Evotec SE(EVO)

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Evotec SE(EVO) - 2023 Q2 - Earnings Call Presentation
2023-08-29 09:52
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Evotec SE(EVO) - 2023 Q2 - Quarterly Report
2023-08-28 16:00
Revenue Performance - Group revenues increased by 14% to €383.8 million in H1 2023, compared to €336.9 million in H1 2022, with like-for-like revenue growth also at 14%[4] - Total EVT Execute revenues rose by 2% to €356.6 million, while EVT Innovate revenues surged by 66% to €129.7 million in H1 2023[4] - Evotec reported a revenue of €383.835 million for the first half of 2023, an increase of 13.9% compared to €336.875 million in the same period of 2022[66] - Total revenues for the first half of 2023 amounted to €383,835k, representing a 14% increase compared to €336,875k in the same period of 2022[78][80] - Service fees and FTE-based research payments contributed €359,971k to total revenues, with a breakdown of €207,641k from Execute and €115,430k from Innovate[78] Financial Guidance - The company confirmed full-year 2023 revenue guidance of €750 – 790 million, with adjusted EBITDA guidance of €60 – 80 million[5] EBITDA and Profitability - Adjusted Group EBITDA for H1 2023 totaled €26.1 million, down from €33.6 million in H1 2022, impacted by a cyber-incident[4] - The company's Adjusted EBITDA for the first half of 2023 was €26.099 million, down from €33.636 million in the first half of 2022, reflecting a decrease of 22.4%[60] - Just – Evotec Biologics contributed an EBITDA of €8.5 million in H1 2023, with Q2 2023 showing a significant recovery to €20.0 million[26] - Net income for the first half of 2023 was a loss of €28.828 million, an improvement from a loss of €101.179 million in the same period of 2022[66] - The company’s total comprehensive income (loss) for the first half of 2023 was a loss of €18,478k, compared to a loss of €107,900k in the first half of 2022, reflecting a 82.9% improvement[69] Expenses and Costs - SG&A expenses increased by 31% to €88.2 million in H1 2023, driven by headcount growth to support business expansion[21] - Adjusted Group EBITDA for H1 2023 was €26.1 million, down from €33.6 million in H1 2022, impacted by a cyber-attack and higher management costs[25] - Cash flow from operating activities was €(5.2) million in H1 2023, a significant decline from €240.6 million in H1 2022, which was boosted by a $200 million upfront payment from BMS[32] Assets and Liabilities - Total assets increased by €44.0 million to €2,301.2 million as of 30 June 2023, with trade and other receivables rising by €30.7 million[37][38] - The company’s total financial assets as of June 30, 2023, were €1,008,060k, with cash and cash equivalents amounting to €459,752k[91] - The Group's total financial liabilities were €1,002,249k as of June 30, 2023, with loans and borrowings at €348,377k[92] - Total stockholders' equity decreased by 1% to €1,174.3 million as of 30 June 2023, with an equity ratio of 51.0%[46] Research and Development - Unpartnered R&D expenses are expected to be in the range of €60 – 70 million for FY 2023, consistent with €70 million in 2022[6] - Significant collaborations include a new agreement with Janssen for oncology therapies, with potential payments exceeding US$350 million over three years[12] - A milestone payment of €2 million was received from Bayer for the first patient dosed in a Phase I study of a kidney disease program[13] - R&D tax credits resulted in other operating income of €20.1 million in H1 2023, slightly up from €19.3 million in H1 2022[23] Cash Flow and Financing - Cash and cash equivalents increased to €459.752 million as of June 30, 2023, compared to €415.155 million at the end of 2022, representing a growth of 10.7%[64] - The company experienced a net cash inflow from financing activities of €10,480k in the first half of 2023, compared to a net outflow of €45,805k in the same period of 2022[68] - The company secured an unsecured loan facility of €150 million from the European Investment Bank to support R&D activities and the construction of a new production facility in Toulouse, France[74] Workforce and Growth - The workforce grew by 2.3% to 5,067 employees as of 30 June 2023, reflecting a net increase of 115 employees in the first half of the year[47] Market Performance - The company’s share price increased by 35% from the end of 2022 to June 30, 2023, significantly outperforming both the TecDAX and MDAX indices by more than 20%[62]
Evotec SE(EVO) - 2022 Q4 - Annual Report
2023-05-11 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ SHELL COMPANY REPORT PURSUANT TO SE ...
Evotec SE(EVO) - 2022 Q4 - Annual Report
2023-05-11 16:00
Exhibit 99.1 Notification of Major Holdings 2. Reason for notification (multiple reasons possible) 3. Details of person subject to the notification obligation | Natural person | | | | --- | --- | --- | | First name | Surname | Date of birth | Legal entity | Name including legal form (entity) | City of registered office | Country | | --- | --- | --- | | BlackRock, Inc. | New York, New York | United States of America (the) | Bundesanstalt für Finanzdienstleistungsaufsicht X Notification of Major Holdings or C ...
Evotec SE(EVO) - 2022 Q4 - Earnings Call Transcript
2023-03-28 17:18
Evotec SE (OTCPK:EVOTF) Q4 2022 Earnings Conference Call March 28, 2023 8:00 AM ET Company Participants Werner Lanthaler - Chief Executive Officer Enno Spillner - Chief Financial Officer Craig Johnstone - Chief Operating Officer Matthias Evers - Chief Business Officer Conference Call Participants Zoe Karamanoli - Royal Bank of Canada Peter Verdult - Citi James Quigley - Morgan Stanley Steven Mah - Cowen Peter Welford - Jefferies Falko Friedrichs - Deutsche Bank Christian Ehmann - Warburg Research Operator L ...
Evotec SE(EVO) - 2022 Q3 - Earnings Call Transcript
2022-11-12 20:10
Evotec SE (OTCPK:EVOTF) Q3 2022 Results Conference Call November 9, 2022 8:00 AM ET Company Participants Werner Lanthaler - Chief Executive Officer Enno Spillner - Chief Financial Officer Craig Johnstone - Chief Operating Officer Cord Dohrmann - Chief Scientific Officer Matthias Evers - Chief Business Officer Conference Call Participants Zoe Karamanoli - RBC Capital Markets Christian Ehmann - Warburg Research James Quigley - Morgan Stanley Derik de Bruin - Bank of America Peter Welford - Jefferies Joe Hedde ...
Evotec SE(EVO) - 2022 Q3 - Quarterly Report
2022-11-08 16:00
Exhibit 99.1 For further information, please contact: Volker Braun, SVP Head of Global Investor Relations & ESG, volker.braun@evotec.com, T. +49.(0)40.560 81-775, M. +49.(0)151.1940 5058, www.evotec.com INTERIM STATEMENT 9M 2022 HIGHLIGHTS EVOTEC'S TOPLINE SUCCESS REFLECTS STRONG OVERALL DEMAND SHARED R&D PLATFORMS FOR HIGHER PROBABILITIES OF SUCCESS (POS) 2 4 MULTIPLE NEW AND EXTENDED ALLIANCES IN ALL AREAS 4 PARADIGM SHIFT IN BIOLOGICS STARTING ITS MARKET ENTRY STRATEGY 4 COMMERCIAL LAUNCH OF NEXT-GENERAT ...
Evotec SE(EVO) - 2022 Q2 - Earnings Call Transcript
2022-08-13 11:29
Evotec SE (OTCPK:EVOTF) Q2 2022 Earnings Conference Call August 11, 2022 8:00 AM ET Company Participants | --- | |------------------------------------------------| | | | Dr. Werner Lanthaler - Chief Executive Officer | | Enno Spillner - Chief Financial Officer | | Cord Dohrmann - Chief Scientific Officer | | Craig Johnstone - Chief Operating Officer | | Matthias Evers - Chief Business Officer | | Conference Call Participants | | | | Zoe Karamanoli - RBC Capital Markets | | James Quigley - Morgan Stanley | | ...
Evotec SE(EVO) - 2022 Q2 - Earnings Call Presentation
2022-08-13 11:28
| --- | --- | |---------------------------------------------------|-------| | | | | Accelerating precision medicine | | | Evotec SE, H1 2022 Interim Report, 11 August 2022 | | Cautionary statement regarding forward-looking statements Information set forth in this presentation contains forward-looking statements, which involve a number of risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate", "b ...
Evotec SE(EVO) - 2022 Q2 - Quarterly Report
2022-08-10 16:00
Exhibit 99.1 volker.braun@evotec.com, T. +49.(0)40.560 81-775, M. +49.(0)151.1940 5058, www.evotec.com #RESEARCHNEVERSTOPS HALF-YEAR REPORT 2022 Half-year Interim Report PUBLICATION DATE: 11 AUGUST 2022 -- For further information, please contact: Volker Braun, SVP Head of Global Investor Relations & ESG, HALF-YEAR REPORT 2022 I. MANAGEMENT REPORT 4 NEW AND EXTENDED ALLIANCES UNDERLINE SUCCESS OF GROWTH STRATEGY 4 ACQUISITION EXPANDS CAPABILITIES AND EXPERTISE IN CELL THERAPY 4 GUIDANCE FOR FULL-YEAR 2022 RE ...