Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q4 2017 Earnings Presentation
21 slides from Waberer's International Nyrt's earnings presentation, Mar 8, 2018
Slide 1: Q4 2017 Results Presentation
Q4 2017 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, March 8, 2018
Slide 2: Forward-looking statements
Forward-looking statements 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 therefor
Slide 3: Agenda
Agenda | Investment Case Highlights | Q4 and FY 2017 Results | Financial Statements |3
Slide 4: Waberer's Growth Strategy – We Are Delivering
Waberer’s Growth Strategy – We Are Delivering 2017 performance ahead of expectations 2018 outlook points to further positive trends Industry consolidation set to continue |4
Slide 5: 2017 Growth and Strategy
2017 Growth and Strategy Scale Efficiency Innovation Consolidation Profitability Largest European Market-Leading Developing and Platform Track Record of Own FTL Fleet Fleet Utilisation Applying Technology Attractive Strong Financial Systems Consolidation Performance Prospects € Delivering Significan
Slide 6: At a Glance – Waberer's Long-term Growth Story
At a Glance – Waberer’s Long-term Growth Story Where we come from 4,303(1) 175 2002(8) 2017 | 1948 | 1994 | 2002 | 2006 | 2011 | 2013 | 2016 | 2016 | 2017 Creation Acquisition of Acquisition of Acquisition Initial MEP Acquisition of Acquisition MEP acquired Acquisition of the Volán Tefu in a Hungaro
Slide 7: Consistent Growth - Top Line and Profit
Consistent Growth - Top Line and Profit Consistent Growth of Revenues Across Segments Growing Profit Contribution Across Segments | Revenue CAGR | EBITDA (recurring) CAGR (EUR mn) (EUR mn) 12.7% 2014-2017 2014-2017 13.7% 12.9% 674 10.7% 13.7% 86 8.0% 572 51 72 73 7 523 123 16.6% 68 496 32 4 17 29.3%
Slide 8: Strategy and 2017 Developments
Strategy and 2017 Developments Scale Efficiency Innovation Consolidation Profitability Largest European Market-Leading Developing and Platform Track Record of Own FTL Fleet Fleet Utilisation Applying Technology Attractive Strong Financial Systems Consolidation Performance Prospects € 2017 developmen
Slide 9: Outlook – High Confidence In Continued Growth Delivery
Outlook – High Confidence In Continued Growth Delivery Scale Efficiency Innovation Consolidation Profitability Largest European Market-Leading Developing and Platform Track Record of Own FTL Fleet Fleet Utilisation Applying Technology Attractive Strong Financial Systems Consolidation Performance Pro
Slide 10: Agenda
Agenda | Investment Case Highlights | Q4 and FY 2017 Results | Financial Statements |10
Slide 11: Highlights – Q4 and FY 2017 Results
Highlights – Q4 and FY 2017 Results 2017 FY Revenue1 up by 18% due to organic growth and Link acquisition Expansion split evenly 2017 Q4 Revenue increased by 21% on continuing price increases and between organic and organic growth in the regional segment, as well as acquisitions inorganic factor
Slide 12: Group performance – Q4 2017
Group performance – Q4 2017 |Revenue (left) and recurring EBITDA (right) by segments Revenue growth of 21% to which all three segment (EUR mn) contributed significantly +21% +47% EBITDA up 47% as a result of a balanced combination of organic efficiencies and Link 179 20.5 13 1.3 Net income gro
Slide 13: International Transportation Segment – Q4 2017
International Transportation Segment – Q4 2017 | ITS selected financials (unaudited IFRS, EUR mn) and KPIs 24% revenue growth due to continuing price increases and Q4 Q4 Increase acquisition effects 2016 2017 (decrease) EBITDA growth thanks to Link’s Revenue 110.4 136.7 23.8% contribution of EUR
Slide 14: Regional Contract Logistics - Q4 2017
Regional Contract Logistics - Q4 2017 | RCL selected financials (unaudited IFRS, EUR mn) and KPIs 8% growth in revenue driven by higher prices and higher customer Q4 Q4 Increase demand 2016 2017 (decrease) EBITDA up by 41% as a result of Revenue 29.4 31.6 7.6% organic growth and a one-off cost i
Slide 15: Other segment – Q4 2017
Other segment – Q4 2017 | Other segment selected financials (unaudited IFRS, EUR mn) Revenue in the Other segment Q4 Q4 Increase increased by 22.5% due to more third party clients 2016 2017 (decrease) Revenue 10.8 13.2 22.5% EBITDA rose to EUR 1.3 million with Direct Costs (9.8) (12.6) (28.0%) E
Slide 16: Agenda
Agenda | Investment Case Highlights | Q4 and FY 2017 Results | Financial Statements | 16
Slide 17: Financial statements – Income statement
Financial statements – Income statement | Group selected income statement financials (unaudited IFRS, EUR mn unless otherwise stated) 2017/2016 abs. 2017/2016 % 2016 2017 change change Q4 FY Q4 FY Q4 FY Q4 FY Revenue 148.0 572.4 178.9 674.4 30.8 102.0 20.8% 17.8% Direct Costs (119.2) (452.6) (142.4)
Slide 18: Financial statements – Balance sheet
Financial statements – Balance sheet | Group selected balance sheet items (unaudited IFRS, EUR mn unless otherwise stated) end-Dec 2016 end-Sep 2017 end-Dec 2017 TOTAL NON-CURRENT ASSETS 345 453 452 TOTAL CURRENT ASSETS 169 213 229 o/w Trade receivables 88 125 119 o/w Cash and cash equivalents 32 38
Slide 19: Financial statements – Cash flow statement
Financial statements – Cash flow statement | Group selected cash flow items (unaudited IFRS, EUR mn unless otherwise stated) 2016 FY 2017 FY Net cash flows from (used in) operating activities 71.2 84.5 of which: change in working capital 1.4 (5.0) Net cash flows from (used in) investing and financin
Slide 20: Waberer's Growth Strategy – We Are Delivering
Waberer’s Growth Strategy – We Are Delivering 2017 performance ahead of expectations 2018 outlook points to further positive trends Industry consolidation set to continue | 20
Slide 21: WABERER'S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351.
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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