Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — Investor Presentation (September 2023)
23 slides from Brockhaus Technologies's investor presentation, September 2023
Slide 1: The Gateway into German Mittelstand Technology Champions
The Gateway into German Mittelstand Technology Champions September 2023
Slide 2: Elevating Champions
We know We know Germany. Mittelstand. Elevating Champions We know We acquire Technology. Champions. 2
Slide 3: Building one of Germany's leading technology groups
Building one of Germany’s leading technology groups Acquisitions + Value creation + Long-term growth Reinvestment of cash flows & repayment of debt Sustainable profitable growth Vertical growth International- „Cash Compounding Mode“ ization Enhancement Sourcing Execution Acquisition criteria Technol
Slide 4: >20 years track record of delivering superior returns to investors
>20 years track record of delivering superior returns to investors 2021 Renaming in Brockhaus 2017 Technologies Inception of Brockhaus Capital 2023+ 2014 Management Sale 2007 Launch of 2001 Launch of Brockhaus Private Launch of Brockhaus Equity III Brockhaus Private Equity II Fully realized 2023 Pri
Slide 5: Brockhaus Technologies at a glance
Brockhaus Technologies IHSE IHSE IHSE China France Israel IHSE South Korea at a glance IHSE USA Established Headquarters IHSE Asia Bikeleasing 2017 Frankfurt Austria kvm-tec IHSE Middle East & South Germany Asia Businesses Employees ~370 Bikeleasing Bikeleasing Bikeleasing HQ Revenue (before PPA) 20
Slide 6: Exceptional people, incentivized to increase shareholder value
Exceptional people, incentivized to increase shareholder value Brockhaus Technologies team 1 Owning ~23% Marco Brockhaus Dr. Marcel Wilhelm Paul Göhring Harald Henning Yannick Moyles-Johnson of BKHT share Founder / CEO COO / Legal Counsel Acquisitions Finance Operations capital Management Board Mana
Slide 7: KPIs by segment as per H1 2023
KPIs by segment as per H1 2023 Central Functions Financial Technologies Security Technologies Total Group and Consolidation Pro forma Pro forma Pro forma Pro forma Pro forma [€ thousand] H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 Revenue 66,355 50,215 17,716 14,8
Slide 8: Very solid balance sheet composition
Very solid balance sheet composition Net debt calculation Highlights (€ million) ~0.7x Available financing capacity Net debt / driven by significant adj. EBITDA (LTM) deleveraging allows for 87.4 future growth through new acquisitions Very conservative leverage ratio of 14.4 € ~0.7x adj. EBITDA (LTM
Slide 9: Indicative exemplary calculation of existing, non-dilutive financing capacity
Indicative exemplary calculation of existing, non-dilutive financing capacity (€ million) 2.5x – 3.0x adj. EBITDA (LTM) ~135-160 ~98-123 0.7x adj. EBITDA (LTM) ~37 Net Debt Today 1 Target Net Debt Financing Capacity 1. As per June 30, 2023; Adj. EBITDA (LTM) as per June 2023 of €53.8m 9
Slide 10: Group Forecast FY 2023
Group Revenue €165m - €175m (2022: €143m | +16 to +23%) Forecast FY 2023 Adj. EBITDA margin 35% (2022: 33.2%) Well on track building one of Germany’s leading technology Corresponding adj. EBITDA €58m - €61m groups (2022: €50m | +16 to +23%) 10
Slide 11: Medium-term outlook 2025: €290-320m revenue targeted
Medium-term outlook 2025 2025 €290-320m Assuming mid-point of the FY 2023 (€ million) forecast 170 revenue targeted 145 105 40% adjusted EBITDA 60 margin 52 50 41 12 2020A 2021A 2022A 2023FC 2024E 2025E Revenue Adjusted EBITDA Note: For further information, please refer to the ad-hoc-news from 19 Ju
Slide 12: Bikeleasing: B2B FinTech for employee benefits
B2B FinTech for employee benefits KPIs FY2022 Company overview Exceptional platform performance ▪ Bikeleasing as a FinTech provides B2B customers with a leading digital in thousand new leasing objects €109m platform for leasing of employee benefits (today bicycles) ▪ The platform enables the highly
Slide 13: Visualization of the business model
Visualization of the business model 1 ~51,000 Digital and highly automated EMPLOYERS Transaction-based business connection between all model with revenue per stakeholders leased item arranged Conversion of cash compensation Leasing & into non-cash compensation insurance installments 1 FINANCING ~2,9
Slide 14: Significant white space in the German Market
Significant white space in the German Market 100% Strategic focus backed by market data … not attractive 40% Market penetration 1 Increasing the number of corporate customers on the Bikeleasing platform 1 thereof ~35% 2 currently using this opportunity … yes 60% attractive Driving utilization rates
Slide 15: On continued strong growth path
On continued strong growth path Financials H1 2023 Operational update Levers for future growth (€ million) +32% 66,4 Expand market penetration by 50,2 Revenue +31% to ~80,000 continuously onboarding new # of facilitated bikes in H1 2023 corporate customers Increase usage rates in already onboarded +
Slide 16: Technology leader for high performance data transmission
Technology leader for high performance data transmission KPIs FY2022 Company overview Products (selected) ▪ KVM (keyboard, video and mouse) technology for the highly secure and €36m low latency transmission of data in mission-critical applications ▪ Strategic acquisition of KVM-over-IP manufacturer
Slide 17: Visualization of the business model
Visualization of the business model Computer unit IP extender Encodes video, audio and data IP network switch Enables access from signals from the source and every workstation to sends them to the workstation every computer via via IP network protocol an IP network Video and keyboard Video and input
Slide 18: Strong position in the well-protected market for high-performance data transmission
Strong position in the well-protected market for high-performance data transmission Market mapping Barriers to entry Certification and security standards ▪ “Mission-critical” applications provide access to key end markets that are inaccessible to other players High ▪ Certification requirements High
Slide 19: Rebound growth following Covid intact
Rebound growth following Covid intact Financials H1 2023 Operational update Levers for future growth (€ million) +19% Post-Covid rebound with 17,7 14,9 +19% revenue growth Continued market penetration with Revenue due to lifting of travel and contact proprietary, new IP, hybrid and certified restric
Slide 20: High value realization through sale of Palas
High value realization through sale of Palas after successful further development under the roof of Brockhaus Technologies Development since acquisition by BKHT in Dec. 2018 Value realization through sale of Palas (€ million) Almost doubling of revenue (~€12m to ~€21m), EBITDA (~€3m to ~€7m) and EBI
Slide 21: Uniquely positioned with a proven and successful business model
Uniquely positioned with a proven and successful business model as a successful US role model BKHT focus German EV: EBITDA: Mittelstand €30–300m €3–30m Level of innovation Technology and innovation champions Technology platforms Strong growth potential Scalable business model with sustainable Unique
Slide 22: Brockhaus Technologies AG
BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), D
Slide 23: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as uncertain. Brockhaus Technologies does not guarantee that the assumptions underlying the giving investment advice and does not constitute or form part of, and should not be construed as, forwar
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