Slide 1: Glaston Q3 2022: Record high order intake at EUR 86.2 million
27 October 2022 Anders Dahlblom, CEO Päivi Lindqvist, CFO Glaston Q3 2022: Record high order intake at EUR 86.2 million
Slide 2: Content
Content • Q3/2022 highlights • Financial development • Outlook 2022 • Revised strategy 2021-2025
Slide 3: Q3/2022 Highlights
Q3/2022 oe) ke I Oo — I Oo T
Slide 4: Q3 2022 highlights
Q3 2022 highlights • Order intake was EUR 86.2 (45.4) million, up 90% • Net sales were EUR 47.9 (46.4) million, up 3% o For Services business, 8% net sales growth • Comparable EBITA down 23% o Q3: EUR 2.5 (3.2) million, i.e. 5.1 (6.9)% of net sales • Order backlog at EUR 142.3 (86.1) million 4 Inter
Slide 5: Q3 2022 highlights
Q3 2022 highlights • A strategically important order at EUR 31 million for multiple insulating glass lines, MULTI’ARRISSERs and machines for spacer frame production • Strong entry into the Automotive market in China by securing orders for the standard CHAMP EVO pre- processing lines • The first win
Slide 6: Architectural market Q3
Architectural market Q3 EMEA Americas APAC • EMEA, and Europe in particular, • Good demand for Heat Treatment remained the strongest market for equipment continued • In China, the architectural market Insulating Glass • For Insulating Glass, demand was slowed down. Demand for high-end • For Heat Tre
Slide 7: Automotive market Q3
Automotive market Q3 EMEA Americas APAC • In North America, the market • In Europe, the market was still • Market activity in China continued continued to be good for special very slow as the automotive glass at a good level and was supported products such as recreational and business consolidates b
Slide 8: Glaston's segments Q3 2022 in brief
Glaston’s segments Q3 2022 in brief Heat Treatment Insulating Glass Automotive & Display • After a slow start to the quarter, market • Driven by the good development in • The markets remained strong, with an activity steadily picked up the architectural business, market excellent pick-up in order in
Slide 9: Financial development
FINANCIAL DEVELOPMENT
Slide 10: Order intake hits a new record with a wide margin
Order intake hits a new record with a wide margin Group orders received, MEUR and yoy% 9m 2022 orders received by product area, MEUR and yoy% 7% 9% 54,0 47,9 28 % 11,9 28 % 66 % 201,4 87,0 157,1 90 % Heat Treatment Technologies 13 % 25 % -13 % 86,2 Insulating Glass Technologies 64,5 36 % 59,1 59,0 5
Slide 11: Slowdown in net sales growth for Q3
Slowdown in net sales growth for Q3 11 Interim Report January-September 2022 27 October 2022
Slide 12: EMEA driving Group net sales growth
EMEA driving Group net sales growth 9m 2022 net sales by region MEUR, yoy% and share of total EMEA 83.4 MEUR 54% +24% 26% Americas 40.6 MEUR 19% +3% APAC 29.8 MEUR +26% 12 Interim Report January-September 2022 27 October 2022
Slide 13: Net sales growth not sufficient to cover increased cost base, EBITA and EBITA% lower
Net sales growth not sufficient to cover increased cost base, EBITA and EBITA% lower 13 Interim Report January-September 2022 27 October 2022
Slide 14: Heat Treatment
Heat Treatment
Slide 15: Heat Treatment – Net sales dip impacting profitability
Heat Treatment – Net sales dip impacting profitability • Market continued strong - order intake up 30% MEUR 1-9 Vs 1-9 Q3 Vs Q3 • Net sales down 15% due to component 2022 2021* 2022 2021* situation, an exceptionally high comparison Order intake 69.7 6.5% 23.8 30.1% period and capacity constraints Or
Slide 16: Insulating Glass
Insulating Glass
Slide 17: Insulating Glass – Super orders, profitability under pressure
Insulating Glass – Super orders, profitability under pressure • Very strong demand continued – high growth in MEUR 1-9 Vs 1-9 Q3 Vs Q3 orders and further boost by the 31M€ record-high 2022 2021* 2022 2021* order in Europe Order intake 107.2 53.5% 55.0 185.0% • Net sales up 14%, component shortages a
Slide 18: Automotive & Display
Automotive & Display
Slide 19: Automotive & Display – From break-even to over 9% EBITA margin
Automotive & Display – From break-even to over 9% EBITA margin • Low machine orders, services order intake MEUR 1-9 Vs 1-9 Q3 Vs Q3 grew slightly 2022 2021* 2022 2021* • Net sales increased 33% supported by the Order intake 23.8 12.3% 7.2 -4.0% order intake pick-up in the previous quarters Order bac
Slide 20: Good working capital performance, gearing declined to 27%
Good working capital performance, gearing declined to 27% 20 Interim Report January-September 2022 27 October 2022
Slide 21: Outlook
OUTLOOK 2022
Slide 22: Glaston's specified outlook for 2022
Glaston’s specified outlook for 2022 Taking into account the prevailing uncertainties, Glaston Corporation estimates that its net sales will increase in 2022 from the levels reported for 2021 and comparable EBITA will increase to EUR 12−14 million. In 2021, Group net sales totaled EUR 182.7 million
Slide 23: Questions
QUESTIONS
Slide 24: Financial reports in 2023
Financial reports in 2023 Financial Statement Bulletin 2022, on 9 February 2023 Interim report January-March 2023, on 26 April 2023 Half year financial report January-June 2023, on 1 August 2023 Interim report January-September 2023, on 26 October 2023
Slide 25: This interim report provides future prospects involving risk and uncertainty factors
This interim report provides future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation, or achievements of Glaston may substantially deviate from the estimates. Forward-looking statements relating to future prospects are subject to ris
Slide 26: Thank you!
> www.glaston.net Thank you! IR-contact: pia.posio@glaston.net 26 Interim Report January-September 2022 27 October 2022