Polytec Holding Ag · VIE:PYT
Polytec — H1 2023 Earnings Presentation
35 slides from Polytec's earnings presentation, Aug 10, 2023
Slide 1: POLYTEC Group Results H1 2023
POLYTEC GROUP Hörsching, 10 August 2023 Results H1 2023
Slide 2: Agenda
AGENDA Review – Active Transformation Changes to the Management Board Financials H1 2023 Conclusion & Outlook Appendix 2
Slide 3: Review: Active Transformation
REVIEW: ACTIVE TRANSFORMATION
Slide 4: Impacts and Transformation until 2019
IMPACTS AND TRANSFORMATION UNTIL 2019 2015 2017 2018 2019 2020 2021 2022 Diesel scandal Introduction Diesel driving of WLTP restrictions Changing purchasing habits Reduction of volumes Technological changes Impacts on business model Adjustment of business model 4
Slide 5: Adjustment of Business Model
ADJUSTMENT OF BUSINESS MODEL • Changes in the market led to threats to the existing product portfolio, but at the same time opportunities from many new products & requirements • Broad technological competence allows customised solutions for individual requirements • Central bundling of competencies
Slide 6: Impacts and Transformation
IMPACTS AND TRANSFORMATION 2015 2017 2018 2019 2020 2021 2022 Diesel scandal Introduction Diesel driving Covid-19 Lack of semi conductors Ukraine war of WLTP restrictions Pandemic and materials Changing purchasing habits Supply problems, Reduction of volumes Lockdown Extremely volatile customer call
Slide 7: Successful Acquisitions in 2022
SUCCESSFUL ACQUISITIONS IN 2022 Record order intake 15 % 25 % AUTOMOTIVE POWERTRAIN RELATED 60 % AUTOMOTIVE NON- POWERTRAIN RELATED 7
Slide 8: Proactive Transformation of the Product Portfolio
PROACTIVE TRANSFORMATION OF THE PRODUCT PORTFOLIO 8
Slide 9: Innovative Future Business
INNOVATIVE FUTURE BUSINESS NEW MOBILITY CONCEPTS MULTI-WAY LOGISTICS & ENERGY New Business Applications UNDERBODY PAINTED EXTERIOR SPECIAL SERIES Automotive Automotive Powertrain- Non-Powertrain- BATTERY HOUSING Related SYSTEMS Related 9
Slide 10: On the Way to the Electrified Future
ON THE WAY TO THE ELECTRIFIED FUTURE Thermal management From the preservation of business 1 Fluid Management Battery cover 3 4 ... to New Business - 1 kg 2019 New Business 2 Underride protection BEV 2021 - 12 kg Komplettes System - 2,5 kg 5 Battery Housing System 2023 - 8 kg 2022 10
Slide 11: Sustainability @POLYTEC
SUSTAINABILITY @POLYTEC Petty ee a ECONOMICALLY FEASIBLE LS Ra + SOCIALLY BENEFICIAL ey // carbon-neutral production 2035 2020 carbon-neutral Intensification of human electricity supply for | fesources measures the plants in DE, AT, NL Expansion of photovoltaic systems Replacement of heating systems
Slide 12: Changes to the Management Board
CHANGES TO THE MANAGEMENT BOARD
Slide 13: Changes to the Management Board
CHANGES TO THE MANAGEMENT BOARD Supervisory Board resolution on 17 July 2023 Heiko Gabbert, COO recalled from the Management Board Markus Huemer, CEO took over the area of operations and handed over the financial agendas Markus Mühlböck appointed to CFO Peter Bernscher, CCO appointed to De
Slide 14: Markus Mühlböck - New CFO
MARKUS MÜHLBÖCK - NEW CFO Markus Mühlböck (37) appointed to CFO He joined the POLYTEC GROUP in 2016 and most recently held operational responsibility for finance as Senior Vice President Finance under Markus Huemer, CEO Prior to his career at POLTEC, Mr. Mühlböck worked for several years in au
Slide 15: Financials H1 2023
FINANCIALS H1 2023 oo POLYTEC
Slide 16: Key Figures H1 2023
KEY FIGURES H1 2023 Group sales revenues EUR 339.6 million (H1 2022: EUR 285.0 million) EBITDA EUR 17.0 million (H1 2022: EUR 17.7 million) EBITDA margin 5.0% (H1 2022: 6.2%) EBIT EUR 0.3 million (H1 2022: EUR 1.4 million) EBIT margin 0.1% (H1 2022: 0.5%) Earnings after tax minus EUR 3.7
Slide 17: Key Figures Quarterly – From Q2 2022 to Q2 2023
KEY FIGURES QUARTERLY – FROM Q2 2022 TO Q2 2023 17
Slide 18: Sales Revenues by Market Area H1 2023
SALES REVENUES BY MARKET AREA H1 2023 etc. 8.4% 17.6% 74.0% Passenger Cars & Light Commercial Vehicles Commercial Vehicles Smart Plastic & etc. Industrial Applications 18
Slide 19: Conclusion & Outlook
CONCLUSION & OUTLOOK POLYTEC
Slide 20: Impacts and Transformation
IMPACTS AND TRANSFORMATION 018 2019 2020 2021 2022 2023 el driving Covid-19 Lack of semi conductors Ukraine war trictions Pandemic and materials abits Supply problems, es Lockdown Extremely volatile customer call-offs, es OEMs Material & energy prices exploded Market positioning: POLYTEC SOLUTION FO
Slide 21: Current Balancing Act
CURRENT BALANCING ACT MARKET CHANGED CALL-OFF SITUATION TRANSFORMATION • Short-term plannability in general improved • Foundation created for the future • Settling of call-offs at a lower level • Product portfolio adapted • Significant shifts in the product portfolio • Acceptable level of cost forwa
Slide 22: Outlook 2023 FY
OUTLOOK 2023 FY From the current perspective, the management of the POLYTEC GROUP expects consolidated sales revenues of around EUR 650 million and positive EBIT (earnings before interest and taxes) for the 2023 financial year. The sales figures reflect the slight recovery in customer call-offs. At
Slide 23: Appendix
APPENDIX POLYTEC
Slide 24: The Equity Story of the POLYTEC Group
THE EQUITY STORY OF THE POLYTEC GROUP Specialist > SUSTAINABLE for highly > HIGH ADAPTABILITY STRATEGY complex plastic solutions > BROAD TECHNOLOGY > STABLE ECONOMIC PORTFOLIO POSITION > PROVEN RESILIENCE 24
Slide 25: Cons. Income Statement H1/Q2 2023 vs H1/Q2 2022
CONS. INCOME STATEMENT H1/Q2 2023 VS H1/Q2 2022 25
Slide 26: Cons. Balance Sheet 30.06.2023 vs 31.12.2022 – Assets
CONS. BALANCE SHEET 30.06.2023 VS 31.12.2022 – ASSETS 26
Slide 27: Cons. Balance Sheet – Equity & Liabilities
CONS. BALANCE SHEET 30.06.2023 VS 31.12.2022–EQTY & LIAB 27
Slide 28: Cons. Cash Flow Statement H1 2023 vs H1 2022 – 1
CONS. CASH FLOW STATEMENT H1 2023 VS H1 2022 – 1 28
Slide 29: Cons. Cash Flow Statement H1 2023 vs H1 2022 – 2
CONS. CASH FLOW STATEMENT H1 2023 VS H1 2022 – 2 29
Slide 30: POLYTEC Share Price: 2023 until 31 July 2023
POLYTEC SHARE PRICE: 2023 UNTIL 31 JULY 2023 30
Slide 31: Passenger Car Registrations Worldwide Jan–Jun 2023
PASSENGER CAR REGISTRATIONS WORLDWIDE JAN – JUN 2023 EU +EFTA +UK 6 588 937 CHINA +17.6% USA 7 658 200 11 143 000 +9.2% +12.9% INDIA JAPAN 2 014 400 2 047 700 BRAZIL +10.0% +19.5% 934 700 +9.6% Source: VDA 31
Slide 32: Registrations of New Cars in Europe – Big Five Countries
REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA & UK) BIG FIVE COUNTRIES – H1 2023 VS H1 2022 Source: ACEA 32
Slide 33: Registrations of New Cars in Europe by Drive Technology
REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA & UK) BY DRIVE TECHNOLGY – H1 2023 VS H1 2022 Source: ACEA 33
Slide 34: New Commercial Vehicles Registrations in EU, EFTA & UK
NEW COMMERCIAL VEHICLES REGISTRATIONS IN EU, EFTA & UK – H1 2023 VS H1 2022 Source: ACEA 34
Slide 35: IR Contact
IR CONTACT: POLYTEC Holding AG Mr. Paul Rettenbacher – IRO Since 17 July 2023, CFO Markus Mühlböck (right) has been responsible E-Mail paul.rettenbacher@polytec-group.com for the entire finance portfolio. The new CFO manages the IR agendas T +43 7221 701-292 jointly with Investor Relations Manager P