Kion Group Ag · XETR:KGX
Kion — Q1 2022 Earnings Presentation
19 slides from Kion's earnings presentation, Apr 28, 2022
Slide 1: KION GROUP AG Q1 2022 Update Call
KION GROUP AG Q1 2022 Update Call Rob Smith (CEO and CFO ad interim) Frankfurt, 28 April 2022
Slide 2: Agenda
Agenda 1. Highlights 2. Market & Financial Update 3. Closing Remarks 4. Appendix 2 KION GROUP AG | Q1 2022 Update Call | 28 April 2022
Slide 3: Q1 2022 Key Financial Figures
Q1 2022 Key Financial Figures Significantly higher procurement costs and supply chain disruptions impact Q1 Order intake Revenue Adj. EBIT1 Free cash flow EPS €2.9bn €2.7bn €170m -€433 €0.61 +10% Y/Y +15% Y/Y -21% Y/Y -€695m Y/Y -42% Y/Y -17% Q/Q -1% Q/Q +13% Q/Q -€842m Q/Q -44% Q/Q Margin of 6.2% -
Slide 4: Q1 2022 Strategic Highlights
Q1 2022 Strategic Highlights Combining our strengths across the group for our customers 1 2 1 New versatile and flexible autonomous mobile robots (AMR) work in symbiosis with ITS and SCS solutions 2 Joint offerings for intralogistics solutions presented at recent trade show MODEX 3 3 KION Battery Sy
Slide 5: Agenda
Agenda 1. Highlights 2. Market & Financial Update 3. Closing Remarks 4. Appendix 5 KION GROUP AG | Q1 2022 Update Call | 28 April 2022
Slide 6: Industrial Truck Market and Order Intake
Industrial Truck Market and Order Intake Rapid growth during Q1 2022 – unbroken trend towards electrification 1 KION regional growth Region Market development Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 (Change Y/Y) EMEA strong growth Y/Y EMEA +37% +103% +28% +36% +29% AMERICAS strong growth Y/Y AMERICA
Slide 7: ITS – Key Financials
ITS – Key Financials Flattish revenue and adj. EBIT compared to Q4 2021 1 Change Change (in €m) Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Y/Y Q/Q Order intake 1,800 2,221 1,710 2,435 2,082 +16% -15% Order backlog 1,659 2,265 2,316 2,878 3,193 +92% +11% Revenue 1,519 1,601 1,630 1,764 1,718 +13% -3% Of
Slide 8: SCS – Market Growth and Pipeline
SCS – Market Growth and Pipeline Continued strong long-term growth ahead – Pipeline remains solid Total warehouse automation market1 Comments on project pipeline2 Revenue in €bn Fundamental drivers remain intact Speed of fulfilment and delivery Urbanization and demographic change ~67 Continued
Slide 9: SCS – Key Financials
SCS – Key Financials Order intake remains lumpy 1 Change Change (in €m) Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Y/Y Q/Q Order intake 830 1,039 1,399 1,062 843 +2% -21% Order backlog 3,133 3,150 3,671 3,792 3,695 +18% -3% Revenue 861 997 937 1,002 1,020 +18% +2% Of which service (%) 20% 19% 22% 21% 2
Slide 10: KION Group – Key Financials
KION Group – Key Financials Adj. EBIT and margin remain low 1 Change Change (in €m) Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Y/Y Q/Q Order intake 2,626 3,255 3,107 3,493 2,900 +10% -17% Order backlog 4,787 5,409 5,981 6,658 6,855 +43% +3% Revenue 2,375 2,593 2,566 2,761 2,734 +15% -1% Of which servic
Slide 11: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Weaker operating performance and negative NRIs impact net income Change Change (in €m) Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Y/Y Q/Q Comments Adj. EBITDA 422 458 442 376 391 -7% +4% 1 Non-recurring items driven D&A -207 -210 -213 -225 -221 +7% -2% by €28m write-downs
Slide 12: Cash Flow Statement
Cash Flow Statement Supply chain disruptions cause significantly higher NWC Free cash flow Q1 2022 Comments (in €m) 1 2 1 Inventory build up mainly 112 caused by stocking of 118 components, semi-finished -434 industrial trucks and -124 unfavorable development of net -27 -81 contract assets / liabili
Slide 13: Net Debt
Net Debt Lower pensions partially offsetting weak cash generation Indebtedness and leverage1,2 ratios as at 31 March 2022 Comments (in €m) 2.3x2 1 Weak free cash flow 2 generation caused increase in 3,067 net financial debt 2 Net pension liabilities 1,012 decreased to €1,012m (Dec. 1 2021: €1,186m)
Slide 14: Agenda
Agenda 1. Highlights 2. Market & Financial Update 3. Closing Remarks 4. Appendix 14 KION GROUP AG | Q1 2022 Update Call | 28 April 2022
Slide 15: Key Takeaways
Key Takeaways Medium- to long-term market fundamentals continue to be strong, short-term some project decisions might be pushed out Agile pricing started to better compensate negative effects from procurement cost inflation Uncertainties remain high – outlook will be given once better visibility all
Slide 16: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Closing Remarks 5. Appendix 16 KION GROUP AG | Q1 2022 Update Call | 28 April 2022
Slide 17: Financial Calendar
Financial Calendar Date Event 29 April 2022 Publication of Sustainability Report 2021 11 May 2022 Annual General Meeting (virtual) 12 May 2022 KION @ Société Générale ESG Conference (Paris) 17 May 2022 KION @ UBS Best of Europe Conference (virtual) 18 May 2022 KION @ MM Warburg Warsaw Roadshow (virt
Slide 18: Key Financials
Key Financials Group figures Industrial Trucks & Services2 Supply Chain Solutions Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY (in €m) 2022 2021 2021 2021 2021 2021 2020 2022 2021 2021 2021 2021 2021 2020 2022 2021 2021 2021 2021 2021 2020 Order intake 2,900 12,482 3,493 3,107 3,25
Slide 19: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, and together with its consolidated subsidiaries, the "KION Group") solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral p