Rosenbauer International Ag · VIE:ROS
Rosenbauer International — H1 2023 Earnings Presentation
30 slides from Rosenbauer International's earnings presentation, Aug 11, 2023
Slide 1: Rosenbauer Group Investor & Analyst Presentation H1 2023
Rosenbauer Group Investor & Analyst Presentation H1 2023 Sebastian Wolf | CEO August 11, 2023
Slide 2: Disclaimer
Disclaimer This presentation was produced by Rosenbauer International AG (Rosenbauer for short) for informational purposes only. Despite the greatest care taken by Rosenbauer, no guarantee is given for the correctness and completeness of the content. This presentation may not be reproduced, transmit
Slide 3: Agenda
Agenda Agenda 1. Rosenbauer Group at a glance 2. H1 2023 financial figures 3. Outlook Q&A Investor Presentation | 3
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity story
Equity story Global market leader ■ System provider of fire-fighting equipment and preventive fire protection ■ Globally leading producer of fire-fighting vehicles ■ 11.6% RB market share (global market volume 2021: ~ 21,000 pcs) Unrivalled worldwide network ■ Present in around 120 countries ■ 9 Pro
Slide 6: ESG profile
ESG profile Responsibility Development Impact Performance Our customers, fire brigades A comprehensive Assembler with a conscious CDP rating B- around the globe, are the sustainability strategy consumption of natural first line in dealing with the fostering the UN Sustainable resources VÖNIX rating
Slide 7: Rosenbauer launches sales offensive for components
Rosenbauer launches sales offensive for components ■ The concept of standardized stock vehicles has proved successful and is now also being transferred to the components are; production of standard versions without ordering ■ Unique selling proposition on the market; rapid availability is crucial, e
Slide 8: The full-electric RT continues its success story
The full-electric RT conitinues its success story ■ Vienna fire brigade receives two new vehicles ■ Official vehicle delivery ceremony on June 24, 2023 ■ Training started ■ Important contribution to a climate-neutral Vienna ■ Four RT for the fire brigade Basel-Stadt ■ First 2 RT arrived at Basel and
Slide 9: H1 2023 financial figures
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Slide 10: Highlights H1 2023
Highlights H1 2023 The Rosenbauer Group increases its revenues to € 460.5 million in H1 2023, which is 7.2 % above the comparable period of the previous year. ■ A changed product mix and price increases lead to revenue growth despite persisting delays in chassis supply. Comprehensive restructuring m
Slide 11: Refocus, Restart – Progress of program
Refocus, Restart – Progress of program Refocus – Restart 2023 Reduction of production costs by value analysis of our products Reductions of production hours > efficiency Price negotiations with our suppliers Price negotiations with our customers on existing (frame) orders Group: € 31 million to safe
Slide 12: Revenues and EBIT quarterly
Revenues and EBIT quarterly 800 in € million 90 80 700 70 60 50 600 32.5 40 20.0 22.1 19.9 30 500 8.9 5.6 20 1.1 0.4 3.6 10 -4.6 -7.3 -4.9 400 00 330 326 -18.6 321 -10 300 256 253 269 -20 225 242 222 -30 206 201 192 177 -40 200 -50 -60 100 -70 -80 0 -90 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/2
Slide 13: Key financial figures H1 2023
Key financial figures H1 2023 in € million H1/2021 H1/2022 H1/2023 Change Revenues 448.1 429.7 460.5 7.2% EBITDA 25.8 -8.8 15.1 - EBIT 11.8 -23.2 0.7 - EBIT margin 2.6% -5.4% 0.2% - EBT 9.2 -26.0 -11.2 - Net profit for the period 7.4 -11.7 -11.6 - Cash flow from -27.7 -121.8 -138.6 - operating activ
Slide 14: Development of revenues
Development of revenues in € million +7.2% +3.4 460.5 +10.5 +13.6 ■ Rosenbauer Group with € 460.5 million in revenues after +5.0 429.7 the first six months 2023. -1.6 ■ Four out of five segments manage to expand their business volumes. ■ A changed product mix and H1/2022 Europe Middle Asia- Americas
Slide 15: Development of EBIT
Development of EBIT in € million +8.0 +0.2 0.7 ■ Comprehensive restructuring measures bring operative +2.9 +2.8 turnaround. +9.8 ■ Due to a significantly higher gross profit and lower structural costs EBIT -23.2 amounts to € 0.7 million in the first half 2023. H1/2022 Europe Middle Asia- Americas PF
Slide 16: Investments, depreciation
Investments, depreciation Investments, depreciation in € million ■ Purchase of the formerly rented real 9.6 10.0 estate at Gladbeck 9.4 9.4 8.3 8.6 ■ Demonstration vehicles for Rosenbauer Deutschland 6.8 7.0 6.4 6.0 ■ Further roll-out of SAP S4/Hana H1/2019 H1/2020 H1/2021 H1/2022 H1/2023 Investment
Slide 17: Cash Conversion Cycle – current status
Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) 206 466.9 475.5 183 83 78 72 57 175 173 37 22 -1% +2% DIO DSO DDO DPO H1/2022 H1/2023 CCC TWC Investor Presentation | 17 * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstan
Slide 18: Trade Working Capital and financing
Trade Working Capital and financing Trade Working Capital Financing in € million in € million 263.6% 975.1 972.2 1,000.0* 235.0% ■ Change of the Trade 165.1% Working Capital to € 475.5 million 478.0 466.9 475.5 428.9* 466.1 ■ Ratio of advanced 345.3 payments 21.4% 209.1 182.5 176.8 ■ Payment on aver
Slide 19: Statement of financial position – key figures
Statement of financial position – key figures Change in € million 06/30/2022 12/31/2022 06/30/2023 1-6/2022 vs.1-6/2023 Total assets 1,014.0 973.6 1,122.5 10.7% Equity ratio 18.0% 19.1% 15.8% - Capital employed (ø) 637.2 590.4 642.2 0.8% ROCE -3.6% -1.8% 0.1% - ROE -13.2% -15.2% -6.2% - Net debt 428
Slide 20: Outlook
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Slide 21: Order intake / backlog
Order intake / backlog Order intake / order backlog Order intake 1-6/2023 by area in € million 1,687.6 PFP 3% (3%) Asia-Pacific 1,334.2 16% (9%) 1,229.4 1,118.2 1,092.0 € 664.8 Europe 53% (41%*) 664.8 million Americas 571.1 581.4 22% (27%*) 455.3 488.2 Middle East & Africa 6% (9%*) 1-6/2019 1-6/2020
Slide 22: Outlook 2023
Outlook 2023 ■ The IMF* recently raised its growth forecast for the global economy to 3% compared to 3.5% in the previous year. Although this figure is 0.2 percentage points above last April's forecast, it remains well below the long-term average of 3.8% between 2000 and 2019. ■ The recent agreement
Slide 23: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 24: Appendix
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Slide 25: Executive Board and employee figures
Executive Board and employee figures Andreas Zeller CSO Area Europe I Area Middle East & Africa I Area Asia- Pacific I Area Americas I Customer Service & Digital Solutions I Sales Administration Number of employees (as of reporting date) Sebastian Wolf Austria USA Germany RoW CEO Global Marketing I
Slide 26: Perspective 2030: Selected megatrends driving the firefighting industry
Perspective 2030: Selected megatrends driving the firefighting industry CLIMATE CHANGE DIGITALIZATION SOCIAL CHANGE ■ Global warming ■ USD 1.8 trillion will be invested ■ 80 years is currently the average in digitalization worldwide in 2022 life expectancy in countries with ■ 820 natural disasters ■
Slide 27: Worldwide network of production, service and sales locations
Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Asten Graz ASIA-PACIFIC Telfs CHINA FRANCE Kunming Chambéry Meyzieu AMERICAS SINGAPORE SINGAPORE GERMANY Lyons, South Dakota Karlsruhe PHILIPPINES Fremont, Nebraska Luckenwalde Mandaluyong Wyoming, Minnesot
Slide 28: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2022) Municipal Fire & Safety Equipment 39% ARFF Customer Service Vehicles 11% 74% 17% Aerials Preventive Fire Protection 7% 10% Industrial 3% 10% 3% other revenues Investor Presentation | 28
Slide 29: Rosenbauer share
Rosenbauer share Investor FR 1-6/2022 1-6/2023 6% BVG2) Highest price in € 48.6 35.1 51% 2) Rosenbauer Beteiligungsverwaltung GmbH Lowest price in € 33.7 28.8 Free float3) 3) The non-voting right registered shares are 43% attributed to the free float. Closing share price in € 33,7 30.4 Market capita
Slide 30: Financial calendar
Financial calendar Tiemon Kiesenhofer August 11, 2023 Publication of the half-year 2023 financial figures Head of Investor Relations +43 (0)732 6794-568 November 14, 2023 Publication of the interim statement Q3 2023 Ulrike Kogler Investor Relations Manager +43 (0)732 6794-4910 Fabio Wurm Sustainabil
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