Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q3 2020 Earnings Presentation
13 slides from Waberer's International Nyrt's earnings presentation, Nov 9, 2020
Slide 1: Q3 2020 Results Presentation
Q3 2020 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 9 November 2020
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefor
Slide 3: Agenda
Agenda | Financial & operational stability – new business model at ITS supported by change in ownership structure & agreement with banks | Group Finances |3
Slide 4: Key messages
Key messages I. Quick recovery from pandemic – Best recurring EBIT for 2 years II. Launch of Trade Lade model at ITS – First experiences confirm initial expectations III. New ownership structure – Indotek Group as new owner IV. Long term financial agreement – Stable financial background for min. 5 y
Slide 5: Trade Lane model in ITS segment from July 2020
Trade Lane model in ITS segment from July 2020 Trade Lane methodology Full Trade Lane Model Selected Trade Lanes Trade Lane Customer 1 3 reduction review Denmark Latvia Lithuania Ireland Belarus UK Netherlands Germany Poland Belgium Luxembourg Czech Fleet Internal France Republic Slovakia 2 4 Switze
Slide 6: Change of ownership structure; 5-year agreement with financing partners
Change of ownership structure; 5-year agreement with financing partners Change of ownership structure Initial structure Step 1* Step 2* Treasury shares Treasury shares Treasury shares Free Float 1% Free Float 1% Free Float 1% Execution of 27% 27% 27% transferable call option 48% Mid Europa Partners
Slide 7: Agenda
Agenda | Financial & operational stability – new business model at ITS supported by change in ownership structure & agreement with banks | Group Finances |7
Slide 8: Quick recovery from pandemic in all segments
Quick recovery from pandemic in all segments Segment revenue (2020; EUR mn) +21% -32% 119 • Immediate capacity cut – 31 % fleet size adjustment - in Q2 in order to 111 adapt to change in demand, 76 ITS 63 • New business model implementation in Q3 to take advantage of improving utilization of capacit
Slide 9: Group Results
Group Results Group Revenue and Recurring EBIT Group revenue decreased by 19 % in Q3 2020 vs Q3 2019: (EUR mn) due to fleet size decrease in ITS segment -19% +19% partially offset by increase in RCL & Other segment 170 1.2 growth 137 116 Recurring EBIT turned positive not seen since H1 2018
Slide 10: Segment results
Segment results ITS Decreasing volumes with improving performance at ITS (EUR mn) Effect of fleet cut versus 2019 -36% +21% Recovery from price and volume pressure at Q2 2020 -4% +25% 119 Increasing revenue & more than doubling EBIT at RCL due to 76 Quick recovery at customers; 63 Client
Slide 11: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn) 2020 2019 Better/worse 2020 Better/worse Q3 Q3 percent Q2 percent Revenue 137.0 169.8 -19.3% 115.5 18.6% Direct Costs (1) (108.8) (140.3) 22.5% (94.3) 15.3% Gross profit (recurring) 28.2 29.4 -4.1% 21.2 33.3% OPEX(1) (14.2)
Slide 12: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Group selected balance sheet items (unaudited IFRS, EUR mn) 30 Sep 2020 31 Dec 2019 30 Sept 2019 Total Non-current Assets 345 389 478 Total Current Assets 164 217 215 Total Assets 509 606 693 Total Shareholder's Equity 77 104 122 Total Liabilities 433 503 570 Total Equity
Slide 13: Thank you for your attention!
Thank you for your attention! WABERER’S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351. Tel: +36 1 421 6300 E-mail: investor.relations@waberers.com
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