DOCDATA N.V. Press & Analyst presentation 17 July 2014 Half-year 2014 results Deze presentatie is beschikbaar via www.docdatanv.com
AGENDA Marc Verstraeten, CFO Half-year 2014 results Michiel Alting von Geusau, CEO Overview and Business update 2014 Q&A 2 Half-year 2014 results
DOCDATA N.V. Half-year 2014 results
REVENUE IAI 100 Docdata 80 in millions 60 40 Total Total 20 Docdata - HY2010 HY2011 HY2012 HY2013 HY2014 IAI 4 Half-year 2014 results
REVENUE SEGMENTATION By line of business HY 2014 By line of business HY 2013 9,4% 7,9% 90,6% 92,1% Docdata IAI 5 Half-year 2014 results
REVENUE DEVELOPMENT 100 90 in millions 80 70 60 82.0 -/- 11.8 + 5.4 + 0.7 76.3 50 HY 2013 Revenue largest client Docdata Autonomous growth Docdata Autonomous growth IAI HY 2014 6 Half-year 2014 results
GROSS PROFIT in millions 20 15 10 5 0 HY 2010 HY 2011 HY 2012 HY 2013 HY 2014 IAI Total Docdata IAI Docdata Total 7 Half-year 2014 results
GROSS PROFIT (MARGIN) DEVELOPMENT 20 40% 35% in millions 15 10 5 30% 25% 20% 15% 10% 5% 0 HY 2010 HY 2011 HY 2012 HY 2013 HY 2014 0% Gross profit Gross profit margin 8 Half-year 2014 results
OPERATING PROFIT BEFORE FINANCING RESULT (EBIT) IAI Docdata in millions 8 7 6 5 4 Total 3 2 1 0 HY 2010 HY 2011 HY 2012 HY 2013 HY 2014 IAI Total Docdata 9 Half-year 2014 results
OPERATING PROFIT BEFORE AMORTISATION AND DEPRECIATION (EBITDA) 12 10 8 in millions 6 4 2 0 HY 2010 HY 2011 HY 2012 HY 2013 HY 2014 EBITDA (Operating profit before net financing result, depreciation and amortisation) EBIT (Operating profit before financing result) Depreciation and amortisation 10 Half-year 2014 results
PROFIT FOR THE PERIOD 8 7 in millions 6 5 4 3 2 1 Profit before income tax Profit for the period 0 HY 2010 HY 2011 HY 2012 HY 2013 HY 2014 11 Half-year 2014 results
BALANCE SHEET 45 40 in millions 35 30 25 20 15 10 5 0-5 HY 2012 YE 2012 HY 2013 YE 2013 HY 2014 Working capital Net cash Net operating assets Equity Note: excluding Stichting foundation docdata payments 12 Half-year 2014 results
CASH FLOW 35 + 20.5 + 3.6 -/- 3.5 -/- 6.0 -/- 3.0 11.6 30 25 in millions 20 15 10 Restricted cash 5 6.7 Restricted cash 0.7 0 Cash and cash equivalents 31 Dec 2013 Net cash from operating activities Net cash from investing activities Net cash from financing activities Restricted cash movement Cash and cash equivalents 30 Jun 2014 13 Half-year 2014 results
DOCDATA N.V. SUMMARY HALF-YEAR 2014 Total revenue decreased with 6.9% to 76.3 million, combined mix of: Docdata -/- 6.4 million (-/- 8.4%) IAI + 0.7 million (+ 11.2%) Expected and announced decline of revenue from services to Zalando -/- 11.8 million; still contributing 23.6% to Group revenue HY2014 Total EBIT decreased with 2.1 million (31%) to 5.1 million resulting from results Docdata Gross Profit margin increase from 22.6% in HY2013 to 23.7% in HY2014, effect of: Improved efficiency Docdata Better margin on delivered systems by IAI No non-recurring costs in HY2013 en HY2014 14 Half-year 2014 results
DOCDATA N.V. Overview and Business update half-year 2014
DOCDATA N.V. SUMMARY HALF-YEAR 2014 Docdata revenue decreased underlying growth Vision 2020 Smart Growth : implementation on track Launching clients for smart solutions Highest order intake for IAI during the first half-year 2014 Strong financial position Investments in capacity and smart solutions Implement new 10.000m 2 fulfilment center in Groβbeeren; Docdata Home & Living 16 Half-year 2014 results
Docdata HALF-YEAR 2014 Decrease of number of transactions in half-year 2014 (-/- 13.2%) to 22.8 million unique transactions (half-year 2013: 26.3 million) Strong autonomous growth in the Netherlands and Germany without our biggest client Biggest client: transactions and revenue are decreasing as expected, further reduction in second half-year 2014 Successful implementation of ASOS; first orders and returns processed Poland operations fully up and running: capacity will be expanded Add 12.000m 2 fulfilment capacity in Waalwijk per 1 October 2014 Transition of fulfilment center Groβbeeren to a Docdata fashion fulfilment center 17 Half-year 2014 results
Docdata REVENUE DEVELOPMENT 100 50% 80 40% in millions 60 40 30% 20% 20 10% - HY2010 HY2011 HY2012 HY2013 HY2014 0% Revenue Docdata Revenue growth % Docdata excl. largest client 18 Half-year 2014 results
IAI HALF-YEAR 2014 Highest order book ever. Order book per 30 June 2014: 15.8 million (31 December 2013: 10.5 million) Worldwide orders received for 2014 (a.o. China, Brazil) Invested in the development of smart laser technology Invested in the organisation, office and production facilities in Veldhoven and Thalheim Investment in new production systems for document security market 19 Half-year 2014 results
IAI ORDER BOOK 16 14 12 15.8 in millions 10 8 6 4 2 9.5 10.5 0 30 Jun 2013 31 Dec 2013 30 Jun 2014 20 Half-year 2014 results
DOCDATA N.V. VISION 2020 Smart Growth 21 Half-year 2014 results
DOCDATA N.V. KEY POINTS Lower revenue in 2014 due to strongly reduced activities for biggest client Implementation strategy for Docdata and IAI Docdata: smart in e-commerce solutions IAI: smart with laser technology Continuous focus on winning new clients and orders Keep strong financial position Focus on IT-systems 22 Half-year 2014 results
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