Teleste Corporation · OMXHEX:TLT1V

Teleste — Q3 2022 Earnings Presentation

21 slides from Teleste's earnings presentation, November 2022

Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the Company. The information on which it is based has not been independently verified by any other person. This presentation is not intended to provide the basis of any investment decision and should not be considered as a recommendation by the Compa
Slide 3: Summary Q3 2022
Summary Q3 2022 Strong demand continues, adjusted EBIT recovering, cash flow and net working capital are of concern Q3 2022 Q3 2021  Net sales 42,6 M€ 32,3 M€ +32,0 %  Adjusted EBIT 1,1 M€ 2,3 M€ -52,0 %  EBIT -4,8 M€ 2,4 M€  Adjusted earnings per share 0,04 € 0,10 €  Cash flow from operations
Slide 4: Teleste Group – Q3 2022
Teleste Group – Q3 2022  Orders received grew Year-on-Year and Quarter-on-Quarter. Order book increased 51.3 % and reached new record of 145,3 M€. 23 % (33 M€) of the orders are scheduled for delivery before end of 2022.  Net sales grew Year-on-Year and Quarter-on-Quarter. Orders and net sales inc
Slide 5: Teleste Group, January - September 2022
Teleste Group, January - September 2022 1-9 2022 1-9 2021 YoY change 1-12 2021 Orders received, M€ 155,6 124,0 25,5 % 175,5 Net sales, M€ 119,0 105,1 13,2 % 144,0 Adjusted EBIT, M€ 1,5 4,9 -68,8 % 5,5 Adjusted EBIT, % 1,3 % 4,7 % 3,8 % EBIT, M€ -4,5 8,1 -156,1 % 8,7 EBIT, % -3,8 % 7,7 % 6,1 % Adjust
Slide 7: Order Book (at the end of period)
Order Book (at the end of period) Teleste Group, M€ 160 140 145,3 120 100 108,6 M€ 80 73,2 77,1 60 71,0 40 20 0 2018 2019 2020 2021 30.9.2022 Teleste Proprietary. All rights reserved. 7 Company restricted
Slide 11: Cash Flow From Operations
Cash Flow From Operations 12 13,5 - 10,3 10 8 6 4 1Q 2 3,0 2Q M€ 0 3Q -2 4Q -4 -6 -8 - 9,7 -10 2021 2022 1-9 Teleste Proprietary. All rights reserved. 11 Company restricted
Slide 12: Balance sheet 30 September 2022
Balance sheet 30 September 2022 Assets Equity and Liabilities 152,8 152,8 Intangibles 131,9 131,9 44,4 Equity 62,0 Tangibles 45,7 13,8 67,9 Debt Inventories 10,8 37,6 49,4 Trade 28,1 Trade receivables payables 27,9 31,3 Other 22,7 20,0 18,1 receivables 13,8 5,4 Other 19,3 liabilities 21,4 18,1 Cash
Slide 13: Personnel (average during the period)
Personnel (average during the period) Discontinued operations excluded 2020 onwards 1 600 1 400 1 393 1 363 1 200 1 000 800 856 863 869 600 400 200 0 2018 2019 2020 2021 1-9 2022 Cableway divestment in 2020 Teleste Proprietary. All rights reserved. 13 Company restricted
Slide 14: Personnel (full-time equivalent at the end of period)
Personnel (full-time equivalent at the end of period) Continuing operations 855,3 862,4 Research & Development 197,1 206,6 Operations & Services 468,0 457,7 Sales & Marketing 98,7 106,2 Management & Corporate Functions 91,5 91,9 30.09.2022 30.09.2021 Teleste Proprietary. All rights reserved. 14 Comp
Slide 15: R&D costs
R&D costs 16 16% 1-9 2022 1-9 2021 14,4 M€ 11,7 10,6 14 13,5 14% 12,5 % of sales 9,8 % 10,1 % 11,7 12 10,8 12% R&D costs, M€ 10,1 % 9,8 % % of net sales 10 10% 8 7,4 % 8% 5,7 % 6 5,0 % 6% 4 4% 2 2% 0 0% 2018 2019 2020 2021 2022 1-9 Cableway divestment in 2020 Teleste Proprietary. All rights reserved
Slide 16: Investments
Investments 1-9 2022 1-9 2021 14 14% M€ 10,3 7,5 12 13,0 12% % of sales 8,7 % 7,1 % 10 11,1 10% 10,3 % of net sales 8 8,7 % 8% 7,7 % 6 7,0 6,6 6% 5,5 % 4 4% 4,5 % 2 2,8 % 2% 0 0% 2018 2019 2020 2021 2022 1-9 Cableway divestment in 2020 Teleste Proprietary. All rights reserved. 16 Company restricted
Slide 17: Return on Capital Employed
Return on Capital Employed Including discontinued operations 15% 10,2 % 10% 9,3 % 5% 1,6 % 0% -5% -4,5 % -4,7 % -10% 2018 2019 2020 2021 30.9.2022 Teleste Proprietary. All rights reserved. 17 Company restricted
Slide 18: Equity Ratio (at the end of period)
Equity Ratio (at the end of period) Including discontinued operations 60% 50% 53,3 % 51,7 % 49,5 % 48,8 % 40% 41,2 % 30% 20% 10% 0% 2018 2019 2020 2021 30.9.2022 Teleste Proprietary. All rights reserved. 18 Company restricted
Slide 19: Net gearing (at the end of period)
Net gearing (at the end of period) Including discontinued operations 100% 90% 80% 70% 60,6 % 60% 50% 40% 34,1 % 30% 20,2 % 20% 17,0 % 10% 5,9 % 0% 2018 2019 2020 2021 30.9.2022 Teleste Proprietary. All rights reserved. 19 Company restricted
Slide 20: Net Debt / EBITDA (12 mth rolling)
Net Debt / EBITDA (12 mth rolling) 5,5x 5,0x 4,5x 4,1x 4,0x 3,5x 3,0x 2,4x 2,5x 2,0x 1,5x 0,9x 0,9x 1,0x 0,5x 0,3x 0,0x 2018 2019 2020 2021 30.9.2022 Teleste Proprietary. All rights reserved. 20 Company restricted
Slide 21: Outlook for 2022 (updated)
Outlook for 2022 (updated) Teleste estimates that net sales in 2022 will reach or exceed the level of net sales of 2021 and that the adjusted operating result in 2022 will remain significantly below the adjusted operating result of 2021. Net sales in 2021 were EUR 144.0 million, and the adjusted ope

Teleste — Q3 2022 Earnings Presentation on 6ix

Teleste — Q3 2022 Earnings Presentation

Slide 1: Interim report January - September 2022

Slide 2: Disclaimer

Slide 3: Summary Q3 2022

Slide 4: Teleste Group – Q3 2022

Slide 5: Teleste Group, January - September 2022

Slide 6: Orders Received

Slide 7: Order Book (at the end of period)

Slide 8: Net Sales

Slide 9: Adjusted Operating Profit

Slide 10: Net Profit

Slide 11: Cash Flow From Operations

Slide 12: Balance sheet 30 September 2022

Slide 13: Personnel (average during the period)

Slide 14: Personnel (full-time equivalent at the end of period)

Slide 15: R&D costs

Slide 16: Investments

Slide 17: Return on Capital Employed

Slide 18: Equity Ratio (at the end of period)

Slide 19: Net gearing (at the end of period)

Slide 20: Net Debt / EBITDA (12 mth rolling)

Slide 21: Outlook for 2022 (updated)