Nemetschek Se · XETR:NEM
Nemetschek — H1 2013 Earnings Presentation
19 slides from Nemetschek's earnings presentation, Jul 31, 2013
Slide 1: Half Year 2013 Conference Call
Half Year 2013 Conference Call Tanja Tamara Dreilich 31 July 2013
Slide 2: Content
Content Executive Summary Financials Outlook Appendix 1
Slide 3: H1 Headlines
H1 Headlines Continued solid performance in the first half 2013 Revenues increased by 5% to 88.5 mEUR EBITDA raised by 12% to 20.4 mEUR EBITDA margin reached 23.0% Net income up by 21% to 10.0 mEUR EPS 1.04 EUR EPS (without PPA) 1.37 EUR Net cash position increased by 10% to 48.7 (YTD) even after pa
Slide 4: H1 Headlines: Product News
H1 Headlines Product News Worldwide launch of ArchiCAD 17 by Graphisoft Vectorworks Nomad mobile application for Kindle Fire is now available (via Amazon app store). On top the localized Japanese and Chinese versions of the 2013 product line was launched Launch of Scia Engineer 2013 version enabling
Slide 5: H1 Headlines: Awards
H1 Headlines Awards Nevaris won the red dot design award Cinema 4D won „Best 3D & Video Software“ at Macworld awards 2013. Cinema 4D impressed with user-friendliness and depth of new features Vectorworks Nomad mobile application was named runner up in the Architosh “Best of Show” 2013 awards from th
Slide 6: Content
Content Executive Summary Financials Outlook Appendix 5
Slide 7: Group P+L: H1 profitability in line with expectations
Group P+L: H1 profitability in line with expectations H1 Revenues increased by 5% Recurring revenues from maintenance with over-proportional growth of 9% EBITDA well above previous year (+12%) due to high cost awareness Net income increased to 10.0 mEUR (+21%) EPS at 1.04 EUR EPS (without PPA) reach
Slide 8: Net cash development
Net cash development Operating cash flow increased by 13% to 19.1 mEUR CapEx at 2.5 mEUR in line with forecast (~6 mEUR in FY 2013) Dividend payment of 11.1 mEUR in Q2 Cash position at 48.7 mEUR (+10% YTD) No financial debt Net cash development in EUR millions €m H1 H1 % 2012 2013 YoY -11,1 16,6 -1,
Slide 9: Divisional performance
Divisional performance €m H1 2012 H1 2013 % YoY Revenues Revenues Design: continued moderate growth in first half 2013 Design 68.3 70.9 +4% Build: positive service business and Build 7.0 7.5 +8% customer spendings Manage 2.0 2.2 +11% Manage: large customer wins Multimedia 7.1 7.8 +9% Multimedia: Ado
Slide 10: Content
Content Executive Summary Financials Outlook Appendix 9
Slide 11: Outlook 2013 and market environment
Outlook 2013 and market environment EuroConstruct(1) reduced the estimated growth rates in June 2013 vs. Dec. 2012 Overall a decline of investments (-2.8%) is expected in 2013; in 2014 an increase of 0.5% is estimated Construction output will grow in most Nemetschek markets in 2014 and 2015 (esp. DA
Slide 12: IR-calendar 2013 and contact
IR-calendar 2013 and contact 31/07 Publication of H1 Report 2013 05/09 Montega Sector Conference, Frankfurt 23/09 Berenberg and Goldman Sachs German Corporate Conference, Munich 24/09 Baader Investment Conference in Munich, Munich 25/09 UniCredit and Kepler Chevreux German Investment Conference, Mun
Slide 13: Content
Content Executive Summary Financials Outlook Appendix 12
Slide 14: P+L statement – quarterly comparison
P+L statement – quarterly comparison mEUR Q2 2013 Q2 2012 % YoY Revenues 44.8 42.8 +5% Own work capitalized/ Other operating income 0.7 1.0 -36% Operating income 45.4 43.9 +4% Cost of materials/ purchased services -2.2 -1.9 +14% Personnel expenses -19.2 -19.3 0% Other operating expenses -14.4 -13.8
Slide 15: P+L statement – half-year comparison
P+L statement – half-year comparison mEUR H1 2013 H1 2012 % YoY Revenues 88.5 84.4 +5% Own work capitalized/ Other operating income 2.0 2.2 -9% Operating income 90.4 86.6 +4% Cost of materials/ purchased services -4.3 -3.6 +18% Personnel expenses -38.4 -37.8 +2% Other operating expenses -27.4 -27.0
Slide 16: Balance sheet - Assets
Balance sheet - Assets mEUR June 30, 2013 Dec 31, 2012 ASSETS Cash and cash equivalents 48.7 44.3 Trade receivables, net 22.8 21.4 Other current assets 10.5 8.7 Total current assets 81.9 74.4 Tangible assets 4.9 5.0 Intangible assets 28.0 31.4 Goodwill 52.9 52.6 Other non-current assets 1.8 1.6 Tota
Slide 17: Balance sheet – Equity and liabilities
Balance sheet – Equity and liabilities mEUR June 30, 2013 Dec 31, 2012 EQUITY AND LIABILITIES Short-term loans 0.0 0.0 Trade payables & accrued liabilities 16.9 19.0 Deferred revenue 28.9 21.6 Other current liabilities 6.9 6.3 Total current liabilities 52.7 46.9 Deferred tax liabilities 1.7 1.7 Othe
Slide 18: Cash flow statement
Cash flow statement mEUR H1 2013 H1 2012 % YoY Cash at beginning of period 44.3 33.5 +32% Operating cash flow 19.1 16.9 +13% Investing cash flow -2.5 -3.0 -18% t/o CapEx -2.5 -2.5 Financing cash flow -12.1 -17.0 -28% FX-effects -0.2 0.5 Cash at end of period 48.7 31.0 +57% Free cash flow(1) 16.6 13.
Slide 19: 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