Starragtornos Group Ag · SIX:STGN

Starragtornos — Tornos Holding — FY2021 Earnings Presentation

41 slides from Starragtornos's earnings presentation, Mar 7, 2022

  1. Slide 1: Media and analysts' conference 2022

    Media and analysts’ conference 2022 Tornos Holding Ltd. Moutier, March 7, 2022

  2. Slide 2: Speakers

    Media and analysts’ conference 2022 Speakers François Frôté – Chairman of the Board Stéphane Pittet – Chief Financial Officer Michael Hauser – Chief Executive Officer Media and analysts' conference 2022 March 7, 2022 2

  3. Slide 3: Agenda

    Media and analysts’ conference 2022 Agenda  Overall Review François Frôté, Chairman  Financial Results 2021 Stéphane Pittet, CFO  Management Report Michael Hauser, CEO  Questions and answers Media and analysts' conference 2022 March 7, 2022 3

  4. Slide 4: Overall Review

    Overall Review François Frôté – Chairman of the Board

  5. Slide 5: Key Financials 2021

    Overall Review Key Financials 2021 in MCHF 2021 2020 Net sales 171.5 103.4 EBITDA 24.6 -23.6 EBIT 20.6 -27.7 Net result 20.3 -29.9 Free cash flow 30.8 -3.1 Net cash / (debt) 26.6 -5.0 Media and analysts' conference 2022 March 7, 2022 5

  6. Slide 6: Financial Results

    Financial Results Stéphane Pittet – Chief Financial Officer

  7. Slide 7: Order Intake

    Financial Results 2021 Order Intake 108.8% 104.6 MCHF 144.3% 42.8 81.3% 100.0 55.2 2020 2021 2 HY 1 HY 2nd half year stabilized at a high level, comparable with the 1st half Media and analysts' conference 2022 March 7, 2022 7

  8. Slide 8: Order Intake

    Financial Results 2021 Order Intake 2020  Growth in all categories 13%  Very encouraging market 47% extension in Automotive for 21% applications not linked to the internal combustive engine 12% 7%  Strong development in the 2021 medical industry, especially in the dental area 19% 37%  The pneuma

  9. Slide 9: Order Intake

    Financial Results 2021 Order Intake  Growth in all regions 2020 11%  Europe remaining dominant 51%  Entry in Brazilian market to 38% support Americas  Asia hampered by COVID-19 2021 restrictions severely limiting 14% travel and opportunities to visit existing and prospective customers 30% 56% Pr

  10. Slide 10: Net Sales

    Financial Results 2021 Net Sales MCHF 65.9% 171.5 103.4 2020 2021 Circular economy in Customer Services sustaining growth Media and analysts' conference 2022 March 7, 2022 10

  11. Slide 11: Net Sales

    Financial Results 2021 Net Sales 2020  Growth in all machine categories 5% 35%  Highest backlog in Swiss- made machines 60% 2021 2% 37 % 61% Sharp ramp-up in 2021 only possible thanks to our inventory at the beginning of the year Media and analysts' conference 2022 March 7, 2022 11

  12. Slide 12: Income Statement

    Financial Results 2021 Income Statement in % of in % of in MCHF 2021 Sales 2020 Sales Net sales 171.5 103.4 Gross profit 66.4 38.7% 11.9 11.5% Marketing and sales -25.1 -14.6% -22.4 -21.7% General and administrative expense -15.4 -9.0% -15.6 -15.1% Research and development -6.0 -3.5% -5.2 -5.1% Othe

  13. Slide 13: Income Statement

    Financial Results 2021 Income Statement in % of in % of in MCHF 2021 Sales 2020 Sales EBIT 20.6 12.0% -27.7 -26.8% Financial income/expense -0.2 -0.1% -0.1 -0.1% Exchange result net 0.3 0.2% -1.7 -1.6% EBT 20.7 12.0% -29.5 -28.5% Income taxes -0.3 -0.2% -0.4 -0.4% Net results 20.3 11.9% -29.9 -28.9%

  14. Slide 14: Underlying Performance

    Financial Results 2021 Underlying Performance Result, adjusted for stock provision release of MCHF 9.8 and gain on MCHF 0.7 sales of building Media and analysts' conference 2022 March 7, 2022 14

  15. Slide 15: Change in EBIT

    Financial Results 2021 Change in EBIT MCHF Limited cost increases compared to sales evolution Media and analysts' conference 2022 March 7, 2022 15

  16. Slide 16: Balance Sheet

    Financial Results 2021 Balance Sheet Assets in MCHF Liabilities in MCHF 0.1 26.8 17.3 46.0 22.3 22.1 16.1 Cash 27.9 Financial liabilities Receivables Operating liabilities Inventories Non-current assets 74.3 69.4 Shareholders' equity 98.8 77.9 21.7 25.4 2021 2020 2021 2020 Net cash 26.6 -5.0 Equity

  17. Slide 17: Cash Flow

    Financial Results 2021 Cash Flow in MCHF 2021 2020 Cash Flow before net working capital changes 14.8 -10.7 Net working capital changes 15.5 7.3 Cash Flow from investing activities 0.5 0.3 Free Cash Flow 30.8 -3.1 All loans have been repaid Media and analysts' conference 2022 March 7, 2022 17

  18. Slide 18: In a Nutshell

    Financial Results 2021 In a Nutshell  Strong rebound in the order intake, the sales and the net result  Cost base maintained at a low level, offering a base for leveraged performance  Strong net cash position  Faced significant challenges regarding the availability of and cost increases for raw

  19. Slide 19: Calendar of Events

    Financial Results 2021 Calendar of Events  April 13 Annual General Meeting 2022 (no physical meeting)  August 10 Publication Half-Year Report 2022 Media and analysts' conference 2022 March 7, 2022 19

  20. Slide 20: Management Report

    Management Report Michael Hauser – Chief Executive Officer

  21. Slide 21: Highly gratifying results for fiscal year 2021

    Management Report Highly gratifying results for fiscal year 2021 Media and analysts' conference 2022 March 7, 2022 21

  22. Slide 22: Focusing on innovative solutions that give customers a competitive edge

    Strategy Focusing on innovative solutions that give customers a competitive edge Internationalize Strengthen our Grow through our business flexibility Innovation Establish Tornos’ Enhance our operational Deliver unique services as a excellence solutions for targeted differentiator market segments Me

  23. Slide 23: São Paulo, Brazil

    Internationalization São Paulo, Brazil Media and analysts' conference 2022 March 7, 2022 23

  24. Slide 24: Kąty Wrocławskie, Poland

    Internationalization Kąty Wrocławskie, Poland Media and analysts' conference 2022 March 7, 2022 24

  25. Slide 25: KPIs

    Internationalization KPIs Production Orders FTE # units produced # units 5% 42% 41% 38% 62% 30% 54% 14% 14% Switzerland Asia Switzerland Europe Switzerland Asia Americas Switzerland (Temp. work force) Rest of World Tornos today is more internationally positioned than ever and this is evident in term

  26. Slide 26: Marketing Expenses

    Flexibility Marketing Expenses 2,90% 2,40% 1,80% 1,60% 2018 2019 2020 2021 Marketing expenses in % of Sales While pandemic-related travel restrictions limits our trade show presence, our ongoing digital transformation yielded savings in areas like marketing. Media and analysts' conference 2022 March

  27. Slide 27: Swiss DT range

    Innovation Swiss DT range Media and analysts' conference 2022 March 7, 2022 27

  28. Slide 28: SwissDECO and MultiSwiss

    Innovation SwissDECO and MultiSwiss Media and analysts' conference 2022 March 7, 2022 28

  29. Slide 29: TISIS: programming and communication software

    Innovation TISIS: programming and communication software Media and analysts' conference 2022 March 7, 2022 29

  30. Slide 30: DECO 10 Plus

    Differentiation DECO 10 Plus Media and analysts' conference 2022 March 7, 2022 30

  31. Slide 31: Assembly line plant Switzerland

    Excellence Assembly line plant Switzerland Media and analysts' conference 2022 March 7, 2022 31

  32. Slide 32: New plant in Taiwan

    Excellence New plant in Taiwan Media and analysts' conference 2022 March 7, 2022 32

  33. Slide 33: Dependence on Automotive industry

    Segmentation Dependence on Automotive industry 8% 36% 56% Others Automotive Automotive (Internal combustion engine) Tornos' product line grew 182% in 2021 versus the previous year, but we have reduced our dependence on the Automotive industry. Media and analysts' conference 2022 March 7, 2022 33

  34. Slide 34: SwissNano

    Segmentation SwissNano 11% 8% 21% 60% Medical & Dental Micromechanics Electronics Others Tornos' SwissNano product line grew by 267% in 2021 versus the previous year, driven by demand from Medical & Dental which accounted for 60% of SwissNano sales. Media and analysts' conference 2022 March 7, 2022

  35. Slide 35: MultiSwiss application extension

    Segmentation MultiSwiss application extension I. Dental implant Cycle time Current technology 150 sec MultiSwiss 6x16 35 sec Savings: 77% Polyaxial screw Locking screw Polyaxial head II. Trauma/maxillofacial screw Cycle time Current technology 200 sec MultiSwiss 8x26 45 sec Savings: 78% Media and an

  36. Slide 36: Outlook

    Management Report Outlook Media and analysts' conference 2022 March 7, 2022 36

  37. Slide 37: Questions and answers

    TORNOS Questions and answers

  38. Slide 38: Inquiries

    Tornos Holding Ltd. Inquiries Investor relations Stéphane Pittet +41 32 494 42 33 / pittet.s@tornos.com investors@tornos.com / communications@tornos.com For more details on Tornos Group, please refer to www.tornos.com Media and analysts' conference 2022 March 7, 2022 38

  39. Slide 39: Disclaimer

    Tornos Holding Ltd. Disclaimer Tornos Holding Ltd. is confirming its best efforts to present accurate and up- to-date information in this document, Tornos Holding Ltd. gives no representation or warranty, expressed or implied, as to the accuracy or completeness of the information provided herein and

  40. Slide 40: We keep you turning

    TORNOS We keep you turning

  41. Slide 41: Thank you for your attention

    THANK YOU FOR YOUR ATTENTION.

Tornos Holding — FY2021 Earnings Presentation on 6ix