Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Investor Presentation (June 2019)
20 slides from Waberer's International Nyrt's investor presentation, June 2019
Slide 1: Investor Presentation
Investor Presentation WABERER’S INTERNATIONAL Nyrt. | June 2019
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 | Current Challenges and Transformation Plans | Financial Statements Highlights | Appendix |3
Slide 4: At a Glance – Waberer's Long-term Growth Story
At a Glance – Waberer’s Long-term Growth Story Where we come from 4,450(1) 175 2002(8) 2018 | 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 5: Established Market Leadership On a Fragmented Market
Established Market Leadership On a Fragmented Market #1 Own International Fleet FTL Player in Europe Highly Fragmented European Market | International Fleet Size(1) | Transportation Companies by Fleet Size(7) (Number of Vehicles, Latest Available) 3 540(2) 51% 34% 13% 1% 2 650 % of Truck Operators 2
Slide 6: Capital Market Overview
Capital Market Overview IPO Allocation Structure Shareholder Structure(1) Domestic institutional investors EUR 50 mn EUR 15 mn 7% Primary Allocated to 1% 14% Foreign institutional investors issuance retail investors (new shares) Retail investors and employees EUR 80 mn 6% CEE Transport Holdco S. à r
Slide 7: Agenda
Agenda | Investment Case Highlights | Current Challenges and Transformation Plans | Financial Statements Highlights | Appendix |7
Slide 8: Margin Pressure Remains with Utilisation Bottoming
Margin Pressure Remains with Utilisation Bottoming Evolution of the prices of key cost items Price increases continue to be successful (index, 2017 average=100) (1) (Average prices for the ITS segment; index, 2017 average=100) (2) 120 +7% 110 +6% ITS 115 108 Average wages +5% 106 110 Fuel price 104
Slide 9: Q1 2019 Group Results
Q1 2019 Group Results Group Revenue and Recurring EBITDA Group revenue grew Q1 2019 as a result of higher prices in (IFRS 16 (1), EUR mn) international, volume additions in regional segment and third party insurance +2% -24% Decreasing recurring EBITDA reflects volatile volumes 179 182 19.9 In
Slide 10: Update on Transformation Measures
Update on Transformation Measures Progress on short-term measures Fleet reduction Headcount reduction Procurement savings and portfolio optimization and CAPEX Goal is to boost profitability by selecting Goal is identify and reduce all expenses Goal is to reduce direct cost in the the best part of th
Slide 11: Current Trading and Short-term Outlook
Current Trading and Short-term Outlook • Q1 results in line with management expectations • Current trading still impacted by macro headwinds • Contract flow positive • Turnaround expected to be seen in H2 2019 | 11
Slide 12: Agenda
Agenda | Investment Case Highlights | Current Challenges and Transformation Plans | Financial Statements Highlights | Appendix |12
Slide 13: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn unless otherwise stated) 2019 2018 Better/worse Better/worse Q1 Q1 EUR mn percent Revenue 182.2 178.9 3.3 1.8% Direct Costs(2) (152.3) (147.7) (4.7) (3.2%) Gross profit 29.8 31.2 (1.4) (4.4%) OPEX(2) (12.1) (11.8) (0.3) (2.8
Slide 14: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Group selected balance sheet items (IFRS 16 (1), EUR mn unless otherwise stated) 31 March 2019 31 Dec. 2018 31 March 2018 Total Non-current Assets 537 494 498 Total Current Assets 232 231 243 Total Assets 769 725 741 Total Shareholder's Equity 143 145 167 Total Liabilitie
Slide 15: IFRS 16 impact
IFRS 16 impact IFRS 16 impact on Q1 2019 income statement IFRS 16 impact on 31 March 2019 balance sheet Balance Balance Income Income sheet sheet statement statement IFRS 16 items IFRS 16 items before reported impact before impact reported IFRS 16 according IFRS 16 according adjustment to IFRS 16 ad
Slide 16: Agenda
Agenda | Investment Case Highlights | Current Challenges and Transformation Plans | Financial Statements Highlights | Appendix |16
Slide 17: Diversified, Blue-Chip Customer Base
Diversified, Blue-Chip Customer Base FF Client Base Effectively Addresses Seasonality Well Diversified Across Industry Verticals | Customers by Type | Customer Industries (2018, % of Subcontractor Revenues) (2017, % of ITS Revenues) Paper & Chemicals Freight Forwarder 6% Automotive 19% Non-classifie
Slide 18: Resilient Business Model
Resilient Business Model Industry-Leading Production Costs Flexible Asset Cycle | Fleet Cycle Trucks are handed High fuel efficiency Avg. # of Trucks 3 785 back after 4-5 years 3 604 181 of use Optimised procurement of trucks 694 694 Continuous fleet renewal programme Standardised in-house maint
Slide 19: Industry Recognised and Highly Regarded Board of Directors
Industry Recognised and Highly Regarded Board of Directors Gerard van Kesteren Robert Ziegler Chairman of the Board Board Member Board member since 2016, Chairman since August 2018 Board member since April 2019 Previously financial controller and CFO at Kühne + Nagel Joined the Group as CEO
Slide 20: 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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