Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q2 2023 Earnings Presentation
10 slides from Exel Composites Oyj's earnings presentation, 2023
Slide 1: Half Year Financial Report Q1-Q2 2023
Half Year Financial Report Q1-Q2 2023 Q2 2023 REVENUE EUR 25.4 MILLION AND ADJUSTED OPERATING PROFIT EUR 0.1 MILLION
Slide 2: Q2 2023 executive summary
Q2 2023 executive summary • Market environment continued to be challenging • Order intake and revenue declined compared to Q2 2022 • Positive adjusted operating profit achieved • Positive cash flow from operating activities Order intake Revenue Adjusted operating profit 2 Half Year Financial Report
Slide 3: Revenue decreased due to general market slowdown and continued inventory reductions by customers
Revenue decreased due to general market slowdown and continued inventory reductions by customers Revenue share by customer industry, Revenue share by region1), % % Buildings and Equipment and Wind power Europe North America infrastructure other industries Machinery and Transportation Asia-Pacific Re
Slide 4: Positive adjusted operating profit achieved with lower revenue
Positive adjusted operating profit achieved with lower revenue ➢ Result burdened by the postponement of orders and lower demand ➢ Corrective actions yield results ➢ H1 2023 costs lower than in H1 2022 mainly due to lower personnel costs and saving actions in operations to improve performance 4 Half
Slide 5: Order backlog development
Order backlog development 5 Half Year Financial Report Q1-Q2 2023
Slide 6: Guidance and outlook
Guidance and outlook Guidance for 2023 unchanged Exel Composites expects that revenue will decrease and adjusted operating profit will decrease significantly in 2023 compared to 2022 Outlook • We reiterate our view that demand is expected to improve in H2 2023 and later driven by opportunities for e
Slide 7: Work continued in Wind project to capture attractive opportunities in wind power market
Work continued in Wind project to capture attractive opportunities in wind power market • APQP4Wind member status for production sites • Contract signed to build a new production facility in India. Ready for production during 2024 • Local test runs and qualifications for wind power customers started
Slide 8: Key takeaways
Key takeaways Challenging market environment Several interesting Updated strategy to be Positive outlook for continued. Positive customer projects presented later this long-term demand adjusted operating ongoing year profit achieved 8 Half Year Financial Report Q1-Q2 2023
Slide 9: Thank you! Kiitos!
Thank you! Kiitos! Questions? Kysymyksiä?
Slide 10: For Forward Thinkers
FOR FORWARD THINKERS