Accelleron Industries Ag · SIX:ACLN
Accelleron Industries — H1 2024 Earnings Presentation
22 slides from Accelleron Industries's earnings presentation, August 2024
Slide 1: H1 Results Media and Investor Conference 2024
1s Switz Ltd, All rights reserved
Slide 2: Important notices
Important notices This presentation has been prepared for information purposes only and may in Particular not be used in making any investment decision. Copies of this presentation May not be sent to countries, or distributed in or sent from countries, in which this is barred ‘or prohibited by law.
Slide 3: Agenda
Agenda 3 H1 Results Media and Investor Conference 2024 Aj/
Slide 4: Half-Year Results Conference 2024 - Agenda
Half-Year Results Conference 2024 - Agenda Time (CET) Topic Presenter 1. Agenda 2. Key Highlights and market developments H1 2024 Daniel Bischofberger (CEO) 09:30 - 10:30 3. Financial Review H1 2024 and Outlook Adrian Grossenbacher (CFO) 4. Q&A 4 H1 Results Media and Investor Conference 2024 ‘Turbo
Slide 5: Key Highlights & Market Developments of First Half-Year 2024
O?2 Key Highlights & Market Developments of First Half-Year 2024 Aj/
Slide 6: Results H1 2024
Results H1 2024 Strong financial performance for first half of 2024 - Strong revenue growth of +14.5% (+6.5% organic, 12.7% nominal) - Attractive op. EBITA margin of 25.4%, resulting from operating leverage and cost management - Cash flow conversion of 34% (17% in H1 2023) * Net income increase to U
Slide 7: Results H1 2024: Exceeding expectations
Results H1 2024 Exceeding expectations Positive market dynamics lead to financial performance above expectations: Continued strong merchant marine new and service business Large service orders in Navy and Power Growing demand from new data centers Successful capacity expansion in fuel injection .. m
Slide 8: Outlook
Outlook Marine markets and energy markets (status March 27) Marine market Container Tanker/bulker Cruise & ferries Specialized += + dh Energy market Gas compression Medium Speed High Speed Gas Backup Power Power Power (+) = += += de 8 H1 Results Media and Investor Conference 2024 ©Turbo Systems Swit
Slide 9: Outlook
Outlook Marine markets and energy markets (update August 27) Marine market Container +(=) Energy market Gas compression 9 H1 Results Media and Investor Conference 2024 Tanker/bulker Cruise & ferries Specialized + += + Medium Speed High Speed Gas Backup Power Power Power += += de IEE Improvement to g
Slide 10: Energy - electric power applications
Energy - electric power applications Overview of relevant categories Back-up power Mostly HS Prime Power & Balancing (incl. CHP, Biogas,...) HS & MS = oe , } iM Server room of a data center MS engine power plant District heating plant with ICE Biogas plant Applications Mission critical applications;
Slide 11: Fuel injection
Fuel injection Acquisition of OMC2 and market update Market Development Strategy + Fuel injection market still fast-developing, dual-fuel * Defend and expand market leader position in Low- applications increase scope of equipment per engine speed applications * Production capacity main constraint +
Slide 12: Digital solutions
Digital solutions Acquisition of TNM (True North Marine) Market Development Strategy + Vessel Performance Optimization is becoming an * Accelerate the journey in marine digitalization and important driver of decarbonization expand Tekomar XPERT in scope and reach TNM’s solutions complement Accellero
Slide 13: Acquisition of TNM (True North Marine)
Acquisition of TNM (True North Marine) Digital weather routing and voyage optimization 13 TNM provides weather routing guidance and voyage optimization, including advisory services from pre-voyage estimates to post-voyage claims Headquartered in Montreal (CA) and established in 2013 50 employees inc
Slide 14: Financial Review HY 2024 and Outlook
Financial Review HY 2024 and Outlook 14 H1 Results Media and Investor Conference 2024 Aj/
Slide 15: Group Performance
Group Performance Strong growth and substantial margin accretion Revenues and growth Op. EBITA & margin $m $m % YoY growth 12.7% Margin 24.1% 25.4% 18 505 449 108 2023 H1 2024 H1 2023 H1 H1 Results Media and Investor Conference 2024 2024 H1 Highlights Revenues Op Good market development in H1. Growt
Slide 16: High Speed Performance
High Speed Performance Strong operational EBITA margin Revenues and growth Op. EBITA & margin Highlights $m $m Revenues + Temporary reduction in the US gas compression business due to customers % YoY growth (3.3%) Margin | 25.8% 26.0% destocking. Power generation largely stable. Growth in back-up po
Slide 17: Medium & Low Speed Performance
Medium & Low Speed Performance Healthy operating leverage driving margin accretion Highlights Revenues and growth Op. EBITA & margin Revenues $m $m * Continued robust merchant marine new business demand. Strong service business demand in merchant marine medium speed over-compensating for slight redu
Slide 18: Op. EBITA to Net Income Bridge
Op. EBITA to Net Income Bridge Improvement of net income due to reduction of non-operational build-up costs 128 m $ eT (10) (2) Operational One-off and Acquisition Income from EBITA non-operational related Operations expenses amortization 18 H1 Results Media and Investor Conference 2024 Finance/Inte
Slide 19: Free Cash Flow Conversion
Free Cash Flow Conversion Low cash flow conversion in H1 Free cash flow and conversion over net income $m 2023 H1 2024 H1 Net income 47 89 Depreciation & amortization (D&A) 13 16 Change in net working capital and other! (39) (62) Net cash provided by operating activities 21 43 Capital expenditure (1
Slide 20: Financial Guidance 2024
Financial Guidance 2024 Assuming normalized business environment Mid-term! 4-7% (organic?) REVERS renin 9-12% incl. acquisitions 2-4% (organic?) Operational EBITA . ~25% 23-26% margin? Free cash flow fan® 90-100% 90-100% conversion Net leverage 0.5-1.5x 0.5-1.5x Dividend policy In line with FY guida
Slide 21: Thank you
Than Media Niina Eschmann VP Communications & Marketing media@accelleron-industries.com Turbo Systems Switzerland Ltd Bruggerstrasse 71A CH-5400 Baden accelleron-industries.com 21 @Turbo Systems Switzerland Ltd K YOU! Investors Michael Daiber VP Strategy and Investor Relations investors@accelleron-i
Slide 22: Accelleron
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