Slide 1: Earnings Release Q2 2023
EARNINGS RELEASE Q2 2023 August 10, 2023
Slide 2: Highlights Q2 2023
HIGHLIGHTS Q2 - 2023 Quarterly figures impressively confirm our strategy Orderbook remains high with EUR 1.2 bn EUR 385.7 mill. Net revenue Strengthened our position as a European premium player in leisure vehicles Medium-term planning (2023 – 2027) as part of the Capital Markets Day present
Slide 3: Higher share of mobile homes and camper vans – premium segment chassis strategy
HIGHER SHARE OF MOBILE HOMES AND CAMPER VANS PREMIUM SEGMENT - CHASSIS STRATEGY INCREASED SHARES OF NEW CHASSIS CHANGE IN PRODUCT MIX 49% 10% 13% Stellantis 20% 18% 74% 24% 25% 21% 27% VW 29% 35% 38% 18% MAN 22% 7% 65% Mercedes 60% 4% 51% 47% 38% 5% Ford June 30, 2023 June 30, 2022 Q2 2022 Q3 2022 Q
Slide 4: Customer satisfaction and delivery times – orderbook remains at high levels
CUSTOMER SATISFACTION AND DELIVERY TIMES ORDERBOOK REMAINS AT HIGH LEVELS ODER BACKLOG Normalization of order backlog through In EUR mill. 1.581 increased capacity and chassis strategy 1.392 1.383 1.342 1.306 1.274 1.212 Shorter delivery times lead to higher 1.183 1.168 customer satisfaction E
Slide 5: Top positioned in the registration statistics – market share
TOP POSITIONED IN THE REGISTRATION STATISTICS MARKET SHARE DATA END OF JUNE 2023 SOURCE: WWW.CIVD.DE EUROPE GERMANY EUROPE GERMANY #3 #3 #7 #5 10 % marketshare 12 % marketshare 7 % marketshare 8 % marketshare CARAVANS #1 #1 #5 #2 17 % marketshare 19 % marketshare 5 % marketshare 10 % marketshare MOB
Slide 6: Financials
———— Knaus Tabbert FINANCIALS
Slide 7: Strong revenue growth in H1 2023 – chassis strategy drives top line
STRONG REVENUE GROWTH IN H1 2023 CHASSIS STRATEGY DRIVES TOP LINE Availability in chassis and vans leads to a significant change in the product mix towards higher priced motorhomes and camper vans Inflation-related price increases drove top line additionally REVENUE GROWTH UNITS SOLD ADJ. EBITDA
Slide 8: Q2 Snapshot
Q2 SNAPSHOT REVENUE GROWTH UNITS SOLD ADJ. EBITDA & EBITDA MARGIN In EUR mill. In units 6.594 6.545 8.275 40,0 14,0% 37,0 385,7 35,0 12,0% 30,0 9,6% 10,0% 71,6% 62% 35% 5.116 25,0 8,2% 2.636 40% 2.290 8,0% 225,1 20,0 202,6 16,6 6,0% 15,0 4,1% 9,3 4,0% 4.255 10,0 3.958 60% 65% 38% 3.159 2,0% 5,0 0,0
Slide 9: Product mix in line with market trend
PRODUCTMIX IN LINE WITH MARKET TREND H1 2023 REVENUE DRIVEN BY MOTORIZED VEHICLES REVENUE PER SEGMENT REVENUE PER CATEGORY UNITS PER CATEGORY (in EUR mill.) (in EUR mill.) (in units) 11,9 87,5 3.476 164,8 1.495 3.008 2.855 10,9 15,3 6.030 59,6 63,2 68,0 3.142 117,5 426,7 666,7 195,0 188,3 382 384,2
Slide 10: Cash flow development H1 2023
CASH FLOW DEVELOPMENT H1 2023 FREE CASHFLOW WALK – JUNE 30, 2023 In EUR mill.
Slide 11: H1 2023 financial KPIs – equity ratio and net debt ratio
H1 2023 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.) 38,8% 26,4% 26,3% 1,6x 2,8x 1,8x 204,0 648,8 192,8 557,4 344,6 93,9 Dec 31, 2021 Dec 31, 2022 June 30, 2023 Dec 31, 2021 Dec 31, 2022 June 30, 2023
Slide 12: Outlook 2023
OUTLOOK 2023 H1 2023 RESULTS Based on the order backlog of EUR 1.3 billion as of the end of December 2022, as well as the expected positive product mix effects and the changed purchasing strategy for chassis (see section "Supplier management"), the Management Board expects strong revenue growth, bef
Slide 13: One step ahead
ONE STEP x AHEAD 3
Slide 14: Legal disclaimer
LEGAL DISCLAIMER The facts and information contained herein constitute forward-looking statements as of the date they were made and based upon assumptions as to future events or circumstances that may not prove to be complete or accurate. By their nature, these statements involve risk and uncertaint