Slide 1: Group Figures on Q2 2024
GROUP FIGURES ON Q2 2024 THOMAS JESSULAT, CEO AUGUST 7, 2024
Slide 2: First Half of 2024 – Some Highlights
FIRST HALF OF 2024 – SOME HIGHLIGHTS FUEL CELL: EKPO ONCE AGAIN PROVED WIDE SCOPE OF SHAPE30 – THE NEW STACK APPLICATIONS SUPPLYING FUEL CELL STACKS FOR H2 TRANSFORMATION STRATEGY FLIGHT AROUND THE WORLD, FOR POWER SUPPLY UNIT AT OF ELRINGKLINGER GROUP AIRPORT AND PROTOTYPES FOR CHINESE OEM FAW GROU
Slide 3: Transformation at ElringKlinger in Full Swing
#1 PRODUCT #2 SUSTAINABILITY #3 PERFORMANCE & #4 DIGITAL #5 CORPORATE TRANSFORMATION PROCESS EXCELLENCE TRANSFORMATION CULTURE TRANSFORMATION AT ELRINGKLINGER IN FULL SWING 3
Slide 4: Financials
FINANCIALS
Slide 5: Soft Market Reflected in Revenue
SOFT MARKET REFLECTED IN REVENUE Order intake in mEUR Order backlog in mEUR FX-adjusted: +1.4% -2.4% -7.7% 489 1,354 1,305 1,329 465 1,279 1,249 374 377 365 Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2023 Q3 Q4 Q1 Q2 2024 Sales revenue in mEUR Sales revenue in mEUR Organic: -3.8% -5.1% -5.1% 469 452 465 468.7 439
Slide 6: Balanced Sales Upholding Margin
BALANCED SALES UPHOLDING MARGIN Revenue by business unit in % of total revenue Revenue by region in % of total revenue South America Other Lightweighting/ & Rest of World Engineered Plastics Elastomer Technology 7% <1% 6% Asia-Pacific Rest of Aftermarket 27% 15% Europe 19% 31% Other OE 0% Q2 2024 Q2
Slide 7: Robust Earnings, EPS Visibly Up
ROBUST EARNINGS, EPS VISIBLY UP EBITDA in mEUR Adjusted EBIT in mEUR EBITDA margin in % of total revenue Adjusted EBIT margin in % of total revenue +6.2% -9.3% 52.3 50.8 49.7 24.8 26.3 46.8 47.7 22.7 24.0 22.5 10.0 10.6 11.9 10.9 11.2 5.3 5.0 6.0 5.2 5.0 Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2023 Q3 Q4 Q1 Q2
Slide 8: Net Financial Debt on Continuously Low Level
NET FINANCIAL DEBT ON CONTINUOUSLY LOW LEVEL Capex in mEUR Net working capital in mEUR Capex ratio in % of total revenue Net working capital ratio in % of total revenue +31% -8.8% 24.9 529 510 466 489 482 22.7 17.4 16.7 16.9 439 459 28.0 27.1 25.2 26.8 26.8 5.7 294 248 3.7 3.7 3.6 5.1 -204 -224 Q2 2
Slide 9: Aftermarket Sales Growing Profitably
AFTERMARKET SALES GROWING PROFITABLY Sales and adjusted EBIT margin by segments ORIGINAL EQUIPMENT AFTERMARKET -8.7% +12.2% 360 343 340 340 90.4 84.8 328 75.6 74.4 68.4 25.1 21.6 24.6 25.1 24.2 0.9 0.6 1.0 -0.7 -0.4 Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2023 Q3 Q4 Q1 Q2 2024 ENGINEERED PLASTICS OTHERS -3.7%
Slide 10: Markets & Outlook
MARKETS & OUTLOOK 10
Slide 11: Global LV Production 2024 Expected Softer
GLOBAL LV PRODUCTION 2024 EXPECTED SOFTER Expected LV production in million units Change vs. prior year’s quarter in % NORTH AMERICA EUROPE GREATER CHINA +5.4% +0.6% +1.1% -4.6% +0.8% +0.1% 18.0 30.6 15.7 15.8 15.9 17.1 17.3 29.0 29.1 4.0 4.2 4.6 4.4 4.4 8.6 3.9 3.8 3.7 7.0 7.1 6.3 1.8 1.7 1.2 -0.8
Slide 12: Outlook Confirmed with H1 Results
OUTLOOK CONFIRMED WITH H1 RESULTS Actual Actual FY 2023 H1 2024 FY 2024 Mid-term Slight Organic growth of Revenue 1.85 bEUR 0.91 bEUR organic growth 5% to 7% annually Approx. 5% Approx. 7% Adjusted EBIT Margin 5.4% 5.1% of revenue of revenue Approx. 2% Approx. 3% Operating Free Cash Flow 2.0% -1.1%
Slide 13: Let's Shape the Future
elringklingér ) CL LET’S SHAPE THE FUTURE. BSHAPE*°
Slide 14: Appendix
APPENDIX
Slide 15: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Q2 2024 Q2 2023 Sales revenue 445 469 Cost of sales -335 -369 Gross profit 109 100 Gross margin in % 24.6 21.3 Selling expenses -39 -38 General and administrative expenses -25 -26 Research and development costs -23 -19 Other operating income 4 6 Other operating expense
Slide 16: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of Jun As of Dec As of Jun As of Dec Assets Liabilities and equity 30, 2024 31, 2023 30, 2024 31, 2023 Intangible assets 174 168 Share capital 63 63 Property, plant, and equipment 856 858 Capital reserves 118 118 Financial assets 12 12 Revenue reserve
Slide 17: Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS Q2 2024 Q2 2023 [Continued] Q2 2024 Q2 2023 Earnings before taxes (EBT) 16 11 Proceeds from disposals of PPE and intangible assets 0 0 Depreciation/amortization (less write-ups) of non-current Proceeds from disposals of financial assets 5 0 assets 27 30 Payments
Slide 18: Key Group Figures – Last 5 Years
KEY GROUP FIGURES – LAST 5 YEARS 2023 2022 2021 2020 2019 Order intake 1,691 1,874 1,978 1,483 1,737 Order backlog 1,305 1,462 1,386 1,033 1,030 Sales 1,847 1,798 1,624 1,480 1,727 EBITDA 200 174 216 182 181 Adjusted EBIT1 100 68 102 28 61 Adjusted EBIT margin1 in% 5.4 3.8 6.3 1.9 3.5 EBT 53 -56 101
Slide 19: Key Segmental Figures – Last 5 Years
KEY SEGMENTAL FIGURES – LAST 5 YEARS 2023 2022 2021 2020 2019 Group Sales 1,847 1,798 1,624 1,480 1,727 Adjusted EBIT1 100.1 68.4 102.0 28 61 Adjusted EBIT margin1 in % 5.4 3.8 6.3 1.9 3.5 Original Equipment Sales 1,412 1,411 1,280 1,186 1,423 Adjusted EBIT1 9.9 -1 37 -24 5 Adjusted EBIT margin1 in
Slide 20: Key Group Figures – Last 5 Quarters
KEY GROUP FIGURES – LAST 5 QUARTERS Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Order intake 365 489 465 377 374 Order backlog 1,249 1,329 1,305 1,279 1,354 Sales 445 465 439 452 469 EBITDA 49.7 50.8 52.3 47.7 46.8 EBIT 22.4 23.8 18.8 21.4 16.7 EBIT margin in % 5.0 5.1 4.3 4.7 3.6 EBIT adjusted 22.5 24.
Slide 21: Key Segmental Figures – Last 5 Quarters
KEY SEGMENTAL FIGURES – LAST 5 QUARTERS Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Group Sales 445 465 439 452 469 Adjusted EBIT 22.5 24.0 26.3 22.7 24.8 Adjusted EBIT margin in % 5.0 5.2 6.0 5.0 5.3 Original Equipment Sales 328 339 340 343 360 Adjusted EBIT -1.3 -2.4 3.3 2.1 3.4 Adjusted EBIT margin i
Slide 22: Financial Calendar
FINANCIAL CALENDAR Preliminary figures FY 2023 Annual General Meeting March 13, 2024 May 16, 2024 Q3 Full figures FY 2023 March 27, 2024 Q2 Q1 AGM Q3 2024 November 12, 2024 FY Prelim. 2023 FY 2023 Q1 2024 Q2 2024 May 7, 2024 August 7, 2024 22
Slide 23: Contact
CONTACT DR. JENS WINTER HEIDEROSE MALL DR. PHILIPP OTTENSTEIN Vice President Strategic Communications Strategic Communications Strategic Communications Phone: +49 7123 724-88335 Phone: +49 7123 724-463 Phone: +49 7123 724-9594 Mail: jens.winter@elringklinger.com Mail: heiderose.mall@elringklinger.co
Slide 24: Disclaimer
DISCLAIMER Forward-looking statements and predictions This presentation contains statements about the future. These statements are based on current expectations, market evaluations and predictions by the Management Board, and on information that is currently available to them. The statements about t