Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — Q3 2023 Earnings Presentation
16 slides from Brockhaus Technologies's earnings presentation, Nov 14, 2023
Slide 1: Elevating Champions
Elevating Champions Earnings Call Q3 2024 November 14, 2024
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as underlying the forward-looking statements in this presentation are free from errors nor does it giving investment advice and does not constitute or form part of, and should not be construed as,
Slide 3: Summary 9M 2024
Summary 9M 2024 Selected group financials Highlights (€ million) +23% 175.3 142.7 Revenue Highly profitable growth in 9M 2024 with strong performance of both business segments in Q3 2024 +16% 68.0 Forecast 2024 unchanged with revenue 58.8 Adjusted between €220 million and €240 million and EBITDA adj
Slide 4: Free cash flow increases over proportionally
Free cash flow increases over proportionally Free cash flow before tax Highlights (€ million) CAGR: +105% Free cash flow before tax +60% significantly increased by 60% to €26.2 million in 9M 2024 Operating cashflow of €27.6 million in Q3 2024 marking the highest € quarterly operating cashflow since
Slide 5: Continuously increasing shareholder value
Continuously increasing shareholder value Adjusted earnings per share (EPS) Highlights (in €) +12% CAGR: +77% Strong performance of business segments lead to a doubling of adj. pro forma EPS from €0.64 in 2022 to €1.29 in 2023 Compound annual growth rate (CAGR) of +77% between 2021 and 2023 Continue
Slide 6: Revenue by quarter
Revenue by quarter +51.3% +20.4% 62.4 +28.7% 56.4 46.8 41.2 32.4 33.0 25.1 - Q1 Q2 Q3 Q4 -15.5% -12.5% -25.5% 11.8 11.0 9.4 10.0 8.3 7.3 7.0 - Q1 Q2 Q3 Q4 (€ million) IHSE Bikeleasing Prior-year period 6
Slide 7: Revenue by region
Revenue by region +33.5% 151.1 113.2 - - - - EMEA Americas APAC +22.2% -64.0% 15.0 15.3 12.3 +92.7% 5.5 3.7 1.9 EMEA Americas APAC (€ million) IHSE Bikeleasing Prior-year period 7
Slide 8: KPIs by segment (pro forma)
KPIs by segment (pro forma) Central Functions BKHT HR Benefit & Mobility Platform Security Technologies and Consolidation Group Pro forma Pro forma (€ thousand) 9M 2024 9M 2023 9M 2024 9M 2023 9M 2024 9M 2023 9M 2024 9M 2023 Revenue 151,104 113,185 24,235 29,500 - (1) 175,339 142,684 Revenue growth
Slide 9: Constant net leverage well below the target level
Constant net leverage well below the target level Net debt calculation as per 9M 2024 Highlights (€ million) Available financing capacity allows for future growth, inter alia through new 76.3 ~0.56x acquisitions Net debt / adj. pro-forma EBITDA (LTM) Conservative leverage 17.7 ratio of ~0.56x adj. p
Slide 10: Bikeleasing – Operational deep dive
Bikeleasing – Operational deep dive Record 9M for Bikeleasing in terms of revenue, earnings and cash flow (# bikes facilitated) Continued strong new customer onboarding, ~131k especially within SMEs ~123k Number of corporate customers grew to ~99k ~70k with ~3.7 million connected employees ~69k ~53k
Slide 11: Significant improvement in unit economics throughout 2024
Significant improvement in unit economics throughout 2024 Revenue per sold-off contract Gross profit of resale business Highlights +43% 12% €6.0m Sell-off revenue per bike 8% significantly increased on the back of the continuous shift of customers to a floating rate €3.5m system Gross profit from re
Slide 12: IHSE – Operational deep dive
IHSE – Operational deep dive 12.0 11.8 (€ million) 11.0 10.0 9.2 9.4 8.8 8.3 7.6 Revenue recognition for projects with requested 6.7 7.4 7.2 7.3 7.0 customer delivery in the second half of the year 6.1 lead to significant increase in Q3 Sales in EMEA and APAC significantly above the Q1 '21Q2 '21Q3 '
Slide 13: Group Forecast FY 2024
Revenue €220m - €240m Group (2023: €187m | +18% to +29%) Forecast FY 2024 Adj. EBITDA €80m - €90m (2023: €62m | +29% to +45%) On track to build one of Germany's leading technology groups. For details on alternative performance measures, please refer to page 64 of our 2023 annual report. 13
Slide 14: Medium-term Outlook 2025: €290-320m revenue target
Medium-term Outlook 2025 2025 (€ million) €290-320m revenue target 240 187 220 40% 143 adj. EBITDA 105 margin 90 67 52 47 80 41 12 2020A 2021PF 2022A Revenue Adj. EBITDA 2023PF 2024FC 2025E Note: For additional details please see the ad-hoc announcements dated June 6, 2023 and March 22, 2024; figure
Slide 15: Happy to answer your questions
Q&A Happy to answer your questions 15
Slide 16: 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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