Grammer Ag · XETR:GMM
Grammer — FY2024 Earnings Presentation
23 slides from Grammer's earnings presentation, Mar 28, 2025
Slide 1: Financial Results 12 M 2024
Financial Results 12 M 2024 March 28, 2025
Slide 2: 2024: Setting the Course for the Future
2024: SETTING THE COURSE FOR THE FUTURE • Sale of TMD • Transfer of administrative activities to Serbia • Staff reduction in HQ and EMEA • Successful Group refinancing • Integration of Jifeng Automotive Interior
Slide 3: General Information
GENERAL INFORMATION • TMD was sold and deconsolidated on September 20, 2024 • As a consequence, TMD is classified as discontinued operation • Consolidated income statement for 2024 represent continuing operations only, while net profit from discontinued operations is represented in a separate P/L li
Slide 4: 2024 Group at a Glance
FYGRAMMER 2024 GROUP AT A GLANCE KPIs FY 2024 FY 2023 • Decline in revenue due to overall economic Group revenue [in EUR million] development in relevant markets 1,921.7 2,055.0 FY 2024 • Operating EBIT under previous year’s level in particular due to decline in revenue and EBIT [in EUR million] str
Slide 5: FY 2024 Group Revenue / EBIT / Operating EBIT
FYGROUP 2024REVENUE / EBIT / OPERATING EBIT • Revenue in Automotive almost stable, REVENUE EBIT OPERATING EBIT but with significant changes in the [in EUR million] [in EUR million and %] [in EUR million and %] regions, while CV suffers a decline of -6.5% just under 16% Margin 3.5% Margin 4.0% 0.4% 2
Slide 6: FY 2024 Employees
FYEMPLOYEES 2024 Different developments in 2024 EMPLOYEES BY REGION [Average; with temporary [Average; with temporary • AMERICAS +2.6% workers] workers] Increase in the number of -3.3% employees in South AMERICA • EMEA -11.1% 14,470 13,991 Downsizing to reduced 413 414 CENTRAL SERVICES demand level
Slide 7: FY 2024 Capital Expenditure
FYCAPITAL 2024 EXPENDITURE • APAC with the highest portion CAPITAL BY QUARTER of EUR 38.7 million; Leasing EXPENDITURE [in EUR million] IFRS 16 of EUR 17.5 million for [in EUR million] expansion of plants +3.7% • EMEA still with a portion of EUR 34.6 million machines and project-specific investments
Slide 8: FY 2024 Working Capital, Free Cash Flow and Net Debt
FYWORKING 2024CAPITAL, FREE CASH FLOW AND NET DEBT • Working capital: decrease mainly driven WORKING CAPITAL FREE CASHFLOW NET DEBT by the sale of TMD [in EUR million] [in EUR million] [in EUR million] +21.0% • FCF from discontinued operations (including sale proceeds) amount to 485.5 EUR 8.1 millio
Slide 9: FY 2024 Equity, Leverage and Gearing
FYEQUITY, 2024 LEVERAGE AND GEARING • Equity impacted by EQUITY LEVERAGE GEARING [in EUR million] [in %] • Net profit of EUR -92.8 million Adjusted: • Hybrid loan EUR +45.7 million Margin 20.4% 15.7% 23.3% • Adjusted equity and gearing consider the EUR 130 million subordinated loans as equity -14.8%
Slide 10: FY 2024 EMEA Revenue / EBIT / Operating EBIT
FYEMEA 2024 REVENUE / EBIT / OPERATING EBIT • Revenue severely affected REVENUE EBIT OPERATING EBIT (EUR -166.6 million) by overall [in EUR million] [in EUR million and %] [in EUR million and %] weak economic situation and the crisis in the automotive Margin 5.0% 0.9% Margin 5.3% 2.4% industry -13.8
Slide 11: FY 2024 APAC Revenue / EBIT / Operating EBIT
FYAPAC 2024 REVENUE / EBIT / OPERATING EBIT • Revenue growth in Automotive REVENUE EBIT OPERATING EBIT (+6.8%) compensate for [in EUR million] [in EUR million and %] [in EUR million and %] decrease in CV (-14.1%); American and European OEMs Margin 11.5% 8.7% Margin 11.7% 8.7% lost market shares to l
Slide 12: FY 2024 Americas Revenue / EBIT / Operating EBIT
FYAMERICAS 2024REVENUE / EBIT / OPERATING EBIT REVENUE EBIT OPERATING EBIT • Increase in revenue results [in EUR million] [in EUR million and %] [in EUR million and %] from the methodology of P/L separation in continuing and discontinued operations Margin -5.5% -5.1% Margin -4.4% -4.0% +5.2% • Opera
Slide 13: Outlook
2022 NG March 28, 2025 GRAMMER
Slide 14: GRAMMER Group Outlook
GRAMMER GROUP OUTLOOK • Customer demand in both FY 2025 FY 2024 product areas will vary from region to region and Commercial Vehicles and Automotive in 2025 Group revenue Group revenue • Decline in revenue in AMERICAS ~ 1.9 billion EUR ~ 1.9 billion EUR due to customer and order structure Operating
Slide 15: Top 10 Measures: Secure Financial Stability and Return to Profitability
SECURE FINANCIAL STABILITY AND RETURN TO PROFITABILITY Loss Maker Turnaround OEM Procurement Operations Program TMD compensations Stretch EMEA TOP 10 MEASURES Personal cost Turnaround Performance JIFENG Quality reduction Americas Improvement collaboration Initiative (e.g. Transfer admin work (excl.
Slide 16: Retrofitting GRAMMER Premium Comfort
RETROFITTING GRAMMER PREMIUM COMFORT FORKLIFT SEATS • Best back support thanks to top ergonomics, automatic weight adjustment, low- frequency suspension, and Grammer Dual motion • Extra-wide cushions, active climate control and intuitive operation make work particularly comfortable • Five different
Slide 17: EcoVadis Awards GRAMMER a Silver Medal
ECOVADIS AWARDS GRAMMER A SILVER MEDAL! • GRAMMER is proud to announce its new EcoVadis sustainability rating: from a bronze medal in 2023, GRAMMER has received a silver medal this year with a significant increase in its score. • This achievement demonstrates the strong commitment to sustainability
Slide 18: Q&A
Q&A March 28, 2025 NZ GRAMMER
Slide 19: Legal disclaimer
GRAMMER Group Legal disclaimer By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purpose
Slide 20: Thank you for your attention
Thank you for your attention. We deliver what matters. Contact Investor Relations Tanja Bücherl Phone: +49 9621 66 - 2113 E-mail: tanja.buecherl@grammer.com
Slide 21: Key figures 12M 2024
Key figures 12M 2024 March 28, 2025
Slide 22: Key figures 12M 2024 overview
Revenue Group operating EBIT Employees by region 1 Revenue by segment 2 Wert Wert 1,921.7 Average for the year 41.6 EUR million AMERICAS: AMERICAS: EUR million EUR million 3,196 391.7 APAC: APAC: EBIT margin Capital expenditure 1,611 536.6 0.4% 96.3 EUR million Wert 12,116 1,921.7 Operating EBIT mar
Slide 23: FY 2024 Key figures
FYKey2024 figures The financial figures for the current financial year have been adjusted retrospectively. For better comparability, the comparative figures for the previous year have also been adjusted. 1-12 2024 1-12 2023 Q4 2024 Q4 2023 Group revenue 1,921.7 2,055.0 449.7 522.1 Revenue EMEA 1,044