Investor Presentation • Nov 17, 2021
Investor Presentation
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Allane SE Q3 2021 Update
This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Allane SE (together with its subsidiaries, the "Company") and/or the industry in which the Company operates. Forward-looking statements, regardless if made orally or in writing, concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," "intends," "projects," "plans," "estimates," "aims," "foresees," "anticipates," "targets," and similar expressions. Forwardlooking statements, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in general economic conditions, in particular economic conditions in the Company's target markets, changes affecting interest rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedings and actions and the Group's ability to achieve operational synergies from past or future acquisitions. The Company does not guarantee that the assumptions underlying forward-looking statements, regardless if made orally or in writing, are free from errors nor does it accept any responsibility for the future accuracy of opinions or any obligation to update the statements in this presentation to reflect subsequent events. Forward-looking statements are made only as of the date hereof. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients thereof shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. Consequently, the Company does not undertake any obligation to review, update or confirm investors' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the presentation.
Furthermore, a totally different performance can ensue from an unexpected slump in demand or economic stagnation in our key market Germany and/or in other Western European markets. The actual development can differ materially from the forecasts made in this presentation, in case one of the aforementioned risks or other risks not mentioned here should materialize and/or the assumption on which we have based our forecasts and prospects turn out to be wrong.
This presentation contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be used as) the basis of any analysis or other evaluation. In addition, the information in this presentation is subject to change. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein.
Due to rounding, individual figures in this presentation may not always add up to the total figure.
The presentation is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person.
By accepting this presentation, you acknowledge the foregoing.
| A. | KPIs and Highlights Q3 2021 |
|---|---|
| B. | Financials 9M 2021 |
| C. | Outlook |
| D. | Appendix |
2) Due to rounding it is possible that selected figures do not add up to the overall amount recorded
| Q3 2021 | Q4 2020 | Change vs. Q4 2020 | |
|---|---|---|---|
| Group contract portfolio1) | 128,200 | 129,900 | -1.3% |
| § Online Retail |
36,700 | 38,600 | -5.0% |
| § Fleet Management |
58,200 | 53,500 | 8.8% |
| § Fleet Leasing |
33,300 | 37,800 | -11.9% |
| Financials | 9M 2021 | 9M 2020 | Change vs. 9M 2020 |
| Operating revenue | EUR 291.5 m | EUR 319.9 m | -8.9% |
| EBITDA | EUR 142.3 m | EUR 158.6 m | -10.3% |
| EBT | EUR 4.6 m | EUR 5.2 m | -10.3% |
| Operating return on revenue | 1.6% | 1.6% | 0.0pp |
| Equity ratio | 17.8% | 16.4% | 1.4pp |
1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded
| A. | KPIs and Highlights Q3 2021 |
|---|---|
| B. | Financials 9M 2021 |
| C. | Outlook |
| D. | Appendix |
Allane Mobility Group – Key performance indicators 9M 2017 to 9M 20211)
1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded
2) Including leasing contracts, fleet management contracts, service contracts and order book (contracts for which the leased vehicle has not yet been delivered to the customer)
3) The sum of leasing revenue (i.e. the finance rate, being the financing portion, consisting of interest and depreciation, of the agreed lease instalment) and other revenue from leasing business of the Leasing business unit as well as fleet management revenue from the Fleet Management business unit
4) Ratio of earnings before taxes (EBT) to operating revenue
5) Earnings before interest, taxes, depreciation and amortisation
Allane Mobility Group – Development of EBT and business units 9M 2017 – 9M 20211)
1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded
2) Ratio of EBT to operating revenue
3) EBITDA = Earnings before interest, taxes, depreciation and amortization
Allane Mobility Group – Development of key balance sheet figures 2017 to Q3 2021
1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded
2) Including liabilities to related parties until 2017
3) Bank balances / cash
Allane Mobility Group – Maturities of financial liabilities as of 30 September 2021 [EUR m]
| LIABILITIES1) FINANCIAL |
2021 | 2022 | 2023 | 2024 | 2025+ | Total |
|---|---|---|---|---|---|---|
| Asset backed securities (ABS) programme |
46.7 | 162.9 | 134.9 | 79.5 | 23.6 | 447.6 |
| SCB loans | 30.0 | 50.0 | 20.0 | 30.0 | - | 130.0 |
| Bank loans | - | - | - | - | - | 0.0 |
| Bonds2) | - | 250.0 | - | - | - | 250.0 |
| Finance leases and others | 1.4 | 2.3 | 2.1 | 1.8 | 11.6 | 19.3 |
| Total | 78.1 | 465.2 | 157.0 | 111.3 | 35.2 | 846.9 |
| Bank balances | 14.6 | |||||
| Net debt | 832.3 |
1) Nominal repayment amounts; excluding future accrued interest; due to rounding it is possible that individual figures may not exactly add up to the total amount 2) Bond 2018/22 is first bond under the debt issuance programme
KEY FINANCING INSTRUMENTS
§ ~ EUR 165 m bilateral credit lines from 3rd
§ EUR 500 m ABS programme
party banks
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| A. | KPIs and Highlights Q3 2021 |
|---|---|
| B. | Financials 9M 2021 |
| C. | Outlook |
| 2021 | 2020 | |
|---|---|---|
| Contract portfolio | ||
| Group | Slight increase | 129,900 contracts |
| Financials | ||
| Operating revenue | In the range of previous year's figure | EUR 423.3 m |
| EBT | Higher single-digit million euro amount | EUR 9.1 m |
§ Allane assumes that the market and business environment will continue to be strongly negatively impacted by the COVID-19 pandemic.
§ In addition, consolidated earnings are still burdened in the 2021 financial year by transaction-related costs in connection with the takeover of the Company by HCBE.
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Dr.-Carl-von-Linde-Str. 2 Stefan Vogel 82049 Pullach T: +49 89 74444 4518
Germany F: +49 89 74444 85169 Email: [email protected]
| A. | KPIs and Highlights Q3 2021 |
|---|---|
| B. | Financials 9M 2021 |
| C. | Outlook |
| D. | Appendix |
| in EUR million | 9M 2021 | 9M 2020 | Change in % |
|---|---|---|---|
| Operating revenue | 291.5 | 319.9 | -8.9% |
| Sales revenue | 274.4 | 245.4 | 11.8% |
| Consolidated revenue | 565.8 | 565.3 | 0.1% |
| thereof Leasing business unit | 479.3 | 485.3 | -1.2% |
| thereof Fleet Management business unit | 86.5 | 79.9 | 8.3% |
| Fleet expenses and cost of lease assets | 366.8 | 359.4 | 2.1% |
| Personnel expenses | 36.7 | 31.6 | 15.9% |
| Net other operating income/expense | -20.1 | -15.6 | -28.9% |
| EBITDA | 142.3 | 158.6 | -10.3% |
| Depreciation and amortisation | 132.5 | 145.1 | -8.7% |
| Net finance costs | -5.2 | -8.4 | 38.1% |
| EBT | 4.6 | 5.2 | -10.3% |
| Operating return on revenue2) | 1.6% | 1.6% | 0.0 points |
| Income tax | 1.2 | 1.7 | -30.0% |
| Consolidated profit | 3.4 | 3.4 | -0.4% |
| Earnings per share (in EUR) | 0.17 | 0.17 | - |
1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded 2) Ratio of EBT to operating revenue
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| 30 Sep 2021 | 31 Dec 2020 | Change in % | |
|---|---|---|---|
| Group contract portfolio | 128,200 | 129,900 | -1.3 |
| thereof Online Retail | 36,700 | 38,600 | -5.0 |
| thereof Fleet Leasing | 33,300 | 37,800 | -11.9 |
| thereof Fleet Management | 58,200 | 53,500 | 8.8 |
| in EUR million | |||
| Total equity and liabilities | 1,218.4 | 1,295.6 | -6.0 |
| Lease assets | 1,013.2 | 1,093.3 | -7.3 |
| Bank balances | 14.6 | 2.4 | 514.4 |
| Financial liabilities | 848.1 | 935.9 | -9.4 |
| Equity | 216.6 | 212.9 | 1.8 |
| Equity ratio (%) | 17.8 | 16.4 | +1.4 points |
| 9M 2021 | 9M 2020 | ||
| Gross cash flow | 104.2 | 146.1 | -28.7 |
| Investments in lease assets | 245.1 | 313.8 | -21.9 |
1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded
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