Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — HY1 2024 Earnings Presentation
24 slides from Rational Aktiengesellschaft's earnings presentation, Aug 6, 2024
Slide 1: Earnings Call HY1 2024
50 years of RATIONAL 50 years of innovations 50 years of customer benefit Earnings Call HY1 2024 Landsberg am Lech, 6 August 2024
Slide 2: Agenda
Agenda RATIONAL HY1 2024 Earnings Call 03 Highlights of the 2nd Quarter 2024 07 Figures. Facts. Data. 15 Outlook 2024 16 Appendix 6 August 2024 | RATIONAL AG | Earnings Call HY1 2024 2
Slide 3: RATIONAL – a strong partner for major events: Veltins Arena
RATIONAL – a strong partner for major events Veltins Arena, Gelsenkirchen “We saw in black and white where our weak points are, but not only in the devices. The focus was also on operating procedures. The employees of RATIONAL have taken a close look at everything and analysed it critically. The ana
Slide 4: RATIONAL – a strong partner for major events: Wembley
RATIONAL – a strong partner for major events The Wembley National Stadium, London The stadium trusted by the Englands national team, superstars such as Elton John, Adele, Coldplay, Ed Sheeran and up to 90,000 visitors per event.
Slide 5: RATIONAL - a strong partner for major events
RATIONAL - a strong partner for major events iHexagon: the right decision when speed for large volume without compromises on food quality is required
Slide 6: Above-average customer satisfaction
Above-average customer satisfaction RATIONAL holds the very strong NPS score in the “Best in Class” segment RATIONAL AG 2024 Net Promoter Score +60 -80 -60 -40 -20 0 +20 +40 +60 +80 Best in Class Ø-NPS of companies surveyed in the areas: RATIONAL AG RATIONAL AG 2021 2022 +61 +64 6 August 2024 | RATI
Slide 7: Figures. Facts. Data.
Figures. Facts. Data. HY1 2024
Slide 8: Strong sales performance in 2023
Strong sales performance in 2023 Revenue increased by 10% to EUR 1.126 million in 2023 +10% +31% 1,126 +8% 1,022 -23% +20% 844 778 780 650 2018 2019 2020 2021 2022 2023 6 August 2024 | RATIONAL AG | Earnings Call HY1 2024 8 Sales revenues in m EUR | Year-on-year sales growth
Slide 9: Sales revenues by quarter
Sales revenues by quarter Q2 2024 – sales revenues at a new all-time high +6% +25% +1% +20% 286 295 290 293 282 278 274 272 225 232 2022 2023 2024 2022 2023 2024 2022 2023 2022 2023 Q1 Q2 Q3 Q4 6 August 2024 | RATIONAL AG | Earnings Call HY1 2024 9 Sales revenues in m EUR | Year-on-year sales growth
Slide 10: Good sales development in overseas regions
Good sales development in overseas regions North America and Asia keep driving growth North America Germany Asia +50% +6% +29% +13% 126 134 +4% -4% 84 70 79 62 64 62 55 HY1 2022 HY1 2023 HY1 2024 HY1 2022 HY1 2023 HY1 2024 HY1 2022 HY1 2023 HY1 2024 Europe +14% +1% 237 240 208 Latin America Rest of
Slide 11: iVario back return to growth, iCombi surpasses previous year
iVario back return to growth iCombi surpasses previous year’s high sales level iCombi iVario +27% +3% 503 517 395 +11% -8% 63 58 64 HY1 2022 HY1 2023 HY1 2024 HY1 2022 HY1 2023 HY1 2024 6 August 2024 | RATIONAL AG | Earnings Call HY1 2024 11 Sales revenues in m EUR | Year-on-year sales growth
Slide 12: EBIT grows faster than sales revenues
EBIT grows faster than sales revenues EBIT margin increases by 1.3 percentage points in HY1 2024 +10% +46% 149 136 +10% -72% +206% 98 93 84 24.6% 25.6% 24.3% 22.3% 20.3% 9.2% 28 HY1 2019 HY1 2020 HY1 2021 HY1 2022 HY1 2023 HY1 2024 6 August 2024 | RATIONAL AG | Earnings Call HY1 2024 12 EBIT in m EU
Slide 13: High profitability in HY1 2024
High profitability in HY1 2024 Healthy sales revenue performance and favourable COGS HY1 HY1 HY1 2024 vs HY1 2023 in m EUR 2023 2024 Change Margin Impact Sales revenues 561 581 +4% --- + Sales revenues remain COGS -246 -239 -3% +280 bps on high level Gross Profit 315 342 +9% Gross Margin 56.1% 58.9%
Slide 14: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in m EUR 30.06.2023 31.12.2023 30.06.2024 Key balance sheet KPIs Non-current assets 246 265 268 +10% Growth in total assets Inventories 115 107 108 Trade receivables 171 172 178 Other assets 189 285 264 38% Liquidi
Slide 15: Sales revenue and profit outlook for 2024 confirmed
Sales revenue and profit outlook for 2024 confirmed More concrete guidance on sales growth and EBIT margin Sales growth Gross profit Operating costs EBIT margin Q1 in the mid to high single- benefits from better cost rise slightly faster than near previous year expected digit percentage range. situa
Slide 16: Appendix
Appendix 16 Appendix 17 Statement of Comprehensive Income 19 Cash Flow Statement 23 Disclaimer 6 August 2024 | RATIONAL AG | Earnings Call HY1 2024 16
Slide 17: Statement of Comprehensive Income RATIONAL Group (Q2)
Statement of Comprehensive Income RATIONAL Group 1 January to 30 June | in thousands of euros Q2 2023 Q2 2024 YoY % Sales revenues 278,339 294,821 +6% Cost of Sales -120,898 -119,977 -1% Gross profit 157,441 174,844 +11% Sales and service expenses -62,600 -65,973 +5% Research and development expense
Slide 18: Statement of Comprehensive Income RATIONAL Group (HY1)
Statement of Comprehensive Income RATIONAL Group 1 January to 30 June | in thousands of euros HY1 2023 HY1 2024 YoY % Sales revenues 560,788 581,246 +4% Cost of Sales -246,037 -238,924 -3% Gross profit 314,751 342,322 +9% Sales and service expenses -126,352 -132,296 +5% Research and development expe
Slide 19: Cashflow statement RATIONAL Group (1/4)
Cashflow statement RATIONAL Group (1/4) 1 January to 30 June | in thousands of euros Q2 2023 Q2 2024 YoY Earnings before taxes +70,705 +80,261 +9,556 Depreciation and amortisation +7,889 +9,248 +1,359 Other -608 -403 +205 Net interest -1,333 -2,620 -1,287 Changes in Inventories +5,022 +2,025 -2,997
Slide 20: Cashflow statement RATIONAL Group (2/4)
Cashflow statement RATIONAL Group (2/4) 1 January to 30 June | in thousands of euros Q2 2023 Q2 2024 YoY Capital expenditures in intangible assets and PP&E -8,553 -10,692 -2,139 Proceed from asset disposals +34 +35 +1 Change in fixed deposits +73,431 +93,966 +20,535 Interest received +1,981 +5,806 +
Slide 21: Cashflow statement RATIONAL Group (3/4)
Cashflow statement RATIONAL Group (3/4) 1 January to 30 June | in thousands of euros HY1 2023 HY1 2024 YoY Earnings before taxes +137,849 +154,098 +16,249 Depreciation and amortisation +15,758 +17,704 +1,946 Other +1,075 +1,972 +897 Net interest -2,202 -5,376 -3,174 Changes in Inventories +3,525 -65
Slide 22: Cashflow statement RATIONAL Group (4/4)
Cashflow statement RATIONAL Group (4/4) 1 January to 30 June | in thousands of euros HY1 2023 HY1 2024 YoY Capital expenditures in intangible assets and PP&E -15,418 -16,937 -1,519 Proceed from asset disposals +38 +66 +28 Change in fixed deposits -31,650 +30,211 +61,861 Interest received +2,622 +7,6
Slide 23: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or
Slide 24: RATIONAL
RATIONAL