Norma Group Se · XETR:NOEJ
Norma — FY2024 Earnings Presentation
24 slides from Norma's earnings presentation, Mar 31, 2025
Slide 1: NORMA Group Full Year 2024 Results
NORMA GROUP FULL YEAR 2024 RESULTS MAINTAL, MARCH 31, 2025
Slide 2: NORMA Group Mission Statement
NORMA Group Mission Statement Driven by passionate collaboration and global excellence, we add value as the reliable partner for mission-critical solutions in Industry Applications, Water Management, Mobility & New Energy.
Slide 3: Operational Highlights 2024
Operational Highlights 2024 Milestones in 2024 Creating a new vision and mission Successful implementation of our step-up Further recovery and operational statement process for continuous improvement improvement of our production plants Solid performance in a difficult market environment with reliab
Slide 4: The Exciting Journey to Creating #newNORMA: Status Quo
The Exciting Journey to Creating #newNORMA: Status Quo Striving to be We increased our competitiveness and continue to work with the aim of being “best in class” in best in class the medium term Focused rather We enhance the transparency of the company's than conglomerate value by sharpening its cor
Slide 5: #newNORMA: Our Final Destination
#newNORMA: Our Final Destination The future of NORMA Group Ultimately, NORMA Group aims to be the market leader in the field of connection technology to ‘bring media from A to B at the highest level’. We want NORMA Group to be the preferred partner for our stakeholders around the world because our e
Slide 6: FY 2024 Top Line Development
FY 2024 Top Line Development in EUR million Sales Develoment 12% -5.5% 2024 Regional (14%) Segments Split 47% (44%) 41% (in %, prev. (42%) year in brackets) 1,222.8 308.5 306.3 273.6 266.8 1,155.1 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Americas EMEA APAC Top Line 2024 Volume / Price Mix Currency
Slide 7: FY 2024 Sales Development by Regions
FY 2024 Sales Development by Regions AMERICAS Sales in EUR million EMEA Sales in EUR million APAC Sales in EUR million -0.8% -7.3% -15.1% 535 530 515 477 174 147 2023 2024 2023 2024 2023 2024 7
Slide 8: 2024 Sales Development by Strategic Business Unit
2024 Sales Development by Strategic Business Unit Industry Applications Water Management Mobility & New Energy ▪ Sales were down -6.4% on the previous year. ▪ Sales were up 3.5% compared to the previous ▪ Sales down by -8.9% against the previous year. Slight price increases were unable to compensate
Slide 9: FY 2024 (Adjusted) Profit & Loss Development
FY 2024 (Adjusted) Profit & Loss Development Material Costs Gross Profit Personnel Expenses (in EUR million and % of sales) (in EUR million and % of sales) (in EUR million and % of sales) 45.0% 29.3% 43.3% 57.8% 26.3% 54.6% -549.6 -499.7 668.0 668.2 -321.8 -337.9 2023 2024 2023 2024 2023 2024 Materi
Slide 10: FY 2024 – Adjusted EBIT Margin by Region
FY 2024 – Adjusted* EBIT Margin by Region AMERICAS EMEA APAC 110bp -210bp -30bp 11.6% 12.7% 4.4% 4.1% 10.8% 8.7% 2023 2024 2023 2024 2023 2024 * For further details of the adjustments, see slide 11. 10
Slide 11: Operational Adjustments 2024 and Outlook 2025 – 2026
Operational Adjustments 2024 and Outlook 2025 – 2026 in EUR million* Reported Adjustments FY 2024 Adjusted FY 2025 FY 2026 Sales 1,155.1 1,155.1 EBITDA 153.1 0.4 153.5 EBITDA margin 13.3% 13.3% approx. 35.0 approx. 15.0 EBIT 57.3 (incl. EUR 33.8 million amortization PPA) 92.3 approx. 35.0** (mainly
Slide 12: FY 2024 EPS and Dividend Development
FY 2024 EPS and Dividend Development Dividend policy Payout ratio of approx. 30%-35% of adjusted Group annual earnings Adjusted EPS in EUR Reported EPS in EUR Dividend per share in EUR 3.00 3.00 2.00 -6.9% 2.00 Dividend proposal of EUR 0.40 or 31.2% -47.1% of adjusted Group net profit for the 1.00 1
Slide 13: FY 2024 Trade Working Capital Development
FY 2024 Trade Working Capital Development Trade Working capital incl. Supply Chain Financing Programs* Supply Chain Financing Programs** (in EUR million and % of sales) (in EUR million and % of sales) 20.5% 100 30% 24.9% 18.9% 23.6% 20% 420 20% 15% 185 159 210 50 10% 10% 220 220 0 5% -143 57.7 52.6
Slide 14: FY 2024 Equity Ratio, Net Debt and Debt Ratios
FY 2024 Equity Ratio, Net Debt and Debt Ratios Net Debt (in EUR million) Debt Ratios December 31, December 31, -4.7% 2023 2024 550 550 Leverage 165 2.2x 2.1x 127 (Net debt / adj. EBITDA) Gearing 511 456 0.5x 0.5x 345 329 (Net debt / equity) 0 0 Debt Cash Net Debt Debt Cash Net Debt in EUR million De
Slide 15: Maturity Profile
Maturity Profile Financial Instruments* (in EUR million) Currencies (in EUR million) 300 300 38 117 42 200 200 100 100 27 208 0 56 0 27 171 0 56 0 0 0 27 27 2025 2026 2027 2028 2029 2030 2025 2026 2027 2028 2029 2030 Syndicated Loan Promissory Note 2 Promissory Note 3 Promissory Note 4 EUR USD Gener
Slide 16: Cash Flow Development
Cash Flow Development Net Operating Cash Flow and External Free Cash Flow NORMA Value Added Variance in EUR million 2023 2024 in EUR million 2023 2024 (2024 to 2023) EBITDA 154.2 153.5 -0.5% Adjusted EBIT after (calculated) taxes 57.2 54.7 Δ ± Trade Working capital -5.6 +5.3 n. a. Δ ± Capital Cost (
Slide 17: Non-Financial Highlights 2024
Non-Financial Highlights 2024 New ESG-reporting with reference ▪ AA (on a scale from CCC to AAA): „MSCI leader“ to ESRS successfully implemented ▪ Norma leads global peers in corporate governance practices • Implementation of Scope 1-3 CO2 reporting according to GHG protocol • Several new metrics im
Slide 18: Outlook 2025 – Company Guidance
Outlook 2025 – Company Guidance Group sales In the range of around EUR 1.1 billion to around EUR 1.2 billion Adjusted EBIT Margin In the range of around 6% to around 8% Net Operating Cash Flow In the range of around EUR 75 million to around EUR 95 million NORMA Value Added (NOVA) In the range of aro
Slide 19: NORMA Group Step Up Program
NORMA Group Step Up Program mindset / cultural change Step Up intends to change the mindset of NORMA Group employees and to create a new culture of openness and focus. continuous process - KAIZEN Step Up is to become a continuous process that enables and supports a sustainable and profitable growth
Slide 20: Step Up Program: Growths Highlights 2024
NORMA Group Step Up Program: Growths Highlights 2024 Growth via focus on Growth via globalization Product development for Growth via new business resilient business including M&A alternative powertrain and the supply of opportunities and technology & expanding existing products to new entering new m
Slide 21: Step Up Program: Efficiency Highlights 2024
NORMA Group Step Up Program: Efficiency Highlights 2024 NORMA Germany Maintal Automatic TORRO Assembly Line • Next-Gen Automatic TORRO Assembly Line to improve manufacturing process • Integrated Poka Yoke systems for control of the manufacturing sequence • Higher process stability and faster changeo
Slide 22: Step Up Program: Margin Development
NORMA Group Step Up Program: Margin Development Ongoing growth & efficiency measures lead to NORMA Group’s EBIT midterm 15-20% 15-20% Double-digit margin on double-digit levels rgy w Ene & Ne ons nt plic ry e nag r Ap dust Ma Wate em ati ty bili In Mo 22
Slide 23: Thank You! Any Questions?
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Slide 24: Disclaimer
Disclaimer This presentation contains forward-looking statements on the business development of NORMA Group SE that are based on management’s current assumptions and judgments regarding future events and results. All statements in this presentation other than statements of historical fact could be f