Washtec Ag · XETR:WSU
Washtec — FY2018 Earnings Presentation
20 slides from Washtec's earnings presentation, Mar 19, 2019
Slide 1: Conference Call March 19, 2019
Conference Call March 19, 2019
Slide 2: All Around Clean Cars
ALL AROUND CLEAN CARS 2 Conference Call Annual Report 2018
Slide 3: Highlights 2018
HIGHLIGHTS 2018 Breakthrough in China drives growth in Asia/Pacific Entrepreneurs at WashTec - the basis for sustainable success EasyCarWash – the new digital world of carwash 3 Conference Call Annual Report 2018
Slide 4: Year of consolidation, but continuous organic growth path
YEAR OF CONSOLIDATION, but continuous organic growth path Compound annual growth rate (CAGR) 2014-2018 in €m 425.0 435.4 372.8 340.9 52.2 51.5 302.6 44.1 36.4 32.3 26.2 28.1 25.1 20.8 18.4 REVENUE EBIT FREE CASH FLOW +9.5% p.a. +29.3% p.a. +6.5% p.a. 4 Conference Call Annual Report 2018
Slide 5: Strong 2nd half-year
STRONG 2. HALF-YEAR Performance by quarters in €m REVENUE EBIT FREE CASH FLOW 5 Conference Call Annual Report 2018
Slide 6: Europe as driver of WashTec Group
EUROPE AS DRIVER OF WASHTEC GROUP Group Europe North America Asia / Pacific in €m +2.4% +5.5% -7.5% +6.7% 435.4 425.0 355.8 REVENUE 337.3 80.0 74.0 16.5 17.6 -1.3% +21.2% -157.6% -300.0% EBIT 55.4 52.2 51.5 45.7 5.9 -3.4 0.2 -0.4 Rounding differences may occur, without consolidation effects. 6 Confe
Slide 7: Q4 2018 – stronger than prior year
Q4 2018 – STRONGER THAN PRIOR YEAR Group Europe North America Asia / Pacific in €m +9.1 % +6.0 % +34.6 % -14.5 % 122.7 112.5 96.7 REVENUE 91.2 24.5 18.2 5.5 4.7 +24.7 % +46.1 % -136.4% -100% EBIT 18.7 18.2 14.6 12.8 1.1 0.3 -0.4 0.0 Rounding differences may occur, without consolidation effects. 7 Co
Slide 8: ROCE at 28.5%
ROCE AT 28.5 % Year of consolidation, but continuous organic growth path in €m 2018 2017 Revenue 435.4 425.0 Gross Margin 246.3 [56.6%] 244.1 [57,4%] Personnel expenses (135.2) [31.1%] (131.6) [31.0%] Depreciation (9.8) (9.9) EBIT 51.5 [11.8%] 52.5 [12.4%] Financial result (0.6) (0.6) EBT 50.8 51.6
Slide 9: Solid balance sheet structure
SOLID BALANCE SHEET STRUCTURE Year of consolidation, but continuous organic growth path in €m Dec. 31, 2018 Dec 31, 2017 Balance Sheet Total 237.2 233.9 Goodwill 42.3 42.3 Equity 95.4 94.2 Net Financial Debt 10.1 7.1 Net Operating Working Capital 82.6 86.7 Net Cash Outflow from investing activities
Slide 10: WashTec share performance
WASHTEC SHARE PERFORMANCE in % 85.00 80.00 Trade Volume (Xetra) WASHTEC 75.00 February Period 2019 2018 2017 70.00 pcs 348,398 1,315,131 731,659 (Jan-Feb) 65.00 in T€ 11,033.0 57,449.6 23,835.1 SDAX T€ per day in 60.00 551.6 2,872.5 1,191.8 average 55.00 Jan 1, 2018 Jun 2018 Dec 31, 2018 Feb 28, 201
Slide 11: Guidance 2019
GUIDANCE 2019 EU NA APAC Group slight significant significant significant Revenue increase increase increase increase significant significant significant significant EBIT increase increase increase increase Group slight Free cash flow increase ROCE ≥ 25 % 11 Conference Call Annual Report 2018
Slide 12: Potential: number of vehicles
POTENTIAL (Number of vehicles) 2.0Mrd. 0.9Mrd. 2050 2015 Source: 2015: 947 Mio. Fahrzeuge weltweit (OICA) 2035: 1.700 Mio. Fahrzeuge cars (IEA 2013) 2050: > 2.000 Mio. Fahrzeuge (Shell Group Research) 12 Conference Call Annual Report 2018
Slide 13: Potential: machines vs handwash
POTENTIAL in all regions MACHINES HANDWASH 50% 50% 13 Conference Call Annual Report 2018
Slide 14: Sustainable competitive advantages = entry barriers
SUSTAINABLE COMPETITIVE ADVANTAGES SUSTAINABLE COMPETITIVE ADVANTAGES = ENTRY BARRIERS ECONOMIES OF OPERATIONALE TECHNOLOGIE EXZELLENZ BINDUNG KUNDEN- SCALE IP 14 Conference Call Annual Report 2018
Slide 15: Corporate philosophy
CORPORATE PHILOSOPHY CUSTOMER BENEFIT SPECIALISTS INNOVATION LEADERSHIP ENTREPRENEURS 15 Conference Call Annual Report 2018
Slide 16: Customer benefit as the key to success
CUSTOMER BENEFIT as the key to success 16 Conference Call Annual Report 2018
Slide 17: Financial calendar
FINANCIAL CALENDAR March 19, 2019 Publication of Annual Financial Report April 3, 2019 Bankhaus Lampe Konferenz, Baden-Baden April 29, 2019 General Annual Meeting, Augsburg April 29, 2019 Publication of Q1 Statement / Q1 Report July 26, 2019 Publication of half-year Report September 23–26, 2019 Baad
Slide 18: Conference Call Annual Report 2018
18 Conference Call Annual Report 2018
Slide 19: Backup: The shareholders
BACKUP: THE SHAREHOLDERS Fidelity Investment Trust; 3.01 % FMR LLC 1); 3.35 % Diversity Industrie Holding; 4.00 % Treasury Shares; 4.25 % Others; 35.29 % Paradigm Capital Value Fund 2); 4.58 % Investment AG für langfristige Investoren TGV; 5.43 % Merrill Lynch International 3); 6.25 % Dr. Kurt Schwa
Slide 20: Disclaimer
DISCLAIMER No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment