Slide 1: RTX Q2 – Investor Presentation
RTX Q2 – Investor Presentation Q2 - 2023/24 7 May 2024
Slide 2: Disclaimer on Forward Looking Statements
Disclaimer on Forward Looking Statements This presentation contains statements regarding expectations for the future development of RTX A/S, including future revenue and operating profit (EBITDA), reflect Management’s current outlook and carry some uncertainty. These statements can be affected by a
Slide 3: Agenda
Agenda 1 RTX Key Highlights and Business Update 2 Financial Highlights for Q2 2023/24 3 Outlook 4 Q&A
Slide 4: Business Update Highlights
Business Update Highlights • Revenue for Q2 2023/24 reached DKK 125 million (Q2 2022/23: DKK 180 million). Revenue for H1 2023/24 amounted to DKK 207 million (H1 2022/23:DKK 388 million). The positive development in revenue between first and second quarter reflects that a number of customers have re
Slide 5: Agenda
Agenda 1 RTX Key Highlights and Business Update 2 Financial Highlights for Q2 2023/24 3 Outlook 4 Q&A
Slide 6: Financial Highlights
Financial Highlights Interim Financial Report for Q2, 2023/24 Revenue 800 Revenue Gross margin DKKm DKKm % 600 400 Q2 23/24 H1 23/24 Q2 23/24 H1 23/24 200 DKKm DKKm % % 125 207 45.6 42.9 0 Q1 2022/23 Q2 2023/24 Q3 2022/23 YTD Q4 2023/24 YTD 120 EBITDA Cash Flow EBITDA DKKm DKKm 100 DKKm 80 60 40 20
Slide 7: Revenue
Revenue Interim Financial Report for Q2, 2023/24 Enterprise Revenue DKKm Q2: DKK 81 million 300 H1: DKK 125 million 225 208 15 200 14 180 ProAudio Revenue 39 12 170 61 Q2: DKK 41 million 29 53 125 H1: DKK 65 million 4 34 100 41 82 14 155 149 24 116 107 81 Healthcare Revenue 45 Q2: DKK 4 million 0 Q1
Slide 8: Group PnL
Group PnL Interim Financial Report for Q2, 2023/24 Revenue for Q2 DKK 125.2 million DKK million Q2 Q2 H1 YTD H1 YTD Revenue for Q2 ended at DKK 125.2 million compared to DKK 180.0 million in 23/24 22/23 23/24 22/23 Q2 last year. Revenue for H1 ended at DKK 207.1 million compared to DKK 387.5 Revenue
Slide 9: Group Balance Sheet
Group Balance Sheet Interim Financial Report for Q2, 2023/24 DKK million 31 Mar 2024 31 Mar 2023 30 Sep 2023 Assets Working capital Intangible assets Reduction in working capital primarily due to reduced 71.9 60.3 55.9 revenue in H1 and determined focus on reduction of Tangible assets 78.7 86.2 86.3
Slide 10: Group Cash Flow
Group Cash Flow Interim Financial Report for Q2, 2023/24 CFFO DKK million Q2 23/24 Q2 22/23 H1 YTD H1 YTD Cash Flow from Operations in H1 was DKK -22.9 23/24 22/23 million, compared to DKK 36.6 million in H1 last Cash flow from operations (CFFO) -4.3 14.5 -22.9 36.6 year, negatively impacted by the
Slide 11: Agenda
Agenda 1 RTX Key Highlights and Business Update 2 Financial Highlights for Q2 2023/24 3 Outlook 4 Q&A
Slide 12: Outlook 2023/24
Outlook 2023/24 Interim Financial Report for Q2, 2023/24 OUTLOOK 2023/2024 OUTLOOK / AMBITION REVENUE EBITDA EBIT DKKm DKKm DKKm OUTLOOK MAINTAINED 580 - 630 45 - 60 5 - 20 The outlook is still subject to uncertainties, particularly in the Pro-Audio segment, combined with the timing for reaching a n
Slide 13: Share buy back April 2024
Share buy back 26 April 2024 • Revised capital policy announced on 29 August 2023 • Initiate a share buyback program up to DKK 20 million during 2023/24. • By the end of Q2 2023/24, 140,040 shares had been purchased RTX - Investor Presentation 13
Slide 14: Q&A Session
Q&A Session cepa
Slide 15: Thank you for your attention
Thank you for your attention For further information, please contact CEO Peter Røpke or CFO Mille Tram Lux at +45 9632 2300 RTX - Investor Presentation 15
Slide 16: Our purpose is to help people perform at their best.
Our purpose is to help people perform at their best. We provide our customers with the best possible wireless communications solutions, allowing their customers to seamlessly connect and communicate. RTX - Investor Presentation 16
Slide 17: RTX and our market position
RTX and our market position Multiple horizontal layers RTX - A solutions provider o RTX operates mainly in the spectrum of development as an ODM/OEM. Brand Branded company o Providing a range of services; including product customization, technology integration, and end- to- end solutions encompassin
Slide 18: How we work
How we work 3 Development and integration 5 Manufacturing and logistics 2 Design and specifications 4 Testing and verification 6 Post-sales processes 1 Concepts and planning RTX - Investor Presentation 18
Slide 19: Customers and Partnerships
Customers and Partnerships Global B2B customers RTX’s wireless solutions enable our B2B customers to market reliable, secure, and scalable systems with seamless integration to meet their specific communication and monitoring needs and respond to market demands. RTX - Investor Presentation 19
Slide 20: Long Term Ambition 2025/26
Long Term Ambition 2025/26 Interim Financial Report for Q1, 2023/24 • Long-term ambition in 2025/26: Revenue above DKK 1 billion EBITDA margin above 16%. • Normalized revenue patterns with revenue of existing products of DKK 600-700 million. Returning to normalized order horizons and delivery patter