Slide 1: 2024 Financial Year – Media and Analysts' Conference
2024 Financial Year © StarragTornos Group AG Media and Analysts’ Conference Zurich, Switzerland, March 14, 2025 v 1.0
Slide 2: Welcome
Welcome Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 2
Slide 3: Shaping the future of the global metal-cutting machine tool industry
Shaping the future of the global metal-cutting machine tool industry Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 3
Slide 4: Speakers
Media and Analysts’ Conference Speakers Michael Hauser Martin Buyle Markus Jäger Chairman CEO CFO Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 4
Slide 5: Agenda
Media and Analysts’ Conference Agenda 01 Introduction 02 Business review 03 Financial review 04 Outlook 2025 05 Q&A Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 5
Slide 6: Introduction
Introduction Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 6
Slide 7: Introduction – Michael Hauser, Chairman
Media and Analysts’ Conference Introduction Michael Hauser Chairman Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 7
Slide 8: 2024: Navigating uncertainty in a shifting economy
Media and Analysts’ Conference 2024: Navigating uncertainty in a shifting economy Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 8
Slide 9: In memoriam Walter Fust
Media and Analysts’ Conference In memoriam Walter Fust July 17, 1941 – February 4, 2025 Entrepreneur, investor, and pioneer of the StarragTornos Group Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 9
Slide 10: Business review
Business review Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 10
Slide 11: Business review – Martin Buyle, CEO
Media and Analysts’ Conference Business review Martin Buyle CEO Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 11
Slide 12: StarragTornos at a glance
Media and Analysts’ Conference StarragTornos at a glance Precision Solutions StarragTornos develops, In addition to its machine tool Established in Headquartered in manufactures, and distributes portfolio, StarragTornos offers precision machine tools for comprehensive technology December 2023 Rorsch
Slide 13: Strong and growing in key markets
Media and Analysts’ Conference Strong and growing in key markets Target markets Aerospace MedTech & Dental Luxury Goods Energy Transport Industrial • Globalization and • Demographic • Rising incomes • Substitution of • Increasing • Increasing desire for mobility change and the pursuit of fossil ener
Slide 14: Key figures 2024
Media and Analysts’ Conference Key figures 2024 476.3 mCHF 494.1 mCHF Order intake 2024 Net sales 2024 Dividend proposal to EBIT 1 981 FTE AGM 2025 15.4 mCHF 1.00 CHF 3.1% of net sales per share Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 14
Slide 15: Key figures – comparison 2024 vs. 2023
Media and Analysts’ Conference Key figures – comparison 2024 vs. 2023 Comparison (mCHF) Financial Statements Pro forma • Order intake: slow market activity in important regions and market segments partly offset by 2024 2023 Change (%) 2023 Change (%) positive development in Aerospace and Energy. Ord
Slide 16: Order intake by target markets
Media and Analysts’ Conference Order intake by target markets (mCHF) Market segments 2024 2023 +/-% • The Luxury Goods segment saw a temporary Aerospace 90.3 83.8 +7.7% drop in investment goods demand amid customer uncertainty. Med Tech & Dental 38.4 43.1 -10.8% Luxury Goods 51.6 101.1 -48.9% • Aero
Slide 17: Order intake by region
Media and Analysts’ Conference Order intake by region Regions (mCHF) 2024 2023 +/-% • Europe & Switzerland: • Significant decline in order intake, Europe 194.3 264.1 -26.4% mainly due to a downturn in the Luxury Goods segment. Switzerland 62.2 94.2 -34.0% • Swiss watchmakers were particularly cautio
Slide 18: Net sales (machines and service)
Media and Analysts’ Conference Net sales (machines and service) (mCHF) 2024 2023 +/-% Machines 359.6 428.4 -16.1% Service 134.5 136.3 -1.3% Total 494.1 564.7 -12.5% Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 18
Slide 19: New product launches 2024
Media and Analysts’ Conference Key highlights for StarragTornos – new product launches 2024 Starrag Dörries VT Tornos Swiss XT • Designed for applications in the energy market • Exhibited at various trade shows and customer segment. presentations worldwide. • Features low energy consumption, reducin
Slide 20: ESG Strategy
Media and Analysts’ Conference ESG Strategy • In 2024, the StarragTornos Group started to lay the foundation of its ESG strategy with a new CSR Governance and a new Group-wide ESG management approach. • Our ESG strategy is being built on four key pillars: Products, Environment, Social, and Business
Slide 21: ESG Strategy – Focus on environment pillar
Media and Analysts’ Conference The new Bumotec 1000/C neo ESG Strategy Focus on environment pillar in 2024 • Major investments in solar energy • New installations in Rorschacherberg, Taichung, and Moutier. • Enhanced energy efficiency • Improved machine efficiency. • Comprehensive climate impact ass
Slide 22: Synergy program on track
Media and Analysts’ Conference Synergy program on track Merger and program launch • Starrag and Tornos merged in December 2023. Showcasing a strong • Program initiated to identify and leverage synergies. partnership with a joint appearance at an international show. Implementation and early actions •
Slide 23: Financial review
Financial review Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 23
Slide 24: Financial review – Markus Jäger, CFO
Media and Analysts’ Conference Financial review Markus Jäger CFO Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 24
Slide 25: At a glance – 5-year comparison
Media and Analysts’ Conference At a glance – 5-year comparison (mCHF) Order intake Order backlog Net sales EBIT 565 395 583 590 499 494 529 341 464 315 326 476 400 46,4 201 291 29,6 15,4 12,1 2.6% 5.9% 8.2% 3.1% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 202
Slide 26: Order backlog provides a solid basis for 2025
Media and Analysts’ Conference Order backlog provides a solid basis for 2025 (mCHF) Order intake HY1 Order intake HY2 Order backlog 583 590 529 Order intake 2024: 476 • Second-half order intake missed expectations due to 288 Europe’s ongoing recession. 329 395 266 341 221 326 Order backlog: 315 291
Slide 27: Consolidated Income Statement
Media and Analysts’ Conference Consolidated Income Statement (mCHF) 2023 Pro Challenging Economic Environment: 20241) 20232) • Lower net sales compared to 2023 Proforma due forma3) to weak markets in Europe and key market Net Sales 494.1 409.0 564.7 segments • Volume impact: -65 mCHF Division Starra
Slide 28: Consolidated Balance Sheet
Media and Analysts’ Conference Consolidated Balance Sheet (mCHF) Net Liquidity: 31.12.2024 31.12.2023 • -0.3 mCHF due to high cash position. Total current assets 400.7 405.5 Receivables Goods and Services: • Tight overdue management in place; increase - Cash 60.7 60.2 driven by higher receivables fr
Slide 29: Consolidated Cash Flow
Media and Analysts’ Conference Consolidated Cash Flow Cash Flow from Operating Activities: (mCHF) • Affected by lower net profit, inventory reduction and 20241) 20232) higher PoC receivables. CF operating activities 7.7 22.4 Cash Flow from Investing Activities: • Impacted by investment in fixed asse
Slide 30: Selected key figures per share
Media and Analysts’ Conference Selected key figures per share Weighted Average Number of Shares: 2024 2023 • As of December 2023, the number of shares increased by 2,103,121 to 5,463,121 registered shares. Dividend per Share and Payout Ratio : Net profit (mCHF) 11.9 25.2 • The Board of Directors wil
Slide 31: Medium targets still valid
Media and Analysts’ Conference Medium targets still valid Targeted annual Targeted EBIT margin Attractive dividend with P/E ratio of 17.1 increase in sales of of over a payout ratio of 5% 8% 35-50% offers great potential for positive share price performance Zurich, March 14, 2025 | 2024 Financial Ye
Slide 32: Outlook 2025
Outlook 2025 Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 32
Slide 33: Outlook 2025 – Martin Buyle, CEO
Media and Analysts’ Conference Outlook 2025 Martin Buyle CEO Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 33
Slide 34: Outlook 2025
Media and Analysts’ Conference Outlook 2025 • Remains challenging with no clear signs of a long- term recovery. • Economic environment remains uncertain; potential threats from new trade barriers. • Strengthened market position in the defense industry presents new avenues for growth. • Order backlog
Slide 35: Q&A
Q&A Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 35
Slide 36: Q&A
Media and Analysts’ Conference Q&A Martin Buyle Markus Jäger CEO CFO Zurich, March 14, 2025 | 2024 Financial Year | Media and Analysts’ Conference 36
Slide 37: Thank you for your attention
-L -StarragTornos Thank you for your attention
Slide 38: Disclaimer
Media and Analysts’ Conference Disclaimer The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of StarragTornos Group. This document contains certain statements related to the future busi