Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q1 2023 Earnings Presentation
14 slides from Waberer's International Nyrt's earnings presentation, May 9, 2023
Slide 1: Q1 2023 Results Presentation
Q1 2023 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 09 May 2023
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefor
Slide 3: Agenda
Agenda | Performance on Group level, actual corporate governance structure, commercial update | Group & segment level financials & expectations for 2023 |3
Slide 4: Key messages
Key messages I. Record quarterly EBIT performance (EUR 11.2 million) – 146% Y-o-Y growth II. Successful tender season in the ITS segmens – Ratio of key account customers over 70% III. New corporate governance structure – New BoD and Supervisory Board members elected by AGM IV. Sligh increase in expe
Slide 5: Trend of financial performance on quarterly basis
Trend of financial performance on quarterly basis Group recurring EBIT (EUR mn) +146% 10.3 11.2 9.7 8.8 7.7 8.3 6.6 3.5 4.5 4.6 1.2 0.1 -2.7 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Group net indebtedness & leverage (EUR mn) Net leverage ratio Net indebtedness 20
Slide 6: New members in the governing bodies
New members in the governing bodies Board of Directors Zsolt BARNA – Executive BoD member; Chairman of the BoD Róbert BARLAI – Non-executive BoD member; Chairman of the BoD of Diófa Asset Fund Barna ERDÉLYI – Executive BoD member Supervisory Board Éva HEGEDÜS – Chairperson of the Supervisory Board;
Slide 7: Commercial & operational update of logistics related segments
Commercial & operational update of logistics related segmens ITS segment • Successfully closed annual tender season in Q1 will increase key Share of Key Account customers (ITS) account ratio to 70% - 75% range in 2023 • Increasing share of automotive customers with stable order volumes 70% - 75% 65%
Slide 8: Agenda
Agenda | Performance on Group level, actual corporate governance structure, commercial update | Group & segment level financials & expectations for 2023 |8
Slide 9: Group Results
Group Results Group Revenue (EUR mn) • Consolidated revenue • increased by 11% compared to Q1 22. +11% • growth reflects improvement in average net price levels of the ITS segment. 177 159 • Group recurring EBIT • reached EUR 11.2 mn in Q1 23 – fourth consecutive year with a result above EUR 8mn, mo
Slide 10: Segment results
Segment results ITS ▪ Increase in revenue and EBIT in ITS (EUR mn) ▪ 17% quarterly revenue increase in ITS as a result of +17% increasing weight of Tier 1 customers with high quality 193% expectations and a 16% growth in net price levels. 111 95 ▪ EUR + 3.7 million quarterly EBIT increase 1.8 ▪ Slig
Slide 11: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn) Better 2023 2022 (w orse) Q1 Q1 (%) Revenue 176.7 158.9 11.2% Direct costs (153.4) (143.2) (7.2%) of w hich: depreciation and amortisation (12.4) (11.7) (5.9%) Gross profit (recurring) 23.3 15.7 48.4% of w hich: gross profi
Slide 12: Group Balance Sheet and Cash Flow
Group Balance Sheet and Cash Flow Selected balance sheet items (unaudited IFRS, EUR mn) 31 March 2023 31 March 2022 Total Non-current Assets 380.5 309.9 Total Current Assets 284.0 201.0 Total Assets 664.5 510.9 Total Shareholder's Equity 114.4 66.7 Total Current Liabilities 202.9 207.1 Total Long Te
Slide 13: Updated guidance for 2023
Updated guidence for 2023 Annual trend of consolidated EBIT (EUR mn) 33.3 33+ 30.6 -2.7 2022 One-off gain 2022 ITS RCL Insurance 2023 One-off gain 2023 in 2022 normalised normalized in 2023 • Annual normalised EBIT – without the one-off effects both in 2022 and 2023 – expected to growth by minimum E
Slide 14: Thank you for your attention!
Thank you for your attention! WABERER’S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351. Tel: +36 1 421 6300 E-mail: investor.relations@waberers.com
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