Nemetschek Se · XETR:NEM

Nemetschek — Investor Presentation (November 2014)

34 slides from Nemetschek's investor presentation, November 2014

  1. Slide 1: Nemetschek Group – Company Presentation

    Nemetschek Group – Company Presentation November 2014

  2. Slide 2: Agenda

    Agenda Nemetschek Group: In brief Strategy Internationalization Industry mega trends Innovations Financial data 9-month 2014 Nemetschek share Why invest? 2

  3. Slide 3: A success story of more than 50 years

    A success story of more than 50 years 1963 Company founded by Prof. Georg Nemetschek 1968 First use of computers in the building industry 1980 Nemetschek publishes first Computer Aided Engineering Software 1983 Start of internationalization (Austria, Switzerland) 1984 Release of CAD Software „Allpla

  4. Slide 4: Unique DNA

    Unique DNA Positioning Nemetschek Group with 12 strong brands Software solutions, innovations, 5D and BIM for the AEC industry (Architecture, Engineering, Construction) More than 1.8 million users Globally present with more than 40 locations in 142 countries Mission & Vision Our claim: Innovative, c

  5. Slide 5: What makes us so special

    What makes us so special Design Build Manage Multimedia Graphisoft Vectorworks Auer Crem Maxon Brands Scia Frilo Bausoftware DDS Glaser Bluebeam Allplan FY 2013 149.5 mEUR 15.4 mEUR 5.0 mEUR 16.0 mEUR Revenues EBITDA margin 22.1% 36.0% 22.5% 40.7% Nemetschek covers complete value chain in AEC + Mult

  6. Slide 6: A clear fit between Bluebeam and Nemetschek

    A clear fit between Bluebeam and Nemetschek Highlights More than 650,000 customers worldwide Strong growing: Among the 500 fastest growing technology companies in North America (Deloitte) Young and innovative: Leading provider of PDF-based workflow solutions for digital processes and collaboration A

  7. Slide 7: Agenda

    Agenda Nemetschek Group: In brief Strategy Internationalization Industry mega trends Innovations Financial data 9-month 2014 Nemetschek share Why invest? 7

  8. Slide 8: Challenges of the AEC industry

    Challenges of the AEC industry Time and costs are the critical parameters in the building process, e.g. Industry in transition Airport Berlin, Plan: 2012 completion, 1.7bn EUR, Status: 2017 completion, 5.7bn EUR Digitalization far behind other industries Further projects: Elbphilharmonie, San Franci

  9. Slide 9: What drives our growth

    What drives our growth Internationalization Technology trends Innovations  The Americas  BIM  Processes  Asia  5D  Data management  Northern Europe  Cloud  Usability  Eastern Europe  Collaboration  Content  Mobile, Web  Apps  … Major growth markets Strategic areas Focus on customers G

  10. Slide 10: International revenue split

    International revenue split Revenues 2009: 135.6m EUR Revenues 2013: 185.9m EUR Asia/Pacific RoW RoW Asia/Pacific 5% 1% 1% 9% Americas 6% Americas 11% Germany Germany 44% 40% 4 years Europe w/o Germany Europe w/o 44% Germany 39% DACH: Market leading position, solid base, increasing revenues Market p

  11. Slide 11: Internationalization: Regions on the agenda

    Internationalization: Regions on the agenda Strengthening our position in the Americas, Asia, Northern and Eastern Europe Markets with strong growth prospects and increasing demand Leverage via co-operations, acquisitions and early-stage occupation 11

  12. Slide 12: AEC industry in transition

    AEC industry in transition  2D drawings  3D drawings  5D end-to-end  Slow internet  Technologische Fast internet Trends solution  Poor hardware  Powerful hardware  Smart/Mobile/Apps  BIM  Collaboration along the value chain  Cloud computing since 1985 Today Tomorrow 12

  13. Slide 13: Open BIM is one of the growth drivers for AEC

    Open BIM is one of the growth drivers for AEC Open BIM 13

  14. Slide 14: Nemetschek Group focus on Open BIM

    Nemetschek Group focus on Open BIM Open BIM Innovations along the value chain Focus on customer needs 14

  15. Slide 15: Agenda

    Agenda Nemetschek Group: In brief Strategy Financial data 9-month 2014 Nemetschek share Why invest? 15

  16. Slide 16: Continued growth in revenues in the third quarter

    Continued growth in revenues in the third quarter in mEUR +14.3% 153,5 134,2 +16.7% +14.6% +11.9% 51,0 51,3 51,2 44,8 45,8 43,7 Q1 2013 Q1 2014 Q2 2013 Q2 2014 Q3 2013 Q3 2014 9M 2013 9M 2014 Strong home market (+15.8%) International markets also in growth mode (+13.4%) 16

  17. Slide 17: Well-balanced growth of license and service contracts

    Well-balanced growth of license and service contracts % of revenues Consulting & Hardware Software services: 5,1% Up by 14.7% to 73.8 mEUR: Recurring revenues secured Software services 48,1% Software Software licenses: licenses 46,8% Up by 14.3% to 71.8 mEUR: New customers wins and increasing custom

  18. Slide 18: High EBITDA margin

    High EBITDA margin in mEUR +22.1% 38,8 31,8 +22.3% +29.2% +16.0% 13,2 13,2 12,4 11,4 10,8 9,6 Q1 2013 Q1 2014 Q2 2013 Q2 2014 Q3 2013 Q3 2014 9M 2013 9M 2014 Margin 24.6% 25.8% 21.5% 24.2% 25.0% 25.9% 23.7% 25.3% EBITDA increased over proportional compared to revenues despite Bluebeam acquisition co

  19. Slide 19: Strong EPS development

    Strong EPS development in EUR +33.7% 2,32 1,74 +37.2% +40.7% +25.3% 0,78 0,82 0,72 0,57 0,66 0,51 Q1 2013 Q1 2014 Q2 2013 Q2 2014 Q3 2013 Q3 2014 9M 2013 9M 2014 Net result up by 33.7% to 22.3 mEUR, EPS at 2.32 EUR Net result w/o PPA at 24.8 mEUR (+19.0%); EPS w/o PPA at 2.58 EUR 19

  20. Slide 20: Segment overview

    Segment overview in mEUR Design Build Manage Multimedia +17.8% Revenues 126,4 107,3 +5.5% -5.5% 12,0 12,6 11,3 +2.3% 10,7 3,7 3,7 9M 2013 9M 2014 9M 2013 9M 2014 9M 2013 9M 2014 9M 2013 9M 2014 EBITDA 20.9% 24.5% 34.2% 18.7% 21.5% 16.9% 39.4% 41.0% Margin Design segment is growth Project postponemen

  21. Slide 21: Net cash development

    Net cash development Operating cash flow Increased by 27.4% yoy to 36.5 mEUR CapEx 2.5 mEUR as expected and below last year End of activation period of own worked capitalized Free cash flow High at 33.0 mEUR (+32.8%) Dividend payment 12.5 mEUR after AGM in May Net cash 66.0 mEUR (+35.9% compared to

  22. Slide 22: Agenda

    Agenda Nemetschek Group: In brief Strategy Financial data 9-month 2014 Nemetschek share Why invest? 22

  23. Slide 23: Stable shareholder structure

    Stable shareholder structure Founded: in 1963 IPO: March 10, 1999 5.2% Number of shares: 9,625,000 Frankfurt Stock Exchange, Prime Standard Bloomberg: NEM GY, Reuters: NEKG.DE Shares Nemetschek family: 53.57% 46.4% Freefloat: 46.43 percent 48.4% Current MarketCap: ~ 770 mEUR Current TecDAX Ranking:

  24. Slide 24: Dividend payment of 1.30 EUR

    Dividend payment of 1.30 EUR Dividend per share in EUR 1,40 1,20 1,30 Dividend increased by 13% to 1.30 EUR 1,15 1,15 per share 1,00 1,00 In total 12.5 mEUR was paid out to the 0,80 shareholders in May 2014 Since 2009, we paid 49m EUR in total in the 0,60 last 5 years 0,40 0,50 0,20 0,00 2009 2010 2

  25. Slide 25: Share price increase and higher visibility through TecDAX

    Share price increase and higher visibility through TecDAX 85 80 75 70 65 60 55 50 45 01.01.2014 01.02.2014 01.03.2014 01.04.2014 01.05.2014 01.06.2014 01.07.2014 01.08.2014 01.09.2014 01.10.2014 01.11.2014 Nemetschek TecDAX DAX Time Nemetschek TecDAX DAX Year 2012 +29% +18% +25% Year 2013 +52% +38%

  26. Slide 26: Agenda

    Agenda Nemetschek Group: In brief Strategy Financial data 9-month 2014 Nemetschek share Why invest? 26

  27. Slide 27: Investment highlights

    Investment highlights Strategic market • Clear focus on AEC market positioning • Leading in Open BIM solutions and 5D • Strong global brands • Focus on customer needs • Very good reputation at renowned customers Healthy financial • High margin business • Strong cash generation • Healthy balance shee

  28. Slide 28: Outlook 2014 confirmed

    Outlook 2014 confirmed Market conditions • Macroeconomic indicators slowed down • Solid growth in the AEC market worldwide • General trends (BIM, 5D etc.) are growth drivers Growth factors • Acquisition of innovative, strong growing US software provider Bluebeam • Two investments in the promising BI

  29. Slide 29: IR calendar 2014 and contact

    IR calendar 2014 and contact 30/10/2014 Publication Q3 2014 25-26/11/2014 Equity Forum in Frankfurt Contact: Stefanie Zimmermann Investor Relations +49 89 92793 1229 szimmermann@nemetschek.com 29

  30. Slide 30: P+L statement – Q3 / 9-month comparison

    P+L statement – Q3 / 9-month comparison mEUR Q3 2014 Q3 2013 % YoY 9M 2014 9M 2013 % YoY Revenues 51.2 45.8 +11.9% 153.5 134.2 +14.3% Own work capitalized/ other operating income 1.0 0.7 +41.0% 2.7 2.7 -0.5% Operating income 52.2 46.5 +12.3% 156.1 136.9 +14.0% Cost of materials/ purchased services -

  31. Slide 31: Balance sheet – Assets

    Balance sheet – Assets mEUR September 30, 2014 Dec 31, 2013 Assets Cash and cash equivalents 66.0 48.6 Trade receivables, net 21.9 21.9 Other current assets 10.2 9.2 Total current assets 98.1 79.6 Property, plant and equipment 5.4 5.3 Intangible assets 28.6 30.9 Goodwill 61.8 60.1 Other non-current

  32. Slide 32: Balance sheet – Equity and liabilities

    Balance sheet – Equity and liabilities mEUR September 30, 2014 Dec 31, 2013 Equity and liabilities Trade payables & accrued liabilities 19.7 20.1 Deferred revenue 32.6 23.5 Other current liabilities 11.0 10.4 Total current liabilities 63.3 54.0 Deferred tax liabilities 4.1 4.1 Other non-current liab

  33. Slide 33: Cash flow statement

    Cash flow statement September 30, September 30, mEUR % YoY 2014 2013 Cash at beginning of period 48.6 44.3 +9.6% Operating cash flow 36.5 28.7 +27.4% Investing cash flow -3.6 -3.9 -7.2% t/o CapEx -2.5 -3.9 Financing cash flow -16.4 -13.1 25.1% FX-effects 0.9 -0.2 Cash at end of period 66.0 48.7 +21.

  34. Slide 34: Disclaimer

    Disclaimer This presentation contains forward-looking statements based on the beliefs of Nemetschek AG management. Such statements reflect current views of Nemetschek AG with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from thos

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