Interroll Holding Ag · SIX:INRN
Interroll — FY2023 Earnings Presentation
38 slides from Interroll's earnings presentation, Mar 15, 2024
Slide 1: Media Conference on Financial Year 2023
Interroll Holding AG Media Conference on Financial Year 2023 March 15, 2024 1 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 2: Analyst Conference on Financial Year 2023
Interroll Group Analyst Conference on Financial Year 2023 Welcome & Group Overview Ingo Steinkrüger, CEO Results 2023 Heinz Hössli, CFO Customer Focus and Our Industries Maurizio Catino, CSO Innovations, Digitalization & Service Ingo Steinkrüger, CEO Summary and Outlook Ingo Steinkrüger, CEO 2 Media
Slide 3: Welcome & Group Overview
Interroll Group Analyst Conference on Financial Year 2023 Welcome & Group Overview, Ingo Steinkrüger, CEO Results 2023 Heinz Hössli, CFO Customer Focus and Our Industries Maurizio Catino, CSO Innovations, Digitalization & Service Ingo Steinkrüger, CEO Summary and Outlook Ingo Steinkrüger, CEO 3 Medi
Slide 4: What a year
What a year Cost Fitness Pricing strategy New customers Scalability 4 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 5: This year's results: Key figures and product areas
This year’s results Interroll product areas Key Figures for the Interroll Group (2023) Distribution Distributionofoforder orderintake intake 10.0% 18.2% Pallet Handling Rollers CHF 519.7 Mio. Order Intake CHF 556.3 Mio. Sales CHF 83.9 Mio. EBIT 40.5% 40.7% 31.1% Conveyors&&Sorters Conveyors Sorters
Slide 6: Strategic Phases 2000-2030
Strategic Phases 2000-2030 3 Phase Level of strategic achievement 2 Phase 1 • Modularity / digitalization Phase • Industry solutions • Business excellence • Platform-concept • Global footprint • Restructuring • End-user approach • Re-positioning Scalability • Divestments / Acquisitions 2000 2010 202
Slide 7: Highlights of our Growth Strategy
Highlights of our Growth Strategy Service (GLS) Solutions Product Structure Innovations EMEA Americas Asia Pacific • Increased customer base • High Performance Conveyor • Plant Digitalization • Ramp Service • Increase Sales • Digitalization strategy Platform (HPP) (ongoing) Business USA presences (I
Slide 8: The Transformation
The Transformation WHY HOW WHAT To further increase Strong focus on Introduction of Quality Customers CTO & COO role, Speed Products CSO further Simplicity Production strengthened 8 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 9: Results 2023
Interroll Group Analyst Conference on Financial Year 2023 Welcome & Group Overview Ingo Steinkrüger, CEO Results 2023 Heinz Hössli, CFO Customer Focus and Our Industries Maurizio Catino, CSO Innovations, Digitalization & Service Ingo Steinkrüger, CEO Summary and Outlook Ingo Steinkrüger, CEO 9 Media
Slide 10: Order intake: CHF 519.7m (-9.2%)
Order intake: CHF 519.7m (-9.2%) In local currency: -3.9% • Rollers: -14.9% • Drives: -10.7% • Conveyors & Sorters: -8.6% • Pallet Handling: +6.2% • Book-to-bill Ratio: 0.93 (PY: 0.86) In CHF million 10 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 11: Sales by region: CHF 556.3m (-16.3%)
Sales by region: CHF 556.3m (-16.3%) In local currency: -11.7% Sales development: 800 • EMEA: -24.3% 700 600 • Americas: -13.3% 500 • Asia-Pacific: +24.3% 400 300 200 Sales by region: 100 0 • EMEA: 52% (PY: 58%) 1912 2012 2112 2212 2312 EMEA AMERICAS ASIA • Americas: 35% (PY: 33%) • Asia-Pacific: 13
Slide 12: Sales: CHF 556.3m (-16.3%)
Sales: CHF 556.3m (-16.3%) Sales in constant FX rates since 2019 Currency impact since 2019 800 700 In millions CHF 600 Nominal Sales 500 FX neutral Sales 400 2019 2020 2021 2022 2023 12 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 13: EBIT: CHF 83.9m
EBIT: CHF 83.9m EBITDA CHF 106.3m (-17.8%) 20% in % of sales 19.1% (PY: 19.5%) 100 105,2 • Pricing, few concessions 15% 83,9 • Raw material prices and savings in purchasing 10% 50 • High cost discipline underlined 5% 0 0% EBIT CHF 83.9m (-20.2%) 1912 2012 2112 2212 2312 in % of sales 15.1% (PY: 15.8
Slide 14: Result: CHF 66.3m
Result: CHF 66.3m 100 15% 82,8 Result CHF 66.3m (-19.9%) 10% in % of sales 11.9% (PY: 12.5%) 66,3 50 • Slightly positive financing result; higher interest income was offset by higher FX 5% currency loss • Slightly lower tax rate of 20.9% 0 0% (PY 21.0%) 1912 2012 2112 2212 2312 Result in % of sales
Slide 15: Operating cash flow: CHF 113.2m (+58.5%)
Operating cash flow: CHF 113.2m (+58.5%) 25% Operating cash flow CHF 113.2m (+58.5%) 20% in % of sales: 20.4% (PY: 10.7%) 100 113,2 15% • Reduction of inventories (+25.5m) 71,4 • Reduction of trade receivables (+10.4m) 50 10% 5% Free cash flow CHF 91.1m 0 0% in % of sales: 16.4% (PY: 7.4%) 1912 2012
Slide 16: Value creation: ROE 16.5% and RONA 22.6%
Value creation: ROE 16.5% and RONA 22.6% 30,0% 20,0% 10,0% 0,0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ROE 11,1% 13,4% 12,8% 11,9% 9,9% 14,4% 16,4% 15,8% 19,0% 19,0% 23,3% 24,5% 22,4% 16,5% RONA 10,4% 9,9% 12,6% 12,2% 9,8% 15,3% 17,1% 16,5% 20,9% 22,6% 30,4% 25,4% 24,5
Slide 17: Dividend stable at CHF 32.00 per share proposed
Dividend stable at CHF 32.00 per share proposed 100 96,9 For the General Assembly on 94,4 84,0 May 3rd, 2024, it is proposed: 77,7 65,6 50 A dividend of CHF 32.00 per share (PY: CHF 32.00) 31,0 32,0 32,0 27,0 22,5 0 The payout ratio reaches 41.2% 2019 2020 2021 2022 2023 (PY: 33.0%) Payout per share
Slide 18: Dividend Development FY 2003-2023
Dividend Development Period from FY 2003-2023 35 30 25 20 15 10 5 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Dividend per share 2,50 4,00 6,00 7,00 10,50 5,00 5,00 5,00 7,00 8,00 8,80 9,00 12,00 16,00 16,50 22,00 22,50 27,00 31,00 32,00
Slide 19: Sustainability Report 2023
Sustainability Report 2023 Report on non-financial matters 2023 Fulfilling reporting obligations • Report on non-financial matters acc. to Art. 964 Swiss Code of Obligations • Integrated with sustainability report acc. to GRI Standards 19 Media Conference on Financial Year 2023 15 March 2024 PUBLIC
Slide 20: The way to a sustainable future
Sustainability Report 2023 Report on non-financial matters 2023 The way to a sustainable future • Adjusted 4 Impact Areas, 11 Material Topics and ca. 90 long-term strategic targets • 3 focus topics for the next years • Climate Protection • Environmental Protection • Occupational Health & Safety 20 M
Slide 21: CO2e Emissions and Carbon Footprint
Sustainability Report 2023 Report on non-financial matters 2023 CO2e-Emissions (Market-Based) 1,1% 1,1% Carbon Footprint acc. to the Greenhouse Gas Protocol Scope 1 • Interroll calculated in 2023/24 for the first time the 3,528 tCO2e Scope 3 Carbon Footprint, for both FY2022 and 1.1% 2023 0.8% 2022
Slide 22: Ecovadis assessment
Sustainability Report 2023 Report on non-financial matters 2023 Great achievements in Ecovadis assessment – All entities rated above average Sector Score Australia Brazil Switzerland Interroll Group 1 4 10 3 1 22 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 23: Customer Focus and Our Industries
Interroll Group Analyst Conference on Financial Year 2023 Welcome & Group Overview Ingo Steinkrüger, CEO Results 2023 Heinz Hössli, CFO Customer Focus and Our Industries Maurizio Catino, CSO Innovations, Digitalization & Service Ingo Steinkrüger, CEO Summary and Outlook Ingo Steinkrüger, CEO 23 Medi
Slide 24: Invoiced Sales 2023 – Results by region
Invoiced Sales 2023 – Results by region Invoiced Sales 2022 Invoiced Sales 2023 9% 13% Region Region EMEA EMEA 33% 58% 52% Americas Americas 35% APAC APAC 24 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 25: ABC Development Analysis
ABC Development Analysis • A - Big Customers • B - Medium Customers • C - Small Customers • N - New Customers • R - Recovered Customers Sales PY A B C N R 25 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 26: Customer Development Rolling 12 months
Customer Development Rolling 12 months Product vs Project Business *Non-SAP excluded | Data Source: SAP-BI Report | Figures in € 26 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 27: Rolling On Interroll (ROI) program 2023
Rolling On Interroll (ROI) program 2023 Business analysis 10% 44% 22 ROl Community contribution Of ROI partners new matchmakers, i.e. ROl to Interroll Group revenue with increase in partners with first (from 8.6 in 2022) annual spend collaborations 14 millionaires € 6.9M 11 new ROI partners in 2023,
Slide 28: Interroll Market focus
Interroll Market focus Food & Beverage Warehousing & Courier, Express & Parcel Fashion & Retail Distribution Airports Tire & Automotive Supermarket Solutions Industrial Manufacturing 28 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 29: Strategic Initiatives White Spots
Strategic Initiatives White Spots 29 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 30: Innovations, Digitalization & Service
Interroll Group Analyst Conference on Financial Year 2023 Welcome & Group Overview Ingo Steinkrüger, CEO Results 2023 Heinz Hössli, CFO Customer Focus and Our Industries Maurizio Catino, CSO Innovations, Digitalization & Service Ingo Steinkrüger, CEO Summary and Outlook Ingo Steinkrüger, CEO 30 Medi
Slide 31: Innovations
Innovations HPP – High Performance Conveyor Platform HPP Autonomous Mobile Robot (AMR) Top Module meets the demanding requirements of Courier, based on the Light Goods Conveyor Platform Express, Parcel (CEP) service provider. (LCP). 31 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © I
Slide 32: Interroll's Digital Transformation
Interroll’s Digital Transformation Focus: added value for customers Increased speed & simplicity to + meet expectations of tomorrow’s buyers (Gen Z, Alpha, ...) ERP transformation to the Cloud: accelerated business processes, simplified data Seamless customer experience based on processing and incre
Slide 33: Highlights 2023 Service (GLS) EMEA & AMERICAS
Highlights 2023 Service (GLS) EMEA & AMERICAS Service Strong improvement of reaction time for all kind of service requests Retrofit: Proof of concept with belt curve EMEA AMERICAS Spare parts sales has developed Record growth in Cañon better than market trend City 30% over budget Fully trained team
Slide 34: Customer Reference video
Customer Reference video 34 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 35: Summary and Outlook
Interroll Group Analyst Conference on Financial Year 2023 Welcome & Group Overview Ingo Steinkrüger, CEO Results 2023 Heinz Hössli, CFO Customer Focus and Our Industries Maurizio Catino, CSO Innovations, Digitalization & Service Ingo Steinkrüger, CEO Summary and Outlook Ingo Steinkrüger, CEO 35 Medi
Slide 36: Outlook
Outlook Customer and Markets Strong Innovation Pipeline Business Excellence Platform Strategy • Strategic Partnerships • Software & Controls • Cost Fitness • Deepening of technology platform • Rolling on Interroll • Sorter Destination • Breathing Production Program Platform • Interroll as trusted •
Slide 37: Time for Questions
Time for Questions We make material handling sustainable, simple, enjoyable. 37 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group
Slide 38: Contact details
Contact details Interroll Holding AG Via Gorelle 3 6592 Sant’Antonino Switzerland www.interroll.com 38 Media Conference on Financial Year 2023 15 March 2024 PUBLIC © Interroll Group