Bertrandt Ag · XETR:BDT
Bertrandt — Q3 2023/2024 Earnings Presentation
16 slides from Bertrandt's earnings presentation, Jul 26, 2024
Slide 1: Welcome to the Analyst Conference
Welcome to the Analyst Conference Markus Ruf, Björn Voss | July 2024
Slide 2: Highlights
Highlights − Persistent short-term uncertainty because of political decisions and changing end-customer behaviour − No general market weakness, yet customer-specific Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss postponements of R&D projects linked to strategic and technical challenges
Slide 3: Automotive market: challenging environment
Automotive market: challenging environment 3 26.07.2024 Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss
Slide 4: Prel. 9m 2023/2024 at a glance
Prel. 9m 2023/2024 at a glance Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss Total sales Employees EBIT FCF EUR 921m 14,273* EUR 15m EUR +25m +7% yoy +2% yoy, -2% qoq -54% yoy (9m 22/23: *w/o Centum EUR -13.968m) 26.07.2024 4
Slide 5: Prel. Q3 2023/2024 at a glance
Prel. Q3 2023/2024 at a glance Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss Total sales EBIT Personnel expenses ratio EUR 294m EUR -7m 76% +3% yoy -15m yoy (Q3 22/23: 73.8%) 26.07.2024 5
Slide 6: Highlights prel. 9m 2023/2024
Highlights prel. 9m 2023/2024 − Total sales up by +7% yoy (+63m yoy) to EUR 921m − EBIT of EUR 15m (-54% yoy) in 9m 2023/2024 Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss − No segments reporting availble yet − Uneven capacity utilization, fewer working days (-1.3 yoy), one-off effects
Slide 7: Continued topline growth
Continued topline growth EUR 858m EUR 921m − Total sales up by EUR +63m (+7% yoy) in 9m 2023/2024 9m 2022/2023 9m 2023/2024 1.000.000 − Strong growth abroad, but weaker demand at certain German locations Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss 800.000 c. 294.000 285.092 − Adverse
Slide 8: EBIT impacted by volatile capacity call-offs and one-off items
EBIT impacted by volatile capacity call-offs and one-off items 9m 2022/2023 9m 2023/2024 − Reduced capacity demand led to uneven and unfavorable 35.000 capacity utilization since Q2 2023/2024 EUR 33m EUR 15m 30.000 8.690 − Personnel expenses declined in Q3 because of reduction in Bertrandt AG I Anal
Slide 9: Adjusted forecast
Adjusted forecast − Temporary weaker capacity demand more persistent than assumed so far − In a generally challenging market environment some customers are rethinking their strategic positioning or facing technical challenges which resulted in project/product postponements Bertrandt AG I Analyst Con
Slide 10: Fit For Future: comprehensive optimization programm implemented
Fit For Future: comprehensive optimization programm implemented Portfolio measures Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss ▪ Target utilization for Restructuring costs machinery/equipment Benefit ▪ Evaluation of BUs based Low to mid double-digit million Euro Double-digit million E
Slide 11: Forecast FY 2023/2024 and mid-term target
Forecast FY 2023/2024 and mid-term target Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss Total EBIT Positive 25-40 Revenues Significantly down yoy (FY 22/23: EUR 50.1m) Moderately up yoy Cash flow million Euro FY 22/23: EUR 1.157m 6-9% from operating activities CapEx Mid-term target 26.0
Slide 12: Q&A
Markus Ruf, Björn Voss Q&A 12 26.07.2024 Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss
Slide 13: Thank you very much
Thank you very much 13 26.07.2024 Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss
Slide 14: Financial calendar
Financial calendar 05 August 2024 Q3 2022/2023 12 December 2024 FY 2022/2023, Investor, Analyst & Press conferences Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss FY 2022/2023 Annual Report incl. Sustainability Report (ESG) 26.07.2024 14
Slide 15: Contact details
Contact details Bertrandt AG, Birkensee 1, 71139 Ehningen, Germany Bertrandt AG I Analyst Conference | Markus Ruf, Björn Voss Markus Ruf Member of the Board, Finance +49 7034 656 13076 Björn Voss Head of Group Investor Relations and M&A bjoern.voss@bertrandt.com www.bertrandt.com 26.07.2024 15
Slide 16: Disclaimer
Disclaimer This presentation contains, among other things, certain forward-looking statements about future developments that are based on management's current estimates. Such statements are subject to certain risks and uncertainties. If any of these or other uncertainties materialize, or if the assu