Slide 1: Earnings Release Q1 2024
EARNINGS RELEASE Q1 2024 May 8, 2024
Slide 2: Caravanning Remains a Growth Story
CARAVANNING REMAINS A GROWTH STORY FIRST QUARTER 2024 The German caravanning industry can look back on a good start to the year KNAUS and WEINSBERG continue to rank at the top for new registrations in first three months 2024 Revenue and earnings growth in the first quarter in line with expecta
Slide 3: The Journey Continues - Solid Start to the Year
THE JOURNEY CONTINUES - SOLID START TO THE YEAR First Quarter 2024 REVENUE ADJ. EBITDA & EBITDA MARGIN In EUR mill. In EUR mill. / % of net revenue 100,0 15,0% 90,0 2,2% 13,0% 368,5 376,7 80,0 10,3% 11,0% 70,0 9,0% 60,0 7,3% 8,9% 222,3 50,0 7,0% 40,0 18,5% 38,8 32,7 5,0% 30,0 3,0% 20,0 16,3 1,0% 10,
Slide 4: Product Mix Drives Growth and Earnings
PRODUCT MIX DRIVES GROWTH AND EARNINGS First Quarter 2024 REVENUE BY PRODUCT GROUP UNITS SOLD PRODUCT MIX (Based on units sold) In EUR mill. In units 12% 10% 13% 80,7 7.247 8.305 7,588 20% 18% 72,7 24% 25% 22% 27% 17% 25% 27% 1.481 29% 35% 863 1.651 38% 33% 40% 38,6 1.197 45% 210,8 224,0 2.909 3.012
Slide 5: Segment Performance
SEGEMENT PERFORMANCE In EUR mill. / % of net revenue PREMIUM SEGMENT LUXURY SEGMENT REVENUE EBITDA (reported) REVENUE EBITDA (reported) In EUR mill. In EUR mill. In EUR mill. In EUR mill. 323,1 327,7 31,1 49,0 45,4 26,5 7,0 6,2 190,1 32,2 4,7 11,5 Q1 2022 Q1 2023 Q1 2024 Q1 2022 Q1 2023 Q1 2024 Q1 2
Slide 6: Cash Flow Development Impacted by Working Capital
CASH FLOW DEVELOPMENT IMPACTED BY WORKING CAPITAL FREE CASHFLOW In EUR mill.
Slide 7: Financial KPI's: Equity Ratio and Net Debt Ratio
FINANCIAL KPI’S EQUITY RATIO AND NET DEBT RATIO TOTAL BALANCE SHEET & EQUITY RATIO NET DEBT & NET DEBT RATIO (in EUR mill.) (in EUR mill.) 26,4% 28,2% 29,0% 2,8x 2,0x 2,0x 724,3 682,5 247,0 251,8 557,4 192,8 Dec 31, 2022 Dec 31, 2023 March 31, 2024 Dec 31, 2022 Dec 31, 2023 March 31, 2024
Slide 8: Dividend Proposal & Outlook 2024
DIVIDEND PROPOSAL & OUTLOOK 2024 DIVIDEND PROPOSAL In light of the above, we plan to propose an increase of dividends payments at the Shareholders' Meeting in June 2024. If the Shareholders' Meeting approves the proposal, dividends for 2023 financial year would increase to EUR 2.90 per share OUTLOOK
Slide 9: Welcome to Verzus
W E L C O M E T O VERZUS