Jungheinrich Ag Pref · XETR:JUN3
Jungheinrich Ag Pref — Jungheinrich — Virtual Analyst Conference for the 2022 financial year
28 slides from Jungheinrich Ag Pref's conference presentation, Mar 31, 2023
Slide 1: Virtual Analyst Conference for the 2022 financial year
Virtual Analyst Conference for the 2022 financial year Dr Lars Brzoska (Chairman of the Board of Management) Dr Volker Hues (Member of the Board of Management, Finance) Hamburg, 31 March 2023
Slide 2: 2022 Highlights, Key figures for 2022, Outlook for 2023
1 2022 Highlights Dr Lars Brzoska 2 Key figures for 2022 Dr Volker Hues 3 Outlook for 2023 Dr Lars Brzoska 31/03/2023 Virtual Analyst Conference 2
Slide 3: 2022 financial year: Jungheinrich proves successful and resilient
2022 Highlights Key figures for 2022 Outlook for 2023 2022 financial year: Jungheinrich proves successful and resilient Successful New records Dividend per preferred share: crisis management for revenue and EBIT historic high maintained Focussed implementation of Acquisition of Further sustainabilit
Slide 4: Strong Q4 2022 leads to excellent overall performance
2022 Highlights Key figures for 2022 Outlook for 2023 Strong Q4 2022 leads to excellent overall performance Q4 2021 Q4 2022 Change % Incoming orders in € million 1,287 1,197 –7.0 Revenue in € million 1,220 1,366 12.0 EBIT in € million 101.2 120.1 18.7 EBIT ROS in % 8.3 8.8 – EBT in € million 99.5 11
Slide 5: 2022 forecast achieved, slightly exceeded for EBIT, EBIT ROS and EBT
2022 Highlights Key figures for 2022 Outlook for 2023 2022 forecast achieved, slightly exceeded for EBIT, EBIT ROS and EBT Actual 2022 Forecast 09/20221) Incoming orders in € billion 4.79 4.6 to 4.9 Revenue in € billion 4.76 4.6 to 4.8 EBIT in € million 386 340 to 380 EBIT ROS in % 8.1 7.2 to 8.0 EB
Slide 6: New key targets added for Strategy 2025+
2022 Highlights Key figures for 2022 Outlook for 2023 New key targets added for Strategy 2025+ Our targets for 2025 Our strategic fields of action Revenue of €5.5 billion with CAGR of 7% EBIT ROS between 8–10 % GLOBAL FOOTPRINT AUTOMATION EBIT per employee ~€23,000 ROCE between 21–25% Free cash flow
Slide 7: Acquisition of Storage Solutions underpins Strategy 2025+
2022 Highlights Key figures for 2022 Outlook for 2023 Acquisition of Storage Solutions underpins Strategy 2025+ Leading provider of ready to use racking systems and warehouse automation in the USA Established company with highly profitable and fast revenue growth and a strong regional presence Expan
Slide 8: Ambitious sustainability targets
2022 Highlights Key figures for 2022 Outlook for 2023 Ambitious sustainability targets Contribute to climate neutrality Reduce resource & energy consumption Net-zero greenhouse gas emissions 0% landfill waste from German plants by 2025 in Scope 1 & 2 by 2030 Sustainable products & Promote the health
Slide 9: Sustainability milestones achieved in 2022
2022 Highlights Key figures for 2022 Outlook for 2023 Sustainability milestones achieved in 2022 Market launch: Sustainable procurement New plant in Romania: CO2e-neutral expanded in line with Act on expands reconditioning after sales service Corporate Due Dilligence in capacity for used trucks. in
Slide 10: 2022 Highlights, Key figures for 2022, Outlook for 2023
1 2022 Highlights Dr Lars Brzoska 2 Key figures for 2022 Dr Volker Hues 3 Outlook for 2023 Dr Lars Brzoska 31/03/2023 Virtual Analyst Conference 10
Slide 11: Incoming orders and orders on hand remain at high levels
2022 Highlights Key figures for 2022 Outlook for 2023 Incoming orders and orders on hand remain at high levels Value of incoming orders in Group Orders on hand in € million in € million –2% +5% 4,868 4,791 1,595 1,519 2021 2022 31/12/2021 31/12/2022 ▪ Very high number of orders on hand due to restri
Slide 12: Strong revenue growth despite material supply issues
2022 Highlights Key figures for 2022 Outlook for 2023 Strong revenue growth despite material supply issues Group revenue in € million in € million 2021 2022 Change % New truck business 2,422 2,858 18.0 +12% Short-term rental and 639 710 11.1 used equipment 4,763 After-sales services 1,190 1,310 10.1
Slide 13: Strong position in Europe, balanced and resilient customer structure
2022 Highlights Key figures for 2022 Outlook for 2023 Strong position in Europe, balanced and resilient customer structure Mechanical, 16% 17% Eastern Food industry 8% 11% automotive and Other countries (13%) (17%) Europe (production) (8%) (11%) electrical engineering Chemical 4% industry (4%) 13% (
Slide 14: New record set for EBIT
2022 Highlights Key figures for 2022 Outlook for 2023 New record set for EBIT EBIT EBT in € million in € million +7% –1% 349 347 386 360 EBIT ROS EBT ROS 8.5% 8.1% 8.2% 7.3% 2021 2022 2021 2022 ▪ Appropriate measures to secure margins drive gross profit; burdening factors: materials and logistics co
Slide 15: Profit or loss on a par with previous year
2022 Highlights Key figures for 2022 Outlook for 2023 Profit or loss on a par with previous year Profit or loss Earnings per preferred share1) in € million in € +1% +1% 267 270 2.62 2.65 Tax ratio 23.4% 22.4% 2021 2022 2021 2022 Tax ratio in 2022 results from increased share of revenue outside Germa
Slide 16: Capital expenditure remains on a par with previous year’s level
2022 Highlights Key figures for 2022 Outlook for 2023 Capital expenditure remains on a par with previous year’s level Capital expenditure1) Research and development expenditure in € million in € million +3% +25% 71 73 128 102 Capital expenditure ratio Capitalisation ratio 2% 1.5% 18% 24% 2021 2022 2
Slide 17: Necessary build up of inventories reduces free cash flow
2022 Highlights Key figures for 2022 Outlook for 2023 Necessary build up of inventories reduces free cash flow Cash flows from operating activities Cash flows from investing activities Free cash flow in € million in € million in € million 2021 2022 251 89 2022 2021 2022 2021 -103 -136 -239 -163 ▪ Sh
Slide 18: Sharp increase in working capital and expansion of short-term rental fleet reduce ROCE
2022 Highlights Key figures for 2022 Outlook for 2023 Sharp increase in working capital and expansion of short-term rental fleet reduce ROCE Average capital employed in Working capital, Intralogistics segment Group in € million in € million EBIT in Intralogistics segment 332.7 340.1 1,137 2,085 1,64
Slide 19: Financial services ensure long-term customer loyalty
2022 Highlights Key figures for 2022 Outlook for 2023 Financial services ensure long-term customer loyalty Original value of new Original value of Revenue Trucks in contracts contracts contracts on hand in € million on hand in € million in € million in thousand units +10% +7% +/– 0% +5% 851 1,132 1,
Slide 20: Number of employees reaches approximately 20,000
2022 Highlights Key figures for 2022 Outlook for 2023 Number of employees reaches approximately 20,000 Group employees in full-time equivalents1) +704 + 4% 19,103 19,807 7,995 8,251 11,556 11,108 31/12/2021 31/12/2022 Abroad Germany ▪ 43% of the workforce is in after-sales services 1) Employees, inc
Slide 21: 2022 Highlights, Key figures for 2022, Outlook for 2023
1 2022 Highlights Dr Lars Brzoska 2 Key figures for 2022 Dr Volker Hues 3 Outlook for 2023 Dr Lars Brzoska 31/03/2023 Virtual Analyst Conference 21
Slide 22: Outlook for 2023 is marked by uncertainty
2022 Highlights Key figures for 2022 Outlook for 2023 Outlook for 2023 is marked by uncertainty RISKS OPPORTUNITIES Availability of materials and Automation and digitalisation stability in supply chain Russia-Ukraine war Globalisation and reversals of trends Rising interest rates and inflation Susta
Slide 23: 2023 forecast
2022 Highlights Key figures for 2022 Outlook for 2023 2023 forecast Actual 2023 2022 forecast ASSUMPTIONS Incoming orders in € billion 4.8 4.8 to 5.2 ▪ Storage Solutions taken into account on a pro-rata basis Revenue in € billion 4.8 4.9 to 5.3 ▪ Supply chains remain intact, with EBIT in € million 3
Slide 24: Our central target: Creating sustainable value
2022 Highlights Key figures for 2022 Outlook for 2023 Our central target: Creating sustainable value PROFITABILITY Margin focus | Cash is king | Dividend continuity EFFICIENCY Customer centricity | Lean processes | Easy to deal with SUSTAINABILITY Creating value for all | Deep entrepreneurial anchor
Slide 25: Disclaimer
Disclaimer The explanations in this presentation are forward-looking statements that are based on the company management’s current expectations, assumptions and assessments for future developments. Such statements are subject to risks and uncertainty that are largely beyond the company’s control. Th
Slide 26: Jungheinrich
DUNGHEINRICH
Slide 27: Q&A
Q&A 31/03/2023 Virtual Analyst Conference 27
Slide 28: 2023 financial calendar and IR contact
2023 financial calendar and IR contact IR contact Date Events Andrea Bleesen 31/03/2023 Balance sheet press conference (virtual) Head of Corporate Investor Relations 31/03/2023 Analyst conference (virtual) Jungheinrich Aktiengesellschaft Friedrich-Ebert-Damm 129 08/05/2023 Interim statement as of 31
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