Heidelberger Druckmaschinen Ag · XETR:HDD
Heidelberger Druckmaschinen — FY2021/2022 Earnings Presentation
14 slides from Heidelberger Druckmaschinen's earnings presentation, Jun 9, 2022
Slide 1: Technologies for Tomorrow
TECHNOLOGIES FOR TOMORROW Heidelberger Druckmaschinen AG – Annual press conference Dr. Ludwin Monz, CEO | Marcus A. Wassenberg, CFO | Wiesloch, June 9, 2022.
Slide 2: Our management board
Our management board. Dr. Ludwin Monz, CEO • Born in 1963 • PhD in physics • 3/2010 - 12/2021: CEO, Carl Zeiss Meditec AG • 2014 – 2021: Member of the Management Board, Carl Zeiss AG • Since 4/2022: CEO, HEIDELBERGER Druckmaschinen AG Marcus A. Wassenberg, CFO • Born in 1966 • Degree in economics. •
Slide 3: FY 2021/2022 highlights
FY 2021/2022 highlights. Second year in the transformation of HEIDELBERG successfully completed. in €millions // Net Orders // Net Sales Highlights FY 2021/2022. 2.454 2.183 2.000 Strong market recovery after Corona 1.913 normalization allowed order intake to +23% +14% grow by 23% y/y. Net Sales gro
Slide 4: Q4 FY 2021/2022
Q4 FY 2021/2022. Order intake adding to solid growth – strong improvement in EBITDA in Q4. Order intake & net sales per quarter Quarterly developments in €millions FY 20/21 FY 21/22 // Net Orders [4Q average book-to-bill ratio] Q4 in line with prior year, following a strong 1.12 rebound of order int
Slide 5: Order backlog
Order backlog. Highest level in 10 years giving some comfort for FY 22/23 FC. Backlog/sales coverage ratio Highlights in €millions 32% Order backlog significantly up, now at highest 28% 29% 24% level in 10 years. 20% 2.524 2.490 2.349 Ratio of starting backlog to (expected) 2.183 revenue on an all t
Slide 6: Earnings bridge
Earnings bridge. Significant increase in quality of earnings. in €millions // Main changes y/y: FY 21 12m reported 95 -143 - Adjusting for non-operating effects FY 21 - Reorg. pensions scheme FY 21 clean -48 + Restructuring expenses - Disinvestments - Short-time work -22 112 >150m€ + Volume & margin
Slide 7: Segments
Segments. Strong recovery in Print, Packaging recording growth. in €millions Packaging Solutions Print Solutions +25% +18% Order intake +18% +7% 1.324 1.208 1.080 925 1.056 919 1.027 863 Net Sales FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 Order intake Net Sales Order intake Net Sales FY 22 GM
Slide 8: Segments
Segments. Technology Solutions sales more than doubled thanks to E-Mobility. in €millions // Net Sales y/y // Quarterly development 50 Order intake +123% +76% 14 15 22 12 9 9 6 Net Sales 3 4 FY 21 FY 22 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 4 Purely organic sales growth in FY 22. 7.2% Supp
Slide 9: Balance Sheet
Balance Sheet. Net cash, financial debt reduced & equity strengthened. Equity (-ratio) NWC (of net sales) Essential factors 7.8% 5.0% 11.1% 27.4% 26.4% 20.1% 242 645 Equity(-ratio) growing by €133m (610bp) due to 202 increased interest rate for pensions & net profit. 505 440 109 Continued reduction
Slide 10: The restructuring is paying off
The restructuring is paying off. Operating cashflow driving FCF improvements. Breakdown Free Cashflow Essential factors in €millions (1) Operating Cashflow EaT portion Divestments Operating 0 (1) cashflow 51 (+100m y/y*) 78 50 48 33 71 32 51 Investment 40 EaT NWC D&A Restruc Reclas. Other Operating
Slide 11: Chances and risks ahead
Chances and risks ahead. What we have on balance at the beginning of the new 22/23 fiscal year. Chances Risks Highest Backlog for 10 years ? Zero-Covid-policy in China Additional savings from Macroeconomic risks heightened restructuring program ? because of war in Ukraine Price increase implemented,
Slide 12: Guidance
Guidance. Lack of visibility remains challenging. Net Sales EBITDA-Margin EaT € ~2.3bn >8.0% >FY22 (FY 21/22: € 2.18bn) (FY 21/22: 7.3%) (FY 21/22: € 33m) © Heidelberger Druckmaschinen AG 12
Slide 13: What we build on
What we build on. Long-term trends providing favorable growth opportunities. Packaging Solutions Print Solutions Technology Solutions Applications … Advertising Folding Carton Labels Commercial Publishing E-Mobility Sustainability driving Sustainability & green Impacting trends consumer preference e
Slide 14: Key takeaways
Key takeaways. Successful FY 21/22 – strengthened balance sheet and improved operating profit. Chances & risks ahead – HEIDELBERG shows resilience in uncertain times. Growth opportunities – favorable opportunities in core business and developing new markets. © Heidelberger Druckmaschinen AG 14
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