Brockhaus Technologies AG · XETR:BKHT
Brockhaus Technologies — 9M 2023 Earnings Presentation
13 slides from Brockhaus Technologies's earnings presentation, Nov 14, 2023
Slide 1: Elevating Champions
Elevating Champions QUARTERLY STATEMENT 9M 2023 EARNINGS CALL November 14, 2023
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as forward-looking statements in this presentation are free from errors nor does it accept any giving investment advice and does not constitute or form part of, and should not be construed as, res
Slide 3: Summary 9M 2023PF
Summary 9M 2023PF Selected group financials Key highlights (€ million) +31% 142.7 Record 9M with significant and highly 109.1 Revenue profitable top-line growth across all business segments +35% Adjusted 55.1 Forecast 2023 now expected at the upper pro forma 40.8 € end of the revenue range of €165 –
Slide 4: Revenue by quarter
Revenue by quarter +22.3% +34.8% 46.8 +52.3% 41.2 33.7 34.8 25.1 21.7 16.5 - Q1 Q2 Q3 Q4 +27.9% +23.4% +14.5% 11.8 12.0 9.4 9.2 8.3 7.6 7.2 - Q1 Q2 Q3 Q4 Note: In 2023 revenue is not adjusted for reduced result (€ million) IHSE Bikeleasing Prior-year period 4 from value step up anymore. 2022 figures
Slide 5: Revenue by region
Revenue by region +33.2% 113.2 85.0 - - - - EMEA Americas APAC +88.0% -0.8% 15.3 12.4 12.3 8.1 -46.1% 3.6 1.9 EMEA Americas APAC Note: In 2023 revenue is not adjusted for reduced result (€ million) IHSE Bikeleasing Prior-year period 5 from value step up anymore. 2022 figures are adjusted accordingly
Slide 6: KPIs by segment (pro forma)
KPIs by segment (pro forma) Central Functions BKHT Financial Technologies Security Technologies and Consolidation Group Pro forma Pro forma (€ thousand) 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 Revenue 113,185 84,967 29,500 24,096 (1) 2 142,684 109,065 Revenue growth 33.2% 22.
Slide 7: Continued deleveraging based on cash generation
Continued deleveraging based on cash generation Net debt calculation Highlights (€ million) Available financing capacity driven by significant deleveraging allows for ~0.3x future growth through new 89.0 Net debt / adj. EBITDA (LTM) acquisitions Further reduction of the already conservative net € le
Slide 8: Bikeleasing - Operational deep dive
Bikeleasing - Operational deep dive Record 9M for Bikeleasing in terms of financial and operating KPIs +32% (# bikes facilitated) ~131k # of facilitated bikes in 9M 2023 grew by +32% to ~131,000 # ~99k # of corporate customers grew to ~56k with ~3.2 million employees ~69k Cash of ~€32m despite purch
Slide 9: IHSE - Operational deep dive
IHSE - Operational deep dive Strongest 9M since start of the Covid-19 pandemic in 2020 Further acceleration of revenue growth to €29.5m +22% in 9M 2023 especially due to a continued strong development in Americas €17.2m 12.0 11.8 10.3 9.8 9.2 9.4 8.8 8.3 EBITDA margin of ~26% significantly above 7.6
Slide 10: Group Forecast FY 2023
Group Revenue €165m - €175m (2022: €143m | +16 to +23%) Forecast 9M Update: Upper end of the range expected FY 2023 Adj. EBITDA margin 35% (2022: 33,2%) Well on track building one of Germany’s leading technology Corresponding adj. EBITDA €58m - €61m groups (2022: €47m | +22 to +29%) 10
Slide 11: €290-320m revenue target
Medium-term Outlook 2025 2025 (€ million) €290-320m Upper end of the FY 2023 forecast revenue target 175 145 40% 105 adj. EBITDA margin 61 52 50 41 12 2020A 2021A 2022A 2023FC Revenue Adj. EBITDA 2024E 2025E Note: For additional details please see the ad-hoc announcement from November 9th, 2023 11
Slide 12: Happy to answer your questions
Q&A Happy to answer your questions 12
Slide 13: 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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