Oc Oerlikon Corporation Ag · SIX:OERL
Oc Oerlikon — Q2 2022 Earnings Presentation
15 slides from Oc Oerlikon's earnings presentation, Aug 3, 2022
Slide 1: Q2 2022 Financial Results
Q2 2022 Financial Results 3 August 2022 Page 1
Slide 2: Overview Q2
Overview Q2 Strong Q2 performance confirming growth strategy +19.5% +21.2% FX adj: +21.7% FX adj: +23.6% ▪ Q2 order intake +19%, including +6% from M&A 1) Orders ▪ Driven by Polymer Processing Solutions 647 773 1’289 1’563 Q2’21 Q2’22 H1’21 H1’22 +16.9% +19.7% FX adj.: +19.7% FX adj.: +22.4% ▪ Q2 sa
Slide 3: End Markets: Solid Demand Partly Offset by Market Disruptions
End Markets: Solid Demand Partly Offset by Market Disruptions Filament Non-Filament General Industrial & Automotive Aviation 33% of 2021 Group sales 19% 5% Tooling 14% 29% environment Growth Growth Growth Return to growth Recovery from Market as shortages fade low levels ▪ Order book filled for 2023
Slide 4: Surface Solutions With Higher Sales and EBITDA
Surface Solutions With Higher Sales and EBITDA Markets Orders Sales Operational EBITDA ▪ Supply chain shortages impacting ▪ Orders +3.1% FX adjusted ▪ Increased +12.3% FX adjusted, ▪ Increased +3.6% customers; expect continued impacts including +2.2% from M&A 2) ▪ Stable order intake to support H2 s
Slide 5: Polymer Processing Solutions With Significant Growth
Polymer Processing Solutions With Significant Growth Markets Orders Sales Operational EBITDA ▪ Filament order book filled for 2023 and ▪ Strong order intake, driven by Filament ▪ Increased +24% driven by strong ▪ Increased +33% in Q2 YoY firmly on-track in 2024; large Filament and Non-Filament deman
Slide 6: Focus on Cash Flow and ROCE
Focus on Cash Flow and ROCE Operating FCF ROCE impacted by Net Working Capital improving H1’22 ▪ Operating FCF impacted by NWC build for H2 Q2 LTM ▪ Reached double-digit when excluding 2021 M&A 1) deliveries ▪ Ambition of sustainable double-digit ROCE in the mid- 237 ▪ On-track with FY expectation t
Slide 7: Focus on Balance Sheet
Focus on Balance Sheet Solid leverage and equity ratios Net debt / operational Equity ratio EBITDA ratio 1.0 Commitment to strong balance 33% sheet ▪ Commitment to maintaining a prudent financial policy and strong balance sheet ▪ Expect net debt / EBITDA ratio to improve towards YE H1’22 H1’22 Equit
Slide 8: Conclusion: Well-Positioned for Profitable & Sustainable Growth
Conclusion: Well-Positioned for Profitable & Sustainable Growth Sales growth 1) 22% ▪ Surface Solutions demand driven 15% by sustainability and efficiency 6% 4-6% 1 Sales growth ▪ Polymer Processing Solutions demand driven by rising GDP and C-19 limited alternative resources; ongoing market extensio
Slide 9: cerlikon
cerlikon
Slide 10: Appendix
cerlikon Appendix
Slide 11: Q2 Reconciliation of Profitability Measures
Q2 Reconciliation of Profitability Measures EBITDA to EBIT bridge Group Surface Solutions Polymer Processing Solutions in CHF million Q2' 22 Q2' 21 Q2' 22 Q2' 21 Q2' 22 Q2' 21 EBITDA 125 112 61 62 65 49 Depreciation -34 -33 -26 -27 -7 -6 Impairments -1 -1 -1 -1 -- -0 EBITA 90 77 35 34 58 43 Amortiza
Slide 12: YTD Reconciliation of Profitability Measures
YTD Reconciliation of Profitability Measures EBITDA to EBIT bridge Group Surface Solutions Polymer Processing Solutions H1'22 H1'21 H1'22 H1'21 H1'22 H1'21 EBITDA 237 200 118 115 123 82 Depreciation -67 -65 -52 -53 -14 -10 Impairments -1 -1 -1 -1 -- -- EBITA 170 134 65 61 109 71 Amortization of Acqu
Slide 13: Return on Capital Employed (ROCE)
Return on Capital Employed (ROCE) 2021 H1'22 12.1% EBIT 220 250 - Total current income tax -66 -68 - Total deferred income tax 11 5 8.6% 8.2% NOPAT 165 187 7.6% 7.0% 5.7% Net Operating Assets 2'204 2'235 + Current income tax receivables 34 21 3.1% + Deferred tax assets 145 124 - Current income tax p
Slide 14: Investor Relations
Investor Relations Stephan Gick Stephan.gick@oerlikon.com +41 58 360 98 50 Peter Dickson Peter.dickson@oerlikon.com +41 58 360 96 39 ir@oerlikon.com www.oerlikon.com/en/investors
Slide 15: Disclaimer
Disclaimer OC Oerlikon Corporation AG, Pfäffikon, (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the trut