Slide 1: 2021 Annual Results
2021 ANNUAL RESULTS Presentation for investors | SFAF | 30 March 2022
Slide 2: Identity & Key figures
IDENTITY & Key figures Founded in 1986 Family owned mid-cap Consolidated 2021 revenue: 14 to 18% Close to 3,600 (ETI) €462.8 million of revenue reinvested in R&D employees around the world (independent & listed on Euronext With nearly 1,200 engineers Paris Compartment C) Presentation to investors -
Slide 3: An International Group
AN INTERNATIONAL GROUP 28 sites - 16 countries France • Germany • Spain • Italy • Poland • Czech Republic • Sweden • United Kingdom • Belgium • Tunisia • India • China • Japan • United States • Mexico • Brazil 3 16 1 4 1 1 1 1 Presentation to investors - March 2022 3
Slide 4: Our Markets & Expertise
OUR MARKETS AERONAUTICS SPACE & DEFENCE TELECOMS NETWORKS & Expertise RAIL POWER / SMART GRID OFF-HIGHWAY INDUSTRY OUR MARKETS Our expertise BUSES & COACHES Communications by satellite Network Architecture & Telecoms Infrastructure Train to track transmission & trackside safety Network supervision &
Slide 5: Business Overview 2021
i i ae ae a BUSINESS OVERVIEW 2021
Slide 6: Management of the components crisis
2021 Management of the components crisis Revenue A shortage that hides the progress made Intense in terms of commercial successes in €462.8m Growth badly affected by the shortage of components: production delays valued commercial previous years activity with major +5.5% at €28m and orders not receiv
Slide 7: Automotive OEM 2021
AUTOMOTIVE OEM* 2021 Changes to revenue by type of customer in 2021 (in € millions and %) AUTOMOTIVE 395.2 (39.4) +25.3 +5.5 +13.3 +1.0 (3.8) +0.1 403.8 €399.5m Buses & Off-highway Rail Marine Moto +2.0% 86.3% Light vehicles Trucks Coaches +6.3% (53.5%) +17.1% +11.9% +40.1% of 2021 (28.0%) +42.0% re
Slide 8: Automotive Aftermarket and MDS 2021
AUTOMOTIVE Aftermarket* and MDS** 2021 €42.6m AFM* +5.9% ▪ Slight recovery in France after the health crisis ▪ International business still badly affected by travel restrictions due to the health crisis. 9.2% of ▪ Plan to dispose of the Technical Inspection & Garage Equipment business 2021 revenue r
Slide 9: Telecommunications 2021
TELECOMMUNICATIONS 2021 €63.3m +34.5% TELECOMS Strong growth in line with the chosen diversification strategy ▪ SatCom: +27.0% 13.7% of 2021 ▪ Good progress despite delays due to then health crisis revenue ▪ Launch of the Marine phase (Egypt) ▪ Confirmation of SYRACUSE IV contract ▪ Power: +100.3%,
Slide 10: 2021 Annual Results
pe a hy tS <— Rw 2021 ANNUAL RESULTS
Slide 11: Customers: Global and diversified base
CUSTOMERS Global and diversified base 2021 REVENUE BY GEOGRAPHIC REGION (as a % of revenue by customer origin) 44.5% 47.9% 2020 2021 €438.6m €462.8m France 30.5% 27.5%% Europe (excl. France) Asia 11.3% 11.5% Americas 8.3% 8.7% 5.4% 44.3% Africa & Oceania France Europe Asia Americas Africa & France E
Slide 12: 2021 Results
2021 Results in € millions OPERATING PROFIT NET INCOME -13,6 -8,2 AUTOMOTIVE 2,9 €(9.9)m 2,1 2021 TELECOMS €(6.1)m 0,8 2021 0,1 AUTRES -7,1 TOTAL -18,6 0,8 €(6.9)m 0,4 2020 -0,5 €(19.4)m 2020 -1,2 AUTOMOTIVE AUTOMOTIVE ▪ Operations under pressure from the components crisis, increased costs, lower in
Slide 13: Headcount
HEADCOUNT Prioritisation and strict HR management BREAKDOWN BY GEOGRAPHIC REGION 31 December 2020 30 June 2021 31 December 2021 146 273 307 197 283152 1,222 1,224 1,203 3,718 3,619 3,685 1,344 1,332 1,430 648 628 633 France Europe (excl. France) Asia Americas Africa & Oceania Adaptation to the crisi
Slide 14: Principal costs: Cost control
PRINCIPAL COSTS Cost control ▪ Less efficient use of the means of production linked to the consequences of the COSTS (in € millions) components shortage (adaptation of production runs to best deliver customers => shorter production runs / stop & start operating). +9.7% +€11.6m 131.6 120.0 ▪ Personne
Slide 15: Principal costs: Priority is the recovery
PRINCIPAL COSTS Priority is the recovery BREAKDOWN OF R&D (in € millions) ▪ Priority to programmes that commit customers and prepare for the future: - R&D reinvoiced at 42.2% of expenditure committed vs. 37.0% in 2020 +5.5% 80.2 +€4.3m - Depreciation up 13.3% to €15.9m, higher than capitalisation 75
Slide 16: Key figures 2021: Net debt
KEY FIGURES 2021 Net debt 222.0 202.8 ▪ €51.4m in medium-term loans repaid – amortisation over 5 years of the government guaranteed loans put in place in 2020 as of 2021 ▪ MT funds raised • €68.6m in loans raised, of which €50.7m in government 218.8 193.5 guaranteed loans (PGE allowance completely u
Slide 17: Summary income statement
SUMMARY INCOME STATEMENT Change In €m 31/12/21 31/12/20 31/12/19 €m % Revenue 462.8 438.6 24.2 5.5% 520.4 EBITDA (1) 22.1 24.2 (2.1) (8.5%) 45.7 As a % of revenue 4.8% 5.5% 8.8% Operating income (9.9) (6.9) (3.1) (44.7%) 16.3 As a % of revenue (2.1%) (1.6%) 3.1% Financial result 3.6 (12.4) 16.0 +129
Slide 18: Summary balance sheet
SUMMARY BALANCE SHEET ASSETS in €m 31/12/2021 31/12/2020 31/12/2019 LIABILITIES in €m 31/12/2021 31/12/2020 31/12/2019 Non-current assets 179.9 190.3 194.4 Shareholders’ equity 113.6 116.1 140.4 Goodwill 24.1 24.1 24.1 Intangible assets 57.5 61.1 60.9 Tangible assets 70.0 77.4 83.9 Non-current liabi
Slide 19: Summary cash flow statement
SUMMARY CASH FLOW STATEMENT In €m 31/12/2021 30/06/2021 31/12/2020 Operations Net income for the period (6.1) (1.4) (19.4) o.w. depreciation & provisions 33.8 14.8 42.7 Change in WCR (4.4) 2.7 (1.8) Net cash flow from operating activities 16.6 12,3 24.6 Investment activities o.w. acquisitions of ass
Slide 20: Stock market information
STOCK MARKET INFORMATION STOCK MARKET INFORMATION AT 29 MARCH 2022 ▪ Share capital: 20,099,941 shares ▪ Share price: €4.5 ▪ Market capitalisation: €83.4m ▪ Euronext Paris compartment C ▪ ISIN Code: FR0000076655 – ATI ▪ Eligible for PEA PME ▪ Indices: CAC All Shares – CAC All-tradable – CAC Industria
Slide 21: An independent group: Capital at December 2021
AN INDEPENDENT GROUP Capital at 31 December 2021 5.8% 5.1% % control 7.3% % holding 6.4% Shareholders’ pact + 38.8% 24.1% 62.1% 50.2% Annual General Meeting 24 May 2022 at 5 pm at head office Appropriation of income to Retained Earnings PECH & CALMELS families (founders) Public SGPFEC SIDMIA Interna
Slide 22: Outlook
ial : a tA: OUTLOOK
Slide 23: Outlook: Key issues 2022
OUTLOOK Key issues 2022 ▪ A full order book outstripping potential supply capacity ▪ Ongoing difficulties with the supply of components, with a change of paradigm ▪ Adaptation of ACTIA’s organisation: the crisis unit becomes the “Command Centre” ▪ Intensification of customer / supplier relations to
Slide 24: Reinforcement through disposals: Debt reduction of €70m
Reinforcement through disposals Debt reduction of €70m TECHNICAL INSPECTION & GARAGE EQUIPMENT ACTIA POWER ACTIA GROUP Aftermarket (light and ultra-light vehicles) Debt reduction by about €70m OEM - Revenue of €21m in 2021 - Revenue of €22.3m in 2021 Concentration of investments in - 5.2% of Automot
Slide 25: Outlook: Roadmap
OUTLOOK Roadmap Accompany our customers through the change of paradigm, a consequence of the components crisis: promote an agile organisation dedicated to supplies, pass on the resulting direct and indirect costs Capitalise on the performance of the means of production and the capacity for innovatio
Slide 26: Growth: Solid order book
GROWTH Solid order book Capacity for acceleration largely offsetting the end of the historic contract for telematics for light vehicles ACTIA aims to exceed revenue of €800m 4 to 5 years out despite a reduced scope 520.4 476.5 462.8 432 433 438.6 381 340 304 2013 2014 2015 2016 2017 2018 2019 2020 2
Slide 27: Thank you for your attention
THANK YOU FOR YOUR ATTENTION CONTACTS ACTIA GROUP CALYPTUS Catherine MALLET Marie CALLEUX +33 (0)561 176108 +33 (0)153 656868 contact.investisseurs@actia.fr actia@calyptus.net Next publication Q1 2022 turnover: Thursday 19 May 2022 (7 am) Annual General Meeting: Tuesday 24 May 2022 at 5 pm For furth
Slide 28: Appendices
ial : a tA: APPENDICES
Slide 29: An international organisation
AN INTERNATIONAL organisation Organisation effective as of 01/01/2022 Presentation to investors - March 2022 29
Slide 30: Governance: Composition of the Board of Directors
GOVERNANCE Composition of the Board of Directors Jean Louis PECH Marine CANDELON Jean-François CALMELS Catherine MALLET Chief Executive Officer Deputy Chief Executive Officer Deputy Chief Executive Officer Deputy Chief Executive Officer Stanislas BAILLY Catherine CASAMATTA* Carole GARCIA* Laura PECH
Slide 31: Consolidated accounts: Balance sheet: Assets
CONSOLIDATED ACCOUNTS Balance sheet: Assets Consolidate assets in €k 31/12/2021 31/12/2020 31/12/2019 Goodwill 24,148 24,148 24,148 Development costs 54,971 59,518 59,496 Other intangible assets 2,511 1,585 1,386 Total intangible assets 81,630 85,251 85,030 Land 2,889 3,612 3,690 Buildings 35,556 38
Slide 32: Consolidated accounts: Balance sheet: Liabilities
CONSOLIDATED ACCOUNTS Balance sheet: Liabilities Equity and consolidated liabilities in €k 31/12/2021 31/12/2020 31/12/2019 Capital 15,075 15,075 15,075 Premiums 17,561 17,561 17,561 Reserves 89,568 106,706 101,109 Translation reserve (2,649) (4,363) (2,597) Treasury shares (162) (162) (162) Income
Slide 33: Consolidated income statement
CONSOLIDATED INCOME STATEMENT Consolidated income statement in €k 2021 2020 2019 Revenue from operations (Turnover) 462,839 438,593 520,411 - Materials and supplies (254,640) (234,617) (288,105) - Personnel costs (131,604) (119 956) (123,134) - External charges (61,930) (58,433) (77,688) - Taxes (5,
Slide 34: Focus on Forex
€/$ issue for purchasing FOCUS ON FOREX ONGOING MANAGEMENT OF GROUP NEEDS ▪ Foreign exchange hedging strategy (plan, cover, do not speculate) ▪ Process based on a range of tools (futures, options, tunnels, accumulators…) 100% 100% 80% 70% Target % coverage of 30% Group needs 0 months 6 months 12 mon
Slide 35: Our core business: Electronics on the Move
OUR CORE Business Electronics on the Move • Design, Produce and Operate. • Electronics at the service of system management. • Demanding levels of uncompromising quality. CERTIFICATES OF APPROVAL AERONAUTICS MAINTENANCE BODY PART 145 / FAA / TCCA Presentation to investors - March 2022 35
Slide 36: Strategy: Value creation
STRATEGY Value creation NETWORKS PRODUCTS SYSTEMS & SERVICES Presentation to investors - March 2022 36
Slide 37: Our commitments & our challenges
OUR COMMITMENTS & our challenges INDEPENDENCE QUALITY SMART MOBILITY CONNECTED, SUSTAINABLE & SAFE RESPONSIVENESS INNOVATION Presentation to investors - March 2022 37
Slide 38: At the service of major international customers
AT THE SERVICE of major international customers • ABB • FAURECIA • SOMFY SAS • AIRBUS • GEELY • STELLANTIS • ALLISSON TRANSMISSION • HAULOTTE • THALES • ALSTOM • INFRANOR • TOYOTA • BMW • IRIZAR • TRATON • CAF • KING LONG • VAN HOOL • CNH INDUSTRIAL • KUHN • VOLKSWAGEN • CUSTOM BUS • MANITOU • VOLVO
Slide 39: Examples of applications: Light vehicles
EXAMPLES OF APPLICATIONS Light vehicles Connectivity Carpooling Electric traction Maintenance and repairs Power management Presentation to investors - March 2022 39
Slide 40: Examples of applications: Coaches, buses and trams
EXAMPLES OF APPLICATIONS Coaches, buses and trams Eco-driving Cab and driver interface Passenger information and entertainment Secure connectivity Safety and video- surveillance Maintenance and repairs Vehicle architecture Vehicle electrification Presentation to investors - March 2022 40
Slide 41: Examples of applications: Trucks and utility vehicles
EXAMPLES OF APPLICATIONS Trucks and utility vehicles Exploitation of social data Electric control and vehicle architecture Secure Maintenance and repairs connectivity Power storage and management Management and conversion of power Presentation to investors - March 2022 41
Slide 42: Examples of applications: Off-highway
EXAMPLES OF APPLICATIONS Off-highway Human Machine Interface Maintenance and repairs Vehicle architecture Secure connectivity Power storage and Electric traction management Presentation to investors - March 2022 42
Slide 43: Examples of applications: Trains
EXAMPLES OF APPLICATIONS Trains Passenger information and entertainment Maintenance Connectivity Security and video- surveillance Storage and Power conversion management of power Presentation to investors - March 2022 43
Slide 44: Expertise: Automotive OEM
EXPERTISE Automotive OEM • ACTIA, an international player in embedded electronic systems for means of transport: light, industrial and specialist (construction and agriculture) vehicles • ACTIA designs, develops, makes production ready and produces specific products on behalf of its manufacturer cus
Slide 45: Expertise: Automotive Aftermarket
EXPERTISE Automotive AFTERMARKET • Workshop equipment and technical inspection solutions ▪ Complete range of equipment and services ▪ Multi-Diag® multi-brand diagnostics tools are a benchmark for automobile repair and maintenance ▪ A systems based approach • Fleet systems and services ▪ Development
Slide 46: Expertise: Automotive production
EXPERTISE Automotive ▪ Standardised means of production across sites. ▪ Industry 4.0 technologies. ▪ Mult-sector production capacity: complex, short, medium and long production runs. ▪ Comprehensive range of industrial services. FRANCE (Toulouse) TUNISIA (Tunis) UNITED STATES (Detroit) Finished prod
Slide 47: Expertise: Telecommunications
EXPERTISE Telecommunications • SatCom ▪ Mobile ground stations for civil and military use • Power ▪ Data management equipment for energy infrastructure • Rail ▪ Equipment for broadcasting digital television and radio, information in public transport and train to trackside communications A COMPLEMENT
Slide 48: Enterprising spirit
ENTERPRISING SPIRIT MOVING FORWARD TOGETHER www.actia.com 48