Aalberts N.v. · EURONEXT:AALB
Aalberts — H1 2022 Earnings Presentation
30 slides from Aalberts's earnings presentation, Jul 21, 2022
Slide 1: We engineer mission-critical technologies: interim results 2022
we engineer mission-critical technologies enabling a clean, smart and responsible future interim results 2022 Utrecht, 21 July 2022
Slide 2: Agenda
agenda Aalberts operational development financial development outlook questions & answers Aalberts N.V. | interim results 2022 2
Slide 3: 1. Aalberts
A aalberts 1. Aalberts Wim Pelsma - CEO
Slide 4: You will find Aalberts where technology matters and real progress can be made
“you will find Aalberts where technology matters and real progress can be made” humanly, environmentally and financially
Slide 5: The essence
the essence we engineer mission-critical technologies enabling a clean, smart and responsible future we are a company of mission-critical people who can’t resist going beyond the line of duty - good is never good enough sharing and discussing ‘bad’ gets us to brilliant – greatness is made of shared
Slide 6: Our way of value creation
our way of value creation the Aalberts playing field the Aalberts playbook the Aalberts way shaping eco-friendly buildings driving sustainable transportation increasing enhancing semicon efficiency industrial niches mission-critical technologies greatness is made good is never good enough of shared
Slide 7: The Aalberts playing field
the Aalberts playing field we engineer mission-critical technologies enabling a clean, smart and responsible future shaping eco-friendly buildings driving sustainable transportation increasing enhancing semicon efficiency industrial niches you will find Aalberts where technology matters and real pro
Slide 8: The Aalberts playbook: good is never good enough
the Aalberts playbook good is never good enough winning with the best teams compounding returns operational excellence | leverage relentless pursuit strong cash conversion of excellence disciplined capital allocation strong free cash flow portfolio optimisation portfolio optimisation focus leverage
Slide 9: The Aalberts way: greatness is made of shared knowledge
the Aalberts way greatness is made of shared knowledge be an entrepreneur take ownership go for excellence share and learn act with integrity the Aalberts way – winning with people 21 July 2022 Aalberts N.V. | interim results 2022 9
Slide 10: Aalberts strategy & objectives
Aalberts strategy & objectives accelerating unique positions with mission-critical technologies, high entry barriers and pricing power creating sustainable profitable growth with high added-value margins, EBITA margins and innovation rates driving operational excellence and portfolio optimisation co
Slide 11: SDG impact increases to >70%
drive sustainable entrepreneurship SDG impact increases to >70% mission-critical technologies our playing field creating energy savings hydronic flow control eco-friendly buildings hygienic distribution of water integrated piping systems semicon efficiency acceleration of technological breakthroughs
Slide 12: Net zero carbon roadmap
drive sustainable entrepreneurship net zero carbon roadmap net zero carbon focus projects per business team 2018-2022 2022-2026 2040 2050 scope 1+2 • drive energy efficiency progress target energy use (in CO2 intensity)** • use renewable energy 23%* 30% versus 2018 versus 2018 • reduce, reuse, rec
Slide 13: 2. Operational development
2. operational development Wim Pelsma - CEO
Slide 14: Aalberts highlights
Aalberts highlights revenue added-value (in EUR million) (% of revenue) 1,615 62.8 o revenue EUR 1,615 million +7% 1H2021: 61.8 o organic revenue growth 9.8% EBITA EBITA % (in EUR million) (% of revenue) o orderbook +39% 250 15.5 1H2021: 14.9 o EBITA EUR 250 million; EBITA margin 15.5% +11% o net pr
Slide 15: Operational development
operational development o added value margin 62.8% on good level o many business development projects to drive organic revenue growth and operational excellence o capital expenditure further accelerated o able to manage the pandemic, supply chain disruptions, raw material | labour shortages and infl
Slide 16: Shaping eco-friendly buildings
shaping eco-friendly buildings o activities continued to do well with a record orderbook o to facilitate many business development plans manufacturing processes further optimised and capacity expanded o renovation and new build of residential and commercial buildings is continuing » driven by transi
Slide 17: Increasing semicon efficiency
increasing semicon efficiency o continued strong growth and performance with a record orderbook o serving customers as good as possible despite supply chain disruptions and high customer demand o in parallel, capacity expansions and efficiency improvements are ongoing at all locations o our focused
Slide 18: Driving sustainable transportation
driving sustainable transportation o activities realised a strong performance with an increased orderbook o demand for passenger cars, motor bikes and commercial vehicles remains strong » continuing need for specialised surface technologies and precision manufactured parts » accelerated by new devel
Slide 19: Enhancing industrial niches
enhancing industrial niches o realised strong growth and performance o market is recovering fast and orderbook increased o in addition, innovations are driving our growth o we are increasing manufacturing efficiency and capacity to facilitate growth strong growth and performance, orderbook increased
Slide 20: 3. Financial development
3. financial development Arno Monincx - CFO
Slide 21: Revenue bridge
revenue bridge 21 July 2022 Aalberts N.V. | interim results 2022 21
Slide 22: EBITA bridge
EBITA bridge 21 July 2022 Aalberts N.V. | interim results 2022 22
Slide 23: Condensed consolidated income statement
condensed consolidated income statement in EUR million 1H2022 1H2021 revenue 1,614.7 1,510.8 EBITDA 316.9 294.7 depreciation (66.7) (68.9) EBITA 250.2 225.8 net finance cost (8.0) (6.9) income tax expense (52.3) (46.2) non-controlling interests (3.6) (4.1) net profit before amortisation 186.3 168.6
Slide 24: Condensed consolidated balance sheet
condensed consolidated balance sheet in EUR million 30.6.2022 31.12.2021 30.6.2021 total non-current assets 2,631 2,460 2,312 total current assets 1,662 1,195 1,292 total assets 4,293 3,655 3,604 total equity 2,215 2,184 1,918 total non-current liabilities 881 525 572 total current liabilities 1,197
Slide 25: Free cash flow
free cash flow in EUR million (before exceptionals) 1H2022 1H2021 delta EBITDA 316.9 294.7 22.2 gain on disposal of subsidiaries (7.0) - (7.0) result on sale of equipment / changes in provisions 6.4 (10.0) 16.4 changes in working capital (222.4) (122.0) (100.4) cash flow from operations 93.9 162.7 (
Slide 26: Reporting per business segment
reporting per business segment building technology 1H2022 1H2021 delta revenue (in EUR million) 935.3 941.1 (1%) organic revenue growth (in %) 9.7 - EBITA (in EUR million) 141.5 144.5 (2%) EBITA as a % of revenue 15.1 15.4 (0.3) capital expenditure (in EUR million) 43.1 32.6 32% industrial technolog
Slide 27: Revenue per end market and region
revenue per end market and region revenue per end market (in %) revenue per region (in %) 20 12 5 14 23 56 10 60 eco-friendly buildings 56% Western Europe 60% semicon efficiency 10% America 23% sustainable transportation 14% Eastern Europe 12% industrial niches 20% APAC, Middle East, Africa 5% 21 Ju
Slide 28: 4. Outlook
A aalberts 4. outlook Wim Pelsma - CEO
Slide 29: Outlook
outlook o in the second half of 2022, we started with a strong orderbook o we will relentlessly execute our strategy Aalberts ‘accelerates unique positioning’ 21 July 2022 Aalberts N.V. | interim results 2022 29
Slide 30: 5. Questions & answers
5. questions & answers aalberts.com/investors