Straumann Holding Ag · SIX:STMN
Straumann — Q1 2023 Earnings Presentation
14 slides from Straumann's earnings presentation, May 3, 2023
Slide 1: 2023 Q1 Results
2023 Q1 RESULTS Webcast for investors, analysts and media Basel, May 3, 2023 1 DISCLAIMER This presentation contains forward‐looking statements that reflect the current views of management, and which are subject to known and unknown risks, uncertainties and other factors that may cause actual result
Slide 2: Agenda / Highlights
AGENDA Highlights Guillaume Daniellot Financials Marcel Kellerhals Recent achievements & strategy Guillaume Daniellot Outlook 2023 Guillaume Daniellot Q&A and upcoming events Guillaume Daniellot, Marcel Kellerhals 3 3 HIGHLIGHTS Guillaume Daniellot, CEO 4 2 4
Slide 3: Achieving growth in a challenging environment
ACHIEVING GROWTH IN A CHALLENGING ENVIRONMENT Revenue in CHF Organic revenue growth1 Regional performance 596m 3.4% China VBP Dynamic patient flow in almost all regions Strong currency headwinds COVID 19 and ASP impact in the Chinese market Digital solutions Orthodontics Outlook 20232 Smilecloud Cle
Slide 4: Major effects impacting industry dynamics in China
MAJOR EFFECTS IMPACTING INDUSTRY DYNAMICS IN CHINA Patient flow Volume Based Procurement (VBP) Covid 19 January February March 7 7 BUSINESS AND REGIONAL REVIEW Marcel Kellerhals, Head Investor Relations 4 8
Slide 5: Revenue development breakdown
REVENUE DEVELOPMENT BREAKDOWN REVENUE DEVELOPMENT IN CHF MILLION, ROUNDED 1.1% in CHF 12 ‐25 3.4% 24 organic 8 596 589 8 576 ‐21 Change in organic growth 9.2% 7.2% -23.5% 20.0% Revenue FX effect M&A effect Adjusted EMEA NAM APAC LATAM Revenue Q1 2022 revenue Q1 2023 base 9 9 RECENT ACHIEVEMENTS & ST
Slide 6: Driving digital transformation in dentistry
DRIVING DIGITAL TRANSFORMATION IN DENTISTRY Customer Commercial Experience boost Service Operation Platforms efficiency Digital Ambition Digital Data & Tech Capabilities Digital Cyber Mindset Security 11 11 UNIQUE CUSTOMER EXPERIENCE TO DRIVE GROWTH 1 Engage 2 Diagnose 3 Plan 4 Treat 5 Monitor Patie
Slide 7: Smilecloud launched in Europe
SMILECLOUD LAUNCHED IN EUROPE CLINICAL BENEFITS TO MEET CUSTOMER NEEDS Smilecloud Data Design Workflows seamless centralized predictable connection fragmented unpredictable disconnected 13 13 ENTERING DYNAMIC NAVIGATION FOR SURGERY during dental procedures. 3D‐visualization flexibility to adapt free
Slide 8: Digital transformation boosting the core business
DIGITAL TRANSFORMATION BOOSTING THE CORE BUSINESS Straumann AXS 15 15 LAUNCHES IN ORTHODONTICS TO SUPPORT CLINICIANS’ BUSINESS SUCCESS Treating complex cases Speeding up treatment planning 16 8 16
Slide 9: New pontics, bars and guides workflow
NEW PONTICS, BARS AND GUIDES WORKFLOW MAKES IT EASIER TO TREAT PATIENTS WITH MISSING OR ERUPTING TEETH Pontics Tooth‐shaped placeholder created in the space of missing teeth (existing or created space) Bars Bar‐shaped placeholder created in the space of several missing teeth. Offers more structural
Slide 10: Enhanced software provides more intuitive experience
ENHANCED SOFTWARE PROVIDES MORE INTUITIVE EXPERIENCE, HELPING TO ACHIEVE MORE OPTIMAL TREATMENT SETUPS Doctor Portal Collaborator Suite + Treatment Planning Dynamic Prescription Form Optimization Services 19 19 CUSTOMER AND PATIENT CENTRIC DIGITAL TRANSFORMATION IMPROVING OUR VALUE PROPOSITION IN OR
Slide 11: Untapping our CHF 19bn addressable market
BUILDING STRONG BRANDS International Dental Show Europe Greater Taipei Dental exhibition APAC | Chicago Midwinter North America | AEEDC Middle East/North Africa 21 21 UNTAPPING OUR CHF 19BN ADDRESSABLE MARKET 6 5.2 5.1 5 2.7 2.7 0.7 2.3 4 Market size in CHF bn 3 2 1 Market share ~50% ~15% ~5% 0 >45%
Slide 12: Outlook 2023
OUTLOOK 2023 23 OUTLOOK 2023 Market environment and assumption Revenue and profitability1 • Group believes global patient flow will • Group aims to achieve organic revenue remain stable growth in the high single‐digit percentage range versus the prior year • Outgrow the market which is expected to g
Slide 13: Thank you, any questions?
THANK YOU ANY QUESTIONS? 25 25 CALENDAR OF UPCOMING EVENTS 2023 Event Location 10‐11 May Exane BNP Paribas European Roadshow Paris & London 25 May Mirabaud Conference Geneva 13‐14 June Stifel Swiss Equity Conference Interlaken 22 June J.P. Morgan Conference London 27‐29 June Jefferies USA Roadshow L
Slide 14: Currency exposure
CURRENCY EXPOSURE Exchange rates development 2021 – Mar 2023 . 120 110 Revenue breakdown Q1 2023 100 CHF Other 1% 90 21% EUR 80 33% 12.2020 03.2021 06.2021 09.2021 12.2021 03.2022 06.2022 09.2022 12.2022 03.2023 BRL USDCHF EURCHF CNYCHF BRLCHF 6% CNY FX sensitivity Average exchange rates (rounded) C