Konecranes Oyj · OMXHEX:KCR

Konecranes Oyj — Konecranes Plc Ord — Q3 2024 Earnings Presentation

31 slides from Konecranes Oyj's earnings presentation, Oct 25, 2024

  1. Slide 1: Q3 2024 Report

    October 25, 2024 Q3 2024 Report Anders Svensson, Presidentand CEO Teo Ottola, CFO

  2. Slide 2: Important Notice

    Important Notice The following applies to this presentation, the oral presentation of the information in this presentation by Konecranes Abp (the “Company” or “Konecranes”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, t

  3. Slide 3: Agenda

    Agenda Anders Svensson 1. Quarter’s highlights p. 4 President and CEO 2. Market environment p. 5 3. Group financial performance p. 7 4. Demand outlook & financial guidance p. 11 Teo Ottola 5. Group profitability bridge p. 14 CFO 6. Business segments p. 15 7. Net working capital & free cash flow p. 1

  4. Slide 4: Q3 2024 – Continued strong performance

    Q3 2024 –Continued strong performance Order intake Net sales (MEUR) (MEUR) Demand environment remained healthy in Q3 +12% +6% • Orders +12.5% Y/Y (comp. FX) 1,005 1,070 956 853 • Sales €1.1 billion, +6.8% Y/Y (comp. FX) All-time high Q3 comparable EBITA-% of 13.4% • Y/Y profitability improvement dri

  5. Slide 5: Market environment – Service and Industrial Equipment

    Market environment – Service and Industrial Equipment EU capacity utilization rate, % US capacity utilization rate, % Manufacturing PMIs – Brazil, India & China Brazil India China 75 Brazil India China 90 European Union (27 countries) 90 Total industry Manufacturing 70 85 85 65 80 80 77.5 60 75 77.9

  6. Slide 6: Market environment – Port Solutions

    Market environment – Port Solutions RWI/ISL Container Throughput Index (2015 = 100) Monthly index change Y/Y, % 160 20 140 134,4 15 120 10 100 5 80 +8% 0 Y/Y 8/2024 60 -5 40 -10 20 -15 0 -20 8/14 8/15 8/16 8/17 8/18 8/19 8/20 8/21 8/22 8/23 8/24 8/14 8/15 8/16 8/17 8/18 8/19 8/20 8/21 8/22 8/23 8/24

  7. Slide 7: Group order intake and net sales

    Group order intake and net sales Order intake, MEUR(1) Order intake 1500 1088 +12.1% +12.5% 956 Y/Y reported Y/Y comp. FX 1000 853 • EUR 956.2 million • Increase in Service and Ports, decrease in 500 Industrial Equipment • Increase in EMEA, decrease in the 0 Americas and APAC Q3/22 Q4/22 Q1/23 Q2/23

  8. Slide 8: Group order book

    Group order book Order book, MEUR Service Industrial Equipment Port Solutions Order book 4500 -13.2% -12.2% Y/Y reported Y/Y comp. FX 3750 • EUR 2,847.4 million 3282 3052 • Decrease in Service, Industrial Equipment 2847 and Port Solutions 3000 • Orderbook remains on a good level historically 2250 15

  9. Slide 9: Group comparable EBITA

    Group comparable EBITA Comparable EBITA, MEUR & margin-% Comp. EBITA C. EBITA-% R12M c. EBITA-% Comparable EBITA 175 13.4% +1.1 pp 13.4% margin Y/Y 150 143 12.3% • EUR 143.1 million 12.6% 125 10.8% 123 • Comparable EBITA-% increase in Service, 11.3% Industrial Equipment and Port Solutions 9.5% 95 •

  10. Slide 10: Progress towards Konecranes' financial targets

    Progress towards Konecranes’ financial targets Group Service Industrial Equipment Port Solutions Target: 12-15%(1) Target: 20-24%(1) Target: 8-10%(1)(2) Target: 9-11%(1) 21,0% 19,9% 18,5% 18,6% 17,2% 16,6% 12,6% 11,4% 9,8% 9,5% 8,3% 8,2% 8,3% 8,8% 7,8% 7,4% 7,5% 7,0% 6,3% 5,6% 3,5% 2,3% 2,7% 1,5% 20

  11. Slide 11: Demand outlook

    Demand outlook Within industrial customer segments: Within port customers: Global container throughput continues on a high level, and long-term prospects related Americas EMEA Asia-Pacific to global container handling remain good overall. Our demand environment within industrial customer segments ha

  12. Slide 12: Financial guidance for 2024

    Financial guidance for 2024 Net sales expected to increase in 2024 compared to 2023. Comparable EBITA margin expected to improve in 2024 compared to 2023. 12

  13. Slide 13: Agenda

    Agenda Anders Svensson 1. Quarter’s highlights p. 4 President and CEO 2. Market environment p. 5 3. Group financial performance p. 7 4. Demand outlook & financial guidance p. 11 Teo Ottola 5. Group profitability bridge p. 14 CFO 6. Business segments p. 15 7. Net working capital & free cash flow p. 1

  14. Slide 14: Q3 2024 comparable EBITA bridge

    Q3 2024 comparable EBITA bridge MEUR(1) 250 200 55 -21 -14 0 143 150 123 100 13.4% 12.3% Comparable EBITA 50 Comparable EBITA margin margin 0 Comparable EBITA Volume, Variable Fixed FX translation Comparable EBITA Q3 2023 pricing & mix costs costs impact Q3 2024 Note (1): Volume, pricing & mix, Vari

  15. Slide 15: Service

    Service Order intake and net sales, MEUR(1) • Increase in field service and parts Orders received Net sales Order intake 600 • Increase in the Americas, EMEA and APAC +3.6% Y/Y reported Agreement base: 369 347 360369 372 392 • EUR 328.9 million , +2.5% Y/Y 400 +4.5% • +4.7% Y/Y comp. FX Y/Y comp. FX

  16. Slide 16: Industrial Equipment

    Industrial Equipment Order intake and net sales, MEUR(1)(2) • External orders -2.7% Y/Y comp. FX Orders received Net sales Order intake • Increase in standard cranes and 600 -2.7% components, decrease in process Y/Y reported cranes(2) 400 334 311 297 301 289 317 -2.1% • Decrease in the Americas, inc

  17. Slide 17: Port Solutions

    Port Solutions Order intake and net sales, MEUR(1) Orders received Net sales Order intake • Increase in the Americas and EMEA, 600 decrease in APAC +44.1% 458 Y/Y reported • Good order intake in Mobile Harbor 401 400 375 Cranes, Straddle Carriers, AGV and Port 334 273 +43.2% Service 232 Y/Y comp. FX

  18. Slide 18: Net working capital and free cash flow

    Net working capital and free cash flow Net working capital, MEUR and percentage of sales (1)(2) Free cash flow, MEUR 600 NWC % of R12M sales R12M FCF FCF 800 500 700 435 424 15.3% 400 600 505 500 300 10.6% 9.6% 406 400 400 187 200 300 100 115 200 0 100 -1 -38 0 -100 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/

  19. Slide 19: Gearing and return on capital employed

    Gearing and return on capital employed Equity & net debt, MEUR and gearing, % Capital employed, MEUR and comp. return on capital employed, % 2000 Equity Net debt Gearing-% Capital employed Comp. ROCE-% 20.4% 1735 4000 1750 56.7% 1508 3500 17.5% 1500 1322 34.3% 3000 13.5% 2691 1250 2510 2470 2500 100

  20. Slide 20: CMD 2025

    @ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and 20 are either registered trademarks or trademarks of Konecranes Global Corporation. CMD 2025 May 20, 2025 London PUBLIC

  21. Slide 21: ce! mam = a

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  22. Slide 22: Appendix

    @ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and 22 are either registered trademarks or trademarks of Konecranes Global Corporation. Appendix PUBLIC

  23. Slide 23: Group R12M sales split

    Group R12M sales split Group R12M sales by segment Group R12M sales by offering type(1) Group R12M sales by region 35% 36% 42% 14% 46% Port Solutions Service Total service APAC EMEA 1494 MEUR 1559 MEUR 1828 MEUR 594 MEUR 1901 MEUR % % % of R12M of R12M of R12M sales sales sales 29% 58% 40% Industria

  24. Slide 24: Service agreement base and order book by segment

    Service agreement base and order book by segment Service agr. base & order book, MEUR Industrial Equipment order book, MEUR Port Solutions order book, MEUR 1000 Order book Agreement base 1600 2000 1833 1586 1537 750 1200 1500 976 972 867 490 477 444 500 800 1000 329 321 316 250 400 500 0 0 0 Q3/22 Q

  25. Slide 25: Group key figures 1/2

    Group key figures 1/2 EUR million 7-9/ 7-9/ Change % Change % 1-9/ 1-9/ Change % Change % 1-12/ 2024 2023 Comp. FX 2024 2023 Comp. FX 2023 Orders received, MEUR 956.2 852.9 12.1 12.5 2,833.0 3,235.4 -12.4 -12.2 4,161.4 Order book at end of period, MEUR 2,847.4 3,282.1 -13.2 3,040.8 Sales total, MEUR

  26. Slide 26: Group key figures 2/2

    Group key figures 2/2 EUR million 1-9/ 1-9/ Change % 1-12/ 2024 2023 2023 ROCE, %, (R12M) 20.3 15.5 31.0 16.4 Return on equity, %, (R12M) 22.0 17.8 23.6 18.2 Equity per share (EUR) 21.90 19.05 15.0 20.14 Net debt / Comparable EBITDA, (R12M) 0.4 1.0 -60.0 0.7 Equity to asset ratio, % 43.1 39.6 8.8 41

  27. Slide 27: Key figures by segment

    Key figures by segment EUR million 7-9/ 7-9/ Change % Change % 1-9/ 1-9/ Change % Change % 1-12/ 2024 2023 Comp. FX 2024 2023 Comp. FX 2023 Service Orders received, MEUR 372.4 359.6 3.6 4.5 1,167.3 1,112.9 4.9 5.5 1,490.7 Agreement base value, MEUR 328.9 321.0 2.5 4.7 328.9 321.0 2.5 4.7 318.3 Sales

  28. Slide 28: Statement of income

    Statement of income EUR million 7-9/ 7-9/ Change % 1-9/ 1-9/ Change % 1-12/ 2024 2023 2024 2023 2023 Sales 1,069.9 1,005.1 6.4 3,014.5 2,817.4 7.0 3,966.3 Other operating income 1.2 1.5 8.9 7.2 9.5 Materials, supplies and subcontracting -488.7 -477.7 -1,285.3 -1,242.0 -1,820.3 Personnel cost -307.9

  29. Slide 29: Balance sheet

    Balance sheet EUR million 30 Sep 30 Sep EUR million 30 Sep 30 Sep 2024 2023 2024 2023 Non-current assets 1,978.5 2,009.0 Total Equity 1,734.7 1,508.5 Goodwill 1,039.4 1,041.9 Non-current liabilities 811.0 1,276.0 Intangible assets 442.6 467.9 Interest-bearing liabilities 429.4 909.5 Property, plant

  30. Slide 30: Cash flow statement

    Cash flow statement EUR million 1-9/ 1-9/ 1-12/ 2024 2023 2023 Operating income before change in net working capital 452.3 365.5 520.7 Change in net working capital -50.1 77.5 121.9 Cash flow from operations before financing items and taxes 402.2 443.0 642.6 Financing items and taxes -109.3 -66.7 -8

  31. Slide 31: Thank you

    Thank you are either registered trademarks or trademarks of Konecranes Global Corporation. @ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and Contact information Kiira Fröberg Vice President, Investor Relations Email: kiira.froberg@konecranes.com, tel: +358 20 427 2050 Ru

Konecranes Plc Ord — Q3 2024 Earnings Presentation on 6ix