Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — 9M 2022 Earnings Presentation
18 slides from Rational Aktiengesellschaft's earnings presentation, 2022
Slide 1: Earnings Call 9M 2022
Fast. Precise. Versatile. Consistently enhanced. Earnings Call 9M 2022 1
Slide 2: RATIONAL increases already best in class customer satisfaction
RATIONAL increases already best in class customer satisfaction Net promoter score (NPS) increased by 3 points to 64 0 Source: -20 +20 B2B International (2022) – in 17 markets of RATIONAL AG -40 +40 -60 +60 -80 +80 -100 +100 RATIONAL +64 Food & Drink Average +37 B2B Average +32 Manufacturing Average
Slide 3: Finding a healthier way of cooking Cantonese cuisine
Finding a healthier way of cooking Cantonese cuisine Mitang, China Quote: „RATIONAL’s sustainable philosophy coincides with our business philosophy: energy saving, reduce raw material costs and cook healthier.“ Maggie, Owner, Restaurant Mitang, Beijing China 3
Slide 4: Sales revenues grow from one all-time high to the next
Sales revenues grow from one all-time high to the next Component availability, price increases and FX support strong growth +33% 274 +10% +34% 225 232 231 205 212 213 207 194 193 168 2019 2021 2022 2019 2021 2022 2019 2021 2022 2019 2021 Q1 Q2 Q3 Q4 Sales revenues in mEUR Individual values and total
Slide 5: iVario to exceed 100 mEUR of sales revenues in 2022
iVario to exceed 100 mEUR of sales revenues in 2022 Both product groups were in strong demand Sales revenues iCombi Sales revenues iVario 634 559 526 98 54 60 +20% +63% 9M 2019 9M 2021 9M 2022 9M 2019 9M 2021 9M 2022 Sales revenues in mEUR Sales revenue growth in % 6
Slide 6: 9M 2022 – sales revenue by region
9M 2022– sales revenue by region All regions well above 2019 - Asia slightly below previous year Europe North America 318 Asia 272 259 150 84 92 91 117 103 +46% -1% 9M 2019 9M 2021 9M 2022 9M 2019 9M 2021 9M 2022 +23% 9M 2019 9M 2021 9M 2022 Latin America Germany Rest of the world 93 74 77 33 39 41
Slide 7: RATIONAL Japan is celebrating its 30th anniversary
RATIONAL Japan is celebrating its 30th anniversary Congratulations to our colleagues - good luck for the next 30 years! Profile: › Established in 1992, RATIONAL Japan was our first subsidiary overseas. › With around 70 employees, it is one of our largest subsidiaries. › Japan accounts for around 4%
Slide 8: RATIONAL was named Factory of the Year 2022
RATIONAL was named Factory of the Year 2022 Particularly high production figures and flexibility were honored › The "Factory of the Year" is one of the most renowned industry competitions in Europe. › In addition to RATIONAL as the overall winner, internationally esteemed companies such as individua
Slide 9: Delivery times are returning to normal in some markets
Delivery times are returning to normal in some markets 330 mEUR or 36,000 units in order backlog end of Q3 2022 › In some markets (e.g. UK) new orders can be delivered within 4-8 weeks. ~ 330 mEUR › We expect lead times and partially order backlog to get back to pre- crisis level in Q1 2023. › Numbe
Slide 10: Prices of raw materials and components stabilised in Q3 2022
Prices of raw materials and components stabilised in Q3 2022 Cost pressure on suppliers due to inflation and energy costs is a challenge › After the peaks in spring, some raw Price development1 Jan 2021 – Sep 2022 materials stabilized. 420% 380% › With the prices increases for our own products, we s
Slide 11: Gross margin in Q3 increased vs. the low level of Q2
Gross margin in Q3 increased vs. the low level of Q2 High sales volume brings EBIT margin to 25.6% in Q3 / YTD 22.3 % › Gross margin: YTD still below PY 9M 2022 vs. 9M 2021 due to time lag of unit price in mEUR 9M 2022 9M 2021 Change Margin Impact1 increases (high order backlog). sales revenue 732 5
Slide 12: EBIT of 70 mEUR in 9M marks new all-time high
EBIT of 70 mEUR in 9M marks new all-time high EBIT margin recovers in Q3 2022 +41% 70 61 64 -13% +48% 52 52 50 47 48 45 32 26 2019 2021 2022 2019 2021 2022 2019 2021 2022 2019 2021 Q1 Q2 Q3 Q4 EBIT in mEUR EBIT growth in % 13
Slide 13: EBIT on all-time high with 22% growth
EBIT on all-time high with 22% growth EBIT margin at 22% in 9M 2022 +108% +14% +7% +12% +22% 132 142 160 64 134 163 -60% 26% 25% 26% 22% 23% 14% 9M 2017 9M 2018 9M 2019 9M 2020 9M 2021 9M 2022 EBIT in mEUR EBIT margin in % EBIT growth in % 14
Slide 14: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in mEUR 9M 2022 9M 2021 Non-current assets 234 216 Inventories 101 77 Trade receivables 163 117 Other assets 86 44 Liquid funds 252 307 Total assets 836 761 Equity 613 581 Non-current liabilities 33 35 Current prov
Slide 15: Employee satisfaction remains on high level
Employee satisfaction remains on high level 87% of our employees are proud to work for RATIONAL 2,356 This summer we again conducted a global 2,258 2,248 2,180 employee satisfaction survey. 2,113 1,884 The three main strengths of RATIONAL are › the satisfaction of employees with their working relati
Slide 16: Sales revenue and profit outlook for 2022
Sales revenue and profit outlook for 2022 2022 expected to develop better than originally forecasted › Material availability has improved since August, leading to higher production and sales volumes. This is expected to continue in Q4 2022. › In addition, strong after-sales business, price increases
Slide 17: New format – RATIONAL IR Talks
New format – RATIONAL IR Talks Regular Investor Relations communication in turbulent times › Quite successful response in recent weeks with about 50 participants in 4 IR Talks. › With this format we want to provide basic insights into the RATIONAL business model, but also talk about current topics.
Slide 18: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or