Blue Cap : 9-Monatszahlen 2024, 23.10.2024 (Englisch)
B7E.DE
Earnings Call:
Financial Figures
Q3 2024
Dr. Henning von Kottwitz, CEO and Henning Eschweiler, COO
Munich, 23 October 2024 14:00 CEST
Q3 2024: Significantly improved EBITDA margin
Q3 2024
Revenue
Q3 2024
Leverage Ratio
2.0x
Q3 2024
Adj. EBITDA
Q3 2024
Adj. EBITDA
margin
11.8%
* all figures shown refer to both the future continuing operations and the discontinued operations involving Neschen and nokra
Blue Cap AG _ Financial Figures Q3 2024
2
01_
Financial Figures
Dr. Henning von Kottwitz
Blue Cap AG _ Financial Figures Q3 2024
3
Revenue mainly affected by HY-Line, EBITDA strongly supported by con-pearl and Neschen**
Revenue*
EUR mn
222,8
152,8
135,8
209,0
195,3
Adjusted EBITDA and adj. EBITDA margin*
EUR mn and %
adj. EBITDA margin
23.6
19.0
15.9
13.6
10.6
8.8
10.3
9.5
7.5
7.6
2020 (9M)
2021 (9M)
2022 (9M)
2023 (9M)
2024 (9M)
2020 (9M)
2021 (9M)
2022 (9M)
2023 (9M)
2024 (9M)
* all figures shown refer to both the future continuing operations and the discontinued operations involving Neschen and nokra / ** sold as of 07.10.2024
Blue Cap AG _ Financial Figures Q3 2024
4
Very different development between segments in difficult environment
Revenue by segment*
Adjusted EBITDA by segment*
EUR mn
EUR mn
71,8
Plastics
7,9
+63%
Plastics
Adhesives & Coatings
82,9
+15%
63,4
-3%
Adhesives & Coatings
2,9
12,9
>100%
61,2
71,4
6,0
6,2
49,3
-31%
Business Services
5,7
2023 (9M)
-0,5
1,9
-69%
2023 (9M)
Business Services
Others
4,9
-14%
2024 (9M)
Others
-1,8
>100%
2024 (9M)
* all figures shown refer to both the future continuing operations and the discontinued operations involving Neschen and nokra
Blue Cap AG _ Financial Figures Q3 2024
5
Net working capital and cash conversion cycle remain on a healthy level; increase driven by con-pearls US business
Net working capital*/**
EUR m and in % of total output (LTM)
30 Sep 2024
18%
30 Jun 2024
18%
31 Mar 2024
20%
31 Dec 2023
19%
Cash conversion cycle**
in days
48.2
30 Sep 2024
+6%
45.6
30 Jun 2024
46.8
31 Mar 2024
-1%
47.3
31 Dec 2023
83
+6%
78
78
+1%
77
*Net working capital incl. contract assets / liabilities
** all figures shown refer to both the future continuing operations and the discontinued operations involving Neschen and nokra
Blue Cap AG _ Financial Figures Q3 2024
6
Leverage ratio significantly improved, net debt below target
Net debt and leverage ratio*
EUR mn and in years
70.1
59.0
Net debt/adj. EBITDA
58.7
52.6
2.6
3.0
2.5
2.0
2022 (Dec)
2023 (Sept)
2023 (Dec)
2024 (Sept)
* all figures shown refer to both the future continuing operations and the discontinued operations involving Neschen and nokra
Blue Cap AG _ Financial Figures Q3 2024
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02_
Portfolio Update
Henning Eschweiler
Blue Cap AG _ Financial Figures Q3 2024
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Current developments in our portfolio
Plastics
Plastics
Q3 2024
Outlook 2024
Invest: 2019 / 100%
Revenue 2023: €55mn
Invest: 2021 / 71%
Revenue 2023: €41mn
Blue Cap AG _ Financial Figures Q3 2024
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Current developments in our portfolio
Adhesives & Coatings
Adhesives & Coatings
Q3 2024
Outlook 2024
Invest: 2016 / 100%
Revenue 2023: €51mn
Invest: 2009 / 100%
Revenue 2023: €33mn
Blue Cap AG _ Financial Figures Q3 2024
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Disclaimer
Blue Cap AG published this content on October 23, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 23, 2024 at 13:37:07.733.