Slide 1: Results H1 2021
Results H1 2021 DELTICOM Europe's leading online tyre retailer
Slide 2: Agenda: Content of Webcast
AGENDA CONTENT OF WEBCAST 01 02 03 04 Market environment Key financials Update on Outlook 2021 H1 2021 Turnaround Process Delticom AG – Company Presentation
Slide 3: H1 2021: Market Environment
H1 2021: MARKET ENVIRONMENT COVID-19 related restrictions ease due to increasing vaccination levels but business volume known from pre-crisis times not yet reached Tyre sales increase year-on-year in the first half of 2021, but remain well below pre-COVID 19 levels According to ETRMA and WdK,
Slide 4: H1 2021: Revenues Development
H1 2021: REVENUES DEVELOPMENT Revenues (in €m) +6.5% +14.4% +1.6% core business** core business** core business** 249 147 238* 145* 102 93* +9.9% / +1.4% / *Revenues 2020 includes revenues from discontinued +4.7% / operations. Q1 20: 3.5 €m; Q2 20: 0.5 €m. +11 €m +9 €m +2 €m **Growth rate core busin
Slide 5: H1 2021: Gross Margin & Gross Profit Margin
H1 2021: GROSS MARGIN & GROSS PROFIT MARGIN Gross margin simple 22.9 23.7 Gross profit simple 57.0 56.5 (Revenues less COGS; (Revenues less COGS; in % of Revenues) in €m) -0.8 pps. +1.0 % H1 2021 H1 2020 H1 2021 H1 2020 27.7 26.5 73.5 Gross profit margin Gross profit 65.3 (Total income less COGS; (T
Slide 6: H1 2021: EBITDA
H1 2021: EBITDA Reported EBITDA (in €m) H1 2021 H1 2020 Q1 2021 Q1 2020 Q2 2021 Q2 2020 8.0 7.0 1.1 3.8 +9.5 €m +6.4 €m +3.2 €m -1.5 -5.3 EBITDA margin: EBITDA margin EBITDA margin 3.2% (H1/20: - 0.6 %) 1.1% (Q1/20: -5.7 %) 4.7% (Q2/20: 2.6 %) EBITDA for the first half-year turned into positive
Slide 7: H1 2021: EBIT
H1 2021: EBIT EBIT (in €m) H1 2021 H1 2020 Q1 2021 Q1 2020 Q2 2021 Q2 2020 4.4 2.7 + 8.9 €m +6.0 €m +2.9 €m 1.5 -1.7 -6.2 -7.7 -31.6 EBIT margin: EBIT margin: EBIT margin: 1.1 % (H1/20: - 2.6 %) - 1.6 % (Q1/20: - 8.3 %) 3.0 % (Q2/20: - 1.0 %) Positive EBIT after first 6 months Cost savings from
Slide 8: H1 2021: P&L
H1 2021: P&L Unit H1 2021 H1 2020 Revenues growth in core business: +6.5% Revenue €m 249.3 238.0 +4.7% (H1 20 incl. 4 €m Revenue from disc. ops.) H1 21: Positive one-off effects in other Gross profit €m 73.5 65.3 +12.6% operating income included (2.8 €m) Personnel expenses €m 7.0 7.5 -7.2% Terminati
Slide 9: H1 2021: Balance Sheet Assets (Excerpt)
H1 2021: BALANCE SHEET ASSETS (EXCERPT) Unit 30.06.2021 31.12.2020 30.06.2020 Non-current assets €m 118.0 124.0 86.8 Amortization of rights of use according to Fixed assets €m 93.0 99.4 72.8 IFRS 16 during reporting period Other assets €m 25.0 24.6 14.0 Current assets €m 121.0 75.8 89.9 Stockpiling
Slide 10: H1 2021: Balance Sheet Equity & Liabilities (Excerpt)
H1 2021: BALANCE SHEET EQUITY & LIABILITIES (EXCERPT) Unit 30.06.2021 31.12.2020 30.06.2020 +16.3 €m resulting from successful capital Equity €m 32.2 14.8 2.4 increases in the reporting period Unit 30.06.2021 31.12.2020 30.06.2020 Liabilities €m 206.8 185.0 173.9 Repayment of IFRS 16 lease obligatio
Slide 11: H1 2021: Free Cashflow
H1 2021: FREE CASHFLOW Free Cashflow H1 2020 (€m) Cashflow from Cashflow from Cashflow from Cashflow from operating activities investing activities Free Cashflow operating activities investing activities Free Cashflow 0.2 6.9 6.0 -0.9 -15.6 -15.4 Free Cashflow H1 2021 (€m) Negative operating cashf
Slide 12: Refocusing on Core Business: Update on Turnaround Process
REFOCUSING ON CORE BUSINESS: UPDATE ON TURNAROUND PROCESS Refocusing on core business in Europe: Continuation of US-business, profitable growth Non-core businesses stopped opportunities Financing: Financing secured until end of 2021 Follow-up financing under way in close exchange with banks Financin
Slide 13: Successful Capital Increases in June: Strengthening the Company's Equity
SUCCESSFUL CAPITAL INCREASES IN JUNE: STRENGTHENING THE COMPANY'S EQUITY Capital increase without subscription rights on June 2, 2021 and Capital increase with subscription rights on June 24, 2021: Issue of 1,246,333 + 1,121,697 new no-par value registered shares at a placement price of EUR 7.12
Slide 14: Current Shareholder Structure
CURRENT SHAREHOLDER STRUCTURE Prüfer GmbH; 29.9% 14,831,361 Shares Free Float; 54.0% Binder GmbH; 14.4% Other Board Members; 1.7% Delticom AG – Company Presentation 14
Slide 15: Agreement on Follow-up Financing Well on Track
AGREEMENT ON FOLLOW-UP FINANCING WELL ON TRACK Constructive dialogue between management and future financing partners Cash inflow from the successful capital increases helps to further reduce credit lines Likewise the positive operational development, the optimized working capital management a
Slide 16: Outlook FY2021: Sales and EBITDA Guidance
OUTLOOK FY2021: SALES AND EBITDA GUIDANCE € 550 – 590 m € 16 – 20 m* *Including restructuring costs of about € 5 m in 2021 Sales 2021e EBITDA (reported) 2021e ➔ Further increase in e-commerce penetration expected in replacement tyre business ➔ lower end of revenues guidance needs a moderate growth i
Slide 17: Q&A
Q&A A firm grip on the road to success 17