Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — Q1 2023 Earnings Presentation
13 slides from Brockhaus Technologies's earnings presentation, May 15, 2023
Slide 1: Elevating Champions
Elevating Champions QUARTERLY STATEMENT Q1 2023 EARNINGS CALL May 15, 2023
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as Technologies does not guarantee that the assumptions underlying the forward-looking statements giving investment advice and does not constitute or form part of, and should not be construed as,
Slide 3: Summary Q1 2023
Summary Q1 2023 Selected group financials Key highlights (€ million) +41% 33.4 Significant top-line growth across all Revenue 23.8 business segments in Q1 2023 and over proportional margin development +70% Group forecast 2023 with revenue between Adjusted 9.6 EBITDA 5.7 € € 165 – 175 million and an
Slide 4: Revenue by quarter
Revenue by quarter 33.7 34.8 +52.3% 25.1 21.7 16.5 Q1 Q2 Q3 Q4 12.0 +14.5% 9.2 8.3 7.2 7.6 Q1 Q2 Q3 Q4 Note: In 2023 revenue is not adjusted for reduced result (€ million) IHSE Bikeleasing Prior-year period 4 from value step up anymore. 2022 figures are adjusted accordingly.
Slide 5: Revenue by region
Revenue by region +52.3% 25,1 16,5 EMEA Americas APAC -5.5% +100.9% 4,1 3,9 3,8 1,9 -49.6% 1,2 0,6 EMEA Americas APAC Note: In 2023 revenue is not adjusted for reduced result (€ million) IHSE Bikeleasing Prior-year period 5 from value step up anymore. 2022 figures are adjusted accordingly.
Slide 6: KPIs by segment
KPIs by segment Reportable Segments Central Functions Financial Technologies Security Technologies BKHT Group and Consolidation [€ thousand] Q1-23 Q1-22 Q1-23 Q1-22 Q1-23 Q1-22 Q1-23 Q1-22 Revenue 25,145 16,512 8,293 7,245 1 1 33,439 23,758 Revenue Growth 52.3% 14.5% 40.7% Gross Profit 14,778 8,220
Slide 7: Very solid balance sheet composition
Very solid balance sheet composition Net debt calculation Highlights (€ million) Available financing capacity ~0.7x driven by significant Net debt / deleveraging allows for adj. EBITDA (LTM) 86.6 future growth through new acquisitions Very conservative leverage ratio of € ~0.7x adj. EBITDA (LTM) 2.3
Slide 8: Bikeleasing - Operational deep dive
Bikeleasing - Operational deep dive Record Q1 for Bikeleasing in terms of all financial and operating KPIs Margin expansion by >7% y-o-y due to the +41% (# bikes facilitated) avoidance of on-balance sheet refinancing ~28k # of facilitated bikes in Q1 ~20k grew by +41% to ~28k # # of corporate custom
Slide 9: IHSE - Operational deep dive
IHSE - Operational deep dive Strongest Q1 since Last pre-Covid start of Covid +14.5% revenue growth in Q1 2023 quarter (incl. a solitary project) especially due to a continued strong 12,0 rebound in Americas 10,3 9,8 9,2 8,8 8,3 EBITDA margin below the previous 7,6 7,4 year period due to increased 6
Slide 10: M&A activity: Selected deal flow
M&A activity: Selected deal flow ENVIRONMENTAL MEDICAL SOFTWARE TECHNOLOGY TECHNOLOGY EBITDA margin: ~50% EBITDA margin: ~58% EBITDA margin: ~25% Source: M&A process Source: M&A process Source: M&A process 10
Slide 11: Group Forecast FY 2023
Group Revenue €165m - €175m (2022: €143m | +16 to +23%) Forecast FY 2023 Adj. EBITDA margin 35% (2022: 33,2%) Well on track building one of Germany’s leading technology Corresponding adj. EBITDA €58m - €61m groups (2022: €50m | +16 to +23%) 11
Slide 12: Happy to answer your questions
Q&A Happy to answer your questions 12
Slide 13: Brockhaus Technologies AG contact details
BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), D
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