Facc Ag · VIE:FACC
Facc — Q3 2022 Earnings Presentation
17 slides from Facc's earnings presentation, Nov 9, 2022
Slide 1: Q3 2022
november 9th, 2022 Q3 2022 FACC AG – Confidential and/or Proprietary
Slide 2: Key Topics
Q3 2022 KEY TOPICS FACC AG – Confidential and/or Proprietary
Slide 3: Highlights Q3
HIGHLIGHTS Q3 • Customers continue to confirm market development with increasing demand. • Type certification for the C919 was received and ramp-up of series production planned. • 26.6% revenue growth in O3/2022 compared to the same period of the previous year. • 17.1% revenue growth (+EUR 61 millio
Slide 4: Financials
FINANCIALS 08.11.2022 4 FACC AG – Confidential and/or Proprietary
Slide 5: Revenues and EBIT
REVENUES AND EBIT Revenues increase in line with market forecasts Revenues development Reported EBIT development in million EUR in million EUR 149,4 139,3 142,7 127,5 122,1 3.0 3.1 118,1 118,1 0.4 2.5 0.1 1.3 -28.1 -1,9 FACC AG – Confidential and/or Proprietary Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 202
Slide 6: Aerostructures
AEROSTRUCTURES Airbus A320 family continue to be the main project in terms of revenue Revenues development Reported EBIT development in million EUR in million EUR 61,7 54,4 -0,8 0,3 1,6 2,6 1,7 47,0 48,2 1,9 0,2 44,6 39,9 FACC AG – Confidential and/or Proprietary 36,0 -29,7 Q1 2021 Q2 2021 Q3 2021 Q
Slide 7: Engines & Nacelles
ENGINES & NACELLES Production and delivery of Boeing 787 programs resumed in August Revenues development Reported EBIT development in million EUR in million EUR 28,3 27,3 4,5 25,7 24,8 23,3 22,9 22,6 FACC AG – Confidential and/or Proprietary 2,4 2,0 2,0 0,6 0,1 0,0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1
Slide 8: Cabin Interiors
CABIN INTERIORS An increase in margins is planned from mid-2023 Revenues development Reported EBIT development in million EUR in million EUR 65,1 65,4 62,0 0,5 57,3 56,7 54,2 49,9 -0,2 -0,8 -1,0 FACC AG – Confidential and/or Proprietary -1,4 -2,8 -4,2 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
Slide 9: Free Cashflow
FREE CASHFLOW Higher inventories built up since the beginning of the year Q3 2022 Q3 2021 in million EUR in million EUR FACC AG – Confidential and/or Proprietary 9 08.11.2022
Slide 10: Cash Flow
CASH FLOW Investments Net Working Capital in million EUR in million EUR -1,8 128,3 122,8 124,4 -4,0 119,0 * -2,5 -5,5 -9,5 103,8 -11,7 -4,3 * -4,2 * -5,5 -8,3 FACC AG – Confidential and/or Proprietary -11,0 * -9,7 * -11,6 -19,1 -23,3 30.09.2021 31.12.2021 31.03.2022 30.06.2022 30.09.2022 30.09.2021
Slide 11: Balance Sheet Key Figures
BALANCE SHEET KEY FIGURES Development of capital figures Net Debt Leverage Development in million EUR ratio 238,1 5,18 213,4 211,5 4,97 197,0 177,8 4,19 3,86 3,53 3,60 3,28 FACC AG – Confidential and/or Proprietary 2,42 1,96 0 2015/16 2016/17 2017/18 2018/19 interpolated 2020 excl. Legal calculated
Slide 12: Outlook
FACC AG – Confidential and/or Proprietary OUTLOOK STRENGTH THROUGH DIVERSITY 12 08.11.2022
Slide 13: Market Outlook
MARKET OUTLOOK 12-24 MONTHS Increase of aircraft production rates Increase of business jet demand • A32F: 20 % demand increase by the end of 2023 • 17 % FACC sales volume and • A350: 25 % demand increase by the end of 2023 consolidation as no. 1 outfitter in the mid- • B787: Restart after 12-month s
Slide 14: Supply Chain Outlook
SUPPLY CHAIN OUTLOOK Challenging raw material supply • Maintaining safety stock levels in the coming 12 months Energy supply • Continued targeted restructuring of supply • Currently 18 % dependence on gas chain • Conversion to alternative energy sources underway (oil) • Further expansion of geotherm
Slide 15: Key Priorities 2022
KEY PRIORITIES 2022 OUTLOOK • Revenue growth of 10 % through higher customer demand and ramp-up of new projects • EBIT target as forecast and continue to secure planning • Plant 6 / Zagreb • Ramp-up to 250 staff by the end of 2022 FACC AG – Confidential and/or Proprietary • Completion of planning wo
Slide 16: Thank You!
THANK YOU! 08.11.2022 16 FACC AG – Confidential and/or Proprietary
Slide 17: Disclaimer
DISCLAIMER ▪ This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate', 'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-looking statements. ▪ Forward-looking statements are subje