Nemetschek SE · XETR:NEM
Nemetschek — Q1 2023 Earnings Presentation
17 slides from Nemetschek's earnings presentation, Apr 27, 2023
Slide 1: Earnings Call Q1-23
Earnings Call Q1-23 Nemetschek Group April 27, 2023
Slide 2: Financial Results Q1-23
01 Financial Results Q1-23 02 Nemetschek Group | Earnings Call Q1-23
Slide 3: Key Messages
1. Successful start to the year & well on track to reach outlook FY-23 2. Q1 supported by catch-up effects from Q4 and by pre-buying ahead of announced price increases in Design segment 3. As planned: Substantial progress on our journey to a Key subscription and SaaS centric business model in all se
Slide 4: Transforming the AEC Industry: From Silos to Workflows
Transforming the AEC Industry: From Silos to Workflows BAU / München 2023 BIM World / Paris 2023 NAB 2023 ONE Nemetschek NACSS 2023 04 Nemetschek Group | Earnings Call Q1-23
Slide 5: Key Financial Highlights Q1-23: Successful Start to the Year
Key Financial Highlights Q1-23: Successful Start to the Year Revenues: EBITDA: Cash Conversion: +6.5% (FX adj.: +5.5%) to -12.7% (FX adj.: -10.8%) to 123% EUR 204.6m EUR 61.0m ARR: EBITDA margin: Net Cash Position: +23.5% to 29.8% EUR 189.1m EUR 597.4m Subscription/SaaS Revenues: Earnings per Share:
Slide 6: Segments Q1-23: Re-acceleration in Design, Build and Media According to Plan
Segments Q1-23: Re-acceleration in Design, Build and Media According to Plan DESIGN BUILD* MEDIA MANAGE* Revenues +12.2% -1.5% +5.0% +5.1% EURm +12.1% cc1 -3.9% cc1 +4.2% cc1 +5.9% cc1 104.2 92.8 62.9 62.0 25.5 26.8 12.8 13.4 Q1-22 Q1-23 Q1-22 Q1-23 Q1-22 Q1-23 Q1-22 Q1-23 Margin 31.9% 29.0% 44.9% 3
Slide 7: Revenues by Type: Strong Increase in Recurring Revenue Share
Revenues by Type: Strong Increase in Recurring Revenue Share Q1-23 Comments Revenue Share Revenue Share • Indicates strong future by type in % of Subscription/SaaS growth with EUR 597m ARR2 y/y • +23.5% • Expected acceleration in H2-23 100% • Continued strong Recurring • +23.5% growth to EUR 149m re
Slide 8: At a Glance: Income Statement and Important KPIs
At a Glance: Income Statement and Important KPIs Key Figures mEUR Q1-23 In % of revenue Q1-22 Growth y/y Revenues 204.6 100% 192.2 +6.5% Cost of goods and services -7.8 3.8% -6.9 +12.7% Personnel expenses -88.8 43.4% -78.2 +13.5% Other operating income/expenses -47.1 23.0% -37.3 +26.2% EBITDA 61.0 2
Slide 9: Outlook
02 Outlook 09 Nemetschek Group | Earnings Call Q1-23
Slide 10: Outlook 2023: On Track after Successful Start to the Year
Outlook 2023: On Track after Successful Start to the Year 2022 Guidance Ambition Starting Point 2023 2024 2025 ARR: ARR Growth: Revenue Growth: Revenue Growth: EUR 581.7m > 25% Double digit percentage Significantly above market growth – Share Recurring Share Recurring At least Revenue: Revenue: Mid-
Slide 11: Appendix
03 Appendix 11 Nemetschek Group | Earnings Call Q1-23
Slide 12: Income Statement
Income Statement €m Q1 2023 Q1 2022 % YoY Revenues 204.6 192.2 +6.5% Other income 1.8 3.0 -40.5% Operating income 206.4 195.3 +5.7% Cost of goods and services -7.8 -6.9 +12.7% Personnel expenses -88.8 -78.2 +13.5% Other expenses -48.9 -40.3 +21.1% Operating expenses -145.5 -125.5 +15.9% EBITDA 61.0
Slide 13: Balance Sheet – Assets
Balance Sheet – Assets €m March 31, 2023 December 31, 2022 Assets Cash and cash equivalents 234.1 196.8 Trade receivables, net 91.4 84.5 Inventories 1.0 0.9 Other current assets 50.7 44.9 Current assets, total 377.2 327.1 Property, plant and equipment 26.5 26.6 Right-of-use assets 71.1 69.8 Intangib
Slide 14: Balance Sheet – Equity and Liabilities
Balance Sheet – Equity and Liabilities €m March 31, 2023 December 31, 2022 Equity and liabilities Short-term borrowings and current portion of long-term loans 39.8 65.1 Trade payables & accrued liabilities 62.9 86.0 Deferred revenue 258.2 206.9 Current lease liability 15.2 14.9 Other current liabili
Slide 15: Cash Flow Statement
Cash Flow Statement €m Q1 2023 Q1 2022 % YoY Cash and cash equivalents at the beginning of the period 196.8 157.1 +25.3% Cash flow from operating activities 74.9 72.0 +4.1% Cash flow from investing activities -6.0 -10.7 -43.4% t/o CapEX -2.6 -3.1 t/o Cash paid for acquisition of equity investments -
Slide 16: Shape the World
SHAPE THE WORLD NEMETSCHEK SE Investor Relations Konrad-Zuse-Platz 1 81829 Munich Germany investorrelations@nemetschek.com www.nemetschek.com NEMETSCHEK SE Konrad-Zuse-Platz 1 | 81829 München | Tel. (089) 540459-0 | www.nemetschek.com
Slide 17: Disclaimer
Disclaimer This presentation contains forward-looking statements based on the beliefs of Nemetschek SE management. Such statements reflect current views of Nemetschek SE with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from thos