Facc Ag · VIE:FACC
Facc — Kepler Cheuvreux (April 2022)
36 slides from Facc's conference presentation, Apr 6, 2022
Slide 1: FACC AG
06.04.2022 1 FACC AG – Confidential and/or Proprietary
Slide 2: FACC Overview
FACC OVERVIEW 100% Aerospace technology & 500 R&D employees, >300 patents, 400 Engineers to secure turnkey capability composite lightweight 10% research quota Tier-1 2.500 FACC AG – Confidential and/or Proprietary Partner for all aerospace OEMs Employees from 41 nations Global 100% Export worldwide
Slide 3: Milestones
MILESTONES 2014 Future through experience IPO @ Vienna stock exchange 2013 Opening technology center 2000 New facilites & international expansion 2009 Member of AVIC Group 1999 2018 FACC AG – Confidential and/or Proprietary 1989 Conversion into FACC AG New business fields Company foundation Aftermar
Slide 4: Our Value Chain
Product support and repair Research and development Production Conceptual design OUR VALUE Certification and testing CHAIN Detail design and analysis Turn-key solutions FACC AG – Confidential and/or Proprietary step by step Quality engineering Material & process engineering Industrialization Tool &
Slide 5: Global Customer Network
GLOBAL CUSTOMER NETWORK FACC AG – Confidential and/or Proprietary Longstanding relationships with all leading aircraft and engine manufacturers 5 06.04.2022
Slide 6: Tier-1 Partner
TIER-1 PARTNER Wide range of service – from product ideas to customer tailored solutions FACC AG – Confidential and/or Proprietary 6 06.04.2022
Slide 7: Aerostructures Components
AEROSTRUCTURES COMPONENTS CONTROL SURFACES FAIRINGS WING COMPONENTS FACC AG – Confidential and/or Proprietary Spoilers, airbrakes, flaps, Flap track fairings, pylon fairings, Winglets, wing boxes, wing panels, ailerons, rudders, elevators, … wing-to-body fairings, … composite ribs & spares, … 7 06.0
Slide 8: Engines & Nacelles Components
ENGINES & NACELLES COMPONENTS ENGINES COMPONENTS NACELLES COMPONENTS FACC AG – Confidential and/or Proprietary Generator fairings, outer bypass ducts, Engine inlets, fan cowls, blocker doors, splitter fairings, fan track liners, … translating sleeves, pylon fairings, … 8 06.04.2022
Slide 9: Cabin Interiors Solutions
CABIN INTERIORS SOLUTIONS FACC AG – Confidential and/or Proprietary COMMERCIAL AIRCRAFT BUSINESS JETS FREIGHTERS & HELICOPTERS Cockpit, entrance and passenger Cockpit, cabin and baggage A wide range of options door linings, main cabin incl. compartment linings, cabinets, guarantees customized soluti
Slide 10: Aftermarket Service Solutions
AFTERMARKET SERVICE SOLUTIONS REPAIR Full MRO service package for winglets, sharklet, control surfaces and fairings, full service for NDT inspection, … REFURBISH Handcrafted business or private jet FACC AG – Confidential and/or Proprietary interior refurbishment, passenger luggage space upgrade, cen
Slide 11: FACC Global
Manufacturing Site FACC GLOBAL 06.04.2022 11 FACC AG – Confidential and/or Proprietary
Slide 12: Roadmap FACC 2030
ROADMAP FACC 2030 Committed to the Sky – at all Levels FACC AG – Confidential and/or Proprietary
Slide 13: Roadmap FACC 2030
ROADMAP FACC 2030 Aviation remains core business, UAM & Space will diversify future business FACC AG – Confidential and/or Proprietary 16 06.04.2022
Slide 14: Aerospace Market
Aerospace Market 06.04.2022 17 FACC AG – Confidential and/or Proprietary
Slide 15: Market Overview
MARKET OVERVIEW 06.04.2022 18 FACC AG – Confidential and/or Proprietary
Slide 16: Air Traffic Recovery
AIR TRAFFIC RECOVERY Full recovery expected in 2025 (no change to previous forecasts) FACC AG – Confidential and/or Proprietary 19 06.04.2022
Slide 17: The Market Environment
THE MARKET ENVIRONMENT Step by step traffic recovery in markets with travel restrictions able to ease FACC AG – Confidential and/or Proprietary 22 06.04.2022
Slide 18: Fleet Development until 2040
FLEET DEVELOPMENT UNTIL 2040 Over 39,000 new aircraft, 40% going to Asia FACC AG – Confidential and/or Proprietary 25 06.04.2022
Slide 19: Commercial Aircraft Demand
COMMERCIAL AIRCRAFT DEMAND Trend of shift towards Asia / Pacific remains unchanged FACC AG – Confidential and/or Proprietary 26 06.04.2022
Slide 20: Financial Year 2021
2021 FINANCIAL YEAR 27 06.04.2022 27 FACC AG – Confidential and/or Proprietary
Slide 21: Key Priorities 2021
KEY PRIORITIES 2021 Achieving the operational turnaround Cost adjustment and increased vertical integration Execution of the FACC Strategy 2030 "Committed to the Sky” FACC AG – Confidential and/or Proprietary New orders and increase of FACC's market presence Strengthening financial power 28 06.04.20
Slide 22: Group Figures
GROUP FIGURES EUR 497,6 mill. EUR 70,5 mill. Revenues Free Cashflow -5,5 % to the previous year EUR 4,3 mill. EUR -25,1 mill. Operating EBIT Reported EBIT FACC AG – Confidential and/or Proprietary USD 1 bn. EUR 23,4* mill. New orders Investments in technology and innovation 29 *Cash-effective 06.04.
Slide 23: New Orders: 1 bn. USD
NEW ORDERS: 1 BN. USD FACC AG – Confidential and/or Proprietary Dassault Falcon 10X Manufacturing Airbus A220 Advanced cabin technology First contract in the space sector Structure & Interior lightweight components for Bombardier Global 3500 Ariane 6 30 06.04.2022
Slide 24: Expansion of Production
EXPANSION OF PRODUCTION FACC AG – Confidential and/or Proprietary Start of production for interior components New location for Aftermarket Services in in Jakovlje (Croatia) Melbourne, Florida 31 06.04.2022
Slide 25: Financials
FINANCIALS 06.04.2022 33 FACC AG – Confidential and/or Proprietary
Slide 26: Revenues
REVENUES Revenues heavily impacted by COVID-19 pandemic Revenue development Revenue distribution in million EUR in % Σ 801,3 Jan – Feb 2019 148,2 Mar – Dec 2019 FACC AG – Confidential and/or Proprietary 747,6 781,6 705,6 653,1 580,2 526,9 497,6 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 CY 2019 FY
Slide 27: EBIT
EBIT Reported EBIT influenced by many one-off items due to COVID-19 EBIT development EBIT one-off effects FY 2021 in million EUR in million EUR Σ 15,1 Mar – Dec 2019 60,1 43,6 22,1 Jan – Feb 25 2019 -7 FACC AG – Confidential and/or Proprietary -25,1 -58,8 -74,4 FY 2015/16 FY 2016/17 FY 2017/18 FY 20
Slide 28: Cashflow
CASHFLOW Measures working and improving Cash flow Investments Working Capital in million EUR in million EUR 170,0 167,6 18,2 15,2 11,7 FACC AG – Confidential and/or Proprietary 80,2 1 1 SFY 2019 2020 2021 SFY 2019 2020 2021 38 06.04.2022
Slide 29: Cashflow
CASHFLOW Strong Cashflow control throughout the year Free cashflow – FY 2020 Free cashflow – FY 2021 in million EUR in million EUR FACC AG – Confidential and/or Proprietary 39 06.04.2022
Slide 30: Balance Sheet Figures
BALANCE SHEET FIGURES Encouraging capital KPIs Equity Net financial debt in million EUR in million EUR 232,1 213,2 310,6 177,8 243,2 206,0 FACC AG – Confidential and/or Proprietary 37,3% 37,4% 37,9% 1 1 SFY 2019 2020 2021 SFY 2019 2020 2021 40 06.04.2022
Slide 31: FACC 2022 Key Priorities
FACC 2022 KEY PRIORITIES − Ensure the industry ramp-up and maintains the performance of our customers − Focus on EBIT, Cash Growth and Net Debt − Cost Control & CIP − Strict adherence to inventory management targets (influenced by current market situation) − Secure cash flow from operations FACC AG
Slide 32: Outlook
FACC AG – Confidential and/or Proprietary OUTLOOK STRENGTH THROUGH DIVERSITY 44 06.04.2022
Slide 33: FACC 2022 Business Guidance
FACC 2022 BUSINESS GUIDANCE − FACC revenue growth of 10% through higher customer demand & new projects − Triple EBIT compared to 2021 − Ramp-up of plant 6 (Zagreb) to 300 employees FACC AG – Confidential and/or Proprietary − Investment plan of 30 million in technology & growth 45 06.04.2022
Slide 34: FACC Share and IR Information
FACC SHARE AND IR INFORMATION > Share Information > Shareholder Structure ISIN AT00000FACC2 55,5 % AVIC Cabin 44.5 % Systems Co., Official market Vienna Stock Free Limited Exchange/prime market float Ticker symbol FACC FACC AG – Confidential and/or Proprietary Reuters FACC.VI Bloomberg FACC AV Share
Slide 35: Thank You!
THANK YOU! 06.04.2022 47 FACC AG – Confidential and/or Proprietary
Slide 36: Disclaimer
FACC AG | Confidential and/or Proprietary DISCLAIMER ▪ This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate', 'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-looking statemen