Knaus Tabbert Ag · XETR:KTA
Knaus Tabbert — Q1 2022 Earnings Presentation
12 slides from Knaus Tabbert's earnings presentation, May 11, 2022
Slide 1: Investor Presentation Earnings Release Q1 2022
Investor Presentation Earnings Release Q1 2022 May 11, 2022
Slide 2: Key Facts Q1 2022
KEY FACTS Q1 2022 Changed purchasing strategy for chassis shows first positive effects Flexible production network enables significant increase in production rates for caravans Planned headcount build-up (plus 600 people yoy) to increase capacity in the second half of the year temporarily impa
Slide 3: First positive effects of the changed purchasing policy for chassis
First positive effects of the changed purchasing policy for chassis - A balanced procurement and supply chain management is of particular importance for the production process. - In order to ease the procurement situation in the chassis area compared to 2021, chassis from Mercedes will also be used
Slide 4: A complementary and focused brand strategy secures market share in challenging times
A complementary and focused brand strategy secures market share in challenging times Motorized LV - Europe Caravans - Europe 7,7 % 14,3 % 13,5 % 6,1 % 8,2 % 3,6 % 3,4 % 7,1 % 6,9 % 3,2 % 3,1 % 3,1 % 3,0 % 6,2 % 2,7 % 2,6 % 4,8 % 3,6 % 2,6 % 2,4 % Motorized LV - Germany Caravans - Germany 23,9 % 10,2
Slide 5: Order Backlog
ORDER BACKLOG Momentum continues at a strong level ORDER BACKLOG AS OF MARCH 31, 2022 (in EUR mill.) - The high demand for recreational vehicles 1.392 continued in 2022 with increased momentum. 1.306 1.274 1.183 ORDER INTAKE (units) 7.171 5.921 3.126 656 640 624 411 395 417 Q1 2020 Q1 2021 Q1 2022 2
Slide 6: Financials
—__ Knaus labbert FINANCIALS
Slide 7: Key Facts Q1 2022
KEY FACTS Q1 2022 EUR 863 million EUR 61 million EUR 222 million EUR 16 million Net revenue Adj. EBITDA Net revenue Adj. EBITDA +8.6 % compared to FY 2020 -10.7% compared to FY 2020 7.0 % EUR 1.50 7.3 % Adj. EBITDA margin DividendProposal Dividend Proposalfor for FY2021 2021 Adj. EBITDA margin Compa
Slide 8: Q1 2022 - Key Figures
Q1 2022 - KEY FIGURES in EUR mill. FISCAL YEAR Q1 2021 Q1 2022 Change Net revenue 238,9 222,3 –7,0 % Premium 203,8 190,1 –6,7 % Luxury 35,1 32,2 –8,3 % Gross revenue 250,3 212,1 –15,3 % Adj. EBITDA 28,1 16,2 –42,4% Adj. EBITDA margin 11,8 % 7,3 % EBITDA 27,6 16,2 –41,5 % Equity ratio 44,3 % 34,3 %
Slide 9: Revenue Breakdown
REVENUE BREAKDOWN Shift towards caravans - utilisation was the driver REVENUE PER BUSINESS SEGMENT REVENUE PER PRODUCT CATEGORY 9.000,00 UNITS PER PRODUCT CATEGORY (in EUR mill.) (in EUR mill.) (in units) 250 8.000,00 2,4 35,1 7,9 7,3 7.000,00 863 29,0 32,2 200 68,6 38,6 1.335 1.735 46,9 6.000,00 1.
Slide 10: Financial Position
FINANCIAL POSITION Stressed supply chains led to significant inventory build-up OPERATING CASH FLOW NET DEBT DEVELOPMENT (in EUR mill.) (in EUR mill.) 50 1,6 0,3 2,0 Net debt / EBITDA 45 40 103,4 23,7 98,2 Net debt 35 10,5 17,4 9,5 30 -25,7 25 -8,5 20 36,5 -103,6 -102,0 15 27,5 26,4 10 5 0 -9,3 -13,
Slide 11: Outlook
—__ Knaus labbert OUTLOOK
Slide 12: Outlook 2022
Outlook 2022 Risks exist but the opportunities are high Based on the order backlog of EUR 1.3 billion and the expected positive effects of the changed purchasing strategy for chassis, Management expects significant revenue growth before price increase effects. Price increases towards the dealers