Slide 1: POLYTEC Group Results Q1 2024
POLYTEC GROUP Hörsching, 16 May 2024 Results Q1 2024
Slide 2: Agenda
AGENDA Financials Q1 2024 & Outlook 2024 FY Mastering challenges. Seizing opportunities. Appendix ▫ Financial figures Q1 2024 in detail ▫ Automotive Market January to March 2024 ▫ ESG - Sustainability ▫ POLYTEC at a glance 2
Slide 3: Q1 2024: Increased Sales – EBIT Positive Again – Turnaround Achieved
Q1 2024: INCREASED SALES – EBIT POSITIVE AGAIN – TURNAROUND ACHIEVED Negative trend of EBIT has been stopped. After minus EUR 3.0 million in Q3 and minus EUR 4.0 million in Q4 2023, POLYTEC turned the EBIT back to a positive level amounting to EUR 1.4 million (Q1 2023: EUR 0.2 million). The EBIT m
Slide 4: Sales Revenues, EBIT Margin – Quarterly
SALES REVENUES, EBIT MARGIN – QUARTERLY 171,7 172,3 Sales 167,8 in EUR m 150,8 +0.8% +0.1% +1.4 EBIT margin 0.0% 145,6 +0.2 EBIT in EUR m +0.1 -2.0% -3.0 -2.7% -4.0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Equity ratio 42.0% 42.0% 42.0% 41.4% 40.7% 4
Slide 5: Sales Revenues by Market Area Q1 2024
SALES REVENUES BY MARKET AREA Q1 2024 EUR 172.3 M (+2.7% YOY) etc. 11.4% 15.0% Passenger Cars & Light EUR m 126.9 73.6% Commercial Vehicles Commercial Vehicles EUR m 25.8 Smart Plastic & Industrial Applications EUR m 19.6 etc. 5
Slide 6: Key Figures Q1 2024
KEY FIGURES Q1 2024 Group sales revenues amounted to EUR 172.3 million (Q1 2023: EUR 167.8 million) EBITDA amounted to EUR 9.2 million (Q1 2023: EUR 8.4 million) EBITDA margin 5.3% (Q1 2023: 5.0%) EBIT totalled EUR 1.4 million (Q1 2023: EUR 0.2 million) EBIT margin 0.8% (Q1 2023: 0.1%) E
Slide 7: Outlook 2024 FY Unchanged
OUTLOOK 2024 FY UNCHANGED THIS YEAR WILL BE A MUCH BETTER ONE From today's perspective, the management of POLYTEC Holding AG expects planned consolidated sales revenues in the range of EUR 660 million to EUR 710 million for the 2024 financial year and is targeting an EBIT margin of around 2% to 3%.
Slide 8: The Equity Story of the POLYTEC Group
THE EQUITY STORY OF THE POLYTEC GROUP Specialist > SUSTAINABLE for highly STRATEGY complex plastic > HIGH ADAPTABILITY solutions > BROAD TECHNOLOGY PORTFOLIO > STABLE ECONOMIC POSITION 8
Slide 9: Shareholder Structure and Research Coverage
SHAREHOLDER STRUCTURE SINCE 24 AUGUST 2023 RESEARCH COVERAGE Institute (end of April 2024) Rating Price target BAADER-Helvea Research, Munich Buy EUR 7.0 ERSTE Group Research, Vienna Hold EUR 4.7 M.M.Warburg Research, Hamburg Hold EUR 4.0 Raiffeisen Research, Vienna Buy EUR 5.0 Average price target
Slide 10: POLYTEC Share Price
POLYTEC SHARE PRICE: 31.03. & 10.05.2024 10
Slide 11: Book Value Exceeding Market Capitalisation
BOOK VALUE EXCEEDING MARKET CAPITALISATION Market capitalisation: ~80 EUR million Balance sheet total: 538 EUR million Shareholders‘ equity: 219 EUR million Equity ratio: 40.7% Tangible assets: 239 EUR million Interest bearing liablilities: 180 EUR million + Promising order intake of innovative, fut
Slide 12: Mastering Challenges. Seizing Opportunities.
MASTERING CHALLENGES. SEIZING OPPORTUNITIES.
Slide 13: Challenges 2023
CHALLENGES 2023 POLYTEC SOLUTION FORCE: Transformation of market positioning & Price and cost pressure product portfolio Extended procurement time for equipment Promising order intake of future oriented products Peak demand in temporary staff – difficult availability Aggregation of launches (SOPs) H
Slide 14: Mastering Challenges in 2024
MASTERING CHALLENGES IN 2024 CURRENT PROGRESS Price and cost pressure Improved Extended procurement time Solved for equipment Peak demand in temporary staff – Improving difficult availability Revenues below expectations Improving Operational challenges Stabilisation in one affected plant In those 2
Slide 15: Seizing Opportunities
SEIZING OPPORTUNITIES POLYTEC SOLUTION FORCE Products highly appreciated in the market promising order intake e.g. thermal management, tractors, multi- way logistics Innovation e-mobility, sustainability, recyclability POLYTEC UK 2 new assembly and sequencing centres, expansion of the Telfor
Slide 16: Proactive Transformation of the Product Portfolio
PROACTIVE TRANSFORMATION OF THE PRODUCT PORTFOLIO 16
Slide 17: Appendix
APPENDIX PASSION CREATES INNOVATION POLYTEC
Slide 18: Financials Q1 2024 in Detail
FINANCIALS Q1 2024f IN DETAIL T POLYTEC
Slide 19: Key Figures Quarterly – Q1 2023 to Q1 2024
KEY FIGURES QUARTERLY – FROM Q1 2023 TO Q1 2024 19
Slide 20: Cons. Income Statement Q1 2024 vs Q1 2023
CONS. INCOME STATEMENT Q1 2024 VS Q1 2023 20
Slide 21: Cons. Balance Sheet 31.03.2024 – Assets
CONS. BALANCE SHEET 31.03.2024 VS 31.12.2023 ASSETS 21
Slide 22: Cons. Balance Sheet – Equity & Liabilities
CONS. BALANCE SHEET 31.03.2024 VS 31.12.2023 EQUITY & LIABILITIES 22
Slide 23: Cons. Cash Flow Statement – Part 1
CONS. CASH FLOW STATEMENT Q1 2024 VS Q1 2023 – PART 1 23
Slide 24: Cons. Cash Flow Statement – Part 2
CONS. CASH FLOW STATEMENT Q1 2024 VS Q1 2023 – PART 2 24
Slide 25: Corporate Calendar 2024
CORPORATE C LENDAR 2 16 May 2024 Thursday Interim report Q1 2024 11 June 2024 Tuesday Record date “Annual General Meeting” 21 June 2024 Friday 24 Ordinary Annual General Meeting FY 2023, Hérsching, POLYTEC Holding, 10:00 am 25 June 2024 Tuesday Ex-dividend day 26 June 2024 Wednesday Record date “Div
Slide 26: Automotive Market Jan – Mar 2024
AUTOMOTIVE MARKET JAN – MAR 2024
Slide 27: Passenger Car Registrations Worldwide March 2024
PASSENGER CAR REGISTRATIONS WORLDWIDE MARCH 2024 Explanation: Percentages refer to the period of the previous year Full Year Comparison with pre-crisis year 2019, figures beyond current report period based on estimates EU +EFTA +UK 3.395.000 CHINA +4.9% USA 24/19: -15.5% 4.830.900 24/19: +7.4% 3.743
Slide 28: Registrations of New Passenger Cars in Europe Jan–Mar 2024
REGISTRATIONS OF NEW PASSENGER CARS IN EUROPE JAN – MAR 2024 Percentages refer to the period of the previous year EU: 2 768 639 +117 376/ +4.4% In March 2024, the EU car market experienced its first decline of the year, registering a 5.2% decrease. March performance of EU’s largest markets + UK:
Slide 29: New Passenger Car Registrations in the EU by Drive Technology
NEW PASSENGER CAR REGISTRATIONS IN THE EU BY DRIVE TECHNOLOGY: 2017 – MAR 2024 70% 58,9% 60% 56,7% 51,1% 51,8% 50,3% 50% 47,5% 47,1% New Powertrain 44,0% 40,4% Types 40,0% 40% 35,9% 36,4% 35,4% 35,3% 30,5% Petrol 30% 28,0% 33,5% 36,3% 32,0% 24,5% 28,5% 19,6% 20% 16,4% 10,6% 17,0% 13,6% 12,8% 10% 5,7
Slide 30: New Commercial Vehicle Registrations in EU, EFTA & UK
NEW COMMERCIAL VEHICLES REGISTRATIONS IN THE EU, EFTA & UK – Q1 2024 VS Q1 2023 Category Units Change Market Share Source: ACEA Light Commercial Vehicles <3.5 t 510 077 11.8% 82.0% Medium Commercial Vehicles >3.5 to 16 t 16 331 7.1% 2.6% Heavy Commercial Vehicles >16 t 84 332 -6.0% 13.5% Medium and
Slide 31: ESG Sustainability
ESG SUSTAINABILITY
Slide 32: Sustainability @POLYTEC
SUSTAINABILITY @POLYTEC ENERGY PEOPLE tps), Tea” “8 SUPPLY CHAIN sustaingellity CUSTOMERS — ECONOMICALLY FEASIBLE ae ota banca | NS om <2 a /// 32 GO NEUTRAL 2035 POLYTEC’S PATHWAY TO DECARBONISATION fs 2020-2021 ff Conenionet ne ationora German locations a: wall as the Roscondaal plant to carbon. n
Slide 33: ESG / Taxonomy Figures 2023 FY
ESG / TAXONOMY FIGURES 2023 FY 33
Slide 34: POLYTEC at a Glance
POLYTEC AT A GLANCE Technology-independent developer and manufacturer of high-quality plastic solutions ~3,900 636 MIO >37 YEARS Automotive and EMPLOYEES SALES REVENUES OF EXPERIENCE non-automotive industry 34
Slide 35: Technological Diversity and Production Expertise
TECHNOLOGICAL DIVERSITY AND PRODUCTION EXPERTISE PRE- & THERMOPLASTICS COMPOSITES POLYURETHANE POST-PROCESSING Multi-component injection Production of glass fibre SMC PUR RRIM / RRIM lightweight Toolmaking moulding Production of carbon fibre SMC PUR rigid / semi-rigid Trimming & cutting (water jet,
Slide 36: Locations
LOCATIONS 18x in Europe 1x in Asia 1x in America 1x in Africa 36
Slide 37: Product Lines
TRUCK, BUS & AGRICULTURAL APPLICATIONS [L | | SMART PLASTICS & NEW MOBILITY POWERTRAIN SOLUTIONS BATTERY APPLICATIONS PAINTED EXTERIOR & ACOUSTIC SOLUTIONS UNDERBODY SOLUTIONS.
Slide 38: We Create Added Value for Our Customers
WE CREATE ADDED VALUE FOR OUR CUSTOMERS Design & technical concept Development of material Simulation Construction & prototyping VALUE CREATION Tooling Testing & validation Industrialising Quality assurance Life cycle assessment 38
Slide 39: Earnings & Dividend per Share 2006–2023
EARNINGS & DIVIDEND PER SHARE 2006 – 2023 DIVIDEND POLICY EPS in € DPS in € based on profitability strategic growth perspectives capital requirements of the POLYTEC GROUP 39
Slide 40: The Management Board
THE MANAGEMENT BOARD Markus Huemer, CEO/COO, (mid) Markus Mühlböck, CFO, (left) Peter Bernscher, Deputy Chairman/CCO, (right) 40
Slide 41: IR Contact
IR CONTACT: POLYTEC Holding AG Mr. Paul Rettenbacher – IRO Since 17 July 2023, CFO Markus Mühlböck (left) has been responsible for the entire E-Mail paul.rettenbacher@polytec-group.com finance portfolio. The new CFO manages the IR agendas jointly with Investor T +43 7221 701-292 Relations Manager Pa