Oc Oerlikon Corporation Ag · SIX:OERL
Oc Oerlikon — Q3 2023 Earnings Presentation
12 slides from Oc Oerlikon's earnings presentation, Nov 2, 2023
Slide 1: Q3 2023 Financial Results
Q3 2023 Financial Results 2 November 2023 Page 1
Slide 2: Overview Q3
Overview Q3 Sales and margins impacted by challenging markets; focusing on cost containment and strong technology pipeline; long-term demand drivers intact -25.8% ▪ Order intake -21.2% YoY FX adjusted, including +4.2% from M&A 1) FX adj.: -21.2% 764 Orders ▪ Driven by filament customers delaying inv
Slide 3: End markets impacted by challenging macro conditions
End markets impacted by challenging macro conditions 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% Down due to Impacted by PMI’s Softening Mixed Transitory Continued postponements &
Slide 4: Surface Solutions with sequentially improving margin supported by pricing and cost actions
Surface Solutions with sequentially improving margin supported by pricing and cost actions Markets Orders Sales Operational EBITDA ▪ Cautious customer purchasing behavior ▪ Increased +12.1% FX adjusted; ▪ Increased +11.9% FX adj. incl. +11.1% ▪ Improved +5.6%; margin impacted by continued in Q3 due
Slide 5: Polymer Processing Solutions impacted by order postponements; cost measures on-track
Polymer Processing Solutions impacted by order postponements; cost measures on-track Markets Orders Sales Operational EBITDA ▪ Filament market impacted by customers ▪ Impacted mainly by order ▪ Impacted by order postponements in ▪ Margin affected by operating leverage, postponing orders; no sign of
Slide 6: Q3 conclusion
Q3 conclusion Managing short-term headwinds and executing on mid-term strategy ▪ Surface Solutions with slight sales growth in Q3 (organic, FX adj.) despite contracting manufacturing PMIs ▪ Sequentially improving margin supported by cost and pricing measures 2023 guidance ▪ Polymer Processing Soluti
Slide 7: cerlikon
cerlikon
Slide 8: Appendix
ikon cerl IX Append
Slide 9: Q3 reconciliation of profitability measures
Q3 reconciliation of profitability measures EBITDA to EBIT bridge Group Surface Solutions Polymer Processing Solutions Q3' 23 Q3' 22 Q3' 23 Q3' 22 Q3' 23 Q3' 22 EBITDA 95 126 63 59 28 65 Depreciation -30 -32 -23 -25 -6 -7 Impairments -0 0 0 0 -0 0 EBITA 65 94 39 34 22 58 Amortization of Acquired Int
Slide 10: YTD reconciliation of profitability measures
YTD reconciliation of profitability measures EBITDA to EBIT bridge Group Surface Solutions Polymer Processing Solutions 9M 23 9M 22 9M 23 9M 22 9M 23 9M 22 EBITDA 319 363 182 176 127 188 Depreciation -96 -99 -75 -76 -19 -21 Impairments -0 -0 0 -0 -0 0 EBITA 223 263 108 100 108 166 Amortization of Ac
Slide 11: Investor Relations
Investor Relations Stephan Gick Stephan.gick@oerlikon.com +41 58 360 98 50 Aymeric Jamin Aymeric.jamin@oerlikon.com +41 58 360 96 59 ir@oerlikon.com www.oerlikon.com/en/investors
Slide 12: 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