Iveco Group Nv · MIL:IVG
Iveco Group Nv — FY2021 Earnings Presentation
24 slides from Iveco Group Nv's earnings presentation, Feb 8, 2022
Slide 1: Iveco Group N.V. - FY 2021 Combined Financial Results
Iveco Group N.V. - FY 2021 Combined Financial Results Turin, Italy, 8th February 2022
Slide 2: Safe Harbor Statement and Disclosures
Safe Harbor Statement and Disclosures All statements other than statements of historical fact contained in the slides presented today, including competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (o
Slide 3: FY 2021 – CEO Executive Summary
FY 2021 – CEO Executive Summary Unaudited combined financial results presented under IFRS Industrial Activities Net Revenues & Adj EBIT Net Industrial Cash • Industrial Activities Net Revenues were at €12.5bn, up 21% vs. last year • At €1.1bn down €0.1bn vs. 31st December 2020. Free Cash Flow was wi
Slide 4: FY 2021 - Industry Volume
FY 2021 - Industry Volume Industry statistics in units (% change vs. FY 2020) Europe (*) South America (*) Rest of World (*) Worldwide LCV 8% 28% 8% 9% (3.5-7.49T) M&H 19% 42% 26% 26% (>7.5T) Buses (1%) 4% (1%) 1% NOTE: Total Industry Volume % change FY 2021 vs. FY 2020 reflecting aggregate for key
Slide 5: FY 2021 – WW Channel Inventory statistics and Order Intake
FY 2021 – WW Channel Inventory statistics and Order Intake Iveco Group and Dealer units statistics LCV – Channel Inventory M&H – Channel Inventory Units Units Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 COMPANY INVENTORY THIRD PARTY DEALER INVENTORY RETAIL PRODUCT
Slide 6: FY 2021 – EU Preliminary Market share
FY 2021 – EU Preliminary Market share Registration units (excl. UK & Ireland) LCV – Market Share M&H – Market Share % % 60.9% 53.0% 8.8% 27.5% 7.9% 14.1% Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 IVECO LCV (3.5-7.49T) IVECO LCV (6.01-7.49T) IVECO M&H (≥7.5T) IVE
Slide 7: FY 2021 Financials
| | a IVECO*sGROUP EER veuuez EEQ | IVECO FY 2021 Financials
Slide 8: FY 2021 – Financial Summary
FY 2021 – Financial Summary Unaudited combined financial results FY 2021(2) FY 2020(1) IFRS (3) Net Revenues (€mn) 12,651 10,411 Financial Services 195 165 Net Revenues | Industrial Activities (€mn) 12,520 10,314 Commercial & Specialty Vehicles 10,318 8,247 Powertrain 3,750 3,180 Profit/(loss) (€mn)
Slide 9: FY 2021 – Industrial Activities Net Revenues split by region and segment
FY 2021 – Industrial Activities Net Revenues split by region and segment Unaudited combined financial results €12.5bn 15% 27% 2% 9% By By Region Business 56% 6% Unit 74% % Chg. YoY 11% % Chg. YoY Europe 20% Trucks 34% South America 90% (3)% Buses North America 43% 15% Specialty Vehicles Rest of Worl
Slide 10: FY 2021 – Industrial Activities Adj. EBIT walk by segment & driver
FY 2021 – Industrial Activities Adj. EBIT walk by segment & driver Unaudited combined financial results IFRS (€mn) 2.4% […] (0.9)% (89) 518 207 (241) (97) (44) 73 (25) 302 Adj. EBIT UNALLOCATED, Adj. EBIT VOL & MIX PRICING NET PROD COST SG&A R&D FX | OTHER FY20 ELIM & OTHER FY21 Segments View C&SV (
Slide 11: 31st December 2021 – Total (Debt) to Net Cash (Debt)
31st December 2021 – Total (Debt) to Net Cash (Debt) Unaudited combined financial results IFRS (€mn) Consolidated Industrial Activities Financial Services 31st December 31st December 31st December 31st December 31st December 31st December 2021 2020 2021 2020 2021 2020 Third party (debt) (2,709) (2,7
Slide 12: FY 2021 – Net Industrial Cash / (Debt) walk and Debt Maturity Profile
FY 2021 – Net Industrial Cash / (Debt) walk and Debt Maturity Profile Unaudited combined financial results IFRS (€mn) Net Industrial Cash / (Debt) walk 1,165 1,094 (155) (303) (159) (563) (39) - 23 1,063 CASH INTEREST CHANGE IN WORKING CHANGE IN PROVISIONS & DIVIDENDS & EQUITY Dec 31, 2020 IA | ADJ
Slide 13: CEO Final Remarks
| | a IVECO*sGROUP EER veuuez EEQ | IVECO CEO Final Remarks
Slide 14: Q4 2021 – Main facts
Q4 2021 – Main facts Corporate and Segments’ main activities IVECO and Plus announce autonomous trucking pilot in Europe and China IVECO to supply 1,064 gas-powered S-WAY trucks to Amazon to support European operations FPT Industrial powered the sustainable 2022 “Tractor of the year” won by New Holl
Slide 15: FY 2022E – Preliminary Industry Outlook
FY 2022E – Preliminary Industry Outlook Units (% change vs. FY 2021) Europe South America Rest of World Worldwide LCV Flat – 5% (5)% - Flat Flat Flat – 5% M&H Flat – 5% Flat – 5% Flat – 5% Flat – 5% Buses Flat – 5% ~ 25% 5% - 10% ~ 10% Preliminary Industry outlook based on current visibility. Signif
Slide 16: Appendix
Ya IVECO*eGROUP IEEE weuuez IVEEQ | IVECO Appendix
Slide 17: Reconciliation of EBIT to Adjusted EBIT by segment
Reconciliation of EBIT to Adjusted EBIT by segment Unaudited combined financial results IFRS (€mn) FY21 Commercial and Unallocated items, Total Specialty Vehicles Powertrain eliminations and other Industrial Activities Financial Services Eliminations Total EBIT 239 206 (224) 221 74 - 295 Adjustments
Slide 18: Reconciliation of Adj. net profit / (loss) and Adj. income tax
FY 2021 Unaudited combined financial results Reconciliation of Adj. net profit / (loss) and Adj. income tax (expense) benefit to Consolidated Profit/(loss) and Income tax (expense) benefit and calculation Adj. ETR under IFRS IFRS (€mn) FY 2021 FY 2020 Profit/(loss) 76 (372) Adjustments impacting Pro
Slide 19: Reconciliation of Adj. net profit / (loss) and Adj. income tax (adjustments detail)
FY 2021 Unaudited combined financial results Reconciliation of Adj. net profit / (loss) and Adj. income tax (expense) benefit to Consolidated Profit/(loss) and Income tax (expense) benefit and calculation Adj. ETR under IFRS IFRS (€mn) FY 2021 FY 2020 (a) Adjustments impacting Profit/(loss) before i
Slide 20: Reconciliation of Net cash from Operating Activities to Free Cash Flow
FY 2021 Unaudited combined financial results Reconciliation of Net cash provided by (used in) Operating Activities to Free Cash Flow of Industrial Activities under IFRS IFRS (€mn) FY 2021 FY 2020 Net cash provided by (used in) Operating Activities 539 559 Less: Cash flows from Operating Activities o
Slide 21: Reconciliation of Cash and cash equivalents to Available Liquidity under IFRS
FY 2021 Unaudited combined financial results Reconciliation of Cash and cash equivalents to Available Liquidity under IFRS IFRS (€mn) 31st December 2021 31st December 2020 Cash and cash equivalents 897 463 Undrawn committed facilities 41 48 Other current financial assets(1) 54 128 Net financial rece
Slide 22: Non-IFRS Financial Measures
Non-IFRS Financial Measures Unaudited combined financial results Iveco Group monitors its operations through the use of several non-IFRS financial measures. Iveco Group’s management believes that these non-IFRS financial measures provide useful and relevant information regarding its operating result
Slide 23: Geographic Information
Geographic Information Financials - The composition of our regions part of the geographic information is as follow: • Europe: member countries of the European Union, European Free Trade Association, the United Kingdom, Ukraine and Balkans; • South America: Central and South America, and the Caribbea
Slide 24: Investor Relations Team
Investor Relations Team Federico Donati – Head of Investor Relations Luis Cordova – Investor Relations Enza Marsala – Investor Relations Assistant e-mail: investor.relations@ivecogroup.com website: www.ivecogroup.com