Slide 1: Half-Year Results 2020
Half-Year Results 2020 Media and Investor Presentation, July 16, 2020 Dr. Norbert Klapper, Group CEO Kurt Ledermann, Group CFO
Slide 2: Key Messages
Key Messages First half of 2020 severely impacted by COVID-19 ‒ Order intake of CHF 250.7 million down 34% on previous year ‒ Sales of CHF 254.9 million 39% below first half of 2019 ‒ EBIT of CHF -55.0 million, before restructuring charges of CHF -46.9 million ‒ Implementation of COVID crisis manage
Slide 3: Financial Highlights Half-Year 2020
Financial Highlights Half-Year 2020 . CHF million HY1 2020 HY1 2019 Comments ‒ Deferral by customers of investments and Order intake 250.7 378.3 scheduled deliveries, sharp decline in demand for wear & tear and spare parts ‒ Low order intake in the first three quarters of Sales 254.9 416.1 2019, ref
Slide 4: Order Intake by Business Group
Order Intake by Business Group Order intake at CHF 250.7 million due to significant decrease in demand associated with the COVID-19 pandemic CHF million ‒ Business Group Machines & Systems booked CHF 129.2 million (-34% vs 2019); deferral by -34% 378 customers of investments and scheduled deliveries
Slide 5: Sales by Business Group
Sales by Business Group Sales at CHF 254.9 million in the first half of 2020 (-39% vs 2019) CHF million ‒ Business Group Machines & Systems booked CHF 119.9 million (-46% vs 2019); decrease due to -39% 416 the low order intake in the first three quarters of the previous year and deferred deliveries
Slide 6: Sales Development by Region
Sales Development by Region CHF million ‒ Sales in all regions were marked by the COVID-19 pandemic, exception Turkey -39% 416 ‒ Lockdown in India resulted in a decline of sales to CHF 17.7 million (-73% vs 2019) 165 ‒ In the Asian countries, in China and in North and South America sales decreased b
Slide 7: EBIT Before Restructuring Charges
EBIT Before Restructuring Charges Decrease in operating profit before restructuring mainly due to decline in sales CHF million Research & Selling, general development & administrative Other income/ HY1 2019 Gross margin expenses expenses expenses HY1 2020 -1.6 -46.9 48.3 6.0 10.3 1.3 Half-Year Resul
Slide 8: EBIT Before Restructuring Charges by Business Groups
EBIT Before Restructuring Charges by Business Groups CHF million HY1 2020 HY1 2019 Comments ‒ Due to the low volume combined with the ongoing Machines & Systems -39.9 -22.7 innovation program ‒ Lower sales of wear & tear parts due to the suspension Components -1.6 6.5 of production in many spinning
Slide 9: COVID Crisis Management and Restructuring
COVID Crisis Management and Restructuring ‒ Comprehensive COVID crisis management SG&A, CHF million implemented -10% ‒ Measures to protect employees in place 99 ‒ Order backlog largely processed according to plan 88 ‒ Cost and cash saving measures led to a reduction in Selling, General & Administrat
Slide 10: Balance Sheet − Key Figures
Balance Sheet − Key Figures Solid balance sheet – repayment of bond prepared CHF million 30/6/2020 31/12/2019 ‒ Liquid funds on a high level Liquid funds 253.5 285.0 ‒ Net liquidity position of CHF 36.0 million Net liquidity 36.0 162.1 ‒ Increased current financial debt Net working capital 39.6 -7.5
Slide 11: Continued Implementation of Strategy
Continued Implementation of Strategy ‒ In recent years, Rieter has consistently implemented the strategy based on the cornerstones of innovation leadership, strengthening the components, spare parts and services businesses, and adjusting cost structures. ‒ Rieter will forge ahead with the strategy i
Slide 12: Second Half Year of 2020 Expected to Be Stronger
Second Half Year of 2020 Expected to Be Stronger Rieter expects a stronger second half of 2020 in comparison to the first half of 2020 in terms of sales and profitability based on: ‒ An order backlog of around CHF 490 million ‒ An improved cost base ‒ Signs of market recovery In this context, Rieter
Slide 13: Change in the Group Executive Committee
Change in the Group Executive Committee Carsten Liske, Head of the Business Group Machines & Systems and member of the Group Executive Committee since 2015, is to leave the Group Executive Committee in July 2021 to pursue a career opportunity outside the Rieter Group. The Board of Directors wishes t
Slide 14: Disclaimer
Disclaimer Rieter is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever
Slide 15: Appendix
Appendix Half-Year Results 2020, Media & Investor Presentation . July 16, 2020 Page 15
Slide 16: Key Data by Share
Key Data by Share Rieter registered shares of CHF 5 nominal value 30/06/2020 31/12/2019 30/06/2019 Bloomberg: RIEN SW, Thompson Reuters: RIEN.S Shares outstanding excluding own shares (end of period) 4 472 514 4 514 331 4 496 338 Average shares (of period) 4 487 622 4 496 460 4 489 378 Share price (
Slide 17: Financial Calendar
Financial Calendar Trading Update 2020 October 23, 2020 Publication of sales 2020 January 27, 2021 Deadline for proposals regarding the agenda of the Annual General Meeting February 19, 2021 Results press conference 2021 March 9, 2021 Annual General Meeting 2021 April 15, 2021 Half-Year Results 2020