Slide 1: Investor Presentation: Earnings Release 2021
Investor Presentation Earnings Release 2021 // March 30, 2022
Slide 2: Highlights
HIGHLIGHTS UNCHANGED HIGH DEMAND FOR LEISURE VEHICLES ORDER BACKLOG REACHES ALL-TIME HIGH RECORD SALES VOLUME OF 25,922 VEHICLES SALES GROWTH OF 8.6% TO EUR 862.6 MILLION WITH AN ADJUSTED EBITDA MARGIN OF 7% GLOBAL SUPPLY BOTTLENECKS FOR VARIOUS MATERIALS AND COMPONENTS EXPECTED TO EASE FR
Slide 3: Assessment of the Current Political Situation on the Knaus Tabbert Group
ASSESSMENT OF THE CURRENT POLITICAL SITUATION ON THE KNAUS TABBERT GROUP Geopolitical situation with little impact at this stage No exposure in terms of revenue generation, dealer network or other activities in Russia and Ukraine No significant (direct) sourcing from Russia and Ukraine Total
Slide 4: European Market for Leisure Vehicles
EUROPEAN MARKET FOR LEISURE VEHICLES - Despite the disruptions caused by supply bottlenecks, the caravan industry has emerged as one of the winners of the crisis. - Following 259,393 European registrations in 2021, the forecast for 2022 shows around 273,000 new registrations, representing an increas
Slide 5: Rent and Travel
RENT AND TRAVEL A LEADING RENTAL PARTNER IN EUROPE START INTO THE SEASON 2022 Total Bookings (Data as of Feb. 28. 2022) The trend is unbrokenly high towards renting a leisure vehicle 13.889 12.332 21% more bookings in total compared to the previous year 5.895 4.161 23% of bookings are made dig
Slide 6: Chassis Supply
CHASSIS SUPPLY A broadening of the supplier base is key for growth - A balanced procurement and supply chain management is of particular importance for the production process. - In order to ease the procurement situation in the chassis area compared to 2021, chassis from Mercedes will also be used f
Slide 7: Financials
—__ Knaus labbert FINANCIALS
Slide 8: Key Financial Topics for the Fiscal Year 2021
KEY FINANCIAL TOPICS FOR THE FISCAL YEAR 2021 Extensive investment programme launched to double production capacities Global supply bottlenecks for major components lead to significant increase in inventories due to unfinished vehicles and production downtimes High demand drives order backlog up to
Slide 9: Key Financials
KEY FINANCIALS Supply chain disruptions slowed down growth dynamic EUR 863 million EUR 61 million Net revenue Adj. EBITDA +8.6 % compared to FY 2020 -10.7% -10.3% compared to FY 2020 7.0 % EUR 1.50 Adj. EBITDA margin Dividend Proposal for FY 2021 Compared to 8.5 % in FY 2020 2.7 % Dividend Yield 25.
Slide 10: Key Figures for Fiscal Year 2021
KEY FIGURES FOR FISCAL YEAR 2021 in EUR mill. FISCAL YEAR Q4 2019 2020 2021 Change 2020 2021 Change Net revenue 780.4 794.6 862.6 8.6% 221.5 228.2 3.0% Premium 684.9 687.3 740.6 7.8% 192.5 196.0 1.9% Luxury 95.4 107.3 122.0 13.7% 29.0 32.1 10.8% Gross revenue 803.5 806.1 889.3 10.3% 228.9 213.9 -6.5
Slide 11: Revenue Breakdown
REVENUE BREAKDOWN Shift towards caravans - utilisation was the driver REVENUE PER BUSINESS SEGMENT REVENUE PER PRODUCT CATEGORY UNITS PER PRODUCT CATEGORY (in EUR mill.) (in EUR mill.) (in units) 4,289 5,055 25,7 4,627 20.8 23.2 122,0 199,8 107.3 149.7 170.0 7,508 6,659 95.4 7,017 396,8 394.5 393.5
Slide 12: Financial Position
FINANCIAL POSITION Stressed supply chains led to significant inventory build-up OPERATING CASH FLOW NET DEBT DEVELOPMENT (in EUR mill.) (in EUR mill.) 80 1,5 0,8 1,6 Net debt / EBITDA 70 96,3 54,3 93,9 60 7,6 8,9 9,7 50 40 -54,6 71,0 30 -94,3 -95,4 20 44,1 -8,6 27,2 10 0 -9,6 -8,2 2019 2020 2021 Ope
Slide 13: Knaus Tabbert Shares
KNAUS TABBERT SHARES We create the basis for sustainable development… … AND INCREASE THE ATTRACTIVENESS OF THE KNAUS TABBERT SHARE FOR ANALYSTS, INVESTORS AND MEDIA Developing and establishing the "Knaus Tabbert" brand on the capital market. Linking the brand with credibility, value, content and
Slide 14: Outlook
—__ Knaus labbert OUTLOOK
Slide 15: Order Backlog
ORDER BACKLOG Increasing share of motorized vehicles - The high demand for recreational vehicles continued in 2021 with increased momentum. - In line with the general market trend, the share of motorised vehicles (motorhomes and CUVs) in the order backlog of the Knaus Tabbert Group increased from 54
Slide 16: Investment Program 2025
INVESTMENT PROGRAM 2025 On August 8, 20201 Knaus Tabbert informed about the investment program until 2025 Investment volume of over EUR 220 million into expansion of production Doubling of capacities (based on 2020 output) Increasing profitability through economies of scale and scope - Based o
Slide 17: Outlook 2022
Outlook 2022 Risks exist but the opportunities are high Based on the order backlog of EUR 1.3 billion as of the end of December 2021 and the increasingly positive effects of the changed purchasing strategy for chassis, Management expects significant revenue growth before price increase effects.