Draegerwerk Ag & Co. Kgaa · XETR:DRW8
Draegerwerk Ag & Co. Kgaa — Drägerwerk AG & Co. KGaA — FY2020 Earnings Presentation
26 slides from Draegerwerk Ag & Co. Kgaa's earnings presentation, Mar 4, 2021
Slide 1: Analyst Conference
Analyst Conference Drägerwerk AG & Co. KGaA March 4, 2021, Lübeck
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities. No money, securities or other consideration is being solicited by this presentation. This presentation contains forward-looking statements regarding the future d
Slide 3: Control element & communication rules
Control element & communication rules Control application Maximize and minimize the control application Shows an unmuted microphone. The group hears you speaking. Enlarge your presentation window Hand sign: Use it during the Q&A session if you would like to ask a question. Communication rules in the
Slide 4: For your information: We are recording
For your information: We are recording This earning call will be recorded. We will consider your continued participation as your consent to the recording and publishing. This will allow investors who cannot attend the webinar today to inform and familiarize themselves with the content. 4
Slide 5: Highlights 2020, Financials 2020, Outlook 2021
Dräger Highlights 2020 Financials 2020 Outlook 2021 5
Slide 6: Ein Marathon. Viele Geschichten.
Ein Marathon. Viele Geschichten.
Slide 7: Consumables, FFP masks, Ventilation, Patient Monitoring
Consumables FFP masks Ventilation (Evita) Patient Monitoring Workplace Infrastructure Service Training 7
Slide 8: Securing the supply chain and workforce flexibility
Securing the supply chain: Hiring and training ~350 High flexibility of our workforce 500 parts from 120 supplier new employees in production and production plant allowed us and logistics to quadruple our weekly ventilator output 8
Slide 9: FFP masks: 3 new production sites
To meet the high demand for Global production network with Dräger Webshops giving private FFP masks, we set up 3 new 5 sites will serve customers consumers access to high production sites beyond Corona quality FFP masks New production sites Existing production sites 9
Slide 10: Dräger Service helped customers keep ICUs operational
Dräger Service helped customers Ad-hoc support for Planning and installing to keep their ICUs operational the regions hit hardest by compressed air systems the pandemic for emergency clinics 10
Slide 11: The Dräger Triangle
The DRÄGER TRIANGLE is the next step in the evolution of the One Dräger idea 11
Slide 12: Innovation
Innovation −Market introduction of the new EVITA V600/V800 and Babylog VN600/VN800 ventilators −15 new and extended medical devices and 4 new accessory products −12 new safety technology products Dräger SARS-CoV-2 rapid antigen test −Can be carried out within a few minutes without a medical speciali
Slide 13: Financials Fiscal Year 2020
FINANCIALS Fiscal Year 2020
Slide 14: Dräger Group Financial performance
Dräger Group Financial performance Net Sales (in EUR million) EBIT (in EUR million) Highlights − Strong order entry driven by high demand +25.7% 11.6% for COVID-19 relevant products. FX adjusted Margin − Orders on hand above prior year’s level +22.5% Nominal − Strong year-end business 396.6 − Higher
Slide 15: Dräger Group Key Figures
Dräger Group Key Figures 12M 2019 12M 2020 Change € million € million % Cashflow (from operating activities) 164.4 460.0 >+100.0 Investments 121.4 178.0 46.7 1 Cash and cash equivalents 196.3 497.3 >+100.0 Net financial debt 1 88.7 187.1 >+100.0 Net financial debt 1 /EBITDA 2 0.5 0.4 Capital employe
Slide 16: Medical division
Medical division Financial performance Order Entry Net Sales EBIT +48.6% +36.0% +>100% FX adjusted FX adjusted 14.3% EBIT- +44.6% +32.2% 0.8% margin Nominal Nominal EBIT- 2,499 margin 329.4 2,302 1,729 1,742 13.1 2019 2020 2019 2020 2019 2020 Comments Q4 FY Order − COVID-19 drives exceptional high d
Slide 17: Safety division
Safety division Financial performance Order Entry Net Sales EBIT +23.3% +8.5% +25.7% FX adjusted FX adjusted 5.1% 6.1% EBIT- EBIT- +20.6% 1,288 +6.3% margin margin 1,068 Nominal 1,039 Nominal 1,104 55.8 67.2 2019 2020 2019 2020 2019 2020 Comments Q4 FY Order − Strong increase in demand for light bre
Slide 18: Adjustment of capital structure (1 of 2)
Adjustment of capital structure Termination of participation certificates (1 of 2) 5 share types 2 share types Participation Certificates Distributable Earnings (Genussscheine) Common- and Series A 32% Preferred shares Series K Series D 100% Common- and 68% Preferred shares 18
Slide 19: Adjustment of capital structure (2 of 2)
Adjustment of capital structure Termination of participation certificates (2 of 2) + ca. ~-10pp +> ~27% 31% 100% Earnings per share Equity ratio Net financial debt (pro forma Dec. 2020 after termination of (Dec. 31, 2020 after termination of (Dec. 31, 2020 after termination of participation particip
Slide 20: Tender offer for Participation Certificates (1 of 2)
Tender offer for Participation Certificates (1 of 2) − In order to optimize our capital structure we are currently awaiting offers for the 566,819 Profit Participation Certificates (Genussscheine) Series D issued by Dräger. − The offer is not made to any U.S. Person (as defined in Regulation S under
Slide 21: Tender offer for Participation Certificates (2 of 2)
Tender offer for Participation Certificates (2 of 2) Depending on the amount of financial instruments tendered, the following effects on several key figures of the Dräger Group are likely to occur: − Tender offer to Participation Certificates Series D Tendered volume (€ million) EUR ~100m − Offer pe
Slide 22: Outlook Fiscal Year 2021
OUTLOOK Fiscal Year 2021
Slide 23: Dividend proposal for FY 2020
Dividend proposal for FY 2020 2019 (in EUR million) 2020 (in EUR million) Net profit* 33.4 250.2 Dividend 4.3 4.5 ▪ Participation certificates** 1.6 1.6 ▪ Common shares 1.3 1.3 ▪ Preferred shares 1.4 1.6 Net payout ratio 13.0% 1.8% Dividend per common share preferred share Dividend policy Until the
Slide 24: Outlook FY 2021
Outlook FY 2021 2020 guidance1 2020 2021e Net Sales growth 1.0 % – 4.0 % 26.1 % -7.0 % to -11.0 % (net of currency effects) EBIT margin 1.0 % – 4.0 % 11.6 % 5.0 % to 8.0 %2 Gross profit margin Prior year’s level (42.7%) 47.2 % Prior year’s level +/-1 pp +/-1 pp. Dräger Value Added EUR -70m to +20m E
Slide 25: Questions & Answers
Questions & Answers Drager Drager. Technology for Life®
Slide 26: Dräger. Technology for Life
Drager. Technology for Life®
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