Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q3 2021 Earnings Presentation
30 slides from Rosenbauer International's earnings presentation, Nov 16, 2021
Slide 1: Investor & Analyst Presentation Q3 2021 Financial Figures
Rosenbauer Group Rosenbauer Group Investor & Analyst Presentation I Q3 2021 Financial Figures Sebastian Wolf I CFO Person Date November 16, 2021
Slide 2: Disclaimer
Disclaimer This presentation was produced by Rosenbauer International AG (Rosenbauer for short) for informational purposes only. Despite the greatest care taken by Rosenbauer, no guarantee is given for the correctness and completeness of the content. This presentation may not be reproduced, transmit
Slide 3: Agenda
Agenda 1. Rosenbauer Group at a glance 2. Q3 2021 financial figures 3. Outlook Q&A
Slide 4: Rosenbauer Group at a glance
~~ Rosenbauer Group at a glance Vi
Slide 5: Equity story
Equity story GLOBAL MARKET LEADER INNOVATION LEADER ■ System provider of fire-fighting equipment and ■ High R&D expenditures, Rosenbauer Group holds preventive fire protection around 220 patents ■ Globally leading ■ Pioneer in producer of fire-fighting sustainability vehicles technologies ■ 14.5% RB
Slide 6: Global market leader 2019/20
Global market leader 2019/20 ■ 2019 global firefighting vehicle market volume: 5,050 Mio. € (2018: 4,810 Mio. €) ■ Approx. 20,600 vehicles (2018: 19,500) ■ 2019 value-based market share in vehicles: 14.5% (2018: 14.3%) ■ Buyers are mainly public institutions Ranking of fire fighting manufacturers 20
Slide 7: Rosenbauer is quickly progressing towards fleet electrification
Rosenbauer is quickly progressing towards fleet electrification ■ Rosenbauer Group is quickly progressing on the path to an electrified vehicle fleet (municipal, industrial, aerial) ■ With the apparatus vehicle logistics on Volvo FL Electric and the „Revolutionary Technology“ (RT) model series it ha
Slide 8: COVID-19 pandemic: Risks for the Rosenbauer Group
COVID-19 pandemic: Risks for the Rosenbauer Group Risks Customers ■ Delays of vehicle handovers ■ Temporary ‘campaign’ production at the PANTHER line in Leonding, order intake is currently shaped by large orders Supply chain ■ Poor availability of parts, late deliveries, price increases ■ Shortage o
Slide 9: Q3 2021 financial figures
EHR | ERW > ae a] -_.. Q3 2021 financial figures
Slide 10: Rosenbauer Group highlights
Rosenbauer Group highlights ■ The Rosenbauer Group generates € 649.5 million in revenues in the first nine months 2021, which is 9 % below the comparable period of last year but still at a historically high level ■ Supply chain issues delay the completion and handover of vehicles and lead to an incr
Slide 11: Revenues and EBIT quarterly
Revenues and EBIT quarterly € million 50 357.4 363.6 45 330.3 40 36.8 255.9 35 31.8 32.5 241.9 232.9 218.8 219.9 225.1 30 199.3 206.2 201.4 175.8 25 20.0 20 15 9.9 8.9 10 7.0 4.3 5 3.1 0.4 3.6 2.1 1.1 0 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Revenues EBIT Inves
Slide 12: Key financial figures
Key financial figures in € million 1-9 2019 1-9 2020 1-9 2021 Change Revenues 614.5 713.9 649.5 -9.0% Operating performance 757.7 744.4 693.7 -6.8% EBIT 15.1 25.4 12.9 -49.2% EBIT margin 2.5% 3.6% 2.0% - EBT 9.9 21.6 8.4 - Net profit for the period 9.0 17.3 6.8 - Cash flow from operating -136.3 -39.
Slide 13: Revenues development
Revenues development € million ■ Revenues of -9.0% Rosenbauer Group 713.9 -0.1 -19.0 below previous -25.3 -3.0 -16.9 year´s figure, but still -0.1 649.5 at a historically high level ■ Only CEEU area manages to keep deliveries constant ■ NISA area, APAC area and CEEU area with strong growth of 1-9 20
Slide 14: EBIT development
EBIT development € million ■ Lower operating performance -49.2% +0.1 -2.0 weighs on EBIT in 25.4 -11.3 1-9/2021 ■ APAC area with higher EBIT in +2.4 -1.4 spite of decreasing -0.3 12.9 revenues ■ CEEU area with stable earnings 1-9 2020 CEEU CEEU NISA MENA APAC APAC NOMA NOMA PFP 1-9 2021 Area EBIT -1
Slide 15: Investments
Investments CAPEX, depreciation and amortization € million 15.7 14.7 12.6 13.0 11.7 11.0 1-9 2019 1-9 2020 1-9 2021 Investments Depreciation and amortization ■ Improvement of efficiency at plant I, Leonding ■ Expansion of production site in Radgona ■ Next steps of SAP S4/Hana roll-out Investor Prese
Slide 16: Statement of financial position – key figures
Statement of financial position – key figures Change in € million 09/30/2020 12/31/2020 09/30/2021 1-9 2021 / FY 2020 Total assets 1,008.0 909.5 983.8 - 2.4% Equity ratio 25.9% 31.6% 28.1% - Capital employed (ø) 709.2 656.4 670.5 - 5.5% ROCE 3.6% 8.8% 1.9% - ROE 8.4% 19.0% 3.0% - Net debt 407.3 289.
Slide 17: Trade working capital and financing
Trade working capital and financing Trade Working Capital TRADE WORKING CAPITAL Financing FINANCING € million € million € million € million 80% 1,044.2 1,044.2 978.1 450 425.6 190,0% 1000 407.3 400 182.9% 381.2 170,0% 55.0% 60% 51.2% 350 750 48.8% 155.7% 150,0% 300 276.3 261.5 537.7 534.3 40% 250 23
Slide 18: Update CCC Optimization (2/2)
Update „CCC Optimization“ (2/2) Reduction of cash conversion cycle (day) and trade working capital (€ million) 170 167 534.3 509.7 81 69 44 43 187 178 18 18 -5% -5% DIO DSO DDO DPO Q3 2020 Q3 2021 CCC TWC * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding – Days Downpaymen
Slide 19: Outlook
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Slide 20: Order intake / backlog
Order intake / backlog Order intake/backlog Order intake Q3 2021 € million by Area (Q3 2020) 1,223.8 1,164.8 1,093.6 1,074.4 PFP 3% (3%) NOMA 803.4 789.9 26% (29%) 784.1 781.1 CEEU 660.0 39% (36%) 654.4 € 781.1m APAC 11% (9%) NISA 11% (10%) MENA 10% (13%) 1-9/2017 1-9/2018 1-9/2019 1-9/2020 1-9/2021
Slide 21: Outlook
Outlook ■ The global economic recovery is continuing, even as the pandemic resurges. In October the International Monetary Fund (IMF) has adjusted its projection for the global economic growth to 5.9 % in 2021, which is 0.1 percentage point lower than before. ■ The downward revision reflects a downg
Slide 22: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 23: Appendix
Appendix Investor Presentation I 23
Slide 24: Executive Board and employee figures
Executive Board and employee figures Dieter Siegel Sebastian Wolf Andreas Zeller Daniel Tomaschko CEO CFO CSO CTO Corporate Development I Human Audit I Controlling I Accounting/Tax I Area CEEU I Area NISA I Area APAC I Supply Chain Management I Central Resources I Strategy I Innovation & Treasury I
Slide 25: Selected megatrends driving the fire-fighting industry
Selected megatrends driving the fire- fighting industry Neo-ecology / Mobility Urbanization Silver society / Gender shift ■ Global warming ■ Since 2007 more than half of the ■ Demographic development will world population lives in cities significantly influence the availability ■ Higher scale of dev
Slide 26: Worldwide network of production, service and sales locations
Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Graz Telfs FRANCE Chambéry Meyzieu GERMANY Karlsruhe Luckenwalde Mogendorf and Gladbeck Bad Abbach-Lengfeld Viersen ITALY Rovereto Andrian POLAND Warsaw AMERICA MIDDLE EAST / ASIA/ RUSSIA Moscow Lyons, Sout
Slide 27: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31 2020) Municipal vehicles 42% ARFF Fire & Safety vehicles Equipment Vehicles 78% 15% Aerials Customer Service 14% 7% Industrial Preventive Fire 8% Protection vehicles 7% 3% 4% sonstige Umsätze Investo
Slide 28: Balance sheet structure (in € million)
Balance sheet structure (in € million) 983.8 1,008.0 1,008.0 983.8 Assets 954.2 954.2 Provisions 54.9 56.7 47.7 217.6 233.8 204.0 254.2 251.6 231.4 Liabilities and 311.3 248.0 other debt 263.8 Receivables 232.6 261.5 276.3 and other assets Equity 486.2 479.1 502,2 442.5 437.4 399.2 Inventories Inter
Slide 29: Rosenbauer share
Rosenbauer share Investor FR 6% 1-9/2020 1-9/2021 Highest price in € 45.4 58.0 BVG * Free float** 51% 43% Lowest price in € 23.0 36.3 Closing share price in € 33.4 48.8 Market capitalization in € million 227.1 331.8 * Rosenbauer Beteiligungsverwaltung GmbH ** The non-voting right registered shares a
Slide 30: Financial calendar
Financial calendar February 18, 2022 Publication of the preliminary results 2021 April 8, 2022 Publication of the full-year 2021 financial figures May 10, 2022 Publication of the interim statement Q1 2022 May 13, 2022 30th Annual General Meeting, Linz August 12, 2022 Publication of the half-year 202
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