Slide 1: Results Half-Year 2023
Results Half-Year 2023 July 21, 2023 Alex Waser, CEO Beat Neukom, CFO
Slide 2: Disclaimer
Disclaimer The information in this presentation relating to the business performance of the Bystronic Group is of a summary nature only. The information published in the Half-Year Report 2023 and the Annual Report 2022 of Bystronic AG, and the information on the website www.bystronic.com prevails. A
Slide 3: Agenda
Results Half-Year 2023 Agenda Business update Alex Waser Financial review Beat Neukom Outlook Alex Waser Q&A Alex Waser Beat Neukom
Slide 4: Key figures H1 2023
Key figures H1 2023 CHF 468.3 m CHF 25.3 m CHF 420.9 m Net sales EBIT Order intake Net sales growth of 3.3%, EBIT margin of 5.4% Order intake declined by 21.5%, 9.7% at constant exchange rates vs. 2.3% in H1 2022 -16.3% at constant exchange rates 12.5% CHF -34.4 m CHF 283.2 m RONOA Operating free ca
Slide 5: First half of 2023 in a nutshell
First half of 2023 in a nutshell Supply chain constraints easing Trend towards automated systems for mid- and entry-level segments and Smart Factory solutions Competence Days China, Tianjin Profitablity more than doubled from H1 2022 Continued investment and growth of service business Medium-term gr
Slide 6: We made significant progress on our strategic pillars
We made significant progress on our strategic pillars Systems • New product innovation in Silver portfolio • Expanded entry-level segment with additional products • Increased global market reach with DNE products Systems Cutting.Bending.Automation. + portfolio expansion Software & solutions • Growin
Slide 7: Strong sales growth due to realization of high order backlog
Strong sales growth due to realization of high order backlog EMEA • Normalization of order backlog • Customer investment behavior cautious Americas Order intake (10.5%) Americas • Benefiting from a re-shoring surge Net sales +28.8% China • Grown in relevance and represents more Order intake (14.2%)
Slide 8: Agenda
Results Half-Year 2023 Agenda Business update Alex Waser Financial review Beat Neukom Outlook Alex Waser Q&A Alex Waser Beat Neukom
Slide 9: Key figures
Key figures in CHF million H1 2023 H1 2022 Δ in % Δ in % at CER1 Order intake 420.9 536.1 (21.5%) (16.3%) Order backlog 354.1 515.2 Net sales 468.3 453.2 3.3% 9.7% Systems business 345.5 343.1 0.7% 6.8% Service business 122.9 110.1 11.7% 18.7% Operating result (EBIT) 25.3 10.5 > 100% EBIT margin 5.4
Slide 10: Slowing order intake amidst economic uncertainties – maintained high order backlog
Slowing order intake amidst economic uncertainties – maintained high order backlog Order intake in CHF million • Overall softening in order intake of a high base in H1 2022 sequential H1’23 vs • EMEA impacted by weaker economic development H1 2022 H2 2022 H1 2023 H2’22 • Continued solid demand in Am
Slide 11: Profitability more than doubled due to volume, price increases and cost management
Profitability more than doubled due to volume, price increases and cost management in CHF million H1 2023 H1 2022 H2 2022 Δ in % Net sales 468.3 453.2 562.7 3.3% Other operating income 1.8 2.2 3.2 - Material expenses (198.7) (197.3) (272.0) 0.7% Material quote improvement of 1.1ppts vs H1’22 and + c
Slide 12: Cash flow improved y-o-y while 1st half is usually lower than 2nd half
Cash flow improved y-o-y while 1st half is usually lower than 2nd half Cash flow development in CHF million H1 2023 H1 2022 • Increase in inventories to work down high order backlog and build-up of Net result 19.8 7.0 safety stock Depreciation and amortization 10.2 10.2 Change in net working capital
Slide 13: Agenda
Results Half-Year 2023 Agenda Business update Alex Waser Financial review Beat Neukom Outlook Alex Waser Q&A Alex Waser Beat Neukom
Slide 14: Confirming outlook for the full year 2023
Confirming outlook for the full year 2023 Bystronic is well positioned for further growth based on its solid market position and strong portfolio of systems, service and solutions. In light of the economic slowdown, for the full year 2023, Bystronic continues to anticipate a decline in order intake
Slide 15: Questions & Answers
Questions & Answers
Slide 16: Appendix
Appendix
Slide 17: Regional performance
Regional performance Order intake Net sales in CHF million in CHF million in % at in % at H1 2023 H1 2022 in % H1 2023 H1 2022 in % CER 1 CER 1 EMEA 198.4 261.0 (24.0%) (18.1%) 235.8 222.3 6.1% 14.0% Americas 145.7 168.4 (13.5%) (10.5%) 164.5 131.4 25.2% 28.8% China 33.5 42.9 (22.0%) (14.2%) 34.5 50
Slide 18: Financial calendar
Financial calendar 2023 September 13 Investora conference in Zurich September 18 Baader Investment conference in Munich October 13 9M Trading Update November 2 ZKB Swiss Equity und Real Estate Conference in Zurich November 14-16 Credit Suisse Equity Forum Switzerland in Zurich 2024 February 29 2023