Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — FY 2022 Earnings Presentation
15 slides from Brockhaus Technologies's earnings presentation, Mar 31, 2023
Slide 1: Elevating Champions
Elevating Champions ANNUAL REPORT FY 2022 EARNINGS CALL March 31, 2023
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as uncertain. Brockhaus Technologies does not guarantee that the assumptions underlying the giving investment advice and does not constitute or form part of, and should not be construed as, forwar
Slide 3: Summary FY 2022
Summary FY 2022 Selected group financials (€m) Key highlights +38% 145.3 Record year for BKHT with continued 105.2 Revenue profitable growth across all (before PPA) business segments in FY 2022 +23% FY 2022 guidance exceeded both in terms of Adj. 40.8 50.0 revenue as well as adj. EBITDA, even after
Slide 4: Revenue by quarter
Revenue by quarter 34.7 35.4 +33.2% 21.8 17.5 16.3 - - - Q1 Q2 Q3 Q4 +36.9% +23.7% 12.0 +19.7% +14.6% 9.2 8.8 7.2 7.6 7.4 6.1 6.7 Q1 Q2 Q3 Q4 Note: Revenue 2021 for Bikeleasing and kvm-tec (€ million) IHSE Bikeleasing Prior-year period 4 includes only December 2021 due to closing end of November
Slide 5: Revenue by region
Revenue by region +50.5% 109.2 72.6 - - - - EMEA Americas APAC -0.7% +61.4% 20.4 20.3 12.5 -26.6% 7.7 4.6 3.4 EMEA Americas APAC Note: Figures for 2021 are pro-forma (€ million) IHSE Bikeleasing Prior-year period 5
Slide 6: KPIs by segment
KPIs by segment Central Functions Financial Technologies Security Technologies Total Group and Consolidation 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 [€ thousand] (pro-forma) (pro-forma) (pro-forma) (pro-forma) (pro-forma) Revenue before PPA 109,229 72,555 36,086 32,688 145,315 105,243 2 2
Slide 7: Very solid balance sheet composition
Very solid balance sheet composition Net debt calculation Highlights (€ million) Available financing capacity ~0.7x driven by significant Net debt / adj. EBITDA 90.9 FY2022 deleveraging allows for future growth through new acquisitions Very conservative leverage ratio of € ~0.7x adj. EBITDA 2022 37.
Slide 8: Bikeleasing - Operational deep dive
Bikeleasing - Operational deep dive +67% (revenue before PPA) €109.3m Record year for Bikeleasing in terms of all financial and operating KPIs €72.6m €7.1m Excluding the ~€7 million one-off effect in 2021, like-for-like revenue growth €65.5m amounts to +67% in 2022 2021 2022 # of facilitated bikes g
Slide 9: Bikeleasing - Operational deep dive
Bikeleasing - Operational deep dive Expanding the software dev team ▪ Expansion of Bikeleasing’s IT / software development team to 7 FTE Continuous platform development ▪ Onboarding of D2C brands ▪ Further process automation New headquarter and offices ▪ Construction of a new, sustainable headquarte
Slide 10: IHSE - Operational deep dive
IHSE - Operational deep dive +10% revenue growth in 2022 due to lifting of travel and contact Strongest quarters since start of restrictions in the Western Covid pandemic; Q4 even above last pre-Covid quarter hemisphere Last pre- Covid quarter EBITDA margin still under its sustainable level of 35%,
Slide 11: IHSE - Operational deep dive
IHSE - Operational deep dive Important security certifications granted ▪ IHSE receives NIAP PP 4.0 (North America) and EAL4+ (Europe) certifications ▪ Entry to a so far untouched market segment within Governmental / Defense Technical combination of IHSE & kvm-tec ▪ As part of the post-acquisition in
Slide 12: M&A – Overview of existing, non-dilutive financing capacity
M&A – Overview of existing, non-dilutive financing capacity 2.5x – 3.0x For reference: (€ million) adj. EBITDA 2022 As part of the acquisition of Bikeleasing, BKHT utilized ~€90m of cash ~125-150 ~88-113 0.7x adj. EBITDA 2022 37 Net Debt Today Target Net Debt Stand-alone Cash Financing Capacity 12
Slide 13: Group Forecast FY 2023
Group Revenue €165m - €175m (2022: €143m | +16 to +23%) Forecast FY 2023 Adj. EBITDA margin 35% (2022: 34,4%) Well on track building one of Germany’s leading technology Corresponding adj. EBITDA €58m - €61m groups (2022: €50m | +16 to +23%) 13
Slide 14: Happy to answer your questions
Q&A Happy to answer your questions 14
Slide 15: Brockhaus Technologies AG contact details
BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), D
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