H1 2021 Results u-blox Holding AG

20 August 2021

Thomas Seiler, CEO

Roland Jud, CFO

Disclaimer

This presentation contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of the Group to differ materially from those expressed or implied herein.

Should such risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this presentation.

u-blox is providing the information in this presentation as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise.

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u-blox Holding AG

Agenda

H1 2021 financial results

H1 2021 business review

Strategy

Outlook

Q&A

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H1 2021 financial results summary

H1 2021

H1 2020

Change 2021

IFRS

to 2020

(CHF millions, except EPS and margins)

reported

adjusted1

adjusted1

Revenue

192.7m

192.7m

174.0m

10.8%

(at constant exchange rates)

(16.5%)

Gross Profit

89.7m

89.9m

79.4m

13.3%

Gross margin (%)

46.6%

46.7%

45.6%

EBITDA

25.4m

28.7m

24.1m

19.0%

EBITDA margin (%)

13.2%

14.9%

13.9%

Operating Profit (EBIT )

5.6m

10.5m

13.2m

-20.5%

EBIT margin (%)

2.9%

5.5%

7.6%

Net Profit

2.3m

6.3m

4.7m

34.5%

Cash Flow from operating activities

43.0m

43.0m

13.9m

210.1%

Free Cash Flow

27.7m

27.7m

-21.9m

226.3%

EPS in CHF, fully diluted

0.32

0.89

0.67

  1. Excl. Share-based payments, impacts based on IAS-19, amortization of intangible assets acquired, impairments and non-recurring expenses

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Financial highlights

  • Financial results reflect solid growth driven by expansion of demand, but highly limited by component constraints
    • Total revenues of CHF 192.7m, an increase of 10.8% (16.5% at constant exchange rates)
    • APAC revenues increased by 5.4% to CHF 73.9m
    • EMEA revenues increased by 15.0% to CHF 59.4m
    • AMEC revenues increased by 22.4% to CHF 59.9m
  • Gross profit contribution (adjusted) of CHF 89.9 million, growth of 13.3%
  • Gross margin (adjusted) 46.7%, highest gross margin since H1 2018
  • EBITDA (adjusted) was CHF 28.7m, compared to CHF 24.1m last year
  • Cash flow from operating activities of CHF 43.0m in H1 2021, compared to CHF 13.9m last year
  • Free cash flow of CHF 27.7m (H1 2020: CHF -21.9m)

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u-blox Holding AG published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 05:03:03 UTC.