Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q2 2022 Earnings Presentation
14 slides from Waberer's International Nyrt's earnings presentation, Aug 8, 2022
Slide 1: Q2 2022 Results Presentation
Q2 2022 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 8 August 2022
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefor
Slide 3: Agenda
Agenda | Performance on Group level, status of strategic projects & change in shareholder structure, public purchase offer | Group & segment level financials |3
Slide 4: Key messages
Key messages I. Significant revenue growth (+16%) – Improving price levels in ITS and RCL transportation segment II. Outstanding Group EBIT performance (EUR 10.3 mn) – Ability to quickly react on cost side inflation without any negative effect on profitability III. Net income decrease due to FX chan
Slide 5: Trend of financial performance
Trend of financial performance Group recurring EBIT (EUR mn) +33% 10.3 7.7 8.3 6.6 4.5 4.6 3.5 1.2 0.1 -2.7 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Group net indebtedness & leverage (EUR mn) 200 187 Net leverage ratio Net indebtedness 8 176 161 149 150 127 6 123 120 115 122 112 1
Slide 6: Update on strategic projects
Update on strategic projects Warehouse development Fleet change E-commerce Trucks replaced in H1 2022: Strategic goals: Steps completed: • 418 in ITS Hungary • Customer retention by increasing service • Acquisition of land in Ecser (EUR 4.3 • 179 in ITS Poland complexity level to Key Accounts mn) •
Slide 7: Change in shareholder structure; Public offer for free float
Change in shareholder structure; Public offer for free float Shareholder structure 1.2% Trevelin Holding Zrt. • No change in direct ownership structure 26.8% 26.0% MHB Optimum Zrt. • BDPST Equity Zrt. acquires MHB Optimum Zrt. who owns High Yield Vagyonkezelő Zrt. 21% of Waberer’s Geraldton Invest Z
Slide 8: Agenda
Agenda | Performance on Group level, change in shareholder structure, public purchase offer & status of strategic projects | Group & segment level financials |8
Slide 9: Group Results
Group Results Group Revenue (EUR mn) • Consolidated revenue • increased by 16% compared to Q2 21 – Quick +14% management response on cost side inflation • EUR 173 mn Q122 and EUR 332 mn YTD revenue 332 292 +16% • Group recurring EBIT 173 • reached EUR 10.3 mn in Q2 22 – highest quarterly EBIT in 150
Slide 10: Segment results
Segment results ITS ▪ Stable performance & increasing revenue in ITS (EUR mn) ▪ Ability to handle cost side inflation -> 24% quarterly revenue increase (EUR 109 million) +21% +138% ▪ EBIT increase (+ EUR 1 mn) due ability to quicky react on 204 cost increases +24% 169 1.7 ▪ Growing revenue with stab
Slide 11: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn) 2022 2021 Better/(worse) 2022 2021 Better/(worse) Q2 Q2 (%) 6M 6M (%) Revenue 173.2 150.0 15.5% 332.1 292.3 13.6% Direct Costs (1) (136.8) (117.3) (16.6%) (268.2) (229.8) (16.7%) Gross profit (recurring) 36.4 32.6 11.6% 63.
Slide 12: Group Balance Sheet and Cash Flow
Group Balance Sheet and Cash Flow Selected balance sheet items (unaudited IFRS, EUR mn) 30 June 2022 31 Dec 2021 30 June 2021 Total Non-current Assets 311.7 335.2 327.7 Total Current Assets 279.9 180.5 184.3 Total Assets 591.6 515.7 511.9 Total Shareholder's Equity 58.8 68.8 66.4 Total Current Liabi
Slide 13: Effect of FX changes on Waberer's profitability
Effect of FX changes on Waberer’s profitability Segment profitabilities ITS RCL Other • Cca. EUR 100 million FX • Some contracts are currently • Currency of reserves and discrepancy in P&L. Several under renegotiation. Goal is to expected currency of damage cost items (wages, indirect cost, have nat
Slide 14: Thank you for your attention!
Thank you for your attention! WABERER’S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351. Tel: +36 1 421 6300 E-mail: investor.relations@waberers.com
Waberer's International Nyrt. — Q2 2022 Earnings Presentation on 6ix