Colt Cz Group Se · PSECZ:COLT
Colt Cz — Q1 2022 Earnings Presentation
20 slides from Colt Cz's earnings presentation, 2022
Slide 1: Colt CZ Group SE Financial Results Q1 2022
COLT CZ GROUP SE FINANCIAL RESULTS Q1 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 Q1 2022 AT A GLANCE JAN DRAHOTA Chairman of the Board of Directors CEO of Colt CZ Group SE 2 FINANCIAL HIGHLIGHTS JAN ZAJÍC 3 APPENDIX Member of the Board of Directors CEO of Česká zbrojovka a.s. DAVID AGUILAR Member of the Board of Directors Chairma
Slide 4: Q1 2022 at a Glance
Q1 2022 AT A GLANCE REVENUES EBITDA CZK 3,554M CZK 955M ↑ 75% vs Q1 2021 ↑120% vs Q1 2021 ADJUSTED NET PROFIT1 ADJUSTED EPS1 CZK 632M CZK 18.5 ↑ 129% vs Q1 2021 ↑ 125% vs Q1 2021 Notes: 1 – Adjusted financials to be explained further in the presentation
Slide 5: Colt Sales Fully Consolidated for the First Time
COLT SALES FULLY CONSOLIDATED FOR THE FIRST TIME REVENUE BREAKDOWN1 BY GEOGRAPHY COMMENTS % Colt financials are fully YTD consolidated for the first 8.9% Africa time, resulting +59% of revenue yoy increase (in 0.4% absolute terms) in the USA region 2.4% Others 2.5% Growth of revenues in the Czech Re
Slide 6: Q1 2022 Revenues & EBITDA Guidance Confirmed Despite Challenging Environment
Q1 2022 REVENUES & EBITDA GUIDANCE CONFIRMED DESPITE CHALLENGING ENVIRONMENT REVENUES EBITDA1 CZKm CZKm/% Guidance3 Guidance3 14,400 – 14,800 26.9% 3,000 – 3,300 7,000 2,000 27.0% +75% 21.3% 21.9% 6,000 5,000 +120% 4,000 3,554 3,437 955 1,000 3,000 754 1,403 2,034 2,000 320 434 2,034 1,000 434 0 0 -
Slide 7: Group Achieved Record High Earnings Per Share
GROUP ACHIEVED RECORD HIGH EARNINGS PER SHARE ADJUSTED NET PROFIT COMMENTS CZKm Year on year growth of net profit driven mainly by the +129% 1,000 full consolidation of Colt in Q1 2022 632 87 Adjustments1 are related to the revaluation of earnout 276 545 (including tax consideration) 0 Q1 2021 Q1 20
Slide 8: Capex to Gradually Roll Out, in Line with the Guidance
CAPEX TO GRADUALLY ROLL OUT, IN LINE WITH THE GUIDANCE OPERATING CASH FLOW CAPITAL EXPENDITURES CZKm/% CZKm/% 1150 3,000 80.0% 150.0% 109.5% 105.8% Guidance1 950 4.6% 4.8% 6.1% 3.6% ≤5,0% 2,500 100.0% 54.0% 37.7% 50.0% 720 - 740 1,906 2 750 2,000 652 1,588 0.0% 1,500 550 -110.0% -50.0% 1,000 331 350
Slide 9: Group to Keep Fairly Conservative Debt Profile
GROUP TO KEEP FAIRLY CONSERVATIVE DEBT PROFILE DEBT STRUCTURE DEBT MATURITY PROFILE 8000 CZKm 63 51 CZKm 6Y@ 6M PRIBOR + 7000 180bps 6000 Bank loans & lease payables 5000 5,000 NEW BOND ISSUE 5,000 5,000 7Y@ 6M PRIBOR + 4000 Bonds (related to Colt 140bps 3000 37 20 acquision financing) 1,998 2000 Bo
Slide 10: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION iy J j TA ff ‘ / COLT CZGROUP
Slide 11: Appendix
APPENDIX COLT CZGROUP
Slide 12: Adjusted Net Profit Reconciliation
ADJUSTED NET PROFIT RECONCILIATION In CZK ‘000 Q1 2022 Earnings before tax 726,922 Tax expenses (182,192) Net income 544,730 Earn-out related costs1 (116,286) Adjusted earnings before tax (Adj. EBT) 843,208 Effective tax rate on Adj. EBT (~25.06%) (211,308) Adjusted Net Income 631,900 12 Notes: 1 –
Slide 13: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT In ‘000 CZK 31 Mar 2022 31 Mar 2021 Revenues from the sale of own products, goods and services 3,553,557 2,033,760 Other operating income 15,300 11,282 Change in inventories developed internally 428,063 (50,072) Own work capitalized 52,343 22,839 Raw materials
Slide 14: Consolidated Balance Sheet 1/2
CONSOLIDATED BALANCE SHEET 1/2 In ‘000 CZK 31 Mar 2022 31 Dec 2021 ASSETS Non-current assets Intangible assets 3,409,140 3,505,464 Goodwill 2,390,127 2,390,127 Property, plant and equipment 2,834,297 2,810,115 Equity-accounted securities and investments 145,368 109,445 Provided loans - - Financial d
Slide 15: Consolidated Balance Sheet 2/2
CONSOLIDATED BALANCE SHEET 2/2 In ‘000 CZK 31 Mar 2022 31 Dec 2021 EQUITY AND LIABILITIES Capital and reserves Share capital 3,374 3,374 Share premium 1,139,211 1,139,211 Capital funds 1,641,512 1,641,512 Cash flow hedge reserve 520,849 119,983 Foreign exchange translation reserve (182,174) (201,398
Slide 16: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT In ‘000 CZK 31 Mar 2022 31 Mar 2021 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 726,922 361,602 Depreciation/amortization of non-current assets 205,445 99,096 Change in allowances and provisions 11,544 34,
Slide 17: Colt CZ Group Structure
COLT CZ GROUP STRUCTURE 100% 100% 77.22% CZ-US HOLDINGS Inc. 22.78% EHC-4M, SE Česká zbrojovka Partners SE USA Free float Czech Republic Czech Republic 100% Colt CZ Group SE 100% 100% 100% 100% Czech Republic CZ-USA CZ MFG, Colt Holding Company 4M SYSTEMS a.s. Inc. Inc. LLC1 Czech USA USA USA Republ
Slide 18: 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 19: 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 20: Thank You
THANK YOU Colt CZ Group SE Opletalova 1284/37 110 00 Prague 1, Czech Republic www.coltczgroup.com info@coltczgroup.com