Delignit Ag · XETR:DLX
Delignit — Hamburger Investorentage 2024
27 slides from Delignit's conference presentation, Aug 22, 2024
Slide 1: Delignit AG – Resilience & Sustainability since 1799
Ecological material for technological applications Delignit AG – Resilience & Sustainability since 1799 Company Presentation │ Hamburger Investorentage 2024 www.delignit-ag.de | 22.08.2024
Slide 2: Agenda
Agenda Business model Market environment Financials 1st half year & guidance 2024 Further Outlook Delignit share © Delignit AG / 22.08.2024 2
Slide 3: Ecological responsibility through a focus on renewable raw materials – since 1799
Ecological responsibility through a focus on renewable raw materials – since 1799 SUSTAINABLE RAW MATERIAL BASE 225th anniversary of the Blomberger Holzindustrie GmbH 2024 Mortality rate Code of Conduct ensures to act in line with SOP Delignit North ø 2021 – 2023 of all tree species in % America Inc
Slide 4: Delignit key end-markets are underpinned by long-term and sustainable growth drivers
Delignit key end-markets are underpinned by long-term and sustainable growth drivers BUSINESS UNITS / GROWTH DRIVERS Key growth drivers Automotive Growing e-commerce drives demand for light commercial vehicles (LCV) with 6.1% CAGR until 2029* E-Mobility trend in LCV market with >36 % CAGR for eLCV’s
Slide 5: Expansion order for a top-selling LCV reconfirms the strategy "more revenues per vehicle"
Expansion order for a top-selling LCV reconfirms the strategy “more revenues per vehicle“, which has been consistently implemented over the last decade DELIGNIT PRODUCT PORTFOLIO IN LCV MARKET / REVENUE PER VEHICLE Delignit LCV solutions Revenue per vehicle Multifunctional rails > 1,400 €/LCV 1,400
Slide 6: Agenda
Agenda Business model Market environment Financials 1st half year & guidance 2024 Further Outlook Delignit share © Delignit AG / 22.08.2024 6
Slide 7: A pessimistic LCV market outlook meets strong half-year registration figures
A pessimistic LCV market outlook meets strong half-year registration figures REGISTRATION FIGURES LCV & MOTOR CARAVAN / LCV MARKET FORECAST LCV Motor caravan LCV market forecast 2024 registrations registrations growth in % in k units in k units + 15 % +9% 840 45 -12 % | Western Europe 731 42 - 8 % |
Slide 8: The trend of market slowdown becomes evident and is reflected in our OEM contracts
The trend of market slowdown becomes evident and is reflected in our OEM contracts as well as selected market peers FULFILLMENT LEVEL OEM CONTRACTS | SPOTLIGHTS OEM & PEERS Fulfillment level TOP10 OEM contracts Spotlight OEM growth in % 132% 100% 92 % 93 % 64 % Sales volume Q2 Employee cut off Book-
Slide 9: Agenda
Agenda Business model Market environment Financials 1st half year & guidance 2024 Further Outlook Delignit share © Delignit AG / 22.08.2024 9
Slide 10: Half-year financials confirm expectations of a decline in sales and profitability
Half-year financials confirm expectations of a decline in sales and profitability REVENUE AND EBITDA IN € MILLION / P&L STATEMENT Revenue EBITDA in € million in € million / % Key statements 5.9 % 9.1 % 6.4 % -23.8% Major OEM contracts sales volume is noticeably below last years quantities 48.2 36.7
Slide 11: Balance sheet and financial positions remains resilient
Balance sheet and financial positions remains resilient BALANCE SHEET | FREE CASH FLOW | NET FINANCIAL BALANCE Balance sheet Free cash flow Net financial balance as of 30.06.24 / in € million in € million in € million 50.0 50.0 +2.5 +12.8 Non-current assets 18.4 1.7 6.8 37.0 Equity 74 % Current asse
Slide 12: Guidance corridor alongside with unprecedented market uncertainty
Guidance corridor alongside with unprecedented market uncertainty REVENUE & EBITDA | GUIDANCE IMPACTS Revenue EBITDA in € million in € million / % Guidance impacts 86.1 Market opportunities in Technological 75 – 80 8.7 % 8.2 % 6-7% Applications due to available production 75.4 capacities 7,1 Downwar
Slide 13: Agenda
Agenda Business model Market environment Financials 1st half year & guidance 2024 Further Outlook Delignit share © Delignit AG / 22.08.2024 13
Slide 14: Delignit's strategy stands rocksolid: growth based on technology leadership in attractive niches
Delignit´s strategy stands rocksolid: growth based on technology leadership in attractive niches ELEMENTS OF DELIGNIT GROWTH STRATEGY Technology Product leadership 01 02 diversification Innovative solutions Cross-selling Light-weight products More revenues per vehicle Sustainable materials Technolog
Slide 15: The majority of Delignit's series contracts runs beyond 2030
The majority of Delignit‘s series contracts runs beyond 2030 MARKET POSITIONING DELIGNIT positioning Market Classic LCV transporter <3,5 tons Leasure vehicle e-transporter Majority of series supply contracts of Delignit are signed for more than 10 years 90 % of models foresee an EOP after 2030 More
Slide 16: Uncertain market environment hits weakness in e-mobility and delay in ramp up of a new LCV order
Uncertain market environment hits weakness in e-mobility and delay in ramp up of a new LCV order ILLUSTRATION e-LCV & SIDE WALL ORDER Illustration | e-LCV Illustration | side wall protection OEM series supply contract OEM series supply contract Side wall protection Nominated ramp up Nominated ramp u
Slide 17: The LCV market has still the potential to offer attractive growth opportunities in future
The LCV market has still the potential to offer attractive growth opportunities in future KEY MARKET DRIVERS OVERVIEW Growth drivers LCV Overaged fleets Market forecast Product approach E-mobility 12,0 143 % Revenue per vehicle 152 11,5 100 % 32 19 21 23 29 24 29 Ø-age in Europe 6.1 % CAGR in Europe
Slide 18: Restarting sales opportunities thanks to availability of capacities
Restarting sales opportunities thanks to availability of capacities REVENUE POTENTIAL TECHNOLOGICAL APPLICATIONS Technological Applications Business share annual potential H1 performance in € million / % >15 Mio.€ in € million in €m in % + 89 % 15 30 TA share TA revenues 25 4.0 10 20 15 2.1 5,0 5 10
Slide 19: Strategic product and market development - focus on technological niche markets in automotive industries
Strategic product and market development - focus on technological niche markets in automotive industries OVERVIEW DEVELOPMENT FOCUS DEVELOPMENT FOCUS Battery protection systems Delignit CellCap Underbody protection Structural components © Delignit AG / 22.08.2024 19
Slide 20: Cooperation with Amorim Cork Composites: FiberCork - sustainable solutions for e-vehicle batteries
Cooperation with Amorim Cork Composites: FiberCork - sustainable solutions for e-vehicle batteries COOPERATION OVERVIEW Delignit and Amorim cooperate to develop and market FiberCork Applications within battery packs Use as insulation material and structural component for high- voltage batteries prov
Slide 21: Sharpened investment activity to ensure both: enabling growth and maintaining financial solidity
Sharpened investment activity to ensure both: enabling growth and maintaining financial solidity INVESTMENT OUTLOOK / INVESTMENT ALLOCATION CAPEX Invest allocation 2024 in € million share in % % approx. <4 50 % Log processing 2.3 20 % Veneer production 30 % Automation Ø 21 Outlook -23 24 © Delignit
Slide 22: Growth case Delignit | track record of the past is still a commitment for the future
Growth case Delignit | track record of the past is still a commitment for the future GROWTH PATH / STRATEGIC ROADMAP EBITDA-Margin 5.4 % 4.2 % 6.3 % 9.4 % 8.0 % 7.5 % 7.5 % 9.2 % 9.3 % 7.1 % 9.8 % 8.0 % 8.7 % 8.2 % 6–7% >10 % Market entry Major order Start major LCV Market entry Major order passenge
Slide 23: Agenda
Agenda Business model Market environment Financials 1st half year & guidance 2024 Further Outlook Delignit share © Delignit AG / 22.08.2024 23
Slide 24: Intensified capital market communication to support the visibility of the share
Intensified capital market communication to support the visibility of the share SHARE DEVELOPMENT / IR ACTIVITIES / RESEARCHES Delignit share development* 5 Digital offerings incl. roadshows -35% Research-initiation 07/24 4 Earnings Calls (initial 08/24) 3 2,68 € 2 01.01.2024 01.03.2024 01.05.2024 0
Slide 25: Delignit │Questions & Answers
Delignit │Questions & Answers Market leader for cargo bay protection and securing systems for LCVs Sustainable business model since 1799 through focus on ecological materials and system solutions Long-lasting OEM contracts Markus Büscher as basis for sustainable and profitable growth CEO High organi
Slide 26: FACTSHEET
FACTSHEET COMPANY MANAGEMENT BOARD SUPERVISORY BOARD FULLY-CONSOLIDATED COMPANIES (share) Under the Delignit brand name, the Delignit AG develop, manufacture and sell ecological materials Markus Büscher (CEO) Gert-Maria Freimuth (chairman) Blomberger Holzindustrie (100 %) and system solutions from r
Slide 27: DISCLAIMER
DISCLAIMER This publication does not constitute an offer for sale or a request to purchase Delignit AG securities. By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to Delignit AG (“Delignit" or the "Company") may