Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — H1 2023 Earnings Presentation
16 slides from Brockhaus Technologies's earnings presentation, Aug 14, 2023
Slide 1: Elevating Champions
Elevating Champions HALF-YEARLY STATEMENT H1 2023 EARNINGS CALL August 14, 2023
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as in this presentation are free from errors nor does it accept any responsibility for the future giving investment advice and does not constitute or form part of, and should not be construed as,
Slide 3: Summary H1 2023PF
Summary H1 2023PF Selected group financials Key highlights (€ million) +29% 84.1 Record H1 with significant and highly 65.1 Revenue profitable top-line growth across all business segments +28% Adjusted 23.2 29.6 Group forecast 2023 with revenue between pro forma € €165 – 175 million and an adj. EBIT
Slide 4: Revenue by quarter
Revenue by quarter +22.3% +52.3% 41.2 33.7 34.8 25.1 21.7 16.5 - - Q1 Q2 Q3 Q3 +23.4% +14.5% 12.0 9.4 9.2 8.3 7.6 7.2 - - Q1 Q2 Q3 Q3 Note: In 2023 revenue is not adjusted for reduced result (€ million) IHSE Bikeleasing Prior-year period 4 from value step up anymore. 2022 figures are adjusted accord
Slide 5: Revenue by region
Revenue by region +32.1% 66.4 50.2 - - - - EMEA Americas APAC +10.0% 9.0 +83.4% 8.2 7.2 -45.9% 3.9 2.8 1.5 EMEA Americas APAC Note: In 2023 revenue is not adjusted for reduced result (€ million) IHSE Bikeleasing Prior-year period 5 from value step up anymore. 2022 figures are adjusted accordingly.
Slide 6: KPIs by segment (pro forma)
KPIs by segment (pro forma) Central Functions BKHT Financial Technologies Security Technologies Total and Consolidation Group Pro forma Pro forma Pro forma Pro forma Pro forma [€ thousand] H1 2023 2022 H1 2023 2022 H1 2023 2022 H1 2023 2022 H1 2023 2022 Revenue 66,355 50,215 17,716 14,884 84,071 65,
Slide 7: 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 8: Refinancing backlog and cash flow
Refinancing backlog and cash flow (in € million) Refinancing backlog Change of backlog 13.8 During the year, our cash flow is materially impacted by 1 Refinancing backlog follows swings in the refinancing backlog of Bikeleasing unit numbers, influenced by 27.8 effects such as fluctuating processing
Slide 9: Bikeleasing - Operational deep dive
Bikeleasing - Operational deep dive Record H1 for Bikeleasing in terms of all financial and operating KPIs (# bikes facilitated) +31% ~80k # of facilitated bikes in H1 grew by +31% to ~80k ~61k # # of corporate customers grew to ~44k ~51k with ~2.9 million employees Cash of ~€19m distorted by a high
Slide 10: Bikeleasing – Operational deep dive
Bikeleasing – Operational deep dive Now 100% paperless Onboarding of D2C brands, such as Launch of a fully digital framework ✓ Canyon, YT or Propain ✓ agreement for corporate customers Bikeleasing as a direct payment and Enables easier, quicker and 100% ✓ financing provider on the OEM websites ✓ pap
Slide 11: IHSE - Operational deep dive
IHSE - Operational deep dive Acceleration of revenue growth to Strongest H1 since start of the Covid-19 pandemic in +19% in H1 2023 especially due to a 2020 continued strong development in Americas €17.7m 12.0 €17.2m 10.3 9.8 9.4 EBITDA margin again at the previous 8.8 9.2 year’s level, after planne
Slide 12: IHSE – Operational deep dive
IHSE – Operational deep dive New Draco CON-App, allowing latency-reduced First sales and trade show activity using the ✓ newly certified “Secure KVM” products ✓ access to KVM networks from PCs / laptops using a software-based console Very positive reaction by the Governmental Innovation partly utili
Slide 13: 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%) 13
Slide 14: €290-320m revenue target
Medium-term Outlook 2025 2025 (€ million) Assuming mid-point of the FY 2023 forecast €290-320m revenue target 40% adj. EBITDA margin 2024E 2025E Note: For additional details please see the ad-hoc announcement from June 19th, 2023 14
Slide 15: Happy to answer your questions
Q&A Happy to answer your questions 15
Slide 16: Brockhaus Technologies AG contact details
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
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