Slide 1: FUCHS Group Financial Results Q1-3 2020
FUCHS GROUP Financial Results Q1-3 2020 | Analyst’s Conference, 3rd November 2020 | Dagmar Steinert, CFO
Slide 2: Highlights Q1-3 2020
Highlights Q1-3 2020 Effects of the COVID-19 Updated Outlook FY 2020 pandemic significantly €1,740 mn EBIT decline in the range of -15% (was -25%) weakened in Q3 2020 Sales down by -11 % Cost saving measures show Based on the assumption that there effect will not be any major lockdowns in FU
Slide 3: Sales development
Sales development € mn 1,952 - 11% YoY 1,740 700 668 656 643 642 643 653 614 620 616 620 600 504 500 400 300 Q1 '18 Q2 '18 Q3 '18 Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 Q1 '20 Q2 '20 Q3 '20 l3
Slide 4: Q1-3 2020 Group sales
Q1-3 2020 Group sales € mn -213 +37 -36 2,200 (-11%) (+2%) (-2%) 2,000 1,952 1,800 1,740 1,600 -212 1,400 (-11%) 1,200 1,000 Q1-Q3 2019 Organic Growth External Growth FX Q1-Q3 2020 l4
Slide 5: Regional sales development Q1-3 2020
Regional sales development Q1-3 2020 Q1-3 2020 Q1-3 2019 Growth Organic External FX (€ mn) (€ mn) Europe, Middle East, Africa 1,060 1,201 -12% -11% - -1% Asia-Pacific 509 535 -5% -4% +1% -2% Americas 281 320 -12% -20% +10% -2% Consolidation -110 -104 - - - - Total 1,740 1,952 -11% -11% +2% -2% l5
Slide 6: Income statement Q1-3 2020
Income statement Q1-3 2020 € mn Q1-3 2020 Q1-3 2019 Δ € mn Δ in % Sales 1,740 1,952 -212 -11 Gross Profit 615 672 -57 -8 Gross Profit margin 35.3 % 34.4 % - +0.9 %-points Other function costs -419 -433 14 -3 EBIT before at Equity 196 239 -43 -18 At Equity 7 7 0 0 EBIT 203 246 -43 -17 Earnings after
Slide 7: EBIT development
EBIT development (Q3 2018: €12 mn one-off effect from sale of at equity share) € mn 120 246 - 17% YoY 203 101 104 92 (92) 89 91 90 86 77 80 75 72 60 40 30 0 Q1 '18 Q2 '18 Q3 '18 Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 Q1 '20 Q2 '20 Q3 '20 l7
Slide 8: EBIT by regions
EBIT by regions Q1-3 2020 (Q1-3 2019) € mn 2 203 29 (8) (246) (41) 200 70 (67) 150 102 (130) 100 50 0 EMEA Asia-Pacific Americas Holding/cons. Group EBIT margin 9.0% (10.2%) 13.8% (12.5%) 10.3% (12.8%) 11.3% (12.2%) before at equity l8
Slide 9: Quarterly EBIT development by regions
Quarterly EBIT development by regions Q1 - Q3 2020 € mn Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 50 46 45 43 40 35 29 30 24 25 20 17 15 15 13 12 10 5 2 0 EMEA Asia-Pacific Americas EBIT margin 10.2% 3.8% 11.6% 11.6% 13.8% 15.3% 10.9% 2.8% 15.0% before at equity l9
Slide 10: Cash flow Q1-3 2020
Cash flow Q1-3 2020 € mn Q1-3 2020 Q1-3 2019 Δ in € mn Δ in % Earnings after tax 142 176 -34 -19 Amortization/Depreciation 59 54 5 9 Changes in net operating working capital (NOWC) -6 -11 5 -45 Other changes 16 -22 38 >100 Capex -89 -103 14 -14 Free cash flow before acquisitions1 122 94 28 30 Acquis
Slide 11: Net operating working capital (NOWC)
Net operating working capital (NOWC) 750 28.0% 700 650 25.5% 23.4% 600 21.8% 22.3% 23.0% 21.8% 21.5% 550 21.0% 21.3% 20.5% 500 450 18.0% 400 15.5% 350 77 78 79 81 85 80 79 300 13.0% 2014 2015 2016 2017 2018 2019 Q1-3 2020 NOWC (in € mn) NOWC (in %)* NOWC (in days)* * In relation to the annualized sa
Slide 12: Q1-3 2020 earnings summary
Q1-3 2020 earnings summary Organic sales decrease reduced in all three regions after a strong performance in Q3, especially in September; Q3 in APAC above previous year mainly due to China External growth in APAC (NULON) and Americas (ZIMMARK & NYE) Gross margin at 35.3% (34.4) above previous
Slide 13: Outlook FY 2020 updated
Outlook FY 2020 updated Outlook 2020 Outlook Outlook Performance indicator Actual 2019 (Pre-COVID-19) FY - 2020 FY - 2020 Sales € 2,572 mn +0% to +4% EBIT € 321 mn +0% to +4% ~ -25% ~ -15% FUCHS Value Added € 174 mn ~ € 170 mn Free cash flow before acquisitions € 175 mn ~ € 130 mn Capex € 154 mn € 1
Slide 14: New Acquisition: PolySi Technologies Inc.
New Acquisition: PolySi Technologies Inc. Great addition to the group‘s specialty business Founded in 1995 Specialist for silicone greases and gels for many industries, including automotive, Located in Sanford, NC, USA electrical, plumbing, food, medical and Sales FY 2019 USD 9mn (~ €7.6 mn)
Slide 15: Financial Calendar & Contact
Financial Calendar & Contact Financial Calendar 2021 Investor Relations Contact March 9, 2021 Annual Report 2020 FUCHS PETROLUB SE Friesenheimer Str. 17 April 29, 2021 Quarterly statement Q1 2021 68169 Mannheim www.fuchs.com/group/investor-relations May 4, 2021 Annual General Meeting in Mannheim Tho
Slide 16: Disclaimer
Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man