R&s Group Holding Ag Pref Class A · SIX:RSGN
R&s Group Holding Ag Pref Class A — R&S Group — H1 2024 Earnings Presentation
30 slides from R&s Group Holding Ag Pref Class A's earnings presentation, Sep 11, 2024
Slide 1: Semi-annual Report 2024
R&S Group Semi-annual Report 2024 Presentation for investors, analysts and financial media 11 September 2024
Slide 2: Disclaimer
2 Disclaimer This presentation contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of t
Slide 3: Today's speakers
3 Today’s speakers Markus Laesser Matthias P. Weibel Group CEO Group CFO
Slide 4: Table of contents
4 Table of contents 1 Highlights – Markus Laesser, Group CEO 2 Half year 2024 financial results – Matthias P. Weibel, Group CFO 3 Sustainability – Matthias P. Weibel, Group CFO 4 Outlook & take-aways – Markus Laesser, Group CEO 5 Q&A – Markus Laesser, Matthias P. Weibel
Slide 5: Highlights
Highlights Markus Laesser | Group CEO
Slide 6: Significant progress and achievements
Highlights 6 Significant progress and achievements ❝ Developments in line with our strategy to deliver profitable growth on a sustainable basis.❞ • Profitable performance underpinned by market demand • Acquisition of Kyte Powertech Ltd. for an enterprise value of EUR 250 million (7.3x EV/LTM EBITDA)
Slide 7: Strategic pillars – M&A has always been an instrumental part
Highlights 7 Strategic pillars – M&A has always been an instrumental part Focus on what we have and accelerate. Create long-term value, based on leading positions with selected products and specific countries. Focus on what we do best and offer our engineering M&A potential expertise, quality and re
Slide 8: Kyte Powertech: Leader in distribution transformers
Highlights 8 Kyte Powertech: Leader in distribution transformers Kyte highlights Kyte product portfolio Deeply entrenched Primary end European markets Product MVA3 range blue-chip customer market leadership base #1 #1 15–100kVA Single phase 25+ Years transformers Top 3 Top 5 Relationship tenure with
Slide 9: Combined pan-European footprint adding market opportunities
Highlights 9 Combined pan-European footprint adding market opportunities Complementary footprint covering key countries …to be leveraged with a combined product portfolio in Western / Central Europe… Kyte core market Kyte secondary market R&S core market R&S secondary market Single phase transformer
Slide 10: Half year 2024 financial results
Half year 2024 financial results Matthias P. Weibel | Group CFO
Slide 11: Key messages (adjusted) as per 30 June 2024
HY 2024 financial results 11 Key messages (adjusted) as per 30 June 2024
Slide 12: Key financial figures as per 30 June 2024
HY 2024 financial results 12 Key financial figures as per 30 June 2024
Slide 13: What is important? What to consider?
HY 2024 financial results 13 What is important? What to consider? Three adjustments The adjustments help to improve comparability with the previous year because at that time the Czech company SERW was still included in the consolidated figures We consider the additional tax payment in Italy to be a
Slide 14: Consolidated profit & loss statement as per 30 June 2024
HY 2024 financial results 14 Consolidated profit & loss statement as per 30 June 2024 A Net sales - all product groups with higher sales compared to previous year - neglectable impact of FX as stronger PLN was offsetting negative impact of weaker EUR B Material costs A stable material prices with go
Slide 15: Continuing strong Order Intake provides stable Backlog
HY 2024 financial results 15 Continuing strong Order Intake provides stable Backlog MCHF 141.0 119.3 • Continuously high monthly order intake from key markets (CH, GER, IT) and stable order backlog for 2024 and beyond. • Build-up of new capacities will gradually put more pressure on prices. 218.2 Ho
Slide 16: Consolidated Balance Sheet as per 30 June 2024
HY 2024 financial results 16 Consolidated Balance Sheet as per 30 June 2024 A B B D C A A Decrease of cash due to reductio of financial liabilities and payout of dividend out of the capital contribution reserve in the first half of the year. A B Increase is reflecting higher business volumes as it i
Slide 17: Consolidated Cash Flow Statement as per 30 June 2024
HY 2024 financial results 17 Consolidated Cash Flow Statement as per 30 June 2024 A Mainly attributable to higher tax provisions as a result of the overall increase of the business volume and operational profit, higher accruals for customer claims A (risk provisioning for penalties and onerous contr
Slide 18: Sustainability
Sustainability Matthias P. Weibel | Group CFO
Slide 19: Update on activities
Sustainability 19 Update on activities • Goal set to achieve ISO 50001 certification for energy management in all plants by 2025 by improving energy efficiency, reducing environmental footprint and supporting sustainable operations. • Multi-site assessment at Group level is being analyzed with the a
Slide 20: Outlook & take-aways
Outlook & take-aways Markus Laesser | Group CEO Matthias P. Weibel | Group CFO
Slide 21: Update on 2024 and mid-term guidance
Outlook & take-aways 21 Update on 2024 and mid-term guidance 2024 outlook1 Mid-term outlook2 Commentary Confirmed Confirmed • Mid-term outlook organic growth over the cycle Net sales growth • Strong tailwind from global electrification demand, Above 12% Around 12% decarbonization, decentralization a
Slide 22: Key take-aways
Outlook & take-aways 22 Key take-aways R&S Group and Kyte Powertech are excited to join forces looking ahead into a bright future, guaranteeing energy and transforming the world of energy every day 1 2 3 4 R&S Group has delivered a Part of the R&S Group Kyte represents an The acquisition will furthe
Slide 23: Stronger together!
Outlook & take-aways 23 Stronger together! The acquisition of Kyte Powertech is a natural next step in the evolution of R&S Group. Next update on combined group strategy and integration to follow at Capital Markets Day in Zurich on 31 October
Slide 24: Q&A
Q&A Thank you for your attention. We are now happy to answer your questions.
Slide 25: Financial calendar | Contact
Financial calendar | Contact Financial Calendar 2024/2025 Capital Markets Day 31 October 2024 Trading update full-year 2024 sales 06 March 2025 Release of full-year 2024 results 15 April 2025 Annual General Meeting 14 May 2025 Contact Investor and Media Relations: Doris Rudischhauser Phone: +41 79 4
Slide 26: Presentation name (Insert > Header and footer)
26 Presentation name (Insert > Header 10.09. and footer) 2024
Slide 27: Appendix
Appendix
Slide 28: Kyte: a high-quality asset acquired at an attractive valuation
28 Kyte: a high-quality asset acquired at an attractive valuation Acquisition consideration (EURm) 267 264 Bridge Take-out 250 17 14 Equity issuance • Bridge financing facility provided by UBS – Take-out by a combination of bank debt, excess Excess cash cash and equity issuance of ~CHF 23m2 – R&S ha
Slide 29: Financial profiles over the last 12 months (LTM)
29 Financial profiles over the last 12 months (LTM) Sources: Company information, R&S Group semi-annual report, Kyte June reporting Notes: New R&S Group PF numbers represent a simple addition of R&S Group and Kyte figures, without including synergies and accounting standards, PPA and other adjustmen
Slide 30: Strong rationale for the combination of R&S Group and Kyte
Kyte Powertech transaction 30 Strong rationale for the combination of R&S Group and Kyte The combination of R&S Group and Kyte will increase R&S Group’s profile as a public company, strengthen market leading positions, create a deeper management bench, and enhance product offerings and technical exp