R. Stahl Aktiengesellschaft · XETR:RSL2
R. Stahl Aktiengesellschaft — R. Stahl — Solventis Aktienforum 2023
25 slides from R. Stahl Aktiengesellschaft's conference presentation, Mar 30, 2023
Slide 1: Pioneering Our Way Into the Future
PIONEERING OUR WAY INTO THE FUTURE Solventis Aktienforum 30 March 2023
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared by R. STAHL AG and is solely for information purposes. It may not be reproduced, distributed or published without the prior consent of R. STAHL AG. This presentation contains forward-looking statements. Such forward-looking statements are based on certain as
Slide 3: Agenda
AGENDA 1 Company Overview 2 Driving Strategy: EXcellence 2023 - 2030 3 Business Update 4 Appendix Solventis Aktienforum 30 March 2023 3
Slide 4: R. STAHL Today – A Leading Global Player with a 100% Focus on Electrical Explosion Protection
R. STAHL TODAY – A LEADING GLOBAL PLAYER WITH A 100% FOCUS ON ELECTRICAL EXPLOSION PROTECTION Global market shares of relevant competitors1) Market #2 in Europe in explosion protection, #3 worldwide Position Markets & Chemicals, Pharma, Gas/LNG/Hydrogen, Oil, Small Total Market Customers Shipbuildin
Slide 5: Explosions Occur When Mixtures of Combustible Substances and Oxygen Meet an Ignition Source
EXPLOSIONS OCCUR WHEN MIXTURES OF COMBUSTIBLE SUBSTANCES AND OXYGEN MEET AN IGNITION SOURCE Basic principle of explosions 100 vol% 0 vol% Combustible substance Hydrogen • Gases (e.g., natural gas, hydrogen, etc.) • Liquids (e.g., gasoline, alcohol, solvents, etc.) Mixture too rich 74% partial • Disp
Slide 6: We Serve Process Industries That Handle Potentially Explosive Dusts, Liquids and Gases
WE SERVE PROCESS INDUSTRIES THAT HANDLE POTENTIALLY EXPLOSIVE DUSTS, LIQUIDS AND GASES World market by industry sectors – IECEx/ATEX 2017-2022 Other CAGR4) (2021-2025e) Oil and gas 2) 16 20 Oil and gas 3.2% Shipbuilding Petrochemical sector 3.1% 5 Chemical industry 3.7% Total Market Food industry 2.
Slide 7: With Our Balanced Sales Breakdown, We Benefit from Megatrends in All Industries
WITH OUR BALANCED SALES BREAKDOWN, WE BENEFIT FROM MEGATRENDS IN ALL INDUSTRIES R. STAHL sales by industries - estimates Pharmaceutical industry Chemical industry 10 Petrochemical 25 industry2) 15 in % 5 Other 5 Food / beverage 15 20 5 Gas / LNG Oil industry1) Shipbuilding 1) Upstream 2) Downstream
Slide 8: R. STAHL Offers Its Customers a Complete, Innovative and Market Leading Portfolio of Explosion Proof Products
R. STAHL OFFERS ITS CUSTOMERS A COMPLETE, INNOVATIVE AND MARKET LEADING PORTFOLIO OF EXPLOSION PROOF PRODUCTS Electromechanical components Light fittings & signaling devices Network & automation solutions Human machine interfaces • Connectors • #1 in LED technology • Field Bus • Displays • Enclosure
Slide 9: We Have a Global Presence to Serve Our International Customers
WE HAVE A GLOBAL PRESENCE TO SERVE OUR INTERNATIONAL CUSTOMERS Production and sales network of R. STAHL Subsidiaries Germany Subsidiaries Central region Subsidiaries R. STAHL Schaltgeräte GmbH R. STAHL Ltd. Electromach B.V. INDUSTRIAS STAHL R. STAHL Tranberg AS Distributors and sales agents Waldenbu
Slide 10: Agenda
AGENDA 1 Company Overview 2 Driving Strategy: EXcellence 2023 - 2030 3 Business Update 4 Appendix Solventis Aktienforum 30 March 2023 10
Slide 11: The Positive Development After 2017 Has Been Interrupted by the COVID-19 Crisis
THE POSITIVE DEVELOPMENT AFTER 2017 HAS BEEN INTERRUPTED BY THE COVID-19 CRISIS Development of R. STAHL 2008-2022 Sales Negative profitability development in Accelerating loss of profitability EXcellence 2023/ R. STAHL 2020 EBITDA a growing market in a declining market COVID-19 350 304 309 313 300 2
Slide 12: While We Continue to Drive Efficiency at All Levels Focus Is Increasingly on Technology and a Return to Growth
WHILE WE CONTINUE TO DRIVE EFFICIENCY AT ALL LEVELS FOCUS IS INCREASINGLY ON TECHNOLOGY AND A RETURN TO GROWTH R. STAHL 2020: EXcellence 2023: Consolidation & realignment Growth & strategic development Central group organization Data driven management Complexity reduction EFFICIENCY Portfolio manage
Slide 13: Natural Gas Is the Most Eco-Friendly Fossil Fuel – and LNG Is Set to Become the Dominating Delivery Mechanism
NATURAL GAS IS THE MOST ECO-FRIENDLY FOSSIL FUEL – AND LNG IS SET TO BECOME THE DOMINATING DELIVERY MECHANISM Climate Reduction of CO2 emissions: Change Near-term: low-carbon fossils Relative CO2 emissions by energy source (at equal combustion energy) 100% 80% 60% 40% 20% 0% Coal Oil Natural gas / L
Slide 14: The Global LNG Market Offers Significant Growth Potential Over the Next Two Decades
THE GLOBAL LNG MARKET OFFERS SIGNIFICANT GROWTH POTENTIAL OVER THE NEXT TWO DECADES Projected global LNG demand until 2040 1) mtpa 2) CAGR 2018-2040 800 Asia Pacific and Europe will account for >85% Global 4.0% of incremental LNG demand 700 Other 5.9% Europe 4.5% 600 Asia Pacific 3.7% 500 400 300 20
Slide 15: We Aim to Leverage Our Strong Position in LNG Shipping to Outgrow the Overall LNG Market
WE AIM TO LEVERAGE OUR STRONG POSITION IN LNG SHIPPING TO OUTGROW THE OVERALL LNG MARKET LNG value chain 1) Fuel for trucks and ships Gas field / Gas processsing LNG LNG loading Open LNG receiving LNG Regas- Gas Power Power-to-gas facilities LNG Liquefaction plant tank terminal transportation termin
Slide 16: Due to the Unique Hazardous Properties of Hydrogen, Explosion Protection Is Key to This Technology's Safety
DUE TO THE UNIQUE HAZARDOUS PROPERTIES OF HYDROGEN, EXPLOSION PROTECTION IS KEY TO THIS TECHNOLOGY’S SAFETY H2 + e-fuels as sustainable source of energy of the future Climate Reduction of CO2 emissions: Change Long-term: carbon-free energy Safety aspects of hydrogen vs. fossil fuels Value Chain Rati
Slide 17: The New Solar Park in Waldenburg Will Be an Important Building Block in Our Hydrogen and Sustainability Strategy
THE NEW SOLAR PARK IN WALDENBURG WILL BE AN IMPORTANT BUILDING BLOCK IN OUR HYDROGEN AS WELL AS IN OUR SUSTAINABILITY STRATEGY • Investment approx. 4 million €; financing from WürthLeasing; payback approx. 5 years • With the operation of the solar park our global operations will be carbon neutral So
Slide 18: After Successful Implementation We Have Expanded Our Corporate Strategy by Two Further Aspects
AFTER SUCCESSFUL IMPLEMENTATION WE HAVE EXPANDED OUR CORPORATE STRATEGY BY TWO FURTHER ASPECTS EXcellence 2030 - further focus on digitalization and internationaliztion EXcellence 2023 • Processes & structures EXcellence 2030 6 • Culture Internationali- zation • Lean operations • Sales excellence 1
Slide 19: Our Strategy Addresses the Full Potential That Digitalization Offers to Our Business and Customers
OUR STRATEGY ADDRESSES THE FULL POTENTIAL THAT DIGITALIZATION OFFERS TO OUR BUSINESS AND CUSTOMERS Margin potential from efficiency gains Growth potential from market trends Digital infrastructure and processes Digital products • Harmonization of IT systems (hardware and software) Extend and complem
Slide 20: R. STAHL Already Offers Digital Solutions to Control Light and Heating Systems
R. STAHL ALREADY OFFERS DIGITAL SOLUTIONS TO CONTROL LIGHT AND HEATING SYSTEMS Example: X-Connect (R. STAHL Tranberg) • R. STAHL is supplier for Yara Birkeland, the first fully electric and autonomous container ship without emissions • Fully automated control of light and heating systems • Control s
Slide 21: Agenda
AGENDA 1 Company Overview 2 Driving Strategy: EXcellence 2023 - 2023 3 Business Update 4 Appendix Solventis Aktienforum 30 March 2023 21
Slide 22: Despite Difficult Market Conditions Significant Increase in Sales, Order Intake and Profitability
DESPITE DIFFICULT MARKET CONDITIONS SIGNIFICANT INCREASE IN SALES, ORDER INTAKE AND PROFITABILITY Preliminary Figures fiscal 2022 Change Change in €m 20221) 2021 in €m in % Sales 274.3 248.1 +26.2 +10.6 Order intake 313.5 261.3 +52.2 +20.0 Order backlog 109.4 72.2 +37.3 +51.7 EBITDA pre exceptionals
Slide 23: Agenda
AGENDA 1 Company Overview 2 Driving Strategy: EXcellence 2023 - 2030 3 Business Update 4 Appendix Solventis Aktienforum 30 March 2023 23
Slide 24: Issuer, Contact and Additional Information
ISSUER, CONTACT AND ADDITIONAL INFORMATION ISSUER AND CONTACT ADDITIONAL INFORMATION FINANCIAL CALENDAR 2022/2023 R. STAHL AG ISIN DE000A1PHBB5 Apr 27 Annual Report FY 2022 Am Bahnhof 30 74638 Waldenburg WKN A1PHBB May 10 Interim Report Q1 2023 Germany Deutsche Boerse RSL2 June 29 30th Annual Genera
Slide 25: R. STAHL Am Bahnhof 30, Waldenburg, Germany
R. STAHL Am Bahnhof 30 74638 Waldenburg, Germany T +49 7942 943-0 | F +49 7942 943-4333 | r-stahl.com