Facc Ag · VIE:FACC
Facc — Shareholder Meeting (May 2022)
34 slides from Facc's shareholder meeting presentation, May 31, 2022
Slide 1: 8th Annual General Meeting – Management Report
FACC AG – Confidential and/or Proprietary 8th Annual General Meeting Management Report 31 May 2022
Slide 2: 2021 a year of stabilization; Roadmap 2030
The 2021 financial year was a year of stabilization for the aviation industry. Within the scope of its strategic orientation "Roadmap 2030", FACC was able to set an important course for the future. FACC AG – Confidential and/or Proprietary We would like to thank the entire staff at FACC, our shareho
Slide 3: The Market at a Glance
THE MARKET AT A GLANCE FACC AG – Confidential and/or Proprietary Robert Machtlinger, CEO FACC AG 3 31.05.2022
Slide 4: Recovery of Air Traffic
RECOVERY OF AIR TRAFFIC Full recovery expected by 2025 FACC AG – Confidential and/or Proprietary FACC Confidential and / or Proprietary
Slide 5: Current Passenger Numbers
CURRENT PASSENGER NUMBERS Markets still developing at different rates but in line with expectations Week of Feb.24.2022 vs. equivalent week in 2019 FACC AG – Confidential and/or Proprietary Week of May.18.2022 vs. + 12% - 3% - 39% + 6% equivalent week in 2019 + 7% + 6% - 4% + 14%
Slide 6: Long-Term Market Development
LONG-TERM MARKET DEVELOPMENT Faster continental recovery; intercontinental travel is recovering at a slower rate > Sustained recovery in all segments. Back to pre-crisis level as of 2024. HOWEVER > Slower development of international travel. Full recovery as of 2025. FACC AG – Confidential and/or Pr
Slide 7: Airbus & Boeing Increase Rate of Construction
AIRBUS & BOEING INCREASE RATE OF CONSTRUCTION Deliveries & orders (Note: Data valid for aircraft with over 100 passengers) DELIVERIES NET ORDERS + 239 AC + 228 AC 951 [+ 89,2%] [+ 31,5%] 723 FACC AG – Confidential and/or Proprietary Orders 2020: - 203 AC = Book-to-bill: NEGATIVE Orders 2022 + 986 AC
Slide 8: OEM Order Book
OEM ORDER BOOK 12,247 aircraft on firm order result in a planning horizon of approx. 7 years FACC AG – Confidential and/or Proprietary Airbus (58%) and Boeing (42%) jointly hold 12,247 orders (as of February 2022).
Slide 9: Fleet Development Until 2040
FLEET DEVELOPMENT UNTIL 2040 Over 39,000 new aircraft, 45% of which are destined for Asia FACC AG – Confidential and/or Proprietary
Slide 10: Major Aircraft Markets
MAJOR AIRCRAFT MARKETS 45% of demand originates from Asia and China FACC AG – Confidential and/or Proprietary
Slide 11: Market Development Until 2025
MARKET DEVELOPMENT UNTIL 2025 Production cycles before and after COVID-19 (estimated by FACC) > Demand for long-haul aircraft will not reach pre-crisis levels again before 2025. > The industry and FACC will lack long-term product revenues from long-haul aircraft. > Production rates of short & medium
Slide 12: Sustainable Turnaround in the Aviation Industry
SUSTAINABLE TURNAROUND IN THE AVIATION INDUSTRY GROWING PASSENGER NUMBERS, INCREASING AIRCRAFT DELIVERIES & NEW ORDERS FOR FACC AG – Confidential and/or Proprietary AIRCRAFT FROM AIRLINES ARE POSITIVE SIGNALS FOR OUR INDUSTRY.
Slide 13: FACC Financial Year 2021
FACC FINANCIAL YEAR 2021 13 FACC AG – Confidential and/or Proprietary
Slide 14: Core Priorities 2021
CORE PRIORITIES 2021 Goal: To achieve operational turnaround Measure 1: Adjusting costs and increasing vertical integration Measure 2: Remaining innovation leader with the FACC Roadmap 2030 Measure 3: Securing new orders, expanding market presence & capacity FACC AG – Confidential and/or Proprietary
Slide 15: Stringent Efficiency Program
STRINGENT EFFICIENCY PROGRAM Successful implementation of improvement measures Increasing efficiency and capacity utilization Further increase in productivity, insourcing of work packages and logistics services Further adjustment of personnel costs Organizational adjustments and introduction of payr
Slide 16: The FACC FY 2021 in Figures
THE FACC FY 2021 IN FIGURES EUR 497.6 mill. EUR 70.5 mill. Group sales Free cash flow -5.5 % compared to previous year EUR 4.3 mill. EUR -25.1 mill. Operating EBIT Earnings after one- FACC AG – Confidential and/or Proprietary off effects USD 1 billion EUR 26.1 mill. New orders Investments in technol
Slide 17: Milestones 2021 / Market Shares
MILESTONES 2021 / MARKET SHARES 1 billion new orders & successful entry into the aerospace sector FACC AG – Confidential and/or Proprietary Dassault Falcon 10X Airbus A220 tail unit component Entry into aerospace with Ariane 6 State-of-the-art cabin technology Serving as a supplier of production str
Slide 18: Operations
OPERATIONS FACC AG – Confidential and/or Proprietary Andreas Ockel, COO FACC AG 18 31.05.2022
Slide 19: Core Priorities 2021 - Implementation
CORE PRIORITIES 2021 - IMPLEMENTATION Achieving of operational Digitalization of quality management (CAQ) turnaround Optimization of production and reduction of throughput times Cost adjustment and increased vertical integration Increase in plant capacity utilization and reduction in material costs
Slide 20: COVID-19 Protective Measures
COVID-19 PROTECTIVE MEASURES Maximum protection of staff through testing, tracing & vaccination strategy > Area-wide protection measures including internal tracing system > In-house PCR test line and 5 FACC antigen test lines – Over 80,000 tests performed / 4 teams of doctors on duty – 99.75% partic
Slide 21: Milestones 2021 / Production Network
MILESTONES 2021 / PRODUCTION NETWORK Start of production on schedule of FACC Plant 6 and FACC US facility Florida Data FACC Plant 6 / Croatia: > 105. 000 m² land area > 10. 000 m² production & office space and EUR 13 mill. initial investment > Successful start of production in Nov. 2021 after 11 mon
Slide 22: Milestones 2021 / Vertical Integration
MILESTONES 2021 / VERTICAL INTEGRATION Increase efficiency, flexibility and quality through vertical integration VI 1: Automated production of metal hardware: > Replace suppliers with in-house manufacturing and save between 10 -40% (depending on component) compared to purchasing > Increase flexibili
Slide 23: COMPETE Partner Program
COMPETE PARTNER PROGRAMM Partner program within supplier network for sustainable, joint growth FACC AG – Confidential and/or Proprietary
Slide 24: Sustainable Energy Mix
SUSTAINABLE ENERGY MIX Our path to CO2-neutral production > Total energy consumption of FACC approx. 77.4 GWh > More than two thirds of energy demand from sustainable sources. 98% of indoor heating from geothermal energy (since 2007) & heat regeneration FACC AG – Confidential and/or Proprietary – 10
Slide 25: Financial Year 2021 – Essential Key Financial Figures
FINANCIAL YEAR 2021 ESSENTIAL KEY FINANCIAL FIGURES
Slide 26: We Assume Responsibility
WE ASSUME RESPONSIBILITY FACC sustainability strategy in a nutshell FACC AG – Confidential and/or Proprietary
Slide 27: Legal Dispute with Suppliers
LEGAL DISPUTE WITH SUPPLIERS Arbitration proceedings in London > The supplier's claims were based on contracts from 2008, in particular concerning - A project transfer commitment allegedly given at that time as well as - Price adjustments based on modifications introduced and associated change claus
Slide 28: Litigation / FPI
LITIGATION / FPI Settlement with Walter A. Stephan in the fraud case of 2015/16 > Final decisions of the OGH in September 2021: - No liability of former CEO for damages from FPI - Comprehensive settlement with W. Stephan including customary confidentiality agreement in spring 2022 > Funds frozen (ap
Slide 29: FACC Group Turnover
FACC GROUP TURNOVER In line with management forecasts Development of Group turnover Turnover development per aircraft platform in million EUR In % of revenue Σ 801,3 Jan – Feb 2019 148,2 Mar –Dec 2019 747,6 781,6 705,6 653,1 580,2 526,9 497,6 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 CY 2019 FY 20
Slide 30: EBIT
EBIT Impacted by one-off effects EBIT development One-off effects FY 2021 in million EUR in million EUR 10 4.3 0 -10 -20 -30 -25.1 -26.8 -40 -50 -60 -70 -80 -74.4 FY 2020 FY 2021 reported EBIT operating EBIT
Slide 31: Cash Flow
CASH FLOW Strict control over the entire FY 2021 Free cash flow FY 2020 Free cash flow FY 2021 in million EUR in million EUR FACC AG – Confidential and/or Proprietary
Slide 32: Outlook
OUTLOOK 31.05.2022 32 FACC AG – Confidential and/or Proprietary
Slide 33: Company Goals FY 2022
COMPANY GOALS FY 2022 − FACC growth in revenue of 10% is the result of higher customer demand and new projects − Tripling of EBIT compared to 2021 (basis = operating result 2021) − Expansion of plant 6 (Zagreb) to a capacity of 250 employees FACC AG – Confidential and/or Proprietary − Focus on liqui
Slide 34: Horizons
HORIZONS »