Aalberts N.v. · EURONEXT:AALB
Aalberts — Shareholder Meeting (May 2023)
35 slides from Aalberts's shareholder meeting presentation, May 25, 2023
Slide 1: General meeting Aalberts N.V.
general meeting Aalberts N.V. Utrecht, 25 May 2023
Slide 2: Agenda
agenda Aalberts highlights 2022 Aalberts ‘accelerates unique positioning’ financial development 2022 trading update - first four months 2023 questions & answers Aalberts | General Meeting 2
Slide 3: 1. Aalberts highlights 2022
1. Aalberts highlights 2022 Wim Pelsma - CEO
Slide 4: Aalberts highlights
Aalberts highlights revenue added-value (in EUR million) (% of revenue) 3,230 62.4 o revenue EUR 3,230 million; organic growth 8.7% +8% 2021: 62.2 EBITA o orderbook increased with 37% EBITA % (in EUR million) (% of revenue) o EBITA EUR 500 million; EBITA margin 15.5% 500 15.5 2021: 15.2 o net profit
Slide 5: Aalberts portfolio optimisation
Aalberts portfolio optimisation acquisitions divestments ISEL UWS KML ETI Germany Germany Austria Indiana, USA specialised in wafer water treatment systems mechatronic solutions annual revenue approx. handling & robotics and maintenance performing linear and USD 45 million and machine systems servic
Slide 6: 2. Aalberts 'accelerates unique positioning'
2. Aalberts ‘accelerates unique positioning’ Wim Pelsma - CEO
Slide 7: You will find Aalberts where technology matters and real progress can be made
“you will find Aalberts where technology matters and real progress can be made” humanly, environmentally and financially
Slide 8: The essence
the essence we engineer mission-critical technologies enabling a clean, smart and responsible future we are a company of mission-critical people who can’t resist going beyond the line of duty - good is never good enough sharing and discussing ‘bad’ gets us to brilliant – greatness is made of shared
Slide 9: Our way of value creation
our way of value creation the Aalberts playing field the Aalberts playbook the Aalberts way shaping eco-friendly buildings driving sustainable transportation increasing enhancing semicon efficiency industrial niches mission-critical technologies greatness is made good is never good enough of shared
Slide 10: The Aalberts playing field
the Aalberts playing field we engineer mission-critical technologies enabling a clean, smart and responsible future shaping eco-friendly buildings driving sustainable transportation increasing enhancing semicon efficiency industrial niches you will find Aalberts where technology matters and real pro
Slide 11: The Aalberts playbook
the Aalberts playbook good is never good enough winning with the best teams compounding returns operational excellence | leverage relentless pursuit strong cash conversion of excellence disciplined capital allocation strong free cash flow portfolio optimisation portfolio optimisation focus leverage
Slide 12: The Aalberts way
the Aalberts way greatness is made of shared knowledge be an entrepreneur take ownership go for excellence share and learn act with integrity the Aalberts way – winning with people 25 May 2023 Aalberts | General Meeting 12
Slide 13: Aalberts strategy & objectives
Aalberts strategy & objectives accelerating unique positions with mission-critical technologies, high entry barriers and pricing power creating sustainable profitable growth with high added-value margins, EBITA margins and innovation rates driving operational excellence and portfolio optimisation co
Slide 14: SDG impact increased to 68%
drive sustainable entrepreneurship SDG impact increased to 68% mission-critical technologies our playing field creating energy savings hydronic flow control eco-friendly buildings hygienic distribution of water integrated piping systems semicon efficiency acceleration of technological breakthroughs
Slide 15: Net zero carbon roadmap
drive sustainable entrepreneurship net zero carbon roadmap net zero carbon focus projects per business team 2022 2022-2026 2040 2050 scope 1+2 • drive energy efficiency progress target energy use (in CO2 intensity)* • use renewable energy 29% 30% versus 2018 versus 2018 • reduce, reuse, recycle ra
Slide 16: The Aalberts way: greatness is made of shared knowledge
the Aalberts way greatness is made of shared knowledge “ our pragmatic culture and lean structure keep us ahead of the game, no matter how frequently or significantly the game is disrupted “ 25 May 2023 Aalberts | General Meeting 16
Slide 17: People & culture
people & culture talent development gender diversity developed senior leadership 556 2026 target 30% 2022 25% 2021 23% retained promoted total workforce 81% 21% 24% promotion of talents and leaders is increasing fast, generating energy and motivation 25 May 2023 Aalberts | General Meeting 17
Slide 18: 3. Financial development 2022
3. financial development 2022 Arno Monincx - CFO
Slide 19: Revenue bridge
revenue bridge 25 May 2023 Aalberts | General Meeting 19
Slide 20: EBITA bridge
EBITA bridge 25 May 2023 Aalberts | General Meeting 20
Slide 21: Condensed consolidated income statement
condensed consolidated income statement in EUR million (before exceptionals) 2022 2021 revenue 3,230.0 2,979.1 EBITDA 633.5 585.1 depreciation (133.2) (130.9) EBITA 500.3 454.2 net finance cost (20.8) (13.2) income tax expense (102.3) (96.0) non-controlling interests (5.0) (7.7) net profit before am
Slide 22: Condensed consolidated balance sheet
condensed consolidated balance sheet in EUR million 31.12.2022 31.12.2021 total non-current assets 2,732 2,460 total current assets 1,479 1,195 total assets 4,211 3,655 total equity 2,363 2,184 total non-current liabilities 852 525 total current liabilities 996 946 total equity and liabilities 4,211
Slide 23: Free cash flow
free cash flow in EUR million (before exceptionals) 2022 2021 delta EBITDA 633.5 585.1 48.4 gain on disposal of subsidiaries (34.4) (13.1) (21.3) result on sale of equipment / changes in provisions 5.7 0.9 4.8 changes in working capital (243.4) (108.7) (134.7) cash flow from operations 361.4 464.2 (
Slide 24: Reporting per business segment
reporting per business segment building technology 2022 2021* delta revenue (in EUR million) 1,841.8 1,856.1 (1%) organic revenue growth (in %) 6.1 15.9 (9.8) EBITA (in EUR million) 276.4 290.5 (5%) EBITA as a % of revenue (in %) 15.0 15.6 (0.6) capital expenditure (in EUR million) 94.3 75.8 24% ind
Slide 25: Revenue per end market and region
revenue per end market and region revenue per end market (in %) revenue per region (in %) 19 12 5 15 24 54 12 59 eco-friendly buildings 54% Western Europe 59% semicon efficiency 12% America 24% sustainable transportation 15% Eastern Europe 12% industrial niches 19% APAC, Middle East, Africa 5% 25 Ma
Slide 26: Dividend
dividend 1.11 dividend proposal 0.65 cash dividend EUR 1.11 per share (2021: EUR 1.01), increase of 10% 0.35 2021: special dividend of EUR 0.64 2012 2017 2022 CAGR 12% cash dividend proposal EUR 1.11 per share, increase of 10% 25 May 2023 Aalberts | General Meeting 26
Slide 27: Over 45 years of sustainable profitable growth
our track record over 45 years of sustainable profitable growth multi-industry focus portfolio growth focus mission-critical technology focus 3500 3,230 600 3000 revenue (in EUR million) 2,694 500 500 2500 EBITA (in EUR million) 2,025 400 2000 1,703 336 300 1500 219 1000 193 200 706 100 500 278 84 9
Slide 28: Shareholder value creation
our track record shareholder value creation earnings per share dividend per share return on incremental long-term shareholders (in EUR) (in EUR) capital employed (>3% holdings) 1.11 3.37 capital EBITA employed 219 2012 1,492 1.40 0.35 500 2022 3,156 (1) IFRS 16 (166) 280 1,498 2012 2022 2012 2022 CA
Slide 29: 4. Trading update - first four months 2023
4. trading update - first four months 2023 Wim Pelsma - CEO
Slide 30: Trading update - first four months 2023
trading update - first four months 2023 o organic revenue growth 6.4% o orderbook end of April 4% higher o added value margin on a good level o customer service improved due to fewer supply chain issues o business development and innovation plans continued o operational excellence projects continued
Slide 31: Trading update: shaping eco-friendly buildings
trading update - first four months 2023 shaping eco-friendly buildings o volume decline due to continued inventory reduction of our wholesale customers o renovation heating and cooling systems is continuing, energy efficiency strong growth driver o postponements in new build projects o pricing initi
Slide 32: Trading update: increasing semicon efficiency
trading update - first four months 2023 increasing semicon efficiency o strong growth continued o our service improved due to » fewer supply chain issues, capacity expansions and efficiency improvements o orderbook is on a very good level o working on further expansions of our footprint and manufact
Slide 33: Trading update: driving sustainable transportation
trading update - first four months 2023 driving sustainable transportation o strong performance with a good orderbook o realised good added value margins due to timely pricing initiatives o supply chain disruptions at facilities of our customers reduced o demand for precision manufactured parts and
Slide 34: Trading update: enhancing industrial niches
trading update - first four months 2023 enhancing industrial niches o order intake continued on a high level o our activities performed very well o record orderbook in several industrial niches o demand precision extrusion parts and specialised surface technologies continued on high level o our indu
Slide 35: 5. Questions & answers
5. questions & answers aalberts.com/investors