Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — Short FY 2022 Earnings Presentation
24 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Mar 21, 2023
Slide 1: HELLA Investor Update
HELLA Investor Update Results Short FY 2022 (Jun 1, 2022 - Dec 31, 2022) March 21 st , 2023
Slide 2: Summary
Summary 01 Achievements| Michel Favre 02 Financial Results | Bernard Schäferbarthold 03 Outlook | Michel Favre 04 Key Takeaways
Slide 3: Achievements
01 Achievements
Slide 4: Solid financial performance in Short FY 2022 driven by further ramp-ups and high demand
Solid financial performance in Short FY 2022 driven by further ramp-ups and high demand for core products Strong sales growth Improvement of margin and cash generation ❯ Group Sales up by 25.1% (including 4.2% ❯ Adjusted EBIT +29.0% at €222m, adj. EBIT FX effect) margin at 5.0% (vs. 4.9% in 7M FY 21
Slide 5: Significant awards with around €7bn order intake in Short FY 2022
Significant awards with around €7bn order intake in Short FY 2022, 12 months 2022 record order intake of €12bn ❯ Lighting won numerous high-tech, large-volume projects with core customers: • Front Phygital Shields with order volume more than €1bn for German premium OEMs for a total of eight differen
Slide 6: Portfolio and footprint improved
Portfolio and footprint improved ❯ Stringent portfolio management with closing of the HBPO transaction (12/2022); proposal of a special dividend of €2.61 per share (in addition, proposal of a regular dividend of €0.27 per share) ❯ Further footprint development • opening of new lighting plant in Chan
Slide 7: Financial Results
02 Financial Results
Slide 8: Continuation of strong sales performance in a recovering market
Continuation of strong sales performance in a recovering market ❯ Organic sales up 20.9% to €4.3bn, €149m positive FX in Short FY 2022 ❯ Strong sales growth in Electronics and Lighting with robust demand for key products and ramp-up of production ❯ Life Cycle Solutions with positive business develop
Slide 9: Strong development in Automotive business groups with continuous sales growth and EBIT improvement
Strong development in Automotive business groups with continuous sales growth and EBIT improvement ELECTRONICS LIGHTING 7M Short FY 7M Short FY FY 21/22 2022 FY 21/22 2022 vs. LVP External Sales (€m) 1,641 2,103 vs. LVP External Sales (€m) 1,342 1,732 growth growth YoY organic +24.5% of 14.9% YoY or
Slide 10: Life Cycle Solutions steadily contributes to the sales performance, margin suffered from negative mix
Life Cycle Solutions steadily contributes to the sales performance, margin suffered from negative mix effects LCS ❯ Sales performance driven by 7M Short FY • successful spare parts business with growth particularly in FY 21/22 2022 Turkey, the USA and Mexico External Sales (€m) 538 569 • growing com
Slide 11: Accelerating globalization with strong growth in China and in NSA
Accelerating globalization with strong growth in China and in NSA LVP global +14.9% NSA Europe Asia/ Pacific incl. RoW GROUP Sales +25.1% 21 % 53 % 26 % of group sales of group sales of group sales Outperformance +10.3% 2,327 GROUP Sales 1,153 336 931 1,991 314 236 839 695 +16.9% +34.0% +37.4% vs. L
Slide 12: EBIT margin improvement with sales growth and savings in R&D
EBIT margin improvement with sales growth and savings in R&D Reported EBIT margin improvement of 390bps In €m 7M FY Short FY YoY ❯ Adj. Gross Profit margin decreased by 1.0ppt to 23.1%: 21/22* 2022 Change • increases in costs of materials, energy and logistics that could not Sales 3,524 4,410 + 25.1
Slide 13: Adjusted FCF significantly increased with better operating performance and lower WC consumption
Adjusted FCF significantly increased with better operating performance and lower WC consumption Adj.* FCF from operating activities ❯ Adj. Free Cash Flow from operating activities increased in €m 83 by €318m to €83m • increased operational performance • positive change in Working Capital ⚬ increase
Slide 14: Outlook
03 Outlook
Slide 15: HELLA is expecting a flattish market development with 82m vehicles in 2023
HELLA is expecting a flattish market development with 82m vehicles in 2023 due to volatility in China and Europa Expected Global Light Vehicle production Expected Global Light Vehicle production in million units, IHS Markit per February 2023 in million units, IHS Markit per February 2023 +3.3% HEL
Slide 16: HELLA FY 2023 outlook assumes record sales and improved cash generation
HELLA FY 2023 outlook assumes record sales and improved cash generation Outlook for the period January 1, 2023, to December 31, 2023 Based on an assumed LVP of around 82 million vehicles for the period Consolidated sales In a range of around € 8.0 to 8.5 billion Currency and portfolio adjusted Opera
Slide 17: HELLA FY 2023 top priorities continue to focus on profitability and cash flow generation
HELLA FY 2023 top priorities continue to focus on profitability and cash flow generation Key priorities until December 2023 ❯ Improve the operational cash performance and cash generation ❯ Further improve operational performance and continuous pass-through of inflation to customers ❯ Realize synergi
Slide 18: Key Takeaways
04 Key Takeaways
Slide 19: Key Takeaways
Key Takeaways ❯ Solid performance in Short FY 2022 • strong sales momentum and profitability improvements with efficient cost management • record order intake of €1bn per month in 2022 ❯ Sales and profitability growth in FY 2023 • record sales in FY 2023 expected, high market outperformance based on
Slide 20: APPENDICES
APPENDICES
Slide 21: Upcoming events
Upcoming events April 27, 2023 Q1 FY 2023 April 28, 2023 AGM Short FY 2022 July 25, 2023 H1 FY 2023
Slide 22: LVP production and Group sales per region
LVP production and Group sales per region 7M FY 21/22 Short FY 2022 HELLA Group sales Worldwide 3,524 4,410 in €m 1,991 2,327 Europe +16.9% 695 931 North & South America +34.0% 839 1,153 Asia/Pacific & Rest of World +37.4% Light vehicle production Worldwide 44,192 50,756 in 1.000 units 8,405 9,390 E
Slide 23: Disclaimer
Disclaimer o This document was prepared with reasonable care. Certain numerical data, financial information and market data in this presentation have been rounded in accordance with commercial rounding. However, no responsibility can be assumed for the correctness of the provided information. In add
Slide 24: -ORVIA
-ORVIA
HELLA GmbH & Co. KGaA — Short FY 2022 Earnings Presentation on 6ix