Slide 1: KAP AG 2022 Full Year Figures
KAP AG We build market leaders! 2022 Full Year Figures
Slide 2: Disclaimer
Disclaimer This presentation was prepared by KAP AG exclusively for the benefit and internal use of the Recipient and solely as a basis for discussion of certain issues described herein. This presentation is strictly confidential and may not be reproduced, summarised or disclosed, in whole or in par
Slide 3: Table of contents
Table of contents Eckehard Forberich Marten Julius CEO CFO 1 Company overview 2 Business model & latest M&A activities 3 Financials 2022 4 Outlook Responsibilities: strategy, Responsibilities: Finance, business development, Controlling, Investor M&A, Human Resources Relations, Internal Audit O
Slide 4: Company overview
kap ENGINEERING EXCELLENCE Company overview
Slide 5: Focus on attractive niche markets in selected industrial sectors
Focus on attractive niche markets in selected industrial sectors KAP at a glance Industrial holding focused on midsize niche markets EBITDA 2022 Revenue 2022 (normalised) Long-term segment strategy for developing market leaders with sustainable growth potential €433.5m €35.9m (+25.4 %) (+2.6 %)
Slide 6: KAP Group – Segment overview
We develop industrial products and technological solutions for international clients KAP Group – Segment overview flexible films engineered products surface technologies precision components One of the leading specialists for Leading manufacturer of technical Leading market position in surface Europ
Slide 7: Segment attractiveness
Segment attractiveness… ….underpinned by mega trends, defensible barriers to entry, and strong customer base flexible films engineered products surface technology precision components Mega trends such as global Mega trends support Light-weight trend and Growth of the group is Warming and dem
Slide 8: KAP provides integrated solutions for the cars of today and tomorrow
KAP provides integrated solutions for the cars of today and tomorrow Selected products Automotive Selected KAP products independent from combustion engine (combustion); 9% Selected KAP products with a high share of replacement parts sales Group Automotive (non- sales combustion); Selected KAP produc
Slide 9: Longer term market outlook underpinned by structural mega trends
Longer term market outlook for KAP underpinned by structural mega trends Mega trends engineered flexible surface precision kap products films technologies components Group Mega trends KAP‘s future Mobility The future of passengers and growth path is goods transport supported by s Sustainability Cons
Slide 10: Business model & latest M&A activities
Business model & latest M&A activities
Slide 11: Synergistic buy-and-build platform with active portfolio management
Synergistic buy-and-build platform with active portfolio management and value creation Business model KAP operates a professional holding structure that enables its portfolio companies to seize attractive market opportunities Buy-and-build platform: Acquisition of medium-sized family businesses that
Slide 12: Flexible films segment strengthened and focussed on growth markets
Flexible films segment strengthened and focussed on growth markets Latest M&A Deals – Haogenplast and Vinyl-Divestment Transaction rationale Located in Israel and sales focus in Middle East, Southern and Eastern Europe Haogenplast will complement KAP‘s product portfolio in the Flexible Films seg
Slide 13: Financials 2022
Financials 2022
Slide 14: Strong growth in revenues – EBITDA also up – margin below target
Strong growth in revenues – EBITDA also up – margin below target KAP Group – Highlights FY 2022 Various challenges remain: supply chain issues in automotive industry rise in energy and material costs Some clients with considerable exposure to Russia and/or building market Cost increases ha
Slide 15: Revenue and EBITDA up despite various crises
Revenue and EBITDA up despite various crises FY 2022 – Earnings position KAP Group Strong growth in revenue Revenue Normalised EBITDA (in €m) (in €m / margin in %) Multiple negative impacts weigh especially +25.4 % +2.6 % on normalised EBITDA and margin All figures in line with FY 22 guidance
Slide 16: Flexible films: strong revenue growth with solid EBITDA increase
Strong revenue growth combined with solid EBITDA increase FY 2022 – flexible films Revenue Normalised EBITDA Product line massively strengthened by (in €m) (in €m / margin in %) Haogenplast acquisition +37,9 % +23.1 % Increase in raw material and energy prices put forward quite successfully to c
Slide 17: Engineered products: more than 20 percent growth in revenue and EBITDA
More than 20 percent growth in revenue and EBITDA FY 2022 – engineered products Revenue Normalised EBITDA Improved product range and several (in €m) (in €m / margin in %) optimisation efforts with significant impacts +23.5 % +21.1 % Revenue up 23.5 % to 145.7 Mio EUR 145,7 Normalised EBITDA up
Slide 18: Surface technologies: automotive industry burdened by supply chain challenges
Automotive industry burdened by supply chain challenges FY 2022 – surface technologies Revenue Normalised EBITDA Global supply chain problems in the (in €m) (in €m / margin in %) automotive industry with impact on the +13.4 % -34.6 % segment Rising costs for energy and raw 65,3 materials were no
Slide 19: Precision components: revenue up, but EBITDA significantly down
Revenue up, but EBITDA significantly down on the backdrop of automotive industry FY 2022 – precision components Revenue Normalised EBITDA Increased prices were not fully and not (in €m) (in €m) in-time put forward to clients +17.5 % Segment with exposure to automotive manufacturers faces industr
Slide 20: Outlook
Outlook
Slide 21: High forecast uncertainty due to Russia-/Ukraine war and supply chain issues
High forecast uncertainty due to Russia-/Ukraine war and ongoing supply chain issues Outlook Results FY 22 Guidance 2023 Forecast 2023 Revenues: € 433.4 million Revenues: slightly above FY 22* Normalised EBITDA: € 35.9 million Normalised EBITDA: slightly above FY 22* Our overall assessment t
Slide 22: KAP AG as a buy & build platform for scalable medium-sized businesses
KAP AG as a buy & build platform for scalable medium-sized businesses Strategic midterm vision of the KAP Group Strategic midterm vision of the KAP Group Regions Segments Customer industries Basis: Industrial holdings in Focus on medium-sized Selected growth pockets of Germany and selected manufactu
Slide 23: KAP – Investment Case
Case What matters to us in the interest of our shareholders KAP – Investment Value-adding buy & build TOP 1-3 market positions in all platform for scalable relevant target markets mid-market businesses Recognised quality and Benefiting from mega trends in Sustainable Technological innovation leader
Slide 24: IR contact
IR contact KAP AG Kai Knitter Head of Investor Relations & Corporate Communications Edelzeller Str. 44 36043 Fulda P +49 661 103 327 E investorrelations@kap.de Please feel free to visit our Investor Relations website: www.kap.de/investor-relations