Oc Oerlikon Corporation Ag · SIX:OERL
Oc Oerlikon — Q1 2024 Earnings Presentation
12 slides from Oc Oerlikon's earnings presentation, May 7, 2024
Slide 1: Q1 2024 Financial Results
Q1 2024 Financial Results 7 May 2024 Page 1
Slide 2: Overview Q1
Overview Q1 Q1 with improved sequential orders in Polymer Processing Solutions and robust profitability in both divisions -5.6% ▪ Order intake +1.0% YoY at constant FX, including +4.8% from M&A 1) FX adj.: +1.0% 681 642 ▪ Polymer Processing Solutions up +38% vs. Q4’23; down 9% YoY FX adj. due to Ord
Slide 3: Soft end markets but some early signs of improving momentum
Soft end markets but some early signs of improving momentum Surface Solutions Polymer Processing Solutions General Ind. & Tooling Automotive Luxury Aviation Filament Non-Filament 28% of 2023 Group sales 14% 6% 8% 26% 18% Soft industrial Stable Wait-and-see Continued 1st sequential Soft PMIs; car act
Slide 4: Surface Solutions with solid sales despite soft PMIs and improved profitability
Surface Solutions with solid sales despite soft PMIs and improved profitability Markets Orders Sales Operational EBITDA ▪ Continued cautious customer ▪ Increased +9.1% FX adjusted, including ▪ Increased +7.2% FX adjusted including ▪ Improved supported by efficiency, purchasing behavior due to macro
Slide 5: Surface Solutions margins of 20%+ continue to be a key management focus
Surface Solutions margins of 20%+ continue to be a key management focus 2019-21: 2022-23: 2024 - Mid-term: Clear path to 20%+ Efficiency gains despite Unprecedented input cost Drive innovation, margin: lower sales during pressure, not yet fully operating leverage and COVID ->18.3% compensated effici
Slide 6: Polymer Processing Solutions orders improving sequentially; proactive cost control enabling robust margin
Polymer Processing Solutions orders improving sequentially; proactive cost control enabling robust margin Markets Orders Sales Operational EBITDA ▪ Filament market with sequential ▪ Improving orders compared to second ▪ Decreased –47% FX adjusted, reflecting ▪ Robust margin despite cyclically low mo
Slide 7: Q1 conclusion
Q1 conclusion Executing operationally and strategically Upside in EBITDA margin: ▪ Stable sales despite soft PMIs; 20%+ 17% 17.5-18.0% launched new coating Surface generation in Tooling Solutions ▪ Improved profitability by 122bps YoY 2019 2024 Mid- guidance term Confirming 2024 Improving price-cost
Slide 8: Oerlikon
cerlikon
Slide 9: Appendix
Appendix
Slide 10: Q1 reconciliation of profitability measures
Q1 reconciliation of profitability measures EBITDA to EBIT bridge Group Surface Solutions Polymer Processing Solutions Q1' 24 Q1' 23 Q1' 24 Q1' 23 Q1' 24 Q1' 23 EBITDA 85 114 64 58 19 55 Depreciation -29 -31 -22 -24 -6 -7 Impairments 0 0 0 0 -0 0 EBITA 56 83 42 34 13 48 Amortization of Acquired Inta
Slide 11: Investor Relations
Investor Relations Stephan Gick Stephan.gick@oerlikon.com +41 58 360 98 50 Aymeric Jamin Aymeric.jamin@oerlikon.com +41 58 360 96 59 ir@oerlikon.com www.oerlikon.com/en/investors Page 11
Slide 12: Disclaimer
Disclaimer OC Oerlikon Corporation AG, Pfäffikon, (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the trut