Slide 1: Financial Results H1 2021
FUCHS GROUP Financial Results H1 2021 | Analyst’s Conference, 30th July 2021 | Dagmar Steinert, CFO
Slide 2: Highlights H1 2021
Highlights H1 2021 Strong H1 in challenging market environment H1 2021 Outlook FY 2021 raised €1,411 mn ▪ Growth strongly driven from ▪ Based on the positive business development in H1, optimistic Sales up 26% yoy automotive industry in China view into H2: ▪ Q2 margin sequentially weaker due to high
Slide 3: Sales development
Sales development 1,120 26% 1,411 € mn 714 697 643 653 656 638 620 616 620 504 Q1 '19 Q2 Q3 Q4 Q1 '20 Q2 Q3 Q4 Q1 '21 Q2 l3
Slide 4: EBIT development
EBIT development 112 71% 191 € mn 110 101 (92) 91 89 90 77 80 75 72 40 Q1 '19 Q2 Q3 Q4 Q1 '20 Q2 Q3 Q4 Q1 '21 Q2 l4
Slide 5: H1 2021 Group sales
H1 2021 Group sales € mn 307 10 -26 (27%) (1%) (-2%) 1,411 1,120 291 (26%) H1 2020 Organic Growth External Growth FX H1 2021 l5
Slide 6: Net operating working capital (NOWC)
Net operating working capital (NOWC) 23.4% 750 23.0% 700 21.8% 21.8% 650 624 21.0% 20.1% 600 576 19.4% 543 561 550 19.0% 495 500 17.0% 450 400 85 80 71 73 80 15.0% 350 300 13.0% 2018 2019 2020 Q1 2021 Q2 2021 NOWC (in € mn) NOWC (in %)* NOWC (in days)* * In relation to the annualized sales revenues
Slide 7: H1 2021 earnings summary
H1 2021 earnings summary KPI in € mn H1 2021 H1 2020 ▪ Sales growth strongly driven by automotive industry from China Sales 1,411 1,120 ▪ H1 gross profit margin of 35.2% 0.4 %-points up yoy; Q2 margin Cost of sales -914 -730 with 33.9% 2.7%-points lower qoq due to increasing raw material prices and
Slide 8: Europe, Middle East, Africa
Europe, Middle East, Africa ▪ Sales up 23% on prior-year period, which was hit hard by Covid-19 KPI in € mn H1 2021 H1 2020 pandemic; 6% higher than first half of 2019 Sales 850 690 ▪ Almost all countries achieve high double-digit growth Organic growth 162 (23%) -100 (-13%) ▪ Above-average rises in
Slide 9: Asia-Pacific
Asia-Pacific ▪ Strong first half with sales up 33% on first half of 2020; 19% up on KPI in € mn H1 2021 H1 2020 pre-crisis levels in first half of 2019 Sales 424 320 ▪ China remains to benefit from strong demand of automotive sector Organic growth 102 (32%) -34 (-10%) ▪ Sales higher than before the
Slide 10: North and South America
North and South America ▪ Sales around 24% higher than in the prior-year period, which was severely KPI in € mn H1 2021 H1 2020 impacted by the pandemic; 6% higher than H1 2019 thanks to acquisitions Sales 224 181 ▪ External growth of €9 million due to the acquisition of two specialty Organic growth
Slide 11: Significant raw material price increases in 2021
Significant raw material price increases in 2021 European Base Oil Price Development USGC Base Oil Price Development Asia Base Oil Price Development 300% 300% 220% 260% 260% 180% 220% 220% 180% 180% 140% 140% 140% 100% 100% 100% Jan. 21 Mar. 21 Jun. 21 Jan. 21 Mar. 21 Jun. 21 Jan. 21 Mar. 21 Jun. 21
Slide 12: Outlook FY 2021
Outlook FY 2021 Strong demand across all regions vs. raw material price increases and stressed supply chains March, 9th April, 29th July, 30th KPI* in € mn 2020 2021 2021 2021 Sales 2019 €2.7- 2,378 2.8 bn upper end Strong demand and price increases level 2020 Higher sales vs. sig. higher raw mat. E
Slide 13: FCF outlook 2021 burdened by NOWC build-up and tax payments
FCF outlook 2021 burdened by NOWC build-up and tax payments Bridge 2021 vs 2020 € mn • Payment of tax liabiity 2020 in 2021 238 • Higher advance tax payments in 2021 • Higher inventories 110 (volume and price) • Higher accounts receivables FCF bef. acq. Δ Earnings Δ Other FCF bef. acq. Δ D/A - Δ NOW
Slide 14: Financial Calendar & Contact
Financial Calendar & Contact Financial Calendar 2021 Investor Relations Contact October 29, 2021 Quarterly statement Q3 2021 FUCHS PETROLUB SE Friesenheimer Str. 17 March 18, 2022 Annual report 2021 68169 Mannheim Phone: +49 (0) 621 3802-1105 www.fuchs.com/group/investor-relations The financial cale
Slide 15: Disclaimer
Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man