Facc Ag · VIE:FACC

Facc — Q1 2021 Earnings Presentation

21 slides from Facc's earnings presentation, May 5, 2021

  1. Slide 1: Q1 2021 – Beyond Horizons

    BEYOND HORIZONS | Qi 2021 5th May 2021 a

  2. Slide 2: Q1/2021 Key Topics

    Q1/2021 KEY TOPICS Robert Machtlinger (CEO)

  3. Slide 3: Q1 / 2021 Key Topics

    FACC AG | Confidential and/or Proprietary Q1 / 2021 KEY TOPICS > Aviation market continued to stabilize in Q1/2021 > Revenues of EUR 118.1 million in Q1/2021 in line with FACC expectations > 2020 implemented cost reduction programs are effective > Q1 /2021 EBIT positive at EUR 0.4 million > Positive

  4. Slide 4: Aerospace Market

    AEROSPACE MARKET

  5. Slide 5: Business Environment

    FACC AG | Confidential and/or Proprietary BUSINESS ENVIRONMENT Accuracy of forecasts improving > Customer demands and associated aircraft build rates are stabilized > Air traffic recovery ongoing but uneven – between world economic regions – domestic versus international travel > Worldwide vaccinati

  6. Slide 6: Global Market Overview

    FACC AG | Confidential and/or Proprietary GLOBAL MARKET OVERVIEW Recovery with different patterns World markets  China has recovered in terms of RPK despite the fact that international travel is still subdued  US still lagging behind PRE-COVID19 RPK  Europe is lagging due to domestic and internat

  7. Slide 7: Global Market Overview

    FACC AG | Confidential and/or Proprietary GLOBAL MARKET OVERVIEW Recovery with different patterns US traffic with a strong rebound  Some early recovery in H2/2020  US vaccination program fuels demand for air travel  Increase still highly dependent on domestic travel  International travel picking

  8. Slide 8: Global Market Overview

    FACC AG | Confidential and/or Proprietary GLOBAL MARKET OVERVIEW OEM deliveries stabilizing Q1 /2021 airplane deliveries 225 145  Airbus delivered 125 aircraft in Q1 2021 122 125 (+3 compared to Q1 2020) 74 77 50 59 28  Boeing delivered 77 aircraft in Q1 2021 20 (+27 compared to Q1 2020) Q1 2020 Q

  9. Slide 9: Financials

    FINANCIALS Aleš Stárek (CFO)

  10. Slide 10: Revenues

    FACC AG | Confidential and/or Proprietary REVENUES Stable customer demands support revenue generation Revenues Revenue details in million EUR  1st quarter largely in line with management expectations 195,4  Revenues dropped 39.6 % as comparative quarter of 2020 was not impacted by COVID-19 pandemi

  11. Slide 11: EBIT

    FACC AG | Confidential and/or Proprietary EBIT Cost reduction programs implemented and working EBIT EBIT improvements in million EUR  FACC’s cost structure has been successfully 11,3 adjusted to the new market environment 0,4  Stable customer demands allowed a balanced EBIT in Q1  Engines & Nacel

  12. Slide 12: Aerostructures

    FACC AG | Confidential and/or Proprietary AEROSTRUCTURES Long-haul exposure weighing on recovery Revenue EBIT in million EUR in million EUR 4,9 70,3 49,3 -0,8 39,9 -6,6 -5,8 32,5 32,6 -19,2 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 12

  13. Slide 13: Engines & Nacelles

    FACC AG | Confidential and/or Proprietary ENGINES & NACELLES EBIT supported by B787 transfer Revenue EBIT in million EUR in million EUR 46,3 2,2 2,0 28,3 26,6 24,9 17,4 -6,6 -8,0 -10,5 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 13

  14. Slide 14: Cabin Interiors

    FACC AG | Confidential and/or Proprietary CABIN INTERIORS Narrowbody and business jet exposure supportive Revenue EBIT in million EUR in million EUR 78,7 4,2 51,5 54,2 49,9 42,4 -0,8 -5,3 -7,5 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q1 2021 -16,1 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 14

  15. Slide 15: Free Cash Flow

    FACC AG | Confidential and/or Proprietary FREE CASH FLOW Repayment of deferred taxes/social contributions dragged down free CF Free cash flow – Q1 2020 Free cash flow – Q1 2021 in million EUR in million EUR 1) 15 1) reflects tax repayments and part of factoring adjustments

  16. Slide 16: Financial Status as of March 31, 2021

    FACC AG | Confidential and/or Proprietary FINANCIAL STATUS AS OF MARCH 31, 2021  Waiver agreement with banks moves next testing of leverage to 31.12.2021  Requirement: Net financial debt / EBITDA equal or less than 5.25  EUR 150 million in unused credit facilities available Senior Debt and Cash (

  17. Slide 17: Outlook

    OUTLOOK

  18. Slide 18: Outlook 2021

    FACC AG | Confidential and/or Proprietary OUTLOOK 2021 Focus on Cost, Cash Flow & New Business  Continue to secure safety and health of our people  Uncompromised performance towards customer demands  Execute 2021 cost reduction initiative  Transformation of FACC supply chain to raise efficiencie

  19. Slide 19: Outlook 2021

    FACC AG | Confidential and/or Proprietary OUTLOOK 2021 From today's perspective, the outlook for the 2021 financial year given by FACC upon publication of the 2020 Annual Report on 24 March 2021 remains unchanged. Given the expected revenue development as well as the already initiated and additional

  20. Slide 20: Disclaimer

    FACC AG | Confidential and/or Proprietary DISCLAIMER  This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate', 'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-looking statemen

  21. Slide 21: FACC AG – Confidential and/or Proprietary

    FACC AG – Confidential and/or Proprietary

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