Facc Ag · VIE:FACC
Facc — Q3 2020 Earnings Presentation
13 slides from Facc's earnings presentation, Nov 18, 2020
Slide 1: FACC AG Analyst Presentation & Outlook 2020
FACC AG ANALYST PRESENTATION & OUTLOOK 2020 November 2020 11/18/2020
Slide 2: Key Business Topics
KEY BUSINESS TOPICS > Global aerospace industry is slowly recovering > Regional differences in the development of air traffic > China is well ahead in the recovery process whereas EU and USA is progressing slowly > Delivery volume to OEM’s with a 30% increase in September compared to July and August
Slide 3: Q3 2020 – Business Snapshot
Q3 2020 – BUSINESS SNAPSHOT Impacts from Worldwide Covid-19 pandemic to FACC key financials Q3 Revenues EUR 100.7 mill. Q3 EBIT (adjusted) EUR -9 mill. Equity Ratio: 38.9% Net Debt: EUR 236.3 mill.
Slide 4: Strategic Projects
STRATEGIC PROJECTS Research- and new projects progressing according to plan > FACC Innovation Center – New equipment installed and in use – Thermoplastic Test parts manufactured with significant reduction in cost compared to actual used technology – Wing of Tomorrow high lift systems produced – tech
Slide 5: Other Important Milestones
OTHER IMPORTANT MILESTONES > Certification to AN 9110 (repair & maintenance) – Enabler to repair Non FACC produced products – Access to larger MRO market – Prerequisite for Airlines and /or OEM’s to win larger scale repair contracts > Bombardier Diamond Supplier Award > AIRBUS Preferred Supplier Awa
Slide 6: 2020/2021 Key Priorities
2020/2021 KEY PRIORITIES > Secure operations in a safe environment > Keep Best in Class performance to our worldwide customers > Execute Cost Reduction plans started in 2019 and amended in 2020 > Strong focus on cash and preserve liquidity > Increase utilization from ramp up of new contracts and SOW
Slide 7: Financials
FINANCIALS Ales Starek
Slide 8: FACC Group
FACC GROUP Revenues EBIT (Adjusted for one off items – 2019 and 2020) in EUR mill. in EUR mill. 21,1 582,6 392,8 -9,0 1-9 2019 1-9 2020 1-9 2019 1-9 2020
Slide 9: Impairments and Other Items
IMPAIRMENTS AND OTHER ITEMS Based on market development of FACC customers Impairments calculated by NPV method Cost for Social Plan related to a reduction in headcount (FTE) of approx. 650 Reported EBIT at EUR -57.5 million in million EUR
Slide 10: Segment Reporting 1-9 2020
SEGMENT REPORTING 1-9 2020 Revenue and EBIT decrease evenly distributed across all segments Aerostructures Engines & Nacelles Cabin Interiors in EUR mill. in EUR mill. in EUR mill. 131,2 90,4 171,2 5,3 3,3 3,8 -13,8 -21,9 -21,8 Revenues EBIT Investments Revenues EBIT Investments Revenues EBIT Invest
Slide 11: Free Cashflow
FREE CASHFLOW Free cashflow impacted by safeguarding delivery to customer Free cashflow – 1-9 2019 Free cashflow – 1-9 2020 in EUR mill. in EUR mill.
Slide 12: Outlook 2020 and Beyond
OUTLOOK 2020 AND BEYOND The economic impact as well as the global development of the COVID 19 crisis requires an ongoing assessment of the situation. On the basis of the information currently available from FACC's main customers regarding short and medium-term construction rates, it must be assumed
Slide 13: Disclaimer
DISCLAIMER > This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate', 'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-looking statements. > Forward-looking statements are subje