Slide 1: Half Year 2024 Earnings Presentation
Half Year 2024 Earnings Presentation Werner Lieberherr | Chief Executive Officer Theresa Andorfer | Head of Group FP&A October 30, 2024 1 | © Landis+Gyr 2024 | H1 FY 2024
Slide 2: Disclaimer
Disclaimer Forward-looking Information This presentation includes forward-looking information and statements, including statements concerning the outlook for Landis+Gyr Group AG and Landis+Gyr group (“Landis+Gyr”). These statements are based on current expectations, estimates and projections about t
Slide 3: Business Performance H1 FY 2024
Business Performance H1 FY 2024 Order Intake Order Backlog ▪ Solid order intake and book-to-bill driven by Americas resulting in high USD 812.1m USD 3’645.1m backlog of USD 3.6 billion Book-to-bill 0.9 (3.3)% YoY in cc ▪ Stable net revenue development in Americas and APAC despite high FY 2023 base w
Slide 4: Americas – Winning with Leading Utility Partners
Americas – Winning with Leading Utility Partners + + + Smart Metering Grid Edge Intelligence Smart Infrastructure Major Deployment Milestones at Powering the Edge with +1m Revelo Driving Growth in Software & Services PSE&G (2m), LG&E (1m), & EPCOR Grid Edge Sensors Shipped and with SaaS, Cybersecuri
Slide 5: EMEA – Winning with Leading Utility Partners
EMEA – Winning with Leading Utility Partners + + + Smart Metering Grid Edge Intelligence Smart Infrastructure Strong growth in thermal heat and Driving the future of smart grids Building momentum in the European water solutions, gaining market with Grid Edge sensor deployment e-mobility sector with
Slide 6: APAC – Winning with Leading Utility Partners
APAC – Winning with Leading Utility Partners + + + Smart Metering Grid Edge Intelligence Smart Infrastructure Major deployment milestones at CLP, Progressing to grow our software Expanding the CPO model with Hong Kong - 2.5m smart meters and and services offering in Australia airports in New Zealand
Slide 7: Consolidated Results
Consolidated Results – H1 FY 2024 USD in millions (except per share amounts) H1 2024 H1 2023 Change Order intake 812.1 958.1 (15.2)% ▪ Sustained solid backlog, supported by Committed backlog 3’645.1 3’730.5 (2.3)% order intake in Americas ▪ Revenue decline of (4.3)% in constant Change in constant cu
Slide 8: Order Intake / Backlog
Order Intake / Backlog – H1 FY 2024 USD in millions Order Intake Backlog 1.0x Book-to-Bill 0.9x 958 3'731 3'645 60 812 89 82 290 71 727 595 176 608 565 2'915 2'968 H1 FY 2023 H1 FY 2024 September 30, 2023 September 30, 2024 Americas EMEA APAC Americas EMEA APAC ▪ Order Intake of USD 812 million, car
Slide 9: Net Revenue Bridge
Net Revenue Bridge – H1 FY 2024 USD in millions Americas .5 3.3 6 . 1.3 ▪ Solid topline performance maintaining high 5.6 36. 3.5 H1 FY 2023 revenue levels EMEA ▪ Impacted by project timing, softening of the UK/Türkiye and dampened EV demand Asia Pacific ▪ Slight decline YoY primarily impacted by tim
Slide 10: Adjusted EBITDA Bridge
Adjusted EBITDA Bridge – H1 FY 2024 USD in millions ▪ Adjusted Gross profit volume driven by 1 .1 1 . 6.4 1 . topline decline, particularly in EMEA .4 . ▪ Adjusted Gross Profit margin expansion due 13.1 to operational efficiencies including continued supply chain cost recovery in Americas and APAC a
Slide 11: Adjustments to EBITDA
Adjustments to EBITDA – H1 FY 2024 ▪ Restructuring Charges of USD 2.1 million are primarily related to the completion of a global restructuring initiative launched in USD in millions H1 2024 H1 2023 Change August 2023 (Project Horizon) Reported EBITDA 108.5 99.8 8.7% Adjustments (0.3) 8.3 n/a ▪ Warr
Slide 12: Free Cash Flow
Free Cash Flow – H1 FY 2024 ▪ Cash Flow affected by timing of collections, back end loaded H1 FY 2024 delivery plan and timing of unbilled receivables USD in millions H1 2024 H1 2023 Change Reported EBITDA 108.5 99.8 8.7% ▪ CAPEX reduction driven by completion of Change in Operating Working Capital
Slide 13: Net Debt
Net Debt – H1 FY 2024 USD in millions 1.01x ▪ Solid Balance Sheet foundation . 6.3 13.5 .5 ▪ ~1.01x leverage ratio with net debt position of USD ~226.3 million 0.59x 131.3 ▪ Remaining investment capacity with available undrawn facilities of USD ~170 million ▪ Other primarily related to the acquisiti
Slide 14: Americas Segment
Americas Segment – H1 FY 2024 USD in millions H1 2024 H1 2023 Change Order USDintake in millions 565.5 FY 2022 608.1 FY 2021 (7.0)% Change ▪ Strong order intake resulting in book-to- Committed Backlog ’968. ’914.8 1.8% bill of 1.0, driven by wins in North Order intake 1'163.1 1'701.9 (31.7)% Change
Slide 15: EMEA Segment
EMEA Segment – H1 FY 2024 USD in millions H1 2024 H1 2023 Change USD in millions FY 2022 FY 2021 Change Order intake Order intakeBacklog 175.6 623.3 290.3 724.6 (39.5)% (14.0)% ▪ Book-to-bill of 0.6, impacted by timing Committed 595.3 727.1 (18.1)% Committed Backlog 773.9 781.1 (0.9)% of large tende
Slide 16: APAC Segment
APAC Segment – H1 FY 2024 USD in millions H1 2024 H1 2023 Change USD in millions FY 2022 FY 2021 Change Order intake 71.0 59.6 19.1% Order intake 139.4 239.0 (41.7)% Committed Backlog Committed Backlog 81.6 113.8 88.6 (7.9)% 172.5 (34.0)% ▪ Book-to-bill of 0.9, order entry Change in constant currenc
Slide 17: Guidance FY 2024 – reconfirmed
Guidance FY 2024 – reconfirmed Net Revenue Low single digit net revenue growth Adjusted EBITDA Adjusted EBITDA margin between 11% and 13% of net revenue Dividend Progressive dividend 17 | © Landis+Gyr 2024 | H1 FY 2024
Slide 18: Mid-Term Guidance FY 2025 – reconfirmed
Mid-Term Guidance FY 2025 – reconfirmed Net Revenues (Relative to FY 2021) Organic growth of mid to high single digit CAGR Adjusted EBITDA Adjusted EBITDA margin between 12% and 14% of net revenues Dividend Progressive dividend Strong focus on cash conversion 18 | © Landis+Gyr 2024 | H1 FY 2024
Slide 19: Creating Shareholder Value
Creating Shareholder Value Landis+Gyr sharpens its strategic focus to drive value creation + Focus on Americas business + Strategic review of EMEA +Evaluating merits of a US listing ▪ Offers the greatest opportunity with ▪ The Company has launched a ▪ Today, 60% of Group revenues and higher value so
Slide 20: Americas Region
Americas Region Leading integrated edge-to-enterprise solutions, record backlog driving profitable growth Leading market position Record Backlog Software & Services ▪ Largest installed base provides data to support new product and recurring revenue software and USD ~3b ~55% service offering Americas
Slide 21: EMEA Region
EMEA Region European market leader, positioned to benefit from a highly supportive market backdrop Leading market position #2 Region Backlog ▪ Largest installed base provides unique access to data to support new product introductions and to 17% USD 595.3m grow recurring revenue software and service
Slide 22: Q&A
Q&A 22 | © Landis+Gyr 2024 | H1 FY 2024
Slide 23: Key Messages
Key Messages ▪ Landis+Gyr reconfirms its financial guidance for FY24 and FY25 ▪ With a strong focus on the Americas, where EBITDA margins significantly exceed the Group average, Landis+Gyr is well-positioned in this highly attractive market ▪ In line with the Company’s commitment to future allocatio
Slide 24: Dates & Contacts
Dates & Contacts Important Dates Contacts Release of FY 2024 Results: Eva Borowski May 8, 2025 SVP Investor Relations & Corporate Communications Capital Markets Day: FY 2025 Phone +41 41 935 6396 Eva.Borowski@landisgyr.com Publication of Annual Report 2024 and Invitation to AGM 2025: May 28, 2025 Ch
Slide 25: Investing in the Future
Investing in the Future #decarbonizethegrid 25 | © Landis+Gyr 2024 | H1 FY 2024