Slide 1: FUCHS Group Financial Results H1 2023
FUCHS GROUP Financial Results H1 2023 | Analyst’s Conference, 28th July 2023 | Isabelle Adelt, CFO
Slide 2: Highlights H1 2023
HIGHLIGHTS H1 2023 FUCHS SUCCESSFULLY CONCLUDES FIRST HALF-YEAR H1 2023 Outlook for €1,822 mn Sales development strongly FCF bef. acq. raised Sales up 11% yoy price-driven Sales: ~ €3.6 bn Implemented price increases from €200 mn 2022 drive H1 2023 EBIT EBIT: ~ €390 mn EBIT up 11% yoy FVA:
Slide 3: Sales Development
SALES DEVELOPMENT 1,640 11% 1,822 € mn 936 902 886 870 832 808 742 714 718 697 Q1 '21 Q2 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 l3
Slide 4: EBIT Development
EBIT DEVELOPMENT 180 11% 200 € mn 101 100 103 97 90 93 88 87 85 84 Q1 '21 Q2 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 l4
Slide 5: H1 2023 Group Sales
H1 2023 GROUP SALES € mn 234 - -52 (14%) (-) (-3%) 1,822 1,640 182 (11%) H1 2022 Organic External Currency H1 2023 l5
Slide 6: H1 2023 KPI Summary
H1 2023 KPI SUMMARY KPI in € mn H1 2023 H1 2022 Sales price-driven up 11% Sales 1,822 1,640 Gross profit up 10% by compensation of sig. cost inflation through Cost of sales -1,248 -1,116 higher selling prices in 2022, however margin of 31.5% 0.5%-pts. Gross profit 574 524 lower yoy Other functio
Slide 7: Europe, Middle East, Africa
EUROPE, MIDDLE EAST, AFRICA Sales price-driven 8% up KPI in € mn H1 2023 H1 2022 Almost all entities with double-digit growth rates; particularly Sales 1,067 987 high absolute and relative increases in Great Britain, Poland Organic growth 103 (10%) 131 (15%) and Ukraine External growth - 1 (0%)
Slide 8: Asia-Pacific
ASIA-PACIFIC Sales up 8% driven by prices despite negative currency effects KPI in € mn H1 2023 H1 2022 Australia and South-East Asia showing strong increases, thanks Sales 491 454 to positive business development and price increases Organic growth 63 (14%) -1 (0%) China still affected by a mo
Slide 9: North and South America
NORTH AND SOUTH AMERICA KPI in € mn H1 2023 H1 2022 Sales 352 300 Sales up 17% due to price increases and positive business development Organic growth 55 (18%) 48 (21%) Positive currency effects overcompensated by negative External growth - - currency effects from Argentina FX effects -3 (-1%) 2
Slide 10: Net Liquidity
NET LIQUIDITY € mn Free cash flow before acq. €164 mn l 10
Slide 11: Net Operating Working Capital (NOWC)
NET OPERATING WORKING CAPITAL (NOWC) Q4 22 vs Q2 23: Inventories - €42 mn Rec. ./. Liab. + €24 mn 965 900 845 871 853 245 748 191 236 271 671 260 720 576 215 543 164 654 635 629 Rec. ./. Liab. 495 593 Inventories 166 533 162 507 NOWC (in %) 136 410 381 359 26,7% 25,4% 25,0% 24,1% 23,4% 23,1% 24,0% 2
Slide 12: 2023 Outlook Marking a Step Towards EBIT Target 2025
2023 OUTLOOK MARKING A STEP TOWARDS EBIT TARGET 2025 STRIVING FOR ALL-TIME HIGHS IN SALES, EBIT AND FCF BEF. ACQUISITIONS March, 8th July, 28th 2022 2023 2023 KPI* in € mn Sales Organic growth from higher business volume and pricing 3,412 ~ 3,600 ~ 3,600 lag-effects Strict cost management vs. cost i
Slide 13: Different Price Developments for Raw Material Basket
DIFFERENT PRICE DEVELOPMENTS FOR RAW MAT. BASKET 200% Market Development Q2 Base oil group I and II further decreased globally 180% with a temporary uptick in Europe 160% Base oil group III remained substantially higher, however with decreases as well 140% Slight price reductions for additive
Slide 14: Financial Calendar & Contact
FINANCIAL CALENDAR & CONTACT Financial Calendar 2023/2024 Investor Relations Contact FUCHS SE October 27, 2023 Quarterly Statement 9M 2023 Einsteinstr. 11 March 12, 2024 Annual Report 2023 68169 Mannheim Phone: +49 (0) 621 3802-1105 www.fuchs.com/group/investor-relations Lutz Ackermann Head of Inves
Slide 15: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man