Mutares Se & Co. Kgaa · XETR:MUX
Mutares Se & Co. Kgaa — FY 2022 Earnings Presentation
24 slides from Mutares Se & Co. Kgaa's earnings presentation, Apr 18, 2023
Slide 1: Conference Call FY 2022
Conference Call FY 2022 18 April 2023 1
Slide 2: Agenda
Agenda Introduction & Key Highlights Company & Business Model Financials Outlook 2
Slide 3: Mutares' Experienced and Highly Committed Management Team
Mutares´ Experienced and Highly Committed Management Team Management team with proven track record and sound sales, finance and operational background Delivering as CEO ROBIN LAIK Shareholder structure promised – the born in 1972, is founder, CEO and underlines management management has main shareho
Slide 4: Key Developments of the Financial Year 2022
Key Developments of the Financial Year 2022 High transaction activity and rising buyside opportunities despite difficult environment Transactions Buy-side Transactions Sell-side Portfolio Development France SBL SAS 1 2 add-ons Capital Market People Growth Group Revenues (EUR) 2 Holding Net Income (E
Slide 5: Mutares Nordics Contributing with Six Transactions in FY 2022
Mutares Nordics Contributing with Six Transactions in FY 2022 Mutares has become a key player for successful corporate carve-outs in the Nordics Nordic market leading provider 2021 ~355 of temperature-controlled logistic services Acquisition Revenues 2 year EURm Offices Leading provider of operation
Slide 6: Agenda
Agenda Introduction & Key Highlights Company & Business Model Financials Outlook 6
Slide 7: Turnaround Hero with Clear Identity and Strong Achievements
Turnaround Hero with Clear Identity and Strong Achievements First in mind and first in choice when it comes to unrivaled private equity carve-outs 2022 2023 2025 EUROPEAN Guidance Target FOCUS EUR ca. EUR Group Revenues EUR 3.8 bn 4.8 – 5.4 bn 7.0 bn THREE DIVERSIFIED EUR EUR SEGMENTS Holding Net In
Slide 8: Unique Value Creation Life Cycle with ROIC Target of 7-10x
Unique Value Creation Life Cycle with ROIC Target of 7-10x Taking calculated risks and turning losses into opportunities, ultimately creating successful turnarounds Value creation steps Harvesting Optimization Realignment Turnaround & profit from a Investing in a successful profitable company Acquis
Slide 9: Mutares Portfolio Has Grown to 26 Companies with Annualized Revenues of over EUR 5 bn
Mutares Portfolio Has Grown to 26 Companies with Annualized Revenues of over EUR 5 bn Well diversified portfolio across three segements ca. EUR ca. EUR ca. EUR 2.2 bn 1.1 bn 1.9 bn Revenues Revenues Revenues Automotive & Mobility Engineering & Technology Goods & Services early-cyclical late-cyclical
Slide 10: Our ESG Approach Will Support our Sustainable Growth
Our ESG Approach Will Support our Sustainable Growth Our ESG performance is measured via our developed ESG KPIs in accordance with the UN SDGs Signatory since 2021 Environment Social Governance 2022 highlight 2022 highlight 2022 highlight 2022 highlight 38% 0 21% 0 of Portfolio women at Mutares repo
Slide 11: Agenda
Agenda Introduction & Key Highlights Company & Business Model Financials Outlook 11
Slide 12: Key Financial Data for Mutares Group and Mutares Holding for FY 2022
Key Financial Data for Mutares Group and Mutares Holding for FY 2022 Group revenues increase by 50% to EUR 3.8 bn, Net Income of Mutares Holding within the expected range mEUR FY 2020 FY 2021 FY 2022 Δ FY 2023e Mutares Group Revenues 1,583.9 2,504.0 3,751.7 1,247.7 4,800 - 5,400 EBITDA 142.7 566.5 1
Slide 13: Segment Financials: Overview
Segment Financials: Overview Numerous challenges in FY 2022 due to external factors but still positive development in H2/2022 mEUR Q1 2022 Q2 2022 Q3 2022 Q4 2022 FY 2022 FY 2021 Automotive & Mobility Revenues 234.1 223.4 250.3 373.8 1,081.6 719.9 Adjusted EBITDA -19.0 -17.5 -11.4 -1.1 -49.0 -20.0 E
Slide 14: Segment Financials: Automotive & Mobility
Segment Financials: Automotive & Mobility Challenging environment in light of industry headwinds Revenue Bridge mEUR Q1 2022 Q2 2022 Q3 2022 Q4 2022 FY 2022 FY 2021 Revenues 234.1 223.4 250.3 373.8 1,081.6 719.9 Comments Cost of material -157.7 -149.0 -165.2 -234.4 -706.3 -446.0 New acquisitions,
Slide 15: Segment Financials: Engineering & Technology
Segment Financials: Engineering & Technology Strong year-end performance for segment Revenue Bridge mEUR Q1 2022 Q2 2022 Q3 2022 Q4 2022 FY 2022 FY 2021 Revenues 243.4 307.8 329.1 295.7 1,176.0 871.9 Comments Cost of material -162.0 -209.9 -233.2 -208.8 -813.9 -613.7 Full-year effect of La Rochett
Slide 16: Segment Financials: Goods & Services
Segment Financials: Goods & Services Broad range of business models with stable performance Revenue Bridge mEUR Q1 2022 Q2 2022 Q3 2022 Q4 2022 FY 2022 FY 2021 Revenues 375.1 371.7 344.3 403.1 1,494.2 912.4 Comments Cost of material -229.2 -220.4 -202.0 -226.7 -878.3 -520.0 Increase in revenues du
Slide 17: Value Creation Life Cycle: Realignment, Optimization and Harvesting
Value Creation Life Cycle: Realignment, Optimization and Harvesting Diversified portfolio along the life cycle stages of the value creation approach Revenues Adj. EBITDA Harvesting 963.9 49.2 817.1 32.3 +5.1% (Adj. EBITDA/ FY 2022 FY 2021 FY 2022 FY 2021 Optimization Revenues) 1,279.7 939.0 -1.8% (A
Slide 18: Value Creation Life Cycle: Realignment, Optimization and Harvesting
Value Creation Life Cycle: Realignment, Optimization and Harvesting Diversified portfolio along the life cycle stages of the value creation approach 963.9 Revenues Adj. EBITDA 49.2 Harvesting 249.7 256.8 14.9 15.1 245.2 212.2 12.9 6.3 Q1 Q2 Q3 Q4 FY 2022 Q1 Q2 Q3 Q4 FY 2022 1,279.7 -23.2 2.9 -5.6 De
Slide 19: Agenda
Agenda Introduction & Key Highlights Company & Business Model Financials Outlook 19
Slide 20: Pipeline Shows Significant Growth Potential on Buyside and Good Start in FY 2023
Pipeline Shows Significant Growth Potential on Buyside and Good Start in FY 2023 Quantity and revenue volume further increased compared to Q4 2022 Buyside Pipeline by Quantity of Deals Buyside Pipeline by Revenue volume of Deals* Current Pipeline: 93 Projects Current Pipeline: EUR 13.3 bn in Revenue
Slide 21: Focus for FY 2023 on Strong Sellside and Realization of Successful Exits
Focus for FY 2023 on Strong Sellside and Realization of Successful Exits Especially harvesting portfolio companies support upside potential for special dividends; Harvesting “new” Mutares Sellside Pipeline with currently 10 projects Strong exit pipeline for FY 2023 Already 4 exits realized Further e
Slide 22: We Deliver What We Promise
We Deliver What We Promise Mutares is the top player when it comes to carve-outs, restructuring and turnaround with ambitious growth targets Revenues Net Income Mutares Group Mutares Holding 2022 EUR 3.8 bn EUR 73 m Helsinki Stockholm 2023 EUR 4.8 – 5.4 bn EUR 92 – 112 m Amsterdam London Warsaw Fran
Slide 23: Q&A
Q&A Thank you for your questions. If you want to ask a question, please register in the contact section in the webcast to receive the telephone dial ins. Please mute yourself on the webcast. 23
Slide 24: Disclaimer
This document has been prepared by Mutares SE & Co. KGaA solely for the use in this presentation. The information contained in this document has not been independently verified. No representation or warranty - whether expressed or implied – is made as to, and no reliance should be placed on, the fai
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