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QSC AG Investor Presentation 2024
343_ip_2024-08-12_258a1fdd-ccd1-494f-9360-d62f934baca6.pdf
Investor Presentation
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- Quarterly Results Q2 2024 -
Analysts and Investors Conference Call | 12 August 2024
Disclaimer
This presentation contains forward-looking statements based on management estimates and reflects the current views of q.beyond AG's ("q.beyond's") management board with respect to future events. These forward-looking statements correspond to the situation at the time this presentation was prepared. Such statements are subject to risks and uncertainties, which q.beyond is mostly unable to influence. These risks and uncertainties are covered in detail within the risk report section in our financial reporting.
Although the forward-looking statements are made with great care, their correctness cannot be guaranteed. Actual results may therefore deviate from the expected results described here. q.beyond does not intend to adjust or update any forward-looking statements after publication of the presentation.
Q2 2024:
Earnings strength continues to grow!
Quarterly comparison: EBITDA more than doubles
"2025 Strategy" is working
"One q.beyond" is enhancing efficiency
Profitability has priority over growth
H1 comparison underlines growing earnings strength
Revenues growing in challenging climate
Q2 2024
Q2 2023
€ million
Success due to "profitability over growth"
High share of recurring revenues (75\%)
Concentration on five focus sectors (72\%)
Focus on profitable business fields
Managed Services: growth continues
Q2 2024
Q2 2023
$33.7^{31.8}$
€ million
Gross profit:
Q2 2024: $€ 7.0$ million
Q2 2023: $€ 7.2$ million
Factors:
- Great resilience due to long-term contracts
- Greater efficiency thanks to One q.beyond
- Higher personnel and licence expenses
Consulting: project business influenced by economic climate
Q2 2024
Q2 2023
13.5
Q2 2023
14.6
€ million
Gross profit:
Q2 2024: $€ 0.9$ million
Q2 2023: $€ 1.1$ million
Factors:
- SMEs reluctant to invest
- Avoidance of low-margin business fields
- Greater efficiency thanks to One q.beyond
Consolidated net income approaching break-even
| Q2 2023 | Q2 2024 | |
|---|---|---|
| Revenues | 46.4 | 47.3 |
| Cost of revenues | (38.2) | (39.4) |
| Gross profit | 8.3 | 7.9 |
| Sales and marketing expenses | (3.4) | (2.7) |
| General and administrative expenses | (3.9) | (3.1) |
| Other operating result | 0.1 | 0.1 |
| EBITDA | 1.0 | 2.2 |
| Depreciation and amortisation | (3.4) | (3.2) |
| EBIT | (2.3) | (1.0) |
| Financial result | (0.1) | 0.2 |
| Taxes | (0.3) | - |
| Consolidated net income | (2.7) | (0.8) |
< Higher personnel and licence expenses
< Greater efficiency in sales and administration
< EBITDA margin rises as planned to 5\%
Positive free cash flow: rising net liquidity
30 June 2024
31 December 2023
€ million
Free cash flow of $€ 0.8$ million (Q2 2023: $€-1.1 \mathrm{~m}$ )
Net liquidity of $€ 0.31$ per share
Solid balance sheet: equity ratio of $60 \%$
2024: EBITDA +40\% - at least!
EBITDA rises significantly - outlook affirmed!
$5.7$
EBITDA
$8-10$
EBITDA
$€$ million
2023
2024 outlook
Revenues of $€ 192$ million to 198 million
Sustainably positive free cash flow
Earnings strength growing - despite weak economic climate!
$>$ Economy stagnating
IMF: GDP $+0.2 \%$ - lower than in any other industrialised economy
$>$ Low confidence
Ifo index falls for second consecutive time in July 2024
$>$ IT market with subdued growth
Bitkom forecast: $+5.4 \%$ (start of 2024: $+6.1 \%$ )
Resilient business model > 2025 Strategy is working!
1 Focused business model
2 Effective go-to-market
3 One q.beyond
More profitable revenues
Revenue growth
$>$ Enhanced efficiency
EBITDA margin will rise further in 2025
2024
Profitability levers
Consulting \& development
Nearshoring and offshoring
Artificial intelligence
2025
Targets are set
Sustainably positive consolidated net income
Sustainably positive free cash flow
Rising company value
Questions \& Answers
Contact
q.beyond AG
Arne Thull
Head of Investor Relations/M\&A
T +49 221 669-8724
M +49 163 669-8425
[email protected]
www.qbeyond.de
www.qbeyond.de/linkedin
www.qbeyond.de/xing
www.qbeyond.de/facebook
www.qbeyond.de/instagram
www.qbeyond.de/youtube
blog.qbeyond.de
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