Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q1 2022 Earnings Presentation
32 slides from Rosenbauer International's earnings presentation, May 10, 2022
Slide 1: Rosenbauer Group Investor & Analyst Presentation Q1 2022
Rosenbauer Group Investor & Analyst Presentation Q1 2022 Sebastian Wolf | CFO May 10, 2022
Slide 2: Disclaimer
Disclaimer This presentation was produced by Rosenbauer International AG (Rosenbauer for short) for informational purposes only. Despite the greatest care taken by Rosenbauer, no guarantee is given for the correctness and completeness of the content. This presentation may not be reproduced, transmit
Slide 3: Agenda
Agenda Agenda 1. Rosenbauer Group at a glance 2. Q1 2022 financial figures 3. Outlook Q&A Investor Presentation | 3
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity story
Equity story GLOBAL MARKET LEADER INNOVATION LEADER GLOBAL MARKET LEADER INNOVATION LEADER ■ System provider of fire-fighting ■ High R&D expenditures, Rosenbauer equipment and preventive fire Group holds around 220 patents protection ■ Pioneer in sustainability ■ Globally leading producer of technol
Slide 6: FDIC 2022: Rosenbauer reaches new heights on product and brand awareness
FDIC 2022: Rosenbauer reaches new heights on product and brand awareness ■ FDIC (Fire Department Instructors Conference; Indianapolis, April 25-30, 2022 ) with approx. 30,000 attendance largest industry show ■ First presentation of the RTX to the community in the US ■ Extremely positive feedback ■ T
Slide 7: Robotics: Co-founder of the Autonomous Operation Cluster (AOC)
Robotics: Co-founder of the Autonomous Operation Cluster (AOC) ■ Jointly development of key technologies for autonomous operation elements for mobile machinery functions and off-highway vehicles ■ Intelligent and autonomous operation of road construction equipment, cranes, firefighting equipment and
Slide 8: COVID-19 pandemic and Ukraine war: Risks for the Rosenbauer Group
COVID-19 pandemic and Ukraine war: Risks for the Rosenbauer Group Risks Customers ■ Persisting delays of vehicle handovers, but more handovers in person Supply chain ■ Due to the Ukraine war uncertain supply of chassis, difficult to integrate in production planning ■ Monitoring of scarce parts and r
Slide 9: Q1 2022 financial figures
Q1 2022 financial figures
Slide 10: Highlights
Highlights Rosenbauer Group with € 176.7 million in revenues after the first three months 2022 ■ Persisting supply chain issues, exacerbated by the Russian invasion in Ukraine, delay the finalization and handover of fire trucks ■ North-American plants and European production sites equally affected b
Slide 11: Revenues and EBIT quarterly
Revenues and EBIT quarterly in € million 800 90.0 80.0 700 70.0 60.0 36.8 50.0 600 32.5 40.0 20.0 22.1 30.0 500 9.9 8.9 20.0 2.1 3.1 4.3 1.1 0.4 3.6 10.0 400 363.6 0.0 330.3 325.6 -18.6 -10.0 300 255.9 -20.0 232.9 225.1 241.9 -30.0 218.8 219.9 206.2 201.4 175.8 176.7 -40.0 200 -50.0 -60.0 100 -70.0
Slide 12: Key financial figures
Key financial figures in € million Q1/2020 Q1/2021 Q1/2022 Change Revenues 232.9 206.2 176.7 -14.3% EBIT 4.3 0.4 -18.6 - EBIT margin 1.8 % 0.2 % -10.5 % - EBT 2.7 -1.0 -20.2 - Net profit for the period 2.2 -0.9 -15.7 - Cash flow from -45.7 -48.1 -96.6 -100.9% operating activities Investor Presentati
Slide 13: Development of revenues
Development of revenues in € million 206,2 -14,3% ■ Rosenbauer Group with € 176.7 -3,9 -7,0 million in revenues after the first -7,4 three months 2022 +0,8 176,7 -9,5 -2,5 ■ All areas affected by less shipments due to supply chain issues. Revenues from vehicles decrease even by 17.5 % ■ Only the seg
Slide 14: Development of EBIT
Development of EBIT in € million 0.4 ■ Due to a lower gross profit and increased structural costs EBIT amounted to € - 18.6 million -6,5 ■ Preventive Fire Protection reports -2.1 -2.7 again a „black zero“ -1.6 +1,1 ■ Measures to improve performance -18.6 initiated at all relevant production -7.2 sit
Slide 15: Investments, depreciation
Investments, depreciation Investments, depreciation in € million ■ Measures to improve efficiency of 5.1 5.2 4.9 plant I, Leonding (Upper Austria) 4.7 4.1 4.1 4.3 ■ Expansion of production site 3.9 Radgona (Slovenia) 3.0 3.0 ■ Further roll-out of SAP S4/Hana Q1/2018 Q1/2019 Q1/2020 Q1/2021 Q1/2022 I
Slide 16: Statement of financial position – key figures
Statement of financial position – key figures Change 1-3/2021 vs. in € million 03/31/2021 12/31/2021 03/31/2022 1-3/2022 Total assets 996.8 891.6 984.1 -1.3% Equity ratio 21.5% 25.2% 20.6% - Capital employed (ø) 658.9 610.5 633.0 -3.9% ROCE 0.1% 5.7% -2.9% - ROE -0.5% 12.8% -9.4% - Net debt 347.9 20
Slide 17: Trade Working Capital and financing
Trade Working Capital and financing Trade Working Capital Financing in € million in € million 1,044.2 975.1 1,000.0 168.2% ■ Improvement of the 162.5% Trade Working Capital 151.5% to € 431.0 million 513.2 485.5 431.0 433.2 ■ Ratio of advanced 347.9 payments 13.7% 307.1 257.5 214.1 202.7 ■ Payment on
Slide 18: Cash Conversion Cycle – current status
Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) 171 169 485.5 431 79 62 48 50 21 23 182 157 -14% -11% DIO DSO DDO DPO Q1/2021 Q1/2022 CCC TWC * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding – Days Downpayments Ou
Slide 19: T&E project to safeguard 2022 commercial targets initiated – two components
T&E project to safeguard 2022 commercial targets initiated – two components Efficiency Transparency Components ■ Identification and realization of potential ■ Starting point: Higher volatilty of business cost savings environment ■ Focus on improvement of efficiency of ■ Establish transparency ahead
Slide 20: T&E project heading toward phase 3 – specification and implementation of measures
T&E project heading toward phase 3 – specification and implementation of measures Roadmap Clarification of 1 potential (until end of April) 2 Position determination Status quo (until end of Feb.) 3 T&E initiative € 11.0 million Group Austria 4 € 3.5 million Group Germany Specification of measures €
Slide 21: Outlook
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Slide 22: Order intake / backlog
Order intake / backlog Order intake / order backlog Order intake Q1/2022 by area in € million PFP 1,219.2 1,242.9 4% (3%) 1,184.5 1,122.0 APAC 8% (13%) 933.8 CEEU 43% (37%) € 263.1 NOMA 24% (22%) million 338.1 282.3 277.6 263.1 236.2 NISA MENA 11% (15%) 10% (10%) Q1/2018 Q1/2019 Q1/2020 Q1/2021 Q1/2
Slide 23: Outlook
Outlook ■ Lately, the IMF has reduced its projection of global economic growth from 4.4 % to 3.6 % in 2022 (2021: 6.1 %) and from 3.8 % to 3.6 % in 2023. The reason for this adjustment is the war in Ukraine which is expected to have worldwide spillovers through commodity markets, trade and financial
Slide 24: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 25: Appendix
Appendix Wf
Slide 26: Executive Board and employee figures
Executive Board and employee figures Dieter Siegel Sebastian Wolf Andreas Zeller Daniel Tomaschko CEO CFO CSO CTO Corporate Development I Human Audit I Controlling I Accounting/Tax I Area CEEU I Area NISA I Area APAC I Supply Chain Management I Central Resources I Strategy I Innovation & Treasury I
Slide 27: Perspective 2030: Selected megatrends driving the firefighting industry
Perspective 2030: Selected megatrends driving the firefighting industry CLIMATE CHANGE DIGITALIZATION SOCIAL CHANGE ■ Global warming ■ USD 1.8 trillion will be invested ■ 80 years is currently the average in digitalization worldwide in 2022 life expectancy in countries with ■ 820 natural disasters ■
Slide 28: Global competitive landscape 2020/21
Global competitive landscape 2020/21 Ranking of fire fighting manufacturers 2020/21 revenues in € million ■ 2020 global Peer 1 1,035 firefighting vehicle market volume: Rosenbauer* 945 € 5,322 million Peer 2 670 (2019: € 5,050 million) Peer 3 540 ■ Approx. 20,400 vehicles Peer 4 350 (2019: 20,600) P
Slide 29: Worldwide network of production, service and sales locations
Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Asten Graz ASIA/ Telfs AUSTRALIA FRANCE Chambéry CHINA Meyzieu AMERICA Kunming GERMANY Lyons, South Dakota SINGAPORE Karlsruhe Fremont, Nebraska SINGAPORE Luckenwalde Wyoming, Minnesota PHILIPPINES Mogendor
Slide 30: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2021) Municipal Fire & Safety Equipment ARFF Customer Service Vehicles 76% Aerials Preventive Fire Protection Industrial 3% 4% other revenues Investor Presentation | 30
Slide 31: Rosenbauer share
Rosenbauer share 1-3/2021 1-3/2022 Investor FR 7% Highest price in € 49.4 48.6 BVG2) 51% Lowest price in € 36.6 35.0 2) Rosenbauer Beteiligungsverwaltung GmbH Free float3) 3) The non-voting right registered shares are 42% attributed to the free float. Closing share price in € 49.4 42.7 Market capita
Slide 32: Financial calendar
Financial calendar April 8, 2022 Publication of the results 2021 May 10, 2022 Publication of the Interim Statement Q1/2022 May 13, 2022 30th Annual General Meeting August 12, 2022 Publication of the Half-year Financial Report 2022 November 15, 2022 Publication of the Interim Statement Q3/2022 Invest
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