Hella Gmbh & Co. Kgaa · XETR:HLE

Hella Gmbh & Co. Kgaa — Q1 FY2024 Earnings Presentation

23 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Apr 25, 2024

  1. Slide 1: HELLA Investor Update

    HELLA Investor Update Results Q1 FY 2024 (Jan 1, 2024 - Mar 31, 2024) April 25 th , 2024

  2. Slide 2: Summary

    Summary 01 Highlights 02 Financial Results Q1 FY 2024 03 Outlook FY 2024 04 Key takeaways

  3. Slide 3: Highlights

    01 Highlights

  4. Slide 4: Q1 FY 2024 highlights

    Q1 FY 2024 highlights Successful placement of promissory note loan totaling €200m • Transaction significantly oversubscribed and increased from €100m to €200m • Issued with terms of 3, 5, 7 years maturing March ‘27, ‘29, and ’31 • Serves primary to refinance a bond maturing in May ‘24 Completion of

  5. Slide 5: Solid start to the fiscal year 2024 with sales and margin development in Q1

    Solid start to the fiscal year 2024 with sales and margin development in Q1 as expected Modest sales growth within a market Operating Income and OI margin as expected environment which is slightly down at PY level ❯ Organic sales +2.2%* vs. -0.8% overall ❯ Operating Income constant at €111m, OI mark

  6. Slide 6: Financial Results Q1 FY 2024

    02 Financial Results Q1 FY 2024

  7. Slide 7: Slightly lower sales momentum in Q1 FY 2024 in market environment which is slightly down

    Slightly lower sales momentum in Q1 FY 2024 in market environment which is slightly down ❯ Organic sales Q1 FY 2024 up 2.2%*, €-30m negative FX in first 3 months ❯ Reported sales Q1 FY 2024 up by 0.6% ❯ Sales development primarily driven by growth in Lighting ❯ Electronics with positive radar busine

  8. Slide 8: Lighting with profitability improvement due to growth and savings

    Lighting with profitability improvement due to growth and savings LIGHTING ❯ Growth driven mainly outside Europe • Full consolidation of HBBL In €m Q1 FY 2023 Q1 FY 2024 External Sales (€m) 946 988 vs. LVP • Demand for latest lighting technologies from growth manufacturers of electric vehicles in As

  9. Slide 9: Electronics with margin improvements despite weaker top line

    Electronics with margin improvements despite weaker top line ELECTRONICS ❯ Slight sales decline due to customer mix effects and delayed project launches In €m Q1 FY 2023 Q1 FY 2024 • Radar business with continuous growth External Sales 763 738 vs. LVP growth YoY organic -2.2% of -0.8% • Negative cus

  10. Slide 10: LCS with further sales growth and good operational performance

    LCS with further sales growth and good operational performance LCS ❯ Organic growth due to successful spare parts business In €m Q1 FY 2023 Q1 FY 2024 • Continuous growth of the spare parts business External Sales 280 275 in Europe esp. in the UK, Poland, and Turkey YoY organic +1.4 YoY FX* -3.1% •

  11. Slide 11: Sales decline in Europe and America primarily driven by market weakness; growth in Asia

    Sales decline in Europe and America primarily driven by market weakness; growth in Asia based on one-off effect LVP global -0.8% Americas Europe Asia/ Pacific incl. RoW GROUP sales +0.6% 19 % 58 % 23 % (organic +2.2%*) of group sales of group sales of group sales Outperformance 140bps (organic 300bp

  12. Slide 12: Operating income in absolute and relative figures at prior year level

    Operating income in absolute and relative figures at prior year level – improvement of GP margin In €m Q1 FY 2023 Q1 FY 2024 YoY Change ❯ Gross Profit margin up 68bps with improved Sales 1,990 2,002 + 0.6% operating performance, positive volume & mix COGS (1,501) (1,497) - 0.3% effects and a lower m

  13. Slide 13: Net Cash Flow/Sales with a development as expected due to higher working capital and increased CAPEX

    Net Cash Flow/Sales with a development as expected due to higher working capital and increased CAPEX Net Cash Flow ❯ Net Cash Flow decreased by €13m to €51m in €m and % of sales • Higher cash flow from operating activities • Higher working capital -38 -13 ⚬ increase in receivables -51 ⚬ decrease in

  14. Slide 14: Outlook FY 2024

    03 Outlook FY 2024

  15. Slide 15: The global market is expected to be flat with around 90m vehicles produced in 2024

    The global market is expected to be flat with around 90m vehicles produced in 2024; volume decline in Europe Expected Global Light Vehicle production Expected Global Light Vehicle production in million units, S&P Global Mobility per April 2024 in million units, S&P Global Mobility per April 2024 0.0

  16. Slide 16: HELLA FY 2024 outlook expects slight improvements in sales, earnings and NCF

    HELLA FY 2024 outlook expects slight improvements in sales, earnings and NCF in a persistently volatile market environment Outlook for the period January 1, 2024, to December 31, 2024 Based on an assumed LVP production of ~90 million vehicles for the period Sales Between around € 8.1 to 8.6 billion

  17. Slide 17: Key Takeaways

    04 Key Takeaways

  18. Slide 18: Key Takeaways

    Key Takeaways ❯ Start into FY 2024 as expected • Satisfactory results in market which is slightly down • Growth performance and profitability in Q1 in line with expectations ❯ Outlook FY 2024 confirmed with moderate improvements in the key performance indicators • Ramp-up of projects expected to sup

  19. Slide 19: Appendices

    APPENDICES

  20. Slide 20: LVP production and Group sales per region

    LVP production and Group sales per region Q1 FY 2023 Q1 FY 2024 HELLA Group sales Worldwide 1,990 2,002 in €m 1,174 1,157 Europe -1.5% 393 388 Americas -1.2% 423 457 Asia/Pacific & Rest of World +8.2% Light vehicle production Worldwide 21,374 21,195 in 1.000 units 4,633 4,519 Europe -2.5% 4,558 4,57

  21. Slide 21: Upcoming events

    Upcoming events April 26, 2024 AGM FY 2023 July 23, 2024 H1 FY 2024 November 7, 2024 9M FY 2024

  22. Slide 22: Disclaimer

    Disclaimer o This document was prepared with reasonable care. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be

  23. Slide 23: -ORVIA

    -ORVIA (HELLA SS

HELLA GmbH & Co. KGaA — Q1 FY2024 Earnings Presentation on 6ix