Auto Partner Sa · GPW:APR
Auto Partner Sa — H1 2021 Earnings Presentation
23 slides from Auto Partner Sa's earnings presentation, Sep 16, 2021
Slide 1: H1 2021 results
H1 2021 results September 16th 2021
Slide 2: Disclaimer
Disclaimer This material is intended for information purposes only. It does not constitute an advertisement for or an offer of any publicly traded securities. Its contents have been compiled from sources considered reliable and accurate by Auto Partner S.A., although there is no assurance that such
Slide 3: Agenda
Agenda 1. About the Group 2. Market environment 3. Financial results 4. Summary www.autopartner.com 3
Slide 4: 1. About the Group
IN 1. About the Group AUTOPARTNER ae S|
Slide 5: Management Board of the Group
Management Board of the Group Aleksander Górecki President of the Management Board/Founder Andrzej Manowski Vice President of the Management Board Piotr Janta Vice President of the Management Board www.autopartner.com 5
Slide 6: Auto Partner Group at a glance
Auto Partner Group at a glance ca. 9-10% share in the Polish market of spare parts distribution ca. 250,000 references available 15.5m parts stored in warehouses throughout Poland Over 350 global suppliers 30 sale markets 62% online orders GlobalOne international GPO membership www.autopartner.com 6
Slide 7: Key developments in H1 2021
Key developments in H1 2021 Further strengthening of foreign expansion (+49.9% y/y, 30 countries) Strong profitability maintained, with exponential growth in the scale of business Expansion of the existing distribution network (nine new branches opened in January to June) Albania Czech Republi
Slide 8: Well-developed distribution network
Well-developed distribution network IT-supported logistics – just-in-time deliveries to geographically dispersed customers at a frequency of 3-5 times per day, subject to Covid-19 spread prevention measures Total warehousing space at the Group (held under leases) – over 100,000 sq m: Distribut
Slide 9: Well-developed distribution network
Well-developed distribution network Launch of 10 new branches in January to September 2021. The network currently comprises 101 branches covering all regions of Poland. www.autopartner.com 9
Slide 10: 2. Market environment
aN 2. Market environment AUTOPARTNER a a ell - <a
Slide 11: Market environment – H1 2021
Market environment – H1 2021 POLAND EUR Number of cars in Poland: ca. 24.3m (ACEA data) Approximately 280m passenger cars in Europe 34.6% year-on-year growth in passenger car (according to ACEA) registrations, to 242.1 thousand (Polish Automotive 25.2% growth in passenger car registrations,
Slide 12: 3. Financial results
aN 3. Financial results AUTOPARTNER ae S|
Slide 13: H1 2021 highlights
H1 2021 highlights REVENUE EBITDA EBIT NET PROFIT 1,063 130.5 118.0 93.4 PLNm PLNm PLNm PLNm +38% +78% +91% +106% www.autopartner.com 13
Slide 14: H1 2021 sales
H1 2021 sales Q1 2021 sales [PLNm] Sales by geographies [PLNm] 1 200,0 1 063 1 000,0 482,0 767,8 55% 800,0 H1 2021 581.0 600,0 45% 400,0 200,0 0,0 H1 2020 H1 2021 321,6 +38% y/y increase in revenue 58% H1 2020 42% Strongest growth – export sales up +50% y/y Sales in Poland up +30% y/y 446,2 ww
Slide 15: Quarterly sales
Quarterly sales Quarterly sales [PLNm] 700 587,2 600 500 469,5 475,7 433,1 392,9 391,5 396,7 400 368,3 371,1 326,7 303,4 303,7 294.0 300 253,9 200 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 Continued strong, double-digit gr
Slide 16: Significant growth in profits and earnings
Significant growth in profits and earnings H1 2021 profit figures [PLNm] +40% 350 303,7 300 250 217,4 200 +78% +91% +106% H1 2020 150 130,5 118 H1 2021 93,4 100 73,2 61.9 45,3 50 0 Gross profit EBITDA EBIT Net profit Strong, double-digit growth across all P&L levels Improved performance also com
Slide 17: Gross profit
Gross profit 30,3 29,5 29,3 27,7 28,1 27,6 26,5 26,8 27.0 26,6 Gross margin (%) 26.0 26.0 26,2 24,5 200 180 172,3 160 140 131,8 127,7 131,4 120,1 120 96,3 101,9 101,8 97,3 100 81,5 86,9 PLNm 78,8 79,4 80 67,4 60 40 20 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2018 2018 2018 2018 2019 2019 2019 201
Slide 18: Profit margins
Profit margins 32,0 30,2 29,3 27,7 28,1 27,6 26,6 26 26,2 24,5 Net profit margin (%) EBIT margin (%) EBITDA margin (%) 12,9 Gross margin (%) 12,2 11,8 11,3 11,0 11,5 10,8 10,2 10,0 9,6 9,5 7,8 8,2 7,8 7,9 6,8 6,9 7,4 6,1 6,6 6,7 5,7 5,7 5,1 4,7 4,9 3,4 4.0 3,8 3,4 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1
Slide 19: Cash flow
Cash flow Cash flow [PLNm] 550 450 350 Operating cash flows 250 Investing cash flows Financing cash flows 150 112,5 Total cash flows 50 6,9 17,0 0,5 11,2 -50 -2,6 -6,3 -150 -103 H1 2020 H1 2021 Stable liquidity position of the Group Lower interest expense y/y www.autopartner.com 19
Slide 20: Stable stock levels
Stable stock levels Stocks* [PLNm] 700 600 608,7 603,2 500 503,2 491,7 468,1 469,6 478,8 400 439,8 447,3 448,2 448,2 391,2 403 382,8 300 200 100 0 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Inventory turnover as at June 30th 2021
Slide 21: 4. Summary
IN 4. Summary AUTOPARTNER a QS —
Slide 22: Summary
Summary Sharp sales growth Strongest increase seen in export sales High profitability Maintained cost discipline Maintaining low debt levels Good medium- and long-term prospects for the car parts distribution market www.autopartner.com 22
Slide 23: THANK YOU!
THANK YOU! ul. Ekonomiczna 20 43–150 Bieruń www.autopartner.com