Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — Q2 2024 Earnings Presentation
17 slides from Brockhaus Technologies's earnings presentation, Aug 14, 2024
Slide 1: Elevating Champions
Elevating Champions Earnings Call Q2 2024 August 14, 2024
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as underlying the forward-looking statements in this presentation are free from errors nor does it giving investment advice and does not constitute or form part of, and should not be construed as,
Slide 3: Summary H1 2024
Summary H1 2024 Selected group financials Key highlights +30% 109.0 (€ million) 84.1 Highly profitable growth in H1 2024 despite unstable weather and general consumer Revenue reluctance in Q2 in the HR Benefit & Mobility Platform segment and a strong order backlog in the Security Technologies segmen
Slide 4: Consistently increasing free cash flow
Consistently increasing free cash flow Free cash flow before tax Highlights (in € million) CAGR: +105% Free cash flow before tax increased to €2.3 million in 44.4 H1 2024 (H1 2023: €-143 39.8 thousand) The negative free cash flow in H1 2023 was due to a high refinancing backlog at Bikeleasing in the
Slide 5: Continuously strong increase of adjusted EPS
Continuously strong increase of adjusted EPS Adjusted earnings per share (EPS) Highlights (in €) Strong performance of CAGR: +77% business segments lead to a doubling of adj. pro forma EPS from €0.64 in 2022 to 1.29 €1.29 in 2023 +53% Compound annual growth rate (CAGR) of +77% between 2021 and 2023
Slide 6: Revenue by quarter
Revenue by quarter +51.3% 62.4 +28.7% 46.8 41.2 32.4 33.0 25.1 - - Q1 Q2 Q3 Q4 -12.5% -25.5% 11.8 11.0 9.4 8.3 7.3 7.0 - - Q1 Q2 Q3 Q4 (€ million) IHSE Bikeleasing Prior-year period 6
Slide 7: Revenue by region
Revenue by region +42.8% 94.7 66.4 - - - - EMEA Americas APAC -9.0% 9.0 -27.4% 8.2 7.2 5.2 -43.8% 1.5 0.8 EMEA Americas APAC (€ million) IHSE Bikeleasing Prior-year period 7
Slide 8: KPIs by segment (pro forma)
KPIs by segment (pro forma) Central Functions BKHT HR Benefit & Mobility Platform Security Technologies and Consolidation Group Pro forma Pro forma (€ thousand) H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 Revenue 94,732 66,355 14,277 17,716 - - 109,009 84,071 Revenue growth 42.8%
Slide 9: Constant net leverage well below the target level
Constant net leverage well below the target level Net debt calculation as per H1 2024 Highlights (€ million) Available financing capacity allows for future growth ~0.74x through new acquisitions Net debt / 86.0 adj. pro-forma EBITDA (LTM) 17.6 Conservative leverage 54.2 ratio of ~0.74x adj. pro- (8.
Slide 10: Bikeleasing – Operational deep dive
Bikeleasing – Operational deep dive (# bikes facilitated) Another record H1 for Bikeleasing in terms of revenue and earnings -21% +30% +18% Highest onboarding rate of new corporate customers ever realized in a H1 # of corporate customers grew to ~67k with ~3.6 million connected employees # of facili
Slide 11: Continued integration of Probonio and Bikeleasing with sales roll-out to commence in H2
Continued integration of Probonio and Bikeleasing with sales roll-out to commence in H2 Exemplary overview of integration work streams Workstream Description 3-month status ✓ Harmonization of contracts and legal standards between Legal Bikeleasing and Probonio (e.g. governance systems, 2 Months cont
Slide 12: IHSE – Operational deep dive
IHSE – Operational deep dive 12,0 11,8 (€ million) 11,0 9,2 9,4 Revenue in H1 is well below last year's and 8,8 8,3 at a similar level to 2021/2022, partially due 7,4 7,2 7,6 7,3 7,0 6,7 to planned downtime in Q1 and delays in 6,1 customer orders for multiple projects, shifting revenue recognition b
Slide 13: IHSE – Product innovation
IHSE – Product innovation IHSE introduces a new video compression codec for its product lines: JPEG XS, the ultimate solution for high-quality, low- latency video compression, offering visually lossless quality and unparalleled efficiency Its high-quality compression preserves image fidelity, while
Slide 14: Group Forecast FY 2024
Revenue €220m - €240m Group (2023: €187m | +18% to +29%) Forecast FY 2024 Adj. EBITDA €80m - €90m (2023: €62m | +29% to +45%) On track to build one of Germany's leading technology groups. For details on alternative performance measures, please refer to page 64 of our 2023 annual report. 14
Slide 15: Medium-term Outlook 2025: €290-320m revenue target
Medium-term Outlook 2025 2025 (€ million) €290-320m revenue target 240 187 220 40% 143 adj. EBITDA 105 margin 90 67 52 47 80 41 12 2020A 2021PF 2022A Revenue Adj. EBITDA 2023PF 2024FC 2025E Note: For additional details please see the ad-hoc announcements dated June 6, 2023 and March 22, 2024; figure
Slide 16: Happy to answer your questions
Q&A Happy to answer your questions 16
Slide 17: 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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