Wacker Neuson Se · XETR:WAC
Wacker Neuson — FY2022 Earnings Presentation
16 slides from Wacker Neuson's earnings presentation, Mar 28, 2023
Slide 1: Wacker Neuson Group – Full Year 2022 Conference Call
Wacker Neuson Group – Full Year 2022 Conference Call Dr. Karl Tragl (CEO), Christoph Burkhard (CFO) March 28, 2023
Slide 2: Nobody is perfect, but a team can be!
Nobody is perfect, but a team can be! Wacker Neuson SE, FY 2022 Management Call & Webcast, March 28, 2023 2
Slide 3: Overview Q4/22 // Fiscal year 2022
Overview Q4/22 // Fiscal year 2022 Q4/22 2022 Revenue EBIT margin FCF Revenue EBIT margin FCF (pre fixed term deposits)1 (pre fixed term deposits)1 € 611 m 9.4% € 20 m € 2,252 m 9.0% € -131 m (+28.3% vs. 2021) (2021: 10.1%) (2021: € 79 m) (+20.7% vs 2021) (2021: 10.3%) (2021: € 264 m) ü ü ü û Sales
Slide 4: Double-digit revenue growth again in all regions
Double-digit revenue growth again in all regions [€ m] +16% 1.477,5 1.709,9 76% of Group revenue1 1.289,7 20% 2020 2021 2022 4% of Group revenues1 of Group revenues1 EUROPE [€ m] +40% 459,1 +39% [€ m] 328,6 270,4 83,4 55,4 60,1 2020 2021 2022 2020 2021 2022 AMERICAS APAC 1 FY 2021: Americas 18%; Eur
Slide 5: Net financial position burdened by inventories
Net financial position burdened by inventories -131 -234,5 €m €m Net financial position 2 Free cash flow1 0.6 Net financial debt / EBITDA3 1 Before taking into account cash inflows from financial investments of EUR 130 m. 2 Net financial position = - Net financial debt = -(Non-current financial liab
Slide 6: Supply chains remain a major challenge
Supply chains remain a major challenge Container rates Interruptions in the Late deliveries down significantly supply chain $16.000 remain! $12.000 Nevertheless, positive trend is emerging. $8.000 Development of sea freight rates Effect of China Re-Opening $4.000 (Shanghai - Rotterdam) in $ for a in
Slide 7: Outlook – Guidance for 2023
Outlook According to CEMA2 Ukraine war Order backlog presumably maximum. The companies surveyed at remains a key issue for are increasingly able to fill their orders. economic environment, supply Production duration at all-time high. chains and energy prices Order backlog remains at record level Gui
Slide 8: Financial calendar and contact
Financial calendar and contact March 28, 2023 Annual Report 2022 May 9, 2023 Q1 Report 2023 May 26, 2023 Annual General Meeting 2023 (Munich, Germany) August 8, 2023 H1 Report 2023 November 9, 2023 9M Report 2023 Disclaimer Contact This presentation contains forward-looking statements which are base
Slide 9: Appendix
Appendix 9
Slide 10: Wacker Neuson Group on profitable growth path
Wacker Neuson Group on profitable growth path Increasing revenue growth over course of year Comments on Q4/22 Revenue +28.3% EBIT Revenue +28.3% yoy (adj. for currency effects: +26.6%) [€ m] margin § Continued growth in construction and agriculture market segment 700 611 20% 551 569 § Price increase
Slide 11: Wacker Neuson Group on profitable growth path
Wacker Neuson Group on profitable growth path Revenue above pre-crisis level, increased profit, but lower margin Comments on FY 22 Revenue -2.8% CAGR +15.5% +20.7% EBIT Revenue +20.7% yoy (adj. for currency effects: +17.8%) [€ m] margin § Group revenue well above pre-crisis level (+18.5% vs. FY 2019
Slide 12: All regions and business segments contribute to growth and profit
All regions and business segments contribute to growth and profit Again double-digit growth across all sales regions Comments on FY 2022 Revenue [€ m] Revenue Europe +15.7% yoy (adj. for currency effects: +15.6%) share yoy EBIT1 § Solid growth of European core markets despite economic headwinds and
Slide 13: Net working capital slightly above target range of ≤ 30%
Net working capital slightly above target range of ≤ 30% Inventories Trade receivables Inventory DIO1 Trade receivables DSO2 [€ m] [days] [€ m] [days] 673 679 700 400 500 200 609 600 544 490 400 343 500 437,7 440 300 322 150 412 427 289 294 301 281 281 400 300 238 200 222 100 143 300 114 127 117 123
Slide 14: Increase in working capital temporarily burdens cash flow
Increase in working capital temporarily burdens cash flow Net Working Capital Cash flow from operating activities Net Working Capital Net Working Capital Cash flow from operating activities [€ m] [as % of revenue]2 [€ m] 188 1000 100% 200 761 150 132 800 719 80% 110 674 595 100 66 600 543 529 547 60
Slide 15: Net financial position burdened by increase in working capital
Net financial position burdened by increase in working capital Net financial debt and gearing1 Net financial debt/EBITDA3 Net financial debt1 Net financial debt/ Gearing2 [€ m] EBITDA3 [x] 100% 2,5 400 80% 2,0 300 254 235 211 60% 1,5 200 144 123 40% 79 76 16% 19% 17% 1,0 0,8 0,8 100 10% 11% 48 -1 0,
Slide 16: Share price development and dividend
Share price development and dividend The share in 20221,2 Dividend payout % -35% 300% 3,00 300% 48% 53% 0% 48% 150% 41% 45% 2,50 0% 2,06 2,10 -150% 1,99 2,00 -300% -450% 1,50 1,25 1,26 -600% 1,10 1,00 -750% 1,00 0,90 -900% 0.50 Proposal to 0,60 0,60 AGM-1050% 2022 0,50 -1200% 0.60 0,20 0,00 -1350% 0