Nemetschek Se · XETR:NEM
Nemetschek — Q1 2013 Earnings Presentation
17 slides from Nemetschek's earnings presentation, Apr 30, 2013
Slide 1: Q1 2013 Conference Call
Q1 2013 Conference Call Tanja Tamara Dreilich 30 April 2013
Slide 2: Content
Content Executive Summary Financials Outlook Appendix 1
Slide 3: Q1 Headlines
Q1 Headlines Solid Q1 performance Revenues increased by 5% to 43.7 mEUR EBITDA raised by 15% to 10.8 mEUR EBITDA margin reached high level of 24.6% EPS € 0.55, up 22% EPS (without PPA) € 0.71 Net cash position increased to 56.0 mEUR (YTD) Revenue Structure Q1 Revenues from Software +2% Q1 Revenues f
Slide 4: Q1 Headlines
Q1 Headlines New software Nevaris Launched end 2012 Q1 2013 product sales has just started Promising feedback from customer base bim+ platform 11th Nemetschek Brand presented at BAU tradeshow in January Market entry is planned for mid 2013 Cooperation between Adobe and Maxon announced Long-term stra
Slide 5: Content
Content Executive Summary Financials Outlook Appendix 4
Slide 6: Group P+L: Q1 results in line with expectations
Group P+L: Q1 results in line with expectations Q1 Revenues increased by 5% Revenues from Maintenance growing over-proportional in Q1 by 9% EBITDA showed strong growth with 15% due to high cost awareness Net income well above previous year with 5.3 mEUR (+22%) EPS increased to €0.55 EPS (without PPA
Slide 7: Steady rising Net Cash
Steady rising Net Cash Operating cash flow rising by 41% to 13.7 mEUR CapEx at 1.4 mEUR in line with forecast (~6 mEUR in FY 2013) Further growing cash position (56 mEUR) No financial debt Net cash development in EUR millions 70,0 €m Q1 Q1 % -0.7 60,0 2012 2013 YoY 50,0 12.4 56.0 EBITDA 9.4 10.8 15%
Slide 8: Divisional performance
Divisional performance €m Q1 2012 Q1 2013 % YoY Revenues Revenues Design: moderate growth in Q1 Design 33.6 34.7 +3% Build: customer spending still on high level in Q1 Build 3.4 3.8 +14% Multimedia: continued its successful Manage 1.0 1.0 +1% development – inspired by the new Multimedia 3.6 4.1 +16%
Slide 9: Content
Content Executive Summary Financials Outlook Appendix 8
Slide 10: Outlook 2013
Outlook 2013 Cambashi Research: 2013 around 8% growth in technical applications (includes AEC, geospatial and manufacturing) in APAC and Americas and almost 5% for EMEA Pike Research: BIM products & services solutions will grow from $1.8 billion in 2012 to almost $6.5 billion in 2020 Expected growth
Slide 11: IR-calendar 2013 and contacts
IR-calendar 2013 and contacts May 7: Goldman Sachs European Small and Mid-Cap Symposium in London May 16: Annual General Meeting in Munich June 20: Berenberg Technology Sector Conference in Paris June 21-24: Berenberg Roadshow in USA Sept. 24: Baader Investment Conference in Munich Sept. 23-25: Germ
Slide 12: Content
Content Executive Summary Financials Outlook Appendix 11
Slide 13: P+L statement
P+L statement €m Q1 2013 Q1 2012 % YoY Revenues 43.7 41.6 +5% Own work capitalized/ Other operating income 1.3 1.1 +15% Operating income 45.0 42.7 +5% Cost of materials/ purchased services -2.1 -1.7 +23% Personnel expenses -19.2 -18.5 +4% Other operating expenses -13.0 -13.2 -2% Operating costs -34.
Slide 14: Balance sheet - Assets
Balance sheet - Assets €m March 31, 2013 Dec 31, 2012 ASSETS Cash and cash equivalents 56.0 44.3 Trade receivables, net 23.5 21.4 Other current assets 9.4 8.7 Total current assets 88.9 74.4 Tangible assets 5.1 5.0 Intangible assets 29.6 31.4 Goodwill 52.9 52.6 Other non-current assets 1.6 1.6 Total
Slide 15: Balance sheet – Equity and liabilities
Balance sheet – Equity and liabilities €m March 31, 2013 Dec 31, 2012 EQUITY AND LIABILITIES Short-term loans 0.0 0.0 Trade payables & accrued liabilities 16.0 19.0 Deferred revenue 32.8 21.6 Other current liabilities 5.9 6.3 Total current liabilities 54.7 46.9 Deferred tax liabilities 1.7 1.7 Other
Slide 16: Cash flow statement
Cash flow statement €m Q1 2013 Q1 2012 % YoY Cash at beginning of period 44.3 33.5 +32% Operating cash flow 13.7 9.7 +41% Investing cash flow -1.3 -1.1 +15% t/o CapEx -1.4 -1.1 Financing cash flow -0.4 -0.6 -34% FX-effects -0.3 0.5 Cash at end of period 56.0 42.0 +34% Free cash flow(1) 12.4 8.6 +45%
Slide 17: Disclaimer
Disclaimer This presentation contains forward-looking statements based on beliefs of Nemetschek AG management. Such statements reflect current views of Nemetschek AG with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from those pr