Feintool International Holding Ag · SIX:FTON
Feintool International — FY2024 Earnings Presentation
32 slides from Feintool International's earnings presentation, Feb 27, 2025
Slide 1: Feintool International Holding AG Financial Year 2024
Feintool International Holding AG Financial Year 2024 Media and analyst conference – 27 February 2025
Slide 2: Agenda Thursday, 27 February 2025
AGENDA THURSDAY, 27. FEBRUARY 2025 08.30 Reception and Coffee 09.00 Welcome Karin Labhart, CCO Year in Review Torsten Greiner, CEO Financial Results Thomas Erne, CFO Outlook Torsten Greiner, CEO 10.00 Questions & Answers All 10.30 – 11.30 Apéro and Networking All Feintool media and analyst conferenc
Slide 3: Year in Review
YEAR IN REVIEW Feintool media and analyst conference – 27. February 2025 2
Slide 4: Difficult situation in Europe (Swiss and German media)
DIFFICULT SITUATION IN EUROPE (SWISS AND GERMAN MEDIA) Feintool media and analyst conference – 27. February 2025 3
Slide 5: The Feintool Year 2024
THE FEINTOOL YEAR 2024 Cost reduction in Europe, growth future business Good business in Asia: high profitability; expansion into India; Japan and China as growth drivers Record sales in the US with good profitability; capacity expansion European markets under significant pressure; consolidati
Slide 6: Europe: Very challenging situation, cost reduction initiated
EUROPE Very challenging situation, cost reduction initiated Feintool is seeing a strong impact from the ongoing uncertainty regarding e-motors In addition, there is a continuing baisse in industrial business Result: sharp decrease in sales in Europe Immediate action with cost reduction progr
Slide 7: The Future of Lyss (CH) and Most (CZ)
THE FUTURE OF LYSS (CH) AND MOST (CZ) High-volume production to be Headquarters relocated from Lyss to Most by 2025 remain in Lyss Target 2026 Feintool Service Parts (Lyss) Competence Center Fineblanking (Lyss) incl. toolmaking Competence Center Hydrogen (Lyss) Feintool media and analyst conference
Slide 8: The Future of European Manufacturing of E-Motor Cores
THE FUTURE OF EUROPEAN MANUFACTURING OF E-MOTOR CORES Feintool Vaihingen expansion Management of Business Unit Feintool Sachsenheim closing Competence Center R&D, Engineering, Toolmaking Relocation of production and systems to Tokod and Vaihingen Highly automated automotive production We a
Slide 9: System Parts USA
SYSTEM PARTS USA Record sales with good profitability; market share increase Feintool USA secured new orders and gained market share Several new programs are planned to start production in 2025 Production of new orders ensured by the expansion of Nashville plant North America offers lucrativ
Slide 10: System Parts Asia
SYSTEM PARTS ASIA Expansion to India, Strong business in Japan and China Strong business performance, excellent profitability India expansion with new plant in Pune progressing, groundbreaking done, SOP early 2026 Successful year in Japan: new high-volume order for seat adjuster components rec
Slide 11: Financial Results
FINANCIAL RESULTS Feintool media and analyst conference – 27. February 2025 10
Slide 12: Sales
SALES Europe's weak demand has a significant impact on sales in mio. CHF Growth Growth Growth Growth 8.1% 0.2% -24.8% -15.1% ex FX 10.0% ex FX 4.6% ex FX -23.3% ex FX -13.3% 900 847,7 14,6 0,1 800 -143,9 719,6 700 1,1 600 500 400 300 200 100 0 Sales 2023 IFRS System Parts US System Parts Asia System
Slide 13: Sales by Application 2024
SALES BY APPLICATION 2024 The share of non-automotive sales is 16% 10% The area of stamping motor 19% 2% core (main drives) contributes Stamping automotive main drive (incl. hybrid) 10% of Group sales 13% Stamping automotive (not main drive) The decrease in demand for Stamping non-automotive (in
Slide 14: EBITDA - Reconciliation 2023 to 2024 (excluding one-off effects)
EBITDA - RECONCILIATION 2023 TO 2024 (EXCLUDING ONE-OFF EFFECTS) The EBITDA margin is 7.2% due to sales in mio. CHF Margin Margin Margin Margin Margin 9.9% 10.4% 18.4% 7.0% 7.2% 90 84,0 80 -2,5 -1,2 70 -25,1 60 -3,5 51,9 50 40 30 20 10 0 EBITDA 2023 IFRS System Parts US System Parts Asia System Part
Slide 15: EBIT - Reconciliation 2023 to 2024 (excluding one-off effects)
EBIT - RECONCILIATION 2023 TO 2024 (EXCLUDING ONE-OFF EFFECTS) The sharp drop in sales could not be fully compensated in mio. CHF Margin Margin Margin Margin Margin 3.5% 5.2% 9.2% -1.1% -0.3% 29,9 30 -2,5 -0,9 25 20 15 -25,1 10 5 0 -3,6 -5 -2,2 EBIT 2023 IFRS System Parts US System Parts Asia System
Slide 16: Group Result 2024
GROUP RESULT 2024 The one-off effects are an investment in the future of Feintool in mio. CHF The restructuring measures in 0 -2,2 Switzerland and Germany had a -5 -10 negative impact of MCHF 47.1 -15 on the result -20 -49,3 The expected cost savings after -25 -47,1 -30 implementation of the mea
Slide 17: Balance Sheet: Total assets remain at a similar level
BALANCE SHEET Total assets remain at a similar level to the previous year 31.12.2024 31.12.2023 Difference Total assets increased Assets in m CHF in m CHF in m CHF slightly to CHF 810.7 million Cash and cash equivalents 77.1 82.2 -5.1 (December 31, 2023: CHF Trade and other receivables 103.6 101.0
Slide 18: Balance Sheet: Continued solid balance sheet and healthy equity
BALANCE SHEET Continued solid balance sheet and healthy equity Liabilities 31.12.2024 31.12.2023 Difference Equity decreased to CHF in m CHF in m CHF in m CHF 451.6 million. Financial liabilities 119.7 106.4 13.3 Equity ratio still solid at 55.7 Other liabilities 239.4 213.3 26.1 Shareholder's e
Slide 19: Equity
EQUITY Solid equity ratio of around 55.7% in Mio. CHF 488,2 Positive impact from currency 490 480 -5,0 effects (MCHF 17.6) and 470 negative impact from the 460 -44,7 451,6 consolidated loss of CHF 44.7 -4,5 450 17,6 0,0 million. 440 430 420 20 10 0 31.12.2023 Dividend Net income FX IAS 19 Others 3
Slide 20: Cash Flow
CASH FLOW A positive cash flow was generated despite a sharp decline in sales in Mio. CHF Positive free cash flow due to 70 optimized net working capital and reduced capital 60 expenditures 17,8 50 42,5 Cash and available credit 40 lines of CHF 214.5 million 30 -55,9 confirmed 20 10 4,4 0 op. CF
Slide 21: Outlook
OUTLOOK Feintool media and analyst conference – 27. February 2025 20
Slide 22: All Electric Vehicles - Market Share 2030
ALL ELECTRIC VEHICLES - MARKET SHARE 2030 Feintool assumes market share of 36% which is the mid range of the forecasts Average of forecasts: 40% Feintool assumption: 36% As of July 2024, GlobalData February 2025 Feintool media and analyst conference – 27. February 2025 21
Slide 23: Wide-Ranging Product Portfolio
WIDE-RANGING PRODUCT PORTFOLIO Precision components for automotive and industry markets Automotive Industrial Linear motors Industrial Motors Servo motors Drive motors Air blowers Air movement Ventilation Axial/radial ventilators Centrifugal pumps Pumps Water pumps Dry pumps Heat
Slide 24: Global Car Production
GLOBAL CAR PRODUCTION Continuous growth, transformation slowed down Number of vehicles produced up to 3.5 t total weight, worldwide Growth in car production, recovery of CAGR pre-pandemic level in 2026: +1,5% CAGR +1,5 % (2024-2030) Trend towards all electric vehicles 2023: 76 Mio. decreased but
Slide 25: Market Forecast as of February 2025 - Regional Situations
MARKET FORECAST AS OF FEBRUARY 2025 - REGIONAL SITUATIONS Vehicles < 3,5t BEV/FCEV (fully electric) Hybride Nur ICE 34% 53% 44% 29% 25% 28% 37% 31% 19% Trend towards BEVs slowing down in the midterm, but Trend towards BEVs stable. World's highest production Technological change will happen, bu
Slide 26: Outlook Wind Turbines - Global
OUTLOOK WIND TURBINES - GLOBAL Increasing demand for wind turbine generators Rising demand for wind turbines driven by the Capacity of newly installed wind energy turbines [GW] CAGR +9% expansion of renewable energy generation (replacement of fossil energy sources, CO2 targets in accordance with t
Slide 27: Market Forecast for Fuel Cells & Electrolyzers - Global
MARKET FORECAST FOR FUEL CELLS & ELECTROLYZERS - GLOBAL Different market trends for bipolar plates Attractive market potential for Bipolar plates for fuel cells1 FEINforming for production of Market volume2 BPP (billion €/a) Bipolar plates for electrolyzers1 bipolar plates Sum CAGR +73 % (2025 – 2
Slide 28: Outlook: Attractive portfolio for profitable growth
OUTLOOK Feintool leverages its attractive portfolio for profitable growth Feintool is well prepared for >1.000 conventional/hybrid drivetrains and for all electric drives as well Due to the technology portfolio and 720 Sales in mio. CHF to the global footprint, Feintool is able to adapt to dynam
Slide 29: Focus 2025
FOCUS 2025 Increase efficiency and expand market share globally Decisive consolidation in Europe Restructuring of the European production of rotors and stators for e-motors Specialization European locations Lyss and Most Increase market share in China and Japan, market entry in India Furth
Slide 30: Outlook 2025 and Medium-Term Targets
OUTLOOK 2025 AND MEDIUM-TERM TARGETS Feintool expects business to continue to develop positively in North America and Asia in 2025. Due to the continued low visibility in Europe, Feintool is not giving any guidance for 2025 The medium-term outlook for our target markets for all core technologies
Slide 31: We look forward to your questions
Feintool International Holding AG We look forward to your questions
Slide 32: Disclaimer
DISCLAIMER Feintool is confirming its best efforts to present accurate and up-to-date information in this document. Feintool gives no representation or warranty, expressed or implied, as to the accuracy or completeness of the information provided herein and disclaims any liability whatsoever for t
Feintool International Holding — FY2024 Earnings Presentation on 6ix