Hgears Ag · XETR:HGEA
Hgears — Q1 2024 Earnings Presentation
13 slides from Hgears's earnings presentation, 2024
Slide 1: 1Q 2024 results
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Slide 2: Disclaimer
Disclaimer This report contains forward-looking statements. These statements are based on current experience, estimates and projections of the Management Board and the information available at the time this report was prepared. They are not guarantees of future performance and results and are subjec
Slide 3: 1Q 2024 Highlights
1Q 2024 Highlights the heart of your | CALS | performance
Slide 4: Slow start into the year as expected; cash preservation, efficiency, and keeping operating agility
Slow start into the year as expected; cash preservation, efficiency, and keeping operating agility remain key priorities 1Q 2024 HIGHLIGHTS The year started in line with expectations and guidance Challenging market conditions persisting; destocking in e-Bike and e-Tools still ongoing with stable dem
Slide 5: New business areas reflect reorganized sales organisation and provide better transparency
New business areas reflect reorganized sales organisation and provide better transparency e-Bike [e]-Mobility e-Tools Preferred co-development partner Top-quality supplier with highest Partner of choice for premium e-tools and supplier of high precision standards for high-precision components with h
Slide 6: Historic quarterly development of the new business areas
Historic quarterly development of the new business areas Sales (in EUR million) 5.2 6.9 9.0 7.7 6.0 12.3 13.2 11.8 12.6 12.3 10.3 8.7 7.3 6.9 7.3 1Q23 2Q23 3Q23 4Q23 1Q24 e-Tools [e]-Mobility e-Bike 6
Slide 7: Financial Review
Financial Review the heart of your | lGears | ihestet
Slide 8: Challenging market conditions persisting; destocking in e-Bike and e-Tools still ongoing
Challenging market conditions persisting; destocking in e-Bike and e- Tools still ongoing with stable demand in [e]-Mobility Sales (in EUR million) Gross Profit (in EUR million) Adjusted EBITDA (in EUR million) 27.8 25.9 20.0 5.2 +14.2% 15.2 6.0 11.6 12.3 +2.7% 12.6 10.0 1.5 2.0 1.5 10.3 -29.6% 0.5
Slide 9: Robust Balance Sheet and sufficient financial manoeuvrability
Robust Balance Sheet and sufficient financial manoeuvrability Net Debt and leverage position (in EUR million) • Equity ratio 1Q24 53.6% 13.0 12.4 12.0 • Net Debt & Liquidity 11.0 10.2 9.7 4.5 10.0 9.0 3.5 – Net Debt remains at low levels 8.0 7.0 6.0 4.9 2.5 5.0 3.4 4.0 1.3x 1.1x – Cash and cash equi
Slide 10: Outlook & Closing Remarks
Outlook & Closing Remarks the ‘of your | ars | perrormance”
Slide 11: 2024 Operational priorities
Mid-term outlook – promising markets expected to drive growth Current market overview e-Bike: • Shift to micromobility will create strong 2024 Operational priorities upside potential – positive long-term prospects unabated 01. Resource management • Market expected to grow to 10-12 million units 02.
Slide 12: Reiterate 2024 guidance – environment remains uncertain
Reiterate 2024 guidance – environment remains uncertain 2024 Guidance Mid-term outlook… Revenue Revenue EUR 100 – 110 million EUR 150 - 180 million 200 Adjusted EBITDA 150 EUR 1 – 3 million 100 50 Free Cash Flow 0 neg. EUR 0 – 3 million FY Mid 2024 term 12
Slide 13: Q&A
Q&A the heart of your byGears | Snes of