Slide 1: Andritz Group Results Q1 2022
ANDRITZ GROUP RESULTS Q1 2022 APRIL 29, 2022
Slide 2: Agenda: Q1 2022 at a glance
AGENDA 1 Q 1 2 0 2 2 AT A G L AN C E 2 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR Q1 2022 / APRIL 29, 2022 / © ANDRITZ GROUP
Slide 3: Very favorable business development in Q1 2022
VERY FAVORABLE BUSINESS DEVELOPMENT IN Q1 2022 ANDRITZ GROUP key figures at a glance V E RY H I G H G R O U P GROUP REVENUE E B I TA AT 1 2 2 M E U R O R D E R I N TAK E AT AT 1 . 5 B I L L I O N E U R O S AN D M AR G I N AT 8 . 0 % 2.6 BN EUROS S L I G H T LY I N C R E AS E D Very favorable develop
Slide 4: Agenda: Performance Q1
AGENDA 2 P E R F O R M AN C E Q 1 2 0 2 2 4 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR Q1 2022 / APRIL 29, 2022 / © ANDRITZ GROUP
Slide 5: Very high group order intake
VERY HIGH GROUP ORDER INTAKE All four business areas increased order intake significantly ORDER INTAKE* ORDER INTAKE BY BUSINESS AREA* ORDER INTAKE BY REGION Q1 2022 VS. Q1 2021 (%) +50% Q1 2022 Q1 2021 +/- 2,589 Pulp & Paper 1,106 846 +31% E F D Europe / Emerging A North America Metals 501 429 +17%
Slide 6: Slight increase of revenue
SLIGHT INCREASE OF REVENUE Increase in Metals and Separation offsets decline in Hydro, Pulp & Paper stable REVENUE* REVENUE BY BUSINESS AREA* REVENUE SPLIT: CAPITAL / SERVICE Q1 2022 VS. Q1 2021 (%) Q1 2022 Q1 2021 +/- +2% Pulp & Paper 713 711 0% Service 41% (37%) Capital Metals 357 316 +13% 59% (63
Slide 7: Service business by business area
SERVICE BUSINESS BY BUSINESS AREA % of total business area revenue PULP & PAPER METALS % MEUR % MEUR 100 1500 100 500 48 51 45 49 1000 50 41 50 250 23 27 24 25 25 500 0 0 0 0 2018 2019 2020 2021 Q1 2022 2018 2019 2020 2021 Q1 2022 Share in % Service revenue (last 4 quarters) Share in % Service reven
Slide 8: Order backlog reaches record high
ORDER BACKLOG REACHES RECORD HIGH Solid workload for 2022 Pulp & Paper and Hydro account for 76% of total order backlog ORDER BACKLOG BY BUSINESS AREA Q1 2022 VS. Q1 2021 IN MEUR +33% D IN MEUR 9,435 8,121 8,166 A 7,724 7,778 7,925 C 7,261 7,397 7,330 7,404 7,342 6,841 6,883 7,084 6,774 7,071 6,553
Slide 9: Earnings and profitability increased significantly vs. Q1 2021
EARNINGS AND PROFITABILITY INCREASED SIGNIFICANTLY VS. Q1 2021 Profitability increases in all four business areas EBITA* AND EBITA MARGIN EBITA* AND EBITA MARGIN EBITA MARGIN REPORTED ADJUSTED PULP & PAPER METALS 9.7% 9.9% +10% +4% 122.3 4.0%** 117.2 3.2%** 4.6% 110.9 112.7 2.8% 8.0% 7.7% 7.4% 7.5%
Slide 10: EBITDA – Net income bridge
EBITDA – NET INCOME BRIDGE IN MEUR 163.4 (151.1)* 122.3 TAX RATE: 26.6% -41.1 (110.9)* 106.3 (-40.2)* (96.4)* 95.6 -16.0 (-14.5)* -10.7 (84.0)* 70.2 (-12.4)* -25.4 (61.0)* (-23.0)* * (Q1 2021) 10 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR Q1 2022 / APRIL 29, 2022 / © ANDRITZ GROUP
Slide 11: Cash flow from operating activities and free cash flow
CASH FLOW FROM OPERATING ACTIVITIES AND FREE CASH FLOW IN MEUR 133.9 5.7 0.3 Split of total depreciation: (-36.5)* (5.1)* -5.1 (0.1)* 227.1 ~41 MEUR depreciation (-6.2)* ~16 MEUR IFRS 3 amortization -32.8 (69.2)* 188.0 (-32.3)* 57.1 -39.1 (37.3)* (-31.9)* (54.7)* 125.1 -18.2 Change in NWC: 25.4 2.2
Slide 12: Solid financial position
SOLID FINANCIAL POSITION Gross liquidity of ~2.0 billion euros, net liquidity at ~900 million euros Note: Since January 1, 2019, lease liabilities are excluded from the calculation of net liqudity; 2018 adjusted IN MEUR Acquisition Schuler: Strong increase in net liquidity 600 MEUR 2,350 Acquisition
Slide 13: Key figures Q1 2022 at a glance
KEY FIGURES Q1 2022 AT A GLANCE UNIT Q1 2022 Q1 2021 +/- 2021 Order intake MEUR 2,588.6 1,729.5 +49.7% 7,879.7 Increase in cash flow mainly Order backlog due to change in net working MEUR 9,435.1 7,071.3 +33.4% 8,165.8 (as of end of period) capital Revenue MEUR 1,526.9 1,493.2 +2.3% 6,463.0 EBITA ME
Slide 14: Agenda: Update of business areas
AGENDA 3 U P D AT E O F B U S I N E S S AR E AS 14 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR Q1 2022 / APRIL 29, 2022 / © ANDRITZ GROUP
Slide 15: Pulp & Paper: earnings and profitability at unchanged favorable levels
PULP & PAPER: EARNINGS AND PROFITABILITY AT UNCHANGED FAVORABLE LEVELS Significant increase in order intake due to receipt of large pulp mill order in China UNIT Q1 2022 Q1 2021 +/- 2021 ORDER INTAKE BY REGION Order intake MEUR 1,105.8 845.5 +30.8% 3,774.7 Q1 2022 VS. Q1 2021 (%) Order backlog (as o
Slide 16: Metals: earnings and profitability up
METALS: EARNINGS AND PROFITABILITY UP Increase in order intake and revenue UNIT Q1 2022 Q1 2021 +/- 2021 ORDER INTAKE BY REGION Order intake MEUR 501.4 429.1 +16.8% 1,778.8 Q1 2022 VS. Q1 2021 (%) Order backlog (as of end of period) MEUR 1,704.8 1,307.1 +30.4% 1,541.7 Revenue MEUR 356.5 316.1 +12.8%
Slide 17: Hydro: good business development
HYDRO: GOOD BUSINESS DEVELOPMENT Strong increase in order intake, solid margin UNIT Q1 2022 Q1 2021 +/- 2021 ORDER INTAKE BY REGION Order intake MEUR 756.3 284.3 +166.0% 1,565.2 Q1 2022 VS. Q1 2021 (%) Order backlog (as of end of period) MEUR 3,279.5 2,595.2 +26.4% 2,747.8 Revenue MEUR 291.6 316.0 -
Slide 18: Separation: very favorable business development
SEPARATION: VERY FAVORABLE BUSINESS DEVELOPMENT Increase in order intake, revenue, and earnings q/q UNIT Q1 2022 Q1 2021 +/- 2021 ORDER INTAKE BY REGION Order intake MEUR 225.1 170.6 +31.9% 761.0 Q1 2022 VS. Q1 2021 (%) Order backlog (as of end of period) MEUR 569.9 439.3 +29.7% 499.1 Revenue MEUR 1
Slide 19: Agenda: Outlook
AGENDA 4 OUTLOOK 19 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR Q1 2022 / APRIL 29, 2022 / © ANDRITZ GROUP
Slide 20: Market outlook and financial guidance
MARKET OUTLOOK AND FINANCIAL GUIDANCE Financial guidance 2022 confirmed OUTLOOK • War in Ukraine as regional incident taken into account • Possible impact from Chinese Covid policy cannot be estimated and may have negative influence on ANDRITZ’s financial development FINANCIAL GUIDANCE for 2022 conf
Slide 21: Legal disclaimer
LEGAL DISCLAIMER © ANDRITZ AG 2022 This presentation contains valuable, proprietary property belonging to ANDRITZ AG or its affiliates (“the ANDRITZ GROUP”), an d no licenses or other intellectual property rights are granted herein, nor shall the contents of this presentation form part of any sales