Slide 1: Q1 2021 Results – IR Conference Call
Q1 2021 RESULTS IR Conference Call May 12, 2021
Slide 2: Agenda
Agenda Highlights Financials Outlook 2
Slide 3: First quarter 2021 ends with another increase in order book and key financial indicators
First quarter 2021 ends with another increase in the order book and key financial indicators EUR 239 million EUR 28 million Net revenue Adj. EBITDA +9.2% compared to Q1 2020 +21.8% compared to Q1 2020 11.8% 27.6 % Adj. EBITDA margin Return on Capital Employed Compared to 10.5% in Q1 2020 Compared to
Slide 4: Record order backlog driven by sustainable high demand
Record order backlog driven by sustainable high demand Order Backlog as of March 31, Order Backlog as of March 31, in number of units in EUR million 103,9% 103,3% 18.860 624 640 395 9.249 307 2020 2021 2020 2021 4
Slide 5: We will foster our digital business model - 25% direct bookings
We will foster our digital business model - 25 % direct bookings via www.rentandtravel.de or the RENT AND TRAVEL APP Seasonal order Intake as of March 31, Split by vehicle type for bookings 2021 in number of bookings Based received bookings as of March 31, 2021 19.6% 11% 24% Caravans 6.624 Motorhome
Slide 6: We support our dealers with a wide-reaching multimedia campaign in 2021
We support our dealers with a wide-reaching multimedia campaign in 2021 It is the right time to give prospective customers this missing orientation Compensate for cancelled trade fairs and trade fair promotions Vaccination campaign now picking up speed and the need for freedom and vacation conti
Slide 7: Agenda
Agenda Highlights Financials Outlook 7
Slide 8: All key figures improved in Q1 2021
All key figures improved in Q1 2021 in EUR m January 1 – March 31 2020 2021 Net revenue 218,8 238,9 9,2% Premium 189,8 203,8 7,4% Luxury 29,0 35,1 21,0% Total output 220,9 250,3 13.3% Adj. EBITDA1) 23,1 28,1 21,8% Adj. EBITDA margin 10,5 11,8% 1,3 pp EBITDA 22,9 27,6 20,5% Equity ratio 43,3%2) 44.3%
Slide 9: The high demand and increased capacity utilisation continued in the first quarter of 2021
The high demand and increased capacity utilisation continued in the first quarter of 2021 Revenue per Revenue split per Units per product segment product category category (EUR m) (EUR m) 218.8 238.9 218.8 238.9 6,853 7,088 2,4 35,1 7,9 29,0 68,6 1.335 1.735 46,9 1.898 1.779 104,3 108,2 203,9 189,8
Slide 10: Profitability on track - EBITDA improved disproportionately in the first quarter 2021
Profitability on track - EBITDA improved disproportionately in the first quarter 2021 Adj. EBITDA1) and margin evolution Gross Profit2) and margin (EUR m) (EUR m) 10.5% 11.8% 32,3% 32,5% 9,6% 21.8% 28,1 77,6 70,8 23,1 Q1 2020 Q1 2021 Q1 2020 Q1 2021 1) ) Adjustments in Q1 2021 for extraordinary expe
Slide 11: Reduced Working Capital boosts Cash Flow from Operations
Reduced Working Capital boosts Cash Flow from Operations Operating Cash Flow Net debt development (EUR m) (EUR m) 103.4 23.7 9,5 10,5 -10,6 -4,8 32.7% -20,8 -8,5 -93,0 Ratio 0.3 36,5 27,5 -9,3 Q1 2020 Q1 2021 Ratio 1.6 Q1 2020 Q1 2021 Non-current financial debt Current financial debt Other financial
Slide 12: To take advantage of the positive market trend, we invest in capacity expansion
To take advantage of the positive market trend, we invest in the capacity expansion at our sites In total, we will invest more than EUR 65 million in 2021, of which around EUR 50 million will be used to expand the Group's production capacities. Lightweight Automation Innoline construction JANDELSBRU
Slide 13: Communication strategy established to improve shareholder perception
Communication strategy established to improve shareholder perception TOP Priorities improve shareholders perception Strong increase in trading volume in April 2021 Monthly trading volume 2021 (in shares) INCREASE USE OF TARGETING RESEARCH SOCIAL MEDIA INVESTORS COVERAGE 129 % 132.600 ENTERING NEW RE
Slide 14: Agenda
Agenda Highlights Financials Outlook 14
Slide 15: Why invest in Knaus Tabbert?
Why invest in Knaus Tabbert? Attractive market with ~ 8 % growth (CAGR ’20 -’25) in newly- ATTRACTIVE MARKET registered motor caravans in Europe supported by change in OPPORTUNITY consumer behavior STRONG MARKET Top 3 European leisure vehicle producer1 well positioned to gain POSITION further market
Slide 16: Outlook 2021 confirmed
Outlook 2021 confirmed Updated medium-term market expectation of the CIVD1) (Forecast 2020 -2025) is significantly higher than the assumptions at the time of the IPO Sales expected to rise 20-22 percent in 2021 (2020: EUR 795 million) Adj. EBITDA Margin expected to be at around the prior-year level
Slide 17: Disclaimer
Disclaimer This presentation and the information contained herein are for information purposes only and should not be treated as investment advice or recommendation. It is not, and nothing in it should be construed as an offer for sale, or as a solicitation of an offer to purchase or subscribe to, a