Slide 1: 9M 2021 Results Presentation
9M 2021 Results Presentation
Slide 2: Disclaimer
DISCLAIMER This report contains forward-looking statements. These statements are based on current experience, estimates and projections of the Management Board and the information available at the time this half-yearly financial report was prepared. They are not guarantees of future performance and
Slide 3: Agenda
Agenda • 9M 2021 Highlights • Financial Review • New Customer Wins • Outlook & Closing Remarks • Q&A 3
Slide 4: hGears: First Nine Months of 2021
HGEARS: FIRST NINE MONTHS OF 2021 e-Mobility e-Tools Conventional +14.1 % +19.6% +13.1% +7.8% Revenue 9M 2021 (36% of Group revenues) continuing to outperform stabilising to more normal € 102.3m € 36.9m in 9M period levels, as expected €18.4m 18.0% Adj. EBITDA 9M 2021 Adj. EBITDA margin 9M Increasin
Slide 5: Solid Year-on-Year Growth Fuelled by e-Mobility
SOLID YEAR-ON-YEAR GROWTH FUELLED BY E-MOBILITY Revenue Bridge in EUR million Revenue contribution 9M 2021 vs 9M 2020 +14.1% 0.6 102.3 2.3 1% 3.8 31% 1% 36% 6.0 33% 34% 89.6 32% 32% Inner Circle: 9M 2020; Outer Circle: 9M 2021 9M9M 2020 e-Mobility e-Mobility e-Tools Conventional e-Tools Conventional
Slide 6: Continued Group Margin Expansion
CONTINUED GROUP MARGIN EXPANSION Group margins - % of revenue • Higher share of e-Mobility Gross Profit sales as margin expansion 60% 57.1% 58.1% driver 51.9% 54.5% 58.1% 50% • Increased efficiency in production 40% 30% • Higher automation level EBITDA¹ reduces Personnel Expenses 20% 17.8% (as % of
Slide 7: New Customer and Project Wins in e-Mobility
NEW CUSTOMER AND PROJECT WINS IN E-MOBILITY Five new e-Mobility customers in 2021 +50% 15 10 Mountain / Cargo All e-bikes Mountain All e-bikes All e-bikes 9M 2020 9M 2021 Revenue potential: €€€ €€ € €€ €€€ Expansion of Sales and Advanced Engineering teams (FTE) +50% 27 • Sales and key hires includ
Slide 8: Tough Macro Backdrop Mitigated by Portfolio Mix and Remedial Actions
TOUGH MACRO BACKDROP MITIGATED BY PORTFOLIO MIX AND REMEDIAL ACTIONS Impact assessment to date e-Mobility e-Tools Conventional Mitigants OEM raw • Diversified business portfolio / exposure to e-Tools material • Reallocation of production shortages capacity Macro backdrop Logistical • Localized stabl
Slide 9: Long Term Positive Outlook Drivers Intact
LONG TERM POSITIVE OUTLOOK DRIVERS INTACT • Long-term mega trends unchanged • Regulations accelerating the transition to electrification of vehicles faster than expected • Heightened supply chain issues due to increased demand • Constant close dialogue with customers to ensure immediate response to
Slide 10: Debt Refinancing Update
DEBT REFINANCING UPDATE • Term sheets received Current Terms Expected New Terms • Expected refinancing to Interest Margin 3.5%-4.75% c. 1.0% complete in Q4 2021 Term Loan (Refinancing) EUR 20m EUR 20m • In qualification process for ESG loan Growth Financing - Up to EUR 40m (Revolving) • Net cash pos
Slide 11: Reconfirming Guidance: On Track to Meet Targets
RECONFIRMING GUIDANCE: ON TRACK TO MEET TARGETS Double Group Revenue to €250m Mid-Term Targets Triple E-mobility Revenue to €150m FY 2021 Guidance High Single Digit Group Revenue Growth ¹ Base year 2020 11
Slide 12: Q&A
Q&A as ae ee Spa the heart of your lnGears | thet fy
Slide 13: Strong Double-Digit Revenue Growth in 9M 2021
STRONG DOUBLE-DIGIT REVENUE GROWTH IN 9M 2021 In EUR million or % 9M 2021 9M 2020 y-o-y Commentary Growth driven by an expansion of order volumes of Revenue 102.3 89.6 14.1% existing customers and new e-Mobility projects Higher efficiency in production and increased share of Gross profit 59.4 49.8 1