Slide 1: Europe's leading online tyre retailer – H1 2023 Results
Europe‘s leading online tyre retailer H1 2023 Results 1
Slide 2: Agenda
Market environment H1 2023 1 Key financials H1 2023 2 AGENDA Outlook H1 2023 3 Content of Webcast 2
Slide 3: H1 2023: Market Environment (1/2)
H1 2023: MARKET ENVIRONMENT (1/2) Consumer sentiment remains very tense due to inflation at a continuing high level According to ETRMA, European tyre industry saw volume decrease of 12.0 % in H1 2023 in the consumer tyre segment (summer: -11 %, all-season: 0 %, winter: -32 %); market participants ar
Slide 4: H1 2023: Revenues Development
H1 2023: REVENUES DEVELOPMENT Revenues (in €m) -3.8 % -8.8 % -0.2 % GMV GMV GMV 220 198 120 129 78 91 -10.0% / -13.8% / -7.4% / -22.0 €m -13.0 €m -9.0 €m H1 2023 H1 2022 Q1 2023 Q1 2022 Q2 2023 Q2 2022 Gross merchandise volume (GMV) Previous shop business supplemented by platform business results in
Slide 5: H1 2023: Gross Margin & Gross Profit Margin
H1 2023: GROSS MARGIN & GROSS PROFIT MARGIN Gross margin simple Gross profit simple (Revenues less COGS; (Revenues less COGS; in % of Revenues) in €m) 45 47 22.9 21.2 +1.7 pps. -2.9% H1 2023 H1 2022 H1 2023 H1 2022 66 63 Gross profit margin Gross profit (Total income less COGS; (Total income less CO
Slide 6: H1 2023: EBITDA
H1 2023: EBITDA Reported EBITDA (in €m) H1 2023 H1 2022 Q1 2023 Q1 2022 Q2 2023 Q2 2022 8.9 7.5 7.1 6.8 -2.1 €m -2.4 €m 1.7 +0.4 €m -0.7 EBITDA margin: EBITDA margin EBITDA margin 3.4% (H1 2022: 4.0%) -1.0% (Q1 2022: 1.9%) 6.3% (Q2 2022: 5.5%) Operative EBITDA increased from € 6.7 million to € 7.2 m
Slide 7: H1 2023: EBIT
H1 2023: EBIT EBIT (in €m) H1 2023 H1 2022 Q1 2023 Q1 2022 Q2 2023 Q2 2022 6.1 5.0 4.3 3.2 -1.1 €m -2.2 €m +1.1 €m -0.7 -2.9 EBIT margin: EBIT margin EBIT margin 1.6% (H1 2022: 2.0%) -3.8% (Q1 2022: -0.8%) 5.1% (Q2 2022: 3.9%) EBIT for H1 2023 only € 1 million lower than in the prior year period des
Slide 8: H1 2023: P&L
H1 2023: P&L Unit H1 2023 H1 2022 Revenues €m 197.7 219.7 -10.0% Year-on-year decline in revenues results to a large extent from the reclassification Gross profit €m 62.7 65.9 -4.9% Improved gross margin due to change in the sales mix Personnel expenses €m 7.4 7.1 +4.4% Year-on-year increase in pers
Slide 9: H1 2023: Balance Sheet: Assets (Excerpt)
H1 2023: BALANCE SHEET: ASSETS (EXCERPT) Unit 30.06.2023 31.12.2022 30.06.2022 Non-current assets €m 118.5 119.7 102.9 Increased fixed assets is mainly due to additions to property, plant and equipment Fixed assets €m 95.4 95.1 87.6 Other assets €m 23.1 24.6 15.3 Current assets €m 117.0 75.5 128.2 A
Slide 10: H1 2023: Balance Sheet: Equity & Liabilities (Excerpt)
H1 2023: BALANCE SHEET: EQUITY & LIABILITIES (EXCERPT) Unit 30.06.2023 31.12.2022 30.06.2022 Consolidated net income of 1.5 €m Equity €m 41.3 39.7 39.6 strengthened equity Liabilities €m 194.2 155.5 191.6 Long-term lease obligations (IFRS 16) Long term liabilities €m 52.1 57.1 47.6 Short-term liabil
Slide 11: Share buyback program
Share buyback program Management Board resolved to implement a share buyback program, utilizing the authorization granted by resolution of the Annual General Meeting on July 7, 2020 Delticom AG aims to acquire up to 100,000 own shares via the stock exchange in the period from July 4, 2023 to Decembe
Slide 12: H1 2023: Free Cashflow
H1 2023: FREE CASHFLOW Free Cashflow H1 2023 (€m) Free Cashflow H1 2022 (€m) Cashflow from operating Cashflow from investing Cashflow from operating Cashflow from investing activities activities Free Cashflow activities activities Free Cashflow 5.2 -3.1 -0.9 -2.2 -6.0 -11.2 Improved operating cashfl
Slide 13: Outlook FY 2023: Revenues and EBITDA Guidance
OUTLOOK FY 2023: REVENUES AND EBITDA GUIDANCE € 470 – 504 million Positive Free Cashflow in the mid single-digit million range € 14 – 18.9 million Revenues 2023e EBITDA (operative) 2023e ➔ Revenues forecast adjusted: revenues of around € 30 million are expected to be shifted from our shops to platfo
Slide 14: Q&A
Q&A A firm grip on the road to success 14