Kardex Holding Ag · SIX:KARN
Kardex — Investor Presentation (April 2022)
31 slides from Kardex's investor presentation, April 2022
Slide 1: Kardex - Company Presentation 2022
Kardex - Company Presentation 2022 04/2022
Slide 2: Agenda
Agenda Introduction to Kardex Division Kardex Remstar Division Kardex Mlog Corporate Ventures Sustainability Outlook 2022 Investment Case – Why Kardex Kardex Company Presentation 2022 | 04/2022 | 2
Slide 3: Introduction to Kardex
Introduction to Kardex Kardex Company Presentation 2022 | 04/2022 | 3
Slide 4: Market in Brief – Definition of Intralogistics
Market in Brief – Definition of Intralogistics Manufacturing Distribution Transport Shop Last mile Intralogistics optimizes the efficiency of supply chains within the boundaries of a manufacturing and/or distribution center Intralogistics solutions provider offer a range from purely manual to hi
Slide 5: Market in brief – Growth and Profitability of Intralogistics segments
Market in brief – Growth and Profitability of Intralogistics segments Profitability Relative growth Market volume Person-to-goods Goods-to-person Racking and Automated Stand Alone Integrated Fully Integrated Shelving Products Subsystems Subsystems Systems Complexity Kardex Company Presentation 2022
Slide 6: Kardex in brief
Kardex in brief Kardex provides Intralogistics solutions and services to increase the efficiency in storing and handling of goods and materials Kardex consists of 2 Divisions which are both Visit us @ positioned in attractive growth markets www.kardex.com Well balanced Business Model with New
Slide 7: Kardex in brief - Key Figures 2017–2021 (in EUR million)
Kardex in brief - Key Figures 2017–2021 (in EUR million) Net revenues Operating result (EBIT) and EBIT margin 500 75 CAGR 4.9% CAGR 7.4% 13.5% 13.4% 400 60 12.6% 13.4% 12.2% 300 45 423.4 471.2 455.5 200 376.1 412.9 30 63.5 61.1 53.2 55.5 +12.6% +11.3% -12.4% +10.3% 46.0 +15.7 +19.4% -12.6% +10.1% 10
Slide 8: Kardex in brief – Global Footprint 2021
Kardex in brief – Global Footprint 2021 73% 20% 1% 6% Americas 1% Europe Middle East and Africa Asia / Pacific Kardex Company Presentation 2022 | 04/2022 | 8
Slide 9: Kardex in brief – Profitable and sustainable Business Model
Kardex in brief – Profitable and sustainable Business Model Business Model Market Information More than 140’000 installed Kardex Remstar machines worldwide with a lot of potential for repeat business Kardex Mlog with more than 1’000 systems with approx. 2’500 stacker cranes and a lot of moderniz
Slide 10: Kardex in brief – Positioning of Divisions to drive Profitable Growth
Kardex in brief – Positioning of Divisions to drive Profitable Growth Profitability Relative growth Market volume Person-to-goods Goods-to-person Growth directions Racking and Automated Stand Alone Integrated Fully Integrated Shelving Products Subsystems Subsystems Systems Complexity Kardex Company
Slide 11: Division Kardex Remstar
Division Kardex Remstar Kardex Company Presentation 2022 | 04/2022 | 11
Slide 12: Division Kardex Remstar
Division Kardex Remstar Global organization providing Sales and Service in over 30 countries Automated solutions focusing on order fulfillment and storage/retrieval of single items >1’600 FTEs 140’000+ installed solutions 2 manufacturing sites in Germany and 1 manufacturing site in the US
Slide 13: Division Kardex Remstar – Key Figures 2017 to 2021 (in EUR million)
Division Kardex Remstar – Key Figures 2017 to 2021 (in EUR million) Net revenues Operating result (EBIT) und EBIT margin 500 75 CAGR 4.8% CAGR 8.0% 15.6% 16.5% 16.6% 400 60 14.7% 14.7% 300 45 200 392.4 365.5 30 61.4 56.2 60.5 302.7 +14.8% 347.5 +12.9% -13.3% 340.2 +7.4% 44.4 51.0 100 +14.9% +20.4% -
Slide 14: Division Kardex Remstar – Portfolio
Division Kardex Remstar – Portfolio Vertical Buffer Modules Vertical Lift Modules Horizontal Carousel Modules Vertical Carousel Modules Software Suite Life Cycle Services Focus on automated solutions for order fulfillment and storage/retrieval of single items Kardex Company Presentation 2022 | 04/20
Slide 15: Division Kardex Remstar – Case Study
Division Kardex Remstar – Case Study Customer Wildkamp Solution Benefits Technical Wholesaler, located in the Order fulfillment solution to address Flexible and future-proof Intralogistics Netherlands accuracy and efficiency solution Challenges/Pains: Components of the solution: Main gai
Slide 16: Division Kardex Mlog
Division Kardex Mlog Kardex Company Presentation 2022 | 04/2022 | 16
Slide 17: Division Kardex Mlog
Division Kardex Mlog German based organization with focus on the DACH region Automated solutions focusing on storage/retrieval of unit loads (pallets) and bins >300 FTEs 1’000+ installed solutions worldwide 1 manufacturing site in Germany Key figures FY 2021 – Net revenues EUR 89.0 m – E
Slide 18: Division Kardex Mlog – Key Figures 2017 to 2021 (in EUR million)
Division Kardex Mlog – Key Figures 2017 to 2021 (in EUR million) Net revenues Operating result (EBIT) and EBIT margin 100 8 CAGR 4.9% CAGR 10.9% 7.1% 6.6% 80 6 6.7% 5.3% 60 5 89.0 3.8% 40 73.6 75.9 79.1 73.0 3 5.6 5.9 5.1 +3.1% +4.2% -7.7% +21.9% 3.9 +30.8% +9.8% -50.0% +110.7% 20 2 2.8 0 0 2017 201
Slide 19: Division Kardex Mlog – Portfolio
Division Kardex Mlog – Portfolio Standardized Industry Specific (Stand Alone) Subsystems MSequence MCompact MDynamic MTower Products Stacker Crane Modules Conveyor Modules Software Suite Life Cycle Services Focus on automated solutions for storage/retrieval of unit loads (pallets) and bins Kardex Co
Slide 20: Kardex Mlog Division – Case Study
Kardex Mlog Division – Case Study Customer Solution Benefits Industry segment “Beverage”, solution for Automated storage/retrieval/sorting buffer Future-proof and flexible Intralogistics dispatch area for pallets with separated staging lanes solution with high performance Challenges/Pains
Slide 21: Corporate Ventures
Corporate Ventures Kardex Company Presentation 2022 | 04/2022 | 21
Slide 22: Corporate Ventures support image of Kardex as Solution Provider
Corporate Ventures support image of Kardex as Solution Provider Bookings of EUR 30 million achieved, whereas EUR 19.1 million shown in consolidated result Ramp-up cost of Corporate Ventures of EUR 3 million impact EBIT 2021 AutoStore Business Robomotive B.V. Rocket Solution GmbH consolidated con
Slide 23: Sustainability
Sustainability Kardex Company Presentation 2022 | 04/2022 | 23
Slide 24: ESG @ Kardex
ESG @ Kardex Environment Social Governance Solutions of Kardex Corporate Culture Kardex Code of Conduct – Reduce energy consumption – Guiding Principles including – Applicable to all employees and and footprint of our customers the Core Values (Respect, Team Spirit, business partners – Ensure
Slide 25: ESG Roadmap
ESG Roadmap Joined UN Global Compact in 2021 Supporting sustainability goals of UN’s Agenda 2030 Focus on aspects Kardex can directly impact, supporting SDGs 4, 8, 12, 13 Carefully analyzing, documenting and driving progress in line with guidelines Kardex goes electric and replaces company
Slide 26: Outlook
Outlook Kardex Company Presentation 2022 | 04/2022 | 26
Slide 27: Outlook
Outlook General market condition with positive outlook will support bookings development Based on the strong starting backlog, both divisions expect increased net revenues Global supply chain shortages remain a significant risk factor for top and bottom line New activities will be developed
Slide 28: Investment Case – Why Kardex
Investment Case – Why Kardex Kardex Company Presentation 2022 | 04/2022 | 28
Slide 29: Kardex Investment Case
Kardex Investment Case Intralogistics with robust and high global growth expectation above GDP Logistics cost as a major cost element for Kardex’ customers lead to a constantly increasing acceptance of automation Installed base and Life Cycle Management as backbone for a sustainable Business M
Slide 30: Share Price development
Share Price development 2021 Registered shares of Kardex Holding AG (KARN) Swiss Performance Index – rebased 2017-2021 Kardex Company Presentation 2022 | 04/2022 | 30
Slide 31: Disclaimer
Disclaimer This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements may include statements on the financial situation, earnings situation and business results of Kardex as well as certain strategic plans and objective