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Investor Presentaiton

FINANCIAL DEVELOPMENT GreenMobility YOUR CITY CAR (DKK '000) 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2018 2017 INCOME STATEMENT Revenue 9,973 7,390 6,805 6,079 6,632 5,910 25,426 14,212 Franchise revenue 244 978 1,502 138 186 1,826 EBITDA (3,154) (5,064) (6,105) (5,347) (5,570) (5,057) (22,079) (24,637) EBIT (5,135) (6,828) (8,086) (6,889) (7,333) (6,818) (29,126) (32,084) Earnings before taxes (5,449) (6,573) (8,207) (7,382) (7,614) (7,076) (30,279) (33,448) Earnings after taxes (5,499) (6,573) (11,527) (7,382) (7,614) (6,592) (33,115) (30,603) BALANCE SHEET ELECTRIC Total assets 56,237 66,440 42,841 53,849 61,446 72,288 42,841 80,670 CAR SHARING Equity 17,119 22,617 (2,609) 8,903 16,284 23,914 (2,609) 30,506 Net working capital (3,915) (3,463) (3,397) (1,466) (2,180) (2,755) (3,397) (2,618) Net interest bearing debt 17,083 8,800 35,954 31,294 26,332 19,557 35,954 14,255 CASH FLOW Cash flow from operations (7,249) (3,955) (3,899) (4,873) (7,394) (5,098) (21,264) (22,587) Cash flow from investments (74) (400) (45) (50) (295) Cash flow from financing (2,534) 29,558 (2,533) (2,099) (2,244) (2,163) (9,039) (51,410) Free cash flow¹ (7,323) (4,355) (3,889) (4,873) (7,439) (5,103) (21,314) (22,882) KPIS # of customers (period end) 63,975 52,046 38,443 34,514 29,617 25,619 # of trips 176,113 157,440 132,070 115,664 124,894 120,207 Avg. trip duration (minutes) 31 28 30 28 28 31 38,443 492,835 29 21,032 320,657 43 1) Defined as cash flow from operations less cash flow from investment activities 38
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