Washtec Ag · XETR:WSU
Washtec — Q1 2020 Earnings Presentation
21 slides from Washtec's earnings presentation, Apr 28, 2020
Slide 1: Conference Call Q1 Statement 2020
Platzhalter Conference Call Q1 Statement 2020 April 28, 2020
Slide 2: COVID-19 situation as of today: Impact in Q2 expected
COVID-19 situation as of today: Impact in Q2 expected - Pandemic and regulatory implications too early to assess finally Current situation Challenges Management priorities Machines & installation ▪ Top priority: ▪ Installation of machines by key-account protect the health and safety of employees cus
Slide 3: WashTec's factors of success
WashTec‘s factors of success ▪ Business model ▪ Customer benefit, Entrepreneurship, Digitalization ▪ WashTec Performance Program ▪ Digital transformation WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 3
Slide 4: Business model
Business model WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 4
Slide 5: Customer benefit, Entrepreneurship, Digitalization
Customer benefit, Entrepreneurship, Digitalization Digitalization of products, service and businessmodels to increase the customer benefit Crisis generates digitalization push at WashTec: ▪ Reduce shutdown risk due to infections: Employees at Home office ▪ Business continuation: Global meetings are
Slide 6: WashTec Performance Program
WashTec Performance Program Sales & Service Engineering Supply Chain Operational Excellence Excellence Excellence Excellence Performance based Innovative customer Connected and agile sales & service centric solutions value stream Digital Digitalization of value chain, product & service portfolio Exc
Slide 7: Digital transformation
Digital transformation Example: Evaluation of the wash figures in Q1 2020 [avg. washes] Germany: China: WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 7
Slide 8: Financials
Financials WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 8
Slide 9: Effects of the COVID-19 pandemic clearly noticeable at the end of the first quarter
Effects of the COVID-19 pandemic clearly noticeable at the end of the first quarter Revenue EBIT EBIT margin 87.3 Mio.€ 1.7 Mio.€ 1.9% Free Cash Flow ROCE Earnings per Share 1.4 Mio.€ 17.6% -0.02 € WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 9
Slide 10: Free cash flow significantly increased by 10.8 Mio.€
Free cash flow significantly increased by 10.8 Mio.€ 101.2 91.5 92.3 87.3 76.8 12.1 10.8 5.4 7.6 3.7 2.6 1.7 1.4 Q1 16 Q1 17 Q1 18 Q1 19 Q1 20 Q1 16 Q1 17 Q1 18 Q1 19 Q1 20 in €m -3.0 -9.4 Q1 16 Q1 17 Q1 18 Q1 19 Q1 20 Revenue EBIT Free Cash Flow -5.4%* -34.6%* +114.9%* *Change Q1 2019 vs Q1 2020 Wa
Slide 11: Q1 – Revenue per region
Q1 – Revenue per region Revenue WashTec Group (-5.4%) Q1 2020 Q1 2019 87,3 Mio.€ 92,3 Mio.€ North America (+26.1%) Q1 2020 Q1 2019 15.0 Mio.€ 11.9 Mio.€ Europe (- 8.6%) Q1 2020 Q1 2019 Asia/Pacific (-17.5%) 72.2 Mio.€ 79.0 Mio.€ Q1 2020 Q1 2019 3.3 Mio.€ 4.0 Mio.€ WashTec AG | Conference Call Q1 Sta
Slide 12: Q1 - EBIT per region
Q1 - EBIT per region EBIT WashTec Group (-34.6%) Q1 2020 Q1 2019 1.7 Mio.€ 2.6 Mio.€ North America (+10.3%) Q1 2020 Q1 2019 -2.6 Mio.€ -2.9 Mio.€ Europe (-12.1%) Q1 2020 Q1 2019 Asia/Pacific (-25.0%) 5.1 Mio.€ 5.8 Mio.€ Q1 2020 Q1 2019 -0.5 Mio.€ -0.4 Mio.€ WashTec AG | Conference Call Q1 Statement
Slide 13: Q1 – Revenue by product segment
Q1 – Revenue by product segement Carwash management WashTec Group Equipment and Service Chemicals business and others 92.3 Mio.€ 87.3 Mio.€ 78.7 Mio.€ 72.5 Mio.€ Change -5.4% Change -7.9% 13.0 Mio.€ 11.6 Mio.€ Change +12.1% Change -5.0% 1.9 Mio.€ 2.0 Mio.€ Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1
Slide 14: Consolidated Income Statement
Consolidated Income Statement WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 14
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 15
Slide 16: Guidance 2020
Guidance 2020 WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 16
Slide 17: WashTec Performance
WashTec Performance in % Share Performance WashTec ▪ The negative effects of the Covid-19 pandemic were also very clearly reflected in the development of the share indices. ▪ The SDAX also deteriorated 0.0 significantly by 26.09%. SDax Mar`19 Apr`19 Jun`19 Oct`19 Dec`19 Mar`20 WashTec AG | Conferenc
Slide 18: Financial Calendar 2020
Financial Calendar 2020 WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 18
Slide 19: WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020
WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 19
Slide 20: The Shareholders
The Shareholders WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 20
Slide 21: No offer / Confidentiality
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 whatsoever