Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — FY2023 Earnings Presentation
17 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Feb 16, 2024
Slide 1: HELLA Investor Update
HELLA Investor Update Preliminary Results FY 2023 (Jan 1, 2023 - Dec 31, 2023) February 16 th , 2024
Slide 2: Summary
Summary 01 Preliminary Results FY 2023 (Jan 1, 2023 - Dec 31, 2023) 02 Outlook FY 2024 (Jan 1, 2024 - Dec 31, 2024) 03 Competitiveness Program for Europe 04 Key Takeaways
Slide 3: Preliminary Results FY 2023
01 Preliminary Results FY 2023 (Jan 1, 2023 - Dec 31, 2023)
Slide 4: Sales growth in FY 2023 driven by demand for core products and technologies, all targets achieved
Sales growth in FY 2023 driven by demand for core products and technologies, all targets for 2023 achieved HELLA Group ❯ FX adj. sales for the group at €8.1bn, high demand for core products and technologies, sales growth at 11.7% ❯ Operating Income at €486m, OI margin at 6.1% (vs. 4.1% in CY 2022) •
Slide 5: Successful business development in all business groups; numerous high-tech, large-volume customer projects won
Successful business development in all business groups; numerous high-tech, large-volume customer projects won LIGHTING ELECTRONICS LIFE CYCLE SOLUTIONS CY 2022 FY 2023 CY 2022 FY 2023 CY 2022 FY 2023 Total sales (€bn) 3.4 3.9 Total sales (€bn) 3.1 3.4 Total sales (€bn) 1.0 1.1 Operating Income (€m)
Slide 6: Significant awards as proof point for HELLA's technology and product advantage
Significant awards as proof point for HELLA’s technology and product advantage Strong order intake track record continued in 2023 with ~€11bn order volume Order Highlights 12M 2023 ❯ Electronics receives order intake for high-content technologies • Record-size 77GHz radar package for German OEM; SOP
Slide 7: Outlook FY 2024
02 Outlook FY 2024 (Jan 1, 2024 - Dec 31, 2024)
Slide 8: Market recovery expected to weaken in Europe; global market expected to stagnate
Market recovery expected to weaken in Europe; the global market is expected to stagnate with close to 90m vehicles produced in 2024 Expected Global Light Vehicle production Expected Global Light Vehicle production in million units, S&P Global Mobility per Jan 2024 in million units, S&P Global Mobili
Slide 9: HELLA FY 2024 outlook with modest sales growth and slight improvements of margin and cash generation
HELLA FY 2024 outlook with modest sales growth and slight improvements of margin and cash generation Outlook for the period January 1, 2024, to December 31, 2024 Based on an assumed LVP production of ~90 million vehicles for the period Consolidated sales In a range of around € 8.1 to 8.6 billion Cur
Slide 10: Competitiveness Program for Europe
03 Competitiveness Program for Europe
Slide 11: Drastically changed conditions in Europe with LVP significantly below former planning assumptions
Drastically changed conditions in Europe with LVP significantly below former planning assumptions and stagnation going forward Significantly increased price pressure driven by overcapacities, change in customer mix and lower EV penetration in 2024 Significantly reduced volumes with Weaker EV penetra
Slide 12: HELLA initiates program in Europe to strengthen its competitiveness
HELLA initiates program in Europe to strengthen its competitiveness HELLA adapts to changing market conditions at an early stage and with foresight Former programs & Further long-term competitiveness program in Europe until 2028 initiatives in Europe ► Targeted annual gross ❯ Structural RESEARCH & A
Slide 13: Key Takeaways
04 Key Takeaways
Slide 14: Key Takeaways
Key Takeaways ❯ Solid performance in FY 2023 • good sales momentum & profitability improvements driven by growth, cost management, pass-throughs & synergies • continuously strong order intake as constant proof of HELLA’s technology and product offering ❯ Cooperation with FORVIA progressed further •
Slide 15: Upcoming events
Upcoming events March 15, 2024 FY 2023, Full Release April 25, 2024 Q1 FY 2024 April 26, 2024 AGM FY 2023 July 23, 2024 H1 FY 2024
Slide 16: Disclaimer
Disclaimer o This document was prepared with reasonable care. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be
Slide 17: -ORVIA
-ORVIA (HELLA SS