Slide 1: Full Year 2022 Earnings Presentation
Full Year 2022 Earnings Presentation Werner Lieberherr | Chief Executive Officer Elodie Cingari | Chief Financial Officer May 2"4, 2023 Landis+Gyr
Slide 2: Disclaimer
Disclaimer Forward-looking Information This presentation includes forward-looking information and statements, including statements concerning the outlook for Landis+Gyr Group AG and Landis+Gyr group (“Landis+Gyr”). These statements are based on current expectations, estimates and projections about t
Slide 3: Business Performance FY 2022
Business Performance FY 2022 ▪ Sustained solid order intake driven by Americas and EMEA resulting in a Order intake Order backlog new record high order backlog Book-to-bill 1.15 +11.6% YoY in cc ▪ Strong net revenue growth driven by backlog execution supported by improved component availability – re
Slide 4: ESG commitments and ratings
Committed to the Signed up to SBTi Joined in in 2022 November 2019 Direct CO2 emissions avoided through Reporting according to ESG corporate rating installed Smart Metering base in FY 2022 GRI since 2020 Prime status (top decile) ESG risk rating of 10.7 Top 5% of (low risk) sustainable companies 9.5
Slide 5: Americas – Key Developments in FY 2022
Americas – Key Developments in FY 2022 ▪ Continue to build the future with a stellar year of Order Entry (USD ~1.2b) and Book to Bill ratio of 1.31 ▪ Signed 129 agreements, including APS and AEP meter extensions, JEA Managed Service Extension, and EPCOR water, while pipeline remains strong ▪ Major w
Slide 6: EMEA – Key Developments in FY 2022
EMEA – Key Developments in FY 2022 ▪ Awarded largest EMEA project in FY22 with Israel National roll out, including system, meters and services for up to 4m metering points ▪ Won majority of KV alliance tenders (Finland), 500k metering points ▪ Selected as one of Enedis major partners in France to de
Slide 7: APAC – Key Developments in FY 2022
APAC – Key Developments in FY 2022 ▪ Revenues increased 20.8% YoY in cc, despite challenges with electronic component supply, largely due to growing business in Australia and the execution of smart metering projects in Hong Kong ▪ In Australia and New Zealand (ANZ) revenue grew on the back of strong
Slide 8: Supply Chain Impact in FY 2022
Supply Chain Impact in FY 2022 ▪ EBITDA results include USD ~56 million supply chain cost year- over-year; impacting all regions, but more significantly EMEA ▪ Types of components impacted include ▪ IC – Analogue Components ▪ IC – Communication ▪ Diodes ▪ Transistors ▪ Resistors ▪ Optocouplers ▪ Lit
Slide 9: Consolidated Results – FY 2022
Consolidated Results – FY 2022 USD in millions (except per share amounts) FY 2022 FY 2021 Change ▪ Record backlog driven by continued strong Order intake 1,925.8 2,665.5 (27.8)% Order Intake in Americas and EMEA Change in constant currency (25.5)% Committed backlog 3,748.6 3,388.6 10.6% ▪ Strong rev
Slide 10: Order Intake / Backlog – FY 2022
Order Intake / Backlog – FY 2022 USD in millions 73.1% ▪ New record backlog of USD ~3.8 billion 10.6% 3’749 achieved, growth driven by Americas 3’389 114 173 ▪ Book-to-Bill ratio of 1.15x in FY 2022 774 781 ▪ Backlog conversion supporting growth 2’166 trajectory for 2023+ 102 637 2’861 2’435 1’427 M
Slide 11: Net Revenue Bridge – FY 2022
Net Revenue Bridge – FY 2022 USD in millions Americas ▪ Very strong performance across all clusters: led by North America, Japan and Brazil EMEA ▪ Growth driven by Acquisitions (incremental contribution of USD ~53m), Switzerland and CEE. Asia Pacific ▪ Strong performance driven by high demand across
Slide 12: Adjusted EBITDA Bridge – FY 2022
Adjusted EBITDA Bridge – FY 2022 USD in millions ▪ Adjusted Gross profit volume increase supported by growth across all regions, particularly Americas ▪ Adjusted Gross Profit margin decrease primarily due to adverse impact of higher supply chain costs of USD ~(56) million YoY ▪ Adjusted Operating Ex
Slide 13: Adjustments to EBITDA – FY 2022
Adjustments to EBITDA – FY 2022 USD in millions FY 2022 FY 2021 Change ▪ Restructuring Charges of USD 11.8 Reported EBITDA 133.2 170.3 (21.8)% million primarily related to the Adjustments 6.7 (23.3) n/a discontinuation of manufacturing Restructuring Charges 11.8 2.9 306.9% activities in India Warran
Slide 14: Cash Flow – FY 2022
Cash Flow – FY 2022 USD in millions FY 2022 FY 2021 Change ▪ Cash Flow negatively impacted by Reported EBITDA 133.2 170.3 (21.8)% inventory build up of USD ~139 million, Change in Operating Working Capital (116.5) (14.1) 726.2% in large part temporary, to support our Capital expenditures (PP&E) (28.
Slide 15: Net Debt – FY 2022
Net Debt – FY 2022 USD in millions ▪ Continued Balance Sheet strength 0.98x 0.47x ▪ ~0.47x leverage ratio with net debt position of USD ~65.6 million ▪ Significant investment capacity remaining with available undrawn facilities of USD ~400 million Strong balance sheet foundation and great platform t
Slide 16: Americas Segment – FY 2022
Americas Segment – FY 2022 USD in millions FY 2022 FY 2021 Change ▪ Strong order intake resulting in 1.31x Order intake USD in millions 1'163.1 FY 2022 1'701.9 FY 2021 (31.7)% Change book-to-bill; prior year order intake Committed Backlog 2'860.9 2'435.0 17.5% driven by major wins in North America O
Slide 17: EMEA Segment – FY 2022
EMEA Segment – FY 2022 FY 2021 Change USD in millions USD in millions FY 2022 FY 2022 FY 2021 Change ▪ 1.03x book-to-bill Order intake 623.3 724.6 (14.0)% Order intakeBacklog Committed 623.3 773.9 724.6 781.1 (14.0)% (0.9)% ▪ Strong revenue growth of 13.8% in Committed Backlog 773.9 781.1 (0.9)% Cha
Slide 18: APAC Segment – FY 2022
APAC Segment – FY 2022 FY 2021 Change USD in millions USD in millions FY 2022 FY 2022 FY 2021 Change ▪ 0.73x book-to-bill; prior year order Order intake 139.4 239.0 (41.7)% intake was driven by major wins in HK Order intake 139.4 239.0 (41.7)% Committed Backlog 113.8 172.5 (34.0)% Committed Backlog
Slide 19: Guidance FY 2023 – reconfirmed
Guidance FY 2023 – reconfirmed Low double-digit organic net revenue growth (compared to FY 2022) Adjusted EBITDA margin between 9.0% and 11.0% of net revenues Around USD 60 million to USD 90 million Progressive dividend 19 | © Landis+Gyr 2023 | FY 2022
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Slide 21: Key Messages
Key Messages ▪ Increased need for more intelligent power grids to drive energy efficiency and ensure critical infrastructure stability, further amplified by energy crisis, which positions L+G in the sweet spot of the energy transition ▪ Data driven solutions to expand recurring revenue streams and d
Slide 22: In a Nutshell
In a Nutshell Landis+Gyr, as a recession-resilient Company, is positioned right in the , further amplified by the current energy crisis, while playing an active role in decarbonizing the grid. manage energy better 22 | © Landis+Gyr 2023 | FY 2022
Slide 23: Contacts & Dates
Contacts & Dates Publication of Annual Report 2022 Eva Borowski and Invitation to AGM 2023: SVP Investor Relations & May 26, 2023 Corporate Communications Annual General Meeting 2023: Phone +41 41 935 6396 June 22, 2023 Ex-Dividend Date: June 26, 2023 Christian Waelti Head Investor Relations Release
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