Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — FY2024 Earnings Presentation
26 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Mar 13, 2025
Slide 1: HELLA 12M 2024 Results
HELLA 12M 2024 RESULTS January 1, 2024 – December 30, 2024 March 13, 2025
Slide 2: Agenda
01 Achievements 02 Financial Results AGENDA 03 Outlook 04 Key Takeaway P.2 | HELLA 12M FY 2024 Results | Conference Call, March 13, 2025
Slide 3: Achievements
01 ACHIEVEMENTS HELLA 12M FY 2024 Results P.3 | HELLA 12M FY 2024 Results | Conference Call, March 13, 2025
Slide 4: HELLA sales above €8 billion – resilient cash and profitability performance
HELLA SALES ABOVE €8 BILLION – RESILIENT CASH AND PROFITABILITY PERFORMANCE ORGANIC SALES GREW BY 1.3% TO €8.1BN, OPERATING INCOME MARGIN DOWN TO 5.6% OUTPERFORMING GLOBAL LVP BY 240BPS WITH MISSING VOLUMES AND NEGATIVE MIX › Group reported sales +0.9% to €8.0bn › Lower Gross Profit with under-utili
Slide 5: Regionally balanced order intake – strong technology and product portfolio
REGIONALLY BALANCED ORDER INTAKE – STRONG TECHNOLOGY AND PRODUCT PORTFOLIO Lighting with successful nominations for high content technologies from US and Chinese manufacturers ▪ CBL packages (illuminated grills, logos & panels) for local Chinese US and European premium HIGHLIGHTS 24% 20% OEMs , SOP
Slide 6: Environmental protection is a key goal – strong commitment to sustainability
ENVIRONMENTAL PROTECTION IS A KEY GOAL – HELLA WITH STRONG COMMITMENT TO SUSTAINABILITY FORVIA 1st automotive company with net zero target approved by SBTi HELLA ACHIEVEMENTS 2024 2019 2025 2030 2045 base short-term target Mid-term target Net zero target Achievement of climate targets Product innova
Slide 7: Further highlights in 12M FY 2024 – recognition of HELLA's innovative power
FURTHER HIGHLIGHTS IN 12M FY 2024 – RECOGNITION OF HELLA’S INNOVATIVE POWER LAUNCHES FOR GEELY & CES 2024 AWARD PACEpilot AND CLEPA AUDI INNOVATION AWARD ❯ Aero-dynamic „Rear Wing Lighting“ ❯ FlatLight | µMX based on an LED ❯ Intelligent Power Distribution – small, fully integrated 2.4m long light l
Slide 8: Focus on sustainable profit and cash generation going forward
FOCUS ON SUSTAINABLE PROFIT AND CASH GENERATION GOING FORWARD Push key strategic initiatives to reduce cost base and increase NCF in 2025 BUSINESS DEVELOPMENT – PUSH KEY STRATEGIC INITIATIVES IMPACT 2025 RISK AND CHANCES ▬ No growth environment with strong ❯ Expand business in Asia ❯ Reduction of fi
Slide 9: Financial Results
02 FINANCIAL RESULTS HELLA 12M FY 2024 Results P.9 | HELLA 12M FY 2024 Results | Conference Call, March 13, 2025
Slide 10: HELLA sales growing – outperformance in a challenging market environment
HELLA SALES GROWING – OUTPERFORMANCE IN A CHALLENGING MARKET ENVIRONMENT › Organic sales 12M FY 2024 up 1.3%*, FX negative at -0.4% (-€35m) in the first 12 months › Reported sales 12M FY 2024 +0.9%YoY • Global LVP down especially in H2 driven by Europe • HELLA growing in Americas with ramp-up of pro
Slide 11: Lighting with growing sales – adaptive measures to improve profitability underway
LIGHTING WITH GROWING SALES – ADAPTIVE MEASURES TO IMPROVE PROFITABILITY UNDERWAY LIGHTING Growth supported by HBBL and ramp-ups In €m 12M FY 2023 12M FY 2024 External Sales (€m) 3,831 3,944 › Ramp-up of new programs for headlamps and rear combination vs. LVP lamps lead to growth in the Americas YoY
Slide 12: Electronics with stable operating income margin despite lower sales
ELECTRONICS WITH STABLE OPERATING INCOME MARGIN DESPITE LOWER SALES ELECTRONICS Negative sales growth due to slowdown in electrification and SOP delays In €m 12M FY 2023 12M FY 2024 External Sales 3,049 3,001 › Successful radar business drives growth in Americas YoY organic -1.2% › Slowdown in elect
Slide 13: LCS with decline of commercial vehicle business
LCS WITH DECLINE OF COMMERCIAL VEHICLE BUSINESS – NEGATIVE IMPACT ON SALES & MARGIN DEVELOPMENT LIFECYCLE SOLUTIONS Low demand from commercial vehicle business negatively impacted sales In €m 12M FY 2023 12M FY 2024 External Sales 1,059 1,012 › Growth of the spare parts business in Europe with incre
Slide 14: HELLA is outgrowing the market in all regions
HELLA IS OUTGROWING THE MARKET IN ALL REGIONS EUROPE AMERICAS ASIA/ PACIFIC › Global LVP down 1.1%, Europe at -4.3% INCL. ROW › HELLA Group organic* sales growth at 1.3%, outperforming approx. 240bps 57 % 20 % 23 % of group sales of group sales of group sales › Europe outperformance of ~400bps • New
Slide 15: Solid profitability and positive net income development
SOLID PROFITABILITY AND POSTIVE NET INCOME DEVELOPMENT In €m 12M FY 12M FY YoY 2023 2024 Change Gross Profit Margin down by 67bps Sales 7,954 8,025 + 0.9% › Lower GPM in Electronics and LCS because of lower COGS (6,072) (6,180) - 1.8% sales volumes and mix effects % of sales -76.3% -77.0% - 67bps R&
Slide 16: Excluding factoring, net cash flow nearly stable
EXCLUDING FACTORING, NET CASH FLOW NEARLY STABLE NET CASH FLOW Net Cash Flow down, decrease of €16m to €189m in €m and % of sales 205 -16 189 › Reduction of factoring increase (€36m vs. €53m in 12M FY 2023) › Higher Operating Cash Flow › Decrease of working capital with lower receivables 12M FY 2023
Slide 17: Outlook
03 OUTLOOK HELLA 12M FY 2024 Results P.17 | HELLA 12M FY 2024 Results | Conference Call, March 13, 2025
Slide 18: Stagnating market in 2025, Americas and Europe expected to decline further
STAGNATING MARKET IN 2025, AMERICAS AND EUROPE EXPECTED TO DECLINE FURTHER Expected global light vehicle production Expected light vehicle production per region, in million units, S&P Global Mobility per February 2025 S&P Global Mobility per February 2025 0.0% 89.5 89.5 2024 2025 Source: S&P Global
Slide 19: HELLA FY 2025 Outlook
HELLA FY 2025 OUTLOOK Company Outlook Jan 1, 2025, to Dec 31, 2025 Taking into consideration the latest S&P forecast of around 89.5 million light vehicles to be produced in 2025 Sales Between around €7.6 to 8.0 billion Currency and portfolio adjusted Operating Income Between around 5.3% to 6.0% of s
Slide 20: Key Takeaways
04 KEY TAKEAWAYS HELLA 12M FY 2024 Results P.20 | HELLA 12M FY 2024 Results | Conference Call, March 13, 2025
Slide 21: Key Takeaways
KEY TAKEAWAYS Overall solid Positive Net Income – Push Key Initiatives performance during Continuation of Outlook FY 2025 – no for sustainable profit 12M FY 2024 dividend policy market tailwinds & cash development › Sales up to >€8bn › Consolidated Net › HELLA outlook FY › Transformation of despite
Slide 22: Appendices
APPENDICES P.22 | HELLA 12M FY 2024 Results | Conference Call, March 13, 2025
Slide 23: LVP production and group sales per region
LVP PRODUCTION AND GROUP SALES PER REGION 12M FY 2023 12M FY 2024 HELLA Group sales Worldwide 7,954 8,025 in €m 4,588 4,577 Europe -0.3% 1,624 1,630 Americas +0.4% 1,742 1,818 Asia/Pacific & Rest of World +4.4% Light vehicle production Worldwide 90,469 89,489 in 1.000 units 17,966 17,189 Europe -4.3
Slide 24: Upcoming events
UPCOMING EVENTS April 16, 2025 • Prelim Q1 FY 2025 May 8, 2025 • Q1 FY 2025 May 16, 2025 • AGM July 25, 2025 • H1 FY 2025 P.24 | HELLA 12M FY 2024 Results | Conference Call, March 13, 2025
Slide 25: Disclaimer
DISCLAIMER ◦ This document was prepared with reasonable care. Certain numerical data, financial information and market data in this presentation have been rounded in accordance with commercial rounding. However, no responsibility can be assumed for the correctness of the provided information. In add
Slide 26: -ORVIA
-ORVIA (HELLA WEE ee