Facc Ag · VIE:FACC
Facc — H1 2022 Earnings Presentation
26 slides from Facc's earnings presentation, Aug 17, 2022
Slide 1: FACC Results 1st Half of 2022
bEYoND HorIZonS FACC RESULTS 1. HALF OF 2022 17 August 2022 1 17.08.2022
Slide 2: FACC in Retrospect
1. HALF OF 2022 FACC AG – Confidential and/or Proprietary FACC IN RETROSPECT Robert Machtlinger, CEO
Slide 3: Growth as Planned in Spite of Global Challenges
GROWTH AS PLANNED IN SPITE OF GLOBAL CHALLENGES • The market continues to stabilize – production rates of aircraft are increasing • 12.4 % revenue growth in the first half of 2022 relative to the previous year • Strong growth in the Aerostructures segment • Stable growth in the Interiors environment
Slide 4: Retrospective: KPIs for the First Half of 2022
RETROSPECTIVE KPIS FOR THE FIRST HALF OF 2022 EUR USD 270.1 million 500 million Group revenue New orders 2022 + 12.4% relative to previous year Core business & UAM EUR USD 6.1 million 5.5 billion Operating EBIT Order backlog EUR Crew expansion 11.8 million* 2.732 FTE Investments in technology & +200
Slide 5: Strong Personnel Expansion
STRONG PERSONNEL EXPANSION Employee growth in Austria and globally > +200 new FACC employees worldwide since the beginning of the year > Expansion of the workforce by another 500 employees planned within the next 18 FACC AG – Confidential and/or Proprietary months.
Slide 6: Plant Opening at the Croatian Site
PLANT OPENING AT THE CROATIAN SITE Additional capacities for increased demand 2 0 2 FACC AG – Confidential and/or Proprietary 1 > Investments in phase 1: approx. EUR 15 million > Construction of state-of-the-art production facilities for Interior components > Expansion from 170 to 250 employees plan
Slide 7: Securing Energy Supply
SECURING ENERGY SUPPLY ON THE WAY TO CO2-NEUTRAL PRODUCTION 44% 18% Electricity from • Total energy consumption of FACC approx. 77.4 GWh Natural hydropower gas • Two thirds of energy requirements from sustainable sources • 98% of space heating from geothermal energy 14% • 100% of electricity from re
Slide 8: The Market at a Glance
THE MARKET AT A GLANCE FACC AG – Confidential and/or Proprietary Robert Machtlinger, CEO
Slide 9: Development of RPM in Key Markets
DEVELOPMENT OF RPM IN KEY MARKETS Markets developing at different rates but in line with expectations Week of Feb 24, 2022, vs. equivalent week in 2019 94% FACC AG – Confidential and/or Proprietary 89% 84% 84% 106% Week of 76% July 13, 2022, vs - 6% + 19% + 4% + 12% equivalent week in DOMESTIC DOMES
Slide 10: Aircraft Deliveries on the Rise
AIRCRAFT DELIVERIES ON THE RISE THE BUSINESS IS GAINING MOMENTUM 1400 1200 • Production rates continue to increase (esp. 1000 A320) • Production volumes for the A220 are increasing 800 and will double by 2025 600 • Stable demand for wide-body aircraft 400 • FACC growth forecast confirmed 200 0 2019
Slide 11: Stable Customers
STABLE CUSTOMERS POSITIVE SIGNAL FOR FIRM ORDERS A319; 79 A380; 5 A319; 66 A330; 298 A330; 292 A330; 218 A319; 81 A350; 446 A350; 447 A350; 505 A220; 551 A220; 481 A220; 541 AIRBUS A321; 2979 AIRBUS A321; 3406 AIRBUS A321; 3 718 2021/02 2022/02 2022/07 7050 7058 7393 A320; 2307 A320; 2 382 A320; 270
Slide 12: Demand by Region 2022-2041
DEMAND BY REGION 2022-2041 80 % SINGLE-AISLE I 20 % WIDE-BODY 280 CIS 1580 1440 1270 EUROPA 1160 NORD & CIS 1330 AMERIKA 8140 6990 6560 CHINA 1470 8420 5720 NAHER 1530 OSTEN 7090 3000 250 220 AFRIKA 1690 LATEIN 1230 APAC Total AMERIKA 9160 39490 2550 980 7470 Widebody 2330 Single Aisle
Slide 13: eVTOL by Archer: Maker
EVTOL BY ARCHER: “MAKER” NEW ORDER FOR FUSELAGE AND WING COMPONENTS August 2022: > United Airlines orders 100 eVTOLs > Stellantis as strategic partner of Archer By 2024: > Completion of ground and flight tests with the FAA FACC AG – Confidential and/or Proprietary > Type certification obtained for p
Slide 14: Key Figures
1. HALF OF 2022 FACC AG – Confidential and/or Proprietary KEY FIGURES Aleš Stárek, CFO
Slide 15: Revenue & EBIT
REVENUE & EBIT MARKET STABILIZATION SUPPORTS REVENUE GROWTH REVENUE EBIT in EUR million in EUR million 2.5 3.0 3.1 139.3 142.6 0.4 0.1 1.3 * 127.5 118.1 122.1 118.1 -28.1 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 * earnings excluding one-time eff
Slide 16: Aerostructures
AEROSTRUCTURES EBIT ONCE AGAIN POSITIVE REVENUE EBIT in EUR million in EUR million 1.9 1.6 2.6 54.4 0.2 0.3 * 47.0 48.2 -0.8 -29.7 44.6 39.9 36.0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 * earnings excluding one-time effects
Slide 17: Engines & Nacelles
ENGINES & NACELLES REVENUE IMPACTED BY PROBLEMS WITH THE B787 REVENUE EBIT in EUR million in EUR million 4.5 28.3 27.3 24.8 23.3 22.6 22.8 2.4 2.0 2.0 0.1 0.0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
Slide 18: Cabin Interiors
CABIN INTERIORS REVENUE GROWTH, EBIT ONCE AGAIN POSITIVE REVENUE EBIT in EUR million in EUR million 0.5 65.1 65.4 57.3 56.7 54.2 49.9 -0.2 -0.8 -1.0 -1.4 -2.8 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
Slide 19: Free Cashflow
FREE CASHFLOW RAMP-UP & UNSTABLE SUPPLY CHAINS 1. HALF OF 2022 1. HALF OF 2021 in Mio. EUR in Mio. EUR
Slide 20: Cash Flow
CASH FLOW STRICT INVESTMENT CONTROL INVESTMENTS NET WORKING CAPITAL in EUR million in EUR million 143.0 122.8 119.0 -1.8 -4.0 103.8 -5.7 -11.7 -19.1 30.06.2021 30.09.2021 31.12.2021 31.03.2022 30.06.2022 30.06.2021 31.12.2021 31.03.2022 30.06.2022
Slide 21: Balance Sheet Key Figures
BALANCE SHEET KEY FIGURES DEVELOPMENT OF CAPITAL FIGURES NET DEBT LEVERAGE DEVELOPMENT in EUR million ratio 225.2 213.4 211.5 4.97 197.0 177.8 4.19 3.86 3.53 3.60 3.28 2.42 1.96 0 30.06.2021 30.09.2021 31.12.2021 31.03.2022 30.06.2022 calculated calculated 2016/17 2017/18 2020 2015/16 2018/19 excl.
Slide 22: Outlook
OUTLOOK Growth through innovation 17.08.2022 22 FACC AG – Confidential and/or Proprietary
Slide 23: Market Outlook 12-24 Months
MARKET OUTLOOK 12-24 MONTHS Increase of aircraft construction rates • A32F: 20 % demand increase by the end of 2023 Increase of business jet demand • A350: 25 % demand increase by the end of 2023 • 17 % FACC sales volume and • B787: Restart after 12-month suspension of consolidation as no. 1 outfitt
Slide 24: Supply Chain Outlook
SUPPLY CHAIN OUTLOOK Challenging raw material supply • Maintaining safety stock levels in the coming 12 months Energy supply • Continued targeted restructuring of supply • Currently 18 % dependence on gas chain • Conversion to alternative energy sources underway (oil) • Further expansion of geotherm
Slide 25: Key Priorities 2022
KEY PRIORITIES 2022 OUTLOOK • Revenue growth of 10 % through higher customer demand and ramp-up of new projects • EBIT target as forecast and continue to secure planning • Further expansion of direct personnel to secure growth beyond 2022 • Plant 6 / Zagreb • Ramp-up to 250 staff by the end of 2022
Slide 26: Thank you for your interest & stay healthy!
THANK YOU FOR YOUR INTEREST & STAY HEALTHY! 26 17.08.2022