Oc Oerlikon Corporation Ag · SIX:OERL
Oc Oerlikon — Q1 2023 Earnings Presentation
13 slides from Oc Oerlikon's earnings presentation, May 3, 2023
Slide 1: Q1 2023 Financial Results
Q1 2023 Financial Results 3 May 2023 Page 1
Slide 2: Overview Q1
Overview Q1 Q1 with continued execution – cost and pricing measures to phase in throughout 2023 -13.9% ▪ Order intake -10% YoY at constant FX, including +2% from M&A 1) FX adj.: -9.7% 790 681 Orders ▪ Driven by filament customers delaying investment decisions, as anticipated ▪ Surface Solutions book
Slide 3: Challenging end markets
Challenging end markets Polymer Processing Solutions Surface Solutions Filament Non-Filament General Ind. & Tooling Automotive Luxury Aviation 1) 31% of 2022 Group sales 19% 25% 13% 7% 6% Customers delay Flow Control Softening Growth as Growth Continued investments supports industrial activity short
Slide 4: Surface Solutions with higher sales - EBITDA transitorily impacted
Surface Solutions with higher sales - EBITDA transitorily impacted Markets Orders Sales Operational EBITDA ▪ Softening industrial activity ▪ Increased +6.3% FX adjusted ▪ Increased +17.5% FX adjusted including ▪ Impacted by sales mix and higher input +5.4% from Riri acquisition consolidated costs (l
Slide 5: Polymer Processing Solutions in-line with expectations
Polymer Processing Solutions in-line with expectations Markets Orders Sales Operational EBITDA ▪ Filament market impacted by customers ▪ Impacted by postponements in filament ▪ Increased +5% FX adjusted, supported ▪ Margin impacted by sales mix and postponing orders by robust H1 orderbook coverage i
Slide 6: Leveraging core competencies into new areas: Battery shielding
Leveraging core competencies into new areas: Battery shielding Leadership in surface Expanded into heat Oerlikon global reach 1 and materials knowhow 2 shielding technology 3 and customer base ▪ Surface Solutions with long-standing track record ▪ Acquired thermal insulation systems business ▪ Oerlik
Slide 7: On track with 2030 ESG targets
On track with 2030 ESG targets 2022 updates Significant progress towards 2030 targets 0 ▪ GHG emission intensity -17% (Scope Reduce emissions 1&2) with more renewables and energy (scope 1&2) in Reduce % of 21% efficiency actions, e.g. 18 sites now use relevant operations 28% 100% green electricity t
Slide 8: Mid-term strategy execution on track – pro-actively approaching short-term macro headwinds
Mid-term strategy execution on track – pro-actively approaching short-term macro headwinds Polymer Processing Solutions executing well with continued growth in 1 non-filament and cost-out program to be implemented in H2’23 2023 2 Cost and pricing measures to enhance margins in Surface Solutions guid
Slide 9: cerlikon
cerlikon
Slide 10: Appendix
ikon cerl IX Append
Slide 11: Q1 Reconciliation of Profitability Measures
Q1 Reconciliation of Profitability Measures EBITDA to EBIT bridge Group Surface Solutions Polymer Processing Solutions Q1' 23 Q1' 22 Q1' 23 Q1' 22 Q1' 23 Q1' 22 EBITDA 114 112 58 56 55 58 Depreciation -31 -33 -24 -25 -7 -7 Impairments 0 0 0 0 0 0 EBITA 83 79 34 31 48 51 Amortization of Acquired Inta
Slide 12: Investor Relations
Investor Relations Stephan Gick Stephan.gick@oerlikon.com +41 58 360 98 50 Peter Dickson Peter.dickson@oerlikon.com +41 58 360 96 39 ir@oerlikon.com www.oerlikon.com/en/investors
Slide 13: Disclaimer
Disclaimer OC Oerlikon Corporation AG, Pfäffikon, (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the trut