Kamux Oyj · OMXHEX:KAMUX
Kamux Oyj — Q3 2021 Earnings Presentation
27 slides from Kamux Oyj's earnings presentation, Nov 12, 2021
Slide 1: Kamux Quarterly Results Presentation January–September 2021
Kamux — Quarterly Results Presentation January—September 2021 CEO Juha Kalliokoski CFO Marko Lehtonen 1 NOVEMBER 12, 2021 Q3 INTERIM REPORT
Slide 2: Table of Contents
Table of Contents Quarterly Results Presentation Q3 2021 Strategy, Financial Outlook and Q3 in Brief Summary Development Financial Targets 2 NOVEMBER 12, 2021 Q3 INTERIM REPORT
Slide 3: Kamux Vision
Kamux Vision #1 used car retailer in Europe 3 NOVEMBER 12, 2021 Q3 INTERIM REPORT
Slide 4: Kamux Q3 2021 in Brief
Kamux Q3 2021 in Brief 1. 3. 5. Kamux's internationalization Revenue increased Adjusted operating profit progressed, and total revenue by 22.8% decreased by -19.1% and was increased in Sweden by 12.9% to EUR 254.6 million EUR 10.0 million (12.4), to EUR 78.4 million (207.4) or 3.9% (6.0) of revenue
Slide 5: The Used Car Market Decreased in All Countries
The Used Car Market Decreased in All Countries Market Kamux’s Market size market development Kamux’s position and Market (2020) share during Q3 development during Q3 Finland ~0.6 ~8.0% We estimate that Kamux maintained its In January-September million #1 the used car market market leader position. 2
Slide 6: Kamux Q3 2021 — Very Strong Revenue Growth
Kamux Q3 2021 — Very Strong Revenue Growth Revenue (EUR million) Adjusted Operating Profit (EUR million) +22.8% -19.1% 260 13 240 12 220 11 200 10 180 9 160 8 140 7 120 6 100 5 80 4 60 3 40 2 20 1 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 2020 2018 2020 2019 2021 2019 2021 The revenue increased by 22.8% Adju
Slide 7: Number of Cars Sold Increased Q3 2021
Number of Cars Sold Increased Q3 2021 Sold Cars (pcs) +8.2% 20 000 18 699 18 000 17 285 16 760 16 242 16 000 15 409 15 733 14 395 14 227 14 000 13 441 13 413 12 187 12 000 13 171 12 751 11 513 10 000 11 456 12 108 12 213 10 888 10 937 8 000 10 615 10 291 9 688 6 000 4 000 3 757 4 106 3 143 2 876 3 0
Slide 8: Integrated Services Revenue Increased Q3 2021
Integrated Services Revenue Increased Q3 2021 Integrated Services Revenue MEUR % 12 5.7% 6 5.4% 5.3% 10.2 5.1% 10.7 5.0% 5.0% 9.4 4.7% 9.9 10 9.4 4.6% 9.4 5 8.9 8.6 8.6 4.5% 4.3% 4.2% 7.9 4 8 7.1 6 3 4 2 2 1 0 0 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Finance fees and insur
Slide 9: New Openings and Showrooms on November 12, 2021
New Openings and Showrooms on November 12, 2021 2021 FINLAND SWEDEN GERMANY TOTAL Q1 — — — — Q2 — Gothenburg — 1 Q3 — — — — Announced openings Oulu Malmö — 2 2021 FINLAND SWEDEN GERMANY TOTAL Total showrooms 50 21 8 79 November 12, 2021 9 NOVEMBER 12, 2021 Q3 INTERIM REPORT
Slide 10: Financial Development
Financial Development 10 NOVEMBER 12, 2021 Q3 INTERIM REPORT
Slide 11: The Implementation of Our Growth Strategy Progressed Well
The Implementation of Our Growth Strategy Progressed Well, Very Strong Quarter in the Comparison Period • Inventory levels decreased slightly during the summer season as planned • Net cash flow from the operating activities was EUR 22.8 million and it improved significantly compared to the previous
Slide 12: Key Figures
Key Figures (MEUR) 7-9/2021 7-9/2020 Change, % 1-9/2021 1-9/2020 Change, % 1-12/2020 Revenue 254.6 207.4 22.8% 693.3 525.3 32.0% 724.1 Gross profit 29.0 28.9 0.4% 72.7 67.7 7.3% 91.5 as percentage of revenue, % 11.4% 13.9% 10.5% 12.9% 12.6% Operating profit (EBIT) 10.0 12.1 -17.5% 18.5 23.8 -22.2% 3
Slide 13: Kamux Finland — Strong Revenue Growth Q3 2021
Kamux Finland — Strong Revenue Growth Q3 2021 Revenue (EUR million) +13.1% 175 • Revenue increased by 13.1% compared to 150 125 the previous year and was EUR 164.3 100 million (145.2). 75 50 • Gross margin was at previous year’s level 25 and amounted to EUR 22.1 million (22.1), 0 Q1 Q2 Q3 Q4 or 13.4
Slide 14: Kamux Sweden — Strong Revenue Growth Q3 2021
Kamux Sweden — Strong Revenue Growth Q3 2021 Revenue (EUR million) +12.9% 80 60 • Total revenue increased by 12.9% compared 40 to the previous year and was EUR 78.4 million (69.4). 20 • Gross margin increased to EUR 5.3 million 0 Q1 Q2 Q3 Q4 (4.9), or 6.8% (7.1%) of revenue. 2018 2020 • Operating pr
Slide 15: Kamux Germany — Very Strong Revenue Growth Q3 2021
Kamux Germany — Very Strong Revenue Growth Q3 2021 Revenue (EUR million) 30 25.7% 25 • Total revenue increased by 25.7% compared 20 to the previous year and was EUR 24.1 million 15 10 (19.1). 5 • Gross margin decreased to EUR 1.6 million 0 Q1 Q2 Q3 Q4 (1.9), or 6.5% (9.8) of revenue. 2018 2020 • Ope
Slide 16: Net Working Capital and Inventories Increased
Net Working Capital and Inventories Increased Net Working Capital (EUR million) Inventories (EUR million) +16.6% 100 130 +23.8% 90 120 110 80 100 70 90 60 80 70 50 60 40 50 30 40 30 20 20 10 10 0 0 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20
Slide 17: Net Cash Flow Improved Significantly Compared to the Comparison Period
Net Cash Flow Improved Significantly Compared to the Comparison Period Cash Flow from Operating Activities Components of Cash Flow from Operating (EUR million) Activities Q3/2021 (EUR million) 24 25 22 20 -1,6 18 16 20 14 11,1 12 22,8 10 8 15 6 4 2 10 6,0 0 -2 7,3 -4 -6 5 -8 -10 -12 -14 0 Q1 19 Q2 1
Slide 18: Investments in Knowledge Management and Construction of a Processing Centre in Oulu
Investments in Knowledge Management and in Construction of a Processing Centre in Oulu Continued Investments (EUR million) • In line with our strategy, we have 2,5 systematically invested in growth. 2,0 1,5 • Kamux seeks to gain a significant 1,0 competitive advantage by investing in 0,5 leading wit
Slide 19: Development in the Number of Shareholders
Development in the Number of Shareholders Number of shareholders 30000 +12,018 Number of 25000 shareholders almost 20000 doubled vs. 3/2020 to 24,317 15000 shareholders 10000 5000 0 19 NOVEMBER 12, 2021 Q3 INTERIM REPORT
Slide 20: Strategy, Outlook and Financial Targets
Strategy, Outlook and Financial Targets 20 NOVEMBER 12, 2021 Q3 INTERIM REPORT
Slide 21: Strategy Implementation
Strategy Implementation Omnichannel customer Efficient processes and Utilizing data and leading Developing capabilities and experience and services scalability with knowledge continuous learning • Pilot project of Kamux • The next mega store will • Our new CRM-ERP • Focus on developing Huoleton, mon
Slide 22: Financial Targets 2021–2023
Financial Targets 2021–2023 • Revenue growth of over 20% annually Indicator Target Actual 1-9/2021 (from Feb 26, 2021) • Annually increasing adjusted EBIT and Revenue growth Over 20% 32.0% adjusted EBIT margin over 3.5% annually • Return on equity (ROE) over 25% Adjusted Annually EUR 22.4 million •
Slide 23: Outlook for 2021
Outlook for 2021 In 2021, Kamux expects its revenue to reach EUR 850–900 million and adjusted operating profit to increase from the previous year
Slide 24: Summary
Summary
Slide 25: Summary Q3 2021
Summary Q3 2021 1. 3. 5. Kamux's internationalization Revenue increased Adjusted operating profit progressed, and total revenue by 22.8% decreased by -19.1% and was increased in Sweden by 12.9% to EUR 254.6 million EUR 10.0 million (12.4), to EUR 78.4 million (207.4) or 3.9% (6.0) of revenue and in
Slide 26: Thank you!
KAMUX 6-3 Thank you!
Slide 27: Disclaimer
Disclaimer It should be noted that Kamux and its Since these statements are based on business are exposed to various risks current plans, estimates and and uncertainties, and certain projections, they involve risks and statements herein which are not uncertainties that may cause actual historical fa