Brockhaus Technologies AG · XETR:BKHT
Brockhaus Technologies — Brockhaus Capital Management — H1 2021 Earnings Presentation
13 slides from Brockhaus Technologies's earnings presentation, Aug 17, 2021
Slide 1: Half-Year Statement H1 2021 Investor Update Call
HALF-YEAR STATEMENT H1 2021 INVESTOR UPDATE CALL 17 August 2021
Slide 2: Disclaimer
This document is being presented solely for informational purposes and should not be treated as development of leading international economies in light of the pandemic. BCM Group does not giving investment advice and does not constitute or form part of, and should not be construed as, guarantee that
Slide 3: Group KPIs and Deal Flow
Group KPIs ▪ Revenue of €22.5 million essentially back to last year’s level (-3.0% compared to H1 2020) ▪ Strong increase in order intake of +24% compared to the prior-year period ▪ Adj. EBITDA margin of 11.4% (2nd quarter saw significant recovery to 15.1%) o Still adverse impact of IHSE top-line an
Slide 4: Pro Forma Forecast
Revenue (pro forma) €125m - €135m (previously €120m | +4%) (previously €130m | +4%) Adj. EBITDA (pro forma) €42m - €46m (previously €34m | +24-35%) Adj. EBITDA margin (pro forma) 31% - 37% (previously 26% | +5%) (previously 28% | +9%) 4
Slide 5: Clear focus on Mittelstand customers
KPIs Company overview Unique selling proposition 1 2 ▪ Bikeleasing (“BLS”) is a leading digital platform for the Technological platform Access to ~28k B2B facilitation and management of B2B leasing contracts strength, allowing for customers and ▪ BLS’s platform enables corporates to offer their empl
Slide 6: Bikeleasing platform process
~ 28,000 corporate customers financing providers/ >1,300,000 leasing companies connected employees fully digitalized and automated platform insurances ~ 5,000 retailers PRODUCT SIDE FINANCING SIDE Note: Simplified process description Source: Company information 6
Slide 7: Bikeleasing H1 revenue and EBITDA
+94.8% 33.7 43.6% 44.2% EBITDA margin +98.7% 17.3 14.9 7.5 H1 2020 H1 2021 H1 2020 H1 2021 Revenue EBITDA Note: The financial information on this page present the preliminary results of operations of Bikeleasing group. The pro forma scope of consolidation comprises all entities which are to be acqui
Slide 8: Quarterly revenue by group, Palas and IHSE
+114.3% +33.6% +63.8% H1 7.9 4.8 5.0 4.2 3.7 2.2 Q1 Q2 Q3 Q4 -41.4% -3.0% -26.1% 10.3 9.8 H1 6.1 6.9 6.7 6.5 Q1 Q2 Q3 Q4 17.7 -13.8% +9.9% -3.0% 12.6 H1 11.6 10.8 10.6 10.7 Q1 Q2 Q3 Q4 (€ million) Group Palas IHSE Prior-year period 8
Slide 9: Revenue by region
+75.2% +57.4% +92.9% H1 +121.6% H1 H1 +36.5% +200.0% +36.5% 6.1 +62.9% +128.5% 3.7 3.6 3.5 2.9 1.2 1.7 0.4 0.4 0.6 0.2 0.4 0.7 0.4 0.9 0.5 0.6 0.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -47.6% -16.8% -22.5% -41.4% H1 +21.6% H1 H1 -65.6% +15.0% -11.6% 5.9 -54.9% 5.6 4.6 3.9 3.1 3.5 3.8 2.2 2.4 1.9 1.1 1
Slide 10: Total cash and cash equivalents of €119.8 million as per end of June 2021
Reportable Segments Environmental Security Central Functions and Technologies Technologies consolidation Group € thousand H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 Revenue 9,757 5,956 12,718 17,203 - - 22,476 23,160 Revenue growth 63.8% (26.1%) (3.0%) Gross profit 7,745 4,676 8
Slide 11: Why the transactions are off
DIGITAL MEDTECH MEDTECH SOFTWARE PLATFORM EBITDA margin: ~25% EBITDA margin: ~40% EBITDA margin: ~40% Source: Proprietary Source: M&A process Source: M&A process INSIGHT - Why the transactions are off: ▪ In both cases the current owners expected very high valuations, as usual for leading medtech bus
Slide 12: Q&A
Q&A Happy to answer your questions
Slide 13: Contact details
NEXTOWER | Thurn-und-Taxis-Platz 6 D-60313 Frankfurt am Main T: +49 (0) 69 20 43 40 90 F: +49 (0) 69 20 43 40 971 Mail: ir@bcm-ag.com www.bcm-ag.com
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