Aalberts N.v. · EURONEXT:AALB

Aalberts — Shareholder Meeting (May 2021)

31 slides from Aalberts's shareholder meeting presentation, May 27, 2021

  1. Slide 1: Algemene Vergadering

    Algemene Vergadering Utrecht, 27 mei 2021

  2. Slide 2: 1. Aalberts 2020

    1. Aalberts 2020 Wim Pelsma - CEO

  3. Slide 3: You will find Aalberts where technology matters

    “you will find Aalberts where technology matters and real progress can be made” humanly, environmentally and financially

  4. Slide 4: Our essence

    our essence we engineer mission-critical technologies for ground-breaking industries and everyday life we are a company of mission-critical people who can’t resist going beyond the line of duty - good is never good enough sharing and discussing ‘bad’ gets us to brilliant – greatness is made of share

  5. Slide 5: Our way of value creation

    our way of value creation our essence shareholder value o leading niche technology positions mission-critical o high entry barriers, pricing power technologies o high added-value margins, sustainable growth o operational excellence good is never o improve EBITA margins, strong cash conversion good e

  6. Slide 6: The Aalberts playbook

    the Aalberts playbook compounding returns relentless pursuit of excellence strong free cash flow portfolio optimisation leverage | excellence disciplined → margin expansion capital allocation focus competitive advantage growth drivers relentlessly creating long-term shareholder value 27 mei 2021 Aal

  7. Slide 7: Our track record - 45 years of sustainable profitable growth

    our track record - 45 years of sustainable profitable growth multi-industry focus portfolio growth focus niche technology focus 3000 600 2,610 2,475 2500 revenue (in EUR million) 500 EBITA (in EUR million) 2000 400 1,683 1500 283* 300 272 1,055 1000 200 180 474 120 500 100 166 59 22 46 18 0 0 1975-1

  8. Slide 8: Our track record - shareholder value creation

    our track record - shareholder value creation earnings per share dividend per share return on incremental long-term shareholders (in EUR) (in EUR) capital employed (ROICE) (> 3% holdings) 1.81* 1.72 0.60 capital 0.52 EBITA employed 1.10 180 2010 1,339 0.28 283* 2020 2,406 103 1,067 2010 2015 2020 20

  9. Slide 9: Our key strength - mission-critical people

    our key strength - mission-critical people the Aalberts way greatness is made of shared knowledge winning with people our unique advantage be an entrepreneur take ownership go for excellence share and learn act with integrity the Aalberts way – winning with people 27 mei 2021 Aalberts | Algemene Ver

  10. Slide 10: Our strategy & objectives 2018-2022

    our strategy & objectives 2018-2022 strategy ‘focused acceleration' non-financial objectives financial objectives (before IFRS 16) remain improve worldwide leading niche average organic focused technology positions revenue growth > 3% technology positions EBITA margin > 14% creating sustainable prof

  11. Slide 11: Innovation drives organic revenue growth

    innovation drives organic revenue growth continuous investments in R&D megatrends shaping our future target rates rapid urbanisation % > 120 innovation rate EUR mio climate change resource scarcity > 450 FTE the internet % KAM rate of things R&D investments increased globalisation & co-development i

  12. Slide 12: Sustainable entrepreneurship

    sustainable entrepreneurship rapid climate change the internet urbanisation resource scarcity of things globalisation & co-development connectivity & integration niche technologies end markets hydronic flow control creating energy savings eco-friendly buildings piping systems hygienic distribution o

  13. Slide 13: Aalberts highlights

    Aalberts highlights revenue added-value (in EUR million) (% of revenue) 2,610 61.6 o limited number of COVID-19 infections; continued operations in a safe way -8% 2019: 62.8 o revenue EUR 2,610 million; organic decline 7.0% EBITA EBITA % (in EUR million) (% of revenue) o orderbook at year-end 9.3% h

  14. Slide 14: Operational development

    operational development o organic revenue decline amounted to 7.0% o second quarter impacted by COVID-19 and temporary customer shutdowns o second half business overall recovered o year ended with strong orderbook, 9.3% higher than last year o focused on cash management, cost optimisations and innov

  15. Slide 15: Overview end markets and regions

    overview end markets and regions eco-friendly buildings sustainable transportation o recovered well from lower level 2Q o faced difficult circumstances 2Q due to customer » due to innovations, reopening distribution shutdowns, inventory reduction channels, increase customer demand and o after reopen

  16. Slide 16: Overview end markets and regions

    overview end markets and regions revenue per end market (in %) revenue per region (in %) 8 11 5 14 26 20 58 58 eco-friendly buildings 58% Western Europe 58% industrial niches 20% America 26% sustainable transportation 14% Eastern Europe, Russia 11% semicon efficiency 8% APAC, Middle East, Africa 5%

  17. Slide 17: Operational excellence and portfolio optimisation

    operational excellence and portfolio optimisation o we accelerated the action plan as presented during our Capital Markets Day » focused, clustered and simplified organisation » reduced overhead in all segments » reduced net working capital structurally » many projects implemented to optimise our op

  18. Slide 18: 1. Aalberts 2020

    1. Aalberts 2020 Arno Monincx - CFO

  19. Slide 19: Revenue bridge

    revenue bridge 27 mei 2021 Aalberts | Algemene Vergadering 19

  20. Slide 20: EBITA bridge

    EBITA bridge * before strategic restructuring cost 27 mei 2021 Aalberts | Algemene Vergadering 20

  21. Slide 21: Condensed consolidated income statement

    condensed consolidated income statement in EUR million 2020 2019 revenue 2,610.4 2,841.3 EBITDA 422.6* 493.4 depreciation (140.1)* (130.8) EBITA 282.5* 362.6 net finance cost (22.4) (23.2) income tax expense (ETR 2020: 24.4, 2019: 22.9) (52.7)* (68.2) non-controlling interests (7.8) (3.8) net profit

  22. Slide 22: Condensed consolidated balance sheet

    condensed consolidated balance sheet in EUR million 31.12.2020 31.12.2019 total non-current assets 2,263 2,383 total current assets 992 1,083 total assets 3,255 3,466 total equity 1,806 1,838 total non-current liabilities 588 793 total current liabilities 861 835 total equity and liabilities 3,255 3

  23. Slide 23: Condensed consolidated cash flow statement

    condensed consolidated cash flow statement in EUR million 2020 2019 delta EBITDA 379.3 493.4 (114.1) result on sale of equipment / changes in provisions 12.5 (13.1) 25.6 changes in working capital 61.9 (15.2) 77.1 cash flow from operations 453.7 465.1 (11.4) purchase of property, plant and equipment

  24. Slide 24: Revenue & capital expenditure

    revenue & capital expenditure in EUR million 2020 2019 delta installation technology 1,015.2 1,071.4 (5%) material technology 664.7 772.0 (14%) climate technology 633.8 690.7 (8%) industrial technology 325.5 343.9 (5%) holding / eliminations (28.8) (36.7) total revenue 2,610.4 2,841.3 (8%) in EUR mi

  25. Slide 25: EBITA & EBITA margin

    EBITA & EBITA margin in EUR million 2020* 2019 delta installation technology 110.1 129.6 (15%) material technology 56.3 97.2 (42%) climate technology 77.0 83.4 (8%) industrial technology 46.4 64.1 (28%) holding / eliminations (7.3) (11.7) total EBITA 282.5 362.6 (22%) in % of revenue 2020* 2019 delt

  26. Slide 26: Dividend proposal

    dividend proposal dividend per share (in EUR) 0.80 0.75 0.65 0.58 0.60 0.52 0.46 0.41 0.35 2012 2013 2014 2015 2016 2017 2018 2019 2020 we propose a cash dividend of EUR 0.60 per share (2019: EUR 0.80) 27 mei 2021 Aalberts | Algemene Vergadering 26

  27. Slide 27: 2. Aalberts trading update first four months 2021

    2. Aalberts trading update first four months 2021 Wim Pelsma - CEO

  28. Slide 28: Trading update - first four months 2021

    trading update - first four months 2021 o good start of the year, first four months » organic revenue growth 15% compared to last year » orderbook end of April 30% higher than last year o activities eco-friendly buildings did very well in all regions » several growth drivers: • market recovery and r

  29. Slide 29: Trading update - first four months 2021

    trading update - first four months 2021 o in semicon efficiency we again realised strong growth and performance » long-term growth drivers • strong microchip demand for computer logic and storage • e-mobility developments • investments in new fabs and 5G roll-out » we expect a strong growth for this

  30. Slide 30: Trading update - first four months 2021

    trading update - first four months 2021 o industrial niches orderbook increased last months » expect further increase towards the second half of the year » first signs of recovery within beverage dispense are visible o so far, no severe issues with raw material shortages » business teams are managin

  31. Slide 31: 3. Questions & answers

    A aalberts 3. questions & answers

Aalberts — Shareholder Meeting (May 2021) on 6ix