Docmorris Ltd · SIX:DOCM

Docmorris — FY2021 Earnings Presentation

30 slides from Docmorris's earnings presentation, Mar 24, 2022

  1. Slide 1: Zur Rose Group

    ZurRKose Group

  2. Slide 2: FY Results 2021

    FY Results 2021 Walter Oberhansli | Marcel Ziwica | Walter Hess 24 March 2022

  3. Slide 3: Today's presenters

    Today’s presenters Walter Oberhansli Founder, Group CEO Zur Rose Group Marcel Ziwica Group CFO FY Results 2021 Walter Hess Head Germany

  4. Slide 4: Introduction

    Introduction Strong strategic progress - eRx delay as lowlight All set for e-prescriptions with the new DocMorris healthcare app 1.3 million downloads New high for DocMorris brand recognition 71% aided awareness Steady revenue Vitalsana and New position of Strategic growth of apo-rot brands CTO emph

  5. Slide 5: Summary FY 2021 Financial Results

    Summary FY 2021 Financial Results

  6. Slide 6: FY 2021 Financial Results

    FY 2021 Financial Results in million CHF +14.8%1 +22.3%1 +19.4%1 +5.7% 2034.02 1761.7 FY 2020 Switzerland Germany Europe FY 2021 external revenue(3) external revenue(3) external revenue(3) Notes: 1 In local currencies | 2 Including eliminations of CHF 6.9 million | 3 Consolidated revenue of the Zur

  7. Slide 7: Group B2C & Marketplace KPIs

    Group B2C & Marketplace KPIs Active customers1 Repeat order rate2 Site visits3 in millions FY 2020 H1 2021 FY 2021 FY 2020 H1 2021 FY 2021 Basket size4 Order frequency5 in EUR Rx OTC 11.7 12.4 10.5 122 117 115 4.2 4.0 3.7 41 40 39 2.1 2.0 2.1 FY 2020 H1 2021 FY 2021 FY 2020 H1 2021 FY 2021 FY 2020 H

  8. Slide 8: Income Statement

    Zur Rose Group Income Statement FY 2021 Margin in % FY 2020 Margin in % in million CHF External revenue 2034.0 1761.7 Consolidated revenue 1726.5 1476.9 Gross profit adj. 263.0 15.2 250.9 17.0 Personnel expenses adj. (143.1) (8.3) (126.8) (8.6) Marketing expenses (118.8) (6.9) (60.6) (4.1) Distribut

  9. Slide 9: Income Statement

    Zur Rose Group Income Statement FY 2020 FY 2021 Adj. Adj. EBITDA EBITDA in million CHF (2.1%) eRx readiness (7.5%) & marketing (31.2) Increased growth expenses Accelerated Tech (34.2) development Rebranding & OTC France New (18.7) businesses (15.3) Other (13.4) (9.9) (6.1) (128.9)

  10. Slide 10: Income Statement

    Zur Rose Group Income Statement FY 2020 FY 2021 EBITDA adjustments Adj. EBITDA adjustments Adj. EBITDA EBITDA in million CHF in million CHF (5.3%) (2.1%) (8.3%) (7.5%) VAT Other1 accrual (31.2) M&A Integration 12.1 13.7 3.5 M&A Integration Other1 (78.4) 17.9 2.2 1.9 (128.9) (142.6) 9.6 Notes: 1 Main

  11. Slide 11: Balance Sheet

    Zur Rose Group Balance Sheet 31 Dec 2021 % 31 Dec 2020 % in million CHF Cash and cash equivalents 277.7 300.6 Receivables 166.5 145.4 Inventories 92.5 92.9 Property, plant & equipment 98.7 96.6 Intangible assets 595.4 604.5 Other assets 38.4 38.5 Total assets 1269.2 1278.5 Financial liabilities 83.8

  12. Slide 12: Strategy Update

    Strategy Update

  13. Slide 13: Digital Health Ecosystem strategy confirmed

    Strategy Update Digital Health Ecosystem strategy confirmed Digital Health Ecosystem Customers‘ preferred digital health destination . Operations Services Brands Best-in-class latte Platiorm Technology platform Profitable Creating added value for growth Patients, customers, partners, shareholders, e

  14. Slide 14: Great talents added to our team

    Strategy Update Great talents added to our team — Matthias Peuckert will join as Head Germany and CEO DocMorris in April 2022 — E-Commerce expert with 14 years of experience with Amazon — CEO of windeln.de from 2018-2022 — Besides technology and E-commerce also digital marketing, data & science and

  15. Slide 15: Keep Best eRx Starting Position

    Keep Best eRx Starting Position

  16. Slide 16: eRx readiness criteria

    eRx 1. 30’000 fully processed eRx 2. 99.9% availability of eRx infrastructure 3. Health insurers eRx ready & no retaxation 4. No severe errors 5. Physician information systems eRx ready 6. Pharmacy information systems eRx ready

  17. Slide 17: eRx market opportunity

    eRx 25% Rx online market OTC EUR 12.3bn3 10% Rx online market Rx EUR 4.9bn 1% Rx online market EUR 0.4bn Notes: 1 Sempora 2020 2 Kantar 2022 3 Assuming constant German Rx market size of EUR 49 bn

  18. Slide 18: eRx vs non-Rx and pRx economics

    eRx non-Rx pRx eRx Basket size Contribution margin after fulfillment costs Fulfillment / operations per order Gross margin Note: 1 As of 23 March 2022

  19. Slide 19: Operational Leverage

    Operational Leverage

  20. Slide 20: Ensuring operational efficiency to capture the eRx opportunity

    Operational Leverage Ensuring operational efficiency to fully capture the eRx opportunity — Management fully committed to reach EBITDA break-even in 2024 — Gross margin increase through category management, services and procurement — Improvement of marketing performance, reduction of operational cos

  21. Slide 21: Go-Live of new distribution center on track

    Operational Leverage Go-Live of new distribution center on track — Go live in Q2 2022 with low risk due to modular set up and extensive testing — Increased will lead to a yearly — Additional capacity of 15 million parcels per year more than doubles capacity in Heerlen Zur Rose Group

  22. Slide 22: Growth Focus DocMorris

    Growth Focus DocMorris

  23. Slide 23: Growth Focus DocMorris: online channel market share

    Growth Focus DocMorris Market share of online channel Size of non-Rx online channel in EURbn 2.5 2.6 2.2 1.9 2018 2019 2020 2021 Existing customer sales New customer sales Sales carry over rate 2019 2020 2021 2022 Source: 1 Insight Health 2022 non-Rx Sales excl. diagnostics in mail-order pharmacies

  24. Slide 24: Focus DocMorris - double digit non-Rx growth

    Growth Focus DocMorris Focus DocMorris — double digit non-Rx growth — Focus on double-digit non-Rx growth with core brand DocMorris — Priority 2022 on customers with Rx potential and higher CLVs to set the base for sustainable growth going forward — Reinforced marketing performance with strengthened

  25. Slide 25: Growth Focus DocMorris

    Growth Focus DocMorris Note: Example screenshot for illustration purposes

  26. Slide 26: Summary: key priorities for 2022

    Summary Our key priorities for 2022 Zur Rose Group FY Results 2021 26

  27. Slide 27: Outlook

    Outlook ‘Zur Rose Group FY Results 2021 27

  28. Slide 28: Outlook: adj. EBITDA development

    Outlook eRx potential adj. EBITDA in million CHF FY 2021 FY 2022 FY 2024 Structural synergies eRx Performance Readiness improvement incl. DC2 (75)-(95) Gross margin eRx DC2 improvement Readiness Marketing (128.9) reduction Gross margin improvement Note: Illustrative, not true to scale

  29. Slide 29: Financial Outlook

    Financial Outlook Financial Outlook We are confident that the German eRx market will ramp up in 2022 and this remains our core growth and profitability driver. As the timing is not yet confirmed we exclude any eRx impact from the outlook for 2022. Zur Rose Group FY Results 2021

  30. Slide 30: Q&A

    Q&A ‘Zur Rose Group FY Results 2021 30

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