R&s Group Holding Ag Pref Class A · SIX:RSGN
R&s Group Holding Ag Pref Class A — R&S Group — Investor Presentation (June 2024)
34 slides from R&s Group Holding Ag Pref Class A's investor presentation, June 2024
Slide 1: R&S Group Investor Presentation June 2024
R&S Group Investor Presentation June 2024
Slide 2: Disclaimer
2 Disclaimer This presentation contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of t
Slide 3: Executive Committee
3 Executive Committee Markus Laesser Matthias P. Weibel Group CEO Group CFO
Slide 4: Table of contents
4 Table of contents 1 Introduction and highlights 2 Strategy 3 Full year 2023 financial results 4 Sustainability 5 Outlook & take aways
Slide 5: Highlights
Review and highlights 5 Highlights Successful year 2023 marked by High employee Secular tailwinds for the strong sales and record engagement across all electricity distribution sector profitability results. Net sales of locations of the Group. driving multi-dimensional CHF 201.6 mn (adjusted) up by
Slide 6: R&S Group is well positioned with its footprint
Introduction and highlights 6 R&S Group is well positioned with its footprint R&S has the DNA of a quality local champion with the necessary scale 120+ distribution partners worldwide Growth 100+ driver in modernisation, years of experience in production1 decarbonisation and decentralisation Strong
Slide 7: Our highly reliable transformer portfolio
Introduction and highlights 7 Our highly reliable transformer portfolio Reliable and highly efficient electrical infrastructure products
Slide 8: Continued significant investment in 2023 to boost future growth
Introduction and highlights 8 Continued significant investment in 2023 to boost future growth
Slide 9: Continued significant investment in 2023 to boost future growth
Introduction and highlights 9 Continued significant investment in 2023 to boost future growth
Slide 10: Strategy
Strategy Markus Laesser | Group CEO
Slide 11: Strong secular market tailwinds for increased electricity demand
Strategy ¦ Market 11 Strong secular market tailwinds for increased electricity demand Secular …combined with massive replacement …drive accelerated transformer tailwinds… requirements…. market growth Expected development of installed power generation capacity (GW) CAGR per region Increase of global
Slide 12: Well-positioned to capture growth from the ubiquity of electrification
Strategy ¦ Market 12 Well-positioned to capture growth from the ubiquity of electrification Changing electricity consumption Rise in traditional demand and the upgrading of grid infrastructure as well as the emergence of new demand through electrification Decarbonisation Expansion of large-scale ren
Slide 13: Strategic roadmap of ongoing & future upside levers
Strategy ¦ Our response 13 Strategic roadmap of ongoing & future upside levers Focus on what we have and accelerate. Create long-term value, based on leading positions M&A potential with selected products and specific countries. Focus on what we do best and offer our engineering expertise, quality a
Slide 14: Culture as a key driver for value creation and growth
Strategy ¦ Leadership 14 Culture as a key driver for value creation and growth Leadership development Objectives Practice and and activities behavior Culture aligned Values Goals with strategy
Slide 15: Strategic Initiatives already executed in 2023
Strategy ¦ Execution 16 Strategic Initiatives already executed in 2023 ISO 14025 / 7 EN 50693 100% acquisition of Tesar Gulf. Listing at Swiss Stock Exchange SIX. Certification @ Tesar (Environmental Product Declaration) Build Market Share Going Public 2023 2024 Drive ESG Excellence Expansion Into N
Slide 16: Full year 2023 financial results
Full year 2023 financial results Matthias P. Weibel | Group CFO
Slide 17: Key messages per 31 December 2023
FY 2023 financial results 18 Key messages per 31 December 2023
Slide 18: Key messages per 31 December 2023
FY 2023 financial results 19 Key messages per 31 December 2023 • In 2023, we managed to grow in all of our core markets, both geographically and by product group. • The share of sales from long-term manufacturing orders (PoC projects) reached over 20% of total sales.
Slide 19: Strong growth of order intake and backlog
FY 2023 financial results 20 Strong growth of order intake and backlog TCHF until Nov. 2023 incl. SERW ORDER BACKLOG REPORTED 185.7 158.9 2022 2023 • Stable backlog 2024 with strong Value Added; continuously high monthly order intake; no margin erosion expected in 2024 in key markets (CH, GER, IT) O
Slide 20: Key financial figures 2023 (adjusted)
FY 2023 financial results 21 Key financial figures 2023 (adjusted)
Slide 21: Consolidated group results 2023 were impacted by three items
FY 2023 financial results 22 Consolidated group results 2023 were impacted by three items Three adjustments at holding level had a significant impact on the annual financial statements. According to FER 24/22, transaction costs may not be offset against equity, but must be expensed as "Listing cos
Slide 22: Consolidated profit & loss statement 2023
Appendix 23 Consolidated profit & loss statement 2023 A Net sales – adjusted net sales without SERW 201.6 MCHF (+40%) – small FX impact: based on prior year avg. exchange rates net A sales would have been 1.9% higher; mainly due to stronger CHF B vs. EUR B Semi-/ finished goods decreased in 2023 as
Slide 23: Continuously increased levels of revenue and value add
FY 2023 financial results 25 Continuously increased levels of revenue and value add Quarterly performance illustrates how operating performance and margins have continuously improved over the last two years. 60.0 50.0 40.0 MCHF 30.0 20.0 10.0 0
Slide 24: Balance sheet and Cash flow: reduction of NWC unlocked cash
FY 2023 financial results 26 Balance sheet and Cash flow: reduction of NWC unlocked cash Net Working Capital Cash (exkl. own shares) Advanced in TCHF Payments from Cash Customers of 15 MCHF Operating Cash Flow
Slide 25: Guidance
Guidance We guarantee energy
Slide 26: R&S to deliver profitable growth on a sustainable basis
Guidance R&S to deliver profitable growth on a sustainable basis 1 2 2023 actual 40% (adjusted) Above 12% 9-12% Around 12% to CHF 201.6 m 18.6% Around 20% Around 20% of net sales of net sales of net sales (adjusted) 15.3 % Mid-teens Mid-teens of net sales double-digit double-digit as % of net sales
Slide 27: Stable shareholder base
Guidance ¦ Corporate Governance 30 Stable shareholder base Per 31 December 2023 Per 31 May 2024 Free float of 50.5% Free float of 57% Not registered Not registered Others Others Janus Henderson Group Plc 14.6% 24.4% Swisscanto Fondsleitung AG 18.7% 21.3% Swisscanto Fondsleitung AG 28.1% LLB Swiss In
Slide 28: Sustainability
Sustainability Matthias P. Weibel | Group CFO
Slide 29: Report on non-financial matters (ESG report)
Sustainability 32 Report on non-financial matters (ESG report) • The non-financial report is separated from the annual report and has been established in accordance with Art. 964a et seqq. of the Swiss Code of Obligations. • We recognize the environmental footprint of our operations and seek to avoi
Slide 30: Implementation of sustainability initiatives across our transformer value chain
Sustainability 33 Implementation of sustainability initiatives across our transformer value chain Everything from the materials that …to how products are designed and perform transformers are made from… supply partnership with production partnership with Grain oriented electrical steel CO2 intesity
Slide 31: Outlook & take aways
Outlook & take aways Markus Laesser | Group CEO
Slide 32: Investment summary for future value creation
Outlook & take aways 35 Investment summary for future value creation 1 Strong secular tailwinds for the electricity distribution sector driving multi-dimensional future growth Well-established leadership positions in selected products and geographies provide a platform to replicate success in 2 attr
Slide 33: Presentation name (Insert > Header and footer)
37 Presentation name (Insert > Header 10.06 and footer) .24
Slide 34: Financial calendar | Contacts
38 Financial calendar | Contacts Financial Calendar Trading update half-year sales 24 July 2024 Half-year results 2024 11 September 2024 Capital Markets Day 31 October 2024 Annual General Meeting 2025 14 May 2025 Contacts Investor Relations: Media: Doris Rudischhauser Nicolas Weidmann Phone: +41 79