Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q1 2024 Earnings Presentation
20 slides from Waberer's International Nyrt's earnings presentation, May 15, 2024
Slide 1: Waberer's Group Q1 2024 results
WABERER’S GROUP Q1 2024 results Budapest, 15 May 2024 BUILDING THE NUMBER ONE COMPLEX LOGISTICS SERVICE PROVIDER IN CENTRAL AND EASTERN EUROPE. COMPLEXITY I EXPANSION I SUSTAINABILITY I STABILITY I PEOPLE-FOCUSED
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should not hav
Slide 3: Agenda
AGENDA • Status of strategic projects & outlook for 2024 • Main resolutions of the Annual General Meeting & new shareholder structure • Group and segment level results • Reporting of jointly controlled entities
Slide 4: Key messages
Key messages I. Record consolidated revenue (EUR 196.7 m) – revenue increase driven segments with higher profitability margin (RCL and insurance segment) II. EUR 8.5 m quarterly Group level EBIT (in line with the average of the previous quarters; EUR 2.8 m decrease vs. Q1 2023) – further expansion o
Slide 5: Delivering Results with Strategy 2027
Delivering Results with Strategy 2027 2023 2027 Focus: CEE region Contract Logistics Focus warehouse logistics (RCL) in Hungary Significant in-house and e-commerce improvement and powerful own warehouse capacity Value added services 38% of revenues Value added services 60% of revenues International
Slide 6: Strategic milestones of 2024 and outlook
Strategic milestones of 2024 and outlook Annual EBIT expectations of more than EUR 40 million, with strong Q3 and Q4 results expected; strategic projects already closed with an expected annualised EBIT potential of EUR 4 - 5 million Status of Strategic projects Contract Logistics (RCL) Transportatio
Slide 7: Main resolutions of the AGM and new shareholder structure
Main resolutions of the AGM and new shareholder structure Increasing dividend payments, new governing body members, MOL Group’s purchase of a 15% stake Election of new members of the governing bodies New shareholder structure Board of Directors: Supervisory Board: 3% Zsolt Barna - chairman Éva Heged
Slide 8: Trend of financial performance on quarterly basis
Trend of financial performance on quarterly basis Quarterly EBIT performance in line with the average of the last 3 years, increase in indebtedness due to acquisitions and logistics centre development Group EBIT (EUR mn) -24% 14.3 12.1 11.2 10.3 9.7 9.3 7.7 8.3 8.0 8.5 6.6 3.5 4.5 4.6 0.1 1.2 -2.7 Q
Slide 9: Consolidated quarterly results
Consolidated quarterly results Record quarterly revenue, consolidated EBIT in line with the average of previous years Group revenue (EUR mn) • Group revenue • 11% increase resulted in revenue of EUR 197 m, a record quarterly figure for the Group. • Group EBIT +11% • Similar to the previous quarters’
Slide 10: Quarterly segment results
Quarterly segment results RCL and insurance (segments with major strategic focus in the Group) have further improved their results, partly offsetting the weaker quarterly performance of the international transportation business that faced market challenges ITS (EUR mn) ITS Increasing revenue desp
Slide 11: Contract logistics segment (RCL)
Contract logistics segment (RCL) Outstanding quarterly performance as a result of new customer acquisitions, impact of Serbian acquisition and new (Ecser) logistics centre from Q2 / Q3 Revenue (EUR mn) Composition of revenue (EUR mn) * 58.5 52.5 27% 49.9 16% Transportation and distribution 45.2 Ware
Slide 12: Transportation and freight forwarding segment (ITS)
Transportation and freight forwarding segment (ITS) Market pressure due to lower demand and toll increases; significantly improved profitability from Q3 as a result of successful tender season Quarterly revenue (EUR mn) Composition of revenue (EUR mn) * 118.3 118.4 26% 1% 106.4 4% Own fleet transpor
Slide 13: Insurance segment
Insurance segment Record quarterly EBIT performance, expanding customer base and high investment performance Revenue (EUR mn) Composition of EBIT (EUR mn) * 23.0 36% 20.6 Insurance technical result 19.0 17.5 Result on financial investments 2021 2022 2023 Q1 2024 64% average average average * Q1 2024
Slide 14: Reporting of the results of jointly controlled entities
Reporting of the results of jointly controlled entities Consolidation of jointly controlled entities by equity method; proportional EBITDA, EBIT and net income in the consolidated financial figures Reporting of the results of jointly controlled entities in Successfully closed transactions in the fir
Slide 15: Summary
Summary I. Significant progress in the implementation of strategic projects (Annualised EUR 4-5 m EBIT potential) • Closing of PSP (Rail logistics provider) acquisition • Colsing of MDI (Serbian distribution company) acquisition • Ecser warehouse development close to completion, start of Debrecen lo
Slide 16: Appendix
Appendix
Slide 17: Focus on capital market presence and investors' trust
Focus on capital market presence and investors’ trust In addition to maintaining our stable financial performance, we are constantly working to strengthen our capital market presence and increase our visibility and investor reach. We are constantly examining capital market instruments to support the
Slide 18: Waberer's Strategy 2027
Waberer’s Strategy 2027 Waberer's Group aims to become the number one complex logistics service provider in the CEE region, with a complete, customer-focused and sustainable service portfolio Strategic Pillars Waberer’s Group EBIT distribution (in million EUR) Infrastructure and Technology Developme
Slide 19: Building a sustainable service portfolio
Building a sustainable service portfolio WABERER’S GO GREEN 2021 2027 Focus areas Developing green Creating an attractive Emission reduction Operational excellence services workplace • Increasing the share of rail and • Setting and publication of • Employee training and • Adherence to and applicatio
Slide 20: Thank you for your attention!
WABERER’S GROUP Thank you for your attention! WABERER’S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351. Tel: +36 1 421 6300 E-mail: investor.relations@waberers.com
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