Slide 1: Earnings Call - FY 2019 Results STS Group AG
Investor Presentation STS Group AG Earnings Call - FY 2019 Results STS Group AG April 9, 2020 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 1
Slide 2: Andreas Becker and Ulrich Hauck will present 2019 FY results
Investor Presentation STS Group AG Andreas Becker and Ulrich Hauck will present 2019 FY results ANDREAS BECKER, CEO (LEFT) STS Board Member since 2013. 22 years of industry experience. He has been CEO of the STS Group since its foundation and occupied before several management positions within the A
Slide 3: Market & Strategy Highlights 2019
Investor Presentation STS Group AG Market & Strategy Highlights 2019 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 3
Slide 4: Achievement of key milestones in challenging markets
Investor Presentation STS Group AG Market & Strategy Highlights 2019 Achievement of key milestones in challenging markets Downturn of global Light Vehicle and European Truck markets Successful set up of Chinese production for further growth and award of > 130 mEUR order intake (life-time volume) Suc
Slide 5: Development of relevant automotive markets
Investor Presentation STS Group AG Market & Strategy Highlights 2019 Development of relevant automotive markets MHCV Europe2) (1,000 units1)) Light Vehicle Italy3) (1,000 units1)) Automotive China4) (1,000 units1)) -13.0% -2.5% -16.1% 301 267 255 7,183 6,883 7,590 7,399 131 134 123 132 131 133 214 2
Slide 6: Fully settled footprint to support aspired growth in China
Investor Presentation STS Group AG Market & Strategy Highlights 2019 Fully settled footprint to support aspired growth in China STS currently operates 3 production sites located strategically in close proximity to Chinese OEMs in the North and in the South. Thermocompression represents STS’ technolo
Slide 7: Major contract allows set up of new plant in the USA
Investor Presentation STS Group AG Market & Strategy Highlights 2019 Major contract allows set up of new plant in the USA STS got awarded by a major international truck OEM. Scope of the project will be the production of an exterior system made of SMC. The duration of the project will be over ten ye
Slide 8: Financial Highlights FY 2019
Investor Presentation STS Group AG Financial Highlights FY 2019 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 8
Slide 9: Revenues and adjusted EBITDA on level of revised guidance
Investor Presentation STS Group AG Financial Highlights FY 2019 Revenues and adjusted EBITDA on level of revised guidance all values Revenues Adj. EBITDA in mEUR 2018 -9.6% Comments: 2019 -6.0% 401.2 362.8 Revenues decreased by 9.6% yoy in FY 2019 23.7 17.6 − Significant sales decrease at BU Acous
Slide 10: Revenue decline slowed down quarter over quarter
Investor Presentation STS Group AG Financial Highlights FY 2019 Revenue decline slowed down quarter over quarter Revenues (in mEUR) Revenues by segment (in % of total revenues) -6.0% FY yoy 108.9 109.3 %-change 91.0 92.0 95.5 98.3 82.5 86.5 8% -0.5% BU Materials 31% -9.9% BU Acoustics 14% +3.7% BU C
Slide 11: Adjusted EBITDA in Q4 2019 above prior-year quarter
Investor Presentation STS Group AG Financial Highlights FY 2019 Adjusted EBITDA in Q4 2019 above prior-year quarter Adj. EBITDA (in mEUR) EBITDA Adj. EBITDA Adj. EBITDA Margin (in %) 8.1 8.4 +34.6% Q4 18 Q4 19 FY 18 FY 19 5.8 5.8 Acoustics -5.4% -3.7% -1.0% 0.0% 4.6 4.3 4.3 3.5 4.0 3.5 3.5 3.3 3.1 P
Slide 12: Free Operating Cash Flow significantly improved versus prior-year
Investor Presentation STS Group AG Financial Highlights FY 2019 Free Operating Cash Flow significantly improved versus prior-year CAPEX (in mEUR) Free Operating Cash Flow1) (in mEUR) ∑ 13.7 ∑ -5.3 ∑ 12.1 ∑ 17.4 14.5 7.3 2.4 3.6 0.9 3.2 3.7 3.1 3.2 3.8 -4.8 -6.6 -4.9 2.9 3.0 2.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 13: Trade working capital (TWC) significantly reduced
Investor Presentation STS Group AG Financial Highlights FY 2019 Trade working capital (TWC) significantly reduced TWC (in mEUR) TWC Bridge (in mEUR) Tooling Working Capital (in mEUR) w/o Tooling Working Capital w/o Tooling Working Capital not included in TWC -80.7% 67.4% 67.2% 57.7% 63.8% 65.9% 31.1
Slide 14: Leverage ratio of 2.2 as per end of Q4 2019 on a solid level
Investor Presentation STS Group AG Financial Highlights FY 2019 Leverage ratio of 2.2 as per end of Q4 2019 on a solid level Net financial debt and leverage ratio (in mEUR / multiple) Financial Debt (in mEUR) +25.7% 2018 2019 59.2 31/03 30/06 30/09 31/12 31/03 30/06 30/09 31/12 53.8 56.1 55.6 Bank l
Slide 15: Key Financials
Investor Presentation STS Group AG Financial Highlights FY 2019 Key Financials in mEUR / % Q4 2018 Q4 2019 var. in % FY 2018 FY 2019 var. in % Revenues 92.0 86.5 -6.0% 401.2 362.8 -9,6% EBITDA 1.6 1.4 -12.5% 11.9 14.6 +22.7% EBITDA Margin 1.7% 1.6% -10 bps 3.0% 4.0% +100 bps Adj. EBITDA 2.6 3.5 +34.
Slide 16: Outlook 2020
Investor Presentation STS Group AG Outlook 2020 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 16
Slide 17: Current status in the COVID-19 crisis
Investor Presentation STS Group AG Outlook 2020 Current status in the COVID-19 crisis AMERICAS EUROPE CHINA COVID-19 pandemic reached also North and All plants in Europe are closed since CW 12 Wuhan lockdown has been fully released South America Short-time work has been implemented in since April 8t
Slide 18: High uncertainties due to COVID-19 - only comparative guidance for 2020
Investor Presentation STS Group AG Outlook 2020 High uncertainties due to COVID-19 - only comparative guidance for 2020 FY 2020 Guidance (April 9, 2020) Due to high uncertainties because of actual developments related to COVID-19 pandemic, the management is only able to give a comparative guidance f
Slide 19: Capital Market
Investor Presentation STS Group AG Capital Market Personal & third party confidential www.sts.group STS Group © 2020 Slide / 19
Slide 20: Upcoming conferences and relevant publications in 2020
Investor Presentation STS Group AG Capital Market Upcoming conferences and relevant publications in 2020 APRIL 28/29, 2020 MKK Munich Capital Market Conference, Munich MAY 13, 2020 Publication of Quarterly Report (Q1) JUNE 18, 2020 Quirin Champions Conference, Frankfurt am Main JUNE 23/24, 2020 CF&B
Slide 21: Q&A Session
Investor Presentation STS Group AG Q&A Session Personal & third party confidential www.sts.group STS Group © 2020 Slide / 21
Slide 22: Disclaimer
Investor Presentation STS Group AG Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in pa
Slide 23: Thank you for your attention!
Investor Presentation STS Group AG Thank you for your attention! Contact us Stefan Hummel Head of Investor Relations ir@sts.group +49 811 124494 12 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 23
Slide 24: Appendix
Investor Presentation STS Group AG Appendix Personal & third party confidential www.sts.group STS Group © 2020 Slide / 24
Slide 25: Net income -12.1 mEUR in FY 2019 significantly below prior year
Investor Presentation STS Group AG Appendix Net income -12.1 mEUR in FY 2019 significantly below prior year Adj. EBITDA / Net Income Bridge FY 2019 (in mEUR) -3.0 17.6 14.6 -6.5 -4.8 -12.1 -21.1 -5.6 Adj. Adj. EBITDA D&A EBIT Interest/ Net Net EBITDA Tax Income Income FY 2019 FY 2018 Comments: Perso
Slide 26: Automotive market development puts pressure on share
Investor Presentation STS Group AG Appendix Automotive market development puts pressure on share Share information Share price last 12 months (Xetra) 90 Trades in 1,000 pcs. Share price in % 40,00% 80 ISIN DE000A1TNU68 70 20,00% 0,00% Number of 60 6,000,000 Shares 50 -20,00% 40 -40,00% Market Cap 13