Delticom Ag · XETR:DEX
Delticom — H1 2022 Earnings Presentation
13 slides from Delticom's earnings presentation, August 2022
Slide 1: Europe's leading online tyre retailer – Results H1 2022
Europe‘s leading online tyre retailer Results H1 2022 1
Slide 2: Agenda
Market environment H1 2022 1 Key financials H1 2022 2 AGENDA Outlook 2022 3 Content of Webcast 2
Slide 3: H1 2022: Market Environment
H1 2022: MARKET ENVIRONMENT Global recovery lost considerable momentum in H1 with supply bottlenecks, logistical problems, further rising raw materials and energy costs Inflation rate at 8.9% in the eurozone reached record level in July, private consumption is dampened According to ETRMA and WdK, in
Slide 4: H1 2022: Revenues Development
H1 2022: REVENUES DEVELOPMENT Revenues (in €m) +2.5% +4.4% +1.1% core business core business core business 249 220 147 129 102 91 -11.9% / -11.5% / -12 .1% / -29.5 €m -11.7 €m -17.8 €m H1 2022 H1 2021 Q1 2022 Q1 2021 Q2 2022 Q2 2021 Revenues contribution of US business Sale of the US business at the
Slide 5: H1 2022: Gross Margin & Gross Profit Margin
H1 2022: GROSS MARGIN & GROSS PROFIT MARGIN Gross margin simple Gross profit simple 57 (Revenues less COGS; 22.9 (Revenues less COGS; in % of Revenues) 21.2 in €m) 47 -18.2% -1.7 pps. H1 2022 H1 2021 H1 2022 H1 2021 27.6 27.7 74 Gross profit margin Gross profit 66 (Total income less COGS; (Total inc
Slide 6: H1 2022: EBITDA
H1 2022: EBITDA Reported EBITDA (in €m) H1 2022 H1 2021 Q1 2022 Q1 2021 Q2 2022 Q2 2021 8.9 8.0 7.1 7.0 1.7 +61.9% +2.5% +10.4% 1.1 EBITDA margin: EBITDA margin EBITDA margin 4.0% (H1 2021: 3.2%) 1.9% (Q1 2021: 1.1%) 5.5% (Q2 2021: 4.7%) Operative EBITDA after elimination of the US earnings contribu
Slide 7: H1 2022: EBIT
H1 2022: EBIT EBIT (in €m) H1 2022 H1 2021 Q1 2022 Q1 2021 Q2 2022 Q2 2021 5.0 4.3 4.4 2.7 +1.5 €m +1.0 €m +0.6 €m -0.7 -1.7 EBIT margin: EBIT margin EBIT margin 2.0% (H1 2021: 1.1%) -0.8% (Q1 2021: -1.6%) 3.9% (Q2 2021: 3.0%) Improvement of EBIT (+56.1%) due to the increase in profitability and red
Slide 8: H1 2022: P&L
H1 2022: P&L Unit H1 2022 H1 2021 Revenues €m 219.7 249.3 -11.9% Revenues growth in core business: +2.5% Gross profit €m 65.9 73.5 -10.4% Prior-year figure incl. USA business Personnel expenses €m 7.1 7.0 +1.5% Discontinuation of US business, weaker sales Transportation costs €m 17.9 23.7 -24.4% vol
Slide 9: H1 2022: Balance Sheet: Assets (Excerpt)
H1 2022: BALANCE SHEET: ASSETS (EXCERPT) Unit 30.06.2022 31.12.2021 30.06.2021 Non-current assets €m 102.9 111.5 118.0 Amortization of rights of use according to Fixed assets €m 87.6 88.2 93.0 IFRS 16 Reduction of long-term receivables Other assets €m 15.3 23.2 25.0 in connection with project busine
Slide 10: H1 2022: Balance Sheet: Equity & Liabilities (Excerpt)
H1 2022: BALANCE SHEET: EQUITY & LIABILITIES (EXCERPT) Unit 30.06.2022 31.12.2021 30.06.2021 Equity €m 39.6 38.0 32.2 Equity of nearly 40 €m reached Liabilities €m 191.6 170.1 206.8 Long-term financial liabilities fully lease obligations according to IFRS 16 Long term liabilities €m 47.6 47.4 45.4 P
Slide 11: H1 2022: Free Cashflow
H1 2022: FREE CASHFLOW Free Cashflow H1 2022 (€m) Free Cashflow H1 2021 (€m) Cashflow from operating Cashflow from investing Cashflow from operating Cashflow from investing activities activities Free Cashflow activities activities Free Cashflow 5.2 0.2 -6.0 -11.2 -15.6 -15.4 In addition to the impro
Slide 12: Outlook FY 2022: Revenues and EBITDA Guidance
OUTLOOK FY 2022: REVENUES AND EBITDA GUIDANCE 480 – 520 €m 12 – 15 €m At least € 10 million Free Cashflow from operating activities 3.4 €m Revenues 2022e EBITDA (operative) EBITDA contribution 2022e from sale of US shares ➔ Conservative assessment from March confirmed in view of economic conditions
Slide 13: Q&A
Q&A A firm grip on the road to success 13