Slide 1: Glaston H1 2022: Solid progress in the second quarter
Glaston H1 2022: Solid progress in the second quarter despite challenging environment 4 August 2022 Anders Dahlblom, CEO Päivi Lindqvist, CFO
Slide 2: Content
Content • Q2/2022 highlights • Financial development • Outlook 2022 • Revised strategy 2021-2025
Slide 3: Q2/2022 Highlights
Q2/2022 f y : HIGHLIGHTS wy ‘
Slide 4: Q2 2022 highlights
Q2 2022 highlights • Order intake was EUR 56.2 (64.5) million • Net sales were EUR 53.5 (43.3) million, up 24% o A strong quarter for Services business, with over 20% net sales growth • Comparable EBITA margin improved o Q2: EUR 3.5 (2.4) million, i.e. 6.6 (5.5)% of net sales • Order backlog at EUR
Slide 5: Architectural market Q2
Architectural market Q2 EMEA Americas Asia • Based on solid demand in the residential • In North America, excellent demand for • In China, the coronavirus-related and commercial glass markets, EMEA, Heat Treatment equipment continued restrictions and lockdowns continued to with Europe at the core, r
Slide 6: Automotive market in Q2
Automotive market in Q2 • Automotive production continued to face difficulties due to supply shortages • A shift in investment behavior was perceptible: machine investments were made even more carefully than before while service activity, in general, increased • Automotive upgrade products continued
Slide 7: Glaston's segments Q2 2022 in brief
Glaston’s segments Q2 2022 in brief Heat Treatment Insulating Glass Automotive & Display • Good development in the architectural • The markets remained good despite • China and North America continued to business was the strongest driver for increasing market uncertainty be the most active markets.
Slide 8: Automotive pre-processing production in China
Automotive pre-processing production in China • As a strategic initiative, Glaston plans to establish automotive glass pre-processing production in Tianjin, China. The aim is to serve customers in the globally largest automotive market with local standard automotive machine production • The expansio
Slide 9: Sustainability – a focus area
Sustainability – a focus area • Sustainability is one of the focus areas in the revised strategy • The first Group-wide safety week was held in May. The Lost-Time-Injury-Frequency Rate was 5.3 for the review period (3.3 in full-year 2021) • A series of measures have been implemented to reduce the co
Slide 10: Financial development
FINANCIAL DEVELOPMENT
Slide 11: Healthy order intake against strong comparison
Healthy order intake against strong comparison Display Technologies 11 Half-year financial report 2022 4 August 2022
Slide 12: 24% net sales growth with some impact from component shortage and China lockdowns
24% net sales growth with some impact from component shortage and China lockdowns Display Technologies 12 Half-year financial report 2022 4 August 2022
Slide 13: All regions growing strongly
All regions growing strongly H1 2022 net sales by region M€, yoy% and share of total EMEA 55.8 MEUR 53% +25% 27% Americas 28.6 MEUR 20% +25% APAC 21.5 MEUR +34% 13 Half-year financial report 2022 4 August 2022
Slide 14: Consistent profitability and clear year-on-year progress
Consistent profitability and clear year-on-year progress 14 Half-year financial report 2022 4 August 2022
Slide 15: Heat Treatment
Heat Treatment
Slide 16: Heat Treatment – Strong net sales and profitability
Heat Treatment – Strong net sales and profitability • Good level of orders but slightly below the MEUR H1 Vs H1 Q2 Vs Q2 comparison period 2022 2021* 2022 2021* • Net sales continued at high level despite supply Order intake 45.9 -2.7% 23.5 -3.8% chain challenges, strong project execution towards th
Slide 17: Insulating Glass
Insulating Glass
Slide 18: Insulating Glass – Component challenges and China lockdowns having an impact
Insulating Glass – Component challenges and China lockdowns having an impact • Good order intake at EUR 26.7 million. MEUR H1 Vs H1 Q2 Vs Q2 Comparison period was record-high due to one 2022 2021* 2022 2021* big order Order intake 52.3 3.6% 26.7 -13.7% • Net sales up 16%, component shortages having
Slide 19: Automotive & Display
Automotive & Display
Slide 20: Automotive & Display – Weak order intake, business ramping up production
Automotive & Display – Weak order intake, business ramping up production • Modest order intake as several orders from MEUR H1 Vs H1 Q2 Vs Q2 China were postponed due to the lock-downs 2022 2021* 2022 2021* • Net sales recovered strongly supported by the Order intake 16.7 21.8% 5.9 -33.7% order intak
Slide 21: Positive operating cash flow, MEUR 7 of debt repayment in Q2
Positive operating cash flow, MEUR 7 of debt repayment in Q2 21 Half-year financial report 2022 4 August 2022
Slide 22: Outlook
OUTLOOK 2022
Slide 23: Glaston specifies outlook for 2022
Glaston specifies outlook for 2022 • During the first half of 2022, the overall demand in most of Glaston’s markets remained strong, indicating good development for machines and services businesses. In 2022, Glaston’s net sales and profitability development are supported by the solid order backlog a
Slide 24: Questions
QUESTIONS
Slide 25: Financial reports in 2022
Financial reports in 2022 Interim report January-September 2022 27 October 2022
Slide 26: Forward-looking statements
This interim report provides future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation, or achievements of Glaston may substantially deviate from the estimates. Forward-looking statements relating to future prospects are subject to ris
Slide 27: Thank you!
> www.glaston.net Thank you! IR-contact: pia.posio@glaston.net 27 Half-year financial report 2022 4 August 2022