Tcm Group As · OMXCOP:TCM

Tcm Group As — Q3 2023 Earnings Presentation

9 slides from Tcm Group As's earnings presentation, Nov 17, 2023

  1. Slide 1: TCM Group A/S Interim Report July-September 2023

    TCM Group A/S Interim Report July-September 2023 November 17, 2023

  2. Slide 2: Business update Q3 2023

    Business update Q3 2023  Revenue in Q3 of DKK 258 million vs. DKK 265 million last year.  Organic revenue decline of 23.5% in the quarter.  B2C sales remained weak in the quarter, although we did see an improvement in order- intake towards the end of the quarter.  Underlying gross margin improve

  3. Slide 3: Q3 Revenue development weaker than expected

    Q3 Revenue development weaker than expected Revenue 258 mDKK (265 mDKK) Cash conversion 3% 88.1% revenue decline (54.9%) y-o-y NWC ratio Adjusted EBIT 3.1% 3 mDKK (-0.8%) (21 mDKK) Adjusted EBIT margin 1.0% (7.8%) 3

  4. Slide 4: Q3: Revenue development

    Q3: Revenue development 2023 2022 2023 2022 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Net revenue (mDKK) 258 265 795 871 - Revenue decline -2.8% -8.7% Q3 comments:  Organic revenue declined by 23.5% y-o-y.  Reported revenue in Denmark decreased by 14.8% y-o-y  Revenue outside Denmark increased by 114.3% dr

  5. Slide 5: Income statement highlights

    Income statement highlights 2023 2022 2023 2022 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Net revenue (mDKK) 258 265 795 871 - Gross Margin 18.3% 18.7% 18.9% 20.5% Adjusted EBIT (mDKK) 3 21 38 86 - Adjusted EBIT margin 1.0% 7.8% 4.8% 9.8% Q3 comments:  Reported margins negatively impacted by the correction o

  6. Slide 6: Net working capital and NIBD

    Net working capital and NIBD 2023 2022 Sep Sep Net working capital (mDKK) 34 -9 NWC ratio 3% -1% NIBD (mDKK) 417 335 Leverage (incl. IFRS 16) 5.21 2.52 Q3 comments:  Increase in NWC compared to Q3 LY due to the acquisition of AUBO Production A/S.  AUBO carries a higher NWC than the remaing TCM bus

  7. Slide 7: Cash flow

    Cash flow 2023 2022 2023 2022 Jul-Sep Jul-Sep Jan-Sep Jan-Sep Operating profit (mDKK) 2 16 33 79 Depreciation and amortization (mDKK) 8 5 18 13 Other non-cash operating items 0 0 0 0 Change in NWC (mDKK) 17 -21 -31 -79 Tax a.o (mDKK) 0 0 -11 -7 Capex excl. acquisitions, net (mDKK) -10 -6 -29 -19 Fre

  8. Slide 8: Financial outlook 2023

    Financial outlook 2023 TCM Group Financial outlook on earnings re-iterated:  Net revenue: DKK 1,040-1,090  EBIT: DKK 40-50m (EBIT excluding non-recurring items) Revenue development Adjusted EBIT development DKKm DKKm 1,146 1,108 154 1,040-1,090 140 138 1,025 1,007 103 40-50 2019 2020 2021 2022 202

  9. Slide 9: Q&A

    Q&A

TCM Group — Q3 2023 Earnings Presentation on 6ix