Colt Cz Group Se · PSECZ:COLT

Colt Cz — CZG – Česká zbrojovka Group — FY2020 Earnings Presentation

15 slides from Colt Cz's earnings presentation, March 2021

  1. Slide 1: CZG – Česká zbrojovka Group SE Financial Highlights Full Year 2020

    CZG – ČESKÁ ZBROJOVKA GROUP SE FINANCIAL HIGHLIGHTS Full year 2020 March 2021 INVESTOR REPORT

  2. Slide 2: Legal disclaimer

    Legal disclaimer IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING • This presentation (the “Presentation”) has been prepared by CZG - Česká zbrojovka Group SE, with its registered office at Opletalova 1284/37, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the C

  3. Slide 3: Agenda and today's presenters

    Agenda and todays presenters 1 PRESENTERS LUBOMÍR KOVAŘÍK JAN DRAHOTA Chairman of the Board of Vice-chairman of the Board FY 2020 AT A GLANCE Directors of Directors, Head of CZG Finance 2 CZG Responsible for strategy and business Responsible for finance and M&A, Head of development, Chairman since 2

  4. Slide 4: FY 2020 at a glance

    1 FY 2020 at a glance Despite the lockdown caused by COVID-19 pandemic, company managed to increase its revenues by +14.6% for FY 2020, compare to FY 2019, to CZK 6.8 bn Sales driven by strong demand for CZ products globally, especially by the commercial market in the US GROW Acquisition of 25% stak

  5. Slide 5: FY 2020 at a glance – Operational performance

    1 FY 2020 at a glance – Operational performance Revenue breakdown by units sold Comments '000 units % change vs FY2019 Total units sold increased by almost 25% to 467 thousands in FY 2020, compared to 374 thousands units sold in FY 2019 Short guns 306 +31.7% Geographical revenue split dramatically i

  6. Slide 6: Financial highlights - Key indicators FY 2020

    2 Revenue Financial highlights - Key indicators FY 2020 Operating profit CZKm CZKm Guidance 15.8% 15.5% 12,500 – 12,800 1400 0.0% Guidance 1200 +11.9% 1,056 -100.0% 7,100 – 7,400 944 -200.0% +14.6% 1000 6,829 -300.0% 5,959 800 -400.0% 600 -500.0% 400 -600.0% 200 -700.0% 0 -800.0% FY 2019 FY 2020 FY

  7. Slide 7: Financial highlights – Cash flow indicators FY 2020

    2 Financial highlights – Cash flow indicators FY 2020 Operating cash flow Capital expenditures CZKm CZKm 2500 150.0% 700 124.4% Guidance 50.0% 6.9% 7.2% 4.6% 4.8% 5.0 – 7.0% 600 2000 83.4% 100.0% 1,838 500 -40.0% 1500 50.0% 386 40.2% 37.7% 400 -130.0% 331 313 929 300 274 1000 0.0% -220.0% 200 505 50

  8. Slide 8: Financial highlights – Net debt FY 2020

    2 Financial highlights – Net debt FY 2020 Debt structure Debt maturity profile3 CZKm 3000 CZKm New CZG 2027 bonds 2500 59.3 37 19.5 5,000 2000 64.5 1500 Bank loans 2,250 2,250 2,250 2,250 1000 1,500 Bonds 500 0 0 0 0 0 0 FY 2017 FY 2018 FY 2019 FY 2020 2021 2022 2023 2024 2025 2026 2027 Net financia

  9. Slide 9: Financial highlights – Q&A section

    2 Financial highlights – Q&A section THANK YOU FOR YOUR ATTENTION

  10. Slide 10: Appendix – Summary of selected KPIs

    3 Appendix – Summary of selected KPIs Unaudited consolidated financial results CZK '000 / % FY 2020 FY 2019 change Revenues 6,829,106 5,958,742 14.6% Underlying EBITDA from continued operations1 1,470,703 1,314,333 11.9% Profit before tax (EBT) 851,023 912,455 (6.7%) Net income 676,571 749,311 (9.7%

  11. Slide 11: Appendix – Profit and loss statement

    3 Appendix – Profit and loss statement Unaudited consolidated Profit & loss statement CZK '000 / % FY 2020 FY 2019 change Revenues from the sale of own products, goods and services 6,829,106 5,958,742 14.6% Other operating income 40,999 101,515 (59.6%) Changes in inventories of finished goods and wo

  12. Slide 12: Appendix – Balance sheet 1/2

    3 Appendix – Balance sheet 1/2 Unaudited consolidated Balance sheet – Assets CZK '000 / % FY 2020 FY 2019 change Non-current assets Property, plant and equipment 2,050,783 1,994,748 2.8% Intangible assets 770,194 834,242 (7.7%) Long-term receivables 303,260 45,322 569.1% Equity-accounted securities

  13. Slide 13: Appendix – Balance sheet 2/2

    3 Appendix – Balance sheet 2/2 Unaudited consolidated Balance sheet – Equity and liabilities CZK '000 / % FY 2020 FY 2019 change Equity Share capital 3,264 2,984 9.38% Capital funds 1,658,423 1,533,118 8.17% Share premium 722,944 - - Cash flow hedging funds 161,088 - - Foreign exchange translation f

  14. Slide 14: Appendix – Cash flow statement

    3 Appendix – Cash flow statement Unaudited consolidated Cash flow statement – simplified1 CZK '000 FY 2020 FY 2019 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 830,135 932,129 Depreciation/amortisation of non-current assets 393,496 412,904

  15. Slide 15: Appendix – Company's structure

    3 Appendix – Company's structure1 Česká zbrojovka Partners SE Free float Czech Republic 90.76% 9.24% 100% EHC-4M, SE CZG – Česká zbrojovka Group SE (“CZG”) Czech Republic Czech Republic 100% 99.32% 100% 100% 100% 100% CZG-Česká zbrojovka Group International CZ-US CZ Export Praha, s.r.o. Česká zbrojo

CZG – Česká zbrojovka Group — FY2020 Earnings Presentation on 6ix