Rosenbauer International Ag · VIE:ROS
Rosenbauer International — H1 2024 Earnings Presentation
29 slides from Rosenbauer International's earnings presentation, Aug 9, 2024
Slide 1: Investor & Analyst Presentation
Investor & Analyst Presentation August 09, 2024 Sebastian Wolf | CEO
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: Please read the following before continuing. The following applies to this document, which has been prepared by Rosenbauer International AG (the “Company”, together with its consolidated subsidiaries, the “Group”) solely for discussion purposes in relation to the Company, to th
Slide 3: Agenda
AGENDA 01 Rosenbauer Group at a glance 02 H1 2024 Financial figures 03 Outlook 04 Q&A
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity Story
ROSENBAUER GROUP AT A GLANCE Equity Story Global market leader • System provider of fire-fighting equipment and preventive fire protection • Globally leading producer of fire-fighting vehicles • 11% RB market share of firefighting vehicles (global market volume 2022: ~ 21,300 pcs)* Unrivalled worldw
Slide 6: ESG profile
ROSENBAUER GROUP AT A GLANCE ESG profile Responsibility Development Impact Performance Our customers, fire Targets for diversity / Assembler with a CDP rating B brigades around the gender equality, work conscious consumption VÖNIX rating B globe, are the first line in safety & health, energy, of nat
Slide 7: New orders for RT
ROSENBAUER GROUP AT A GLANCE New orders for RT Five RTs for the Berlin Fire Department • Currently has the world's largest fleet of electric fire-fighting and rescue vehicles • 13-month test phase with almost 1,400 operations and more than 13,000 kilometers covered • Over 90% of operations were cond
Slide 8: Heros H10: The new firefighter helmet
ROSENBAUER GROUP AT A GLANCE Heros H10: The new firefighter helmet Versatile Application Possibilities • Forest fire fighting • Technical assistance • Height and water rescue Standards • Meets five European protection standards • Certified for the European and Australian markets Specifications • Lig
Slide 9: H1 2024 Financial figures
H1 2024 Financial figures
Slide 10: Rosenbauer continues to improve results, strong order intake
H1 2024 FINANCIAL FIGURES Rosenbauer continues to improve results, strong order intake • In the first six months of 2024, the revenue of the Rosenbauer Group grows significantly by 16.1% to € 534.6 million. • In addition to the price adjustments and the reduction in manufacturing costs over the past
Slide 11: Key financial figures H1 2024
H1 2024 FINANCIAL FIGURES Key financial figures H1 2024 in € million H1/2022 H1/2023 H1/2024 Change Revenues 429.7 460.5 534.6 +16.1% EBITDA -8.8 15.1 29.3 +94.0% EBIT -23.2 0.7 14.4 +13.7 Mio € EBIT margin -5,4% -0,2% 2,7% +2.5pp EBT -26.0 -11.2 -3.0 +8.2 Mio € Net profit for the period -11.7 -11.6
Slide 12: Operational turnaround achieved
H1 2024 FINANCIAL FIGURES Operational turnaround achieved in € million Revenues EBIT 534,6 • Revenues in H1 2024 has grown significantly compared to the 460,5 previous two years. 429,7 • The operating result has improved considerably. 14,4 0,7 H1/2022 H1/2023 H1/2024 H1/2022 H1/2023 H1/2024 -23,2 12
Slide 13: Development of revenues
H1 2024 FINANCIAL FIGURES Development of revenues +16.1% in € million +67.4 +19.9 +2.5 534.6 • Rosenbauer Group -2.3 increases sales in H1 -13.4 460.5 2024 by 16.1% to €534.6 million • The sales regions of Area Europe and Area America report higher revenues and together account for H1/2023 Europe Mi
Slide 14: Development of EBIT
H1 2024 FINANCIAL FIGURES Development of EBIT in € million +€ 13.7 m • Operating result has +5.5 14.4 improved significantly -0.2 -0.9 again +1.6 +7.7 • Significantly increased gross profit enables EBIT of €14.4 million after €0.7 0.7 million in 2023 and -€23.2 H1/2023 Europe Middle East Asia- Ameri
Slide 15: Investments, depreciation
H1 2024 FINANCIAL FIGURES Investments, depreciation Investments, depreciation in € million 10,0 9,6 9,5 9,0 • Major investment 6,4 projects: 6,0 • Completion of a training and service center, Singapore • Roll-out of SAP S4/Hana • Capitalization rate R&D: 22.4% (2023: 15.5%) H1/2022 H1/2023 H1/2024 I
Slide 16: Statement of financial position – key figures
H1 2024 FINANCIAL FIGURES Statement of financial position – key figures Change in € million 06/30/2023 06/30/2024 Q1/2023 vs.Q1/2024 Total assets 1,122.5 1,302.4 +16.0% Equity ratio 15.8% 13.5% -2.3%P Capital employed (ø) 642.2 733.6 +14.2% ROCE 0.1% 2.0% +1.9% ROE -6.2% -1.7% +4.5%P Net debt 466.1
Slide 17: Cash Conversion Cycle – current status
H1 2024 FINANCIAL FIGURES Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) Work in Progress Organi- Standardi- 214 536,1 zation zation 206 475,5 H1/2023 H1/2024 Payment Finished Terms 89 Goods 83 78 Client 71 174 163 Procure- 37 ment 32 -6,3%
Slide 18: Trade Working Capital and Financing
H1 2024 FINANCIAL FIGURES Trade Working Capital and Financing Trade Working Capital Financing in € million in € million 263,6% 285,5% 1.200,0 235,0% • Trade Working Capital 1.064,5 972,2 increased to € 536.1 million. 501,5 • Advanced payments 536,1 428,9 466,1 466,9 475,5 make up 24.5%. 182,5 • Cust
Slide 19: Outlook
Outlook
Slide 20: Rosenbauer with a new majority shareholder
OUTLOOK Rosenbauer with a new majority shareholder Current shareholder structure • June 2024: Announcement from Robau to subscribe to the capital increase of Rosenbauer at EUR 35.00 per new share • July 2024: Robau Beteiligungsverwaltung has concluded a 43% 51% binding agreement with BVG for the acq
Slide 21: Order intake / backlog
OUTLOOK Order intake / backlog Order intake / order backlog 2.017,2 Order intake 1-6/2024 by area in € million PFP Asia-Pacific 1.687,6 8% (16%) 2% (3%) 1.334,2 Americas € 744,2 Europe 664,8 744,2 28% (22%) million 45% (53%) 581,4 Middle East & Africa H1/2022 H1/2023 H1/2024 17% (6%) Order intake Or
Slide 22: Outlook 2024
OUTLOOK Outlook 2024 ▪ Economic activity and global trade have strengthened over the course of this year. Against this backdrop, the IMF recently confirmed its growth expectations for the global economy, forecasting 3.2% in 2024 and 3.3% in 2025. ▪ Global inflation is expected to fall from 6.7% in t
Slide 23: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 24: Appendix
Appendix
Slide 25: Executive Board and employee figures
APPENDIX Executive Board and employee figures Andreas Zeller CSO Area Europe I Area Middle East & Africa I Area Asia-Pacific I Area Americas I Customer Service & Digital Solutions I Sales Administration Sebastian Wolf Number of employees (as of reporting date) CEO Global Marketing I Global Product M
Slide 26: Worldwide network of production, service and sales locations
APPENDIX Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Pichling Asten Graz ASIA-PACIFIC Telfs CHINA FRANCE Kunming Meyzieu AMERICAS SINGAPORE GERMANY Lyons, South Dakota Singapore Karlsruhe Fremont, Nebraska PHILIPPINES Luckenwalde Wyoming, Minnesota M
Slide 27: Leading system provider for fire protection
APPENDIX Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2023) Municipal 43% Fire & Safety Equipment ARFF Customer Service 11% Vehicles 74% 14% Aerials Preventive Fire Protection 6% 9% Industrial 10% 4% 3% other revenues 27 | Investor & Analyst P
Slide 28: Rosenbauer share
APPENDIX Rosenbauer share Investor FR 6% H1/2023 H1/2024 Highest price in € 35.1 36.8 Free float** BVG* 43% 51% Lowest price in € 28.8 27.0 Closing share price in € 30.4 35.2 Market capitalization in € million 206.7 239.4 40 Dividend in € 0.0 0.0 30 Dividend yield in % 0.0% 0.0% 20 Earnings per shar
Slide 29: Financial calendar
APPENDIX Financial calendar Tiemon Kiesenhofer August 9, 2024 Publication of the Half-Year Financial Report 2024 Head of Investor Relations +43 (0)664 80 679 6538 November 15, 2024 Publication of the interim statement Q3/2024 Monika Hunjadi Investor Relations Manager +43 (0)676 88 032 4447 ir@rosenb
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