Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — Q1 FY2021/22 Earnings Presentation
22 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Sep 28, 2021
Slide 1: HELLA Investor Update Q1 FY 2021/22
Information Classification: Internal HELLA Investor Update Q1 FY 2021/22 Lippstadt, September 28, 2021
Slide 2: Disclaimer
Information Classification: Internal HELLA Investor Call Disclaimer ▪ This document was prepared with reasonable care. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be co
Slide 3: Q1 FY 2021/22 – Outline
Information Classification: Internal Q1 FY 2021/22 – Outline HELLA Investor Update Q1 FY 2021/22 1. Executive Summary 2. Financial Results 3. Outlook 4. Tender Offer 5. Q&A 3 HELLA Investor Update | Q1 FY 2021/2022 | Conference Call, September 28, 2021
Slide 4: Sales increased by 9.5%, adjusted EBIT margin improved to 6.2% for Q1 FY 2021/2022
Information Classification: Internal Q1 FY 2021/22 – Executive Summary Sales increased by 9.5%, adjusted EBIT margin improved to 6.2% for Q1 FY 2021/2022 Sales ▪ Currency and portfolio adjusted sales increased by 9.5% YoY to 1.5 bill. EUR Profitability ▪ Adj. Gross Profit margin at 25.9% (+2.2%-poin
Slide 5: Automotive outperforms the global automotive market characterized by massive downgrades
Information Classification: Internal Q1 FY 2021/22 – Executive Summary Automotive outperforms the global automotive market which is characterized by massive downgrades, especially China supported by ramp-ups Q1 FY 19/20 Q1 FY 20/21 Q1 FY 21/22 Q1 Q1 Q1 Q1 FY18/19 FY19/20 FY20/21 FY21/22 HELLA Automo
Slide 6: Outline
Information Classification: Internal Q1 FY 2021/22 – Outline HELLA Investor Update Q1 FY 2021/22 1. Executive Summary 2. Financial Results 3. Outlook 4. Tender Offer 5. Q&A 6 HELLA Investor Update | Q1 FY 2021/2022 | Conference Call, September 28, 2021
Slide 7: Sales recovery with solid customer demand and higher reimbursements
Information Classification: Internal Q1 FY 2021/22 – Financial Results Sales recovery with solid customer demand and higher reimbursements – market environment deteriorated significantly driven by bottlenecks Group Sales in € million Q1 FY 20/21 Q1 FY 21/22 +9.6% +9.5% 1 1,344 1,473 1,473 Currency &
Slide 8: Adjusted GPM increased with higher capacity utilization and reimbursements
Information Classification: Internal Q1 FY 2021/22 – Financial Results Adjusted GPM increased with higher capacity utilization as well as higher customer reimbursements and low level of project-related costs Adjusted Gross Profit in € million Highlights 444 ▪ Adj. Gross Profit increased by 63 mill.
Slide 9: Increased R&D expenses with the expansion of activities
Information Classification: Internal Q1 FY 2021/22 – Financial Results Increased R&D expenses with the expansion of activities after concentrating activities in the previous year on series developments and production ramp-ups Adjusted R&D expenses in € million Highlights 158 167 163 ▪ Adj. absolute
Slide 10: SG&A costs increased with normalization of employment situation
Information Classification: Internal Q1 FY 2021/22 – Financial Results SG&A costs increased with normalization of employment situation; prior year basis comparably low due to continuous use of short-time work in first quarter Adjusted SG&A expenses in € million Highlights 163 ▪ Adj. SG&A costs incre
Slide 11: Adjusted EBIT above prior-year's level with strong top line development
Information Classification: Internal Q1 FY 2021/22 – Financial Results Adjusted EBIT above prior-year’s level with strong top line development and positive leverage despite higher costs associated with the bottlenecks Adjusted EBIT in € million Highlights 134 ▪ Adjusted EBIT increased by 35 mill. EU
Slide 12: P&L including reconciliation; main adjustment Q1 FY2020/21 for improvement program
Information Classification: Internal Q1 FY 2021/22 – Financial Results P&L including reconciliation; main adjustment Q1 FY2020/21 for improvement program HELLA Group Q1 FY 20/21 Q1 FY 21/22 Revenues reported 1,344.4 1,473.5 Comments Adjustments 0.0 0.0 Revenues adjusted 1,344.4 1,473.5 ▪ Increase of
Slide 13: Adjusted Free Cash Flow positively driven by higher sales
Information Classification: Internal Q1 FY 2021/22 – Financial Results Adjusted Free Cash Flow positively driven by higher sales; negative impacts from working capital changes and planned investments needs Adj. FCF from operating activities* in € million Highlights 62 67 ▪ Adj. Free Cash Flow from o
Slide 14: Automotive sales with strong recovery, margin improvement with increase in GPM
Information Classification: Internal Q1 FY 2021/22 – Financial Results Automotive sales with strong recovery, margin improvement with increase in GPM despite additional burdens Automotive Sales in € million ▪ Increase of 7.2% despite decline in automotive market: +7.2% 1,383 1,338 ▪ high demand for
Slide 15: Aftermarket and Special Applications with strong customer demands
Information Classification: Internal Q1 FY 2021/22 – Financial Results Aftermarket and Special Applications with strong customer demands, profitability improvements supported by cost management Aftermarket Total sales in € million Adjusted Ebit in € million ▪ Positive development in IAM supported by
Slide 16: Outline
Information Classification: Internal Q1 FY 2021/22 – Outline HELLA Investor Update Q1 FY 2021/22 1. Executive Summary 2. Financial Results 3. Outlook 4. Tender Offer 5. Q&A 16 HELLA Investor Update | Q1 FY 2021/2022 | Conference Call, September 28, 2021
Slide 17: Automotive market collapses drastically as a result of increasing component shortages
Information Classification: Internal Q1 FY 2021/22 – Market Outlook Automotive market collapses drastically as a result of increasing component shortages: expected production volumes FY 2021/22 on level of pandemic Global Light Vehicle Production in million units, IHS per 16 September 2021 YoY Growt
Slide 18: Company outlook lowered to reflect significantly reduced market expectations
Information Classification: Internal Q1 FY 2021/22 – Company Outlook Company outlook lowered to reflect significantly reduced market expectations for the further course of the fiscal year 2021/22 Guidance Fiscal Year 2021/2022 June 1, 2021, to May 31, 2022 Currency and In the range of around ▪ Resou
Slide 19: Outline
Information Classification: Internal Q1 FY 2021/22 – Outline HELLA Investor Update Q1 FY 2021/22 1. Executive Summary 2. Financial Results 3. Outlook 4. Tender Offer 5. Q&A 19 HELLA Investor Update | Q1 FY 2021/2022 | Conference Call, September 28, 2021
Slide 20: Business combination with Faurecia agreed – voluntary public tender offer commenced
Information Classification: Internal Q1 FY 2021/22 – Tender Offer Business combination with Faurecia agreed – voluntary public tender offer commenced Voluntary public tender offer Offer price € 60 per share, assuming a ▪ 1st acceptance period: September 27 to October 25, Timing dividend of € 0.96 pe
Slide 21: Outline
Information Classification: Internal Q1 FY 2021/22 – Outline HELLA Investor Update Q1 FY 2021/22 1. Executive Summary 2. Financial Results 3. Outlook 4. Tender Offer 5. Q&A 21 HELLA Investor Update | Q1 FY 2021/2022 | Conference Call, September 28, 2021
Slide 22: Investor Relations contacts
Information Classification: Internal Dr. Markus Richter Head of Corporate Communications & Investor Relations Dr. Kerstin Dodel, CFA Head of Investor Relations Office phone +49 2941 38 - 1349 Facsimile +49 2941 38 - 471349 Mobile phone +49 174 3343454 E-Mail kerstin.dodel@hella.com Internet www.hell
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