Slide 1: A strong fourth quarter 2021 with new orders up by 13%
A strong fourth quarter 2021 with new orders up by 13% 14 February January−December 2021
Slide 2: Content
Content • Q4/2021 highlights • Market review • Financial development • The EU taxonomy • Outlook 2022
Slide 3: International Year of Glass 2022
International Year of Glass 2022 • To acknowledge the essential role glass has and continues to have in society, the General Assembly of the United Nations has designated the year 2022 as the International Year of Glass (IYOG 2022) • As the world faces increasing environmental pressures, advanced gl
Slide 4: Q4 / 2021 Highlights
Q4 / 2021 HIGHLIGHTS January−December 2021
Slide 5: Q4 2021 highlights
Q4 2021 highlights • Order intake increased by 13% to EUR 59.1 (52.1) million • Net sales for the fourth quarter were EUR 52.6 (38.3) million, up 37% • Comparable EBITA margin improved o Q4: EUR 3.5 (2.1) million, i.e. 6.6 (5.4)% of net sales • Order backlog EUR 94.8 (63.9) million • The Board of Di
Slide 6: Architectural market Q4
Architectural market Q4 EMEA Americas Asia • Increasing market activity, particularly in • Driven by the residential glass sector, • In China, strong market recovery was Europe market recovery in North America noted and customers showed increasing continued at a good level interest in large-sized li
Slide 7: Automotive market in Q4
Automotive market in Q4 • Automotive production continued to face difficulties due to component shortages • The general market sentiment continues to be positive as the development in the automotive end market has a better outlook • Services activity was affected by the supply chain shortages • Chin
Slide 8: Glaston's segments Q4 2021 in brief
Glaston’s segments Q4 2021 in brief Heat Treatment Insulating Glass Automotive & Display • In the fourth quarter, the Insulating • After a slow start to the year, demand • Market recovery continued Glass segment’s market continued with growing demand for Heat in the Automotive market picked up in st
Slide 9: Strategic targets – performance in 2021
Strategic targets – performance in 2021 FINANCIAL TARGETS NON-FINANCIAL TARGETS Performance Performance Target Performance Performance Target 2020 2021 2020 2021 Net sales Net sales NET Measurement Net Promoter -17% + 7% SALES will start in Score Annual average 2022 > 40 clearly exceeding the addres
Slide 10: Financial Development
FINANCIAL DEVELOPMENT
Slide 11: Glaston offering shows strength in a growing market, Q4 orders up 13%
Glaston offering shows strength in a growing market, Q4 orders up 13% 11 January−December 2021
Slide 12: Net sales recovery continued in Q4, full year at 7% growth
Net sales recovery continued in Q4, full year at 7% growth 12 January−December 2021 14 February 2022
Slide 13: Americas region was the main growth contributor
Americas region was the main growth contributor FY 2021 net sales by region M€, yoy% and share of total EMEA 95,7 MEUR 52% +1% 30% Americas 55.4 MEUR 17% +24% APAC 31.5 MEUR +2% 13 January−December 2021 14 February 2022
Slide 14: Full-year EBITA margin over 6%
Full-year EBITA margin over 6% 14 January−December 2021 14 February 2022
Slide 15: Heat Treatment
Heat Treatment
Slide 16: Heat Treatment – growing demand
Heat Treatment – growing demand • The positive market trend continued and order MEUR FY 2021 Chg* Q4 Chg* intake increased by 14% 2021 • Net sales grew 48% mainly supported by the Order intake 89.0 +59% 23.5 +14% good order intake since Q4 2020 Order backlog 45.6 +45% • Q4 comparable EBITA was down
Slide 17: Insulating Glass
Insulating Glass
Slide 18: Insulating Glass - very strong end for the year
Insulating Glass - very strong end for the year • The Insulating Glass segment’s market MEUR FY 2021 Chg* Q4 2021 Chg* continued strong and orders received grew by Order intake 95.0 +25% 25.1 +13% 13% Order backlog 38.5 +48% • Due to a consistently good level of order intake during the year, Q4 net
Slide 19: Automotive & Display
Automotive & Display
Slide 20: Automotive & Display – major turnaround in 2021
Automotive & Display – major turnaround in 2021 • Increased investment activity for new MEUR FY 2021 Chg* Q4 Chg* machines, order intake up by 14% 2021 • Net sales improved due to higher order Order intake 31.2 +54% 10.0 +14% intake, but was somewhat affected by component shortages Order backlog 10.
Slide 21: Growing order intake supporting cash flow and gearing
Growing order intake supporting cash flow and gearing 21 January−December 2021 14 February 2022
Slide 22: Taxonomy
14 February 2022 January−December 2021 Taxonomy
Slide 23: The EU Taxonomy
The EU Taxonomy • Insulating Glass technologies and related services, as well as Taxonomy-eligible/non-eligible economic activities all equipment and services to solar energy technology providers, are considered enabling activities that substantially Turnover contribute to climate change mitigation
Slide 24: Outlook 2022
OUTLOOK 2022 January-December 2021
Slide 25: Glaston's outlook for 2022
Glaston’s outlook for 2022 • In 2021, Glaston’s markets saw a continued recovery and strong growth. We expect positive development to continue in 2022 with good progress for both machines and services business. At the start of 2022, our order backlog was 48% higher than the previous year providing a
Slide 26: Questions
QUESTIONS
Slide 27: Financial reports in 2022
Financial reports in 2022 Interim report January-March 2022 27 April 2022 Half year financial report January-June 2022 4 August 2022 Interim report January-September 2022 27 October 2022
Slide 28: Forward-looking statements disclaimer
This interim report provides future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation, or achievements of Glaston may substantially deviate from the estimates. Forward-looking statements relating to future prospects are subject to ris
Slide 29: Thank you!
> www.glaston.net Thank you! IR-contact: pia.posio@glaston.net 29 January−December 2021 14 February 2022