Rheinmetall Ag · XETR:RHM

Rheinmetall — Investor Presentation (August 2024)

77 slides from Rheinmetall's investor presentation, August 2024

  1. Slide 1: Investor Presentation – Securing Tomorrow

    INVESTOR PRESENTATION SECURING TOMORROW August 2024

  2. Slide 2: Content

    INVESTOR PRESENTATION Content 1 Rheinmetall at a glance 2 Market & Drivers 7 3 Four segments under one roof 47 4 Financials 56 5 Outlook 63 6 Appendix 70 2 © Rheinmetall AG I August 2024

  3. Slide 3: Rheinmetall at a glance: Selected key business highlights

    INVESTOR PRESENTATION Rheinmetall at a glance Selected key business highlights Sales by segment Result by segment In €m In €m Weapon and Ammunition Weapon and Ammunition -8% -10% Electronic Solutions Electronic Solutions 24% 15% Vehicle Systems Vehicle Systems 44% 29% Power Systems Power Systems 7,1

  4. Slide 4: Four segments under one roof

    INVESTOR PRESENTATION Rheinmetall at a glance Four segments under one roof RHEINMETALL GROUP Holding Holding Weapon and Electronic Vehicles Power Power Ammunition Solutions Systems Systems Systems  Mid & Large Caliber  Integrated Electronic Ammo Systems  Tactical Vehicles  Air management  After

  5. Slide 5: Next steps of our strategic vision implemented

    INVESTOR PRESENTATION Rheinmetall at a glance Next steps of our strategic vision implemented TRANSFORMATION GROWTH PORTFOLIO TECHNOLOGY SUSTAINABILITY SEGMENT STRUCTURE Accelerated growth ACTIVE PORTFOLIO TECHNOLOGIES in ESG AS INTEGRAL UPDATED becomes tangible MANAGEMENT FOCUS STRATEGY COMPONENT 

  6. Slide 6: ESG: Taking responsibility in a changing world

    INVESTOR PRESENTATION Rheinmetall at a glance ESG: Taking responsibility in a changing world ESG Factbook FRAME-WORKS & INITIATIVES CSR-DIA* GRI UN GC CDP SBTi LkSG CSRD Since 2017 Since 2017 Joined in 2021 Applied in 2021 Q4 2021 2023 2024 ACTION ENVIRONMENT ENVIRONMENT SOCIAL GOVERNANCE  Carbon

  7. Slide 7: Content

    INVESTOR PRESENTATION Content 1 Rheinmetall at a glance 2 Market & Drivers 7 3 Four segments under one roof 47 4 Financials 56 5 Outlook 63 6 Appendix 70 7 © Rheinmetall AG I August 2024

  8. Slide 8: Participating in the defence supercycle

    INVESTOR PRESENTATION Markets & Drivers Participating in the defence supercycle 2024 2022 32 NATO members, Germany reaches 2% Ukraine target 1990 Demand for invasion 100bn fund next Downscaling Upscaling of generation of forces Inflection forces and systems modernization and point Return to treaty a

  9. Slide 9: Defence budgets start to accelerate

    INVESTOR PRESENTATION Markets & Drivers: Strong reaction to the war: Defence budgets start to accelerate NATO Europe and Canada defence expenditure % Annual real change in % Increased demand for defence systems in NATO countries 17.9 18 16 14 12 10 9.3 8 Ships Vehicles Airplanes 5.9 6 4.7 4.2 3.7 4

  10. Slide 10: Significant reduction in export risk due to high NATO order backlog

    INVESTOR PRESENTATION Markets & Drivers: Significant reduction in export risk due to high NATO order backlog  NATO and related countries* FY 2023  Rest of World FY 2022 FY 2018 11% FY 2015 12% 27% 35% 89% 88% 73% 65% 5.8 €bn 8.6 €bn 15.1 €bn 38.3 €bn 10 © Rheinmetall AG I August 2024 * includes 32

  11. Slide 11: Germany's defence spending achieves 2% target in 2024

    INVESTOR PRESENTATION Markets & Drivers: Germany Germany’s defence spending achieves 2% target in 2024 “We need at least 2% of our gross domestic product in the long term in order to align the Bundeswehr with the requirements of the new era and to meet NATO's capability goals” Boris Pistorius, Minis

  12. Slide 12: Addressable German budget more than quadrupled over the last decade

    INVESTOR PRESENTATION Markets & Drivers: Germany Addressable German budget more than quadrupled over the last decade  Maintenance and new equipment invest were continuously increased over the years  Germany’s 2% commitment* supports current levels for the next decade  Rheinmetall booked €28bn gro

  13. Slide 13: Triple R – structural long-term growth drivers for German demand

    INVESTOR PRESENTATION Markets & Drivers: Germany Triple R – the structural long-term growth drivers for German demand RE STOCKING RE EQUIPPING RE BUILDING Re-introduction of DOMAIN Replenish empty Return to 100% capabilities, e.g. LAND ammunition stock equipment level GBAD F-35 DOMAIN production and

  14. Slide 14: Start of a new era in German defence policy

    INVESTOR PRESENTATION Markets & Drivers: Start of a new era in German defence policy Defence Projects with short-term implementation potential Lead time Sales period Ammunition 6-12 months ~10 years Trucks ~12 months ~10 years 8x8 and 6x6 12-18 months 6-7 years Puma 24 months 6-7 years Soldier Syste

  15. Slide 15: First choice for Ukraine's armed forces

    INVESTOR PRESENTATION Markets & Drivers: Ukraine Our mission is to become the first choice for Ukraine‘s armed forces 1 2 3 4 5 Funding by GER & Ring Swaps Direct Deliveries Service & Sustainment Local Cooperation other states 15 © Rheinmetall AG I August 2024

  16. Slide 16: Hungary has developed into a new home market

    INVESTOR PRESENTATION Markets & Drivers: Hungary Hungary has developed into a new home market Rheinmetall is the strategic partner of the Hungarian forces BUILD UP OF WIN-WIN SITUATION EXTENSIVE BUSINESS REALIZATION EXPORT CAPACITIES AND THROUGH MUTUAL POTENTIAL OPPORTUNITIES CAPABILITIES SUPPORT CA

  17. Slide 17: Intensification of Hungarian engagement across all segments

    INVESTOR PRESENTATION Markets & Drivers: Hungary Strong intensification of our Hungarian engagement across all segments Vehicle Systems Weapon and Ammunition Electronic Solutions Ammo plant JV for Hybrid 8x8 digitization of the armed forces LYNX RDX plant Skyranger HERO Loitering Munition PANTHER 17

  18. Slide 18: RBSL JV in prime spot to modernize UK armed forces

    INVESTOR PRESENTATION Markets & Drivers: United Kingdom RBSL JV in prime spot to modernize the UK armed forces  Key supplier to the land domain with Boxer MIV and Challenger upgrade  Currently waiting for the 3. lot Boxer contract and exploration of further Boxer variants including Sales GBAD CAGR

  19. Slide 19: United States potential new home market by late 20s

    INVESTOR PRESENTATION Markets & Drivers: USA The United States has the potential to become a new home market by late 20s  Rheinmetall Common Tactical Trucks (CTT) performs  XM30: down selected to final testing stage Sales  Next generation howitzer: successful testing of L52 gun CAGR ~55% 2022 202

  20. Slide 20: Acquisition of Loc Performance

    INVESTOR PRESENTATION Markets & Drivers: USA Acquisition of Loc Performance Transaction Rationale Financial evaluation Timeline  Rheinmetall acquires 100%  Reinforcement of our  ~8x EV/EBITDA (FY26  Signing on August 13 2024 of privately owned Loc commitment standalone) Cash and debt  Closing o

  21. Slide 21: Heavy Weapon carrier – export from down under

    INVESTOR PRESENTATION Markets & Drivers: Australia Heavy Weapon carrier – export from down under leverages MILVEHCOE  Digitization and Domain Sea offer a huge potential, especially Land 125 soldier systems  Heavy weapon carrier is one of the largest Sales Australian defence export contracts  Grow

  22. Slide 22: Expal acquisition opens new potentials in Spain

    INVESTOR PRESENTATION Markets & Drivers: Spain Expal acquisition opens new potentials in Spain and beyond  Expal acquisition opens new possibilities to do business in Spain  Intensification of our traditional ammo business  Rheinmetall Expal Munitions (REM) is part of the consortia to supply long

  23. Slide 23: MoU with Leonardo opens long-term growth possibilities

    INVESTOR PRESENTATION Markets & Drivers: Italy MoU with Leonardo opens long-term growth possibilities 50-50 JV set-up by end of September Workshare 50% Leonardo + 10% Rheinmetall Italia + 40% Rheinmetall RoW > €20bn potential for vehicles and services ammunition export Panther Lynx 23 © Rheinmetall

  24. Slide 24: Rheinmetall's global production capacities

    INVESTOR PRESENTATION Markets & Drivers: Rheinmetall’s global production capacities Germany • Kassel: Vehicles • Unterlüss: Vehicles, Ammunition UK Vehicles • Kiel: Vehicles, Electronics Canada Electronics, Vehicles • Bremen: Soldier Systems, Electronics, Air Defence • Munich: Vehicles Spain Ammunit

  25. Slide 25: Platform sales are just the tip of the iceberg

    INVESTOR PRESENTATION Markets & Drivers: Platform sales are just the tip of the iceberg – success creates opportunities Security Civil CAGR ~+13% Rheinmetall creates In €m +61% ~1,600 additional business 1,161 1,324 opportunities over the 1,005 ~600 820 473 491 entire life cycle of up 415 345 688 83

  26. Slide 26: Significant volume expansion ongoing

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Significant volume expansion ongoing Rheinmetall invests in capacities… … and technologies  Development of long range capabilities  improved barrel performance  Long range ammunition  Loitering ammunition in cooperation with UVision  Rocket a

  27. Slide 27: Artillery as major growth driver for Weapon and Ammunition

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Artillery as major growth driver for Weapon and Ammunition Production capacity for 155mm full shots ~€4bn Q4 2026 >1.000.000 Q4 2024 600.000 - 700.000 €1.5bn Q3 2023 350.000 Sales Q1 2022 100.000 Weapon and Ammunition 0 2019 2020 2021 2022 2023 20

  28. Slide 28: Primed to participate in any major MBT program

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Rheinmetall primed to participate in any major MBT program OPPORTUNITY – Growing MBT market creates potential MGCS Panther CAPTURE – Win key opportunities, Grow business INDUSTRIALISE – Increase capacity, Global supply chain EDF Leopard EXECUTE –

  29. Slide 29: Panther KF51 under development contract with Hungary

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Panther KF51 under development contract with Hungary Firepower Protection Unrivalled lethality with the 130mm Future The first MBT adopting an integrated Gun system (FGS) and optimised sensor-to- survivability concept of on and off platform shoote

  30. Slide 30: Cooperation with Lockheed Martin enters next phase

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Successful cooperation with Lockheed Martin enters next phase & Expansion of existing collaboration to new technological areas Estimated market potential over the next ten years ~€5bn ~€7bn ~€0.5bn ~€0.5-1bn ~€4bn ~€1bn Laser Simulation & Aeronaut

  31. Slide 31: Strategic partnership for F-35

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Breakthrough in domain air: strategic partnership for F-35  Rheinmetall is a partner in the world’s biggest defence project  Rheinmetall will be the only German company with in-depth technological knowledge of the 5th generation of fighter jets

  32. Slide 32: F-35 Center Fuselage as nucleus to grow domain air

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets F-35 Center Fuselage as nucleus to grow our domain air The CF is the entry gate for additional F-35 parts Other Avionic Parts Qualified to become 25mm ammunition supplier for F-35 Ammo RHM in the pole to take over sustainment services Sustainment

  33. Slide 33: Leading provider of Ground Based Air Defence

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Rheinmetall is a leading provider of Ground Based Air Defence European Sky Shield Initiative (ESSI)  Plattform agnostic  Order potential 2023-2026 of up to 5bn Euros RHM ESSI Customers ESSI Participants Potential other European customers for Sky

  34. Slide 34: Integrated V-SHORAD approach against a wide range of threats

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Integrated V-SHORAD approach against a wide range of threats Sensors  Skymaster – Battle Management Systems  Tactical Acquisition Radars  Multi-Sensor Unit Effectors  Revolver Gun Mk3  Twin Gun  High Energy Laser  SkyKnight Missile Launcher

  35. Slide 35: Re-scoped Boxer business opens new possibilities

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Re-scoped Boxer business opens new possibilities  Growing demand for wheeled tactical vehicles Total order potential of up to  Boxer well positioned to participate in this growth ~€15bn over the next 10 years  Boxer orders will be handled by AR

  36. Slide 36: Logistics matter and the HX user group continues to grow

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Logistics matter and the HX user group continues to grow  War in Ukraine has underpinned the importance of logistics  Germany is financing the next truck lot via the special fund  Austria and UK are the most recent members of the HX user group

  37. Slide 37: Our path to a digital future

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Our path to a digital future Top Projects Gladius and D-LBO Digitalization of HDF Land 125 37 © Rheinmetall AG I August 2024

  38. Slide 38: Major partner for digitization of the German army

    INVESTOR PRESENTATION Markets & Drivers: Big Tickets Rheinmetall is a major partner for the digitization of the German army Gladius Soldier System D-LBO TAWAN System Panzergrenadier Personnel Equipment Networking PUMA to Digitalization of the Tactical Wide Area Soldier German Forces Network Already

  39. Slide 39: Civil business serves four key markets

    INVESTOR PRESENTATION Markets & Drivers: Power Systems Rheinmetall’s civil business serves four key markets ICE Applications BEV Applications Urban Products Aftermarket 39 © Rheinmetall AG I August 2024

  40. Slide 40: Internal Combustion Engine | ICE

    INVESTOR PRESENTATION Markets & Drivers: Power Systems Internal Combustion Engine | ICE Air Management Hydrogen Thermal Management Bearings Electrification & Castings Digitalisation 40 © Rheinmetall AG I August 2024

  41. Slide 41: Solutions for ICE vehicles

    INVESTOR PRESENTATION Bypass Valve Solutions for ICE vehicles Exhaust Control Valve EVAP EGR Module Throttle Control EGR Valve Sec. Air Pump Acoustic Control Valve Cylinder Blocks Electrical Oil Pump Bearings Electrical Coolant Pump Access Control & DMS Electrical Coolant Valve Body Frame Parts 41 ©

  42. Slide 42: Battery Electric Vehicle | BEV

    INVESTOR PRESENTATION Markets & Drivers: Power Systems Battery Electric Vehicle | BEV Thermal Management Power Electronics High Voltage Applications Castings Biometrics 42 © Rheinmetall AG I August 2024

  43. Slide 43: Solutions for Battery Electric Vehicles

    INVESTOR PRESENTATION Solutions for Battery Electric Vehicles High Voltage Contactors Electrical Oil Pump Electrical Coolant Pump HV Pyrofuse EV Housing Power Core Body Frame Parts ITM Access Control & DMS Electrical Climate Compressor 43 © Rheinmetall AG I August 2024

  44. Slide 44: Urban Products

    INVESTOR PRESENTATION Markets & Drivers: Power Systems Urban Products Charging Infrastructure Heat Pumps and Components Biometrics New Energy 44 © Rheinmetall AG I August 2024

  45. Slide 45: Hydrogen and urban product solutions

    INVESTOR PRESENTATION Hydrogen Recirculation Blower Cathode Flaps Wind Turbine Bearings Access Control Fuel Cell Tanks Electrical Climate Compressor Electrical Coolant Pump Heat Pump Curbstone Charger Expansion Valve Electronics 45 © Rheinmetall AG I August 2024

  46. Slide 46: Great opportunities ahead and challenges under control

    INVESTOR PRESENTATION Markets & Drivers Great opportunities ahead and challenged under control Opportunities Challenges Re-stocking, re-equipping, re-building Supply chains de-risked Expanding our global footprint Record number of applications Benefitting from operating leverage Accelerating busines

  47. Slide 47: Content

    INVESTOR PRESENTATION Content 1 Rheinmetall at a glance 2 Market & Drivers 7 3 Four segments under one roof 47 4 Financials 56 5 Outlook 63 6 Appendix 70 47 © Rheinmetall AG I August 2024

  48. Slide 48: Segment Overview: Vehicle Systems

    INVESTOR PRESENTATION Four segments under one roof Segment Overview: Vehicle Systems Sales and operative margin Sales in €bn Operative margin in % CAGR ~25% <5.0 +14.9% 2.3 2.6 ~13% 11.5% 12.4% 2022 2023 2026e Top Projects Market profile  Panther KF51 Hungary Key Competitors Differentiators Value p

  49. Slide 49: Selected Product Overview: Vehicle Systems

    INVESTOR PRESENTATION Four segments under one roof Selected Product Overview: Vehicle Systems Tactical Vehicles Logistical Vehicles Panther KF51 Leopard 2* Challenger 3 HX3 with Load Handling System Lynx Boxer* XM30 HX 8x8 Excavator Wheeled Howitzer Fuchs Panzerhaubitze 2000* HX81 with Load Handling

  50. Slide 50: Segment Overview: Weapon and Ammunition

    INVESTOR PRESENTATION Four segments under one roof Segment Overview: Weapon and Ammunition Sales and operative margin Sales in €bn Operative margin in % CAGR ~30% >4.0 +29.2% 1.8 ~26% 1.4 21.9% 23.0% 2022 2023 2026e Top Projects Market profile Key Competitors Differentiators Value proposition  Larg

  51. Slide 51: Selected Product Overview: Weapon and Ammunition

    INVESTOR PRESENTATION Four segments under one roof Selected Product Overview: Weapon and Ammunition Med & Large Caliber Ammo Med & Large Caliber Weapons Protection Systems Passive Active 155mm 40mm 35mm 20-30mm Explosives & Propulsions Loitering Munition RDX 120mm Mortar 51 © Rheinmetall AG I August

  52. Slide 52: Segment Overview: Electronic Solutions

    INVESTOR PRESENTATION Four segments under one roof Segment Overview: Electronic Solutions Sales and operative margin Sales in €bn Operative margin in % CAGR ~30% <3.0 +13.2% 1.2 1.3 ~14% 10.4% 11.4% 2022 2023 2026e Top Projects Market profile Key Competitors Differentiators Value proposition  Europ

  53. Slide 53: Selected Product Overview: Electronic Solutions

    INVESTOR PRESENTATION Four segments under one roof Selected Product Overview: Electronic Solutions Digitalization Air Defence Mission Systems Next Generation Stabilized Sighting Soldier Systems System Mobile SEOSS Gladius X Air Defence Skyranger Driver Vision IT system integration Trailblazer D-LBO

  54. Slide 54: Segment Overview: Power Systems

    INVESTOR PRESENTATION Four segments under one roof Segment Overview: Power Systems Sales and operative margin Sales in €bn Operative margin in % CAGR ~10% +1.2% <3.0 2.1 2.1 9% 7.9% 6.4% 2022 2023 2026e Rational for new segment Market profile Key Competitors Differentiators Value proposition  One f

  55. Slide 55: Selected Product Overview: Power Systems

    INVESTOR PRESENTATION Four segments under one roof Selected Product Overview: Power Systems ICE Applications BEV Applications Urban Products Bearings Electrical Coolant Power Core Pump Castings High Voltage Contactors Electrical Climate Compressor Exhaust Control Valve EV Housing Aftermarket Curbsto

  56. Slide 56: Content

    INVESTOR PRESENTATION Content 1 Rheinmetall at a glance 2 Market & Drivers 7 3 Four segments under one roof 47 4 Financials 56 5 Outlook 63 6 Appendix 70 56 © Rheinmetall AG I August 2024

  57. Slide 57: Diversified capital allocation continues

    INVESTOR PRESENTATION Financials Diversified capital allocation continues Capex M&A Debt Dividend Buyback Leverage  Supporting growth  Fire power  Setting leverage  Payout ratio of 35-  Authorized capital with peak in 2024 remains high with targets and 40% of net income at AGM 2024 and then gra

  58. Slide 58: Successful placement of €1 billion convertible bonds

    INVESTOR PRESENTATION Financials Successful placement of € 1 billion convertible bonds Transaction Terms Highlights Execution Date 31-Jan-23 | Effective Date 07-Feb-23  Dual-tranche structure to Total Deal Size €1.0bn (split in 2 equally sized series) spread out maturities Underlying Shares 3.2m Sh

  59. Slide 59: We feel comfortable with our current leverage ratio

    INVESTOR PRESENTATION Financials We feel comfortable with our current leverage ratio Equity ratio: Net debt / Ebitda: Investment Grade rating: > 30% <3 Baa2 stable outlook (29.2%) (1.02) (Moody’s) Maturity profile 1) 2024 2025 2026 2027 2028 2029ff  We feel comfortable with 30% + equity ratio 12 73

  60. Slide 60: Successfully structuring growth

    INVESTOR PRESENTATION Financials Successfully structuring growth Sales consolidation (in €m / in % of sales) ~9% ~6% ~8% ~7% Increased consolidation driven by (666) ~(900) growing structures 2023 2024e 2025e 2026 target  Growth momentum reflected in higher sales consolidation Operating result conso

  61. Slide 61: Capex peak in 2024 to support growth trajectory

    INVESTOR PRESENTATION Financials Capex peak in 2024 to support our strong growth trajectory Vehicle Weapon and Electronic Power Systems Non-Divisional Top 2024 projects Systems Ammunition Solutions  Hungary  Niedersachsen  F-35  Logistic centre  IT  Panther  Expal  Panther  Invent  Vienna

  62. Slide 62: Almost 70% of oFCF paid out to shareholders over the last decade

    INVESTOR PRESENTATION Financials Almost 70% of our oFCF paid out to shareholders over the last decade  Increase of payout ratio to at least 35-40% of net income (before PPA)  Continued shareholder value creation  Dividend expected to grow over the next years  5.70€ dividend per share for 2023 ap

  63. Slide 63: Content

    INVESTOR PRESENTATION Content 1 Rheinmetall at a glance 2 Market & Drivers 7 3 Four segments under one roof 47 4 Financials 56 5 Outlook 63 6 Appendix 70 63 © Rheinmetall AG I August 2024

  64. Slide 64: Guidance 2024: growth acceleration expected

    INVESTOR PRESENTATION Outlook Guidance 2024: growth acceleration expected 2026e 2024e 2023 Sales €13-14bn ~€10bn €7.2bn Operating Margin >15% 14-15% 12.8% OFCF to operating result* (“Cash conversion rate”) >50% ~40% ~39% 64 © Rheinmetall AG I August 2024 * Based on new operating result definition pr

  65. Slide 65: Mid-term guidance drill-down

    INVESTOR PRESENTATION Outlook Mid-term guidance drill-down Operating result by Segment (in €, in %) Operating Margin Target 2026 > 15% 26% 10 % 14% 13% minimum 9% profitability hurdle W+A ES VS PS Sales >4bn <3bn <5bn <3bn Legend: Width of rectangles represents expected sales in 2026. The size of th

  66. Slide 66: Internationalization of the defence business continues

    INVESTOR PRESENTATION Outlook Internationalization of the defence business continues 25% 23% 31% RoW 36% RoW Germany Germany ~5.7 ~11 USA €bn* USA €bn* Spain Ukraine Spain Australia UK Hungary Ukraine UK Australia Hungary 46% 39% Weapon and Ammunition 2023 Vehicle Systems Electronic Solutions 2026e

  67. Slide 67: Backlog coverage in 2024 provides high confidence

    INVESTOR PRESENTATION Outlook Backlog coverage in 2024 provides high confidence RHM backlog by segments RHM backlog coverage in €m in €m 38.290 10.702 11.581 8.936 3.326 8.142 26.572 1.399 1.308 4.882 4.287 1.480 1.272 5.700 3.539 1.180 4.810 4.198 16.368 510 1.169 11.954 470 6.057 5.562 4.010 3.171

  68. Slide 68: Group - forecast business performance in 2024

    INVESTOR PRESENTATION Outlook Group - forecast business performance in 2024 2024 2023 Sales Group € million sales growth to around €10 bn 7,176 Vehicle Systems € million sales growth 45% to 50% 2,609 Weapon and Amunition € million sales growth 55% to 65% 1,756 Electronic Solutions € million sales gr

  69. Slide 69: Next events and IR contacts

    INVESTOR PRESENTATION Next events and IR contacts Financial calendar Documents IR Contacts and next events Dirk Winkels, Head of Investor Relations Tel: +49 162 2688921 Email: dirk.winkels@rheinmetall.com Anika Marker, Investor Relations Manager Tel: +49 171 4174060 Email: anika.marker@rheinmetall.c

  70. Slide 70: Content

    INVESTOR PRESENTATION Content 1 Rheinmetall at a glance 2 Market & Drivers 7 3 Four segments under one roof 47 4 Financials 56 5 Outlook 63 6 Appendix 70 70 © Rheinmetall AG I August 2024

  71. Slide 71: Key Figures

    INVESTOR PRESENTATION Key Figures 2023 2022 2021 2020¹ 2019 SALES/EARNINGS Sales € million 7,176 6,410 5,658 5,405 6,255 Of which generated abroad % 76.0 70.5 65.9 64.4 68.9 Operating result 3, 6 € million 918 769 594 446 505 Operating margin 6 % 12.8 12.0 10.5 8.3 8.1 EBIT pre PPA € million 968 747

  72. Slide 72: Balance Sheet

    INVESTOR PRESENTATION Balance Sheet € million 12/31/2023 12/31/2022 € million 12/31/2023 12/31/2022 Assets Equity and liabilities Goodwill 1,125 483 Share capital 112 112 Other intangible assets 952 338 Capital reserves 676 566 1 Right-of-use assets 271 209 Retained earnings 2,533 2,147 Property, pl

  73. Slide 73: Income Statement

    INVESTOR PRESENTATION Income Statement Income statement of the Rheinmetall Group for fiscal 2023 € million 2023 2022 Sales 7,176 6,410 Changes in inventories and work performed by the enterprise and capitalized 696 153 Total operating performance 7,872 6,563 Other operating income 153 221 Cost of ma

  74. Slide 74: Cashflow statement

    INVESTOR PRESENTATION Cashflow statement Statement of cash flows of Rheinmetall Group for fiscal 2023 € million 2023 2022 Dividends paid out by Rheinmetall AG (187) (143) Earnings after taxes1 586 540 (3) (6) Other profit distributions Amortization/depreciation/impairment of property, plant and equi

  75. Slide 75: Derivation of diluted earnings per share

    INVESTOR PRESENTATION Derivation of diluted earnings per share 75 © Rheinmetall AG I August 2024

  76. Slide 76: Disclaimer

    INVESTOR PRESENTATION Disclaimer This presentation contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995 with respect to Rheinmetall’s financial condition, results of operations and businesses and certain of Rheinmetall’s plans and object

  77. Slide 77: Taking responsibility in a changing world

    Pf ereinmerau TAKING RESPONSIBILITY IN A CHANGING WORLD

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