Slide 1: Duell Corporation Half-Year Financial Report 2024
Duell Corporation Half-Year Financial Report 2024 September 2023-February 2024 April 4, 2024 Jarkko Ämmälä, CEO Riitta Niemelä, CFO Pellervo Hämäläinen, IR
Slide 2: A leading Nordic and European powersports aftermarket distributor
A leading Nordic and European powersports aftermarket distributor 119 M€ 3.9% Net sales Adjusted EBITA 9/2022–8/2023 9/2022–8/2023 Key figures* Duell’s established markets Duell’s growth markets • 150,000 SKUs • >550 brands • 600 suppliers • 8,500 active dealers • 4,500 in Nordics Sales office • 4,0
Slide 3: All powersports spare parts, accessories and personal equipment from motorbikes to marine
All powersports spare parts, accessories and personal equipment from motorbikes to marine Technical and spare parts 70% Accessories and personal equipment 30% 3
Slide 4: Business Report
Business Report Q2 (December 2023-February 2024) H1 (September 2023-February 2024) 4
Slide 5: Solid second quarter despite challenging market conditions
Solid second quarter despite challenging market conditions Financial Position strengthened • Net sales with comparable currencies increased by 15.9% due to TranAm acquisition and increase in Net sales increased Revenue in some Duell's growth markets in Europe by 10.2 % • Organic net sales with compa
Slide 6: Main events in Q2 2024
Main events in Q2 2024 • Duell paid out the deferred purchase price of Tran-Am’s acquisition, approx. GBP 4.9 million, on December 28, 2023 • Duell received targeted gross proceeds of EUR 20.2 million and net proceeds of EUR 17.7 million from rights issue • Trading in the new shares started on Janua
Slide 7: Summary of Q2 and H1 2024 financials
Summary of Q2 and H1 2024 financials Q2 2024 Q2 2023 H1 2024 H1 2023 Key figures and ratios FY 2023 (12/2023 (12/2022 (9/2023- 9/2022- (9/2022- Net sales Q2 EUR thousand -2/2024) -2/2023) 2/2024) 2/2023) 8/2023) • Nordics, EUR 15.7 million (16.3) Net sales 28,155 25,543 55,169 51,294 118,832 Net sal
Slide 8: Quarterly development 2021-2024
Quarterly development 2021-2024 Net sales, M€ 40 37,6 35,1 34,6 28,2 29,9 30 27,2 25,8 27,0 27,1 25,5 24,5 19,4 20 15,7 17,2 10 0 Q1 Q2 Q3 Q4 2021 2022 2023 2024 Adjusted EBITA, M€ Adjusted EBITA, % 14,0 13,4 4,5 3,8 11,5 12,0 3,5 3,3 10,1 3,0 10,0 8,6 8,5 7,2 6,8 7,7 8,0 2,5 1,9 2,0 2,1 1,8 4,9 5,1
Slide 9: Focus areas and outlook for financial year 2024
Focus areas and outlook for financial year 2024 Focus during financial year 2024 Outlook for financial year 2024 (unchanged) • To respond to the prolonged soft market • Market uncertainty and weakness will persist in financial year Duell will continue the profitability 2024. Overall challenging mark
Slide 10: Vision, mission, values and strategy
Vision, mission, values and strategy 10
Slide 11: Duell's added value in the value chain
Duell’s added value in the value chain For brand owners Duell’s core For dealers • Extensive dealer network • Leading broad brand portfolio • Broad offering of leading brands from • Timely orders, local storage • Strong local sales presence entry-level to high-end products and credibility • Technolo
Slide 12: AO null
140198105 v2 AO null YEARS HQ | Mustasaar T | +358 (0) 20 118 000 E | info@duell.eu | forename.surname@duell.eu W | www.duell.eu HQ | Duell Oyj | Kauppatie 19 | 65610 Mustasaari Offices & warehouses | Finland | Sweden | Norway | Denmark | Netherlands | Germany | France | United Kingdom 12