Delticom AG: Company Presentation. Hanover, 12 November 2015

Transcription

1 Delticom AG:

2 Delticom Europe s leading online tyre retailer ~200 online shops in 41 countries (Europe & North America) Service partners: EU 36,837, Non-EU 6,044 More than 25,000 models from over 100 tyre brands for cars, motorcycles, commercial vehicles and buses Complete wheels, motor oil, replacement parts and accessories (> 300k) MultiShops 2

3 9M/2015: growth in a market environment of deflationary prices Macroeconomy Further downturn in global economic outlook due to weak growth in China and emerging markets European consumer spending and unemployment figures vary heavily In Germany, private consumption is a key pillar to economic development Revenues Group revenues of m (+12.7 % y-o-y) 77 % of revenues stem from EU countries, with stronger revenues growth (14.7 % compared to 6.7 % for Rest of World) e-commerce revenues of 202 online shops % growth y-o-y 9M 15 Tyre market Negative trend observed in first half of year continued in the third quarter Industry figures for 9M 15: summer tyre sales down 9.3 %, winter tyre sales down 3.4 % Customer base 717 thousand new customers 643 thousand repeat customers Customer base > 9.2 million 3

4 9M/2015: Key Financials Delticom Group Unit 9M 15 9M 14 -/+ (%, %p) New customers k New methodology Revenues m Grossprofit *) m Grossmargin *) % Focus on volume growth EBITDA m Volume-related costs compensated by reduced personnel costs EBITDA margin % EBIT m EBIT margin % Net income m Earnings per share(undiluted) Depreciation: further logistics optimization Unit /+(%,%p) Inventories m Optimized stocking Equity m Equity ratio % *) excl. other operating income 4

5 9M/2015: P+L statement in m 9M 15 9M 14 -/+(%) Revenues Other operating income Total operating income Cost of goods sold Gross profit Personnel expenses Reduced Tirendo workforce Other operating expenses Volume-related costs up EBITDA Depreciation EBIT Financial expenses Financial income Net financial result EBT Income taxes Tax rate >55 %(one-off effect in 2015) Consolidated net Income

6 9M/2015: Balance sheet Assets in m % -/+ (%) % % Assets Non-current assets Intangible assets Property, plant and equipment Financial assets Deferred taxes Other receivables Current assets Inventories According to plan Accounts receivable Other current assets Mainly tax refund claims Income tax receivables Cash and cash equivalents Assets

7 9M/2015: Balance sheet Shareholder s Equity and Liabilities in m % -/+ (%) % % Equity attributable to Delticom AG shareholders Subscribed capital Share premium Other components of equity Retained earnings Net retained profits Non-controlling interests Liabilities Non-current liabilities Long-term borrowings Non-current provisions Deferred tax liabilities Current liabilities Provisions for taxes Other current provisions Accounts payable In line with Inventory buildup Short-term borrowings Other currentliabilities Reportingdate effects Shareholder s equity and liabilities

8 9M/2015: Abridged cash flow statement in m 9M 15 9M 14 Earnings before interest and taxes (EBIT) Changes in inventories Changes in receivables and other assets not allocated to investing or financing activity Change in payables and other liabilities not allocated to investing or financing activity Other items Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Exchange rate-induced change in cash and cash equivalents Cash and cash equivalents at the start of the period Cash-relevant changes in cash and cash equivalents Changes in the scope of consolidation 0,1 0 Cash and cash equivalents at the end of period

9 Outlook 2015 Market Dampenedglobal economicoutlook, Eurozone expected to remain on moderate growth course Noupdate frombrv forfy 15: Q4 isdecisive Onset of colder temperatures in October rised hopesofincreasedsalesin Q4 15 Delticom Revenue guidance revised at the beginning ofnovember: m EBITDA (abs.) at least flat y-o-y Increasein volumevs Over 1m newcustomersin 2015 Expand market leadership Investor Relations Melanie Gereke Delticom AG Brühlstr Hanover, Germany gereke@delti.com phone:

10 Q&A 10