Nemetschek Se · XETR:NEM
Nemetschek — FY2017 Earnings Presentation
20 slides from Nemetschek's earnings presentation, March 2018
Slide 1: Financial Results 2017, Outlook 2018 and Mid-Term Goal 2020
Nemetschek Group Financial Results 2017 Outlook 2018 and Mid-Term Goal 2020
Slide 2: Nemetschek's key achievements: #2 biggest listed software company in Germany
Nemetschek’s key achievements: #2 biggest listed software company in Germany $ ▌ We generate high ▌ We outperform ▌ We keep our ▌ We have become ▌ We deliver high profitability shareholder returns1 our peers2 promises a global player despite significant growth investments 4-year TSR*: 4-year revenue
Slide 3: Nemetschek's industry achievements: #2 biggest global player in AEC
Nemetschek’s industry achievements: #2 biggest global player in AEC ▌ We deliver revolutionary ▌ We are the most ▌ We respect the and best-in-class solutions customer-oriented customer’s needs in AEC covering the AEC company complete value chain ▌ We set industry standards ▌ We gained >300,000 new ▌
Slide 4: Financial Results FY 2017
Financial Results FY 2017 01 MARCH 2018 CAPITAL MARKET PRESENTATION 4
Slide 5: Top key figures: Excellent performance 2017
Top key figures: Excellent performance 2017 Revenues Recurring revenues EBITDA EPS €m €m €m €m 395,6 337,3 +17.3% 183,9 146,5 +25.5% 1,94 108,0 +59.1% 88,0 +22.7% 1,22 2016 2017 2016 2017 2016 2017 2016 2017 ▌ Total Δ: +17.3% ▌ Strong recurring revenue Δ: +25.5% ▌ Above average Δ: +22.7% ▌ Adjusted
Slide 6: Outstanding success in the US: Worldwide largest single AEC market
Outstanding success in the US: Worldwide largest single AEC market US market (m€) Revenue: €395.6 m 121,6 Revenue: €175.1 m 9% 8% Germany 10% 30% 40% CAGR Europe (w/o Germany) America 2012 +17.7% 5 years 30% 2017 CAGR +44.8% Asia/Pacific 42% 31% 19,1 2012 2017 Key achievement: Exemplary growth story
Slide 7: Segment overview: Build segment is key growth driver
Segment overview: Build segment is key growth driver Revenues in €m Media & Design Build Manage Entertainment 249,2 220,9 +12.8% 114,6 +31.0% 87,5 21,8 23,8 +8.9% 7,1 8,1 +13.8% FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 Currency-adjusted Δ: Currency-adjusted Δ: Currency-adjuste
Slide 8: High cash generation: Cash conversion of more than 90% allows for strategic M&A
High cash generation: Cash conversion of more than 90% allows for strategic M&A High cash conversion rate1 previous year: 90.2% 90.6% M&A focus areas in €m Change 108,0 EBITDA 88,0 +22.7% Structural Operating 97,4 Engineering cash flow 79,7 +22.3% Cash flow from -54,6 investing activities -47,5 +14.
Slide 9: Outlook 2018 / Mid-Term Goal 2020
Outlook 2018/ Mid-Term Goal 2020 02 MARCH 2018 CAPITAL MARKET PRESENTATION 9
Slide 10: Mid-term goal 2020: Secure future double-digit growth while maintaining high EBITDA margin
Mid-term goal 2020: Secure future double-digit growth while maintaining a high EBITDA margin Goal Outlook 2020 Result 2018 > 600m€ 2017 Revenues 447 – 457 m€ 1 1 396m€ EBITDA margin 25%–27% ▌ Revenues: double-digit growth rate ▌ EBITDA margin: on sustainable level of 25%-27% ▌ Investments 2018: addi
Slide 11: Strong operating profit and additional extraordinary investments of €10 million in 2018
Strong operating profit and additional extraordinary investments of €10 million in 2018 Key drivers & fields of investments Internationalization Next-generation products & Operational 1 Internationalization solutions excellence Next generation products & 2 solutions 3 Operational excellence Taking a
Slide 12: Excellent positioning in dynamically growing market
Excellent positioning in dynamically growing market Huge AEC Large and underpenetrated Growth Goal 2020: market of market in terms of digitalization investments >€600 m revenues >€4 billion1 with growing adoption ▌ Strongly growing AEC ▌ Switch from 2D to 3D ▌ 15 years behind ▌ BIM regulations ▌ Foc
Slide 13: Now it's your turn. Q&A
Now it’s your turn. Q&A MARCH 2018 CAPITAL MARKET PRESENTATION 13
Slide 14: Financial Calendar
Financial Calendar April 27, 2018 Publication of 3-month report May 30, 2018 AGM in Munich July 27, 2018 Publication of 6-month report 2nd half of 2018 Capital market day October 30, 2018 Publication of 9-month report 03 MARCH 2018 CAPITAL MARKET PRESENTATION 14
Slide 15: Appendix
Appendix 04 MARCH 2018 CAPITAL MARKET PRESENTATION 15
Slide 16: P+L statement Q4 / FY comparison
P+L statement Q4 / FY comparison €m Q4 2017 Q4 2016 % YoY 12M 2017 12M 2016 % YoY Revenues 105.7 91.9 +15.1% 395.6 337.3 +17.3% Own work capitalized/other operating income 1.4 1.4 +0.8% 4.8 7.0 -30.4% Operating income 107.1 93.3 +14.8% 400.4 344.3 +16.3% Cost of materials/purchased services -3.3 -3.
Slide 17: Balance sheet – Assets
Balance sheet – Assets €m December 31, 2017 December 31, 2016 Assets Cash and cash equivalents 104.0 112.5 Trade receivables, net 41.0 38.8 Inventories 0.6 0.6 Other current assets 13.5 16.0 Current assets, total 159.1 167.9 Property, plant and equipment 14.9 14.3 Intangible assets 86.9 89.7 Goodwil
Slide 18: Balance sheet – Equity and liabilities
Balance sheet – Equity and liabilities €m December 31, 2017 December 31, 2016 Equity and liabilities Short-term borrowings and current portion of long-term loans 36.0 26.0 Trade payables & accrued liabilities 43.7 40.7 Deferred revenue 68.1 55.3 Other current assets 18.0 24.1 Current liabilities, to
Slide 19: Cash flow statement
Cash flow statement €m December 31, 2017 December 31, 2016 % YoY Cash and cash equivalents at the beginning of the period 112.5 84.0 +34.0% Cash flow from operating activities 97.4 79.7 +22.3% Cash flow from investing activities -54.6 -47.5 +14.8% t/o CapEX -8.8 -7.4 +19.2% t/o Cash paid for busines
Slide 20: Contact
Contact NEMETSCHEK SE Disclaimer Investor Relations Konrad-Zuse-Platz 1 This presentation contains forward-looking statements based on the beliefs of Nemetschek SE management. Such statements reflects current views of Nemetschek SE with respect to future events and results and are subject to risks a