Phoenix Mecano Ag · SIX:PMN
Phoenix Mecano — FY2024 Earnings Presentation
30 slides from Phoenix Mecano's earnings presentation, Apr 23, 2025
Slide 1: Results 2024 and Q1 2025
Phoenix Mecano Annual Results Presentation RESULTS 2024 AND Q1 2025 23 April 2025
Slide 2: Agenda
INTRODUCTION 2 Agenda 11:00 Highlights 2024 Rochus Kobler 11:10 Business Performance 2024 René Schäffeler 11:25 Update on Sustainability Rochus Kobler 11:35 Q1 2025 René Schäffeler 11:40 Tariff Situation and Outlook Rochus Kobler 11:50 Q&A
Slide 3: A global technology group with leading positions in profitable markets of the future
A GLOBAL TECHNOLOGY GROUP WITH LEADING POSITIONS IN PROFITABLE MARKETS OF THE FUTURE
Slide 4: Highlights 2024
Phoenix Mecano Annual Results Presentation HIGHLIGHTS 2024
Slide 5: Highlights 2024
INTRODUCTION Phoenix Mecano AG 5 Highlights 2024 • Top line sales maintained in a challenging economic environment • Organic growth achieved • Growth of DewertOkin Technology Group offset reduced sales in industrial divisions • Change in business mix led to lower profitability at Group level
Slide 6: Business Performance 2024
Global competence, local value BUSINESS PERFORMANCE 2024 Current Financials
Slide 7: Consolidated Results
BUSINESS PERFORMANCE 2024 Phoenix Mecano AG 7 Consolidated Results Growth in DOT Group division almost completely offset declining sales in the industrial divisions. The change in business mix resulted in lower profitability at Group level. EUR million 2023 2024 +/- Incoming orders 781.5 807.1 +3.3%
Slide 8: Incoming orders and gross sales
BUSINESS PERFORMANCE 2024 8 Incoming orders and gross sales EUR million Book-to-bill 888.9 ratio: 900.0 2024: 1.04 2023: 1.00 850.0 804.1 807.1 800.0 766.0 816.9 781.5 792.9 783.1 779.5 750.0 769.9 764.6 742.8 Incoming orders 700.0 687.4 Gross sales 650.0 644.3 Gross sales continued 600.0 business 2
Slide 9: Operating cash flow and capital expenditure
BUSINESS PERFORMANCE 2024 9 Operating cash flow and capital expenditure EUR million Variance to 2023 | in % 96.0 85.3 78.0 84.0 80.9 before 75.3 Operating Operating 72.0 66.6 one-off effects cash flow cash flow - 11.8% (EBITDA) 60.0 -7.0% before 48.2 47.2 one-off effects 48.0 40.4 36.7 36.0 29.6 27.
Slide 10: Equity ratio and gearing
BUSINESS PERFORMANCE 2024 10 Equity ratio and gearing in % 70 Net debt 31.12.24: Equity in % 61.3 EUR 11.1 million of total assets 60 50 47.3 44.5 46.4 39.3 40 34.5 33.6 32.1 30 20 Net indebtness/ in % of equity 10 3.8 0 2020 2021 2022 2023 2024
Slide 11: Proposed dividend and share buyback programme
BUSINESS PERFORMANCE 2024 11 Proposed dividend and share buyback programme • The Board of Directors proposes to the Annual General Meeting on 22 May 2025 to increase the ordinary dividend from CHF 18.00 to CHF 19.00 per share • Up to 31 March 2025, Phoenix Mecano paid CHF 12.5 million to buy back 3%
Slide 12: Enclosure Systems
BUSINESS PERFORMANCE 2024 Phoenix Mecano AG 12 Enclosure Systems The Enclosure Systems division felt the effects of the weakening industrial demand. However, profitability remains high. Major customers were acquired in the human-machine interface segment and sales of explosion-proof enclosures devel
Slide 13: Industrial Components
BUSINESS PERFORMANCE 2024 Phoenix Mecano AG 13 Industrial Components The HVDC transmission market performed strongly. In the other segments, the weak state of sales markets weighted on sales and operating result, especially in the Electrotechnical Components business area. A bolt-on acquisition stre
Slide 14: DewertOkin Technology Group
BUSINESS PERFORMANCE 2024 Phoenix Mecano AG 14 DewertOkin Technology Group In subdued furniture markets worldwide, the share of motorised comfort furniture within the sector increased, and the DOT Group was able to benefit from this. All production activities in China are now consolidated at one sin
Slide 15: Update on Sustainability
Phoenix Mecano Annual Results Presentation UPDATE ON SUSTAINABILITY
Slide 16: Target: halving emissions by 2030, reach net zero by 2050
SUSTAINABILITY 16 Target: halving emissions by 2030, reach net zero by 2050 (Scope 1 and 2) 100% t CO2eq per EUR 1 million sales 35 34 33 100% 32 - 25% – 50% - 50% - 75% – 98% 2021 2024 2030 2050 Rest to be compensated by negative emissions technology to reach net- zero
Slide 17: Sustainability Highlights
SUSTAINABILITY 17 Sustainability Highlights • CO2 savings across the Group offset by insourcing of production processes at new industrial park in Jiaxing • DOT Group: Energy consumption increased by 33% and CO2 emissions increased by 20% driven by o Volume growth of DOT o Insourcing of former Scope
Slide 18: Explosion-proof enclosures for hydrogen applications
SUSTAINABILITY 18 Explosion-proof enclosures for hydrogen applications • Hydrogen indispensable for a climate-friendly future • Phoenix Mecano enclosures protect control electronics in hydrogen infrastructure • Certified to international safety standards
Slide 19: Q1 2025 Current Financials
Global competence, local value Q1 2025 Current Financials
Slide 20: Consolidated Results
Q1 2025 Phoenix Mecano AG 20 Consolidated Results The Industrial Components division returned to growth and DOT Group further increased sales. An increased gross margin, improved financial result and a lower tax quota contributed to a higher result of the period. EUR million Q1 2024 Q1 2025 +/- Inco
Slide 21: Enclosure Systems
Q1 2025 Phoenix Mecano AG 21 Enclosure Systems Explosion-protected enclosures and industrial PCs continued to be in high demand, whereas sales of sales of electronic enclosures weakened. The operating margin remains on the full year level 2024. EUR million Q1 2024 Q1 2025 +/- Gross sales 57.5 55.8 -
Slide 22: Industrial Components
Q1 2025 Phoenix Mecano AG 22 Industrial Components The dynamic development in the Measuring Technology product area resulted in sales and operating profit growth of the division. In the Automation Modules business area, there was still no sign of a turnaround in the downward trend, whereas demand in
Slide 23: DewertOkin Technology Group
Q1 2025 Phoenix Mecano AG 23 DewertOkin Technology Group The continuation of sales growth in Asia and increase of operating result was overshadowed by US trade policy uncertainties which has affected the ordering behavior of major customers. Together with its customers, DOT Group reviews adjustments
Slide 24: Tariff Situation & Outlook
Global competence, local value TARIFF SITUATION & OUTLOOK
Slide 25: Outlook
OUTLOOK Phoenix Mecano AG 25 Outlook • Global tariff situation • Less than 10% of the Group’s revenues are generated directly in US market • DOT: Indirect effects of tariffs on customers are much more significant • Tariffs are no competitive threat – global footprint is an advantage to cope with pot
Slide 26: Phoenix Mecano Group 1975–2025
OUTLOOK AND WRAP UP 26 Phoenix Mecano Group 1975–2025 • Oral history book „Success Is Always Yesterday’s News“ / "Erfolg ist immer der Schnee von gestern“ • Written by historian Christoph Kohler based on 38 interviews with key players, past and present • www.phoenix-mecano.com/anniversary • www.phoe
Slide 27: Wrap up
Global competence, local value WRAP UP
Slide 28: Wrap up
OUTLOOK AND WRAP UP Phoenix Mecano AG 28 Wrap up • Solid results 2024 despite headwinds in European industries • Positive start into 2025 • Uncertainty due to pending tariff situation • Dividend return of 4.5% • Phoenix Mecano keeps strategic focus and holds strong positions navigating through uncer
Slide 29: Q&A
Global competence, local value Q&A
Slide 30: Thank you for your attention!
Global competence, local value THANK YOU FOR YOUR ATTENTION!