Bekaert Sa · EURONEXT:BEKB
Bekaert Sa — Q1 2024 Earnings Presentation
14 slides from Bekaert Sa's earnings presentation, May 8, 2024
Slide 1: Q1 Trading Update
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Slide 2: Safe harbor
Safe harbor This presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results
Slide 3: Agenda
Agenda 1 Introduction and highlights Yves Kerstens, CEO Financial review 2 Taoufiq Boussaid, CFO Yves Kerstens CEO 3 Outlook Yves Kerstens, CEO 4 Q&A Taoufiq Boussaid CFO 3
Slide 4: Introduction and highlights
Introduction and highlights 4
Slide 5: Solid start to the year, in line with full year expectations
Solid start to the year, in line with full year expectations Sales of €1,025m in Q1 2024: − Down 14% vs Q1 2023 – strong comparison period which benefited from higher priced-in raw material and energy costs, customer restocking in China and FX − Up 5% vs Q4 2023 Management focused on strategy delive
Slide 6: Strategic developments in Q1 2024
Strategic developments in Q1 2024 Recycled-steel tires Nautical SUNRISE project TAILWIND project Goodyear unveiled a tire comprised of Bekaert will provide innovative mooring Bekaert joined the TAILWIND project for 90% sustainable materials using solutions for world’s largest offshore its expertise
Slide 7: Driving growth and expansion of our Sustainable Solutions portfolio
Driving growth and expansion of our Sustainable Solutions portfolio Multiple end-markets Construction Decarb. Energy Transition Lifting & Mooring 65%1 ST/UT tire cord Dramix® Currento® Synthetic ropes Higher tensile strength Up to 50% less steel and Critical element for green Synthetic mooring ropes
Slide 8: Financial review
Financial review 8
Slide 9: Consolidated sales bridge
Consolidated sales bridge Sales in line with expectations amidst lower volumes and phasing out of previous wire rod price increases in millions of € 410 1,194 1,025 * Includes energy costs. 9
Slide 10: Consolidated sales Q1 2024
Consolidated sales Q1 2024 Challenging demand environment in line with expectations Consolidated Sales Variance (%) (in millions of €) Price-mix + Volume = Organic + FX = Growth 1,194 -1.7 -7.5 -4.9 1,025 -14.1% -12.4 -14.1 539 -2.8 Rubber Reinforcement 447 -17.0% -8.2 -6.0 -14.2 -17.0 0.3 327 -4.9
Slide 11: Outlook
Outlook 11
Slide 12: Outlook
Outlook The Group remains confident in its mid-term targets: FY 2024 >5% >10% >20% >50% Whilst economic uncertainties remain, trading has started well across majority of business units and the Group continues to expect modest sales growth and at least stable margins Mid-term 2026 2026 2026 Annual sa
Slide 13: Q&A
Q&A 13
Slide 14: Bekaert
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