Sulzer Ag · SIX:SUN

Sulzer — H1 2023 Earnings Presentation

18 slides from Sulzer's earnings presentation, Jul 25, 2023

  1. Slide 1: Midyear Results 2023

    Midyear Results 2023 Dr. Suzanne Thoma | Executive Chairwoman Thomas Zickler | CFO

  2. Slide 2: Disclaimer

    Disclaimer This presentation may contain forward-looking statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and uncertainties. These forward-looking statements are subject to change base

  3. Slide 3: Highlights H1 2023

    Highlights H1 2023 Continued robust performance in all businesses  Continued order growth in all divisions  Substantial sales increase on robust execution  Substantial increase in profit  Strong cash generation on better cash management, particularly with receivables  Full year guidance increas

  4. Slide 4: Financials H1 2023

    Financials H1 2023 Thomas Zickler | CFO 4

  5. Slide 5: Overview

    Overview Robust performance on all KPIs (in CHF m) H1 2023 H1 2022 +24.1%  Order intake +24.1% 1’992 +15.4% Strong momentum across all end markets 1’734 1’602 Op 1’517 Profitability  Order intake gross margin +20bps +110bps 10.1% 9.0%  Sales +15.4% 162 Solid backlog execution 136  Operational pr

  6. Slide 6: Flow Equipment

    Flow Equipment Rise in order intake, sales and profitability (in CHF m) H1 2023 H1 2022 +25.1% 825 +14.1% 709  Order intake +25.1% 663 632 Energy up, Water and Industry stable Op  Sales +14.1% Profitability Strong growth in Water and Industry +170bps 7.0% 5.3%  Operational profitability +170 bps

  7. Slide 7: Services

    Services Pick up in growth (in CHF m) H1 2023 H1 2022 +22.1% 663  Orders +22.1% +11.3% 588 Double digit growth in EMEA and Americas 558 543 Op  Sales +11.3% Profitability Driven by all regions +90bps 14.2% 13.3%  Operational profitability +90 bps Increased volumes and better mix 79 72 Order intak

  8. Slide 8: Chemtech

    Chemtech Growth across all businesses, continued focus on Renewables (in CHF m) H1 2023 H1 2022 +25.3%  Orders +25.3% 505 All businesses up double digit, continued strong growth +24.3% 437 in Renewables (+79%) 381 342  Sales +24.3% Op Solid order backlog execution Profitability +180bps  Operation

  9. Slide 9: Strong rise in EBIT and Net Income

    Strong rise in EBIT and Net Income Profitability up on increased volumes and operational improvements (in CHF m) H1 2023 H1 2022 Adj. +41.6% 151 +48.6% 104  H1 2022 figures presented exclude one-off 107 impacts from Russia and Poland 70  EBIT impact -133m  Net Income impact -119m EBIT Net Income

  10. Slide 10: Free cash flow

    Free cash flow FCF significantly up on better cash management (in CHF m) H1 2023 H1 2022  Free Cash Flow +185m 107  Higher profitability  Operational improvements yield first results  Strong cash conversion on higher Net Income (78) 58 Free cash flow July 25, 2023 Midyear Results 2023 10

  11. Slide 11: Guidance and Strategic Perspective

    Guidance and Strategic Perspective Dr. Suzanne Thoma | Executive Chairwoman 11

  12. Slide 12: Full Year Guidance 2023

    Full Year Guidance 2023 Profitable growth Operational Order Intake growth1 Sales growth1 Profitability2 % up 10-14% up 11% – 13% around 11.0% 1 Organic and adjusted for FX 2 Operational EBITA as a percentage of sales July 25, 2023 Midyear Results 2023 12

  13. Slide 13: Strategic perspective

    Strategic perspective Realize Business and operational Growth excellence throughout the Potential Sulzer value chain Strong Sulzer brand with 190 years of heritage July 25, 2023 Midyear Results 2023 13

  14. Slide 14: Operational excellence and value creation

    Operational excellence and value creation Attractive long-term strategic growth perspectives Business and operational excellence  Sulzer in growing markets  Value creation and customer satisfaction  Multiple leadership positions in all divisions  Finance and implement strategy  Attractive oppor

  15. Slide 15: Take aways

    Take aways  Continued strong growth in all businesses. Sulzer markets with growth potential  Margin expansion in all divisions, particularly in Flow Equipment and Chemtech  Sulzer well positioned in markets that undergo transformation: energy efficiency, energy security, sustainability, ecologica

  16. Slide 16: Questions?

    Questions? SULZER

  17. Slide 17: Thank you for your attention

    Thank you for your attention 17

  18. Slide 18: Contact

    Thomas Zickler Sulzer Management Ltd Contact CFO P +41 52 262 33 15 Neuwiesenstrasse 15 E thomas.zickler@sulzer.com 8401 Winterthur Switzerland sulzer.com July 25, 2023 Midyear Results 2023 18

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