Sts Group Ag · XETR:SF3
Sts — H1 2019 Earnings Presentation
23 slides from Sts's earnings presentation, Aug 7, 2019
Slide 1: Earnings Call H1 2019 Results
EARNINGS CALL H1 2019 Results August 7, 2019
Slide 2: Dr. Ulrich Hauck (CFO) will present STS Group AG Financial Figures for H1 2019
Earnings Call – August 7, 2019 Dr. Ulrich Hauck (CFO) will present STS Group AG Financial Figures for H1 2019 Ulrich Hauck took over the CFO role at STS Group April 1, 2019. His areas of responsibility comprise in particular controlling, accounting, treasury, taxes and IT. Prior to joining STS Group
Slide 3: Agenda
Earnings Call – August 7, 2019 Agenda 1. Market Development 2. Business Highlights H1 2019 3. Financial Highlights Q2 2019 4. Capital Market 5. Outlook STS Group © 2019 Slide 3
Slide 4: Agenda: 1. Market Development
Earnings Call – August 7, 2019 Agenda 1. Market Development 2. Business Highlights H1 2019 3. Financial Highlights Q2 2019 4. Capital Market 5. Outlook STS Group © 2019 Slide 4
Slide 5: Weak automotive markets in Europe and China in H1
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook Weak automotive markets in Europe and China in H1 (values based on 1.000 production output, source: IHS Markit Data and Management estimates) Light Vehicle1) Light Vehicle1) Europe2) Ita
Slide 6: Agenda: 2. Business Highlights H1 2019
Earnings Call – August 7, 2019 Agenda 1. Market Development 2. Business Highlights H1 2019 3. Financial Highlights Q2 2019 4. Capital Market 5. Outlook STS Group © 2019 Slide 6
Slide 7: Achievement of several milestones in line with STS Group strategy
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook Achievement of several milestones in line with STS Group strategy February New business for BU Acoustics passenger car business awarded April Third Chinese plant opened in Shiyan with su
Slide 8: Decline in revenues and profitability due to weak markets
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook Decline in revenues and profitability due to weak markets in mEUR Q2 2018 Q2 2019 H1 2018 H1 2019 STS Group Comments: -10.1% -11.2% Revenues 109.3 98.3 218.2 193.8 EBITDA 3.5 6.9 Reven
Slide 9: Agenda: 3. Financial Highlights Q2 2019
Earnings Call – August 7, 2019 Agenda 1. Market Development 2. Business Highlights H1 2019 3. Financial Highlights Q2 2019 4. Capital Market 5. Outlook STS Group © 2019 Slide 9
Slide 10: Key Financials
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook Key Financials in mEUR / % Q2 2018 Q2 2019 var. in % H1 2018 H1 2019 var. in % 1 Revenues 109.3 98.3 -10.1 218.2 193.8 -11.2 EBITDA 3.5 5.8 +65.7 6.9 10.1 +46.4 EBITDA Margin 3.2% 5.9% +
Slide 11: Revenue decline versus 2018 due to overall weak automotive markets
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook 1 Revenue decline versus 2018 due to overall weak automotive markets Revenues… (in mEUR) …by Segment (in % of total revenues) -10.1% 108.9 109.3 91.0 92.0 95.5 98.3 -12.3% -2.7% BU Acous
Slide 12: Adjusted EBITDA Q2 2019 below prior year, however improved versus Q1 2019
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook 2 Adjusted EBITDA Q2 2019 below prior year, however improved versus Q1 2019 Adj. EBITDA (in mEUR) Adj. EBITDA margin (in %) 8.1 8.4 Adj. EBITDA Q2 18 Q2 19 H1 18 H1 19 EBITDA 5.8 5.8 Aco
Slide 13: Net income -2.3 mEUR in H1 2019, improved versus prior year
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook 3 Net income -2.3 mEUR in H1 2019, improved versus prior year Adj. EBITDA / Net Result Bridge H1 2019 (in mEUR) Net Income (in mEUR) -0.1 -1.1 -1.0 -1.3 10.1 10.1 -1.7 -1.9 Q1 Q2 Q3 Q4 Q
Slide 14: Free Operating Cash Flow improved versus Q2 2019
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook 4 Free Operating Cash Flow improved versus Q2 2019 CAPEX (in mEUR) Free Operating Cash Flow1) (in mEUR) 1) Cashflow from Operations – CAPEX - Lease cash outs +6.7% 3.6 3.7 2.4 0.9 2.9 3.
Slide 15: Leverage ratio of 2.2 as per end of Q2 2019 on a very solid level
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook 5 Leverage ratio of 2.2 as per end of Q2 2019 on a very solid level Net financial debt and leverage (in mEUR / multiple) Financial Debt (in mEUR) Net Debt 2018 2019 52.9 +0.9% Leverage R
Slide 16: Agenda: 4. Capital Market
Earnings Call – August 7, 2019 Agenda 1. Market Development 2. Business Highlights H1 2019 3. Financial Highlights Q2 2019 4. Capital Market 5. Outlook STS Group © 2019 Slide 16
Slide 17: General automotive market development puts pressure on share price
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook General automotive market development puts pressure on share price Price development since IPO Analyst Recomendations 90 Trades Share price 30 in t pcs. in € 75 25 Date Publ. Target Rec.
Slide 18: Agenda: 5. Outlook
Earnings Call – August 7, 2019 Agenda 1. Market Development 2. Business Highlights H1 2019 3. Financial Highlights Q2 2019 4. Capital Market 5. Outlook STS Group © 2019 Slide 18
Slide 19: Guidance for 2019 adjusted due to weaker than expected automotive markets
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook Guidance for 2019 adjusted due to weaker than expected automotive markets Market 2019 old 2019 new Market environment in the Reduced expectations for automotive industry will continue au
Slide 20: Upcoming conferences and relevant publications in 2019
Earnings Call – August 7, 2019 Market Development Business Highlights Financial Highlights Capital Market Outlook Upcoming conferences and relevant publications in 2019. 2/3 September 2019 Autumn Conference, Frankfurt/Main 11 September 2019 ZKK Zurich Capital Market Conference, Zurich 22 October 201
Slide 21: Q&A session
Q&A session STS Group Go
Slide 22: Disclaimer
Earnings Call – August 7, 2019 Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in partic
Slide 23: Thank you for your attention!
Thank you for your attention! Contact us Stefan Hummel Head of Investor Relations ir@sts.group +49 811 12449412