Facc Ag · VIE:FACC
Facc — Q1 2022 Earnings Presentation
17 slides from Facc's earnings presentation, May 4, 2022
Slide 1: Beyond Horizons Q1 2022
BEYOND HORIZONS | Q1 2022 4th May 2022 a
Slide 2: Q1 2022 Key Topics
Q1 2022 KEY TOPICS Robert Machtlinger (CEO)
Slide 3: Q1 / 2022 Key Topics
FACC AG | Confidential and/or Proprietary Q1 / 2022 KEY TOPICS > first quarter was largely in line with management expectations > Go-Live of the Vertical Integration Packaging – FACC's packaging services are performed in-house > Ramp up Croatia progressing and on schedule > Aviation industry continu
Slide 4: Financials
FINANCIALS Aleš Stárek (CFO)
Slide 5: Revenues and EBIT
FACC AG | Confidential and/or Proprietary REVENUES AND EBIT Revenues increase in line with market growth EBIT reflects the positive margin trend Revenues EBIT in million EUR in million EUR 2,5 3 139,3 0,4 0,1 127,5 122,1 118,1 118,1 -28,1 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 20
Slide 6: Cashflow
FACC AG | Confidential and/or Proprietary CASHFLOW Cashflow reflecting the ramp-up and customer payments in Q4 of 2021 Free cashflow – Q1 2021 Free cashflow – Q1 2022 in million EUR in million EUR
Slide 7: Balance Sheet
FACC AG | Confidential and/or Proprietary BALANCE SHEET Positive trend for both KPIs NET FINANCIAL DEBT LEVERAGE in million EUR in million EUR 246,9 4,97 232,1 225,2 213,4 197,0 3,85 177,8 3,53 3,60 3,28 37,3% 2,42 1,96 37,4% 37,9% N/A 2020-Q4 2021-Q1 2021-Q2 2021-Q3 2021-Q4 2022-Q1 2015/16 2016/17
Slide 8: Financial Status
FACC AG | Confidential and/or Proprietary FINANCIAL STATUS In a nutshell – ensuring stable liquidity Covenant Senior Debt and Cash (Key Elements) 31.03.2022 31.12.2021 ▪ Bank negotiations for covenant waiver successfully closed on December 30th, 2021 Promissory Notes 70 000 70 000 Cash 77 166 114 96
Slide 9: Outlook
OUTLOOK
Slide 10: 2022 Key Priorities
FACC 2022 KEY PRIORITIES > Secure industry ramp – Material supply chain management enhanced – Ramp Up FACC Croatia to expedite benefit from best cost company set up – Staff ramp up on going but will continue for the rest of the year > Keep Best in Class performance to our worldwide customers > Stron
Slide 11: 2022 Business Guidance
FACC 2022 BUSINESS GUIDANCE − FACC revenue growth of 10% through higher customer demand & new projects − Triple EBIT compared to 2021 − Cash Flow EUR -16.9 mil Net debt EUR 197.0 mil. FACC AG – Confidential and/or Proprietary − Investment plan of 30 million in technology & growth 11 05.05.2022
Slide 12: Financial Back-up
BACK-UP FINANCIAL FACC AG – Confidential and/or Proprietary
Slide 13: Aerostructures
FACC AG | Confidential and/or Proprietary AEROSTRUCTURES Recovery on track Revenues EBIT in million EUR in million EUR 1,9 1,6 0,2 47,0 48,2 44,6 -0,8 39,9 36 -29,7 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 13
Slide 14: Engines & Nacelles
FACC AG | Confidential and/or Proprietary ENGINES & NACELLES B787 new contract terms will make the platform more profitable Revenue EBIT in million EUR in million EUR 28,3 27,3 4,5 24,8 23,3 22,6 2,4 2,0 2,0 0,1 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 14
Slide 15: Cabin Interiors
FACC AG | Confidential and/or Proprietary CABIN INTERIORS A320 rates as well as BJ demand on track. Revenue EBIT in million EUR in million EUR 65,1 57,3 56,7 -0,2 54,2 49,9 -0,8 -1 -1,4 Q1 2021 -2,8 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 15
Slide 16: Disclaimer
FACC AG | Confidential and/or Proprietary DISCLAIMER ▪ This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate', 'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-looking statemen
Slide 17: FACC AG – Confidential and/or Proprietary
FACC AG – Confidential and/or Proprietary