Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q3 2024 Earnings Presentation
31 slides from Rosenbauer International's earnings presentation, Nov 15, 2024
Slide 1: Investor & Analyst Presentation
Investor & Analyst Presentation November 15, 2024 Sebastian Wolf | CEO
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: Please read the following before continuing. The following applies to this document, which has been prepared by Rosenbauer International AG (the “Company”, together with its consolidated subsidiaries, the “Group”) solely for discussion purposes in relation to the Company, to th
Slide 3: Agenda
AGENDA 01 Rosenbauer Group at a glance 02 New product releases 03 Q3 2024 Financial figures 04 Outlook 05 Q&A
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity Story
ROSENBAUER GROUP AT A GLANCE Equity Story Global market leader • System provider of fire-fighting equipment and preventive fire protection • Globally leading producer of fire-fighting vehicles • 11% RB market share of firefighting vehicles (global market volume 2022: ~ 21,300 pcs)* Unrivalled worldw
Slide 6: ESG profile
ROSENBAUER GROUP AT A GLANCE ESG profile Responsibility Development Impact Performance Our customers, fire Targets for diversity / Assembler with a CDP rating B brigades around the gender equality, work conscious consumption VÖNIX rating B globe, are the first line in safety & health, energy, of nat
Slide 7: New product releases
New product releases
Slide 8: New PANTHER 6x6 electric is open to orders
NEW PRODUCT RELEASES New PANTHER 6x6 electric is open to orders PANTHER 6x6 electric is open to orders, pre-series vehicles can be delivered by end 2025 • Full power and speed: The fully electric PANTHER 6x6 electric delivers more power, faster acceleration, and top speed than a conventionally power
Slide 9: The strongest FOX portable fire pump of all time
NEW PRODUCT RELEASES The strongest FOX portable fire pump of all time • Enhanced performance: Delivers most powerful portable fire pump in its class on the market, pumping 2,050 l/m at 10 bar • New performance benchmark: Achieving the PFPN 10-2000 standard for the first time • Two B-tube line streng
Slide 10: Q3 2024 Financial figures
Q3 2024 Financial figures
Slide 11: Highlights 1-9/2024
Q3 2024 FINANCIAL FIGURES Highlights 1-9/2024 ▪ The Rosenbauer Group increases its revenues to € 841.3 million in the first three quarters of 2024, which is 20.3% above the comparable period of the previous year • The main reasons for this are a higher number of vehicle deliveries (+22.6 %) and a st
Slide 12: Key financial figures
Q3 2024 FINANCIAL FIGURES Key financial figures Adjusted figures Change in € million 1-9/2022 1-9/2023 1-9/2024 1-9/2024 Q3/2023vs.Q3/2024 Revenues 636.7 699.1 841.3 841.3 20.3% EBITDA -10.3 33.7 56.7 52.6 163.5% EBIT -31.8 11.2 33.5 29.4 18.2 Mio EBIT margin -5.0% 1.6% 4.0% 3.5% 1.9 %P EBT -39.0 -9
Slide 13: Operational turnaround is gaining traction
Q3 2024 FINANCIAL FIGURES Operational turnaround is gaining traction in € million Revenues EBIT • Revenues have increased significantly over the past two years; with a remarkable 841.3 20.3% growth in 1-9/2024, +20.3% reaching € 841.3 million • The operating result has improved considerably, rising
Slide 14: Revenues and EBIT quarterly
Q3 2024 FINANCIAL FIGURES Revenues and EBIT quarterly in € million Revenues 26.3 1000 22.1 EBIT 19.9 Net profit 13.1 14.1 15.0 10.4 800 16.5 5.6 3.6 4.0 3.9 2.4 0.3 -4.9 0,0 600 1.3 -7.3 -0.9 -0.9 -0.3 -15.7 -4.6 -9.7 -10.7 -9.1 400 365.4 325.6 -18.6 321.0 309.0 306.7 253.0 268.8 221.5 238.6 225.6 2
Slide 15: Development of revenues
Q3 2024 FINANCIAL FIGURES Development of revenues in € million +20.3% 841.3 34.0 -0.8 • Rosenbauer Group 18.5 -11.4 increases its revenues by 699.1 101.9 20.3%, reaching € 841.3 million in the first nine months 2024 • Three out of five segments manage to expand their business 1-9/2023 Europe Middle
Slide 16: Development of average price of vehicles delivered
Q3 2024 FINANCIAL FIGURES Development of average price of vehicles delivered Average price per fire truck / vehicle body (1-9/2023 vs. 1-9/2024) in € t 441.7 405.1 320.3 299.2 Average price per fire truck Average price per vehicle body *) 1,203 fire trucks **) 1,362 fire trucks + 9% + 7% 1-9/2023* 1
Slide 17: Development of EBIT
Q3 2024 FINANCIAL FIGURES Development of EBIT in € million 1.7 -4.1 29.4 8.8 • EBIT has nearly tripled from €11.2 million to 5.8 €29.4, driven by higher 11.2 6.0 sales volumes and improved contribution margins 1-9/2023 Europe Middle East Asia- Americas PFP* 1-9/2024 • All sales areas show a & Africa
Slide 18: Investments, depreciation
Q3 2024 FINANCIAL FIGURES Investments, depreciation Investments, depreciation in € million 14.9 15.1 14.6 13.6 • Main investment projects • Expansion infrastructure Singapore 9.9 10.4 • New “Welcome Center” Karlsruhe • Roll-out of SAP S4/Hana • Capitalization rate R&D: 20.9 % (1-9/2023: 17.4 %) 1-9/
Slide 19: Statement of financial position – key figures
Q3 2024 FINANCIAL FIGURES Statement of financial position – key figures 09/30/2024 Change After capital Q3/2023 increase in € millionP 09/30/2023 09/30/2024 vs.Q3/2024 119 million Differences Total assets 1,198.6 1,283.7 7.1% 1,283.7 0.0 Equity ratio 14.3% 14.0% -0.3%P 23.0% 9.0%P Capital employed (
Slide 20: Cash Conversion Cycle – current status
Q3 2024 FINANCIAL FIGURES Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) 220 211 516 512 1-9/2023 1-9/2024 99 71 70 77 177 156 37 27 -11.9% -0.8% DIO DSO DDO DPO CCC TWC * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outst
Slide 21: Trade Working Capital and Financing
Q3 2024 FINANCIAL FIGURES Trade Working Capital and Financing Trade Working Capital Financing in € million in € million 1,200.0* 259.8% 261.2% • Trade Working Capital 1,064.5 282.1% 972.2 decreased slightly from 48.5 % to 42.7 % 484.2 467.8 • Advanced payments 516.0 512.1 444.7* 466.5 make up 27 % o
Slide 22: Outlook
Outlook
Slide 23: Order intake / backlog
Q3 2024 FINANCIAL FIGURES Order intake / backlog Order intake / order backlog Order intake 1-9/2024 by area in € million 2,199.6 Asia-Pacific PFP 8% (13%) 2% (3%) 1,757.9 1,360.5 1,233.4 1,026.5 Americas € 1,233.4 Europe 28% (28%) 46% (47%) 825.4 +20.2 % million +24.4 % Middle East & Africa 16% (9%)
Slide 24: Outlook
OUTLOOK Outlook ▪ Global growth remains stable but disappointing. In the latest edition of its World Economic Outlook, the International Monetary Fund (IMF) has left its forecast for the global economy unchanged on paper at plus 3.2% in 2024 and 2025 for the second report date in a row. ▪ Global inf
Slide 25: Thank you for your attention! Q&A
Thank you for your attention! Q&A Tiemon Kiesenhofer Head of Investor Relations +43 (0)732 6794-568 Monika Hunjadi Investor Relations Manager +43 (0)732 6794-5899 ir@rosenbauer.com
Slide 26: Appendix
Appendix
Slide 27: Executive Board and employee figures
APPENDIX Executive Board and employee figures Andreas Zeller CSO Area Europe I Area Middle East & Africa I Area Asia-Pacific I Area Americas I Customer Service & Digital Solutions I Sales Administration Sebastian Wolf Number of employees (as of reporting date) CEO Global Marketing I Global Product M
Slide 28: Worldwide network of production, service and sales locations
APPENDIX Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Asten Graz Telfs ASIA-PACIFIC FRANCE CHINA Chambéry Kunming Meyzieu AMERICAS SINGAPORE GERMANY Lyons, South Dakota Singapore Karlsruhe Fremont, Nebraska PHILIPPINES Luckenwalde Wyoming, Minnesota M
Slide 29: Leading system provider for fire protection
APPENDIX Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2023) Municipal 43% Fire & Safety Equipment ARFF Customer Service 11% Vehicles 74% 14% Aerials Preventive Fire Protection 6% 9% Industrial 10% 4% 3% other revenues 29 | Investor & Analyst P
Slide 30: Rosenbauer share
APPENDIX Rosenbauer share Investor FR 6% 1-9/2023 1-9/2024 Highest price in € 35.1 43.3 Free float* BVG** 43% 51% Lowest price in € 29.0 27.0 Closing share price in € 30.4 35.1 Market capitalization in € million 206.7 238.7 50 40 Dividend in € 0.0 0.0 30 Dividend yield in % 0.0% 0.0% 20 Earnings per
Slide 31: Financial calendar
APPENDIX Financial calendar February 14, 2025 Publication of the preliminary results 2024 April 11, 2025 Publication of the Results 2024 May 8, 2025 33rd Annual General Meeting May 14, 2025 Publication of the Interim Statement Q1/2025 August 8, 2025 Publication of the Half-Year Financial Report 2025
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