Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — German Corporate Conference 2024
24 slides from Vossloh Aktiengesellschaft's conference presentation, Jan 16, 2024
Slide 1: Presentation Vossloh German Corporate Conference January 16, 2024
PRESENTATION VOSSLOH GERMAN CORPORATE CONFERENCE JANUARY 16, 2024
Slide 2: Global megatrends boost the railroads
GLOBAL MEGATRENDS BOOST THE RAILROADS Population growth The global population will grow to more than 11 billion by the end of the century. This will lead to a higher demand for transportation of people and goods. Urbanization Today, about 55 percent of people live in cities. By 2050, this share is e
Slide 3: Decarbonization is the key to limiting global warming
DECARBONIZATION IS THE KEY TO LIMITING GLOBAL WARMING TRANSPORT WITH HIGHER CO2 EMISSIONS THAN IN 1990 150 CO2 emissions in the EU 140 +25 % Transport 130 120 110 -29 % Households Energy industry 100 90 80 -38 % 70 60 Manufacturing industry, construction 50 -42 % 1990 1995 2000 2005 2010 2015 2019 S
Slide 4: Rail is the key to solving some of the most pressing challenges of our time
RAIL IS THE KEY TO SOLVING SOME OF THE MOST PRESSING CHALLENGES OF OUR TIME... RAIL AS THE MOST ENVIRONMENTALLY FRIENDLY MODE OF TRANSPORT Lower High speed train *6 CO2 emissions Long distance bus 27 Local train 41 High land use efficiency City bus 104 Car (1 passenger) 171 Improved air quality Long
Slide 5: Still too little investment in rail infrastructure in many countries
...BUT OVERALL, THERE IS STILL TOO LITTLE INVESTMENT IN RAIL INFRASTRUCTURE IN MANY COUNTRIES NUMEROUS COUNTRIES HAVE RUN ON WEAR AND TEAR WITH THE RAILROADS 575 450 346 319 245 171 187 135 143 114 115 126 67 46 *Source: Allianz pro Schiene, Per capita investments of governments on rail infrastructu
Slide 6: Rail investment programs worldwide
RAIL INVESTMENT PROGRAMS WORLDWIDE MANY COUNTRIES HAVE RECOGNIZED THIS AND ARE COUNTERACTING China Italy +50.000 km Germany €25 billion Expansion of the entire rail network ~€86 billion EU Recovery and Resilience Facility "Starke Schiene" & „Leistungs- +30,400 km und Finanzierungsvereinbarung" III €
Slide 7: Global trends and their implications
GLOBAL TRENDS AND THEIR IMPLICATIONS GLOBAL GROWTH OF RAIL AS A MODE OF TRANSPORT REQUIRES INNOVATIVE AND HIGHLY RELIABLE SYSTEM SUPPLIERS Railroad undergoing global upheaval An increasingly demanding role for suppliers / Megatrends lead to a rail renaissance / Innovations and application capability
Slide 8: Unique focus on the rail track worldwide
UNIQUE FOCUS ON THE RAIL TRACK WORLDWIDE VOSSLOH CONNECTING THE REAL AND THE DIGITAL WORLD IN RAIL INFRASTRUCTURE We are manufacturer We are maintainers We are digital Comprehensive hardware portfolio covering all applications Broad portfolio of track supply (welding and Smart offerings for conditio
Slide 9: The Vossloh Group 2022
THE VOSSLOH GROUP 2022 Identity Technologically leading group in the rail infrastructure sector with headquarters in Werdohl. We offer €1.046 billion 100+ our customers around the globe Sales revenues Countries with Vossloh integrated solutions for the rail products and services track. Market positi
Slide 10: The corporate structure
THE CORPORATE STRUCTURE FOCUS ON THE RAIL TRACK 482.1 456.1 136.0 Sales in € million, 2022 937 2.241 549 Employees* Core Components Customized Modules Lifecycle Solutions Industrially manufactured series Project-specific adapted modular Specialized services for the life cycle of products, in high qu
Slide 11: Core Components Division: Vossloh Fastening Systems
CORE COMPONENTS DIVISION VOSSLOH FASTENING SYSTEMS Leading global €341.3 million €43.7 million 260,000+ km supplier Sales revenues in 2022, EBIT 2022 of the track of rail fastening systems of which over 90 percent Core Components equipped with outside Germany division fastening systems of Vossloh /
Slide 12: Core Components Division: Vossloh Tie Technologies
CORE COMPONENTS DIVISION VOSSLOH TIE TECHNOLOGIES Market leader in €156.3 million €43.7 million 40+ million Australia and North Sales revenues in 2022 EBIT 2022 of the Produced concrete ties America Core Components division Market share 70% 75% / Rocla Concrete Tie, Inc. has formed the Tie Technolog
Slide 13: Customized Modules Division: Vossloh Switch Systems
CUSTOMIZED MODULES DIVISION VOSSLOH SWITCH SYSTEMS World leading €456.1 million €37.1 million +4.000 switches & manufacturer Sales revenues in 2022 EBIT 2022 +9.500 crossings around the system manufactured per year switches / Vossloh has been producing switches for >100 / Production of complete turn
Slide 14: Lifecycle Solutions Division: Vossloh Rail Services
LIFECYCLE SOLUTIONS DIVISION VOSSLOH RAIL SERVICES Leading service €136.0 million €11.5 million The world's only provider for rail tracks Sales revenues in 2022 EBIT 2022 supplier of the in Europe innovative High Speed Grinding process / Stationary welding plants for long rail / Services currently o
Slide 15: Vossloh is trusted by customers worldwide
VOSSLOH IS TRUSTED BY CUSTOMERS WORLDWIDE WE ARE PARTNERS OF ALL MAJOR NETWORK OPERATORS ON FIVE CONTINENTS TOP Regions Countries A selection of customers we support (2022, Sales revenues in €million) 300 279 205 200 130 123 107 100 0 Sales revenues by region (2022) 2% Africa Australia 10% The Ameri
Slide 16: Our strategic directions
OUR STRATEGIC DIRECTIONS Strengthen product Leading service into the Optimize processes and business digital era structures, institutionalize sustainability / Expand or regain cost leadership / Strengthening the conventional service / Commercial excellence & increase / Increase in volume through tar
Slide 17: We take responsibility
WE TAKE RESPONSIBILITY LONG-TERM SUCCESS REQUIRES BALANCING ECONOMIC, SOCIAL AND ENVIRONMENTAL INTERESTS Sustainability as a corporate value Group-wide sustainability strategy / enabling green mobility as a leitmotif / Sustainability Commitment of the Executive Board / Central component of the Group
Slide 18: Financial Overview Q3 2023
vossloh FINANCIAL OVERVIEW Q3 2023 \\
Slide 19: Vossloh Group: order backlog remains well above historical average
VOSSLOH GROUP ORDER BACKLOG REMAINS WELL ABOVE HISTORICAL AVERAGE ORDERS RECEIVED (in € mill.) ORDER BACKLOG (in € mill.) NOTES 962.0 945.5 137.5 146.0 Orders received reach second-highest level in a nine-month period in the 814.6 782.0 company's history, slightly down from previous year's record fi
Slide 20: Vossloh Group: sales and EBIT significantly above previous year
VOSSLOH GROUP SALES AND EBIT SIGNIFICANTLY ABOVE PREVIOUS YEAR, CONTINUED POSITIVE DEVELOPMENT IN FREE CASH FLOW KEY GROUP INDICATORS 1-9/2022 1-9/2023 NOTES Sales revenues up by 22.4 percent; all divisions achieve sales growth rates above Sales revenues € mill. 756.2 925.9 20 percent, strongest per
Slide 21: Vossloh Group: working capital program, net financial debt reduced
VOSSLOH GROUP WORKING CAPITAL PROGRAM ESTABLISHED, NET FINANCIAL DEBT SIGNIFICANTLY REDUCED COMPARED WITH SEPTEMBER 30, 2022 1-9/2022 2022 1-9/2023 KEY GROUP INDICATORS 9/30/22 12/31/22 9/30/23 NOTES Equity € mill. 625.0 625.1 636.3 Equity significantly increased compared with end of Q3/2022; equity
Slide 22: Outlook
vossloh OUTLOOK
Slide 23: Outlook: further sales growth targeted with increasing profitability
OUTLOOK FURTHER SALES GROWTH TARGETED WITH INCREASING PROFITABILITY (Sales revenues in € million) (EBIT margin in percent) 1,175-1,225 ~10 1,046 ~9.0 7.8 – 8.3 7.5 Medium-term Long-term Medium-term Long-term 2022 2023E expectation expectation 2022 2023E expectation expectation Profitability Sales re
Slide 24: Q&A Thank you for your attention
Q&A THANK YOU FOR YOUR ATTENTION!
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