Slide 1: Group Figures on Q1 2024
GROUP FIGURES ON Q1 2024 THOMAS JESSULAT, CEO MAY 7, 2024
Slide 2: Two Growth Markets: E-Mobility, Hydrogen
TWO GROWTH MARKETS E-MOBILITY HYDROGEN
Slide 3: Purpose, Vision, Mission
PURPOSE VISION MISSION PIONEERING THE PREFERRED SHAPING THE FUTURE OF ELRINGKLINGER ON INNOVATIVE PARTNER IN THE BASIS OF TECHNOLOGIES DRIVING #1 PRODUCT TRANSFORMATION FOR A SUSTAINABLE INNOVATIVE #2 SUSTAINABILITY FUTURE. TECHNOLOGIES. #3 PROCESS AND PERFORMANCE EXCELLENCE #4 DIGITAL TRANSFORMATIO
Slide 4: Product Transformation, Sustainability and Other Priorities
#1 PRODUCT #2 SUSTAINABILITY #3 PERFORMANCE & #4 DIGITAL #5 CORPORATE TRANSFORMATION PROCESS EXCELLENCE TRANSFORMATION CULTURE
Slide 5: Product Transformation
#1 PRODUCT TRANSFORMATION TRANSFORMING THE PRODUCT PORTFOLIO • ElringKlinger’s product portfolio geared towards sustainable mobility at an early stage • New strategy with market, product group, and plant dimension to be implemented • Focused innovation management • Target: >50% of sales revenues in
Slide 6: Different Speed of Market Transformation
DIFFERENT SPEED OF MARKET TRANSFORMATION Light vehicle production by region in million units NORTH AMERICA EUROPE GREATER CHINA 15.7 16.0 16.1 17.9 17.5 18.1 33.1 15.9 29.0 29.7 13.0 6% 4% 47% 24.8 11% 21% 58% 12% 57% 9% 23% 85% 73% 28% 79% 26% 30% 14% 17% 2021 2023 2024e 2030e 2021 2023 2024e 2030
Slide 7: High Volume of Nominations Confirms Transformation
HIGH VOLUME OF NOMINATIONS CONFIRMS TRANSFORMATION Fuel Cell Battery Technology Technology & EDU >4,000 Other nominations Components Nominations for electrolyzers Nominations Fuel cell received 3-digit mEUR >2 bEUR received for Non-ICE Lightweighting components Battery module housings for E-Mobility
Slide 8: Group Transformation Path
GROUP TRANSFORMATION PATH 100% 80% Non-ICE 60% 40% 20% ICE 0% 2023 2025e 2030e Status: March 2024 based on planning data. Data for the years after 2028 based on assumptions.
Slide 9: Financials
FINANCIALS
Slide 10: Strong Order Intake
STRONG ORDER INTAKE Order intake in mEUR Order backlog in mEUR +3.1% -8.3% 475 489 1,449 465 1,354 1,305 1,329 1,279 374 377 Q1 2023 Q2 Q3 Q4 Q1 2024 Q1 2023 Q2 Q3 Q4 Q1 2024 Sales revenue in mEUR Sales revenue in mEUR -4.6% -4.6% 488 487.7 Organic: -3.8% 469 452 465 3.8 439 0.0 18.6 465.3 Q1 2023
Slide 11: Balanced Sales Mix Supportive
BALANCED SALES MIX SUPPORTIVE Revenue by business unit in % of total revenue Revenue by region in % of total revenue South America Other Lightweighting/ & Rest of World Engineered Plastics Elastomer Technology 7% <1% 6% Asia-Pacific Rest of 28% 15% Europe Aftermarket 19% 33% Other OE 2% 0% E-Mobilit
Slide 12: Earnings on Track for FY Target Margin
EARNINGS ON TRACK FOR FY TARGET MARGIN EBITDA in mEUR Adjusted EBIT in mEUR EBITDA margin in % of total revenue Adjusted EBIT margin in % of total revenue -5.2% -9.1% 53.6 52.3 50.8 26.4 24.8 26.3 46.8 47.7 22.7 24.0 11.0 10.0 10.6 11.9 10.9 5.4 5.3 5.0 6.0 5.2 Q1 2023 Q2 Q3 Q4 Q1 2024 Q1 2023 Q2 Q
Slide 13: Solid Improvement on Cash Flow and Net Debt
SOLID IMPROVEMENT ON CASH FLOW AND NET DEBT Capex in mEUR Net working capital in mEUR Capex ratio in % of total revenue Net working capital ratio in % of total revenue -5.6% +37.2% 24.9 518 529 510 466 489 17.4 16.7 16.9 436 452 12.3 28.0 28.0 27.1 25.2 26.8 5.7 292 272 2.5 3.7 3.7 3.6 -209 -235 Q1
Slide 14: Successful Growth Story in Aftermarket Segment
SUCCESSFUL GROWTH STORY IN AFTERMARKET SEGMENT Sales and adjusted EBIT margin by segments ORIGINAL EQUIPMENT AFTERMARKET +10.6% -8.0% 369 360 90.4 343 340 340 81.7 75.6 74.4 68.4 24.2 25.1 21.6 24.6 25.1 0.3 0.9 0.6 1.0 -0.7 Q1 2023 Q2 Q3 Q4 Q1 2024 Q1 2023 Q2 Q3 Q4 Q1 2024 ENGINEERED PLASTICS OTHE
Slide 15: Markets & Outlook
MARKETS & OUTLOOK
Slide 16: Global LV Production 2024 Flattish Y-o-Y
GLOBAL LV PRODUCTION 2024 FLATTISH Y-O-Y Expected LV production in million units Change vs. prior year’s quarter in % NORTH AMERICA +2.1% EUROPE GREATER CHINA +2.3% -2.2% 15.7 16.0 17.9 17.5 29.0 29.7 14.3 15.8 26.4 3.9 4.1 4.0 3.9 4.5 4.5 4.5 7.5 8.7 4.0 6.2 7.3 3.8 1.4 1.5 1.7 -2.5 -3.0 -3.3 11.5
Slide 17: Outlook Confirmed
OUTLOOK CONFIRMED FY 2024 Mid-term Actual 2023 Organic growth of Revenue Slight organic growth 1.85 bEUR 5% to 7% annually Adjusted EBIT Margin Approx. 5% of revenue Approx. 7% of revenue 5.4% Operating Free Cash Flow Approx. 2% of revenue Approx. 3% of revenue 2.0% ROCE Around 6% Around 11% 5.6% N
Slide 18: Let's Shape the Future
elringklingér ) CL LET’S SHAPE THE FUTURE. BSHAPE*°
Slide 19: Appendix
APPENDIX
Slide 20: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Q1 2024 Q1 2023 Sales revenue 465 488 Cost of sales -355 -376 Gross profit 111 112 Gross margin in % 23.8 22.9 Selling expenses -38 -38 General and administrative expenses -27 -26 Research and development costs -21 -23 Other operating income 3 4 Other operating expense
Slide 21: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of Mar As of Dec As of Mar As of Dec Assets Liabilities and equity 31, 2024 31, 2023 31, 2024 31, 2023 Intangible assets 168 168 Share capital 63 63 Property, plant, and equipment 860 858 Capital reserves 118 118 Financial assets 12 12 Revenue reserve
Slide 22: Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS Q1 2024 Q1 2023 [Continued] Q1 2024 Q1 2023 Earnings before taxes (EBT) 18 17 Proceeds from disposals of PPE and intangible assets 0 0 Depreciation/amortization (less write-ups) of non-current Proceeds from disposals of financial assets 11 4 assets 27 28 Payment
Slide 23: Key Group Figures – Last 5 Years
KEY GROUP FIGURES – LAST 5 YEARS 2023 2022 2021 2020 2019 Order intake 1,691 1,874 1,978 1,483 1,737 Order backlog 1,305 1,462 1,386 1,033 1,030 Sales 1,847 1,798 1,624 1,480 1,727 EBITDA 200 174 216 182 181 Adjusted EBIT1 100 68 102 28 61 Adjusted EBIT margin1 in% 5.4 3.8 6.3 1.9 3.5 EBT 53 -56 101
Slide 24: Key Segmental Figures – Last 5 Years
KEY SEGMENTAL FIGURES – LAST 5 YEARS 2023 2022 2021 2020 2019 Group Sales 1,847 1,798 1,624 1,480 1,727 Adjusted EBIT1 100.1 68.4 102.0 28 61 Adjusted EBIT margin1 in % 5.4 3.8 6.3 1.9 3.5 Original Equipment Sales 1,412 1,411 1,280 1,186 1,423 Adjusted EBIT1 9.9 -1 37 -24 5 Adjusted EBIT margin1 in
Slide 25: Key Group Figures – Last 5 Quarters
KEY GROUP FIGURES – LAST 5 QUARTERS Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Order intake 489 465 377 374 475 Order backlog 1,329 1,305 1,279 1,354 1,449 Sales 465 439 452 469 488 EBITDA 50.8 52.3 47.7 46.8 53.6 EBIT 23.8 18.8 21.4 16.7 26.0 EBIT margin in % 5.1 4.3 4.7 3.6 5.3 EBIT adjusted 24.0 26.
Slide 26: Key Segmental Figures – Last 5 Quarters
KEY SEGMENTAL FIGURES – LAST 5 QUARTERS Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Group Sales 465 439 452 469 488 Adjusted EBIT 24.0 26.3 22.7 24.8 26.4 Adjusted EBIT margin in % 5.2 6.0 5.0 5.3 5.4 Original Equipment Sales 339 340 343 360 369 Adjusted EBIT -2.4 3.3 2.1 3.4 1.1 Adjusted EBIT margin in
Slide 27: Disclaimer
DISCLAIMER Forward-looking statements and predictions This presentation contains statements about the future. These statements are based on current expectations, market evaluations and predictions by the Management Board, and on information that is currently available to them. The statements about t