Knaus Tabbert Ag · XETR:KTA
Knaus Tabbert — Q1 2023 Earnings Presentation
12 slides from Knaus Tabbert's earnings presentation, May 10, 2023
Slide 1: Earnings Release Q1 2023
EARNINGS RELEASE Q1 2023 May 10, 2023
Slide 2: Highlights – First Quarter 2023
HIGHLIGHTS – FIRST QUARTER 20223 - Record Start into Q1 2023 with 368,5 Mil in net revenue - Significant improvement in the product mix - towards more motorized vehicles EUR 368.5 million - Multi-brand strategy as a competitive edge Net revenue - Knaus #1 – 9.6 % market share for motorhomes in Germa
Slide 3: Order backlog remains at a high level
Order backlog remains at a high level High availability of chassis leads to recovery of delivery backlogs The decline in terms of units ordered is related to a strategic Order backlog as of March, 2023 decision to accept only limited orders for vehicles in January (in EUR mill.) and February. Th
Slide 4: Chassis strategy as competitive edge
Chassis strategy as competitive edge High availability of chassis and model diversity as a competitive edge Strong increase in sales of mobile homes and camper vans since September 2022 Significant market share gains in many European key markets #1 #3 Change in product mix toward higher-priced
Slide 5: ESG - Efficiency from a different perspective
ESG - Efficiency from a different perspective New facility for superstructures in Jandelsbrunn 750 KWP PV SYSTEM - one of the largest roof systems in the East Bavarian region Covers around 5% of the Group's annual electric power demand Target 10 % own electric power generation until 2030 Produ
Slide 6: Financials
= 7 =e Knaus Tabbert FINANCIALS
Slide 7: Key Figures – First Quarter 2023
KEY FIGURES – FIRST QUARTER 2023 EUR 863 million EUR 368.5 million EUR 32.7 million 8.9 % Net revenue Net revenue Adj. EBITDA Adj. EBITDA margin +8.6 % compared to FY 2020 EUR 1.2 billion Order book EUR 1.50 Dividend proposal
Slide 8: Key Figures
KEY FIGURES in EUR mill. FISCAL YEAR Q1 2021 Q1 2022 Q1 2023 Change Net revenue 238.9 222.3 368.5 65.8% Premium 203.8 190.1 323.1 70.0% Luxury 35.1 32.3 45.4 41.0% Gross output 250.3 212.1 380.7 79.5% Adj. EBITDA 28.1 16.2 32.7 102.5% Adj. EBITDA margin 11.8 7.3 8.9 1,6 pp EBITDA 27.6 16.2 32.7 102.
Slide 9: Revenue Breakdown
REVENUE BREAKDOWN REVENUE PER BUSINESS SEGMENT REVENUE PER PRODUCT CATEGORY UNITS PER PRODUCT CATEGORY (in EUR mill.) (in EUR mill.) (in units) 400 350 4,3 45,4 1.481 72,7 300 863 1.735 28% 53% 250 1.197 2,4 50% 2.909 35,1 7,3 200 32,2 68,6 38,6 1.779 210,8 323,1 150 82,6 108,2 5.187 100 203,8 190,1
Slide 10: Development of Operating Cash Flow and Financial Covenants
Development of Operating Cash Flow and Financial Covenants OPERATING CASH FLOW TOTAL BALANCE SHEET & EQUITY RATIO (in EUR mill.) (in EUR mill.) 38,8% 26.4% 26.8% 615,0 557,4 344,6 Dec 31, 2021 Dec 31, 2022 March 31, 2023 NET DEBT & NET DEBT RATIO (in EUR mill.) 1,6x 2,8x 2,3x 192,8 194,5 93,9 Dec 31
Slide 11: Outlook 2023
= 7 =e Knaus Tabbert OUTLOOK 2023
Slide 12: Outlook 2023
Outlook 2023 Based on the order backlog of EUR 1.3 billion as of the end of December 2022, as well as the expected positive product mix effects and the changed purchasing strategy for chassis (see section "Supplier management"), the Management Board expects strong revenue growth, before price increa