Amadeus Fire Ag · XETR:AAD
Amadeus Fire — 9M 2024 Earnings Presentation
35 slides from Amadeus Fire's earnings presentation, Feb 3, 2025
Slide 1: Group Presentation Interim Statement Q3/9M 2024
Group Presentation Interim Statement Q3/9M 2024 3rd February 2025, Frankfurt/Main Amadeus Fire Group | Group presentation 1
Slide 2: Focused specialist provider in Germany
Focused specialist provider in Germany Group Commercial and IT Personnel Services Training • Specialist for white collar • Training and retraining in the professionals focusing on the fields of commercial and IT commercial and IT sectors qualifications • Temporary staffing, • Publicly funded trainin
Slide 3: Revenue per segment and service
Revenue per segment and service Group Revenue and gross profit after nine months 2024 Development of revenue Personnel Services segment Training segment before integration Training segment 283 289 Temporary 22% Personnel Services 37% placement 244 segment 207 209 Permanent 31% 191 placement 17% Inte
Slide 4: Stable growth in the long term
Stable growth in the long term Group (in € million) Development of revenue 2020 and 2021 Comcave & GFN are additionally recognised • Steady, stable and positive development 372 • Organic growth as a basis 280 101 67 • Continuous successful organisation structure 407 442 272 • There is an adequate ma
Slide 5: Steep increase in cash flow due to rebound in PDL and acquisitions
Steep increase in cash flow due to rebound in PDL post CoVid-19 and acquisitions in training segment Group (in € million) Cash Flow from operating activities • Steady, stable and positive development CAGR ~ +13.4% • Organic growth as a basis 75.9 83.9 83.1 • Steep increase in operating cash flow res
Slide 6: Business development – third quarter 2024
Business development – third quarter 2024 Group (in € million) Operating gross profit and Operating EBITA* and Net result Group revenue oper. gross profit margin oper. EBITA* margin for the period 56.7% 55.1% 18.8% 15.7% -2.7% -5.4 % 114.7 -18.8% 111.6 -25.7% 65.0 61.5 21.6 17.6 12.8 9.5 Q3 2023 Q3
Slide 7: Business development – first nine months 2024
Business development – first nine months 2024 Group (in € million) Operating gross profit and Operating EBITA* and Net result Group revenue oper. gross profit margin oper. EBITA* margin for the period 55.3% 54.6% +1.9% 16.4% 13.8% +0.6 % 331.5 337.7 183.4 184.5 -14.8% -19.5% 54.5 46.4 32.7 26.4 1-9
Slide 8: Personnel Services segment
Personnel Services segment Amadeus Fire Group | Group presentation 8
Slide 9: Structure of the market for temporary staffing in Germany
Structure of the market for temporary staffing in Germany Personnel Services segment Total industry Market for temporary staffing in Germany Finance and accounting Commercial and IT professions • Market volume of the temporary staffing market in Industrial / technical sector Germany currently around
Slide 10: Market development of temporary staffing in Germany
Market development of temporary staffing in Germany Personnel Services segment Development of German temporary staffing market vs. Amadeus Fire Tempory staffing market • The overall market of the temporary staffing Amadeus Fire Temp sector is early cyclical (Blue & White Collar 30% GDP development (
Slide 11: Low dependence on industries or individual customers
Low dependence on industries or individual customers Personnel Services segment Industry distribution of client companies - very well diversified business mix 10% 9% 2023 2022 • No industry larger than 8% 10% of revenue 7% 6% • Largest customer at 1.4% 5% of revenue in 2023 4% 3% 2% • Top 10 custome
Slide 12: Quarterly development of services
Quarterly development of services Personnel Services segment Revenue development over the prior-year quarter 9M Revenue and gross profit of services (in € million) Temporary staffing Permanent placement Interim and project management Temporary staffing 40.1 124.5 2022 2023 2024 • Decline in companie
Slide 13: Business development – third quarter 2024
Business development – third quarter 2024 Personnel Services segment (in € million) Operating gross profit and Operating EBITA* and Revenue oper. gross profit margin oper. EBITA* margin 53.4% 51.9% 21.5% 18.1% -9.3% -11.9% 75.8 68.8 16.3 -23.3% 12.5 40.5 35.7 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023
Slide 14: Business development – first nine months 2024
Business development – first nine months 2024 Personnel Services segment (in € million) Operating gross profit and Operating EBITA* and Revenue oper. gross profit margin oper. EBITA* margin 51.6% 49.9% 17.7% -4.3% 13.9% -7.4% 218.2 208.9 38.7 -24.7% 112.6 104.3 29.1 1-9 2023 1-9 2024 1-9 2023 1-9 20
Slide 15: Training segment
Training segment Amadeus Fire Group | Group presentation 15
Slide 16: Delimitation of training markets
Delimitation of training markets Training segment Distribution of revenue from training acc. to markets in 2023 B2G - publicly funded training B2C – Private customers B2B 7% Professional training measures are 76% B2G The markets for long-running a key government instrument for B2C 17% courses and de
Slide 17: Training segment offerings
Training segment offerings Training segment The Training segment offers vocational training and retraining options in the commercial and IT sectors at multiple locations in Germany. Depending on the focus, the core brands Comcave College, GFN and Steuer-Fachschule Dr. Endriss, Akademie für Internati
Slide 18: Business development – third quarter 2024
Business development – third quarter 2024 Training segment (in € million) Operating gross profit and Operating EBITA* and Revenue oper. gross profit margin oper. EBITA* margin 13.7% 63.1% 11.8% 60.3% +10.2% +5.2% 39.0 43.0 -5.2% 25.9 5.4 5.1 24.6 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 • Mea
Slide 19: Business development – first nine months 2024
Business development – first nine months 2024 Training segment (in € million) Operating gross profit and Operating EBITA* and Revenue oper. gross profit margin oper. EBITA* margin 13.9% 13.4% +13.6% 62.6% 62.3% +13.0% 113.7 129.1 +9.6% 71.2 80.4 15.8 17.3 1-9 2023 1-9 2024 1-9 2023 1-9 2024 1-9 2023
Slide 20: Business model, strategy & outlook
Business model, strategy & outlook Amadeus Fire Group | Group presentation 20
Slide 21: Value drivers of the business model
Value drivers of the business model Group Market for Personnel Services & Training Amadeus Fire Group • Highly competitive pressure, strictly regulated markets • Unique portfolio that comprehensively solves in Germany HR requirements in the administrative sector • Limited human resources in Germany
Slide 22: Strategic direction
Strategic direction Group Excellence & speed Professional partner for life Steady expansion Best marketplace for Establish lifelong partnership Expanding a strong and less specialised HR services in with clients, employees, vulnerable market position commercial and IT sectors candidates and particip
Slide 23: Outlook
Outlook Group Personnel Services segment Training segment Group Shortfall of the set average segment Accelerated growth is limited due to As a result of the persistently targets and missing the prior year's burdened demand for publicly funded challenging economic situation, result. training (B2G) in
Slide 24: Key points of the long-term strategic plan
Key points of the long-term strategic plan Group > 5,000 Employees > € 500 million Revenue > € 100 million Operating EBITA* Amadeus Fire Group | Group presentation 24
Slide 25: Management Board
Management Board Amadeus Fire Group | Group presentation 25
Slide 26: Robert von Wülfing, CEO & CFO
Investor Relations Group Robert von Wülfing (German, born 1972) Chief Executive Officer & Chief Financial Officer Member of the Management Board as CFO since November 2012 Chairman of the Management Board since November 2020 Reappointed until 31st December 2025 Robert von Wülfing started his busines
Slide 27: Dennis Gerlitzki, COO Personnel Services
Investor Relations Group Dennis Gerlitzki (German, born 1976) Chief Operating Officer Personnel Services Member of the Management Board since January 2019 Reappointed until 31st December 2026 Dennis Gerlitzki studied business administration with a special focus on marketing and technology management
Slide 28: Monika Wiederhold, COO Training
Investor Relations Group Monika Wiederhold (German, born 1969) Chief Operating Officer Training Member of the Management Board since November 2024 Appointed until 31st December 2027 Monika Wiederhold holds a diploma in mathematics (TU Darmstadt) and a Master of Business Administration (MBA, Hult Int
Slide 29: Dividend policy
Dividend policy Amadeus Fire Group | Group presentation 29
Slide 30: Dividend policy
Dividend policy Group Overview of dividend payments (in € per share) 5,50 +11% As a consequence of the acquisition 5.00 5,00 of the Comcave College and the corona 4.66 4.50 4,50 pandemic, the dividend was suspended 3.96 4,00 in 2019 after years of full distribution, 3.66 3.53 3,50 3.37 followed by a
Slide 31: Investor Relations
Investor Relations Amadeus Fire Group | Group presentation 31
Slide 32: Shareholder Structure
Investor Relations Group Shareholder Structure (as of 21st January 2025) Market Capitalisation: ~ 440 million EUR 11.77% Active Ownership Corporation S.à r.l. (LUX) # Shares: 5,432,157 Major investors within the free float: (since 7th November 2023) 5.6% Allianz Global Investors GmbH (GER) 5.1% BNP
Slide 33: Financial calendar 2025
Investor Relations Group Financial calendar 2025 06 Feb 2025 HIT Hamburg Investor Days 06 May 2025 Publication of Q1/3M Interim Statement 2025 of Montega AG, Hamburg (post trading hours) Mid of Feb 2025 Publication of preliminary unaudited 07 May 2025 Conference Call Q1/3M 2025 at 08.30 a.m. CEST fi
Slide 34: Investor Relations
Investor Relations Group Amadeus Fire share Investor Relations ISIN DE0005093108 Contact Jörg Peters Ticker symbol AAD (Deutsche Börse AG) Phone +49 (0)69 96 87 61 80 AAD:PZ (Bloomberg) AMDG.DE (Reuters) Mail ir@amadeus-fire.de Homepage https://group.amadeus-fire.de Free Float > 88% (as defined by D
Slide 35: Definition operating EBITA and Legal Disclaimer
* Definition operating EBITA at Amadeus Fire Group: Profit from operations before goodwill impairment and amortisation of intangible assets from the purchase price allocation / as well as before effects from the measurement of the purchase price liability of the non- controlling shareholders in Amad