Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — Q3 2022 Earnings Presentation
14 slides from Brockhaus Technologies's earnings presentation, Nov 14, 2022
Slide 1: Elevating Champions
Elevating Champions QUARTERLY STATEMENT 9M 2022 EARNINGS CALL November 14, 2022
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as does not guarantee that the assumptions underlying the forward-looking statements in this giving investment advice and does not constitute or form part of, and should not be construed as, prese
Slide 3: Summary 9M 2022
Summary 9M 2022 Selected group financials (€m) Key highlights +268% 125.8 Revenue (before PPA) 34.2 Continued profitable growth across all business segments in 9M 2022 Adj. +835% 47.6 EBITDA 5.1 FY 2022 guidance raised to revenue of €150m - 155m with a continued high adj. € EBITDA margin of 35% base
Slide 4: Revenue by quarter
Revenue by quarter 34.7 35.4 1 17.5 16.3 - - - - Q1 Q2 Q3 Q4 +23.7% +19.7% +14.6% 9.2 8.8 7.2 7.6 7.4 6.1 6.7 - Q1 Q2 Q3 Q4 +44.3% -14.6% -19.9% 7.3 6.1 4.8 5.0 4.1 4.0 4.2 - Q1 Q2 Q3 Q4 1) Comparable IFRS revenue figure for 9M 2021 not available; Bikeleasing only accounted (€ million) Palas IHSE Bi
Slide 5: Revenue by region
Revenue by region 87.5 1 - - EMEA Americas APAC +4.2% 11.9 12.4 +79.5% 8.1 -4.4% 4.5 3.7 3.6 EMEA Americas APAC -20.7% 9.8 7.7 +67.0% +31.6% 4.1 2.3 2.5 1.8 EMEA Americas APAC 1) Comparable IFRS revenue figure for 9M 2021 not available; Bikeleasing only accounted (€ million) Palas IHSE Bikeleasing P
Slide 6: KPIs by segment
KPIs by segment Reportable Segments Financial Security Environmental Central Functions and BKHT Group Technologies Technologies Technologies Consolidation [€ thousand] 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 Revenue before PPA 87,477 - 24,096 20,163 14,183 13,
Slide 7: Conservative leverage ratio of 2.3x within the target corridor
Conservative leverage ratio of 2.3x within the target corridor (€ thousand) 30.09.2022 31.12.2021 Senior loans 57,336 79,979 Subordinated loans 53,966 49,696 Real estate loans 5,642 5,942 Cash and cash equivalents (22,925) (30,327) Net debt from loans 94,019 105,290 Other financial liabilities 8,156
Slide 8: Bikeleasing - Operational deep dive
Bikeleasing - Operational deep dive Comparable IFRS revenue figure for 9M 2021 not available; # Bikeleasing only accounted according to German GAAP prior to acquisition ~82,000 # of facilitated bikes grew by +43% to ~99,000 ~63,000 # of corporate customers ~99,000 now ~43,000 with ~2.4 million emplo
Slide 9: Palas - Operational deep dive
Palas - Operational deep dive Strongest 9M in Palas’ corporate €10.2m €14.0m €14.2m history 0.5 3.1 Palas’ core business, excl. Covid- related test rig sales, continued to 2.4 grow strongly with +27% year-on-year 13.8 10.9 7.8 Certification process of Palas’ core products in China delayed due to rep
Slide 10: IHSE - Operational deep dive
IHSE - Operational deep dive Strong rebound with +20% revenue growth year-on-year due to partial Last pre- Strongest Q1, Q2 & Q3 Covid quarter lifting of travel and contact since start of Covid pandemic restrictions Improvement in EBITDA margin year over year, though still below the target level of
Slide 11: M&A activity: Selected deal flow
M&A activity: Selected deal flow SECURITY SOFTWARE ENERGY TECHNOLOGY SaaS TECHNOLOGY EBITDA margin: ~25% Source: Proprietary EBITDA margin: ~50% Source: M&A Process Source: M&A Process 11
Slide 12: Forecast FY 2022 raised
Revenue €150m - €155m (2021: €127m | +19 to +23%) (previous guidance: €140m - 150m) Forecast FY 2022 Adj. EBITDA margin 35% (2021: 38%) raised (previous guidance: 35%) corresponding Adj. EBITDA €53m - €54m (2021: €48m | +10 to +13%) (previous guidance: €49m - 53m) 12
Slide 13: Happy to answer your questions
Q&A Happy to answer your questions 13
Slide 14: Brockhaus Technologies AG contact details
BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), D
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