Slide 1: Growth in full swing
Growth in full swing Introduction / Investor presentation first half year 2024
Slide 2: Introduction
Introduction
Slide 3: We are the only company focusing solely on safety-critical control centres
We are the only company focusing solely on safety-critical control centres Air Traffic Management Public Safety and Transport Civil Defence Public Safety Public Transport Maritime Air navigation service Air force Police forces Heavy rail Coast guard / navy providers Army Fire services Urban rail Off
Slide 4: A strong network around the world
A strong network around the world with hubs for added customer proximity 500+ customers 150 countries 150+ Active channel partners for 125 countries Regional offices Channel partners Frequentis Hubs 1947 1955 1983 1990 - 1999 2000 - 2009 2010 - 2019 SVK UK GER CAN USA AUS ROU BRA CHI NOR UAE Frequen
Slide 5: Five years listed in Vienna and Frankfurt
5 years listed in Vienna and Frankfurt Figures compare FY 2023 vs. FY 2018 ▪ Revenues +50% ▪ EBIT margin increased to 6.2% ▪ Order intake +65%, orders on hand +67% ▪ Employees +400 Hinweis: Vergleichszahlen Gesamtjahr 2023 vs. Gesamtjahr 2018 5 | Investor Presentation November 2024 © Frequentis AG 2
Slide 6: Consistent M&A strategy: Expansion of product and technology portfolio
Consistent M&A strategy: Expansion of product and technology portfolio 5 years listed on the stock exchange: 10 acquisitions ATRiCS Nemergent Orthogon ATC C4i Regola Aviamaps FRAFOS GuardREC Groiss Germany, Spain, Germany, Canada, Australia, Italy, Finland, Germany, ATC Informatics ATM PST ATM ATM A
Slide 7: Operational developments
Operational developments
Slide 8: Highlights H1 2024
Highlights H1 2024 Order intake Orders on hand Revenues Order intake and revenue grew about 10% €227.9m €621.1m €206.2m Orders on hand > 600m +9.6% vs. H1’23 +13.6% vs. June’23 +10.4% vs. H1’23 thereof 99.2% EBIT shows usual seasonality organic growth EBITDA Equity ratio Net cash1 €6.7m 38.8% €66.6m
Slide 9: Order intake / project highlights
Order intake / project highlights ATM: ATM: Public Safety: Digitalisation of Renewal of military strategic market FAA radar data network expansion ▪ Federal Aviation Administration ▪ Nationwide sensor network at 22 ▪ Tait Communications to bring selects Frequentis for digitalisation locations of Bun
Slide 10: Safety-critical solutions for Germany since 1990
Safety-critical solutions for Germany since 1990 Voice communication for Voice communication for 4 area control centres & 20+ airports 36 towers Air situation picture for 55+ voice switching systems search & rescue Remote tower systems 200 mn National Control and passengers Reporting Cen
Slide 11: Record high order intake
Record high order intake Confirmed orders in €m. 228 208 +10% Public Safety & 172 82 Transport 157 161 75 (PST) 55 43 40 Air Traffic 146 Management 133 117 117 118 (ATM) H1 2020 H1 2021 H1 2022 H1 2023 H1 2024 11 | Investor Presentation November 2024 © Frequentis AG 2024
Slide 12: Orders on hand > €600m for the first time
Orders on hand > €600m for the first time Orders on hand Revenues 61% ATM, 39% PST 70% ATM, 30% PST 621 206 547 +14% 187 +10% 498 167 61 453 243 445 145 64 203 132 178 54 165 161 42 56 145 344 378 113 123 281 292 320 90 89 June June June June June H1 H1 H1 H1 H1 2020 2021 2022 2023 2024 2020 2021 20
Slide 13: Revenues growth in all regions
Revenues growth in all regions Revenues by region in €m Revenues split in H1 2024 ▪ Stable business model fosters growth 131 ▪ Strong European 126 Australia/ home market 36 Pacific/Africa ▪ Current product portfolio Asia 7% can address a quarter of 27 12% total market 24 20 Europe 15 15 Americas 17%
Slide 14: Annual view: revenues and EBIT margin development
Annual view: revenues and EBIT margin development Group Air Traffic Management Public Safety & Transport 427.5 293.3 133.8 127.7 386.0 257.8 113.6 333.5 219.8 303.6 299.4 211.2 96.3 203.1 92.4 14.6% 12.7% 12.4% 11.7% 9.0% 7.2% 8.7% 7.5% 5.7% 5.7% 6.5% 6.2% 4.9% 4.0% 16.6 16.7 3.4% 12.3 14.9 26.8 29.
Slide 15: Revenues split
Revenues split Split by category in 2023 Split by revenues type 3% <10% 3% >35% 36% ~20% 61% 30% Follow-on business for installed In-project services systems and solutions Maintenance (IBB/installed base business) Software New products for established customers and exisiting products Hardware for ne
Slide 16: Growth markets: Our innovations in operational use
Growth markets: Our innovations in operational use Growth drivers: Security – Mobility – Technology Digital Tower Drone management Networks Innovative technology to Coexistence of uncrewed aerial Networks for air traffic management, improve efficiency, safety, vehicles and crewed aircraft in police
Slide 17: Outlook and management agenda for 2024
Outlook and management agenda for 2024 Orders Aim to EBIT margin on hand increase in 2024 €621m revenues and about 6% 30 June ‘24 order intake Good basis for revenues for CapEx of about €12m. Inflation and start-up costs full year 2024 and beyond. Company-funded R&D for major projects acquired in 20
Slide 18: Financial appendix
Financial appendix
Slide 19: Key figures Frequentis Group
Key figures Frequentis Group All figures in € m unless otherwise stated. +/- in Earnings data 2023 2022 +/- in % 2021 2020 20191) 2018 2017 2016 2015 2014 2013 €m Revenues 427.5 386.0 +10.8% +41.5 333.5 299.4 303.6 285.8 266.9 241.2 220.2 204.0 186.3 EBITDA 44.2 45.6 -3.2% -1.5 46.5 41.9 30.2 21.6 2
Slide 20: Reasons to invest in Frequentis
Reasons to invest in Frequentis Growing faster Largely Growth drivers than the market fully intact Independent of macroeconomic trends Av. 8% revenues growth Stability Security in the past 5 years for decades Mobility Av. 4-5% market growth Technology 20 | Investor Presentation November 2024 © Frequ
Slide 21: Strong seasonality of EBITDA and EBIT: 2nd half year key period for profitability
Strong seasonality of EBITDA and EBIT: 2nd half year key period for profitability EBITDA EBIT Comments in € m ▪ EBITDA and EBIT show typically strong seasonality ▪ H1 ’24 impacted by higher inflation in 2023 and resulting 46.5 salary increases in 2024 45.6 44.2 41.9 ▪ Half-year results typically 30.
Slide 22: Working capital overview
Working capital overview Components of working capital Comments Net working capital in ▪ Inventories higher due to 14.9% 17.8% 18.8% 18.8% 20.5% % of LTM (last twelve stocking of electrical months) revenues components and assemblies in € m 91.8 to meet long-term delivery 76.4 80.3 33.5 Inventories a
Slide 23: Financial policy framework
Financial policy framework Maintain net cash Equity ratio Capex of about R&D expenses position at a of > 35% €12m in 20241 in 2024 above minimum level of 2023 level of about 10% of €25.2m Group revenues 1) Including customer systems to be leased. 23 || Investor Presentation November 2024 23 © Freque
Slide 24: About us appendix
About us appendix
Slide 25: #1 in control centre solutions
Vision #1 in control centre solutions €13.1bn Annual total market Mission-critical services R&D Remote Digital Tower Drone Mgmt. via 5G/LTE New deployment models (Cloud, Software-as-a-Service) €3.2bn addressable M&A (10 acquisitions since IPO: 6 in ATM, 4 in PST) market 25 | Investor Presentation No
Slide 26: Leadership team
Leadership team Executive board Norbert Haslacher Monika Haselbacher Peter Skerlan Karl Wannenmacher CEO COO CFO CTO Strategy, Global Sales, Strategic Project Management & PMO, Finance, Human Resources, IT, Technology Management, Business Units, Corp. Comms & Customer Services, Health Safety Legal,
Slide 27: Our experts for a safer world.
Our experts for a safer world. We build solutions that enable our customers to make the world a safer place. 43 38 av. age av. entry age 6.6% 56 staff turnover 2,300 nationalities Global Employees 1,100 ~4,500 Austria Initiatives to increase applications/ year proportion of women Women@Frequentis
Slide 28: Shareholder structure
Shareholder structure Shareholder structure Core shareholder H. Bardach about 68% B&C Holding Österreich >10% Free float about 22% 13,280,000 Listed on Frankfurt and Vienna shares outstanding stock exchanges ATFREQUENT09 ISIN FQT Ticker symbol 14 May 2019 www.frequentis.com/en/ir Investor relations
Slide 29: Contact / Financial Calendar
Contact / Financial Calendar Investor Relations contact Financial Calendar Stefan Marin, Head of Investor Relations Conference / roadshow dates at www.frequentis.com/financialcalendar +43 1 81150 - 1074 investor@frequentis.com www.frequentis.com/en/ir Innovationsstrasse 1, 1100 Vienna, Austria ISIN:
Slide 30: For a safer world
FOR A SAFER WORLD investor@frequentis.com