Pva Tepla Ag · XETR:TPE
Pva Tepla — FY2023 Earnings Presentation
20 slides from Pva Tepla's earnings presentation, Mar 20, 2024
Slide 1: FY 2023 Presentation
FY 2023 PRESENTATION 20 March 2024
Slide 2: Agenda
AGENDA BUSINESS HIGHLIGHTS FY 2023 FINANCIALS FY 2023 STRATEGY AND OUTLOOK 2
Slide 3: Highlights 2023
HIGHLIGHTS 2023 LOOKING BACK ON A SUCCESSFUL YEAR Significant increase in revenue and earnings, ambitious guidance repeatedly exceeded Order intake remains at a very high level with further diversification of order book Customer base broadened: addressing new growth markets begins to take effe
Slide 4: ESG Update
ESG UPDATE PROGRESS TOWARDS CO2 NEUTRALITY Construction work of new facilities in Wettenberg, Germany, and Schio, Italy with special focus on sustainability nearly finished With the expansion of own PV generation and switch of our electricity procurement to certified green energy, we reduced CO2
Slide 5: Agenda
AGENDA BUSINESS HIGHLIGHTS FY 2023 FINANCIALS FY 2023 STRATEGY AND OUTLOOK 5
Slide 6: Key Figures
KEY FIGURES STRONG GROWTH AND SOLID ORDER SITUATION Both, sales and earnings above forecast Robust order situation Order Intake Sales Order backlog in the Industrial Systems segment with EUR 221.8 m EUR 263.4 m EUR 103.9 m (2022: EUR 104.4 m) virtually on previous year's level ↘️ 5.6% ↗ 28.4%
Slide 7: Order Intake
ORDER INTAKE OVERALL ROBUST LEVEL, BUT SHIFT IN MIX WITH SHORTENED LEAD TIMES Year to Year Region Order intake at EUR 221.8 m, 5.6% [EURm] [EURm] below previous year´s high level of EUR 235 m America Well diversified order book: Asia Asia 30%, Germany 18%, Europe (ex- 235.0 -5.6% 11% 221.8 Germa
Slide 8: Group Sales
GROUP SALES BOTH SEGMENTS PROVIDED CONTINUED STRONG GROWTH Year to Year Segment Split Both divisions benefit from [EURm] [EURm] megatrends, e.g. digitization, +28% decarbonization and mobility 263.4 Diversified portfolio starts paying off: By generating sales from a 205.2 variety of sectors, we
Slide 9: Group Profit
GROUP PROFIT SOARED ON ALL LEVELS Gross Profit EBITDA EBIT [EURm] [EURm] [EURm] +31% +38% +37% 77.5 41.5 34.4 59.1 30.0 25.1 (margin) 28.8% 29.4% (margin) 14.6% 15.8% (margin) 12.2% 13.0% 2022 2023 2022 2023 2022 2023 9
Slide 10: Semiconductor
SEMICONDUCTOR BALANCED SALES DISTRIBUTION Sales EBITDA and margin Order intake [EURm] [EURm] [EURm] +28% +34% -7% 186.1 152.6 142.4 34.0 145.7 25.4 (margin) 17.4% 18.3% 2022 2023 2022 2023 2022 2023 10
Slide 11: Industrial
INDUSTRIAL DEMAND FROM AEROSPACE, MEDICAL TECHNOLOGY AND OPTICAL INDUSTRIES Sales EBITDA and margin Order intake [EURm] [EURm] [EURm] +30% +45% -4% 77.4 82.4 79.4 13.1 59.5 9.1 (margin) 15.2% 17.0% 2022 2023 2022 2023 2022 2023 11
Slide 12: Agenda
AGENDA BUSINESS HIGHLIGHTS FY 2023 FINANCIALS FY 2023 STRATEGY AND OUTLOOK 12
Slide 13: Where We Are Going: Growing into Balanced Revenue Streams
WHERE WE ARE GOING GROWING INTO BALANCED REVENUE STREAMS Technology Split Growth Drivers Regional Split Metrology America Decarbonization + Asia + Mobility Digitization Europe Material Solutions Growing business activity supported by investing in infrastructure, workforce, capacity and innovation 13
Slide 14: Metrology Systems
METROLOGY SYSTEMS METROLOGY HAS PROVEN TO BE AN IMPORTANT GROWTH DRIVER Revenue Split 2015 Revenue Split 2023 Metrology Metrology Material Material Solutions Solutions Since 2015, metrology sales grew by more than 500%, at a CAGR of >25% The global industrial metrology market size was valued at
Slide 15: Where We Are Going: Strong Megatrends
WHERE WE ARE GOING OUR GROWTH IS SUPPORTED BY STRONG MEGATRENDS We have identified numerous growth opportunities Decarbonization arising from sustainable megatrends, further + expanding our position in mobility and decarbonization + With our solutions in the areas of mobility and Mobility decarb
Slide 16: Where We Are Going: Broadening International Customer Base
WHERE WE ARE GOING BROADENING INTERNATIONAL CUSTOMER BASE WITH FOCUS ON NORTH AMERICA America Over the past decades, we have developed a strong customer base in Europe and Asia Asia Through investments in our sales and service infrastructure, we are aiming to further expand our footprint custome
Slide 17: PVA Technology Hub
PVA TECHNOLOGY HUB UTILIZING THE SILICON CARBIDE POTENTIAL Initiated in 2023, the PVA Technology Hub will soon be operational Continuation of the company's evolution from a pure systems supplier to a solution provider Strengthening R&D capacities to be equipped for future materials Strong focu
Slide 18: Financial Guidance
FINANCIAL GUIDANCE SHORT- AND MID-TERM 2024/2025 • FY2024 sales targeted to reach between EUR 270 m and EUR 290 m with earnings before interest, tax, depreciation and amortisation (EBITDA) ranging from EUR 47 m to EUR 51 m • The following year, 2025, is expected to continue to grow at a similar leve
Slide 19: Time for Your Questions
TIME FOR YOUR QUESTIONS SAVE-THE-DATE: CAPITAL MARKETS DAY 16 MAY 2024 IN WETTENBERG
Slide 20: Forward-looking statements disclaimer
This presentation contains forward-looking statements which are based on certain assumptions, expectations and opinions of the management of PVA TePla (the "Company") or cited from third-party sources. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A va