Magis S.p.a. · MIL:MGS
Magis — FY2023 Earnings Presentation
10 slides from Magis's earnings presentation, Mar 27, 2024
Slide 1: 2023 Annual Results Presentation
2023 ANNUAL RESULTS PRESENTATION
Slide 2: FY 2023 Results
FY 2023 RESULTS PROFITABILITY Focus on high-margin products, new markets, and top-tier clients. This approach led to a significant ENHANCEMENT improvement in Ebitda margin, increasing from 17,7% in 2022 to 20,7% in 2023 STRONG CASH • Cash conversion 67,6% GENERATION • FCF yield 16,4%; FCF yield full
Slide 3: FY 2023 - KPIs
FY 2023 - KPIS REVENUES EBITDA ADJUSTED(1) € mln € mln 93,2 27,0 22,0 16,5 16,3 17,0 78,9 12,0 7,0 2,0 2022A 2023A -3,0 2022A 2023A Revenues EBITDA Adj NFP ADJUSTED(1) EBITDA MARGIN ADJUSTED(1) € mln € mln, % Revenues 16.470 20,7% 5.541 17,7% 2022 PFN Adj 2023A 2022A EBITDA Margin Adj 2023A Notes: (
Slide 4: Net Working Capital
NET WORKING CAPITAL NET WORKING CAPITAL € mln 9,6 10,6 13,8 14,8 11,7 11,8 (12,1) (13,8) (1,8) (1,8) (1,9) (0,4) 2022A 2023A Inventories Trade receivables Trade payables Accrued income Other receivables DAYS 2022A 2023A DSO(1) 54 68 DPO(2) 64 89 DIO raw materials (3) 53 60 DIO semi-finished and fini
Slide 5: NFP Evolution 2023
NFP EVOLUTION 2023 NFP ADJ(1) BRIDGE 2023 € mln Notes: (1) Adjustments mainly related to IFRS 16 effect with elimination of lease payments and a finance lease transaction, and to changes in receivables from others, see p.9 and 11 for details. 5 Source: Management
Slide 6: P&L 2023 - ITA GAAP
P&L 2023 - ITA GAAP PROFIT AND LOSS ACCOUNT 2022A 2023A Revenues from sales and services 93.174 78.890 Changes in inventories of work in progress, semi-finished and finished products (629) (350) Increases in fixed assets for internal work - - Other revenues and income 874 2.442 Value of production 9
Slide 7: Balance Sheet 2023 - ITA GAAP
BALANCE SHEET 2023 - ITA GAAP Balance Sheet 2022A 2023A 0€ '000 % NIC € '000 % NIC Intangible fixed assets 3.761 3.248 Tangible fixed assets 20.017 19.457 Finacial fixed assets 85 5 Total fixed assets 23.863 72% 22.710 69% Inventories 11.693 11.822 Trade receivables 13.817 14.837 Trade payables (12.
Slide 8: Cash Flow 2023
CASH FLOW 2023 Cash flow 2022A 2023A EBIT 11.978 11.980 Current, deferred and prepaid income taxes for the year (2.698) (2.771) Ammortisation, depreciation and write downs 2.893 2.791 - ∆ NWC 2.860 (996) ∆ Funds (390) 28 Operating cash flow 14.642 11.032 - Capex (3.462) (1.718) Intangible Capex (808
Slide 9: Adjustments Summary: IFRS 16
ADJUSTMENTS SUMMARY: IFRS 16 ADJUSTED EBITDA AJDUSTED NET FINANCIAL POSITION Adjustments EBITDA Adjustments NET FINANCIAL POSITION € '000 2022A 2023A € '000 2022A 2023A EBITDA Reported 14.871 14.771 Bank and postal deposits (10.910) (17.100) IFRS 16 effect – elimination of lease payments 757 757 Cas
Slide 10: Disclaimer
DISCLAIMER The information contained in this presentation (the “Presentation”) has been prepared by Magis S.p.A. (the “Company” or “Magis”) for the sole purpose of the presentation made to you concerning the Company. This Presentation and the information contained herein are strictly confidential. D