Slide 1: Full-Year Results 2021
Full-Year Results 2021 March 15, 2022
Slide 2: Disclaimer
Disclaimer The information in this presentation relating to the business performance of the Bystronic Group is of a summary nature only. The information published in the Annual Report 2020 of Conzzeta AG, the company that preceded Bystronic AG until the end of April 2021, the Annual Report 2021 of B
Slide 3: Agenda
Full-Year Results 2021 Agenda Highlights 2021 Alex Waser Market environment and strategy execution Alex Waser Financial review Beat Neukom Outlook 2022 Alex Waser Q&A Alex Waser Beat Neukom Note: unless indicated otherwise, all figures refer to Bystronic’s continuing operations
Slide 4: Highlights 2021
Highlights 2021 Order intake +51.2% to CHF 1.2 billion Net sales +17.2% to CHF 939.3 million EBIT +67.0% to CHF 70.1 million Free cash flow +32.0% to CHF 64.8 million © Bystronic | Full-Year Results 2021 4
Slide 5: Positive market dynamics in 2021 despite supply chain challenges
Positive market dynamics in 2021 despite supply chain challenges European Machine Tool Industries 1 World Container Index 2 China’s Manufacturing PMI 3 53.0 11000 120 52.0 9000 80 51.0 7000 5000 50.0 40 3000 49.0 0 1000 48.0 2018 Q4 2017 Q1 2019 2019 Q1 2020 2020 Q1 2021 2021 Q1 2022 E 2022 E May 20
Slide 6: We achieved strong organic sales growth in all regions
We achieved strong organic sales growth in all regions Industries • Strong demand from the agricultural, construction, steel processing services, machinery and semi- Americas conductor sectors Order intake +98% • Slower recovery only in the Net sales +17% China automotive industry Order intake +17%
Slide 7: We diligently implemented our strategy with regard to all growth pillars
We diligently implemented our strategy with regard to all growth pillars Strategy 2025 Systems • Focus on innovation and automation • New production facility and Brand Experience Center in the US Systems • Expansion in all market segments, Cutting.Bending.Automation. + portfolio expansion especially
Slide 8: Our targeted M&A activities are on track – and we are ambitious for more
Our targeted M&A activities are on track – and we are ambitious for more March 2021 November 2021 100% following the successful Acquisition of Acquisition of the remaining 30% minority innovation partnership stake Joint development of software solutions to Strenghening of the portfolio for automatio
Slide 9: Agenda
Full-Year Results 2021 Agenda Highlights 2021 Alex Waser Market environment and strategy execution Alex Waser Financial review Beat Neukom Outlook 2022 Alex Waser Q&A Alex Waser Beat Neukom Note: unless indicated otherwise, all figures refer to Bystronic's continuing operations
Slide 10: We report strong growth for all key figures
We report strong growth for all key figures in CHF million 2021 2020 Δ in % Δ in % at CER Order intake 1,175.5 777.4 51.2 51.3 Net sales 939.3 801.3 17.2 16.6 Systems business 733.9 642.9 14.2 - Service business 205.4 158.4 29.7 - Operating result (EBIT) 70.1 42.0 67.0 - EBIT margin 7.5% 5.2% - - Ne
Slide 11: We achieved higher EBIT and profitability despite supply chain constraints
We achieved higher EBIT and profitability despite supply chain constraints Business CHF 6 m growth and provisions transformation Strong EBIT growth of 67.0% CHF 70 m Profitability improved to 7.5% CHF 42 m vs. 5.2% in 2020 Development of profitability • Investments in service business – additional 8
Slide 12: Supply chain constraints impacted our performance – especially in H2
Supply chain constraints impacted our performance – especially in H2 in CHF million 2021 2020 Δ in % H1 2021 H2 2021 Material costs Net sales 939.3 801.3 17.2 440.7 498.6 Stable material quote in H2 1 vs. expected improvements: Other operating income 7.3 5.9 - 4.1 3.2 savings in procurement offset b
Slide 13: Our asset-light business model results in a strong operating free cash flow
Our asset-light business model results in a strong operating free cash flow Cash flow development in CHF million 2021 2020 Δ in % • Strong cash flow growth due to solid net working capital management and Operating cash flow 83.2 54.3 53.2 business model based on advance payments from customers Capit
Slide 14: We maintain low net operating assets thanks to our well-established payment policy
We maintain low net operating assets thanks to our well-established payment policy Continued strong balance sheet NOA slightly lower in CHF million 2021 2020 despite high sales growth Cash / liquid assets 495.7 255.1 – based on advance payments from customers Trade receivables 133.7 111.9 from stron
Slide 15: Our shareholders are paid out a part of the excess liquidity
Our shareholders are paid out a part of the excess liquidity Dividend history Per year of distribution, in CHF per class A registered share 27% return from dividends on shares purchased at 60 the beginning 2019 1 Total distributed 40 during Future 6060 6060 transformation dividend policy 20 4848 424
Slide 16: Bystronic remains well capitalized to pursue further organic growth and M&A opportunities
Bystronic remains well capitalized to pursue further organic growth and M&A opportunities Free cash flow Capital allocation 2021, in CHF million 355.8 355.8 We maintain high liquidity for Bystronic of ~CHF 370 m Future growth Continued strong equity ratio of 231.6 opportunities 291.0 62% after the d
Slide 17: Agenda
Full-Year Results 2021 Agenda Highlights 2021 Alex Waser Market environment and strategy execution Alex Waser Financial review Beat Neukom Outlook 2022 Alex Waser Q&A Alex Waser Beat Neukom Note: unless indicated otherwise, all figures refer to Bystronic's continuing operations
Slide 18: We are confident to achieve further growth in 2022 – despite challenging procurement markets
We are confident to achieve further growth in 2022 – despite challenging procurement markets Market environment Financial 2022 Mid-term 2025 indications • Longer sourcing and delivery times coupled with higher costs Order intake < 2021 levels (growth in %) due to high catch-up effects n.a. • Impleme
Slide 19: © Bystronic | Full-Year Results 2021
© Bystronic | Full-Year Results 2021 19
Slide 20: Questions & Answers
Questions & Answers
Slide 21: Appendix
Appendix
Slide 22: Key figures: continuing operations and total group
Key figures: continuing operations and total group Bystronic Total Group in CHF million 2021 2020 Δ in % 2021 2020 Δ in % Order intake 1,175.5 777.4 51.2 - - - Net sales 939.3 801.3 17.2 1,122.9 1,283.5 (12.5) Operating result (EBIT) 70.1 42.0 67.0 (18.7) 79.7 (123.5) EBIT margin 7.5% 5.2% - (1.7)%
Slide 23: Details of transformation during 2021
Details of transformation during 2021 Schmid Rhyner FoamPartner Mammut Divestment effective on Feb 28, 2020 March 31, 2021 June 30, 2021 Sales contribution 2 months in 2020 3 months in 2021 6 months in 2021 in 2020 in CHF m 6.9 256.9 218.4 in 2021 in CHF m - 76.3 107.3 Cash inflow from divestment in
Slide 24: Financial calendar
Financial calendar 2022 March 21-22, 2022 2021 Full-Year results roadshow March 30, 2022 Kepler Swiss Equities Conference April 14, 2022 Trading update Q1 April 26, 2022 Annual General Meeting June 1, 2022 Swiss Equities Conference Interlaken July 7, 2022 Credit Suisse ESG Forum July 20, 2022 2022 H
Slide 25: Contacts
Contacts Beat Neukom Patrizia Meier Michael Präger Chief Financial Officer Head of Investor Relations Chief Communications & ESG Officer Contact: Contact: Contact: michael.praeger@bystronic.com investor@bystronic.com patrizia.meier@bystronic.com +41 79 870 01 43 +41 62 956 40 79 +41 79 637 46 33 © B