Slide 1: Interim report Q1/2022
Interim report Q1/2022 Esa Harju CEO Juha Hyytiäinen CFO Teleste Proprietary. All rights reserved. Company restricted
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the Company. The information on which it is based has not been independently verified by any other person. This presentation is not intended to provide the basis of any investment decision and should not be considered as a recommendation by the Compa
Slide 3: Summary Q1 2022
Summary Q1 2022 Order backlog increased, but profitability declined in a challenging operating environment • Orders received 59.9M€ (+66.3% vs. Q1 2021) • Net sales 38.0M€ (+2.6% vs. Q1 2021) • Adjusted operating result 0.1M€ (-93.3% vs. Q1 2021) • Operating result 0.1M€ (-97.9% vs. Q1 2021) • Earni
Slide 4: Highlights
Highlights Showcasing Cable’s 10G future We participated in the first successful DOCSIS 4.0 ESD amplifier cascade demonstration that took place in CableLabs’ 10G Showcase event in April. In the demonstration, an end-to-end system was created to showcase the superior performance of DOCSIS 4.0. The sy
Slide 5: Highlights
Highlights Strengthening presence in the Italian public transport market Teleste acquired Ermetris, the Italian company specialised in rail- specific services and electronic products. The acquisition will increase our competences and help us offer our customers increased local presence in Italy. It
Slide 6: Teleste Group – Q1 2022
Teleste Group – Q1 2022 Orders received increased significantly year-on-year and quarter-on-quarter. Growth took place both in video security and public transport information solutions and access network products. Order book increased by 71,5 % year-on-year to new record level and amounted to 13
Slide 7: Orders Received
Orders Received 200 175,5 180 160 140 120 4Q M€ 100 3Q 80 2Q 59,9 60 1Q 40 59,9 20 36,0 0 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 7 Company restricted
Slide 8: Order Book (at the end of period)
Order Book (at the end of period) Teleste Group, M€ 140 130 120 130,6 110 100 108,6 90 80 M€ 70 77,1 71,0 73,2 60 50 40 30 20 10 0 2018 2019 2020 2021 2022/3 Teleste Proprietary. All rights reserved. Company confidential 8 Company restricted
Slide 9: Net Sales
Net Sales 180 160 144,0 140 120 4Q 100 M€ 3Q 80 2Q 60 1Q 38,0 40 20 37,0 38,0 0 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 9 Company restricted
Slide 10: Adjusted Operating Profit
Adjusted Operating Profit 7 6 5,5 5 4Q 4 M€ 3Q 3 2Q 2 1Q 1 1,5 0,1 0 0,1 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential Company restricted
Slide 11: Net Profit
Net Profit 8 6,9 7 6 5 4Q 4 3Q M€ 2Q 3 1Q 2 3,7 1 0,1 0 0,1 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 11 Company restricted
Slide 12: Cash Flow From Operations
Cash Flow From Operations 16 13,5 - 4,8 14 12 10 8 1Q 6 2Q M€ 4 2,6 3Q 2 4Q 0 -2 -4 -6 - 4,8 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 12 Company restricted
Slide 13: Balance sheet March 31
Balance sheet March 31 Assets Equity and Liabilities 140,0 140,0 132,3 132,3 Intangibles 48,1 Equity 45,8 69,5 Tangibles 67,2 12,4 8,9 Debt Inventories 32,4 30,3 Trade 29,7 Trade 29,8 receivables payables 33,4 26,6 21,1 Other 16,4 receivables 4,3 Other 6,8 16,4 liabilities 19,7 18,9 Cash 6,9 31.03.2
Slide 14: Personnel (average during the period)
Personnel (average during the period) Discontinued operations excluded 2020 onwards 1 600 1 400 1 393 1 363 1 200 1 000 800 856 863 854 600 400 200 0 2018 2019 2020 2021 2022Q1 Cableway divestment in 2020 Teleste Proprietary. All rights reserved. Company confidential 14 Company restricted
Slide 15: R&D costs
R&D costs 16 16% 1-3 2022 1-3 2021 M€ 3,8 3,5 14 14% 14,4 % of sales 10,1 % 9,5 % 13,5 12 12,5 12% R&D costs, M€ 10,0 % 10,1 % % of net sales 10 10,8 10% 8 7,4 % 8% 5,7 % 6 5,0 % 6% 4 4% 3,8 2 2% 0 0% 2018 2019 2020 2021 2022Q1 Cableway divestment in 2020 Teleste Proprietary. All rights reserved. Co
Slide 16: Investments
Investments 14 14% 1-3 2022 1-3 2021 M€ 3,8 1,7 12 12% % of sales 10,1 % 4,6 % 10,1 % 10 10% % of net sales 7,7 % 8 8% 5,5 % 6 6% 4,5 % 4 2,8 % 4% 2 2% 7,0 13,0 6,6 11,1 3,8 0 0% 2018 2019 2020 2021 2022Q1 Cableway divestment in 2020 Teleste Proprietary. All rights reserved. Company confidential 16
Slide 17: Return on Capital Employed
Return on Capital Employed Including discontinued operations 15% 10,2 % 10% 9,3 % 5% 1,6 % 0,9 % 0% -5% -4,5 % -10% 2018 2019 2020 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 17 Company restricted
Slide 18: Equity Ratio (at the end of period)
Equity Ratio (at the end of period) Including discontinued operations 60% 50% 53,3 % 51,9 % 51,7 % 49,5 % 48,8 % 40% 30% 20% 10% 0% 2018 2019 2020 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 18 Company restricted
Slide 19: Net gearing (at the end of period)
Net gearing (at the end of period) Including discontinued operations 50% 40% 30% 34,1 % 32,8 % 20% 20,2 % 17,0 % 10% 5,9 % 0% 2018 2019 2020 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 19 Company restricted
Slide 20: Net Debt / EBITDA (12 mth rolling)
Net Debt / EBITDA (12 mth rolling) 3,5x 3,0x 2,5x 2,4x 2,0x 1,9x 1,5x 1,0x 0,9x 0,9x 0,5x 0,3x 0,0x 2018 2019 2020 2021 2022Q1 Teleste Proprietary. All rights reserved. Company confidential 20 Company restricted
Slide 21: Outlook for 2022
Outlook for 2022 Teleste estimates that net sales in 2022 will exceed the net sales of 2021 and that the adjusted operating result in 2022 will exceed the adjusted operating result of 2021. Net sales in 2021 were EUR 144.0 million, and the adjusted operating result was EUR 5.5 million. The indirect