Nemetschek Group
Earnings Call Q2-/H1-21
July 29 2021 | Dr. Axel Kaufmann, Spokesman & CFOO
Queen's Wharf, Brisbane, Australia | Architects: Cottee Parker Architects | Picture: Destination Brisbane Consortium | Realized with Bluebeam, dRofus, Graphisoft & Bluebeam |
01 Financial Results Q2-/H1-21
Copper factory, Tulufan, China Visualization: Slashcube, Thomas Vournazos | Visualized with Maxon
Top Key Figures Q2-2021: Record Quarter Across the Board
Revenues | |
m€ | |
165,9 | |
141,6 | +17.2% |
+21.5% cc1 | |
Q2-20 | Q2-21 |
Recurring revenues
m€
88,9 | 99,9 |
% | |
+12.4 | |
+16.4% cc1 | |
Q2-20 | Q2-21 |
EBITDA
m€
56,3 | |
+38.3% | |
40,7 | +43.3% cc1 |
Q2-20 | Q2-21 |
EPS
€
0,29 | |
0,18 | +56.9% |
Q2-20 | Q2-21 |
- Strongest organic quarterly growth in years
- Strong demand for Nemetschek's leading software solutions in all market segments
| Subscription/SaaS continues to be | | Q2-21: | EBITDA margin: 34.0% vs. | | Tax rate: 18.5% vs. 23.5% in |
the main growth driver: +53.1% cc1 | Q2-20: | 28.8% | previous year | |||
| Subscription share reaches new | | Main drivers: strong operational | | EPS before PPA amortization: | |
record high with 18% of total | growth combined with high efficiency | 0.34 EUR (+50.1%) | ||||
revenues |
Earnings Call Q2-/H1-21 | 1 Constant currency | ||
3 | JULY 2021 | ||
Key Business Highlights H1-21: Excellent First Half of the Year due to Operational Strength
Financial Performance | Strategic Highlights |
Revenues: | Earnings per Share | |||||||
+12.5% (FX adj.: +16.7%) | EUR 0.54 (+47.1% y/y) | |||||||
to EUR 324.3m | ||||||||
Subscription/SaaS: | High Cash Conversion: | |||||||
+45.7% (FX adj.: +51.5%) | 99.9% | |||||||
to EUR 58.5m | ||||||||
EBITDA: | Equity Ratio: | |||||||
$ | ||||||||
+28.3% to EUR 105.9m | 49.3% (H1-20: 43.3%) | |||||||
(Margin: 32.7%) | ||||||||
Value accretive M&A and Venture Investments
- Successful integration of acquisitions Red Giant and Redshift in Maxon
- Start-upInvestments: Reconstruct, Sablono
Continued Progress on Harmonization
- Precast integration into Allplan
- Allplan & SDS2 join forces
Subscription/SaaS
- Growth underpins success of segment-tailored subscription strategy
Earnings Call Q2-/H1-21
4 JULY 2021
Continued Strong Growth in Subscription/SaaS
Revenue Share by Type in %
Development Share Subscription/SaaS | |||||||
vs. Software Services | |||||||
61% | |||||||
35% | H1-21 | 48% | 43% | ||||
61% | 45% | 47% | |||||
44% | |||||||
4% | 4% | 8% | 14% | 18% | |||
H1-2018 | H1-2019 | H1-2020 | H1-2021 |
Software licenses | Recurring revenues | |
Consulting & Hardware | | | Software services (43%) |
| | Subscription/SaaS (18%) |
Q2-21
Recurring revenues y/y
-
+12.4%
+16.4% cc1
Subscription/SaaS y/y
-
+47.4%
+53.1% cc1
Software licenses y/y
-
+24.7%
+30.0% cc1
H1-21
Recurring revenues y/y
-
+12.0%
+16.2% cc1
Subscription/SaaS y/y
-
+45.7%
+51.5% cc1
Software licenses y/y
-
+13.1%
+17.8% cc1
Earnings Call Q2-/H1-21 | 1 Constant currency | ||
5 | JULY 2021 | ||
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Nemetschek SE published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 05:06:07 UTC.