Motodynamics S.a. · ATHEX:MOTO
Motodynamics — FY2022 Earnings Presentation
21 slides from Motodynamics's earnings presentation, Apr 24, 2023
Slide 1: FY 2022 Results Presentation
24/04/2023 FY 2022 Results Presentation 1
Slide 2: 2022 Annual Results
2022 Annual Results Paris Kyriacopoulos – Chairman and Chief Executive Officer Dimitris Bozas – Group Chief Financial Officer 24/04/2023 FY 2022 Results Presentation 2
Slide 3: Disclaimer
DISCLAIMER This presentation belongs to Motodynamics S.A. (“Company”) and contains certain “forward-looking” statements. These statements are based on management’s current expectations and are subject to uncertainty, changes in circumstances and risks. Actual results may vary materially from the exp
Slide 4: Agenda
AGENDA HIGHLIGHTS 2022 RESULTS LION RENTAL ACQUISITION OUTLOOK 24/04/2023 FY 2022 Results Presentation 4
Slide 5: Highlights
Highlights 24/04/2023 FY 2022 Results Presentation 5
Slide 6: A record year across all metrics
A record year across all metrics 2022 FINANCIAL HIGHLIGHTS 39% yoy Sales Growth 2x EBIT vs. last year and Exceptional Return on 125% dividend 4x vs. 2019 Invested Capital increase(1) 132m EUR 15.7m EUR 36% 0.09 EUR per share All Motodynamics divisions All Divisions with record 21m EUR investment in
Slide 7: Motodynamics Group 6-year transformation
Motodynamics Group 6-year transformation 2017-2022 GROUP KEY FIGURES Sales & % GP EBIT & ROIC 2017 2018 2019 2020 2021 2022 150.000 30% 2017 2018 2019 2020 2021 2022 18.000 36,6% 25,7% 35% 24,2% 16.000 125.000 25% 30% 14.000 19,9% 25% 100.000 18,1% 20% 12.000 20,5% 17,2% 15,5% 20% 10.000 75.000 15%
Slide 8: All divisions contributing to top and bottom line
All divisions contributing to top and bottom line 2022 SALES AND GP BREAKDOWN BY DIVISION(1) 33% 47% 43% 42 % €43,4m €14,7m €61,9m € 14,4m 20% €26,8m 15% €5,0m Sales €132,1m Gross Profit €34,1m (1) Εxcludes intercompany eliminations 24/04/2023 FY 2022 Results Presentation 8
Slide 9: 2022 Results
2022 Results 24/04/2023 FY 2022 Results Presentation 9
Slide 10: Significant margin expansion across all key metrics
Significant margin expansion across all key metrics GROUP 2022 PROFIT AND LOSS ACCOUNTS in k EURs 01.01-31.12.2022 01.01-31.12.2021 Επεξεργασία στυλ υποδείγματος Sales 132.046 94.700.164 Sales: κειμένου +39% Επεξεργασία στυλ υποδείγματος κειμένου EBITDA 25.215 14.167 EBITDA: +78% % of sales 19,1% 15
Slide 11: Balance Sheet expansion attributed to fleet growth
Balance Sheet expansion attributed to fleet growth 2022 GROUP CONSOLIDATED BALANCE SHEET in k EURs Long-term assets (excluding IFRS 16) Working Capital (excluding cash, short-term loans, IFRS 16) Group Group 31-Dec-22 31-Dec-21 31-Dec-22 31-Dec-21 Tangible assets 46.760 31.827 Inventories 14.429 7.5
Slide 12: Net debt increase due to major fleet investment
Net debt increase due to major fleet investment 2021 – 2022 GROUP NET DEBT EVOLUTION Major investment in Sixt fleet resulting in -23m net capex and -8,7m net cash flow Working capital normalization started (from -6.7m to -1.2m , still significantly bellow historical norm Average cost of lending 3,6%
Slide 13: Topline growth despite availability issues
Topline growth despite availability issues 2022 YAMAHA DIVISION REVIEW in € thousand Sales in € thousand Gross Profit 65.000 61.935 15.000 14.377 +21,5% 60.000 +19,3% 13.000 11.829 55.000 51.894 50.000 11.000 45.000 9.000 40.000 7.000 35.000 30.000 5.000 2021 2022 2021 2022 All Yamaha segments with
Slide 14: Successful repositioning of Porsche business
Successful repositioning of Porsche business 2022 PORSCHE DIVISION REVIEW in € thousand Sales in € thousand Gross Profit 30.000 6.000 26.833 5.013 5.000 25.000 +37,9% +50,3% 4.000 3.334 19.465 20.000 3.000 2.000 15.000 1.000 10.000 0 2021 2022 2021 2022 Increase in sales both in new and used cars, a
Slide 15: The year the turnaround was completed
The year the turnaround was completed 2022 SIXT DIVISION REVIEW in € thousand Sales in € thousand Gross Profit 50.000 18.000 43.415 45.000 14.681 40.000 15.000 35.000 +85,2% 12.000 +87,3% 30.000 23.446 25.000 9.000 7.839 20.000 15.000 6.000 10.000 3.000 5.000 0 0 2021 2022 2021 2022 Market growth dr
Slide 16: Lion Rental Acquisition
Lion Rental Acquisition 24/04/2023 FY 2022 Results Presentation 16
Slide 17: Agreement to acquire minority shares in Lion Rental
Agreement to acquire minority shares in Lion Rental KEY FIGURES AND PARAMETERS Lion Rental S.A Key Figures "in euro thousand" 2022 Deal closing subject to conditions Sales 43,415 EBITDA 18,040 Agreed acquisition price at €7,7m EBIT 10,535 Non-Controlling Interest holds 19.5% of share capital Results
Slide 18: Outlook
Outlook 24/04/2023 FY 2022 Results Presentation 18
Slide 19: Continued growth in an uncertain environment
Continued growth in an uncertain environment OUTLOOK 2023 Growth in international arrivals vs. 2021 to fuel continued growth in RaC market Further investment in RaC fleet size and quality as well as selective entry into new geographies to drive organic growth Prices under pressure as car deliveries
Slide 20: Motodynamics goes social
MOTODYNAMICS GOES SOCIAL #Motodynamics #DriveChange #MovementChangesEverything #WeareMotodynamics 24/04/2023 FY 2022 Results Presentation 20
Slide 21: Movement Changes Everything
Movement Changes Everything / Svotoaynamict