Semperit Ag Holding · VIE:SEM
Semperit — FY2024 Earnings Presentation
26 slides from Semperit's earnings presentation, Mar 20, 2025
Slide 1: Semperit Group FY 2024 Earnings Presentation
SEMPERIT GROUP FY 2024 EARNINGS PRESENTATION Karl Haider, CEO Manfred Stanek, designated CEO Helmut Sorger, CFO Gerfried Eder, CIO 20 March 2025
Slide 2: Agenda
Agenda Key Highlights (p.3) Operational Performance (p.6) Financial Performance (p.10) Outlook (p.19) Appendix (p.22) 2 Earnings Presentation FY 2024 I 20 March 2025
Slide 3: Milestones 2022 – 2025
Milestones 2022 – 2025 Sharpened focus on core Powerful divisional structure All strategic milestones industrial elastomers with special focus on future achieved - strong platform competence through growth and operating to further strengthen the divestment of Sempermed leverage market position 2022
Slide 4: Highlights 2024 – promised and (over)delivered
Highlights 2024 – promised and (over)delivered Focus on profitable growth resulted in EBITDA up by 21.1% to 90 EUR 84.9m and a higher margin of 12.5% (+2.3PP) 80 84.9 Guidance: 80 – guidance outperformed 70 60 70.1 Earnings after tax turned from a loss of EUR –17.1m in 2023 to a 50 positive EUR 11.5
Slide 5: Divisional set-up as introduced in 2023 combines strength of core business
Divisional set-up as introduced in 2023 combines strength of core business with our expertise in rubber compounds and our innovative solutions 2024 results confirm thrust of strategic positioning as divisional structure provides growth platform with future scale effects Cost leadership Leveragin
Slide 6: Two complementary divisions with one strong industrial base
Two complementary divisions with one strong industrial base Semperit Industrial Applications Semperit Engineered Applications 2024 2024 43% 2023 2023 49% 51% 48% 48% 52% 52% 57% Starting Q1 2024, Surgical Operations have been part of the discontinued operations and are not included in the charts. Al
Slide 7: Semperit Industrial Applications FY 2024
Semperit Industrial Applications FY 2024 Margin recovery supported by cost efficiency measures EBITDA in EUR m EBITDA margin 23.9% 21.5% 21.9% 19.1% 17.6% 19.2% 18.5% Semperit 12.5% 16.3% 10.2% 13.9% Industrial 30.2 Applications 21.3 24.0 6.3% 17.5 17.8 13.8 17.2 12.6 11.3 10.0 7.4 4.2 Q1’22 Q2’22 Q
Slide 8: Semperit Engineered Applications FY 2024
Semperit Engineered Applications FY 2024 Top-line growth but margin pressure due to lower demand EBITDA in EUR m 17.0% 16.4% 17.1% 18.3% 2.3 EBITDA margin 15.1% 12.7% 15.2% 11.3% 12.4% 12.8% Semperit 8.7% 9.6% Engineered 4.1 15.8 14.0 15.4 Applications 11.3 12.2 13.1 11.3 12.6 8.4 7.5 8.8 5.2 1 1 Q1
Slide 9: New innovative products support growth pipeline with wide range of applications
New innovative products support growth pipeline with wide range of applications Heavy duty rubber/metal parts Trackbelt for mining applications Compression molded heavy-duty rubber-metal Building on our extensive experience in mountain parts for use in vertical tower/stirred mills for fine Hybrid ha
Slide 10: ESG targets until 2030 and performance 2024
ESG targets until 2030 and performance 2024 Energy1 Waste Emissions Competitive ESG Target 2030 2024 Target 2030 2024 Target 2030 2024 rating year: -5% reduction +3.9% energy -7% reduction -9.1% waste -10% reduction -2.1% emission by 2030 increase per good by 2030 reduction per good by 2030 scope 1
Slide 11: Financial highlights 2024
Financial highlights 2024 Continued focus on Healthy balance Enhanced efficiency Dividend proposal Digital transformation free cash flow sheet with and focus on to the AGM reflects through “oneERP”, through active significant cash operating leverage good liquidity IT enhancements and working capital
Slide 12: Key financial results FY 2024
Key financial results FY 2024 FY 2024 FY 2023 Δ Revenues in EUR m 676.6 681.8 -0.8% Revenues: top-line pressure from lower volumes and weak demand largely compensated by Rico consolidation EBITDA in EUR m 84.9 70.1 +21.1% EBITDA: higher profitability driven by EBITDA margin in % 12.5 10.3 +2.3PP
Slide 13: Detail on Last Twelve Month (LTM) view – cost management improved margins
Detail on Last Twelve Month (LTM) view – cost management improved margins LTM Industrial Revenue (EUR m) and operating EBITDA margin (%) 734.0 739.5 717.4 705.0 695.1 681.8 681.4 671.6 660.3 668.9 676.6 596.9 556.1 527.4 507.0 518.9 490.1 478.4 487.0 497.3 17.1 17.5 16.5 16.7 16.9 15.9 16.0 16.3 15.
Slide 14: EBITDA development: price/volume effect offset through lower costs and Rico
EBITDA development: price/volume effect offset through lower costs and Rico +21% in EUR m 7.3 84.9 1.5 86.3 12.5 70.1 12.5 43.1 Cost reduction program started 2023, targeting EUR 10m -35.7 Savings in total: EUR 18.4m Savings 2024: -24.9 EUR 12.6m reported Price & Volume Cost of Personnel Consulting,
Slide 15: Consistent working capital reduction over last two years
Consistent working capital reduction over last two years Components of Working Capital1 in EUR m 20.5% 21.8% 15.9% 18.7% 17.7% 18.0% 15.2% 155.6 160.4 127.7 134.8 120.9 120.2 102.7 114.7 121.9 110.8 106.6 108.4 101.5 85.7 Inventories 99.4 100.8 86.1 86.7 70.7 76.5 73.7 Trade receivables -58.5 -62.3
Slide 16: Free cash flow, CAPEX and net financial debt
Free cash flow, CAPEX and net financial debt Free cash flow nearly doubled to EUR 45.8m (’23: EUR 26.3m) Capex increased to EUR 64.6m (’23: 55.6m) due to further growth investment in DH5 and LSR Net financial debt / EBITDA multiple stable at 1.2x in EUR m 0.7 10.3 -45.8 29.5 115.2 -6.6 103.3 -
Slide 17: Robust balance sheet structure and financial profile
Robust balance sheet structure and financial profile Balance sheet structure Financial profile as of 31 December 2024 Balance sheet 31/12/2024: EUR 914m Cash and cash equivalents at EUR 126m (+11,8%) Balance sheet 31/12/2023: EUR 938m Financial liabilities at EUR 234.1m, increase (3%) due to fin
Slide 18: Capital allocation and usage of cash
Capital allocation and usage of cash Free cash flow (EUR 45.8m) Normal Investments € Growth Investments € Shareholder Return % MAINTENANCE GROWTH CAPEX & DIGITALIZATION M&A DIVIDENDS CAPEX Strategic growth project: Commitment to maintaining expansion of the hydraulic Attractive and enhancing our hos
Slide 19: Outlook
Outlook Commodity business (SIA) still operating in subdued operating EBITDA guidance at economic environment due EUR 70m - 90m to weak construction and yellow goods industries project expenses oneERP expected at (construction and agriculture) ~EUR 5m (P&L effective) 2025 CAPEX expected at Markets w
Slide 20: Five reasons to invest in Semperit
Investment Proposition Five reasons to invest in Semperit 1 Leading global market position in elastomer applications with strong industrial base 2 Relentless focus on innovation and technology 3 Resilient business model driven by operating leverage and cost leadership 4 Strong balance sheet and cash
Slide 21: Contact and financial calendar
Contact and financial calendar Investor Relations Semperit Financial Calendar 2025 Judit Helenyi, Director Investor Relations 20.03.2025 Publication of 2024 annual financial statements 23.04.2025 Annual General Meeting, Vienna +43 1 79777 - 310 14.05.2025 Report on Q1-3 2025 www.semperitgroup.com/en
Slide 22: Divisions & Group
Divisions & Group in EUR m INDUSTRIAL APPLICATIONS (SIA) ENGINEERED APPLICATIONS (SEA) SEMPERIT GROUP 1 2 1 2 1 FY 2024 FY 2023 % FY 2204 FY 2023 % FY 2024 FY 2023 % Revenue 293.5 330.8 -11.3% 383.0 351.0 9.1% 676.6 681.8 -0.8% EBITDA 52.2 46.9 11.4% 48.1 50.5 -4.8% 84.9 70.1 21.1% EBITDA margin 17.
Slide 23: Semperit Group (continuing operations)
Semperit Group (continuing operations) in EUR m FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2021 2022 2022 2022 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Revenue 601.8 181.5 213.3 198.6 186.4 779.8 176.4 179.3 163.8 162.3 681.8 176.0 169.5 161.1 170.0 676.6 EBITDA 54.0 20.3 33.
Slide 24: Semperit Industrial Applications, Semperit Engineered Applications & Corporate
Semperit Industrial Applications, Semperit Engineered Applications & Corporate in EUR m SEMPERIT INDUSTRIAL APPLICATIONS (SIA) FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2021 2022 2022 2022 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Revenue 341.9 111.1 126.4 111.6 101.1 450.2 9
Slide 25: Key figures 2012-2024
Key figures 2012-2024 in EUR m KEY PERFORMANCE FIGURES 2013 2014 1 2015 1 2016 adj.2 2017 adj.3 2018 adj.4 2019 adj.5 2020 adj.6 2021 7 2022 adj.7 2023 adj.8 2024 adj.8 Revenue 906.3 858.3 914.7 852.4 874.2 875.5 840.6 927.5 601.8 779.8 681.8 676.6 EBITDA 132.5 101.9 96.2 74.7 35.8 50.3 63.8 208.6 5
Slide 26: Overview price indices LFO-F-NEW / Butadiene
Overview price indices LFO-F-NEW / Butadiene Significant increase for raw material1 used in industrial segments Price index LFO-F-NWE Price indices Butadiene as main raw material for synthetic rubber / latex 250 250 ø 2021 ø 2022 ø 2023 ø 2024 ø 2021 ø 2022 ø 2023 ø 2024 200 200 150 150 100 100 50 5