Slide 1: Colt CZ Group SE Financial Results 6M 2022
COLT CZ GROUP SE FINANCIAL RESULTS 6M 2022 INVESTOR PRESENTATION
Slide 2: Legal Disclaimer
LEGAL DISCLAMER IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING • This presentation (the “Presentation”) has been prepared by Colt CZ Group SE, with its registered office at Opletalova 1284/37, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the Commercial Regis
Slide 3: Agenda and Today's Presenters
AGENDA AND TODAY'S PRESENTERS AGENDA PRESENTERS 1 6M 2022 AT A GLANCE JAN DRAHOTA Chairman of the Board of Directors CEO of Colt CZ Group SE 2 FINANCIAL HIGHLIGHTS 3 M&A UPDATE JAN ZAJÍC Member of the Board of Directors CEO of Česká zbrojovka a.s. 4 OTHER EVENTS 5 APPENDIX 3
Slide 4: 6M 2022 at a Glance
6M 2022 AT A GLANCE REVENUES ADJUSTED EBITDA CZK 7,049M CZK 1,795M ↑ 49% vs 6M 2021 ↑49% vs 6M 2021 ADJUSTED NET PROFIT ADJUSTED EPS CZK 1,183M CZK 34.9 ↑ 44% vs 6M 2021 ↑ 44% vs 6M 2021 Notes: Adjusted financials to be explained further in the presentation
Slide 5: 6M 2022 Commercial Performance – Detailed View
6M 2022 COMMERCIAL PERFORMANCE – DETAILED VIEW REVENUE BREAKDOWN1 BY GEOGRAPHY COMMENTS % As a result of improved product mix, revenues have 10.5% Africa outpaced the number of pieces sold 0.5% 4.0% Others 3.0% 2.9% Czech Republic 8.2% 3.3% Canada 7.1% BREAKDOWN BY UNITS SOLD Europe (excl. Czech Rep
Slide 6: EBITDA Guidance Confirmed Despite Challenging Environment
EBITDA GUIDANCE CONFIRMED DESPITE CHALLENGING ENVIRONMENT REVENUES ADJUSTED EBITDA1 CZKm CZKm/% Guidance2 14,000 – 14,600 25.5% 11,000 (14,400 – 14,800)3 4,000 25.5% 27.0% 10,000 +49% Guidance2 9,000 3,000 – 3,300 8,000 3,000 7,049 +49% 7,000 6,000 2,000 1,795 5,000 4,729 70 4,000 1,725 1,204 3,000
Slide 7: Robust EPS Growth
ROBUST EPS GROWTH ADJUSTED NET PROFIT2 COMMENTS CZKm Adjustments1 in 6M 2022 result are related to the +44% 2,000 revaluation of earnout (including tax consideration), 1,183 ESOP implementation costs and advisory costs related 1,000 820 78 to the unrealised M&A project 232 1,105 588 0 6M 2021 6M 202
Slide 8: Capex to Further Roll Out & in Line with the Full Year Guidance
CAPEX TO FURTHER ROLL OUT & IN LINE WITH THE FULL YEAR GUIDANCE OPERATING CASH FLOW CAPITAL EXPENDITURES CZKm/% CZKm/% 1150 3,000 80.0% 150.0% 109.5% Guidance1 950 84.6% 4.6% 4.8% 5.9% 3.6% ≤5,0% 2,500 100.0% 60.9% 37.7% 50.0% 700 - 730 750 2,000 633 1,588 1,523 0.0% 1,500 550 -110.0% -50.0% 1,050 1
Slide 9: Debt Profile
DEBT PROFILE DEBT STRUCTURE DEBT MATURITY PROFILE 8000 CZKm 63 47 CZKm 6Y@ 6M PRIBOR + 7000 180bps 6000 5000 Bank loans & lease payables 5,000 5,000 5,000 7Y@ 6M PRIBOR + 4000 140bps 2027 bonds 3000 37 20 1,998 2000 2029 bonds 1000 2,250 2,250 2,250 1,998 0 0 0 0 0 FY 2019 FY 2020 FY 2021 6M 2022 20
Slide 10: Colt CZ to Become Sole Shareholder of Spuhr i Dalby AB
COLT CZ TO BECOME SOLE SHAREHOLDER OF SPUHR I DALBY AB SELECTED COMPANY INFORMATION SPUHR I DALBY REVENUES USDm Based in Sweden CAGR ~28% Manufactures most advanced optical mounting solutions and firearms 9.4 upgrades Employs 21 full-time employees 7.7 Serving customer base in 30 countries 6.3 SELEC
Slide 11: 6M 2022 Relevant Information
6M 2022 RELEVANT INFORMATION DIVIDEND PART OF COLT EMPLOYEE STOCK ENERGY COSTS2 PAID EARNOUT PAID OUT OPTION PLAN1 As approved on General On 30/05/2022 Group has According to the IFRS Based on the current CZUB meeting, COLT CZ has on increased registered classification, Group has energy hedges and l
Slide 12: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION iy / j VA ff ( / COLT CZGROUP
Slide 13: Appendix
APPENDIX COLT CZGROUP
Slide 14: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION In CZK ‘000 6M 2022 6M 2021 Operating profit 1,303,619 712,205 Depreciation and amortization 421,584 271,933 EBITDA 1,725,203 984,138 ESOP related costs 33,780 - ESOP related provisions for health insurance 2,293 - M&A costs1 33,455 177,103 Depreciation of wasting asse
Slide 15: Adjusted Net Profit Reconciliation
ADJUSTED NET PROFIT RECONCILIATION In CZK ‘000 6M 2022 6M 2021 Earnings before tax 1,392,797 748,994 Tax expenses (288,092) (161,079) Net income 1,104,705 587,915 Earn-out related costs1 28,856 43,943 ESOP related costs 33,780 - ESOP related provisions for health insurance 2,293 - M&A costs2 33,455
Slide 16: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT In ‘000 CZK 30 Jun 2022 30 Jun 2021 Revenues from the sale of own products, goods and services 7,049,170 4,728,737 Other operating income 36,851 26,376 Change in inventories developed internally 972,245 (38,555) Own work capitalized 96,972 65,849 Raw materials
Slide 17: Consolidated Balance Sheet 1/2
CONSOLIDATED BALANCE SHEET 1/2 In ‘000 CZK 30 Jun 2022 31 Dec 2021 ASSETS Non-current assets Intangible assets 3,507,336 3,505,464 Goodwill 2,390,127 2,390,127 Property, plant and equipment 2,910,429 2,810,115 Equity-accounted securities and investments 97,618 109,445 Financial derivatives 289,050 1
Slide 18: Consolidated Balance Sheet 2/2
CONSOLIDATED BALANCE SHEET 2/2 In ‘000 CZK 30 Jun 2022 31 Dec 2021 EQUITY AND LIABILITIES Capital and reserves Share capital 3,410 3,374 Own shares (227,211) - Share premium 1,366,386 1,139,211 Capital funds 1,641,512 1,641,512 Cash flow hedge reserve 233,047 119,983 Foreign exchange translation res
Slide 19: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT In ‘000 CZK 30 Jun 2022 30 Jun 2021 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 1,392,797 741,203 Depreciation/amortization of non-current assets 421,584 271,933 Change in allowances and provisions (2,160)
Slide 20: Colt CZ Group Structure
COLT CZ GROUP STRUCTURE 100% 100% 76.51% Colt CZ Group North 23.49% EHC-4M, SE Česká zbrojovka Partners SE America, Inc. Free float Czech Republic Czech Republic USA 100% Colt CZ Group SE 100% 100% 100% Czech Republic CZ-USA Colt Holding Company 4M SYSTEMS a.s. Inc. LLC1 Czech USA USA Republic 100%
Slide 21: Colt CZ Group Leadership: Board of Directors
COLT CZ GROUP LEADERSHIP: BOARD OF DIRECTORS JAN DRAHOTA JAN ZAJÍC Chairman of the Board of Directors Member of the Board of Directors CEO of Colt CZ Group CEO of Česká zbrojovka With the Group since 2014 More than 15 years of experience in managerial positions in industrial companies in the Czech R
Slide 22: Colt CZ Group Leadership
COLT CZ GROUP LEADERSHIP Colt CZ Group Supervisory Board: North America Leadership: LUBOMÍR KOVAŘÍK GENERAL (Ret.) GEORGE CASEY Chairman of the Supervisory Board Member of the Board of Directors, CZ-US Holdings Former President of the Group in 2018-2021 Former US Army Chief of Staff from 2007 to 201
Slide 23: Thank You
THANK YOU Colt CZ Group SE Opletalova 1284/37 110 00 Prague 1, Czech Republic www.coltczgroup.com info@coltczgroup.com