Comer Industries Spa · MIL:COM

Comer Industries Spa — 6th Midcap CEO Conference Paris 2023

37 slides from Comer Industries Spa's conference presentation, Nov 15, 2023

  1. Slide 1: 6th Midcap CEO Conference

    6 MIDCAP th CEO CONFERENCE Paris – 15 November 2023

  2. Slide 2: Disclaimer

    COMER INDUSTRIES 2023 DISCLAIMER This document has been prepared by Comer Industries S.p.A (“Comer Industries”) for use during meetings with investors and financial analysts and is solely for information purposes. The information set out herein has not been verified by an independent audit company.

  3. Slide 3: Agenda

    COMER INDUSTRIES 2023 AGENDA 1.WHO WE ARE 2.BUSINESS MODEL 3.SUSTAINABILITY DEVELOPMENT 4.FOCUS ON M&A 5.KEY FINANCIAL INDICATORS 9M YTD 2023 1. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  4. Slide 4: 1. Who We Are

    COMER INDUSTRIES 2023 1. WHO WE ARE 2. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  5. Slide 5: Comer Industries at a Glance

    1. WHO WE ARE COMER INDUSTRIES 2023 COMER INDUSTRIES AT GLANCE Global leader in the design and production of advanced engineering systems and mechatronic solutions for power transmission HEADQUARTER Reggiolo (RE) ITALY ~4.000 EMPLOYEES ACROSS 3 CONTINENTS 18 PLANTS FOR A GLOBAL FOOTPRINT 75% Europe

  6. Slide 6: Key Success Factors

    1. WHO WE ARE COMER INDUSTRIES 2023 KEY SUCCESS FACTORS 1 Global supplier of engineered transmission system for major vehicle manufacturers in the global agriculture, industrial and energy sectors 2 Focus on end-markets with constant growth in global demand for specialty machinery 3 Solid and flexib

  7. Slide 7: Milestones

    1. WHO WE ARE COMER INDUSTRIES 2023 MILESTONES Listing to EURONEXT MILAN 5. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  8. Slide 8: 2022 All-Time High

    1. WHO WE ARE COMER INDUSTRIES 2023 2022 ALL-TIME HIGH Solid business coupled with growing profitability * 6. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  9. Slide 9: Executive Team

    1. WHO WE ARE COMER INDUSTRIES 2023 EXECUTIVE TEAM 7. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  10. Slide 10: Main Shareholders & Governance

    1. WHO WE ARE COMER INDUSTRIES 2023 MAIN SHAREHOLDERS & GOVERNANCE MAIN SHAREHOLDERS BOARD OF DIRECTORS N. % % SHAREHOLDER MATTEO STORCHI Shares Share capital Voting right PRESIDENT & CEO Eagles Oak S.r.l. 14.640.089 51.0% 65.0% WPG Parent B.V. 6.843.365 23.9% 15.2% 6.2% 7.7% MARCO STORCHI CRISTIAN

  11. Slide 11: 2. Business Model

    COMER INDUSTRIES 2023 2. BUSINESS MODEL 9. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  12. Slide 12: Drivers & Megatrends

    2. BUSINESS MODEL COMER INDUSTRIES 2023 DRIVERS & MEGATRENDS CONSEQUENCES AUTOMATION & ROBOTICS 10. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  13. Slide 13: Strategic Pillars

    2. BUSINESS MODEL COMER INDUSTRIES 2023 STRATEGIC PILLARS Leverage on strong balance sheet, product quality and customers relationship to progressively build market share in both agriculture and industrial segments 11. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  14. Slide 14: Current Addressable Markets

    2. BUSINESS MODEL COMER INDUSTRIES 2023 CURRENT ADDESSABLE MARKETS * 12. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  15. Slide 15: Our Products & Services

    2. BUSINESS MODEL COMER INDUSTRIES 2023 OUR PRODUCTS & SERVICES * 13. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  16. Slide 16: Brands Line-up

    2. BUSINESS MODEL COMER INDUSTRIES 2023 BRANDS LINE-UP Leading market position with top tier brands across all mechanical component's segments & services 14. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  17. Slide 17: Our Main Clients

    2. BUSINESS MODEL COMER INDUSTRIES 2023 OUR MAIN CLIENTS Long lasting relationships with a diversified customer base 15. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  18. Slide 18: 3. Sustainability Development

    COMER INDUSTRIES 2023 3. SUSTAINABILITY DEVELOPMENT 16. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  19. Slide 19: Our Sustainability Road Map

    COMER INDUSTRIES 2023 3. SUSTAINABILITY DEVELOPMENT OUR SUSTAINABILITY ROAD MAP Launch of the First sustainability First consolidated program of report with (Comer Industries and First steps sustainability reference to GRI Walterscheid) development Standards Sustainability Report • Integration of QH

  20. Slide 20: Long Term Strategy - Model

    COMER INDUSTRIES 2023 3. SUSTAINABILITY DEVELOPMENT LONG TERM STRATEGY - MODEL P riority SDGs M acro-trend and benchm ark analysis SUSTAINABILITY POLICY R egulatory LONG TERM PLAN (2030) fram ew ork M ateriality Materiality Analysis Analysis ANNUAL SUSTAINABILITY PLAN REPORTING 18. 6TH MIDCAP CEO CO

  21. Slide 21: Long Term Strategy - Plan

    COMER INDUSTRIES 2023 3. SUSTAINABILITY DEVELOPMENT LONG TERM STRATEGY - PLAN 19. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  22. Slide 22: 4. Focus on M&A

    COMER INDUSTRIES 2023 4. FOCUS ON M&A 20. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  23. Slide 23: 2021: Strategically Transformational

    4. FOCUS ON M&A COMER INDUSTRIES 2023 2021: STRATEGICALLY TRANSFORMATIONAL The integrated Group represents a world leader in the agriculture and industrial sectors for specialized machines components Transformational industrial combination creating a world industry leader and consolidator in the mec

  24. Slide 24: 2022: M&A Strategy Growth Continues

    4. FOCUS ON M&A COMER INDUSTRIES 2023 2022: M&A STRATEGY GROWTH CONTINUES Investment in e-comer opens the doors to a strategic sector, characterized by historical long-term growth Indisputable leader in Electric motor vehicles applications Know-how, investment to preserve the value of Italian excell

  25. Slide 25: Technology Strategy

    4. FOCUS ON M&A COMER INDUSTRIES 2023 TECHNOLOGY STRATEGY 2021 2022 Mechanical Electric Partners Technology * Electronic Partners Hydraulic Partners Partners 23. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  26. Slide 26: Field Applications

    4. FOCUS ON M&A COMER INDUSTRIES 2023 FIELD APPLICATIONS E-Farming & Constructions E-Mobility Marine & Military Leisure & Luxury * 24. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  27. Slide 27: Strategy Growth Through Acquisition

    4. FOCUS ON M&A COMER INDUSTRIES 2023 STRATEGY GROWTH THROUGH ACQUISITION Acquisitions are fully aligned with the Group’s development strategy 2022 2021 LEVERS FOR VALUE CREATION Broadening products range 1 offering 2 Market consolidation 3 Sector diversification 4 Know-how 5 Sustainability 25. 6TH

  28. Slide 28: 5. Key Financial Indicators 9M YTD 2023

    COMER INDUSTRIES 2023 5. KEY FINANCIAL INDICATORS 9M YTD 2023 26. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  29. Slide 29: Economic KPI's

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 ECONOMIC KPI’s Margin at record high in a rebalancing market, after a strong performance in 2022 (€m) (€m) REVENUES (% Revenue) EBITDA 16,7% 14,2% (9,5)% 938 952 159 133 14,9% 17,4% 304 275 45 48 Q3 Q3 9M YTD 9M YTD Q3 Q3 9M YTD 9M YTD 2022 2023 20

  30. Slide 30: Revenues at a Glance

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 REVENUES AT A GLANCE APAC 14,3% e-comer 2,2% INDUSTRIAL 40,0% LATAM AGRICULTURE 4,1% 60,0% €952m €952m €952m NAM 21,9% EMEA 59,7% Organic 97,8%  Agriculture sector is at the heart of the business; e-comer is fully included in the Industrial sector

  31. Slide 31: Revenues Performance

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 REVENUES PERFORMANCE amount in amount in (€m) (9,5)% Q/Q (€m) +1,5% Y/Y 35 21 304 7 952 6 938 275 Q3 2022 Organic e-comer Q3 2023 9M YTD 2022 Organic e-comer 9M YTD 2023 Growth (11,6)% Growth (0,7)%  9M YTD 2023 Revenues substantially unchanged vs

  32. Slide 32: Revenues by Sector

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 REVENUES BY SECTOR amount in amount in (€m) (9,5)% Q/Q (€m) +1,5% Y/Y 53 24 22 8 952 304 275 938 Q3 2022 AGRICULTURE INDUSTRIAL Q3 2023 9M YTD 2022 AGRICULTURE INDUSTRIAL 9M YTD 2023 Growth (29,0)% 19,5% Growth (1,3)% 6,0% Organic 13,5% Organic 0,2

  33. Slide 33: Revenues by Geography

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 REVENUES BY GEOGRAPHY amount in amount in (€m) (9,5)% Q/Q (€m) +1,5% Y/Y 12 9 26 19 30 304 8 5 5 952 278 278 281 938 275 275 Q3 2022 EMEA NAM LATAM APAC Q3 2023 9M YTD 2022 EMEA NAM LATAM APAC 9M YTD 2023 Growth (14,6)% 13,0% (30,3)% (11,1)% Growth

  34. Slide 34: Business Performance

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 BUSINESS PERFORMANCE (Revenues in €m) (Q/Q Growth rate %) 21,2% 17,0% 22,0% 12,4% 11,0% 2,7% (9,5%)  EBITDA margin confirmed at record high level despite of the contraction of the Top line 346 322,2 331 311,5 304,4 299 275 Q1 2022 Q2 2022 Q3 2022

  35. Slide 35: Financial KPI's

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 FINANCIAL KPI’s Ongoing de-leveraging confirms solid financial strength (€m) NET FINANCIAL POSITION FY 2022 9M YTD 2023 (119) (149) Leverage ratio 0,8x 0,6x 33. 6TH MIDCAP CEO CONFERENCE – PARIS 15TH NOVEMBER

  36. Slide 36: Net Financial Position

    5. KEY FINANCIALS 9M YTD 2023 COMER INDUSTRIES 2023 NET FINANCIAL POSITION amount in (€m) FY 2022 Cash Flow M&A Diviend 9M YTD 2023  NFP improved €29,7m vs FY2022 notwithstanding M&A and Dividend (119) 54  Ongoing de-leverage in place, ratio decreased to (149) 0,6x from 0,8x 105 22  Debts for Lea

  37. Slide 37: Thank You

    THANK YOU. COMER INDUSTRIES 2023 Contact: Alessandro Brizzi – Investor Relator E-mail: alessandro_brizzi@comerindustries.com Phone: +39 0522 974569

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