Nemetschek SE · XETR:NEM
Nemetschek — Q2 2022 Earnings Presentation
18 slides from Nemetschek's earnings presentation, Jul 28, 2022
Slide 1: Earnings Call Q2- / H1-22
Earnings Call Q2- / H1-22 Nemetschek Group July 28, 2022
Slide 2: Financial Results Q2-22
Financial Results Q2-22 NEMETSCHEK GROUP*
Slide 3: Top Key Figures Q2-22: Strong Growth with Continued High Profitability
Top Key Figures Q2-22: Strong Growth with Continued High Profitability Revenues Recurring Revenues EBITDA EPS EURm EURm EURm EUR +22.9% +28.9% +21.7% +16.4% cc1 +40.4% +22.3% cc1 +11.7% cc1 203,8 165,9 128,8 99,9 68,6 0,40 56,3 0,29 Q2-21 Q2-22 Q2-21 Q2-22 Q2-21 Q2-22 Q2-21 Q2-22 • Build +36.5% (+25
Slide 4: Key Financial Highlights H1-22: Very Good First Half of the Year
Key Financial Highlights H1-22: Very Good First Half of the Year Strong Results in all Important KPIs Revenues: EBITDA: High Cash Conversion: +22.1% (FX adj.: +16.9%) to $ +30.7% (FX adj.: +22.3%) to 82.8% EUR 396.1m EUR 138.4m Recurring Revenues: EBITDA margin: Net Cash Position: +27.3% (FX adj.: +
Slide 5: Strategic Highlights First Half 2022
Strategic Highlights First Half 2022 Start-up Investments / M&A Operational Excellence • Venture investment in SymTerra: • Ramping-up personal customer contact post UK-based, construction site Covid at major trade fairs such as: communications platform − BIM World (Paris) • Acquisition of Pixologic
Slide 6: Segment Overview H1-22: Highest Growth Momentum in Build and Media
Segment Overview H1-22: Highest Growth Momentum in Build and Media Design Build Media Manage Revenues +11.5% +33.5% +60.3% +2.9% EURm +8.4% cc1 +24.6% cc1 +53.1% cc1 +2.9% cc1 190,5 170,9 137,8 103,2 50,0 31,2 22,0 22,6 H1-21 H1-22 H1-21 H1-22 H1-21 H1-22 H1-21 H1-22 Margin 32.7% 33.5% 44.0% 44.3% 3
Slide 7: Recurring and Subscription/SaaS Revenues: New Record Levels
Recurring and Subscription/SaaS Revenues: New Record Levels Revenue Share Revenue Share by type in % of Subscription/SaaS Q2-22 H1-22 Recurring +28.9% +27.3% 100% revenues y/y +22.3% cc1 +22.0% cc1 33% 50% H1-22 63% Subscription/ +56.5% +58.1% SaaS y/y +47.8% cc1 +51.0% cc1 4% 23% 14% 18% 8% 0% H1-1
Slide 8: At a Glance: Income Statement and Important KPIs
At a Glance: Income Statement and Important KPIs In % of Key Figures mEUR H1-22 revenue H1-21 Growth y/y Revenues 396.1 - 324.3 +22.1% Cost of materials/cost of purchased services -14.6 3.7% -12.3 +18.7% Personnel expenses -163.5 41.3% -140.2 +16.6% Other operating income/expenses -86.7 21.9% -70.1
Slide 9: Update & Outlook
Update & Outlook NEMETSCHEK GROUP’
Slide 10: Update Bluebeam Transition
Update Bluebeam Transition Bluebeam’s SaaS and subscription transition is on track Start Q3-22 Mid Q3-22 End Q3-22 • Introduce new subscription offerings to all • Global Channel Partners begin • Global launch across all Bluebeam large Managed Direct Accounts in North introducing new subscription off
Slide 11: Outlook 2022: Fully on Track to Achieve Our Full Year Targets
Outlook 2022: Fully on Track to Achieve Our Full Year Targets 2022 Revenue Growth: 12% - 14% 2021 (at constant currencies) EBITDA Margin: Revenue: 32% - 33% EUR 681.5m EBITDA Margin: 32.6% Outlook 2022: Please note: The outlook is based on the assumption that there will be no deterioration in the ec
Slide 12: Appendix
Appendix NEMETSCHEK GROUP*
Slide 13: Income Statement
Income Statement €m H1 2022 H1 2021 % YoY Revenues 396.1 324.3 +22.1% Other income 7.1 4.2 +71.3% Operating income 403.2 328.5 +22.8% Cost of materials/purchased services -14.6 -12.3 +18.7% Personnel expenses -163.5 -140.2 +16.6% Other expenses -86.7 -70.1 +23.8% Operating expenses -264.8 -222.6 +19
Slide 14: Balance Sheet – Assets
Balance Sheet – Assets €m June 30, 2022 December 31, 2021 Assets Cash and cash equivalents 197.9 157.1 Trade receivables, net 83.0 70.1 Inventories 0.9 0.9 Other current assets 43.1 35.0 Current assets, total 325.0 263.1 Property, plant and equipment 22.9 20.7 Right-of-use assets 61.3 59.2 Intangibl
Slide 15: Balance Sheet – Equity and Liabilities
Balance Sheet – Equity and Liabilities €m June 30, 2022 December 31, 2021 Equity and liabilities Short-term borrowings and current portion of long-term loans 107.4 93.8 Trade payables & accrued liabilities 66.2 83.0 Deferred revenue 202.6 158.0 Current lease liability 14.6 14.1 Other current liabili
Slide 16: Cash Flow Statement
Cash Flow Statement €m H1 2022 H1 2021 % YoY Cash and cash equivalents at the beginning of the period 157.1 139.3 +12.8% Cash flow from operating activities 114.6 105.8 +8.4% Cash flow from investing activities -21.7 -14.2 t/o CapEX -8.3 -3.8 t/o Cash paid for acquisition of subsidiaries, net of cas
Slide 17: Contact
Contact NEMETSCHEK SE Investor Relations Konrad-Zuse-Platz 1 81829 Munich Germany investorrelations@nemetschek.com www.nemetschek.com Nemetschek Group | PowerPoint Template 17
Slide 18: 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