Francotyp-Postalia Holding AG · LSX:FPH100
Francotyp-Postalia — HY 2023 Earnings Presentation
22 slides from Francotyp-Postalia's earnings presentation, Aug 31, 2023
Slide 1: Financial Results HY 2023
Financial Results HY 2023 CONFERENCE CALL August 31st, 2023
Slide 2: HY 2023 financial performance
HY 2023 financial performance Revenue and EBITDA in line with expectations – H1 2022 influenced by positive one-offs Revenue growth in key business areas: Digital Business Solutions: -2.3% -6.3% 0.11 + 9.6% growth from € m 14.3 to 15.7 Revenue EBITDA EPS + growth in all areas and full integration
Slide 3: Normalised EBITDA HY 2023
Normalised EBITDA HY 2023 Normalised EBITDA HY 2023 better than prior year period €m HY 2022 HY 2023 EBITDA (as reported) 16.3 15.3 +27.7% Rate Change (Germany) -2.6 0.0 Currency effects -2.1 0.5 One ERP 2.2 2.5 18.8 Cost of material (microchips) 0.5 0.1 14.8 6.6 M&A expenses 0.5 0.4 Normalised EBIT
Slide 4: Free Cash Flow and Net Debt
Free Cash Flow and Net Debt FCF decreasing – Net Debt decreasing FCF -25.4% Decreased Cash flow from operating activities due to Free Cash Flow € m HY 2022 HY 2023 decreased consolidated profit and trade accounts receivables, provisions and liabilities from tax Cash flow from operating activitie
Slide 5: FP Digital Business Solutions
FP Digital Business Solutions Continuous investment and releases of SaaS-based solutions +13.2% +9.6% Document Workflow Management Continue implementing new Hardware and Software for Input and Output Management to increase efficiency and offer more data-driven services Business Process Management
Slide 6: FP Mailing, Shipping & Office Solutions
FP Mailing, Shipping & Office Solutions Revenue growth against overall market trend +2.4% Revenue increase of 2.4% in spite of a negative currency impact of € m 1 H1 2022 influenced by positive one-off effects from 75.0 rate change in Germany of €m 2.9 and positive FX- effects of €m 2.8 73.3 H
Slide 7: FP Mail Services
FP Mail Services Revenue in line with expectations – H1 2022 influenced by positive one-off effects + 13.3% -15.0% Mail Services revenue in line with expectations Berlin H1 2022 was impacted by pandemic-related one- 40.0 off effects (higher volumes and higher share of franked mail) One offs 10.0
Slide 8: FUTURE@FP – next level 2023 onwards
FUTURE@FP – next level 2023 onwards 5 key programs to continue on the profitable growth path 1. 2. 3. 4. 5. Right Sizing – Digital Business Increase Value for Operating Model ERP/CRM Right Shoring Foundation Customers* DBS Document Implement Group Services First go-lives DBS and Add all SaaS solutio
Slide 9: Summary HY 2023
Summary HY 2023 Continued growth in key business areas DBS – continuous growth and build up of digital business shows sustainable transformation path for FP MSO – growth against market trend shows FP’s resilient business model EBITDA Margin 12.3 % despite tailwinds from one-offs and FX in 2022
Slide 10: Guidance for 2023
Guidance for 2023 Improving revenue and EBITDA 2022 as reported 2022 normalised Guidance 2023 REVENUE € m 251 € m 229 € m 245 - 255 Addressable market EBITDA € m 27.6 € m 26.2 € m 28 – 31 € m 12 – 16 EBITDA-MARGIN 11.0 % 11.4 % 11.4 – 12.2 % 6–8% Disclaimer Statements in this release relating to fut
Slide 11: Financial Results HY 2023 Q&A Session
Financial Results HY 2023 Q&A Session
Slide 12: Appendix
Appendix
Slide 13: Revenue by Product and Service HY 2023
Revenue by Product and Service HY 2023 Recurring revenue ~67% versus 68% in prior year €m HY 2022 HY 2023 Equipment sales & others 17.9 17.7 Consumables 12.8 14.1 Service 16.5 15.7 Teleporto 4.7 4.7 Mail Services 40.0 34.0 Software / Digital 14.3 15.7 Revenue acc. to IFRS 15 106.1 101.9 Operate Leas
Slide 14: Consolidated Statement of profit and loss HY 2023
Consolidated Statement of profit and loss HY 2023 €m HY 2022 HY 2023 Revenue 127.6 124.6 Change in inventories 0.5 -0.1 Other own work capitalised 3.2 3.9 Total output 131.3 128.5 Other operating income 0.9 1.0 Cost of materials -64.6 -58,5 Personnel expenses -31.0 -33.8 Impairment losses and gains
Slide 15: Financial Situation – Balance Sheet Assets
Financial Situation Balance Sheet - Assets (30.06.2023) ASSETS 172.7 185.4 in € m Non-Current Assets Intangible assets decreased mainly due to amortization Decrease of right of use assets is mainly due to depreciation 75.3 75.0 Current Assets 75.9 NON-CURRENT 85.1 Increase in trade receivables
Slide 16: Financial Situation – Balance Sheet Equity & Liabilities
Financial Situation Balance Sheet - Equity & Liabilities (30.06.2023) Equity ratio of 13.6 % EQUITY & 185.4 LIABILITIES 172.7 (31.12.2022: 13.1%) in € m Non-current liabilities Decrease by € m 1.1 mainly coming from liabilities EQUITY 25.1 from finance lease 22.6 Current liabilities 50.6 49.5 In
Slide 17: General Information
General Information
Slide 18: FP Management Board
FP Management Board Carsten Lind Ralf Spielberger CEO CFO since November 2020 since October 2022 Degree in M.Sc, Ba and EMBA Degree in Business Administration Long-standing experience in technology companies: Proven financial expert with extensive experience in Regional CEO for 13 years in inter
Slide 19: The FP share
The FP share Strong & international shareholder base (in %) Olive Tree Investment GmbH Active Ownership Fund (LUX) # shares 16,301,456 SALTARAX GmbH (GER) 25,34% Market cap approx. Ludic GmbH (GER) 44,59% € m 52* Own Shares 9,51% Universal-Investment GmbH (GER) Prime Standard Magallanes Value Invest
Slide 20: Financial Calendar
Financial Calendar 2023 German Spring Deutsches Results for the First Results for the First Conference Eigenkapitalforum Quarter 2023 Half Year 2023 Frankfurt Frankfurt 15/16th 25th 31st 27th May May August November < 2023 27th 14th 23th April June November Results for the Annual General Results for
Slide 21: Contact
Contact Francotyp-Postalia Holding AG Prenzlauer Promenade 28 13089 Berlin Phone + 49 30 220 660 410 Fax + 49 30 220 660 425 [email protected] www.fp-francotyp.com FP | 20
Slide 22: Disclaimer
Disclaimer This report contains forward-looking statements on the business development of the Francotyp-Postalia Group. These statements are based on assumptions relating to the development of the economic and legal environment in individual countries and economic regions, which we have made on the
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