Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q3 2023 Earnings Presentation
15 slides from Waberer's International Nyrt's earnings presentation, Nov 8, 2023
Slide 1: Q3 2023 Results Presentation
Q3 2023 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 08 Nov 2023
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, commercial update, expansion update | Group & segment level financials & expectations for 2023 |3
Slide 4: Key messages
Key messages I. 9 months EBIT outperformed 2022 annual, 12-month result (EUR 33.4 million) – RCL & Insurance segments drive the EBIT performance II. Quarterly EBIT reached EUR 8.0 million - EUR 1.8 million Y-oY decrease due to decreasing market demand in international transportation business III. Fi
Slide 5: Trend of financial performance on quarterly basis
Trend of financial performance on quarterly basis Group recurring EBIT (EUR mn) -18% 14.3 10.3 11.2 9.7 8.8 7.7 8.3 8.0 6.6 3.5 4.5 4.6 0.1 1.2 -2.7 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Group net indebtedness & leverage (EUR mn) Net leverage ratio
Slide 6: Commercial & operational update of logistics related segments
Commercial & operational update of logistics related segmens ITS segment • Concentrated factory closures at Key Account customers during summer holiday season • Decreasing overall market demand on European level • Increasing price pressure driven by smaller operators • Decreasing volumes on spot mar
Slide 7: Strategic step to Serbia – Acquisition of MD International (55%)
Strategic step to Serbia – Acquisition of MD International (55%) • Strategic goal to become the dominant supply chain logistics Financials (EUR m) service provider on regional level Revenue EBIT • Priority countries are Serbia, Slovakia, Poland, Croatia & 47 50 Romania 45 2.1 1.3 1.5 • First step in
Slide 8: Strategic step to multimodal transportation – DD of Petrolsped (51%)
Strategic step to multimodal transportation – DD of Petrolsped (51%) • Strategic goal to diversify our service portfolio & expand in the Financials* (EUR m) direction of low carbon footprint services • 51% share acquisition (including capital increase) in Petrolsped • Finalization of DD in Nov ’23,
Slide 9: Agenda
Agenda | Performance on Group level, actual corporate governance structure, commercial update | Group & segment level financials & expectations for 2023 |9
Slide 10: Group Results
Group Results Group Revenue (EUR mn) • Consolidated revenue • Group level quarterly revenue is in line with Q3 2022. +4% • 9M cumulative revenue increase reached 4% as all the business segments increased their revenue 507 527 • Group recurring EBIT 0% • Reached EUR 8mn, a 18% decrease compared to Q3
Slide 11: Segment results
Segment results ITS ▪ ITS (EUR mn) ▪ Slight quarterly revenue decrease due to decreasing fuel prices +3% +62% ▪ EUR 2.0 mn EBIT increase on 9M cumulative basis -135% -4% 314 324 5.2 ▪ RCL 3.5 3.2 ▪ +3% revenue increase and +25% EBIT increase on a 110 105 cumulative basis ▪ Well-balance client portfo
Slide 12: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn) Better Better 2023 2022 2023 2022 (w orse) (w orse) Q3 Q3 (%) 9M 9M (%) Revenue 174.6 174.6 (0.0%) 527.2 506.7 4.0% Direct costs (157.2) (150.4) (4.6%) (458.6) (441.8) (3.8%) of w hich: depreciation and amortisation (13.5)
Slide 13: Group Balance Sheet and Cash Flow
Group Balance Sheet and Cash Flow Selected balance sheet items (unaudited IFRS, EUR mn) 30 September 30 September 2023 2022 Total Non-current Assets 421.8 292.3 Total Current Assets 262.0 289.4 Total Assets 683.8 581.6 Total Shareholder's Equity 141.7 57.9 Total Current Liabilities 204.8 197.2 Total
Slide 14: Updated guidance for 2023
Updated guidence for 2023 Annual trend of consolidated EBIT (EUR mn) 20+ % 40+ 33.3 2022 ITS RCL Insurance 2023 • Annual EBIT forecast in line with previous communications • More challenging environment in the ITS segment due to overall market conditions • Stable & material growth in the RCL & Insur
Slide 15: 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
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