Hella Gmbh & Co. Kgaa · XETR:HLE

Hella Gmbh & Co. Kgaa — 9M FY2020/21 Earnings Presentation

22 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Apr 14, 2021

  1. Slide 1: HELLA Investor Update 9M FY2020/21

    HELLA Investor Update 9M FY2020/21 Conference Call on April 14, 2021 Dr. Rolf Breidenbach, CEO Bernard Schäferbarthold, CFO HF-7761DE_C (2012-12)

  2. Slide 2: Disclaimer

    Disclaimer 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 co

  3. Slide 3: Outline

    HELLA Investor Update 9M FY2020/21 Outline ■ HELLA Financial Highlights 9M FY2020/21 ■ HELLA Financial Results 9M FY2020/21 ■ Outlook ■ Q&A 3 HELLA Investor Update 9M FY2020/21, Conference Call on April 14, 2021

  4. Slide 4: Sales virtually at prior-year's level, adjusted EBIT margin strong at 8.0% in 9M FY2020/21

    Sales virtually at prior-year’s level, adjusted EBIT margin strong at 8.0% in 9M FY2020/21 Financial Highlights 9M FY2020/21 ■ HELLA Group currency and portfolio adjusted sales declined by Sales 0.3% YoY to 4.7 bill. EUR ■ Adj. Gross Profit margin at 25.1% (-0.6%-points YoY) ■ Adj. EBIT at 373 mill.

  5. Slide 5: Automotive outperforms in Europe, Americas, and Asia: global underperformance impacted by China

    Automotive outperforms in Europe, Americas, and Asia: global underperformance impacted by underperformance in China Financial Highlights 9M FY2020/21 9M 9M 9M 9M Worldwide 9M FY18/19 9M FY19/20 9M FY20/21 Details FY17/18 FY18/19 FY19/20 FY20/21 Worldwide 3,905 4,208 4,117 4,000 Automotive external s

  6. Slide 6: Outline

    HELLA Investor Update 9M FY2020/21 Outline ■ HELLA Financial Highlights 9M FY2020/21 ■ HELLA Financial Results 9M FY2020/21 ■ Outlook ■ Q&A 6 HELLA Investor Update 9M FY2020/21, Conference Call on April 14, 2021

  7. Slide 7: HELLA sales development better than assumed due to faster than expected market recovery

    HELLA sales development better than assumed due to faster than expected market recovery Financial Results 9M FY 2020/21 HELLA Group sales in mill. EUR 9M FY19/20 9M FY20/21 -4.2% -0.3% 90 97 4,848 4,758 4,743 4,646 Reported Portfolio Currency & Currency & Currency Reported adjustment portfolio adjus

  8. Slide 8: Adj. GPM decreased despite savings due to lower capacity utilization and pandemic costs

    Adj. GPM decreased despite savings due to overall lower capacity utilization as well as cost caused by the pandemic and bottlenecks Financial results 9M FY2020/21 Adj. Gross Profit Highlights EUR millions 1,323 ■ Adj. Gross Profit decreased by 56 mill. 1,236 1,223 1,167 EUR (-4.6%) to 1,167 mill. EU

  9. Slide 9: Declining R&D expenses with focus on preparation of new customer projects

    Declining R&D expenses with focus on preparation of new customer projects and gradual start of further activities Financial results 9M FY2020/21 Adj. R&D expenses Highlights EUR millions ■ Adj. absolute R&D expenses 469 487 decreased by 42 mill. EUR (-8.5% 428 445 3.4% +17 -42 YoY) to 445 mill. EUR:

  10. Slide 10: SG&A costs declining due to continuous cost savings and crisis measures

    SG&A costs declining due to continuous cost savings and extensive measures which were introduced as reaction to the crisis Financial results 9M FY2020/21 Adj. SG&A expenses Highlights EUR millions ■ Adj. SG&A costs decreased 56 mill. 453 477 EUR, -13.1% to 370 mill. EUR: 426 +24 3.4% 370 − decrease

  11. Slide 11: Structural changes and cost measures led to a continuous decrease of headcount

    Structural changes and cost measures already led to a continous decrease of headcount Financial results 9M FY2020/21 Headcount per functional area Highlights -1.6% ■ Overall headcount decreased by 36,932 1,967 36,351 1,837 1.6%: 3,913 3,735 − production (+0.4%) 7,803 7,432 Sales − sales and marketin

  12. Slide 12: Adjusted EBIT above prior-year's level with strict cost discipline

    Adjusted EBIT above prior-year’s level with strict cost discipline and better top line development Financial results 9M FY2020/21 Adjusted EBIT Highlights EUR millions 410 ■ Adjusted EBIT increased by 34 mill. 387 373 339 EUR (+10.1%) to 373 mill. EUR: +22 -71 +34 − decrease in adj. Gross Profit by

  13. Slide 13: P&L including reconciliation; main adjustments for improvement program and camera software sale

    P&L including reconciliation; main adjustment 9M FY2020/21 for improvement program and profit from camera software sale Financial results 9M FY2020/21 FY comparison Comments HELLA GROUP in EUR mill. 9M FY19/20 9M FY20/21 ■ Reported EBIT 9M FY 20/21 Revenues reported 4,848.0 4,645.6 Adjustments -90.2

  14. Slide 14: Q3 FY 20/21 overall business with positive growth dynamics and margin improvements

    Q3 FY 20/21 overall business with positive growth dynamics and margin improvements Financial results 9M FY2020/21 Quarterly comparison Comments ■ Sales recovery in Automotive, but Q3 FY 19/20* Q3 FY 20/21** negatively impacted by bottlenecks. PY with unusually high level of 11.7% reimbursements Segm

  15. Slide 15: Negative adj. Free Cash Flow due to rise of working capital and CAPEX shifts

    Negative adj. Free Cash Flow due to rise of working capital as well as CAPEX shifts from PY Financial results 9M FY2020/21 Adj.1 FCF from operating activities Highlights EUR millions +9.8% -47.9% ■ Adj. Free Cash Flow from -6.0% 179 185 operating activities decreased by 169 89 mill. EUR to 97 mill.

  16. Slide 16: Automotive sales still negatively impacted by market environment, margin improvement

    Automotive sales still negative impacted by market environment, margin improvement with strict cost management Financial results 9M FY2020/21 -2.7% Automotive Sales 4,240 3,944 4,157 4,043 ■ Decline of 2.7% in course of a continued 1,837 -0.2% negative market environment 1,725 1,884 1,881 − impact o

  17. Slide 17: Aftermarket and Special Applications with beginning recovery in sales

    Aftermarket and Special Applications with beginning recovery in sales, profitability improvements supported by cost management Financial results 9M FY2020/21 +35.5% Aftermarket -1.3% 472 ■ Only small sales decline of 1.3%: IAM recovery 374 369 48.1 supported by a strong business in Turkey (due tacho

  18. Slide 18: Outline

    HELLA Investor Update 9M FY2020/21 Outline ■ HELLA Financial Highlights 9M FY2020/21 ■ HELLA Financial Results 9M FY2020/21 ■ Outlook ■ Q&A 18 HELLA Investor Update 9M FY2020/21, Conference Call on April 14, 2021

  19. Slide 19: Strong market growth expected, recovery volatile depending on pandemic

    Strong market growth expected, recovery volatile depending on pandemic, shortages further weight down growth assumptions Market outlook Still volatile market environment IHS as of March 16, 2021: IHS (MARCH 21) LVP PER QUARTER (MILLION UNITS) GLOBAL IHS LVP FOR FY 20/21 (MILLION UNITS) YoY Growth +1

  20. Slide 20: HELLA outlook specified to the upper half of the forecast ranges

    HELLA outlook specified to the upper half of the forecast ranges despite increasing market uncertainties Company outlook Outlook Comments  The outlook assumes that there will be no significant production interruptions at GUIDANCE HELLA in the fourth quarter as a result of Fiscal Year 2020/21 the Co

  21. Slide 21: Outline

    HELLA Investor Update 9M FY2020/21 Outline ■ HELLA Financial Highlights 9M FY2020/21 ■ HELLA Financial Results 9M FY2020/21 ■ Outlook ■ Q&A 21 HELLA Investor Update 9M FY2020/21, Conference Call on April 14, 2021

  22. Slide 22: Thanks for your attention

    Thanks for your attention Dr. Markus Richter Head of Corporate Communications & Investor Relations Dr. Kerstin Dodel, CFA Head of Investor Relations Office phone +49 2941 38 - 1349 Facsimile +49 2941 38 - 471349 Mobile phone +49 174 3343454 E-Mail kerstin.dodel@hella.com Internet www.hella.com HF-77

HELLA GmbH & Co. KGaA — 9M FY2020/21 Earnings Presentation on 6ix