Slide 1: Cabka 2021 preliminary results presentation
Cabka a leading integrated circular production company 2021 preliminary results presentation Strong post-Covid recovery 1
Slide 2: Index
Index 01 Introduction and overview Cabka 02 Financial and operating review 03 Outlook 2022
Slide 3: Introduction and overview Cabka
01 Introduction and overview Cabka
Slide 4: Cabka is closing the loop from waste to end-products
Cabka is closing the loop from waste to end-products While competitors can only cover part of the value chain Waste Material Products Recycling Product design and production Products Post Consumer Post Industrial Equivalent of >4.5 million ~ 10 million ~200kt annual EU citizens of pallets and 200k p
Slide 5: Integrating the entire chain in a one-of-a-kind business model
Integrating the entire chain in a one-of-a-kind business model Based on over 25 years of experience and research Recycling Recycling facilities Material definition In Europe + the US recipe optimization Engineering Services material Design studio incl. prototyping Test Center Product development Pro
Slide 6: Financial and operating review
02 Financial and operating review
Slide 7: FY21 preliminary results | Strong post-Covid recovery (1/2)
FY21 preliminary results | Strong post-Covid recovery (1/2) Figures comprise consolidated figures for Cabka Group GmbH All figures presented are based on German GAAP accounting principles Basis of preparation As Cabka will transition to IFRS reporting for FY22 figures, IFRS 16-adjusted EBITDA and ne
Slide 8: FY21 preliminary results | Strong post-Covid recovery (2/2)
FY21 preliminary results | Strong post-Covid recovery (2/2) Capital expenditures of EUR 16.9m, of which: EUR 7.1m maintenance and replacement CAPEX and NWC EUR 9.8m growth and cost reduction Net Working Capital of EUR 32.9m as per year end 2021, equaling 19.3% of revenue Net debt as per year end of
Slide 9: Alternative performance measures and revenue breakdowns
Alternative performance measures and revenue breakdowns 2021 revenue split per 2021 revenue split product type1 per region 2.3% Alternative performance measures (EURk, % ) 14% 9,4% 2021 2020 Change % 16,0% Revenue 170,644 134,552 27% 13% Gross profit 87,837 74,283 18% 48% Underlying EBITDA 27,989 20
Slide 10: Capital expenditures and net working capital
Capital expenditures and net working capital Capital Expenditures (EURk, % ) Capital expenditures 2021 2020 Change % Total capital expenditures of EUR 16.9m Capital Expenditures (16,940) (12,550) 35% of which maintenance and replacement (7,134) (5,559) 28% Maintenance and replacement CAPEX equals of
Slide 11: Strong liquidity position with substantial cash inflow following Business Combination
Strong liquidity position with substantial cash inflow following Business Combination with Dutch Star Companies TWO Net debt overview (EURk, % ) Net debt 2021 2020 Liabilities to banks (56,448) (50,254) Net debt of EUR 54.0m under German GAAP Liabilities from lease financing (7,556) (12,215) Cash an
Slide 12: Good progress towards mid-term organic financial guidance
Good progress towards mid-term organic financial guidance Mid-term guidance High single- >20.0% ~4% CAPEX ~30-35% maintenance and ~20% NWC pay-out ratio digit revenue IFRS Adjusted replacement as % as % of revenue dividend as % of growth EBITDA margin of revenue1 net profit FY21 results 18.2% 4.2% C
Slide 13: Outlook 2022
03 Outlook 2022
Slide 14: 2022 outlook
2022 outlook “The start to 2022 is characterized by high overall inflation, particularly manifesting itself through significantly higher energy and material costs. In anticipation Cabka announced a round of price increases in the fourth quarter of 2021, effective per January 2022. However, as these
Slide 15: www.cabka.com
&& Cabka www.cabka.com
Slide 16: Appendix | P&L 2021
Appendix | P&L 2021 P&L Cabka under German GAAP (EURk, %) EBITDA adjustments reconciliation (EURk, %) 2021 2020 Change % 2021 2020 Change % Adjustments non-recurring costs 988 1,236 nm Revenue 170,644 134,552 26.8% Underlying EBITDA 27,989 20,204 38.5% % of revenue 16.4% 15.0% Inventory changes 979