Sbo Ag · VIE:SBO
Sbo — Schoeller-Bleckmann Oilfield Equipment — FY2024 Earnings Presentation
16 slides from Sbo's earnings presentation, Mar 20, 2025
Slide 1: Capital Markets Update
Capital Markets Update 2 0 M A RCH 2 02 5
Slide 2: Important information
| 2 Important information This company presenta tion and the information contained are, unless noted sepa rately, proprietary to Schoeller-Bleckmann Oilfield Equipment AG (SBO) and not meant to be reproduced or distributed to third parties. The information contained is ba sed on SBO’s current views,
Slide 3: SBO at a glance
C APITAL M ARKE TS U PD ATE 20 25 3 SBO at a glance • The global market leader in the manufacture of high-alloy, non-magnetic steel, high-precision components and high-tech equipment for the energy sector • Outstanding materials know-how, high-precision manufacturing and customer- centric innovation
Slide 4: Successful due to global footprint and local presence in key industrial hubs
C APITAL M ARKE TS U PD ATE 20 25 4 Successful due to global footprint and local presence in key industrial hubs High-Precision Components Advanced Advanced Additive Manufacturing Manufacturing & Services High-Strength Non-Magnetic Steel High-Tech Service & Repair High-Performance Drilling Motors Ci
Slide 5: Business results 2024
Business results 2024 K L A US M A D ER, C EO C A M PBEL L M A C PH ERS ON , C OO
Slide 6: 2024 Business Highlights
C APITAL M ARKE TS U PD ATE 20 25 6 2024 Business Highlights • Solid results and high cash flow in a challenging market environment with a weak US market and slowdown of customer demand in AMS as of mid 2024 • SBO navigated these market dynamics while making solid progress in strategic efforts • Gro
Slide 7: 2024 Key Financial Highlights
C APITAL M ARKE TS U PD ATE 20 25 7 2024 Key Financial Highlights EBITDA at 18.2% and Free cash flow Sales remained at EBIT margin of 12.5% doubled y/y; high level of despite market cash position up to MEUR 560 headwinds MEUR 315 Further reduction Strong Dividend of of net debt to balance sheet EUR
Slide 8: Solid earnings performance in a challenging market environment
C APITAL M ARKE TS U PD ATE 20 25 8 Solid earnings performance in a challenging market environment • Sales remained at high level with lower sales in in MEUR 2024 2023 the AMS-division largely offset by higher sales in Sales 560.4 585.9 the OE business. EBITDA 101.9 131.3 • EBITDA and EBIT margins d
Slide 9: Market expansion in OE drove top line, while AMS declined in H2
C APITAL M ARKE TS U PD ATE 20 25 9 Market expansion in OE drove top line, while AMS declined in H2 • SBO’s Group sales declined by a moderate 4.3%. • Advanced Manufacturing & Services (AMS) -4.3% was impacted by the industry’s cautious -4.9% 425.6 437.2 investment behavior in H2. • Oilfield Equipme
Slide 10: EBIT remained solid with OE significantly improving in H2
C APITAL M ARKE TS U PD ATE 20 25 10 EBIT remained solid with OE significantly improving in H2 • EBIT margin at 12.5% despite declines in both segments. • AMS was impacted by lower sales and capacity utilization in H2 2024. • OE faced challenging US market dynamics and one-off expenses in H1 2024 du
Slide 11: Free cash flow doubled mainly due to lower working capital
C APITAL M ARKE TS U PD ATE 20 25 11 Free cash flow doubled mainly due to lower working capital • Free cash flow doubled due to reduced working FREE CASH FLOW capital and slightly lower capex. 70.0 in MEUR 60.0 • Working capital declined in 2024 leading to a MEUR 22.3 cash inflow compared to a 50.0
Slide 12: Balance sheet remains very strong with MEUR 315 in cash
C APITAL M ARKE TS U PD ATE 20 25 12 Balance sheet remains very strong with MEUR 315 in cash • Equity up to MEUR 493, reflecting an Total assets: MEUR 986 equity ratio of 50.0% (2023: 53.9%) despite a MEUR 150 asset increase. 17.8% Current liabilities Liquid funds 19% MEUR 175 • Cash position increa
Slide 13: ESG - Solid progress on environmental objectives
C APITAL M ARKE TS U PD ATE 20 25 13 ESG - Solid progress on environmental objectives • First year of CSRD reporting with voluntary EMISSIONS limited assurance review by group auditor. • Double materiality assessment led to deeper anchoring of ESG awareness and defined measures across the value chai
Slide 14: Outlook 2025 - Navigating short-term market dynamics
C APITAL M ARKE TS U PD ATE 20 25 14 Outlook 2025 - Navigating short-term market dynamics • Market environment remains complex in 2025, undermined by policy changes, geopolitical uncertainties and evolving global trade tensions. • International trade and tariff situation is highly dynamic. So far, t
Slide 15: Short term priorities are clear - confidence in long-term outlook remains
C APITAL M ARKE TS U PD ATE 20 25 15 Short term priorities are clear - confidence in long-term outlook remains • Advanced Manufacturing & Services: • Economic uncertainties are leading to a continued moderation in customer spending. • SBO is adjusting capacity to maintain operational efficiency. • O
Slide 16: www.sbo.at
www. s b o. a t
Schoeller-Bleckmann Oilfield Equipment — FY2024 Earnings Presentation on 6ix