Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q1 2023 Earnings Presentation
11 slides from Exel Composites Oyj's earnings presentation, May 2, 2023
Slide 1: Business Review Q1 2023
Business Review Q1 2023 Q1 2023 REVENUE EUR 28.8 MILLION AND ADJUSTED OPERATING PROFIT EUR 0.0 MILLION
Slide 2: Financial briefing, 2 May 2023
Business Review Q1 2023 Financial briefing, 2 May 2023 Paul Sohlberg Mikko Rummukainen President and CEO CFO 2 Business Review Q1 2023
Slide 3: Q1 2023 executive summary
Q1 2023 executive summary Order intake Revenue decreased YoY Adjusted operating profit decreased YoY • Order book decreased due to lower • Lower demand • Break-even level due to lower revenue demand following a lower order intake at the end of • Positive trend continued in Transportation 2022 - Cust
Slide 4: Revenue decreased due to lower demand
Revenue decreased due to lower demand Positive development in many customer industries Revenue by customer industry, Revenue share by customer industry, EUR million % Buildings and Equipment and Wind power Machinery and Transportation Defense Telecommunication infrastructure other industries electri
Slide 5: Revenue slightly up in Europe in Q1 2023
Revenue slightly up in Europe in Q1 2023 Revenue by region1), Revenue share by region1), EUR million % Europe North America Asia-Pacific Rest of the world 1) Revenue by customer location 5 Business Review Q1 2023
Slide 6: Group's adjusted operating profit at the break-even level
Group’s adjusted operating profit at the break-even level Lower revenue following also the lower starting order backlog for 2023 Our own costs remained generally in line with our expectations through Q1 2023 Raw material costs continued to stabilize 6 Business Review Q1 2023
Slide 7: Order backlog at EUR 26.5 million at the end Q1 2023
Order backlog at EUR 26.5 million at the end Q1 2023 7 Business Review Q1 2023
Slide 8: Adjusted guidance for 2023 and outlook
Adjusted guidance for 2023 and outlook Guidance for 2023 Considering the current market environment, the guidance for 2023 has been adjusted. Exel Composites expects that revenue will decrease and adjusted operating profit will decrease significantly in 2023 compared to 2022. Previously Exel Composi
Slide 9: Strategic actions and focusing operations
Strategic actions and focusing operations • Major development program started to capture attractive opportunities in wind power market • Completed sale process of the closed factory site in China • Initiated actions to adjust our capacity to temporarily softer demand • Decision made about downsizing
Slide 10: Key takeaways
Key takeaways Temporarily lower Existing and new long- demand in early 2023. Long-term growth Measures initiated to term opportunities to Revenue and adjusted picture remains improve performance be captured in Exel’s operating profit positive refreshed strategy declined 10 Business Review Q1 2023
Slide 11: For Forward Thinkers
FOR FORWARD THINKERS