Tcm Group As · OMXCOP:TCM

Tcm Group As — Q2 2023 Earnings Presentation

9 slides from Tcm Group As's earnings presentation, Aug 18, 2023

  1. Slide 1: TCM Group A/S Interim Report April-June 2023

    TCM Group A/S Interim Report April-June 2023 August 18, 2023

  2. Slide 2: Business update Q2 2023

    Business update Q2 2023  Sales development in line with our expectations  Sales decreased by 19% y-o-y, and with a modest decline of 3.5% on Q1  B2C sales remained weak in the quarter, increasing the relative share of B2B sales.  Gross margin improvement on Q1, up from 18.5% to 20.0%  Productio

  3. Slide 3: Q2 Revenue development in line with our expectations

    Q2 Revenue development in line with our expectations Revenue 264 mDKK (325 mDKK) Cash conversion 19% 56.1% revenue decline (49.5%) y-o-y NWC ratio Adjusted EBIT -1.1% 22 mDKK (-2.6%) (39 mDKK) Adjusted EBIT margin 8.4% (12.0%) 3

  4. Slide 4: Q2: Revenue development

    Q2: Revenue development 2023 2022 2023 2022 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Net revenue (mDKK) 264 325 538 606 - Revenue decline -18.7% -11.3% Q2 comments:  Reported revenue in Denmark decreased by 16.8% y-o-y  Revenue outside Denmark decreased by 34.3%. Measured in local currency sales to Norway

  5. Slide 5: Income statement highlights

    Income statement highlights 2023 2022 2023 2022 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Net revenue (mDKK) 264 325 538 606 - Gross Margin 20.0% 21.3% 19.3% 21.3% Adjusted EBIT (mDKK) 22 39 35 65 - Adjusted EBIT margin 8.4% 12.0% 6.6% 10.7% Q2 comments:  Increasing share of low margin B2B project sales dilu

  6. Slide 6: Reduction in NIBD due to rights issue of DKK 77m

    Reduction in NIBD due to rights issue of DKK 77m 2023 2022 Jun Jun Net working capital (mDKK) -12 -29 NWC ratio -1.1% -2.6% NIBD (mDKK) 259 333 Leverage (incl. IFRS 16) 2.80 2.35 Q2 comments:  Increase in NWC compared to Q2 LY primarily due to lower trade and other payables.  Inventories largely s

  7. Slide 7: Cash flow

    Cash flow 2023 2022 2023 2022 Apr-Jun Apr-Jun Jan-Jun Jan-Jun Operating profit (mDKK) 20 43 31 63 Depreciation and amortization (mDKK) 5 4 10 9 Other non-cash operating items 0 0 0 0 Change in NWC (mDKK) -14 -15 -48 -58 Tax a.o (mDKK) 0 0 -11 -7 Capex excl. acquisitions, net (mDKK) -13 -6 -19 -13 Fr

  8. Slide 8: Financial outlook 2023

    Financial outlook 2023 TCM Group Financial outlook on earnings adjusted:  Net revenue: DKK 1,050-1,125 (previously DKK 1,050-1,175)  EBIT: DKK 68-90m (previously DKK 68-102m) (EBIT excluding non-recurring items) Revenue development Adjusted EBIT development DKKm DKKm 1,146 1,108 1,050-1,125 154 14

  9. Slide 9: Q&A

    Q&A

TCM Group — Q2 2023 Earnings Presentation on 6ix