Nemetschek Se · XETR:NEM
Nemetschek — FY2015 Earnings Presentation
18 slides from Nemetschek's earnings presentation, Mar 31, 2016
Slide 1: Financial Results Q4 / FY 2015 Outlook 2016
University Minnesota, Minneapolis, USA Architect: Antoine Predock Architect | image: Tim Hursley | realized with VECTORWORKS Financial Results Q4 / FY 2015 Outlook 2016 March 31st, 2016
Slide 2: Nemetschek Group Highlights for FY 2015 (1)
Nemetschek Group Highlights for FY 2015 (1) Guidance 2015 exceeded Revenues with 285.3 mEUR and EBITDA with 69.5 mEUR outperformed guidance with a revenue target of 278-282 mEUR and an EBITDA range of 65-67 mEUR Strong year-end business with new record high in revenues Record numbers in Q4 Q4 20
Slide 3: Nemetschek Group Highlights for FY 2015 (2)
Nemetschek Group Highlights for FY 2015 (2) Q4 EBITDA increased to 20.1 mEUR, EBITDA margin at 25.3% FY EBITDA up by +22.3% to 69.5 mEUR; EBITDA margin at 24.4% Profitability inline No activation of development costs no effects on expenses and earnings with expectations Strategic investments to se
Slide 4: Record revenue level in Q4 2015 and FY 2015
Record revenue level in Q4 2015 and FY 2015 285,3 218,5 Revenues in mEUR 79,3 68,6 70,7 66,6 65,0 51,0 51,3 51,2 Q1 2014 Q1 2015 Q2 2014 Q2 2015 Q3 2014 Q3 2015 Q4 2014 Q4 2015 FY 2014 FY 2015 Change +30.5% +33.8% +38.2% +22.1% +30.6% Bluebeam has been integrated since 11/2014 Q4 2015 FY 2015 Reve
Slide 5: Focus on international markets - Strong growth in the U.S
Focus on international markets - Strong growth in the U.S Revenues 2009: 135.6 mEUR Revenues 2015: 285.3 mEUR Asia/Pacific RoW RoW 1% Asia/Pacific 1% 5% 9% Americas 6% Germany Americas Germany 44% 25% 33% CAGR 13.2% 6 years Europe w/o Germany 44% Europe w/o Germany 32% USA is becoming an important
Slide 6: Strong software license growth (+43.2%)
Strong software license growth (+43.2%) Revenue split FY 2015 in % Consulting & Hardware 4,6% Software license revenues Software Up by 43.2% to new record level of license 150.4 mEUR revenues 52,7% New customers wins Increasing customer base Consequently recurring revenues will follow Recurring reve
Slide 7: EBITDA margin increased in Q4 significantly
EBITDA margin increased in Q4 significantly 69,5 56,8 EBITDA 20,1 in mEUR 17,4 18,0 16,8 15,2 13,2 12,4 13,2 Q1 2014 Q1 2015 Q2 2014 Q2 2015 Q3 2014 Q3 2015 Q4 2014 Q4 2015 FY 2014 FY 2015 Change +31.9% +22.6% +27.0% +11.8% +22.3% Margin 25.8% 26.1% 24.2% 22.2% 25.9% 23.8% 27.6% 25.3% 26.0% 24.4% Bl
Slide 8: Net income and EPS (with and w/o PPA)
Net income and EPS (with and w/o PPA) Net income Net income w/o PPA EPS EPS w/o PPA in mEUR in mEUR in EUR in EUR 42,8 35,9 35,3 31,5 1,11 0,93 0,92 0,82 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 Change +14.0% +21.3% +14.0% +21.3% Higher depreciation and amortization from pur
Slide 9: Segment overview
Segment overview Design Build Manage Media & Entertainment Design segment showed double-digit Strong growth because of Accelerated growth in Q4 Solid revenue development growth rates over the year Bluebeam acquisition (+38%) Investments in new customer (10 months inorganic) Stable margins with strat
Slide 10: Cash flow situation
Cash flow situation in mEUR EBITDA 69,5 EBITDA +22.2% yoy 56,8 Operating cash flow +47.4% yoy 65,1 Operating cash flow Investing cash flow 44,2 Higher Capex (-7.6 mEUR) -41,4 Investment in Solibri (-32.0 mEUR) Investing cash flow -79,3 Cash flow from financing activities Repayment of bank loan (-12.
Slide 11: Solid balance sheet
Solid balance sheet in mEUR Assets Σ 291,7 Σ 379,5 Σ 291,7 Σ 379,5 Cash increased by 27.0 mEUR Intangible assets increased by 32.0 mEUR mainly due to the PPA of Solibri 84,0 104,1 Goodwill up by 23.7 mEUR mainly due to Solibri acquisition (+15.7 mEUR) and f/x effects 41,9 57,0 84,3 Liabilities 41,4
Slide 12: Optimistic outlook 2016
Optimistic outlook 2016 Market conditions Robust development of construction markets Additional growth coming from trends such as Open BIM, 5D, collaboration, platform technologies, mobile solutions etc. Regulations regarding BIM standards Strategic market Clear focus on AEC market positioning Leadi
Slide 13: Appendix
MARCH 2016 Appendix FINANCIAL RESULTS Q4 / FY 2015 - OUTLOOK 2016 13 Barco‘s „One Campus“, Kortrijk, Belgium Engineering office:Establis | realized with SCIA
Slide 14: P+L statement Q4 / FY comparison
P+L statement Q4 / FY comparison mEUR Q4 2015 Q4 2014 % YoY 12M 2015 12M 2014 % YoY Revenues 79.3 65.0 +22.1% 285.3 218.5 +30.6% Own work capitalized/ other operating income 2.3 2.3 -0.2% 5.9 5.0 +18.4% Operating income 81.7 67.3 +21.3% 291.2 223.5 +30.3% Cost of materials/ purchased services -2.8 -
Slide 15: Balance sheet - Assets
Balance sheet - Assets mEUR December 31, 2015 December 31, 2014 Assets Cash and cash equivalents 84.0 57.0 Trade receivables, net 29.6 28.9 Inventories 0.5 0.7 Other current assets 11.8 11.8 Current assets, total 125.9 98.4 Property, plant and equipment 13.8 10.8 Intangible assets 100.8 68.8 Goodwil
Slide 16: Balance sheet – Equity and liabilities
Balance sheet – Equity and liabilities mEUR December 31, 2015 December 31, 2014 Equity and liabilities Short-term borrowings and current portion of long-term loans 18.6 12.0 Trade payables & accrued liabilities 32.2 26.9 Deferred revenue 42.0 32.4 Other current assets 11.4 13.0 Current liabilities,
Slide 17: Cash flow statement
Cash flow statement mEUR December 31, 2015 December 31, 2014 % YoY Cash and cash equivalents at the beginning of the 57.0 48.6 +17.3% period Cash flow from operating activities 65.1 44.2 +47.4% Cash flow from investing activities -41.4 -79.3 -47.8% t/o CapEX -7.6 -3.5 +115.0% t/o Cash paid for busin
Slide 18: Contact
Architects: HASCHER JEHLE Architektur, Berlin, Germany | image: David Matthiessen | realized with NEVARIS Contact Montforthaus, Feldkirch, Austria NEMETSCHEK SE Disclaimer Investor Relations Konrad-Zuse-Platz 1 This presentation contains forward-looking statements based on the beliefs of Nemetschek