Polytec Holding Ag · VIE:PYT
Polytec — Q3 2020 Earnings Presentation
24 slides from Polytec's earnings presentation, December 2020
Slide 1: We Transform Visions into Plastic Solutions
WE TRANSFORM VISIONS Winter 2020/2021 (Virtual meetings) INTO PLASTIC SOLUTIONS Investors Presentation Q3 2020
Slide 2: Polytec Group at a Glance
POLYTEC GROUP AT A GLANCE ▪ Leading developer and manufacturer of high-quality lightweight plastic components ▪ Solution provider for the Automotive & Non-Automotive-Industry 627.1 605.6 32.6 3,851 EUR m sales EUR m balance sheet total EUR m EBIT Employees (incl. leasing personnel) 2019 FY (as of 31
Slide 3: Business Model
BUSINESS MODEL “INDUSTRIAL Division” Separated from December 2020 POLYTEC POLYTEC POLYTEC POLYTEC PLASTICS COMPOSITES CAR STYLING INDUSTRIAL CORE COMPETENCIES: CORE COMPETENCIES: CORE COMPETENCIES: CORE COMPETENCIES: ▪ 2k injection moulding ▪ Production of glass fibre SMC ▪ PUR RRIM ▪ PUR-processing
Slide 4: Sales Split by Market Area & Customer Portfolio
SALES SPLIT BY MARKET AREA & CUSTOMER PORTFOLIO Q1-Q3 2020 Group sales: etc. EUR m 379.4 Passenger Cars & Light Commercial Cars Commercial Cars 13.4% Smart Plastics & Industrial Applications 22.8% 63.8% 2019 FY Exterior 9% Powertrain 13% Interior 3% 44% 6% Structure et 25% Industrial Applications c.
Slide 5: Global New Passenger Car Registrations Jan-Nov 2020
GLOBAL NEW PASSENGER CAR REGISTRATIONS – JAN-NOV 2020 EU +EFTA+UK 10 746 300 USA -26.1% Nov.: -13.5% CHINA 17 452 000 Nov.: +11.6% -7.7% 12 842 100 -16.8% Nov.: -15.4% INDIA 2 111 900 JAPAN 3 494 800 BRAZIL -21.8% -13.0% 1 721 800 Nov.: +4.6% Nov.: +6.7% -28.7% Nov.: -7.4% COVID-19 impact Explanatio
Slide 6: New Passenger Car Registrations in Europe Jan-Nov 2020
NEW PASSENGER CAR REGISTRATIONS IN EUROPE JAN-NOV 2020 (COMPARED TO THE SAME PERIOD OF THE PREVIOUS YEAR) EU: 8 911 131 (-3 051 928) -25.5% ▪ In November 2020, new car registrations in the European Union fell by 12.0% to 897,692 units, as several European governments introduced new measures to conta
Slide 7: New Passenger Car Registrations in the EU by Fuel Type
NEW PASSENGER CAR REGISTRATIONS IN THE EU BY FUEL TYPE 2017 – Q3 2020 70% 58,9% 60% 56,7% 50,3% 50,3% 50% 44,0% 40% 35,9% 30,5% 29,0% 30% 20,7% 20% 10,6% 10,6% 10% 7,4% 5,7% 5,9% 2,8% 3,9% 8,1% BEV + Fuel Cell: 4,1% PHEV + EREV: 4,0% 1,5% 2,0% 3,0% 0% 1,4% 1,5% 1,7% 2,0% 2017 2018 2019 Q3 2020 Petro
Slide 8: Polytec Solution Force
POLYTEC SOLUTION FORCE WE TRANSFORM VISIONS INTO PLASTIC SOLUTIONS Concentration of the extensive expertise available throughout the POLYTEC GROUP: ▪ Technological and manufacturing competences at its various plant locations ▪ High degree of value added ▪ Innovative strengths in the product and mate
Slide 9: Product Lines
PRODUCT LINES 1 NEW MOBILITY & STRUCTURAL 3 TRUCK, BUS & AGRICULTURAL 5 POWERTRAIN SOLUTIONS 7 UNDERBODY SOLUTIONS INNOVATIONS APPLICATIONS 2 SMART PLASTIC APPLICATIONS 4 PAINTED EXTERIOR 6 POWERTRAIN ACOUSTICS 8INDUSTRIAL APPLICATIONS > SPECIAL SERIES “INDUSTRIAL Division” Separated from December 2
Slide 10: Selected Projects
SELECTED PROJECTS VW Modules for MEB platform („Modularer E-Antriebs-Baukasten“) Components used in various models Jaguar/Land Rover Mild Hybrid Battery box 48V POLYTEC replaced metal underbody shell (12 kg) by GMT/GMTex composite material and reduced weight down to less than 4 kg MAN Daimler Merced
Slide 11: Streams – Overview
STREAMS – OVERVIEW ▪ Sub projects of POLYTEC’s digitation offensive ▪ Structuring of scope of applications ERP MES CAQ BI / DWH ECM HR Collabo- PLM RPA Security ration 11
Slide 12: Investing in New Plants
INVESTING IN NEW PLANTS ▪ Tianjin (PRC) ▪ Telford (UK) ▪ East London (RZA) 12
Slide 13: Sustainability: Ebensee (AT) Plant Already CO2 Neutral
SUSTAINABILITY: EBENSEE (AT) PLANT ALREADY CO2 NEUTRAL 13
Slide 14: Financial Figures Q3/Q1-Q3 2020
FINANCIAL FIGURES Q3/Q1-Q3 2020
Slide 15: Sales, EBIT Margin FY 2016-2019 – Q3 2020
SALES, EBIT MARGIN FY 2016-2019 – Q3 2020 in € m 156,8 149,6 149,1 137,1 93,2 6,6% 4,0% 1,8% 0,6% -10,4% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 15
Slide 16: EBITDA, EBITDA-Margin – Quarterly
EBITDA, EBITDA-MARGIN – QUARTARLY in € mill. 20,6 14,6 13,1% 11,7 9,9 9,8% 7,8% 7,2% -1,0% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 -1 16
Slide 17: Earnings – Quarterly
EARNINGS – QUARTARLY in € mill. EPS in € EARNINGS AFTER TAX 9,0 EARNINGS PER SHARE 3,7 0,40 1,5 0,16 0,06 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 -… Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 -1,5 -0,08 -0,48 -10,3 17
Slide 18: Equity & Equity Ratio – Quarterly
EQUITY & EQUITY RATIO – QUARTARLY 252,6 in € mill. 249,5 243,7 238,3 237,1 41,3% 41,7% 40,7% 40,5% 40,0% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 18
Slide 19: Net Debt, Gearing – Quarterly
NET DEBT, GEARING – QUARTARLY 163,3 Net debt in € mill. NET DEBT 157,1 156,0 153,4 150,3 GEARING 0,67 0,66 0,64 0,62 0,60 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 19
Slide 20: Outlook 2020 Financial Year
OUTLOOK 2020 FINANCIAL YEAR In view of the gradual improvement in the business trend since June 2020, the POLYTEC GROUP management remains cautiously optimistic with regard to the final quarter of the year and on the basis of the currently communicated call-offs, anticipates sales revenues of around
Slide 21: Corporate Calendar 2021
CORPORATE CALENDAR 2021 Date Day Event 22.04.2021 THU Financial statements and annual report FY 2020 02.05.2021 SUN Record date „Annual General Meeting“ 07.05.2021 FRI Interim report Q1 2021 12.05.2021 WED 21st Annual General Meeting FY 2020, Hörsching, Austria, 10:00 a.m. 18.05.2021 TUE Ex-dividend
Slide 22: Shareholder Structure
SHARHOLDER STRUCTURE 4,04% 1,50% Last Change on 29 December 2020: 5,17% Loys Investment S.A. overstepped 4% threshold 29,04% 60,25% Free float Huemer-Group NN Group N.V. Loys Investment S.A. Treasury shares 22
Slide 23: Notes
NOTES my / >
Slide 24: Contact
CONTACT: POLYTEC Holding AG Mr. Paul Rettenbacher – Investor Relations Manager E-Mail: paul.rettenbacher@polytec-group.com www.polytec-group.com/en/investor-relations/news