Delticom Ag · XETR:DEX
Delticom — H1 2018 Earnings Presentation
11 slides from Delticom's earnings presentation, August 2018
Slide 1: Delticom AG: Expanding E-Commerce market position in Europe
Delticom AG Expanding E-Commerce market position in Europe Hanover, August 2018
Slide 2: Industry Trends
Industry Trends • Market for replacement tyres remained weak • Summer-tyres business in Germany shows a volume decline of -5.4 % • 15 % increase in sales in the all-season tyre business could not fully compensate for the decline in sales in the summer tyre business • -2.4 % lower sell-out volume in
Slide 3: Market Trend E-Commerce
Market Trend E-Commerce • More than 4 billion people worldwide already use the internet • The time people stay online is also increasing • In 2017, 1.77 billion internet users bought consumer goods online • Online retailing remains a major growth driver in trade • E-Commerce in Germany increased by
Slide 4: Key Facts 1st HY 2018
Key Facts 1st HY 2018 460 online shops and online distribution platforms in 74 countries 291M€ Sales volume with avg. FTE 185 employees 4 warehouses > 12.8M Customers served Delticom is a lean and highly efficient organisation 4 Delticom AG – Company Presentation August 2018
Slide 5: Key Financials 1st HY 2018
Key Financials 1st HY 2018 – 2.2 % +37.1 % 3.2 M€ 2.0 M€ 290.5 M€ 6.8 M€ +138.4 % +150.0 % Revenues EBITDA EBIT Net income 5 Delticom AG – Company Presentation August 2018
Slide 6: Key Financials 1st HY 2018: P&L
Key Financials 1st HY 2018 P&L Unit 30.06.2018 30.06.2017 Total income €m 304.4 309.3 -1.6 % Gross profit €m 76.9 74.4 +3.4 % Gross margin % 25.3 24.1 +1.2 %p Correction from previous years + drop- Transportation €m 24.8 28.1 -11.8 % ship business + B2B + country mix Stocking €m 4.0 3.4 +17.7 % Stoc
Slide 7: Key Financials 1st HY 2018: Balance Sheet Assets
Key Financials 1st HY 2018 Balance Sheet Assets Unit 30.06.2018 30.06.2017 Non-current assets €m 79.4 77.5 +2.4 % Intangible assets €m 55.6 57.7 -3.6 % Property, plant & equipment €m 18.5 15.4 +19.7 % Current assets €m 140.7 138.9 +1.3 % Delayed seasonal start + early winter Inventories €m 93.8 90.6
Slide 8: Key Financials 1st HY 2018: Balance Sheet Equity & Liabilities
Key Financials 1st HY 2018 Balance Sheet Equity & Liabilities Unit 30.06.2018 30.06.2017 Equity €m 53.3 52.7 +1.2 % Subscribed capital €m 12.5 12.5 +/-0.0 % Share premium €m 33.7 33.7 +/-0.0 % Net retained profits €m 5.9 5.1 +1.6 % Liabilities €m 166.8 163.6 +1.9 % Long term borrowings €m 5.8 5.9 -1
Slide 9: Open items H1 review
Open items H1 review • Transportation costs FY16 + FY17 in total € 1.8 million too high -> dissolved in H118 Corrections to be made in 2016, 2017 or 2018? • Deferred Taxes from loss making start-ups – Adjustments to be done? – If yes, which years are effected? – If multiple years, what are the amoun
Slide 10: Outlook Confirmation
Outlook Confirmation Despite a late start to the season, Delticom succeeded in increasing Group profitability in the first six months of the current year in a difficult market environment compared to the same period last year Delticom plans to further fine-tune the balance between revenues growth an
Slide 11: Q&A
Q&A 11 Delticom AG – Company Presentation August 2018