Slide 1: Earnings Release Q2 2024
EARNINGS RELEASE Q2 2024 August 8, 2024
Slide 2: Signs for a Successful Caravanning Year in 2024
SIGNS FOR A SUCCESSFUL CARAVANNING YEAR IN 2024 Conclusion of the article "..The trend is not only attributed to the coronavirus pandemic, but is also seen as a long- term change in the society."
Slide 3: The German Market for Leisure Vehicles
THE GERMAN MARKET FOR LEISURE VEHICLES Knaus Tabbert - Top positions in new registrations NEW REGISTRATIONS GERMANY In Units DATA END OF JUNE 2024 (YTD) SOURCE: WWW.CIVD.DE GERMANY GERMANY 12.549 14.217 12.799 #3 #5 10 % marketshare CARAVANS 5 % marketshare 41.500 45.344 40.985 #1 #2 14 % marketshar
Slide 4: Our Dealers' Current Stock Levels in Line with the Market but Not with Costs
OUR DEALERS' CURRENT STOCK LEVELS IN LINE WITH THE MARKET BUT NOT WITH COSTS • More vehicles, which are on the market for longer, • are more expensive and have to be financed with higher interest rates, are currently prompting dealers to reduce their inventories for cost reasons Illustrative visua
Slide 5: The Journey Continues – Strong Results in H1 2024
THE JOURNEY CONTINUES – STRONG RESULTS IN H1 2024 First Half Year 2024 REVENUE ADJ. EBITDA & EBITDA MARGIN In EUR mill. In EUR mill. / % of net revenue 80,0 15,0% 754,2 699,4 69,7 70,0 67,5 13,0% 60,0 11,0% 9,6% 50,0 9,0% 447,4 9,2% 40,0 7,0% 5,7% 30,0 5,0% 25,5 20,0 3,0% 10,0 1,0% 0,0 -1,0% H1 2022
Slide 6: Cash Flow Development
CASH FLOW DEVELOPMENT First Half Year 2024 FREE CASHFLOW The negative change in working capital of In EUR mill. EUR 21.3 million was mainly characterized by an increase in trade receivables and an increase in finished goods. In total, both items increased by around EUR 80 million. In contrast, i
Slide 7: Financial KPI's Equity Ratio and Net Debt Ratio
FINANCIAL KPI’S EQUITY RATIO AND NET DEBT RATIO TOTAL BALANCE SHEET & EQUITY RATIO NET DEBT & NET DEBT RATIO (in EUR mill.) (in EUR mill.) 26,4% 28,2% 28,2% 2,8x 2,0x 2,1x 682,5 683,9 247,0 254,9 557,4 192,8 Dec 31, 2022 Dec 31, 2023 June 30, 2024 Dec 31, 2022 Dec 31, 2023 June 30, 2024
Slide 8: Outlook 2024
OUTLOOK 2024 Despite the generally positive industry environment and typical market inventory levels at caravanning dealers, dealers are meanwhile financing their stock with their banks at significantly higher interes rates. Knaus Tabbert will extend the planned factory holidays in August from three
Slide 9: One Step Ahead
ONE STEP x AHEAD >