Colt Cz Group Se · PSECZ:COLT
Colt Cz — FY2022 Earnings Presentation
27 slides from Colt Cz's earnings presentation, 2023
Slide 1: Preliminary Financial Results Full Year 2022
COLT CZ GROUP SE PRELIMINARY FINANCIAL RESULTS FULL YEAR 2022 INVESTOR PRESENTATION
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING • This presentation (the “Presentation”) has been prepared by Colt CZ Group SE, with its registered office at Opletalova 1284/37, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the Commercial Regi
Slide 3: Agenda and Today's Presenters
AGENDA AND TODAY'S PRESENTERS AGENDA PRESENTERS 1 FULL YEAR 2022 AT A GLANCE JAN DRAHOTA Chairman of the Board of Directors CEO of Colt CZ Group SE 2 FINANCIAL HIGHLIGHTS 3 OTHER NON-FINANCIAL EVENTS JAN ZAJÍC Member of the Board of Directors CEO of Česká zbrojovka a.s. 4 APPENDIX DENNIS VEILLEUX Me
Slide 4: Full Year 2022 at a Glance
FULL YEAR 2022 AT A GLANCE REVENUES ADJUSTED EBITDA CZK 14,590M CZK 3,365M ↑ 36% vs FY 2021 ↑ 55% vs FY 2021 ADJUSTED NET PROFIT ADJUSTED EPS CZK 2,280M CZK 67.0 ↑ 96% vs FY 2021 ↑ 95% vs FY 2021 Notes: Financials for FY 2022 are based on preliminary unaudited results
Slide 5: Group Strategy to Strengthen Focus on MLE Sales Confirmed
GROUP STRATEGY TO STRENGHTEN FOCUS ON MLE SALES CONFIRMED AS A RIGHT DECISION, DESPITE ONGOING MARKET CHALLENGES REVENUE BREAKDOWN1 BY GEOGRAPHY BREAKDOWN BY UNITS SOLD % In ‘000 units 7.0% +10.5% Africa 1.7% 627 693 5.0% Other 247 289 4.1% 380 404 7.7% Czech Republic FY 2021 FY 2022 13.2% Short gun
Slide 6: 2022 a Truly Record Year for the Group
2022 A TRULY RECORD YEAR FOR THE GROUP, PUSHING US AHEAD TO REACH GROUP "VISION 2025" REVENUES ADJUSTED EBITDA1 CZKm CZKm/% 20.3% 23.1% +36% 18,000 Guidance2 5,000 17,000 15,100 – 16,900 16,000 Guidance2 0.0% 15,000 14,590 +55% 3,100 – 3,800 14,600 14,000 ORIGINAL - 4,000 12,824 GUIDANCE 13,000 14,0
Slide 7: FY 2023 Guidance Scenarios
FY 2023 GUIDANCE SCENARIOS REVENUES CZKm 16,400 – 16,900 16,100 – 16,500 14,590 15,100 – 15,500 10,689 FY 2021 FY 2022 FY 2023e FY 2023e FY 2023e ADJUSTED EBITDA CZKm 3,600 – 3,800 3,400 – 3,600 3,100 – 3,300 4,000 3,365 3,000 2,169 2,000 1,000 0 FY 2021 FY 2022 FY 2023e FY 2023e FY 2023e PESSIMISTI
Slide 8: Group BoD to Propose CZK 30 Dividend per Share for FY 2022
GROUP BoD TO PROPOSE CZK 30 DIVIDEND PER SHARE FOR FY 2022 ADJUSTED NET PROFIT2 DIVIDEND PER SHARE CZKm +96% CZK 3,000 2,280 BoD proposal 2,000 246 40 30 1,161 30 25 1,000 401 2,034 20 7.5 760 10 0 0 FY 2021 FY 2022 FY 2020 FY 2021 FY 2022 Adjustments 1 Net profit ADJUSTED EARNINGS PER SHARE2 COMMEN
Slide 9: Expected Capex Allocation in FY 2023
EXPECTED CAPEX ALLOCATION IN FY 2023 CAPITAL EXPENDITURES1 CAPEX GEOGRAPHICAL SPLIT CZKm/% CZKm/% 1150 80.0% +7% Guidance2 950 4.6% 4.8% 5.9% 4.7% ≤5,0% 680 633 750 710 - 750 61 680 196 633 550 -110.0% 331 572 350 274 483 150 -50 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023e -300.0% FY 20213 FY 2022 CAPE
Slide 10: Conservative Debt Profile Provides Space for Potential M&A
CONSERVATIVE DEBT PROFILE PROVIDES SPACE FOR POTENTIAL M&A DEBT STRUCTURE DEBT MATURITY PROFILE 8000 CZKm 63 86 CZKm 6Y@ 6M PRIBOR + 7000 180bps 6000 Bank loans & lease payables 5,000 5000 5,000 7Y@ 6M PRIBOR + 5,000 4000 140bps 2027 bonds 3000 37 20 1,998 2000 2029 bonds 1000 2,250 2,250 2,250 1,99
Slide 11: ESG Strategy: Growing Responsibility to Convert Challenges into Opportunities
ESG STRATEGY: GROWING RESPONSIBILITY TO CONVERT CHALLENGES INTO OPPORTUNITIES ENVIRONMENT PEOPLE PRODUCT GOVERNANCE OBJECTIVE: Promote operational eco- Be the employer of choice Embed innovation, reliability Promote responsible efficiency and active community & responsibility into the business pract
Slide 12: New Production Site in Hungary Secured Through a Joint Venture Agreement
NEW PRODUCTION SITE IN HUNGARY SECURED THROUGH A JOINT VENTURE AGREEMENT ESTABLISHMENT OF A JOINT VENTURE WITH THE HUNGARIAN GOVERMENT As a result of long-term cooperation with Hungarian PRODUCT SCOPE: partners, Group signed a joint venture agreement with state owned N7 Holding Ltd. Hungarian side t
Slide 13: Group Further Expanded NFT Advantages to Our Customers
GROUP FURTHER EXPANDED NFT ADVANTAGES TO OUR CUSTOMERS NFT COLLECTOR‘S HUB UNIQUE MEMBERSHIP PROGRAM As a part of our NFT journey we launched Collector‘s Hub, a Group launched in 01/2023 a unique membership program place where the Group holds its highest prized, limited together with release of limi
Slide 14: Successful Opening of Multifunctional Indoor Sport Shooting Range in France
SUCCESSFUL OPENING OF MULTIFUNCTIONAL INDOOR SPORT SHOOTING RANGE IN FRANCE GRAND OPENING OF EG-CZ ACADEMY In 12/2022, Group opened the first officially approved professional sport shooting center in QUIMPER, FRANCE France EG-CZ Academy offers multifunctional indoor shooting range, located in a town
Slide 15: Group to Launch a Colt-Branded Apparel Entity
GROUP TO LAUNCH A COLT-BRANDED APPAREL ENTITY ESTABLISHMENT OF FOUR HORSES APPAREL As part of the Colt brand heritage, Group has established Four Horses Apparel Ltd. Our mission is to offer exclusive luxury fashion clothing and accessories which build on Colt rich history, but also on the American &
Slide 16: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION iy / j VA ff ( / COLT CZGROUP
Slide 17: Appendix
APPENDIX COLT CZGROUP
Slide 18: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION In CZK ‘000 FY 2022 FY 2021 Operating profit 2,198,682 1,011,181 Depreciation and amortization 910,435 789,623 EBITDA 3,109,117 1,800,804 ESOP related costs 198,360 - ESOP related provisions for health insurance 10,346 - M&A costs1 47,474 306,522 Depreciation of wastin
Slide 19: Adjusted Net Profit Reconciliation
ADJUSTED NET PROFIT RECONCILIATION In CZK ‘000 FY 2022 FY 2021 Earnings before tax 2,356,170 931,548 Tax expenses (321,978) (171,086) Net income 2,034,192 760,462 Earn-out related costs1 21,671 118,868 ESOP related costs 198,360 - ESOP related provisions for health insurance 10,346 - M&A costs2 47,4
Slide 20: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT In ‘000 CZK 31 Dec 2022 31 Dec 2021 Revenues from the sale of own products, goods and services 14,589,774 10,688,927 Other operating income 133,270 61,679 Change in inventories developed internally 614,778 166,666 Own work capitalized 151,781 139,611 Raw materi
Slide 21: Consolidated Balance Sheet 1/2
CONSOLIDATED BALANCE SHEET 1/2 In ‘000 CZK 31 Dec 2022 31 Dec 2021 ASSETS Non-current assets Intangible assets 3,462,131 3,505,464 Goodwill 2,457,416 2,390,127 Property, plant and equipment 3,066,251 2,810,115 Equity-accounted securities and investments 39,401 109,445 Financial derivatives 1,181,097
Slide 22: Consolidated Balance Sheet 2/2
CONSOLIDATED BALANCE SHEET 2/2 In ‘000 CZK 31 Dec 2022 31 Dec 2021 EQUITY AND LIABILITIES Capital and reserves Share capital 3,410 3,374 Share premium 1,366,386 1,139,211 Capital funds 1,641,512 1,641,512 Cash flow hedge reserve 1,068,214 119,983 Foreign exchange translation reserve (326,433) (201,3
Slide 23: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT In ‘000 CZK 31 Dec 2022 31 Dec 2021 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 2,356,170 931,548 Depreciation/amortization of non-current assets 910,435 789,623 Change in allowances and provisions 20,024
Slide 24: Colt CZ Group Structure
COLT CZ GROUP STRUCTURE 100% 100% 76.86% Colt CZ Group North 23.14% EHC-4M, SE Česká zbrojovka Partners SE America, Inc. Free float Czech Republic Czech Republic USA 100% Colt CZ Group SE 100% 100% 100% 100% Czech Republic CZ-USA Four Horses Colt Holding Company 4M SYSTEMS a.s. Inc. Apparel, Inc. LL
Slide 25: Colt CZ Group Leadership: Board of Directors
COLT CZ GROUP LEADERSHIP: BOARD OF DIRECTORS JAN DRAHOTA JAN ZAJÍC Chairman of the Board of Directors Member of the Board of Directors CEO of Colt CZ Group CEO of Česká zbrojovka With the Group since 2014 More than 15 years of experience in managerial positions in industrial companies in the Czech R
Slide 26: Colt CZ Group Leadership
COLT CZ GROUP LEADERSHIP Colt CZ Group Supervisory Board: North America Leadership: LUBOMÍR KOVAŘÍK GENERAL (Ret.) GEORGE CASEY Chairman of the Supervisory Board Member of the Board of Directors, Colt CZ Group NA Former President of the Group in 2018-2021 Former US Army Chief of Staff from 2007 to 2
Slide 27: Thank You
THANK YOU Colt CZ Group SE Opletalova 1284/37 110 00 Prague 1, Czech Republic www.coltczgroup.com info@coltczgroup.com