Earnings Release • Nov 24, 2020
Earnings Release
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Investor Update Call – 9M 2020 | 24 November 2020
This document is being presented solely for informational purposes and should not be treated as giving investment advice. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent our personal opinions. We advise you that some of the information is based on statements by third persons, and that no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein.
This presentation contains certain forward-looking statements relating to the business, financial performance and results of Brockhaus Capital Management AG and its subsidiaries (collectively the "BCM Group") and/ or the industries in which BCM Group operates. Forward looking statements 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. The forward-looking statements contained in this presentation, including assumptions, opinions and views of BCM-Group 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 markets in which BCM Group operates, 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 BCM Group's ability to achieve synergies from acquisitions. In general, the potential impact of COVID-19 on BCM's business is uncertain and will, among others, depend on the further development of the pandemic and other developments worldwide such as the (re-)implementation and duration of national and regional lock-down measures or the development of leading international economies in light of the pandemic. BCM Group does not guarantee that the assumptions underlying the forward-looking statements in this presentation are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or any obligation to update the statements in this presentation to reflect subsequent events. The forward-looking statements in this presentation are made only as of the date hereof. Neither the delivery of this presentation nor any further discussions of BCM Group with any of the recipients thereof shall, under any circumstances, create any implication that there has been no change in the affairs of BCM Group since such date. Consequently, BCM Group does not undertake any obligation to review, update or confirm recipients' 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.
Neither Brockhaus Capital Management AG nor any other person shall assume any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or the statements contained herein as to unverified third person statements, any statements of future expectations and other forward-looking statements, or the fairness, accuracy, completeness or correctness of statements contained herein, or otherwise arising in connection with this presentation.
| Reportable segments | ||||||||
|---|---|---|---|---|---|---|---|---|
| Environmental Technologies |
Security Technologies |
Central Functions and consolidation |
Total | |||||
| € thousand | 9M 2020 | 9M 2019 | 9M 2020 | 9M 2019 | 9M 2020 | 9M 2019 | 9M 2020 | 9M 2019 |
| Revenue | 10,174 | 8,676 | 23,728 | 31,660 | (31) | - | 33,870 | 40,336 |
| Revenue growth | 17.3% | (25.1%) | (16.0%) | |||||
| Gross profit | 7,808 | 7,080 | 17,404 | 23,708 | - | - | 25,211 | 30,788 |
| Gross margin | 76.7% | 81.6% | 73.3% | 74.9% | 74.4% | 76.3% | ||
| Adjusted EBITDA | 2,989 | 3,015 | 7,428 | 12,624 | (3,463) | (2,194) | 6,954 | 13,445 |
| Adjusted EBITDA margin | 29.4% | 34.7% | 31.3% | 39.9% | 20.5% | 33.3% |
▪ Total cash and cash equivalents of € 122.3 million as per end of September 2020
Note: 9M 2019 figures are presented on a pro forma basis.
For definition and more information on alternative performance measures, please refer to Note 4 of the selected notes to the interim consolidated financial statements H1 2020.
M&A activities in 2020 YTD
>2.900 companies actively screened
...250 acquisition opportunities through M&A advisors and network
…20 management presentations
…2 companies currently in due diligence
Healthcare Software
▪ EBITDA margin: ~ 30%
▪ Proprietary
Please refer to the section Forecast of the 9M 2020 Quarterly Statements and the ad-hoc notification published on 13 November 2020
Q&A
NEXTOWER | Thurn-und-Taxis-Platz 6
D-60313 Frankfurt am Main
T: +49 (0) 69 20 43 40 90
F: +49 (0) 69 20 43 40 971
Mail: [email protected]
Trading symbol: BKHT ISIN: DE000A2GSU42
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