Slide 1: Financial Results 9M 2024
FUCHS GROUP Financial Results 9M 2024 | Analyst Conference, 30th October 2024 | Isabelle Adelt, Chief Financial Officer | Lutz Ackermann, Head of Investor Relations
Slide 2: Highlights 9M 2024
HIGHLIGHTS 9M 2024 STRONG NINE-MONTH RESULT IN CHALLENGING MARKET ENVIRONMENT €2,666 mn Slightly lower sales from currency 9M 2024 Outlook FY 2024 confirmed Sales: ~ €3.6 bn Sales down 1% yoy effects EBIT: ~ €430 mn EBIT growth driven by all regions; €334 mn margin at 12.5% reflecting furthe
Slide 3: Sales Development
SALES DEVELOPMENT 3% € mn 936 902 902 886 876 877 887 870 832 843 808 742 714 718 Q2 '21 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 Q4 Q1 '24 Q2 Q3 l3
Slide 4: EBIT Development
EBIT DEVELOPMENT 3% € mn 113 116 107 111 100 103 100 97 90 93 88 87 85 84 Q2 '21 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 Q4 Q1 '24 Q2 Q3 l4
Slide 5: 9M 2024 Group Sales
9M 2024 GROUP SALES € mn 2,698 7 2,666 -4 -35 (0%) (0%) (-1%) -32 (-1%) 9M 2023 Organic External Currency 9M 2024 l5
Slide 6: 9M 2024 KPI Summary
9M 2024 KPI SUMMARY KPI in € mn 9M 2024 9M 2023 Sales down 1% due to currency effects; good business development compensates for price adjustments Sales 2,666 2,698 Gross margin at 34.6%, well above previous year’s figure of 31.9% Cost of sales -1,744 -1,836 driven by lower raw material costs Gr
Slide 7: Europe, Middle East, Africa
EUROPE, MIDDLE EAST, AFRICA Sales down 1% from price adjustments in almost all companies; KPI in € mn 9M 2024 9M 2023 overall moderate business growth Sales 1,544 1,566 External growth through acquisition of LUBCON Group in July Organic growth -31 (-2%) 91 (6%) Positive currency effects from P
Slide 8: Asia-Pacific
ASIA-PACIFIC KPI in € mn 9M 2024 9M 2023 Sales remain at the previous year’s level Sales 739 738 Organic growth of 3% due to positive business development, Organic growth 19 (3%) 90 (13%) especially from Australia and China; India also continuing its upward trend External growth - - Negative c
Slide 9: North and South America
NORTH AND SOUTH AMERICA KPI in € mn 9M 2024 9M 2023 Sales 511 523 Sales down 2% mainly due to high negative currency effects Organic growth 7 (2%) 63 (13%) Price increases in South America as a result of hyperinflation in Argentina are offset by price adjustments in North America External growth
Slide 10: Net Liquidity
NET LIQUIDITY Free cash flow before acq. €194 mn 26 € mn 235 22 -89 -79 112 -146 -100 -41 -60 Net liq. Dec. Earnings D&A ./. NOWC Other SBB Dividend Acquisitions Other Net liq. Sept. 2023 after tax Capex Changes Changes 2024 l 10
Slide 11: Net Operating Working Capital (NOWC)
NET OPERATING WORKING CAPITAL (NOWC) Q3 24 vs Q4 23: Inventories +€53 mn Rec. ./. Liab. +€57 mn € mn Rec. ./. Liab.* Inventories 871 NOWC (in %) 823 839 798 729 236 671 262 261 262 205 543 164 495 577 635 537 561 162 507 524 136 381 359 25.0% 22.6% 22.7% 23.2% 23.3% 21.8% 21.6% 19.4% Q4 2019 Q4 2020
Slide 12: Different Price Developments for Raw Material Basket
DIFFERENT PRICE DEVELOPMENTS FOR RAW MAT. BASKET Q3 Q4 and beyond Different price trends regionally: US prices higher due to hurricane Base season; Europe slightly lower; Pricing expected to be largely Oils Asia with further reductions on stable across all regions light grades while heavy grades rem
Slide 13: 2024 Outlook Marking a Step Towards EBIT Target 2025
2024 OUTLOOK MARKING A STEP TOWARDS EBIT TARGET 2025 March, 12th October, 30th: Confirming 2023 2024 outlook from KPI* in € mn March,12th Sales 3,541 ~ 3,600 Slight sales growth mainly volume-driven, assuming mostly stable prices EBIT 413 ~ 430 Strict cost management vs. inflation- and S/4 Hana roll
Slide 14: Fuchs Capital Market Day 2024 - Register Now
FUCHS CAPITAL MARKET DAY 2024 REGISTER NOW December 5th 2024 (evening dinner on December 4th 2024) Pfronten @ DMG MORI Registration closes soon – secure your spot now To join our distribution list, please send your contact details to ir@fuchs.com
Slide 15: Financial Calendar & Contact
FINANCIAL CALENDAR & CONTACT Financial Calendar 2024/25 Investor Relations Contact FUCHS SE March 21, 2025 Annual Report 2024 Einsteinstr. 11 68169 Mannheim April 30, 2025 Quarterly Statement Q1 2025 Phone: +49 (0) 621 3802-1110 www.fuchs.com/group/investor-relations May 7, 2025 Annual General Meeti
Slide 16: Q&A
FUCHS GROUP Financial Results 9M 2024 | Q&A
Slide 17: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man