Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — Shareholder Meeting (May 2024)
30 slides from Rational Aktiengesellschaft's shareholder meeting presentation, May 8, 2024
Slide 1: 27th Annual General Meeting of RATIONAL AG on 8 May 2024
When it tastes great, we all speak the same language. 27th Annual General Meeting of RATIONAL AG on 8 May 2024
Slide 2: iHexagon: The start of a new era
iHexagon The start of a new era.
Slide 3: Our iHexagon guarantees top food quality in record cooking times
Our iHexagon guarantees top food quality in record cooking times.
Slide 4: More flexibility. More possibilities. Specialised applications
More flexibility. More possibilities. The right solution for specialised applications. Production Grab & go Fresh cooking Fast production of large Top-quality snack variety, Produce food to top up buffets quantities. Even results on produced and sold quickly. or hot counters quickly on every rack. F
Slide 5: iCareSystem AutoDose: Simple. Safe. Clean.
iCareSystem AutoDose Simple. Safe. Clean. Saves time and space and can also be started automatically Helps ensure HACCP hygiene safety and increases occupational safety 50% less plastic waste compared to conventional cleaners
Slide 6: Internorga Future Prize 2024 iCareSystem AutoDose
Internorga Future Prize 2024 iCareSystem AutoDose
Slide 7: RATIONAL Wittenheim
RATIONAL Wittenheim
Slide 8: RATIONAL Wittenheim
RATIONAL Wittenheim
Slide 9: RATIONAL Wittenheim
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Slide 10: RATIONAL China
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Slide 11: RATIONAL China
RATIONAL China
Slide 12: RATIONAL China R&D and Production Facility
RATIONAL China R&D and Production Facility d Opening f
Slide 13: RATIONAL employees are entrepreneurs in the company
RATIONAL employees are entrepreneurs in the company (U.i.U.s) Make decisions. Assume responsibility. 2,554 87% are proud to work at RATIONAL 2,401 2,258 2,248 2,113 2,180 employee turnover in 6% fiscal year 2023 1,884 5% salary increase in 2023 anniversary bonus for €1,973 every U.i.U. worldwide 201
Slide 14: (RATIONA wal}
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Slide 15: Facts and figures: Fiscal year 2023
Facts and figures Fiscal year 2023
Slide 16: Strong sales revenue performance in 2023
Strong sales revenue performance in 2023 Sales revenues in 2023 increase by 10% to 1,126 million euros +10% +31% 1,126 1,022 +8% +20% –23% 844 778 780 650 2018 2019 2020 2021 2022 2023 Sales revenues in million euros | Sales revenue growth vs. previous year
Slide 17: Sharp rise in order intake in the course of the year
Sharp rise in order intake in the course of the year Orders on hand back to the normal level at the end of 2023 ~430 million euros ~120 million ~70 euros million euros Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2021 2022 2023 New orders Sales revenues Orders on hand
Slide 18: iCombi sales revenues surpass the billion mark
iCombi sales revenues surpass the billion mark iVario at a good level after record year 2022 iCombi iVario +13% +28% 1,008 895 698 +57% –8% 81 128 118 2021 2022 2023 2021 2022 2023 Sales revenues in million euros | Sales revenue growth vs. previous year
Slide 19: Strong growth in overseas regions
Strong growth in overseas regions Street business in North America and major customer in Asia boost growth North America +18% Asia 262 Germany +24% 221 –3% 156 125 122 126 2022 2023 2022 2023 2022 2023 Europe +5% 439 461 Latin America Rest of world +18% +8% 58 68 53 57 2022 2023 2022 2023 2022 2023
Slide 20: EBIT rises faster than sales revenues
EBIT rises faster than sales revenues EBIT margin increases by 1.4 percentage points in fiscal year 2023 +17% +48% 277 +9% –52% 238 223 +50% 205 160 26.4% 26.5% 24.6% 107 23.2% 20.5% 16.5% 2018 2019 2020 2021 2022 2023 EBIT in million euros EBIT margin
Slide 21: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in million euros 2022 2023 Key balance sheet figures: Non-current assets 237 265 Inventories 116 107 +8% growth in total assets Trade receivables 175 172 Other assets 163 285 Liquid funds 208 138 76% equity ratio T
Slide 22: Investments: Forward-looking investments thanks to solid financial position
Investments Forward-looking investments thanks to solid financial position Key projects 40 40 Continuation of 37 35 construction of the new 33 plant in Wittenheim 31 30 31 29 Completion of the 26 administration building 25 in Landsberg “Road to China” project 14 Two photovoltaic systems in Landsberg
Slide 23: RATIONAL shares: Strong performance in 2023 continues
RATIONAL shares Strong performance in 2023 continues at beginning of 2024 50 % RATIONAL MDAX DAX +45 % 40 % 30 % +28 % 20 % 10 % +3 % 0% -10 % Sep-23 Jan-23 Aug-23 Jan-24 Mar-23 Oct-23 Nov-23 Mar-24 Feb-23 Feb-24 May-23 Dec-23 Jun-23 Jul-23 May-24 Apr-23 Apr-24 Based on XETRA prices from 2 January 2
Slide 24: Dividend for 2023
Dividend for 2023 Dividend of 13.50 euros proposed 18.98 €13.50 dividend per share 16.33 15.09 13.84 71% overall payout ratio 10.88 2.50 13.50 11.00 7.05 2.50 9.50 7.50 1.9% dividend yield* 5.70 4.80 *Based on the 2023 year-end closing price 2018 2019 2020 2021 2022 2023 Dividend per share Special d
Slide 25: Successful start to 2024: sales revenues in first quarter
Successful start to 2024 High level of sales revenues maintained in the first quarter Sales revenues in mEUR Germany Share of sales revenues 10% (growth: –17%) North +1% America 286 22% (+13%) 282 29 31 Latin America 5% (+1%) iVario iCombi 254 256 Asia Europe 15% (+18%) 42% (–3%) Rest of world Q1 20
Slide 26: Successful start to 2024: EBIT margin at 24.8%
Successful start to 2024 EBIT margin at 24.8% thanks to falling material costs +7% +39% 71 67 +48% –44% 47 48 +24% 24.0% 24.8% 32 23.5% 21.2% 26 19.2% 14.3% Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 EBIT in mEUR EBIT margin
Slide 27: Sales revenue and profit forecast confirmed for 2024
Sale revenue and profit forecast confirmed for 2024 Optimistic outlook for the current fiscal year Sales revenue growth Gross profit Operating costs EBIT margin in the mid to high single- benefits from improved to increase a little faster expected to be close to the digit percentage range. cost situ
Slide 28: RATIONAL on the capital market
RATIONAL on the capital market A good business for customers and investors Market and Less cyclical due to technology leader proximity to a in a global growth basic need: food market We are renowned Maximum for reliability, customer and quality and employee sustainability satisfaction Around 50% Pro
Slide 29: RATIONAL
RATIONAL
Slide 30: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or