Slide 1: Financial Statement Q1 2024
Financial Statement Q1 2024 Michael Drolshagen (CEO) | Andreas Pabst (CFO) Board of Management WashTec AG May 6th, 2024
Slide 2: 1 WashTec
WashtTec Q WashtTec ay @ WashTec CLEAN CARS®
Slide 3: WashTec Management Board
WashTec Management Board Michael Drolshagen Andreas Pabst Sebastian Kutz CEO/CTO CFO CSO ▪ Corporate culture, ▪ Finance/Controlling ▪ Sales communication & mission ▪ IT ▪ Key Account Management statement ▪ Purchasing ▪ Marketing ▪ Human Resources ▪ Investor Relations ▪ Business Units/Product ▪ Produ
Slide 4: New Entry Machine: full digital offering
New Rollover - Entry Machine today from mid of May 2024 onwards ➢ New Entry Machine will have similar pricing like former EasyWash with higher functionality. SmartCare SmartCare ➢ Based on our platform ramp up full digital offering period is quite short. SoftCare² SoftCare² ➢ Number of sold units ex
Slide 5: Come and visit us – WashTec at UNITI expo
Come and visit us – WashTec will be at this upcoming fair UNITI expo May 14-16, 2024 | Stuttgart Come and visit us there! 5 | Quaterly statement Q1 2024 | WashTec AG
Slide 6: US tunnel strategy: new “mini-tunnel”
US tunnel strategy: new “mini-tunnel” Conversion IBA (in bay automatics/rollover) to Tunnel for C-Store industry • Mark VII/WashTec is the dominant supplier of carwash equipment for C-Stores in the USA. • Rollover are the domain of the C-Stores (fuel stations), with approximately 23.500 units. • Tun
Slide 7: Come and visit us – Mark VII at ICA
Come and visit us – Mark VII will be at this upcoming fair ICA – the largest carwash trade fair in USA May 13-15, 2024 | Nashville • 3 pitches to present the Mini Tunnel to an interested audience • 1 presentation on the opening day • A complete Mini Tunnel as an exhibit • Training of the gantry car
Slide 8: 2 Q1 2024 results
5 Qt 2024 results Q WashtTec ay @ WashTec CLEAN CARS®
Slide 9: First-quarter EBIT margin at prior-year level despite slow start
First-quarter EBIT margin at prior-year level despite slow start to the year Q1 ▪ Revenue down on prior year WashTec generated revenue of €100.8m Q1 2024 Q1 2023 Change in the first three months, down 7.7% on absolute in % the prior year (€109.2m). This was mainly the result of lower sales of equipm
Slide 10: Group revenue and earnings
Group revenue and earnings Revenue and EBIT Q1 in €m, and EBIT margin in a multi-year comparison +200% +15% 109.2 101.0 100.8 ▪ Despite lower revenues compared to 87.3 84.8 last year, we are facing third year in a row revenues >€100m. This is an increase over the last five years of 15%. 5.5 5.1 4.6
Slide 11: Q1 Revenue by product
Q1 Revenue by product Revenue by product, Q1 Q1 2024 Q1 2023 Change ▪ At €84.5m, equipment and service in €m revenue was down on the prior-year absolute in % figure (€91.1m). This is mainly due to weaker sales of equipment, Equipment and service 84.5 91.1 -6.6 -7.2 particularly to key accounts in No
Slide 12: Q1 Revenue by regions
Q1 Revenue by regions ▪ In Europe and other region, revenue fell by 4.9% in the first three months, from €89.0m** to €84.6m. The fall in revenue cut across all product segments and is primarily attributable to the weaker sales figures for equipment due to the difficult market conditions, particularl
Slide 13: Q1 EBIT by regions
Q1 EBIT by regions ▪ EBIT in the region was €5.7m in the first quarter (prior year: €5.7m**). Despite weaker revenue, EBIT was maintained at the prior-year level thanks to lower material prices and cost-cutting measures. ▪ At €−0.5m, EBIT in the first three months was significantly lower than in the
Slide 14: Q1 EBIT-Bridge
Q1 EBIT-Bridge in €m ▪ Gross profit margin increased significantly from 25.5% to 28.8% mainly due efficiency 0.4 0.3 programs as well as 1.3 a fall in material 5.5 prices. 0.4 5.1 3.3 2.1 ▪ Admin costs with €5.6m EUR were clearly above last year (€4.3m). The increase was mainly due to one-off expens
Slide 15: NOWC, Free cash flow, Net financial debt, Equity ratio
NOWC, Free cash flow, Net financial debt, Equity ratio in €m ▪ Net operating working capital (NOWC) increased relative to December 31, 100.8 9.3 45.2 33.9% 31.2% 2023, rising €6.4m or 7.7% 89.9 34.6 from €83.5m to €89.9m. Comparable figure of Q1/23 was €100.8m. 1.9 ▪ Free cash flow increased to €9.3
Slide 16: Guidance 2024
Guidance 2024 2023 Guidance 2024 Revenue €489.5m Similar level on prior year ± 3% EBIT €41.9m Increase in mid-single-digit percentage range Free cash flow €46.1m €m 30-40 ROCE 21.5% ± 1 percentage point This forecast is fundamentally subject to uncertainties. These can result, for example, from a po
Slide 17: 17 | Quaterly statement Q1 2024 | WashTec AG
17 | Quaterly statement Q1 2024 | WashTec AG
Slide 18: Financial calendar 2024
Financial calendar 2024 Date May 14th, 2024 Annual General Meeting 2024 August 5th, 2024 Publication of half-year financial report 2024 November 6th, 2024 Publication of 9-month statement 2024 18 | Quaterly statement Q1 2024 | WashTec AG
Slide 19: Disclaimer
Disclaimer Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future events. Such statements are subject to known and unknown risks