Colt Cz Group Se · PSECZ:COLT
Colt Cz — H1 2023 Earnings Presentation
22 slides from Colt Cz's earnings presentation, 2023
Slide 1: Colt CZ Group SE Financial Results 6M 2023
COLT CZ GROUP SE FINANCIAL RESULTS 6M 2023 INVESTOR PRESENTATION EZGROUP //, _, J f
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING > This presentation (the “Presentation”) has been prepared by Colt CZ Group SE, with its registered office at namésti Republiky 2090/3a, Nové Mésto, 110 00 Praha 1, Identification Number 291 51 961, registered in the Commerci
Slide 3: Agenda and Today's Presenters
AGENDA AND TODAY'S PRESENTERS AGENDA PRESENTERS JAN DRAHOTA Chairman of the Board of Directors CEO of Colt CZ Group SE 1 6M 2023 AT A GLANCE 2 FINANCIAL HIGHLIGHTS JAN ZAJIC Member of the Board of Directors CEO of Ceska zbrojovka as. 3 OTHER NOTABLE EVENTS JANA MATOUSKOVA 4 APPENDIX Head of Group Fi
Slide 4: 6M 2023 at a Glance
6M 2023 AT A GLANCE REVENUES CZK 6,860M V 2.7% vs 6M 2022 ADJUSTED NET PROFIT CZK 1,198M 4 1.3% vs 6M 2022 COLT CZGROUP Notes: Financials for 6M 2023 are unaudited ADJUSTED EBITDA CZK 1,464M Vv 18.4% vs 6M 2022 ADJUSTED EPS CZK 35 ¥ 0.8% vs 6M 2022
Slide 5: Notable Business Highlights in the 6M 2023
NOTABLE M/LE BUSINESS HIGHLIGHTS IN THE 6M 2023 te | New acquisition — swissAA holding New contract with Danish government —— Continuing supplies to the Swedish army — A significant part of the contracted deliveries was shipped to Ukraine
Slide 6: Significant Improvement in Q2 2023 Despite the Impact of Strong CZK
SIGNIFICANT IMPROVEMENT IN Q2 2023 DESPITE THE IMPACT OF STRONG CZK REVENUE BREAKDOWN! BY GEOGRAPHY BREAKDOWN BY UNITS SOLD 58% 48% In ‘000 units 7396) 47% 20% 1296 10% 1296119119 og” 7912 2436 4% 3% 4% 3% — Q.% 2% 1% USA Asia Europe? Czech Rep. Canada Other Africa 6M 2022 6M 2023 Mom 2022 FY 2022 M
Slide 7: Narrowed Its Full Year Guidance
NARROWED ITS FULL YEAR GUIDANCE REVENUES ADJUSTED EBITDA? cZKm. CZKm/% 16,000-16,400 3,200-3,400 ‘6M 2022 ‘6M 2023 FY 20232 ‘6M 2022 ‘6M 2023 FY 20232 Adjustments MLEBITDA COMMENTS » YtY increase of revenues due to expected strong second half year 2023 > Impact of strong CZK during first HY 2023 neg
Slide 8: Net Profit Development Outpaces EBITDA
NET PROFIT DEVELOPMENT OUTPACES EBITDA ADJUSTED NET PROFIT? ADJUSTED EARNINGS PER SHARE? cZKm. CZK =< (0.8%, 6M 2023 ‘6M 2022 6M 2023 lMAdjustments! Net profit ‘Adjustments! EPS ‘6M 2022 COMMENTS > Strong CZK and impact of hedge accounting result has positive impact on net profit and earnings per sh
Slide 9: Capex Rolling Out According to the Group Plan
CAPEX ROLLING OUT ACCORDING TO THE GROUP PLAN CAPITAL EXPENDITURES? CAPEX GEOGRAPHICAL SPLIT CZKm/% CZKm 48% 5.9% 47% 3.5% 1 ° ° ° 236 680 650-750 633 331 il i FY 2020 FY 2021 FY 2022 6M 2023 FY 2023e 6M 2022 6M 2023 IICAPEX e= CAPEX/Revenves NNorth America ill Czech Republic COMMENTS > The Group co
Slide 10: Debt Structure
DEBT STRUCTURE DEBT MATURITY PROFILE NET FINANCIAL DEBT? & NET LEVERAGE RATIO? cZKm. CZKm Le 14x 12x 5,000 4414 1,998 2023-2026 2027 2028 2029 FY 2021. FY 2022 6M 2023 eve 6M We 6M We 6M =e=Net leverage ratio Il Net debt PRIBOR + PRIBOR + PRIBOR + 180bps 140bps 180bps COMMENTS » The Group hedges FX,
Slide 11: swissAA-Group - New Member of Colt CZ Group
swissAA-GROUP - NEW MEMBER OF COLT CZ GROUP LEGAL STRUCTURE swissAA-GROUP be Colt CZ Group 100% swissAA Holding AG CH-Daniken 100% 3FTE — — — — | = — — aaltech GmbH ialtech s.1 galtech GmbH saltech AG haltech kft. s-pyrotech kft. A-Sollenau 100% CH 100% D-Bad Krozinger 100% CHDaniken 100% HBalatonfé
Slide 12: Wide Portfolio in 5.56, 7.62 and 12.7 mm with Focus on High Value Products
WIDE PORTFOLIO IN 5.56, 7.62 AND 12.7 MM WITH FOCUS ON HIGH VALUE PRODUCTS 12.7MM 9MM 0.338 40MM 7.62MM 5.56MM NONLETHAL AMMUNITION AMMUNITION AMMUNITION LV AMMUNITION AMMUNITION AMMUNITION : a In all applications , —= —=— = : ad a — we are a boutique manufacturer, > Ball/ M33 > Ball » Long distance
Slide 13: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION Gy, COLT CZGROUP
Slide 14: Appendix
Tans | Ge COLT CZGROUP
Slide 15: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION ‘Operating profit 924719 1305619 Depreciation and amortization 373,433 42.564 EBITDA 7,298,152 725,208 ESOP. 61179 36073 MBA costs 4865, 33.455, “Adjusted EBITDA TA64196 T7471 Notes: Financials for $M 2023 are unaudited 1 in 6M 2025 related to the acquisitions in the d
Slide 16: Adjusted Net Profit Reconciliation
ADJUSTED NET PROFIT RECONCILIATION Earnings before tax 1362073, 139297 Tx expenses 305918 288,092, Net income 7,046,156. 7,104,705. Earnings before tax 1362075, 1392197 Eaout related costs! 26e18 28,856 ESOP related costs 161179 36073 MBA costs? 4965 33,455 Oneoff expenses related to the bond issue
Slide 17: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT In ‘04 Revenues from the sale of own products, goods and services 6860236 7,049,170 (Other operating income 51,590 36851 ‘Change in inventories developed internally 408,960 972245 ‘Own work capitalized 92.84 96972 Raw materials and consumables used 3,599,095 39
Slide 18: Consolidated Balance Sheet 1/2
CONSOLIDATED BALANCE SHEET 1/2 Jun 2023 Intangible assots 3226401 3462131 Goodwil 2A57416 2A57AL6 Property, plant and equipment 3.024723 3,066,251 Investmentsin subsiciares in acquisition process 724,200 Equity accounted securities and investments 42,278 39401 Financial derivatives 1504214 1181097 T
Slide 19: Consolidated Balance Sheet 2/2
CONSOLIDATED BALANCE SHEET 2/2 In ‘04 EQUITY AND LIABILITIES Capital and reserves Share capital 3447 3410 Share premium 1,580,044 1366,386 (Capital funds 1.641.512 1,641,512 ‘Cashflow hedge reserve 11,062694 11068214 Foreign exchange translation reserve 326432 326433 Accumulated profits 4,091,450 39
Slide 20: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT CZK 30 Jun 2022 flows from principal economic activity (0 Profit from ordinary activity before tax 1,352,078 3.392797 Depreciation/amortization of non-current assots 373435, 421.584 ‘Change in allowances and provisions 25,189 2160 ‘Gain/Loss on sale of fixed assets 1
Slide 21: Colt CZ Group Structure
COLT CZ GROUP STRUCTURE 76.04% Ceska zbrojovka Partners SE 058 51777, Czech Republic —_—_——— —_ 4 100% Colt CZ Group SE 291 1 961, Czech Republic 1 i i q q 1 100% 100% 100% 100% 100% 100% Colt CZ Defence Eeska zbrojovka Colt CZ Group C26 VIB Colt CZ Group North EHC-4M, Solutions s.r.0. as. Internati
Slide 22: Thank You
THANK YOU Colt CZ Group SE namésti Republiky 2090/3a 110 00 Prague 1, Czech Republic www.coltezgroup.com info@coltezgroup.com 2) Rated &, Vows susTAINALY TICS COLT CZGROUP