times of pandemic 3 | Financials - Q1 2021 4 | Backup 2 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 3: Update on pandemic measures
Update on pandemic measures Health and safety of our employees and securing business continuation is our priority No 1 ▪ Reduced travel, home office ▪ Digital office and white boards ▪ Bi-weekly communication of Board: with Management team, country units ▪ Leadership: convey trust, execute agile pro
Slide 4: Marketing – Customer acquisition in times without trade shows
2 | Marketing – Customer acquisition in times without trade shows 4 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 5: WashTec on Air: SmartCare – car wash live
WashTec on Air: SmartCare – car wash live 5 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 6: SmartCare – car wash live
SmartCare – car wash live AS 6 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 7: SmartSite – smart is when everything is simple to control via remote access
SmartSite – smart is when everything is simple to control via remote access 7 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 8: Social Media live streaming event to present SmartSite
Social Media live streaming event to present SmartSite 8 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 9: Q1 2021 – EBIT more than doubled in Q1
3 | Q1 2021 – EBIT more than doubled in Q1 despite weather- and pandemic-related revenue shortfall 9 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 10: Q1 2021 at a glance – EBIT doubled despite slight revenue decline
Q1 2021 at a glance – EBIT doubled despite slight revenue decline; strong order intake in March Revenue impacted by harsh Revenue Guidance weather conditions in January and updated February. Prior year not fully € 85 m down 3 % impacted by pandemic High order intake in March EBIT doubled driven by c
Slide 11: Q1 EBIT improvements primarily driven by less staff cost, reduced travel
Q1 EBIT improvements primarily driven by less staff cost, reduced travel and less risk allowances for receivables Revenue Gross margin EBIT* In % of revenue: In % of revenue: -2.5 27.7% 28.7% 1.9% 4.1% (-2.9%) 87.3 84.8 +0.1 (0%) +1.8 24.2 24.3 (+106%) 3.5 1.7 PY ACT PY ACT PY ACT * No material one-
Slide 12: Strong direct business, decline due to less revenue from Key Accounts
Strong direct business, decline due to less revenue from Key Accounts Carwash management Equipment and service Chemicals business and others -1.9 (-2.6%) -0.3 72.5 70.6 (-2.3%) 13.0 12.7 -0.3 (-15.8%) 1.9 1.6 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 12 | Quartely Statement Q1 | April 28, 2021
Slide 13: Stable revenue development in Europe while NA continues to be hit
Stable revenue development in Europe while NA continues to be hit by investment reluctance of Key Accounts Europe North America Asia-Pacific € 72.6 m € 11.6 m € 17.7m Revenue by region up 0.6% down 23% down 9% Asia-Pacific (16% on CC) NA 3% 13% ▪ Europe: First quarter without revenue decline since o
Slide 14: EBIT in Europe only down because of FX, EBIT up in NA and APAC
EBIT in Europe only down because of FX, EBIT up in NA and APAC Europe North America Asia Pacific Revenue Revenue Revenue +0.4 -3.4 (+1%) (-23%) -0.3 (-9%) 72.2 72.6 15.0 11.6 3.3 3.0 NA APAC Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 EBIT EBIT EBIT +0.7 -1.3 +2.3 +69% (-25%) > 100 % 5.1 3.8 0.2
Slide 15: Positive cash flow development compared to PY primarily driven by lower tax payments
Positive cash flow development compared to PY primarily driven by lower tax payments 15 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 16: Guidance 2021 – revenue outlook updated
Guidance 2021 – revenue outlook updated 2020 Guidance 2021* Revenue € 378.7m significant increase EBIT € 20.1m significant increase FCF after lease payments € 36.9m significant decrease ROCE 10.5% significant increase * stable < 3 %; slight ≥ 3 – < 5; significant ≥ 5 % 16 | Quartely Statement Q1 | A
Slide 17: Backup
17 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 18: Annual General Meeting 2021
Annual General Meeting 2021 ▪ Annual General Meeting (AGM) will be held on Tuesday, 18 May 2021 at 10 a.m. ▪ The virtual AGM can be viewed live by shareholders via the AGM portal. ▪ Guest access can be provided for interested press representatives and analysts. Please contact WashTec Investor Relati
Slide 19: Addition to the agenda for the Annual General Meeting
Addition to the agenda for the Annual General Meeting Resolution on a capital increase from Company funds without issuance of new shares and a subsequent ordinary capital reduction together with the related amendments to the Articles of Association ▪ The shareholder's request for addition of the age
Slide 20: Financial Calendar 2021
Financial Calendar 2021 April 28, 2021 Quartely statement Q1 2021 May 18, 2021 Annual General Meeting 2021 July 28, 2021 Q2 Report 2021 October 27, 2021 Quartely statement Q1 - 3 2021 November 22 – 24, 2021 Equity Forum, Frankfurt 20 | Quartely Statement Q1 | April 28, 2021 | WashTec AG
Slide 21: Disclaimer
Disclaimer No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment