Washtec Ag · XETR:WSU
Washtec — Q1 2022 Earnings Presentation
17 slides from Washtec's earnings presentation, Apr 28, 2022
Slide 1: Q1 Statement | April 28th, 2022
Q1 Statement | April 28th, 2022 Dr. Ralf Koeppe | CEO Dr. Kerstin Reden | CFO
Slide 2: Update on WashTec
1 Update on WashTec 2 | Q1 2022 | April 28, 2022 | WashTec AG
Slide 3: Car wash as a resilient & sustainable business model
Car wash as a resilient & sustainable business model WashTec is the leading supplier of innovative vehicle wash solutions worldwide. The product range includes all types of vehicle washing systems as well as associated peripheral equipment, washing chemicals and water recovery systems. As specialist
Slide 4: CO2 footprint reduction
CO2 footprint reduction Our goal is a 30% percent reduction in CO2 emissions per million € turnover in our business activities by 2025 on the base of the year 2019. We are considering Scope 1 and 2 in Germany, the Czech Republic, the USA and China, countries in which we operate plants. Future steps:
Slide 5: Sustainability Report 2021
Sustainability Report 2021 Sustainability Economic Environmental Social strategy sustainability sustainability sustainability We are committed to integrate sustainability in our business model Strategy and first goals have been set internally and measures have been implemented within the last years
Slide 6: Unity expo 17 – 19 May 2022 Stuttgart, Germany
Unity expo 17 – 19 May 2022 Stuttgart, Germany WashTec at the leading retail petroleum and car wash trade fair in Europe under the motto: Image source: Uniti expo picture gallery review 6 | Q1 2022 | April 28, 2022 | WashTec AG
Slide 7: Q1 2022 results
2 Q1 2022 results 7 | Q1 2022 | April 28, 2022 | WashTec AG
Slide 8: Q1 2022 at a glance – strong business growth
Q1 2022 at a glance – strong business growth Strong revenue growth across all major Revenue segments and products € 101.0 m up 19% From a revenue perspective, one of the strongest Q1 in the company’s history (Adjusted) EBIT (Adjusted) EBIT margin at 4.6 % impact by increase in material cost € 4.6m u
Slide 9: Driven by high order backlog and order intake, revenue reached € 101m in Q1
Driven by high order backlog and order intake, revenue reached € 101m in Q1. Higher material cost impact GP by approx. € 2m Revenue Q1 Gross margin Q1 EBIT Q1* In % of revenue: In % of revenue: +16.2 27.7% 28.7% 26.8% 1.9% 4.1% 4.6% (+19.1%) 101.0 +2.8 (+12%) +1.1 87.3 84.8 (+31%) 27.1 24.2 24.3 4.6
Slide 10: Key accounts and Chemicals are main driver of revenue growth
Key accounts and Chemicals are main driver of revenue growth in million Euro Machines and service Q1 Chemicals Q1 Other Q1 +13.3 (+18.8%) 83.9 +2.9 (+22.8%) 72.5 70.6 15.6 13.0 12.7 -0.1 (-6.3%) 1.9 1.6 1.5 2020 2021 2022 2020 2021 2022 2020 2021 2022 10 | Q1 2022 | April 28, 2022 | WashTec AG
Slide 11: Strong revenue growth across all segments; EBIT US impacted by supply chain disruption
Strong revenue growth across all segments; EBIT US impacted by disruption in supply chain and inflation in million Euro Revenue by region Europe North America Asia-Pacific Asia-Pacific 3% Revenue NA Revenue Revenue 17% € 81.6m € 18.3m € 3.9m up 12.4% up 57.8% up 30.0% EBIT EBIT EBIT € 4.4m € -0.3m €
Slide 12: EBIT Q1 impacted by rise of material cost
EBIT Q1 impacted by rise of material cost; increase in selling expenses relates to higher freight cost and higher marketing expenses in million Euro +1.1 (+31%) 1.9 4.6 1.2 0.6 4.6 0.2 3.5 Adj. impact GM Selling cost R&D other EBIT EBIT increase increase 2022 2021 revenue (26.8%) @ PY GM (28.7%) 12
Slide 13: Cashflow impacted by increase inventories, tax payments and higher investment
Cashflow impacted by increase inventories, tax payments and higher investment in million Euro Q1 2021 Q1 2022 ∆ Cashflow from operating activities 6.3 -2.4 -8.7 Cashflow from investing activities -0.4 -1.2 -0.8 Finance lease -2.0 -2.2 -02 FCF after lease payments 3.9 -5.8 -9.7 Cashflow from financin
Slide 14: Guidance 2022 confirmed
Guidance 2022 confirmed* 2021 Guidance 2022* Revenue € 430.5m € 450-470m Adjusted EBIT € 43.0m € 45-48m FCF after lease payments € 34.5m € 28-32m ROCE 25.8% 25-27% * Guidance does not reflect any further repercussions from the war in Ukraine 14 |Q1 2022 | April 28, 2022 | WashTec AG
Slide 15: 15 | Q1 2022 | April 28, 2022 | WashTec AG
15 | Q1 2022 | April 28, 2022 | WashTec AG
Slide 16: Financial Calendar 2022
Financial Calendar 2022 May 16, 2022 Annual General Meeting 2022 July 28, 2022 Q2 Report 2022 October 27, 2022 Quartely Statement Q1–3 2022 November 28 – 30, 2022 Equity Forum, Frankfurt 16 | Q1 2022 | April 28, 2022 | WashTec AG
Slide 17: Disclaimer
Disclaimer Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future events. Such statements are subject to known and unknown risks