Motodynamics S.a. · ATHEX:MOTO
Motodynamics — FY2023 Earnings Presentation
22 slides from Motodynamics's earnings presentation, Mar 21, 2024
Slide 1: FY 2023 Results Presentation
21/3/2024 FY 2023 Results Presentation 1
Slide 2: 2023 Annual Results
2023 Annual Results Paris Kyriacopoulos – Chairman and Chief Executive Officer Dimitris Bozas – Chief Financial Officer 21/3/2024 FY 2023 Results Presentation 2
Slide 3: Disclaimer
DISCLAIMER This presentation belongs to Motodynamics S.A. (“Company”) and contains certain “forward-looking” statements. These statements are based on management’s current expectations and are subject to uncertainty, changes in circumstances and risks. Actual results may vary materially from the exp
Slide 4: Agenda
AGENDA HIGHLIGHTS 2023 RESULTS OUTLOOK 21/3/2024 FY 2023 Results Presentation 4
Slide 5: Highlights
Highlights 21/3/2024 FY 2023 Results Presentation 5
Slide 6: Another record year of strong and profitable growth
Another record year of strong and profitable growth 2023 FINANCIAL HIGHLIGHTS 29% yoy Sales 15% yoy EBIT 28% yoy EPS High Return on 33% dividend Growth growth growth Invested Capital increase(1) 170m EUR 17.7m EUR 0.39 31% 0.12 EUR per share All Motodynamics All Divisions with Lion Rental Minority M
Slide 7: Strong track record of profitable growth
Strong track record of profitable growth 2018-2023 MOTODYNAMICS KEY FIGURES Sales & % GP EBIT & ROIC 2018 2019 2020 2021 2022 2023 200,000 30% 2018 2019 2020 2021 2022 2023 20,000 34.7% 25.5% 175,000 24.2% 35% 25% 30.6% 22.9% 30% 150,000 15,000 18.1% 20% 22.6% 25% 125,000 17.2% 15.5% 20% 10,000 100,
Slide 8: All divisions contributing to top and bottom line
All divisions contributing to top and bottom line 2023 SALES AND GROSS PROFIT BREAKDOWN BY DIVISION 31% €53.9m 36% 45% €13.9m 44% €75.8m €17.2m 24% 20% €40.3m €7.9m Sales €170m Gross Profit €39m 21/3/2024 FY 2023 Results Presentation 8
Slide 9: MOTODYNAMICS recognized as an industry leader
MOTODYNAMICS recognized as an industry leader 21/3/2024 FY 2023 Results Presentation 9
Slide 10: 2023 Results
2023 Results 21/3/2024 FY 2023 Results Presentation 10
Slide 11: Significant margin expansion across all key metrics
Significant margin expansion across all key metrics GROUP 2023 PROFIT AND LOSS ACCOUNTS in € thousand 01.01-31.12.2023 01.01-31.12.2022 Επεξεργασία στυλ υποδείγματος Sales 169.971 132.046 Sales: κειμένου +28.7% Επεξεργασία στυλ EBITDA 29.077 24.948 υποδείγματος κειμένου EBITDA: +16.6% Operating prof
Slide 12: Balance Sheet expansion attributed to fleet growth
Balance Sheet expansion attributed to fleet growth 2023 GROUP CONSOLIDATED BALANCE SHEET in € thousand Long-term assets (excluding IFRS 16) Working Capital (excluding cash, short-term loans, IFRS 16) Group Group 31-Dec-23 31-Dec-22 31-Dec-23 31-Dec-22 Tangible assets 55.679 46.760 Inventories 22.643
Slide 13: Operating cash flows and debt capacity financed 2023 capex
Operating cash flows and debt capacity financed 2023 capex, minority acquisition and dividends 2022 – 2023 GROUP NET DEBT EVOLUTION in € thousand Major investments in Sixt (fleet and NCI acquisition) and Porsche resulting in -€7,3m net cash flow Working capital “normalization” started Average debt +
Slide 14: Yamaha domestic and international sales growth >20%
Yamaha domestic and international sales growth >20% 2023 YAMAHA DIVISION REVIEW in € thousand Gross Profit in € thousand Sales 19,000 17,170 80,000 75,805 17,000 70,000 61,935 15,000 14,377 +19,4% 60,000 +22,4% 13,000 50,000 11,000 40,000 9,000 30,000 20,000 7,000 10,000 5,000 0 2022 2023 2022 2023
Slide 15: Porsche regaining leadership position
Porsche regaining leadership position 2023 PORSCHE DIVISION REVIEW in € thousand Sales in € thousand Gross Profit 45,000 9,000 40,273 40,000 7,972 +50,1% 8,000 35,000 7,000 30,000 26,833 +59,0% 6,000 25,000 5,013 5,000 20,000 15,000 4,000 10,000 3,000 5,000 2,000 0 1,000 2022 2023 2022 2023 Signific
Slide 16: Topline growth with significant price pressure
Topline growth with significant price pressure 2023 SIXT DIVISION REVIEW in € thousand Sales in € thousand Gross Profit 60,000 17,000 53,893 55,000 14,237 13,883 50,000 14,000 45,000 43,278 +24,5% -2,5% 40,000 11,000 35,000 30,000 8,000 25,000 20,000 15,000 5,000 2022 2023 2022 2023 International ar
Slide 17: Outlook
Outlook 21/3/2024 FY 2023 Results Presentation 17
Slide 18: #WeareMotodynamics
#WeareMotodynamics Vision A world of sustainable mobility without boundaries Purpose We create emotions and transform lives through adventure, exploration and human connection Mission To establish our brands as the first choice in our customer’s hearts and minds Values Integrity • Trust • Respect •
Slide 19: Sustainability matters
Sustainability matters MOTODYNAMICS included in the ATHEX ESG Index for the first time in 2023 Transparency score 57% Improving this score is a core metric for the company and an integral to our strategic plan Key pillars in our ESG strategy: Environment goals centered around Scope 1, Scope 2 emissi
Slide 20: Targeting market share gains in growing markets
Targeting market share gains in growing markets OUTLOOK 2024 Growth in international arrivals and new locations to drive growth in rental business Further investment in RaC fleet size and quality as well as selective entry into new geographies will drive growth in rental sales Increased competition
Slide 21: MOTODYNAMICS GOES SOCIAL
MOTODYNAMICS GOES SOCIAL #Motodynamics #DriveChange #MovementChangesEverything #WeareMotodynamics 21/3/2024 FY 2023 Results Presentation 21
Slide 22: Movement Changes Everything
Movement Changes Everything / Svotoaynamict