Washtec Ag · XETR:WSU
Washtec — Q1 2023 Earnings Presentation
19 slides from Washtec's earnings presentation, May 4, 2023
Slide 1: Q1 2023 Financial Statement Webcast
Dr. Ralf Koeppe | CEO, CTO Andreas Pabst | CFO Board of Management WashTec AG May 4, 2023
Slide 2: Update on WashTec
11Update Updateon on WashTec WashTec 2 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 3: Our Mission: Sustainable Car Wash
Our Mission: Sustainable Car Wash Smart Machines Clean Cars Green Water Chemicals Recycling Digital Platform 3 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 4: WashTec - economic sustainability
WashTec - economic sustainability Transparent water treatment by digitalization Aqua Pur Modular for Europe and North America Data: ▪ Fresh water ▪ Process water ▪ Sensor data about the state of process water ▪ Functions driven by this sensor data ▪ … Water usage Sensor data about the state of proce
Slide 5: WashTec's second extensive Sustainability Report 2022
Sustainability Report 2022 We at WashTec are committed to integrate sustainability in the business model of our customers by providing sustainable car wash solutions. WashTec‘s second extensive sustainability report to be published in Q2, 2023. 5 | Financial Statement Q1 2023 | May 4, 2023 | WashTec
Slide 6: On the road again – WashTec at upcoming fairs
On the road again – WashTec will be at these upcoming fairs The Car Wash ShowTM Tankstelle & Mittelstand May 8-10, 2023 Die Tankstellenmesse Las Vegas Nevada June 14-15,2023 | Essen Come and visit us there! 6 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 7: Update on Q1 2023 results
12Update Q1 2023 on results WashTec 7 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 8: Q1 2023 at a glance – positive revenue and EBIT development
Q1 2023 at a glance – positive revenue and EBIT development ▪ Group revenue increased in all product segments Q1 WashTec generated revenue of €109.2m in Q1 2023 Q1 2022 Change the first three months of the year, a new record for a first quarter and a significant absolute in % 8.1% increase on the pr
Slide 9: Revenue Q1 and EBIT Q1 in multi-year comparison
Revenue Q1 and EBIT Q1 in multi-year comparison in €m +145% +18% In general, first quarter is the weakest for 109.2 WashTec. 101.0 Q1/23 best first quarter for WashTec. 92.3 87.3 84.8 Revenue: 2.8% 1.9% 4.1% 4.6% 5.0% ▪ +18% compared to pre-covid ▪ CAGR of 4.3% since 2019 5.5 EBIT: 4.6 ▪ EBIT more t
Slide 10: Revenue Q1 by region
Revenue Q1 by region ▪ Europe stands for 79.5% (Q1/22 80.8%) of groups revenue; revenue increased by 6.4% in Q1/23 after 12.4% in Q1/22. Key account business clearly predominated here. Chemicals revenue also performed positively. ▪ Revenue in North America was significantly higher than in the prior
Slide 11: EBIT Q1 by region
EBIT Q1 by region ▪ EBIT in the Europe region increased by a significant 34.1% to €5.9m in the first quarter (prior year: €4.4m). EBIT-Margin is at 6.8% (Q1/22: 5.4%) ▪ EBIT in the North America region was at the same level as the prior year at €−0.3m (prior year: €−0.3m). In order to sustainably in
Slide 12: Revenue Q1 by product
Revenue Q1 by product Revenue by product, Q1 Revenue increased compared to the prior- year quarter in all product segments due to: in €m Q1 2023 Q1 2022 Change absolute in % ▪ price increases implemented over the course of the last year and at the Equipment and service 91.1 83.9 7.2 8.6 beginning of
Slide 13: EBIT-Bridge Q1
EBIT-Bridge Q1 in €m +0.9 ▪ Gross profit margin fell (+20%) form 26.8% o 25.5% mainly 1.5 due to higher material and 2.2 5.5 energy costs compared first quarter 2022 0.6 0.7 4.6 0.1 ▪ Functional costs ratio (sum of selling costs, R&D and administrative expenses as percentage of revenue) decreased du
Slide 14: High cash outflow from investing activities in Q1
High cash outflow from investing activities of 11.1m€ in Q1 is mainly impacted by purchase of the site occupied by the US Subsidiary (USD 10.3m) Location: Financing: 5981 Tennyson Street and 4750 West 60th Avenue The purchase price of USD 10.3m was financed by a US dollar bank facility in the same a
Slide 15: Guidance 2023
Guidance 2023 2022 Guidance 2023 Revenue 482.2m€ at prior-year level +/-3% EBIT 38.0m€ significant increase >= 10% Free Cashflow 16.2m€ significant increase >= 10% ROCE 20.2% >= 1 percentage point 15 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 16: 16 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
16 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 17: Financial Calendar 2023
Financial Calendar 2023 Date Event May 15, 2023 Annual General Meeting June 21, 2023 Sustainability report | Press conference August 3, 2023 Half-yearly financial statement November 2, 2023 Q3 Statement 17 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 18: Event Calendar 2023
Event Calendar 2023 Date Event May 16, 2023 Spring Conference, Equity Forum, Frankfurt June 15, 2023 Warburg Highlights Conference, Hamburg November 27.-29., 2023 Equity Forum, Frankfurt 18 | Financial Statement Q1 2023 | May 4, 2023 | WashTec AG
Slide 19: Disclaimer
Disclaimer Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future events. Such statements are subject to known and unknown risks