Polytec Holding Ag · VIE:PYT

Polytec — FY2023 Earnings Presentation

40 slides from Polytec's earnings presentation, Apr 26, 2024

  1. Slide 1: POLYTEC GROUP Results 2023 FY

    POLYTEC GROUP Hörsching, 26 April 2023 Results 2023 FY

  2. Slide 2: Agenda

    AGENDA  Financials 2023 FY & Outlook 2024 FY  Mastering challenges. Seizing opportunities.  ESG - Sustainability  Appendix ▫ Financial figures in detail ▫ Automotive Market 2023 ▫ POLYTEC at a glance 2

  3. Slide 3: 2023 FY unsatisfactory, 2024 FY with positive development

    2023 FY UNSATISFACTORY 2024 FY WITH POSITIVE DEVELOPMENT  Consolidated sales revenues in 2023 FY amounted to EUR 636.0 million and were thus 5.8%, or EUR 34.6 million, higher than in 2022 (EUR 601.4 million). From the third quarter onwards, the turnover performed below expectations.  A huge number

  4. Slide 4: Sales revenues by market area 2023 FY

    SALES REVENUES BY MARKET AREA 2023 FY etc. 8.8% 17.2% Passenger Cars & 74.0% Light Commercial Vehicles EUR m 470.6 Commercial Vehicles Smart Plastic & EUR m 109.5 Industrial Applications EUR m 55.9 etc. 4

  5. Slide 5: Key figures 2023 FY

    KEY FIGURES 2023 FY  Group sales revenues amounted to EUR 636.0 million (2022: EUR 601.4 million)  EBITDA amounted to EUR 26.6 million (2022: EUR 33.2 million)  EBITDA margin 4.2% (2022: 5.5%)  EBIT totalled minus EUR 6.7 million (2022: plus EUR 0.7 million)  EBIT margin minus 1.1% (2022: plus

  6. Slide 6: Earnings & dividend per share 2006–2023

    EARNINGS & DIVIDEND PER SHARE 2006 – 2023 DIVIDEND POLICY EPS in € DPS in €  based on profitability  strategic growth perspectives  capital requirements of the POLYTEC GROUP 6

  7. Slide 7: Outlook 2024 FY – this year will be a much better one

    OUTLOOK 2024 FY – THIS YEAR WILL BE A MUCH BETTER ONE From today's perspective, the management of POLYTEC Holding AG expects planned consolidated sales revenues in the range of EUR 660 million to EUR 710 million for the 2024 financial year and is targeting an EBIT margin of around 2% to 3%. The risi

  8. Slide 8: The equity story of the POLYTEC Group

    THE EQUITY STORY OF THE POLYTEC GROUP Specialist > SUSTAINABLE for highly STRATEGY complex plastic > HIGH ADAPTABILITY solutions > BROAD TECHNOLOGY PORTFOLIO > STABLE ECONOMIC POSITION 8

  9. Slide 9: Shareholder structure and research coverage

    SHAREHOLDER STRUCTURE SINCE 24. AUGUST 2023 RESEARCH COVERAGE Institute (mid of April 2024) Rating Price target BAADER-Helvea Research, Munich Buy EUR 7.0 ERSTE Group Research, Vienna Hold EUR 4.7 M.M.Warburg Research, Hamburg Hold EUR 4.5 Raiffeisen Research, Vienna Buy EUR 5.0 Average price target

  10. Slide 10: Book value exceeding market capitalisation

    BOOK VALUE EXCEEDING MARKET CAPITALISATION Market capitalisation: ~73 EUR million Balance sheet total: 533 EUR million Shareholders‘ equity: 221 EUR million Equity ratio: 41.4% Tangible assets: 242 EUR million Interest bearing liablilities: 172 EUR million + Promising order intake of innovative, fut

  11. Slide 11: Mastering challenges. Seizing opportunities.

    MASTERING CHALLENGES. SEIZING OPPORTUNITIES.

  12. Slide 12: Challenges 2023

    CHALLENGES 2023 POLYTEC SOLUTION FORCE: Transformation of market positioning & Price and cost pressure product portfolio Extended procurement time for equipment Promising order intake of future oriented products Peak demand in temporary staff – difficult availability Aggregation of launches (SOPs) H

  13. Slide 13: Mastering challenges – current progress

    MASTERING CHALLENGES. CURRENT PROGRESS Price and cost pressure Improved Extended procurement time Solved for equipment Peak demand in temporary staff – Improving difficult availability To be announced HY2-2023 revenues below expectations Q1-2024 report Operational challenges Stabilisation in one aff

  14. Slide 14: Seizing opportunities

    SEIZING OPPORTUNITIES  POLYTEC SOLUTION FORCE Products highly appreciated in the market  promising order intake e.g. thermal management, tractors, multi- way logistics  Innovation e-mobility, sustainability, recyclability  POLYTEC UK 2 new assembly and sequencing centres, expansion of the Telfor

  15. Slide 15: Proactive transformation of the product portfolio

    PROACTIVE TRANSFORMATION OF THE PRODUCT PORTFOLIO 15

  16. Slide 16: ESG Sustainability

    ESG SUSTAINABILITY

  17. Slide 17: Sustainability @POLYTEC

    SUSTAINABILITY @POLYTEC ENERGY PEOPLE tps), ey “8 ‘sustainability CUSTOMERS cures ina i; ECONOMICALLY FEASIBLE AG CONOWICALLY Asie | Ge bo JD ee // GO NEUTRAL 2035 POLYTEC’S PATHWAY TO DECARBONISATION fs 2020-2021 ff Conenionet ne ationora German locations a: wall as the Roscondaal plant to carbon.

  18. Slide 18: ESG / Taxonomy figures 2023 FY

    ESG / TAXONOMY FIGURES 2023 FY 18

  19. Slide 19: Appendix

    APPENDIX PASSION CREATES INNOVATION POLYTEC

  20. Slide 20: Financials 2023 FY in detail

    FINANCIALS 2023 FY IN DETAIL T POLYTEC

  21. Slide 21: Cons. income statement 2023 FY vs 2022 FY

    CONS. INCOME STATEMENT 2023 FY VS 2022 FY 21

  22. Slide 22: Cons. balance sheet 31.12.2023 – Assets

    CONS. BALANCE SHEET 31.12.2023 VS 31.12.2022 ASSETS 22

  23. Slide 23: Cons. balance sheet – Equity & liabilities

    CONS. BALANCE SHEET 31.12.2023 VS 31.12.2022 EQUITY & LIABILITIES 23

  24. Slide 24: Cons. cash flow statement 2023 FY – Part 1

    CONS. CASH FLOW STATEMENT 2023 FY VS 2022 FY – PART 1 24

  25. Slide 25: Cons. cash flow statement 2023 FY – Part 2

    CONS. CASH FLOW STATEMENT 2023 FY VS 2022 FY – PART 2 25

  26. Slide 26: POLYTEC share key figures 2023–2019

    POLYTEC SHARE KEY FIGURES 2023 - 2019 26

  27. Slide 27: Corporate calendar 2024

    CORPORATE CALENDAR 2024 26 April 2024 Friday Annual financial report 2023, ESEF report 2023 and annual report 2023 16 May 2024 Thursday Interim report Q1 2024 11 June 2024 Tuesday Record date “Annual General Meeting” 21 June 2024 Friday 24" Ordinary Annual General Meeting FY 2023, Hérsching, POLYTEC

  28. Slide 28: Automotive market Jan–Dec 2023

    AUTOMOTIVE MARKET JAN – DEC 2023

  29. Slide 29: Passenger car registrations worldwide 2023

    PASSENGER CAR REGISTRATIONS WORLDWIDE 2023 Explanation: Percentages refer to the period of the previous year Full Year Comparison with pre-crisis year 2019 EU +EFTA +UK 12 847 500 CHINA +13.8% USA 23/19: -18.2% 25 798 000 23/19: +2.5% 15 457 400 +11.0% +12.5% INDIA JAPAN 23/19: -8.7% 4 101 700 3 992

  30. Slide 30: Registrations of new passenger cars in Europe Jan–Dec 2023

    REGISTRATIONS OF NEW PASSENGER CARS IN EUROPE JAN – DEC 2023 Percentages refer to the period of the previous year EU: 10 547 716 +1 284 207 / +13.9%  In December 2023, the EU car market experienced a 3.3% decline, recording 867,052 units in sales. This drop can be attributed to the high baseline pe

  31. Slide 31: New passenger car registrations in the EU by drive technology

    NEW PASSENGER CAR REGISTRATIONS IN THE EU BY DRIVE TECHNOLOGY: 2017 – 2023 70% 58,9% 60% 56,7% 50,3% 51,1% 50% 47,5% 47,1% New Powertrain 44,0% 40,4% Types 40,0% 40% 35,9% 36,4% 35,3% 30,5% Petrol 30% 28,0% 33,5% 28,5% 32,0% 24,5% 19,6% 20% 16,4% 17,0% 13,6% 10,6% Diesel 10% 5,7% 7,4% 14,6% 12,1% 7,

  32. Slide 32: Registrations of new cars in Europe by drive technology 2023

    REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA & UK) BY DRIVE TECHNOLOGY: 2023 VS 2022, 2021 Source: ACEA 32

  33. Slide 33: New commercial vehicle registrations in EU, EFTA & UK

    NEW COMMERCIAL VEHICLES REGISTRATIONS IN EU, EFTA & UK – 2023 VS 2022 Category Units Change Market Share Source: ACEA Light Commercial Vehicles <3.5 t 1 872 500 15.6% 81.5% Medium Commercial Vehicles >3.5 to 16 t 67 600 23.1% 2.9% Heavy Commercial Vehicles >16 t 317 200 15.0% 13.8% Medium and Heavy

  34. Slide 34: POLYTEC at a glance

    POLYTEC AT A GLANCE Technology-independent developer and manufacturer of high-quality plastic solutions ~3,900 636 MIO >37 YEARS Automotive and EMPLOYEES SALES REVENUES OF EXPERIENCE non-automotive industry 34

  35. Slide 35: Technological diversity and production expertise

    TECHNOLOGICAL DIVERSITY AND PRODUCTION EXPERTISE PRE- & THERMOPLASTICS COMPOSITES POLYURETHANE POST-PROCESSING Multi-component injection Production of glass fibre SMC PUR RRIM / RRIM lightweight Toolmaking moulding Production of carbon fibre SMC PUR rigid / semi-rigid Trimming & cutting (water jet,

  36. Slide 36: Locations

    LOCATIONS 18x in Europe 1x in Asia 1x in America 1x in Africa 36

  37. Slide 37: Product lines

    TRUCK, BUS & AGRICULTURAL APPLICATIONS [L | | SMART PLASTICS & NEW MOBILITY POWERTRAIN SOLUTIONS BATTERY APPLICATIONS PAINTED EXTERIOR & ACOUSTIC SOLUTIONS UNDERBODY SOLUTIONS.

  38. Slide 38: We create added value for our customers

    WE CREATE ADDED VALUE FOR OUR CUSTOMERS Design & technical concept Development of material Simulation Construction & prototyping VALUE CREATION Tooling Testing & validation Industrialising Quality assurance Life cycle assessment 38

  39. Slide 39: The management board

    THE MANAGEMENT BOARD  Markus Huemer, CEO/COO, (mid)  Markus Mühlböck, CFO, (left)  Peter Bernscher, Deputy Chairman/CCO, (right) 39

  40. Slide 40: IR contact

    IR CONTACT: POLYTEC Holding AG Mr. Paul Rettenbacher – IRO Since 17 July 2023, CFO Markus Mühlböck (left) has been responsible for the entire E-Mail paul.rettenbacher@polytec-group.com finance portfolio. The new CFO manages the IR agendas jointly with Investor T +43 7221 701-292 Relations Manager Pa

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