Colt Cz Group Se · PSECZ:COLT

Colt Cz — CZG – Česká zbrojovka Group — 9M 2021 Earnings Presentation

19 slides from Colt Cz's earnings presentation, November 2021

  1. Slide 1: CZG – Česká zbrojovka Group SE Financial Highlights 9M 2021

    CZG – ČESKÁ ZBROJOVKA GROUP SE FINANCIAL HIGHLIGHTS 9M 2021 November 2021 INVESTOR PRESENTATION

  2. Slide 2: Legal disclaimer

    Legal disclaimer IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING • This presentation (the “Presentation”) has been prepared by CZG - Česká zbrojovka Group SE, with its registered office at Opletalova 1284/37, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the C

  3. Slide 3: Agenda and today's presenters

    Agenda and today‘s presenters 1 PRESENTERS JAN DRAHOTA JAN ZAJÍC President & Chairman of Member of Board of 9M 2021 AT A GLANCE 2 the Board of Directors of Directors of CZG CZG Jan is minority shareholder in CZG Jan is Chief Executive Officer and Chairman of the Board of Directors of CZUB With the G

  4. Slide 4: CZG closer to achieve 1B EUR 2025 revenue target

    1 CZG closer to achive 1B EUR 2025 revenue target Section: 9M 2021 at a glance Normalized European SME Revenues Net profit EBITDA1;2 Mid-Cap award 7.6B CZK 1.6B CZK 903M CZK CZG among the TOP 3 +53.1% yoy +45.7% yoy +89.1% yoy at the European SME Awards3 9.7B CZK 1.9B CZK Non-IFRS pro forma Legend:

  5. Slide 5: Revenues change in geographical split driven mainly by Colt consolidation

    1 Revenues change in geographical split driven mainly by Colt consolidation Section: 9M 2021 at a glance Breakdown by units sold Comments Units % change vs 9M 2020 Total units sold increased by 37.2% to 463 thousand in 9M 2021, compared to 337 thousand units sold in 9M 2020 Short guns 277 965 +28.9%

  6. Slide 6: Full year guidance confirmed and updated

    2 Revenue Full year guidance confirmed and updated Section: Financial highlights Operating profit CZKm CZKm Pro forma 1600 12,430 – 12 730 16,4% 20,0% 14,3% 1400 Guidance 10,340 – 10 640 10,0% 1200 +33.3% 1 087 7 602 0,0% 1000 186 +53.1% +10.6% 816 -10,0% 902 800 4 964 -20,0% 600 400 -30,0% 200 -40,

  7. Slide 7: Adjusted proforma EBITDA on track to reach upper bound of guidance

    2 Adjusted proforma EBITDA on track to reach upper bound of guidance Section: Financial highlights EBITDA1 Net profit CZKm CZKm 1200 +134.5% 1 120 3 000 22,3% 30,0% 1000 217 21,2% 20,2% Pro forma 20,0% 800 903 +89.1% 2 500 2 430 – 2 630 600 478 10,0% 400 Guidance 1 990 – 2 190 0,0% 200 2 000 0 +45.7

  8. Slide 8: CAPEX for 9M 2021 consistent with full year guidance

    2 CAPEX for 9M 2021 consistent with full year guidance Section: Financial highlights Operating cash flow Capital expenditures CZKm CZKm 2 500 700 80,0% 124,4% 150,0% 111,3% 600 Guidance1 2 000 7,2% 4,6% 4,8% 5,2% 5.0 – 7.0 % 83,4% 100,0% 1 838 1 796 500 40,2% 37,7% 50,0% 1 500 386 393 400 0,0% 331 -

  9. Slide 9: CZG to keep conservative leverage profile

    2 CZG to keep conservative leverage profile Section: Financial highlights Debt structure Debt maturity profile CZKm 8000 63 CZKm 6000 Bank loans & lease payables 5 000 Issue of new 5 000 CZG bonds 4000 Bonds (related to Colt due in 2029 57 37 20 acquision financing) 2 250 2000 Bonds 1 500 2,250 2,25

  10. Slide 10: CZUB as a global firearm producer

    3 CZUB as a global firearm producer Section: CZUB milestones & production efficiency CZUB milestones & main products 1936 1975 1997 2006 2011 2016 2019 ESTABLISHMENT OF START OF CZ ESTABLISHMENT OF DEVELOPMENT STARTS ON A ENTRANCE TO THE Mil/LE FORCES CZ BREN 2 PRODUCTION OF CZ THE FACTORY IN 75 PIS

  11. Slide 11: CZUB significantly improved productivity efficiency

    3 CZUB significantly improved productivity efficiency Section: CZUB milestones & production efficiency CZUB units sold Comments ‘000 of units Management target CZUB managed to more than double the firearm 700 1,2 units sold per employee during the past decade ~600 600 1 ~440 403 0,8 500 380 400 313

  12. Slide 12: Time for your questions

    3 Time for your questions Section: Q&A THANK YOU FOR YOUR ATTENTION

  13. Slide 13: Appendix – EBITDA reconsolidation

    4 Appendix – EBITDA reconsolidation Unaudited consolidated financial results CZK '000 / % 9M 2021 9M 2020 change Net income 902,835 477,515 +89.1% Tax expenses (176,179) (116,350) +51.4% Financial income (expense), net (166,645) 232,520 - Operating profit (EBIT) 901,965 815,655 +10.6% Depreciation a

  14. Slide 14: Appendix – Profit and loss statement

    4 Appendix – Profit and loss statement Unaudited consolidated Profit & loss statement CZK '000 / % 9M 2021 9M 2020 change Revenues from the sale of own products, goods and services 7,601,998 4,964,212 53,1% Other operating income 54,764 89,294 (38,7%) Changes in inventories of finished goods and wor

  15. Slide 15: Appendix – Balance sheet 1/2

    4 Appendix – Balance sheet 1/2 Unaudited consolidated Balance sheet – Assets CZK '000 / % 9M 2021 FY 2020 Non-current assets Property, plant and equipment 2,683,207 2,050,783 Intangible assets 3,668,309 770,194 Long-term receivables 72,620 303,260 Equity-accounted securities and investments 120,927

  16. Slide 16: Appendix – Balance sheet 2/2

    4 Appendix – Balance sheet 2/2 Unaudited consolidated Balance sheet – Equity and liabilities CZK '000 / % 9M 2021 FY 2020 Equity Share capital 3,374 3,264 Capital funds 2,980,180 2,478,885 Accumulated profits 2,674,539 2,027,994 Equity attributable to the shareholder of the Company 5,658,093 4,510,1

  17. Slide 17: Appendix – Cash flow statement

    4 Appendix – Cash flow statement Unaudited consolidated Cash flow statement CZK '000 9M 2021 9M 2020 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 1,068,610 583,135 Depreciation/amortization of non-current assets 525,858 291,709 Change in a

  18. Slide 18: Appendix – Company structure 1

    4 Appendix – Company structure1 Česká zbrojovka Partners SE EHC-4M, SE 100% Free float Czech Republic Czech Republic 81.2% 18.8% 100% 100% CZG – Česká zbrojovka Group SE CZ-US 4M SYSTEMS a.s. (“CZG”) Holdings Inc. Czech Republic Czech Republic USA 100% 92.95% 100% 100% 100% 100% 100% CZG-Česká zbroj

  19. Slide 19: Appendix – Company structure 1

    4 Appendix – Company structure1 CZG – Česká zbrojovka Group SE (“CZG”) Czech Republic 100% CZ-US Holdings Inc. USA 100% Colt Defence LLC USA 100% Colt Holding Company LLC 100% 95% 100% 99% USA New Colt Holding Colt Colt Defence Colt International Corp. 5% Manufacturing Technical 1% Cooperatief U.A.

CZG – Česká zbrojovka Group — 9M 2021 Earnings Presentation on 6ix