Orell Fussli Ag · SIX:OFN
Orell Fussli — FY2023 Earnings Presentation
31 slides from Orell Fussli's earnings presentation, Mar 8, 2024
Slide 1: Annual Results 2023
Annual Results 2023 Analyst & Media Conference (online) Zürich, 8th March 2024
Slide 2: Welcome, Financial Results, Business Year, Strategy & Guidance
Analyst & Media Conference 8 March 2024 2 WELCOME 01 Dr. Martin Folini, Chairman FINANCIAL RESULTS 2023 02 Reto Janser, CFO BUSINESS YEAR 2023 03 Daniel Link, CEO STRATEGY & GUIDANCE 2024 04 Daniel Link, CEO Q&A 05
Slide 3: Welcome
Welcome Dr Martin Folini Chairman of the Board of Directors
Slide 4: Our growth strategy gains traction and measurably contributes to positive development
Analyst & Media Conference 8 March 2024 4 «Our growth strategy gains traction and measurably contributes to positive development in 2023.»
Slide 5: Successful Business Year 2023
Analyst & Media Conference 8 March 2024 5 Successful Business Year 2023 Increase in revenue 7% and EBIT by 21% Significant increase of 25% in net profit Security Education Healthy balance sheet and growth investments Technology leader for Market leader in Swiss book security documents and retail and
Slide 6: Growth Strategy Gains Traction
Analyst & Media Conference 8 March 2024 6 Growth Strategy Gains Traction 300 • All divisions with revenue growth • Operational efficiency further improved • Leveraged and expanded market positions • Excellent result of hep Verlag after acquisition in 2022 232 • New Leadership and positive developmen
Slide 7: Financial Results 2023
Financial Results 2023 Reto Janser CFO
Slide 8: Delivering On Strategic Milestones
Analyst & Media Conference 8 March 2024 8 Delivering On Strategic Milestones Book Retail Publishing Security Procivis Printing 1st new book Launch of digital SSI PoC with store opened in MyKV and CO2 saving industry partner 2023 in Solothurn MyDetailhandel printing waste presented products equipment
Slide 9: CO2 Footprint Significantly Reduced
Analyst & Media Conference 8 March 2024 9 CO2 Footprint Significantly Reduced CO2 Footprint CO2 total* CO2 / Revenue [CO2eq] - 28% [CO2eq/CHF] - 33% Achievements ESG Report fully Benchmarking of Digitalisation GRI compliant CEO salary Committee on BoD level * Scope 1 + 2 New printing waste treatment
Slide 10: Financial Key Figures Group 2023
Analyst & Media Conference 8 March 2024 10 Financial Key Figures Group 2023 CHF m 2023 2022 % • Revenues increase above expectations Revenue 232.2 217.3 7% Security printing: Good utilization thanks to strong order book Zeiser: Successful recovery after weak previous year EBITDA 29.8 25.8 16% Book r
Slide 11: Key Financial Figures Divisions 2023
Analyst & Media Conference 8 March 2024 11 Key Financial Figures Divisions 2023 CHF m 2023 2022 % Security printing • Security printing increase in revenue and EBIT thanks to new customers, product mix and efficiency gains Revenue 77.2 70.4 10% EBIT 10.6 9.7 9% Industrial systems (Zeiser) • Zeiser w
Slide 12: Financial Situation as of 31st December 2023
Analyst & Media Conference 8 March 2024 12 Financial Situation as of Total assets Equity financing ratio 31st December 2023 CHF 179 m 74.0% (CHF 179 m) (74.5 %) Solid balance sheet and unchanged high equity Cash flow from Freely available Free Cash flow financing ratio operating activities Cash CHF
Slide 13: Continuous Value Creation for Shareholder
Analyst & Media Conference 8 March 2024 13 Continuous Value Creation for Shareholder Revenue (in CHF m) Profitability 237 232 18.2 18.1 14.4 15.4 14.9 219 217 210 7.7 6.6 7.3 6.9 7.8 Yield on share 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 6.0% 5.20% EBIT in MCHF EBIT-Margin 4.2% 3.8% Ø 4.4%
Slide 14: Business Year 2023
Business Year 2023 Daniel Link CEO
Slide 15: In 2023, we have consistently driven forward our strategic initiatives
Analyst & Media Conference 8 March 2024 15 «In 2023, we have consistently driven forward our strategic initiatives and improved our efficiency. This is reflected in our results» Zeiser GmH
Slide 16: Highlights 2023
Analyst & Media Conference 8 March 2024 16 Highlights 2023 Very high capacity 5 new stationary book utilisation in security shops opened and printing market share increased New software solution Best result since a for digital identities decade in publishing and verifiable digital thanks to hep Verl
Slide 17: Security Printing – Strong Business Momentum
Analyst & Media Conference 8 March 2024 17 Security Printing – Strong Business Momentum Achievements 2023 Focus 2024 Operations Customer Portfolio High capacity utilization and Secure additional anchor customer improvements in efficiency New Customers ID Business Several new international customers,
Slide 18: Zeiser – Focus on Cost and Strategy Implementation
Analyst & Media Conference 8 March 2024 18 Zeiser – Focus on Cost and Strategy Implementation Achievements 2023 Focus 2024 Large Order Track & Trace Major order for a digital printing press Acquisition of several customers for from African state printer new Track & Trace systems Track & Trace Strate
Slide 19: Orell Füssli Thalia – Expansion Of Market Leadership
Analyst & Media Conference 8 March 2024 19 Orell Füssli Thalia – Expansion Of Market Leadership Achievements 2023 Focus 2024 Market Leadership New Stores Increase of market share in Expansion of footprint with difficult environment further store openings Shop Network Digital Expansion Five new books
Slide 20: Others – Publishing Houses strong after hep Verlag Acquisition
Analyst & Media Conference 8 March 2024 20 Others – Publishing Houses strong after hep Verlag Acquisition Achievements 2023 Focus 2024 Children‘s Book Children‘s Book 8 of the Top 10 Bestsellers Launch of 9 new publications, foster during Christmas time non-book business Learning Media (hep) Learnin
Slide 21: Others – Procivis Launches New Cutting Edge Technology Solution
Analyst & Media Conference 8 March 2024 21 Others – Procivis Launches New Cutting Edge Technology Solution Achievements 2023 Focus 2024 Procivis One Procivis One Introduction of Procivis One, Market launch and realisation of first a software solution for digital identities projects in B2G and B2B an
Slide 22: Strategy & Guidance 2024
Strategy & Guidance 2024 Daniel Link CEO
Slide 23: Our Strategy 2028 – Leader for Analog and Digital Trust Services
Analyst & Media Conference 8 March 2024 23 Our Strategy 2028 – Leader for Analog and Digital Trust Services 1. Security 2. Education 3. Certificates Trusted Banknotes Book trade Digital credentials Numbering systems Learning media Services Data & Information ID Documents Educational media Analog & D
Slide 24: Corporate Purpose and Values: Tribute to Heritage and Ambition
Analyst & Media Conference 8 March 2024 24 Corporate Purpose and Values: Tribute to Heritage and Ambition We enable an inspired and self- determined life Neugier Tatkraft (Curiosity) (Energy) Vertrauen (Trust)
Slide 25: Our Financial Ambition by 2028
Analyst & Media Conference 8 March 2024 25 Our Financial Ambition by 2028 CHF 300m Neues Foto mit Geld Revenue by 2028 8% EBIT Margin 60 – 80% dividend pay-out of net profit
Slide 26: Three Value Drivers for Profitable Growth
Analyst & Media Conference 8 March 2024 26 Three Value Drivers for Profitable Growth 01 02 03 Perform Create Invest Enhance core business with operational excellence, + Leveraging our current assets and know-how to create new + Buy and build new services & solutions, access to new efficiency gains,
Slide 27: Digital Verifiable Credentials: Promising New Projects for Procivis
Analyst & Media Conference 8 March 2024 27 Digital Verifiable Credentials: Promising New Projects for Procivis International projects Domestic projects Government organization Large corporation Government organization Government organization • Innovation project for digital credential • Partnership
Slide 28: Procivis One
Analyst & Media Conference 8 March 2024 28 Procivis One • Decentralized eID software solution • Ready for implementation at governments and corporations • Compliant to future Swiss and EU laws (eIDAS2.0) • Currently best performance and scalability in the market • For mobile, server and IoT environm
Slide 29: Dividend Proposal & Guidance 2024
Analyst & Media Conference 8 March 2024 29 Dividend Proposal & Guidance 2024 Dividend Revenue EBIT Proposal FY23 2024 2024 Increase of Increase in revenue EBIT margin dividend to at Group level slightly lower due CHF 3.90 to increases in per share energy and rental costs as well as investments in th
Slide 30: Disclaimer
Analyst & Media Conference 8 March 2024 30 Disclaimer US PRIVATE SECURITIES LITIGATION REFORM ACT 1995 This presentation contains forward-looking statements, including but not limited to, projections of future performance of materials and products, which involve risks and uncertainties. These statem
Slide 31: investors@orellfuessli.com
investors@orellfuessli.com Orell Füssli AG Dietzingerstrasse 3 8036 Zurich Switzerland orellfuessli.com