Slide 1: Earnings Call Q1-24
Earnings Call Q1-24 Nemetschek Group April 30, 2024
Slide 2: Highlights Q1-24
01 Highlights Q1-24 02 Nemetschek Group | Earnings Call Q1-24
Slide 3: Key Messages
1. Successful start to the year 2024 driven by a strong growth in recurring revenues. 2. Demand environment in AEC/O markets in Europe and North America unchanged. Key 3. Highly successful subscription/SaaS transition in the Design Messages and Build segments continues to develop as planned. 4. Well
Slide 4: Strategic Update Q1-24: Driving Internationalization
Strategic Update Q1-24: Driving Internationalization India – A Huge Opportunity: • Population: 1.3bn • Indian economy: 5th largest in the world • Indian construction market: 3rd largest in the world Nemetschek in India: • Opening of a new local Go-to-Market office in Mumbai • Products and product pa
Slide 5: Strategic Update Q1-24: New Partnerships to Advance AEC/O & M&E Industries
Strategic Update Q1-24: New Partnerships to Advance AEC/O & M&E Industries Nemetschek & Autodesk • Interoperability agreement between Nemetschek Group & Autodesk • Improve open collaboration and efficiencies in AEC/O and M&E industries • Enhance existing interoperability between Nemetschek Group and
Slide 6: Key Financial Highlights Q1-24: Successful Start to the Year 2024
Key Financial Highlights Q1-24: Successful Start to the Year 2024 Revenues: EBITDA: Cash Conversion: +9.4% (FX adj.: +10.3%) to +11.9% (FX adj.: +8.5%) to 123.8% EUR 223.9m EUR 68.3m ARR Growth: EBITDA Margin: Net Cash Position: +24.5% (FX adj.: +25.4%) to 30.5% EUR 339.5m EUR 743.6m Subscription/Sa
Slide 7: Overview Financial Results Q1-24
03 Overview Financial Results Q1-24 07 Nemetschek Group | Earnings Call Q1-24
Slide 8: Segments Q1-24: All Segments According to Plan
Segments Q1-24: All Segments According to Plan DESIGN BUILD* MEDIA MANAGE* Revenues +8.7% +9.0% +9.7% +9.9% EURm +9.3% cc1 +10.0% cc1 +10.9% cc1 +9.9% cc1 115.6 106.3 62.0 67.5 26.8 29.4 11.4 12.5 Q1-23 Q1-24 Q1-23 Q1-24 Q1-23 Q1-24 Q1-23 Q1-24 Margin 28.3% 30.7% 35.2% 31.1% 35.2% 37.4% -2.7% 6.6% •
Slide 9: Recurring Revenues: Successful Transition Leads to New Record High of 83%
Recurring Revenues: Successful Transition Leads to New Record High of 83% Revenue Share Recurring & Subscription/SaaS 2020-2024 Overview Q1-24: by type in % • +24.5% ARR2 y/y • +25.4% cc1 186 200 (+25%) 149 (+22%) 150 121 Recurring • +24.5% 83% (73%) 96 (+22%) 106 revenues y/y • +25.4% cc1 (+68%) EU
Slide 10: At a Glance: Income Statement and Important KPIs
At a Glance: Income Statement and Important KPIs Key Figures mEUR Q1-24 In % of revenue Q1-23 Growth y/y Revenues 223.9 100% 204.6 +9.4% Cost of goods and services -9.1 4.1% -7.8 +16.9% Personnel expenses -94.2 42.1% -88.8 +6.1% Other operating income/expenses -52.3 23.4% -47.1 +11.2% EBITDA 68.3 30
Slide 11: Outlook
04 Outlook 11 Nemetschek Group | Earnings Call Q1-24
Slide 12: Guidance 2024: On Track After Successful Start to the Year
Guidance 2024: On Track After Successful Start to the Year Starting Point Guidance Ambition 2023 2024 2025 ARR: ARR Growth: Revenue Growth: EUR 718.6m ~ 25% Significantly above market Revenue Growth: – Revenue: 10% - 11% At least EUR 851.6m mid-teens (at constant currencies) EBITDA Margin: EBITDA Ma
Slide 13: Appendix
05 Appendix 13 Nemetschek Group | Earnings Call Q1-24
Slide 14: Income Statement
Income Statement €m Q1 2024 Q1 2023 % YoY Revenues 223.9 204.6 +9.4% Other income 3.4 1.8 +86.4% Operating income 227.3 206.4 +10.1% Cost of goods and services -9.1 -7.8 +16.9% Personnel expenses -94.2 -88.8 +6.1% Other expenses -55.7 -48.9 +14.0% Operating expenses -159.1 -145.5 +9.4% EBITDA 68.3 6
Slide 15: Balance Sheet – Assets
Balance Sheet – Assets €m March 31, 2024 December 31, 2023 Assets Cash and cash equivalents 339.5 268.0 Trade receivables, net 118.2 99.6 Inventories 0.9 1.0 Other current assets 57.2 49.6 Current assets, total 515.7 418.2 Property, plant and equipment 23.3 23.7 Right-of-use assets 58.1 60.9 Intangi
Slide 16: Balance Sheet – Equity and Liabilities
Balance Sheet – Equity and Liabilities €m March 31, 2024 December 31, 2023 Equity and liabilities Short-term borrowings and current portion of long-term loans 4.9 6.8 Trade payables 15.6 15.3 Provisions and accrued liabilities 59.6 65.7 Deferred revenue 321.5 265.1 Current lease liability 16.6 16.7
Slide 17: Cash Flow Statement
Cash Flow Statement €m Q1 2024 Q1 2023 % YoY Cash and cash equivalents at the beginning of the period 268.0 196.8 +36.2% Cash flow from operating activities 84.5 74.9 +12.8% Cash flow from investing activities -7.8 -6.0 +29.0% t/o CapEX -2.4 -2.6 t/o Cash paid for acquisition of equity investments -
Slide 18: Shape the World
SHAPE THE WORLD NEMETSCHEK SE Investor Relations Konrad-Zuse-Platz 1 81829 Munich Germany investorrelations@nemetschek.com www.nemetschek.com NEMETSCHEK SE Konrad-Zuse-Platz 1 | 81829 München | Tel. (089) 540459-0 | www.nemetschek.com
Slide 19: Disclaimer
Disclaimer This presentation contains forward-looking statements based on the beliefs of Nemetschek SE management. Such statements reflect current views of Nemetschek SE with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from thos