Autostore Holdings Ltd. · OSL:AUTO
Autostore — Autostore Hldgs Reg S — Q3 2023 Earnings Presentation
17 slides from Autostore's earnings presentation, Nov 9, 2023
Slide 1: Third Quarter 2023 Financial Results
Third Quarter 2023 Financial Results | 9 November 2023 autostoresystem.com
Slide 2: Disclaimer
Disclaimer Certain statements included in this presentation includes forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forward-looking statements may be identified by the use of forward-looking terminolo
Slide 3: Agenda
Agenda 01 Highlights of the quarter & business update 02 Financials 03 Q&A autostoresystem.com 3
Slide 4: Q3 2023 highlights
Q3 2023 highlights Financial Highlights Operational Highlights Corporate Developments • $145m in revenue vs. $147m in Q3 2022. • Released R5 ProTM robot, ideal for very large • Paul Harrison, new CFO, joined AutoStore on systems. Provides up to 18% higher throughput 30 October. per robot. • Gross ma
Slide 5: The cubic storage pioneers: scaling our business in e-commerce and robotics megatrends
The cubic storage pioneers: scaling our business in the global e-commerce and robotics megatrends Scaled and Global Platform Customers and Partners Superior Financial Profile Countries ~52 23 ~2,000 2023 revenue guidance around $640m Partners Certified sales representatives3 Revenue CAGR Robots ~61,
Slide 6: Sequential order growth, some projects postponed to 2024
Sequential order growth, some projects postponed to 2024 Order intake Order backlog ($ million) ($ million) +11% +3% 164 476 489 155 153 470 464 152 452 137 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 • Overall high-level of activity when measured in number of opportunities, • Certai
Slide 7: The new and fast charging R5 Pro Robot
The new and fast charging R5 Pro Robot TM • Enables up to 18% higher throughput per Robot during an 18-hour shift. • Ideal for heightened peak-season demands due to extended battery life and rapid charging with LTO battery • Can achieve reduction in robot count by up to 15%, • Number of chargers req
Slide 8: Opportunities for expansion across a wide range of end markets
Opportunities for expansion across a wide range of end markets ~950 Unique customers integrating AutoStore into their mission-critical supply chain # of 2023 share End market Selected blue chip customers systems1 of revenue2 Apparel & ~220 28% Sports Accessories Industrials3 ~430 19% 3PL ~170 12% Ot
Slide 9: Video with Markus Voss, CIO and COO of DHL Supply Chain
Please click on the link below to see video with Markus Voss, the CIO and COO of DHL Supply Chain, talking about the partnership with AutoStore. Link to Video autostoresystem.com
Slide 10: Q3: Financials
e e. @ e ee AutoStore
Slide 11: Key financial highlights
Key financial highlights Sequential growth in order intake and backlog $145m 68% 47% 79% $152m $640m Q3 revenue, -2% YoY Q3’23 gross margin, Q3’23 adjusted EBITDA Q3’23 order intake and $464m in FY 2023 revenue +14 pp. YoY margin, +10 pp. YoY Cash conversion1 backlog guidance Notes: 1. Defined as ad
Slide 12: Stable revenue development, due to planned project delivery schedules
Stable revenue development, due to planned project delivery schedules Revenue Revenue by region ($ million) ($ million) EMEA NAM -2% -2% APAC 176 176 147 148 149 145 147 148 149 145 61 124 92 78 104 63 39 52 28 47 15 24 18 15 5 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 autostoresys
Slide 13: Strong gross profit and adjusted EBITDA
Strong gross profit and adjusted EBITDA* High and sustainable gross margin Adjusted EBITDA1 margin back at industry leading and historical levels (Gross profit, $ million) (Adjusted EBITDA, $ million) 54% 61% 67% 68% 68% 37% 40% 46% 50% 47% +23% +25% 119 87 100 99 90 68 69 80 59 55 Q3’22 Q4’22 Q1’23
Slide 14: Q&A
Q&A autostoresystem.com 14
Slide 15: Key takeaways – Investing with AutoStore
Key takeaways – Investing with AutoStore 01 Global leader in cubic storage with massive underpenetrated and growing warehouse automation market 02 High growth strategy accelerated by proven and scalable go-to-market model 03 Differentiated technology with innovative robotics powered by world class i
Slide 16: Appendix
Appendix autostoresystem.com
Slide 17: Presentation of adjusted EBITDA breakdown
Presentation of adjusted EBITDA1 breakdown Third quarter YTD USD million 2023 2022 2023 2022 Profit/loss for the period 55.0 13.6 - 73.3 72.9 Income tax 15.6 3.9 - 23.6 20.8 Net financial items - 8.9 18.0 20.2 42.1 EBIT 61.7 35.5 - 76.7 135.8 Depreciation 2.9 1.7 7.7 5.0 Amortization of intangible a
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