Facc Ag · VIE:FACC
Facc — Q1 2023 Earnings Presentation
18 slides from Facc's earnings presentation, May 3, 2023
Slide 1: Q1 2023
May 3rd, 2023 Q1 2023 FACC AG – Confidential and/or Proprietary
Slide 2: Key Topics
2 Q1 2023 KEY TOPICS 02.05.2023 FACC AG – Confidential and/or Proprietary
Slide 3: Highlights Q1
HIGHLIGHTS Q1 ➢ 27.5 percent growth in revenue compared to the previous year ➢ A challenging supply chain environment requires extra focus ➢ Rate ramp up across the industry confirmed but with adjusted pace due to supply chain ➢ Significant airplane deals concludes in India (400 AC) and Saudi-Arabia
Slide 4: Financials
4 FINANCIALS 02.05.2023 FACC AG – Confidential and/or Proprietary
Slide 5: Revenues and EBIT
REVENUES AND EBIT Strong revenue growth compared to the previous year Revenues development Reported EBIT development in million EUR in million EUR 187,4 3,0 3,1 162,7 149,4 142,7 127,5 1,3 FACC AG – Confidential and/or Proprietary 0,0 -1,9 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2
Slide 6: Aerostructures
AEROSTRUCTURES Airbus A320 family continue to be the main project in terms of revenue Revenues development Reported EBIT development in million EUR in million EUR 2,6 70,8 1,6 1,7 61,7 1,5 58,6 54,4 48,2 FACC AG – Confidential and/or Proprietary -1,9 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q
Slide 7: Engines & Nacelles
ENGINES & NACELLES Sustainable rate increase of all programs Revenues development Reported EBIT development in million EUR in million EUR 32,9 3,3 26,1 2,4 25,7 22,6 22,9 FACC AG – Confidential and/or Proprietary 0,6 0,0 -2,5 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1
Slide 8: Cabin Interiors
CABIN INTERIORS Negative EBIT in the first quarter Revenues development Reported EBIT development in million EUR in million EUR 90,5 5,7 71,1 65,4 62,0 56,7 FACC AG – Confidential and/or Proprietary 0,5 -1,0 -4,2 -4,8 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 8
Slide 9: Free Cashflow
FREE CASHFLOW Strong increase in working capital Q1 2023 Q1 2022 in million EUR in million EUR FACC AG – Confidential and/or Proprietary 9 02.05.2023
Slide 10: Cash Flow
CASH FLOW Investments Net Working Capital in million EUR in million EUR 17,6 173,4 122,8 119,0 124,4 * 9,0 116,5 11,0 FACC AG – Confidential and/or Proprietary 8,3 * 5,5 4,3 * 4,2 3,6 8,6 * 2,5 5,5 * 1,3 4,0 1,8 2,3 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023 31.03.2022 30.06.2022 30.09.2
Slide 11: Balance Sheet Key Figures
BALANCE SHEET KEY FIGURES Development of capital figures Net Debt Leverage Development in million EUR ratio 253,9 238,1 211,5 197,0 188,6 4,97 4,25 3,53 FACC AG – Confidential and/or Proprietary 3,28 2,42 1,96 N/A 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023 2016/17 2017/18 2018/19 2019 20
Slide 12: Outlook
FACC AG – Confidential and/or Proprietary OUTLOOK STRENGTH THROUGH DIVERSITY 12 02.05.2023
Slide 13: We are seeing a positive market development
We are seeing a positive market development: ➢ Global recovery in air traffic ➢ Orders from major airlines such as Air India or Saudi Arabia FACC AG – Confidential and/or Proprietary ➢ Construction rates are continuing to rise ➢ Demand for wide-body airplanes start to pick-up ➢ Demand for 40,000 new
Slide 14: Single-Aisle Dominates Market
SINGLE-AISLE DOMINATES MARKET A320, B737, A220 & C919 ARE DOMINATING THE DEMAND 20% TYP WIDE-BODY 7,870 Aircraft A350, B787, B777 39,490 aircraft FACC AG – Confidential and/or Proprietary 80% TYPE SINGLE-AISLE 31,620 Aircrafts A320 Family & B737 Source: Airbus GMF Passenger aircraft with more than 1
Slide 15: Aircraft Demand
AIRCRAFT DEMAND 39.490 DELIVERIES UNTIL 2041 – CAGR 2022-2041: +5,4% 3.116 3.200 Deliveries 45.000 2.956 2.803 3.000 cumulated 2.659 2.800 39.490 40.000 2.522 2.392 2.600 +5,4% 2.269 35.000 2.400 2.152 2.041 2.200 1.936 30.000 1.836 2.000 1.742 1.652 1.567 1.800 25.000 1.486 1.410 1.600 1.337 1.268
Slide 16: Key Priorities 2023
KEY PRIORITIES 2023 Outlook ➢ Focus on Industry Ramp up and fully support OEM industry needs ➢ Increase Efficiency on start-up programs as planned for 2023 FY ➢ Focus on Cash Flow & Profitability increase ➢ Reduction of Net Debt through optimization working capital ➢ Start Croatia plant extension in
Slide 17: Thank You!
17 THANK YOU! 02.05.2023 FACC AG – Confidential and/or Proprietary
Slide 18: Disclaimer
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 statements. ▪ Forward-looking statements are subje