Bertrandt Ag · XETR:BDT
Bertrandt — Q1 2024/2025 Earnings Presentation
19 slides from Bertrandt's earnings presentation, Feb 13, 2025
Slide 1: Welcome to the Q1 2024/2025 Analyst & Investor Conferences
Welcome to the Q1 2024/2025 Analyst & Investor Conferences Markus Ruf, Björn Voss | February 2025
Slide 2: Q1 2024/2025 at a glance
Q1 2024/2025 at a glance Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Total Sales Employees EBIT Free cashflow Equity EUR 266.5m 13,605 EUR -2.1m EUR 38.2m EUR 361.5m 13.02.2025 +0.4% qoq (-796, -5.5% yoy) Q4 23/24: EUR -7.4m +30.8% yoy Ratio: 42.3% -13.6% yoy Q1 23/24: EUR 13.5
Slide 3: Market environment Q1 2024/2025
Market environment Q1 2024/2025 − Sentiment in the German automotive industry worsened at the end of 2024 (ifo) − R&D investments still negatively impacted by ongoing re- Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 definition of OEM strategies and review of model line-up − Cont
Slide 4: Total sales impacted by lower capacity call-offs
Total sales impacted by lower capacity call-offs − Total sales down by EUR -41.9m (-13.6% yoy), yet stable qoq 2023/2024 2024/2025 − Germany: -20.4% yoy − Abroad: +2.6% yoy Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 − Short-time work & headcount reduction Q4 265.329 14.415 Q3
Slide 5: EBIT development stabilized
EBIT development stabilized − Reduced capacity demand led to uneven and unfavorable capacity utilization 2023/2024 2024/2025 Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Q2 − F3 cost saving benefits partially offset lower utilization 8.503 Q1 13.456 Q3 -6.925 − Special item (EUR
Slide 6: Heterogenous segment performance
Heterogenous segment 136.037 148.709 150.872 139.975 138.458 performance Digital Engineering Digital Engineering: − Foreign subsidiaries partially offset weaker Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 2022/2023 2023/2024 2024/2025 performance in Germany 69.732 67.637 53.922
Slide 7: Update F3 program and test centers
Update F3 program and test centers Topic Status Comment Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 − Compensation scheme and closure negotiated F3: Redundancy program − Fast-track program implemented (until Feb ‘25) − >200 single measures identified and tracked − Other operati
Slide 8: P&L KPIs: cost optimization program pays off
P&L KPIs: cost optimization program pays off Q1 Q1 Item (EUR m) (% sales) (% sales) Comment 2024/2025 2023/2024 Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Ongoing weak capacity call-offs in Germany, foreign locations still Total sales 266.451 - 308.398 - growing. Headcount red
Slide 9: Balance sheet KPIs
Balance sheet KPIs Q1 2024/2025 2023/2024 Item (EUR m) Comment (end of period) (end of period) Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Balance sheet total 854.535 879.538 D&A vs CapEx, WC improvement Working Capital (WC) 266.220 310.250 Release of working capital (contract
Slide 10: Forecast for fiscal year 2024/2025
Forecast for fiscal year 2024/2025 Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Economic and Ongoing and Normalization of External factors (e.g. Regulatory political accelerated transfer capacity call-offs geopolitical tensions, requirements, environment of R&D into expected fro
Slide 11: RFQ volume: decisions pending
RFQ volume: decisions pending 3.8 31/01/24-31/01/25 − RFQs at record level… 9.7 EUR bn − …and many project decisions pending Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 0.4 31/01/23-31/01/24 9.0 − German automotive sector R&D budgets expected to increase from RFQ open RFQ EUR 5
Slide 12: Forecast FY 2024/2025 and ambition for FY 2025/2026
Forecast FY 2024/2025 and ambition for FY 2025/2026 Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Total EBIT Operating EBIT Revenues FY 24/25 Cashflow FY 25/26 Moderately down yoy Significantly up yoy to Significantly down yoy, Margin: 6-9% based on (FY 2023/2024: positive value
Slide 13: Summary and outlook
Summary and outlook − Changing market dynamics resulted in weaker call-offs and underutilization in Germany Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 − Continued growth internationally − EBIT impacted by underutilization and special items − Initial benefits from F3 earnings i
Slide 14: Q&A
Q&A Markus Ruf, Björn Voss 14 13.02.2025 Analyst & Investor Conferences | Bertrandt AG I February 13, 2025
Slide 15: Thank you very much for your participation!
Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Thank you very much for your participation! 13.02.2025 Do you have any questions? Please contact: bjoern.voss@bertrandt.com 15
Slide 16: Back-up
Back-up 16 13.02.2025 Analyst & Investor Conferences | Bertrandt AG I February 13, 2025
Slide 17: Financial calendar
Financial calendar 13 February 2025 Q1 2024/2025 19 February 2025 AGM (Sindelfingen) Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 15 May 2025 Q2 2024/2025, Capital Market Day (Ehningen) 04 August 2025 Q3 2024/2025 18 December 2025 FY 2024/2025, Investor, Analyst & Press conferen
Slide 18: Contact details
Contact details Markus Ruf Member of the Board, Finance Björn Voss Analyst & Investor Conferences | Bertrandt AG I February 13, 2025 Head of Group Investor Relations and M&A Bertrandt AG, Birkensee 1, 71139 Ehningen, Germany +49 7034 656 13076 bjoern.voss@bertrandt.com 13.02.2025 www.bertrandt.com 1
Slide 19: Disclaimer
Disclaimer This presentation contains, among other things, certain forward-looking statements about future developments that are based on management's current estimates. Such statements are subject to certain risks and uncertainties. If any of these or other Analyst & Investor Conferences | Bertrand