Grammer Ag · XETR:GMM
Grammer — Q1 2023 Earnings Presentation
20 slides from Grammer's earnings presentation, Apr 27, 2023
Slide 1: Financial Results Q1 2023
5 FOR 5 IN 2025 Financial Results Q1 2023 Ursensollen, April 27, 2023
Slide 2: GRAMMER Group's Q1 2023 at a glance
GRAMMER Group’s Q1 2023 at a glance KPIs Q1 2023 Q1 2022 • Group revenue grew by 14.4% to EUR 589.1 million in Q1 2023 thanks Group revenue [in EUR million] to a positive development in alle three regions (EMEA: +13.4%, AMERICAS: +3.5%; APAC: +31.8%) as well as in both divisions (Commercial Vehicles
Slide 3: Group Revenue / EBIT / operating EBIT GRAMMER (Q1 2023)
Group Revenue / EBIT / operating EBIT GRAMMER (Q1 2023) REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • FX adjusted revenue at EUR 589.3 million, +14.4% Marge -0.2% 2.0% -0.5% 2.4% (+14.4%) • Automotive EUR 368.4 million (+13.6%) 589.1 • Commercial Vehicl
Slide 4: Capital expenditure (Q1 2023)
Capital expenditure (Q1 2023) CAPITAL BY REGION* EXPENDITURE [in EUR million] [in EUR million] APAC AMERICAS 3.3 3.1 2.9 3.7 Q1 2022 +0.7% 4.6 14.3 14.4 5.2 12.1 EMEA 13.6 *CS Q1 2022: EUR 3.1 million Q1 2023 *CS Q1 2023: EUR 2.8 million • Investments in new launches, replacements of machinery and t
Slide 5: Working capital, free cashflow, net debt
Working capital, free cashflow, net debt WORKING CAPITAL FREE CASHFLOW NET DEBT [in EUR million] [in EUR million] [in EUR million] • Stable working capital despite increased business volume - revenue based increase of trade accounts receivable compensated by efficient inventory management 301 • Impr
Slide 6: Equity, leverage and gearing
Equity, leverage and gearing EQUITY LEVERAGE GEARING [in EUR million] [in %] • Stable equity at EUR 301.3 million Ratio 20.8% 21.1% (equity ratio at 21.1%) • Net profit of EUR 2.9 million • Other comprehensive income at EUR -2.7 million (foreign currency conversion of EUR -2.5 million) • Leverage im
Slide 7: Q1 2023: Revenue / EBIT / operating EBIT in EMEA
Q1 2023: Revenue / EBIT / operating EBIT in EMEA Improved profitability due to operating performance and customer compensations REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • FX adjusted revenue at EUR 329.3 million, +13.7% 4.2% 5.3% Margin 4.2% 5.2% • R
Slide 8: Q1 2023: Revenue / EBIT / operating EBIT in APAC
Q1 2023: Revenue / EBIT / operating EBIT in APAC Significant revenue and profitability increase after the COVID-19-related lockdowns in China REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • FX adjusted revenue at EUR 122.5 million (+37.5%) 7.1% 9.7% Margi
Slide 9: Q1 2023: Revenue / EBIT / operating EBIT in AMERICAS
Q1 2023: Revenue / EBIT / operating EBIT in AMERICAS Focus on success-critical phase of the turnaround project – P2P REVENUE EBIT OPERATING EBIT • FX adjusted revenue at EUR 154.0 million [in EUR million] [in EUR million and %] [in EUR million and %] (-0.1%) -10.6% -7.0% Margin -11.0% -5.8% • Revenu
Slide 10: Quarterly overview
Quarterly overview Revenue and margin development Revenue in EUR m GROUP APAC Operating EBIT Margin in % 559 566 589 12,0 15.1 14.9 15.4 6,0 504 498 515 520 11.4 12.0 469 432 10.3 9.9 5.9 7.4 8.6 2,0 Commercial Vehicles 4.2 115 129 121 117 1,0 2.4 2.5 2.4 103 103 85 89 88 -8,0 Commercial Vehicles Au
Slide 11: Outlook
OUTLOOK NG April 27, 2023 GRAMMER
Slide 12: Outlook 2023: Stable revenue and strong earnings growth
Outlook 2023: Stable revenue and strong earnings growth Revenue Operating EBIT Stable revenue to around EUR 2.2 billion Operating EBIT doubles to around (2022: EUR 2.2 billion) EUR 70 million (2022: EUR 35.5 million) Key lever for increasing EBIT from P2P AMERICAS project Burdens may arise in connec
Slide 13: Exhibitions Northamerica: ConExpo & ProMat 2023, 14 – 23 March
Exhibitions Northamerica: ConExpo & ProMat 2023, 14 – 23 March April 27, 2023 Financial Results Q1 2023 13 © GRAMMER AG
Slide 14: Exhibition China: Auto Shanghai 2023, 18 – 27 April
Exhibition China: Auto Shanghai 2023, 18 – 27 April April 27, 2023 Financial Results Q1 2023 14 © GRAMMER AG
Slide 15: Q&A
Q&A April 27, 2023
Slide 16: Legal disclaimer
GRAMMER Group Legal disclaimer By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purpose
Slide 17: Thank you for your attention. We deliver what matters.
Thank you for your attention. We deliver what matters. Contact Investor Relations Tanja Bücherl Phone: +49 9621 66 - 2113 E-mail: tanja.buecherl@grammer.com
Slide 18: Key figures Q1 2023
Key figures Q1 2023 April 27, 2023
Slide 19: Key figures Q1 2023 overview by region and segment
Revenue Group operating EBIT Employees by region 1 Revenue by segment 2 Wert Wert 589.1 Average for the year 13.9 EUR million AMERICAS: AMERICAS: EUR million EUR million 4,857 159.5 APAC: APAC: EBIT margin Capital expenditure 1,453 117.4 2.0% 14.4 EUR million Wert 14,393 Wert 589.1 Operating EBIT ma
Slide 20: Key figures
Key figures [IFRS, in € million] Q1 2023 Q1 2022 FY 2022 Group Revenue 589.1 515.0 2,158.8 EBIT 11.7 -1.2 -45.0 EBIT Margin in % 2.0 -0.2 -2.1 Operating EBIT 13.9 -2.5 35.5 Operating EBIT Margin in % 2.4 -0.5 1.6 Net Profit 2.9 -8.0 -78.6 EPS in € 0.19 -0.53 -5.26 Total Assets 1,428.9 1,518.9 1,444.