Nemetschek Se · XETR:NEM
Nemetschek — FY2019 Earnings Presentation
23 slides from Nemetschek's earnings presentation, Mar 31, 2020
Slide 1: Nemetschek Group Earnings Call FY-19
Nemetschek Group Earnings Call FY-19 31 March 2020 | Dr. Axel Kaufmann, Spokesman & CFOO Irina Viner-Usmanova Rhythmic Gymnastics Center, Moscow, Russia Architects: Creative Production Union PRIDE | Realized with Graphisoft
Slide 2: Financial Results Q4 & FY-19
01 Financial Results Q4 & FY-19 Bunjil Place, Narre Warren, Australia Architects: fjmt; Image: Trevor Mein | Realized with Graphisoft
Slide 3: Top Key Figures Q4-19: Expected Year-End Finish Confirms Preliminary Numbers
Top Key Figures Q4-19: Expected Year-End Finish Confirms Preliminary Numbers Revenues Recurring revenues EBITDA EPS m€ m€ m€ € 82,0 150,8 +15.7% +29.4% 130,4 +14.0% cc1 63,4 +27.5% cc1 46,2 +39.9% 0,27 33,0 +38.5% cc1 2 +33.1% 0,21 Q4-18 Q4-19 Q4-18 Q4-19 Q4-18 Q4-19 Q4-18 Q4-19 | Organic growth: +1
Slide 4: Key Business Highlights 2019: Another Successful Year
Key Business Highlights 2019: Another Successful Year Strong Financial Performance M&A Transactions, Divestitures Revenues: EBITDA margin: Manage & Operate Division: +20.7% to € 557m $ 29.7% IFRS 16 adjusted: 01/2019: Axxerion acquired by MCS, renamed afterwards in “Spacewell” 27.0% Recurring revenu
Slide 5: Top Key Figures FY-19: Another Record Year
Top Key Figures FY-19: Another Record Year Revenues Recurring revenues EBITDA EPS m€ m€ m€ € 556,9 +20.7% 299,5 461,3 +18.0% cc1 165,7 +32.6% 225,8 +29.9% cc1 +36.6% 121,3 +32.8% cc1 0,85 0,66 +27.7%2 2018 2019 2018 2019 2018 2019 2018 2019 | Organic growth: +13.1% cc1 | Strong organic growth: +23.9
Slide 6: Globally Positioned: Strong Growth in all Regions
Globally Positioned: Strong Growth in all Regions 2019: Over-proportional growth in the United States Growth y/y Growth y/y Growth y/y 25,0% 17,0% 16,9% 16,3% 13,0% 8,7% Q4-19 FY-19 Americas Europe APAC Share of Revenue FY-19 34% 57% 9% (Share of (29%) (65%) (6%) Employees FY-19) Earnings Call FY-20
Slide 7: Strong Growth in Recurring Revenues: Subscription Is Key Driver
Strong Growth in Recurring Revenues: Subscription Is Key Driver Revenue distribution 2019 Q4 2019 FY-2019 5% Recurring revenues yoy Recurring revenues yoy (4%)2 +29.4% +32.6% +27.5% cc1 +29.9% cc1 Subscription yoy Subscription yoy 41% 54% (47%)2 (49%)2 +88.4% +114.8% +85.8% cc1 +110.6% cc1 Software
Slide 8: At a Glance: Income Statement and Important KPIs
At a Glance: Income Statement and Important KPIs in % of Key Figures mEUR Q4 2019 FY 2019 FY YoY revenue Revenues 150.8 556.9 +20.7% 100.0% Cost of materials/cost of purchased services -6.2 -20.2 +41.8% 3.6% Personnel expenses -61.4 -239.4 +19.4% 43.0% Other operating expenses -38.1 -137.8 +5.4% 24.
Slide 9: Segment Overview: Build Segment Remains in Strong Growth Mode
Segment Overview: Build Segment Remains in Strong Growth Mode Design Build Manage Media Revenue in €m +10.2% 314,6 285,4 + 8.6% cc1 177,7 +25.6% +20.7% cc1 38,5 141,5 +23.2% 33,9 +20.1% cc1 +178.8% 27,5 +178.5% cc1 13,8 2018 2019 2018 2019 2018 2019 2018 2019 Margin 29.0% 32.4% 29.6% 34.7% 21.1% 20.
Slide 10: Financial Outlook
02 Financial Outlook Wardian London, London, Great Britain Contractor: Ballymore; Image: Jason Hakwes | Realized with Bluebeam
Slide 11: Long-term Trend remains intact: AEC BIM Software Market offers huge potential
Long-term Trend remains intact: AEC BIM Software Market offers huge potential AEC Software Market BIM Maturity Map End-user expenditure in bn € CAGR > 10% ~8bn€ ~10bn€ 2020 2022 EMEA Americas APAC Source: Cambashi BIM Design Observatory 2020, internal research Earnings Call FY-2019 11 MARCH 2020
Slide 12: The Footprint of the Building Industry, The Handprint of our Customers
Sustainability: Gaining a Greater Importance for Our Customers The FOOTPRINT of The HANDPRINT of the Building Industry our Customers Buildings and construction account for Sustainable Building | 36% of global final energy use and | 39% of energy-related CO2 emissions Working with solutions from the
Slide 13: Nemetschek Is Well Positioned!
Nemetschek Is Well Positioned! Nemetschek SE Attractive End- Unique market Attractive business Strong financial Value accretive markets position model position M&A | Huge growth | Best in class | Highly profitable | Very healthy balance | Strong track potential products | Strong Cash sheet record of
Slide 14: Our Business Model in Light of a Potential Crisis Scenario
Our Business Model in Light of a Potential Crisis Scenario Situation 2008/09 2020: We further diversified our business and are better prepared for a macro downturn 6% 6% 7% 17% 3% 9% Fixed vs. Design variable costs Build 2008 Manage 31% 2019 56% 17% 2019 Fixed Media & Entertainment 66% Variable (dis
Slide 15: Outlook 2020: Conservative Guidance Due to Covid-19
Outlook 2020: Conservative Guidance Due to Covid-19 Results 2019 2019 Outlook 2020 At least stable to Revenues slightly € 557m growing EBITDA margin 29.7% > 26% Outlook 2020: | Revenues: At least stable to slightly growing | EBITDA margin: > 26% | Please note: Guidance reflects the currently extreme
Slide 16: Q&A
03 Q&A Cordeel Headquarters, Temse, Belgium Engineering office: Ney & Partners; Image: Limeparts-Drooghmans and Studio PSG | Realized with SCIA
Slide 17: Appendix
Appendix Tamina Bridge, St. Gallen, Switzerland Engineering office: Leonhardt, Andrä und Partner | Image: Bastian Kratzke | Realized with Allplan
Slide 18: Income Statement
Income Statement €m Q4 2019 Q4 2018 % YoY 12M 2019 12M 2018 %YoY Revenues 150.8 130.4 +15.7% 556.9 461.3 +20.7% Own work capitalized/other operating income 1.1 1.1 -2.5% 6.2 5.5 +13.5% Operating income 152.0 131.5 +15.5% 563.1 466.8 +20.6% Cost of materials/purchased services -6.2 -4.1 +53.0% -20.2
Slide 19: Balance Sheet – Assets
Balance Sheet – Assets €m December 31, 2019 December 31, 2018 Assets Cash and cash equivalents 209.1 120.7 Trade receivables, net 62.0 55.8 Inventories 1.0 0.8 Other current assets 23.3 24.9 Current assets, total 295.5 202.2 Property, plant and equipment 27.6 17.6 Right-of-use assets 66.2 0.0 Intang
Slide 20: Balance Sheet – Equity and Liabilities
Balance Sheet – Equity and Liabilities €m December 31, 2019 December 31, 2018 Equity and liabilities Short-term borrowings and current portion of long-term loans 58.6 56.3 Trade payables & accrued liabilities 56.4 53.5 Deferred revenue 118.5 95.1 Current lease liability 12.6 0.0 Other current assets
Slide 21: Cash Flow Statement
Cash Flow Statement €m December 31, 2019 December 31, 2018 % YoY Cash and cash equivalents at the beginning of the period 120.7 104.0 +16.2% Cash flow from operating activities 160.4 99.7 +60.8% Cash flow from investing activities -83.8 -74.4 t/o CapEX -19.3 -11.3 t/o Cash paid for business combinat
Slide 22: Contact and Safe Harbor Statement
Architects: wörner traxler richter planungsgesellschaft mbh | Image: Frank Blümler | Realized with Allplan Contact Safe Harbor Statement The presentation today does contain forward-looking statements about our strategies, products, future results, NEMETSCHEK SE performance or achievements, financial
Slide 23: Thank You!
Thank You! Ingenieurbüro: AECOM | Umgesetzt mit SCIA Al-Janoub-Stadion, Al Wakrah, Katar Et quiducil ipsum quunt as essinci tatquiatis doluptae opta nobitas ex eatia ea vendus, cu