Aalberts N.v. · EURONEXT:AALB
Aalberts — Shareholder Meeting (April 2025)
37 slides from Aalberts's shareholder meeting presentation, Apr 10, 2025
Slide 1: General Meeting Aalberts N.V.
general meeting Aalberts N.V. Utrecht, 10 April 2025
Slide 2: Today's agenda
today’s agenda key financial strategy outlook Q&A highlights development in action 1 2 3 4 5 Stéphane Simonetta Arno Monincx CEO CFO 10 April 2025 Aalberts N.V. | general meeting 2025 2
Slide 3: 10 April 2025 Aalberts N.V. | general meeting 2025
10 April 2025 Aalberts N.V. | general meeting 2025 3
Slide 4: 10 April 2025 Aalberts N.V. | general meeting 2025
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Slide 5: Key highlights
key highlights Stéphane Simonetta
Slide 6: 2024 performance
2024 performance 1 revenue EUR 3,149 million, organic decline 3.4% 2 EBITA margin 15% or EUR 471 million before exceptionals, with improved added value at 63.4% 3 CAPEX stable at EUR 231 million, strong free cash flow at EUR 334 million 4 strengthened our position in the USA for our industry segment
Slide 7: New segment reporting
new segment reporting building industry semicon revenue (in EUR million) 1,603 1,061 501 organic growth (3.0%) (7.5%) 4.7% EBITA margin (% of revenue) 12.9% 18.6% 14.2% 10 April 2025 Aalberts N.V. | general meeting 2025 7
Slide 8: Operational development | building
operational development | building revenue performance o full year organic revenue (3.0%) o EBITA margin down at 12.9% o Q4 organic revenue 2.0% o strong pricing discipline growing o major improvement in USA thanks to operations excellence with improved o better activity in USA, United service level
Slide 9: Operational development | industry
operational development | industry revenue performance o full year organic revenue (7.5%) o sustained high EBITA margin 18.6% o Q4 organic revenue (9.2%) o business development plans progressing growing o capacity expansion well on track o aerospace, power generation, defence and hydrogen valves o s
Slide 10: Operational development | semicon
operational development | semicon revenue performance o full year organic revenue 4.7% o sustained EBITA margin 14.2% o Q4 organic revenue (10.4%) due to o capacity expansions are on track inventory reduction from our customers o invested in new technologies growing o reinforced the organisation for
Slide 11: Environmental performance
environmental performance SDG rate scope 1 and 2 CO2 reduction (in %) (scope 1 and 2 in ktonnes) 71% 220 2030 target >70% 2030 target <186 2024 71% 2024 220 +1% -12.3% 2023 70% 2023 251 2019 64% 2018 310 we have made great progress on environmental performance 10 April 2025 Aalberts N.V. | general m
Slide 12: Diverse and experienced executive team
diverse and experienced executive team Stéphane Simonetta Oliver Jäger Patrick de Groot Maarten van de Veen Jacob Speight Roland Voermans CEO surface advanced hydronic integrated piping integrated piping technologies mechatronics flow control systems Americas systems EMEA/APAC Anne-Lize van Arno Mon
Slide 13: Financial development
financial development Arno Monincx
Slide 14: Financial development
financial development revenue EBITA margin capital expenditure free cash flow (in EUR million) (in % before exceptionals) (in EUR) (in EUR million before exceptionals) organic (0.7) 3% (21%) (3.4%) 3,324 15.7 423 3,149 15.0 231 224 334 2023 2024 2023 2024 2023 2024 2023 2024 o building (3.0%) o adde
Slide 15: Revenue split
revenue split revenue per end market revenue per region (in %) (in %) 16 6 22 33 51 72 building 51% Europe 72% industry 33% America 22% semicon 16% APAC, Middle East, Africa 6% 10 April 2025 Aalberts N.V. | general meeting 2025 15
Slide 16: Regional revenue per segment
regional revenue per segment building industry semicon (in %) (in %) (in %) 4 9 6 6 27 23 69 68 88 Europe 69% Europe 68% Europe 88% America 27% America 23% America 6% APAC, Middle East, Africa 4% APAC, Middle East, Africa 9% APAC, Middle East, Africa 6% 10 April 2025 Aalberts N.V. | general meeting
Slide 17: Exceptional costs of EUR 120.5 million
exceptional costs of EUR 120.5 million » accelerated operational excellence programmes (EUR 54.8 million) annual benefit of approx. EUR 30 million (2024: EUR 10 million) » decision to leave Russia (EUR 37.0 million) » outcome of an arbitral award (EUR 28.7 million) 10 April 2025 Aalberts N.V. | gene
Slide 18: Shareholder return
shareholder return dividend proposal share buyback cash dividend EUR 1.13 per share EUR 75 million programme (2023: EUR 1.13) 1.13 » commencing on 28 February 2025 » end date of 24 October 2025 0.80 » for the purpose of repurchasing and subsequently cancelling shares 0.46 » reinforcing our dedicatio
Slide 19: Shareholder value creation
shareholder value creation return on incremental earnings per share dividend per share share buyback capital employed (in EUR before exceptionals) (in EUR) (before exceptionals) 1.13 3.12 capital EBITA employed 247 2014 1,854 1.52 EUR 75 million 0.46 471 2024 3,203 programme start (4) IFRS 16 (191)
Slide 20: 50 years of sustainable profitable growth
our track record 50 years of sustainable profitable growth group of 4 technology 3 business companies clusters segments 3500 3,149 600 3000 revenue (in EUR million) 2,841 EBITA (in EUR million before exceptionals) 500 2500 471 2,201 400 2000 363 1500 1,405 300 247 1000 898 200 500 385 107 99 100 130
Slide 21: Strategy in action
strategy in action Stéphane Simonetta
Slide 22: Thrive 2030
thrive 2030 refocus. rebalance. recharge.
Slide 23: Key message capital markets day
key message capital markets day 1 on track and committed to realise 2026 targets, new strategic horizon 2025-2030 2 well positioned for growth, tailwind in attractive end markets with leadership positions 3 stakeholder value creation through balanced capital allocation, M&A as accelerator 4 a simpli
Slide 24: Strategic actions
strategic actions 1 profitable growth 2 leadership positions 3 the Aalberts way 4 sustainable commitments refocus. rebalance. recharge. 10 April 2025 Aalberts N.V. | general meeting 2025 24
Slide 25: Organic growth initiatives – examples building
1 organic growth initiatives – examples building prefab connectivity data centre air condition and leakage prevention solutions solutions refrigeration market ease of installation container with IoT enabled systems hydronic cooling and cool press connection systems prefabricated boiler with real tim
Slide 26: Organic growth initiatives – examples industry
1 organic growth initiatives – examples industry HIP capacity Hungary capacity Europe America expansion America expansion expansion expansion hydrogen valves heat treatment reel-to-reel material heat treatment for hydrogen mobility develop e-coating and expansion of reel-to- improvement for rear sus
Slide 27: Organic growth initiatives – examples semicon
1 organic growth initiatives – examples semicon capacity expansion full life cycle integrated large co-development defence in Netherlands support frames and modules products and services industry modules, cabinets & repair, reuse, retrofit new state-of-art vertical integration precision frames lay-o
Slide 28: Innovate to differentiate
1 innovate to differentiate building industry semicon customer enable energy transition enable decarbonisation design to value need tackle labour shortages journey of our customers long-term partnership invest in digital offering focus invest in R&D and invest in subsystem integration our integrated
Slide 29: Leadership positions, portfolio optimisation
22 leadership positions portfolio optimisation acquisitions divestments SGP industry Paulo* industry EPC building thermal spray coating industrial heat treatment copper solder fitting and finishing services provider and related manufacturer provider service annual revenue approx. annual revenue appr
Slide 30: The Aalberts way
3 the Aalberts way speed and agility global scale end-to-end expertise and accountability financial strength rapid growth functional local presence and excellence customer proximity drive synergies the Aalberts way as our differentiator 10 April 2025 Aalberts N.V. | general meeting 2025 30
Slide 31: Net zero carbon roadmap
4 net zero carbon roadmap net zero carbon focus initiatives 2022-2026 targets 2030 2050 scope 1+2 o drive energy efficiency energy use continue o electrification progress38% intensity50% in CO2 intensity and absolute progress o use renewable energy 2024 versus 2018 versus 2018 raw materials o redu
Slide 32: Roadmap towards 2026 EBITA
roadmap towards 2026 EBITA illustrative >16% portfolio optimisation purchase savings building segment organic operations 15% growth productivities operational excellence programmes 2024 2026 on track to reach 2026 objective 10 April 2025 Aalberts N.V. | general meeting 2025 32
Slide 33: 2025 outlook
2025 outlook aalberts
Slide 34: Looking forward to 2025
looking forward to 2025 building industry semicon market o modest recovery Europe o automotive, machine build, o destocking from customers dynamics o Germany and France remain agriculture headwinds, o major innovations required challenging especially in Germany and France o refurbishment growth o gr
Slide 35: 10 April 2025 Aalberts N.V. | general meeting 2025
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Slide 36: Summary
summary 1 Aalberts delivered resilient performance in challenging end markets 2 accelerated operational excellence programmes, cost-out excellence and inventory optimisation in place to address short term challenges 3 active funnel for further acquisitions to strengthen our leadership positions 4 fo
Slide 37: Questions & answers
questions & answers aalberts.com/investors aalberts.com/investors