Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — H1 2020 Earnings Presentation
19 slides from Rational Aktiengesellschaft's earnings presentation, Jul 30, 2020
Slide 1: Conference Call – HY1 2020
Conference Call – HY1 2020 Landsberg am Lech, 30 July 2020
Slide 2: Important KPIs for Q2 2020
Important KPIs for Q2 2020 Overview -42% -43% 53% Order intake Sales revenue Gross profit decrease decrease margin 1.6 mEUR 1.4% Positive EBIT EBIT margin Landsberg am Lech, 30 July 2020
Slide 3: Important KPIs for HY1 2020
Important KPIs for HY1 2020 Overview -26% -25% 55% 9% Order intake Sales revenue Gross profit EBIT margin decrease decrease margin 17 mEUR 77% 13.5 mEUR 201 mEUR Operating Equity Capex Net financial Cashflow ratio position Landsberg am Lech, 30 July 2020
Slide 4: 2019 and 2020 sales revenues per quarter
2019 and 2020 sales revenues per quarter In mEUR 231 205 213 194 181 117 -7% -43% Q1 Q2 Q3 Q4 2019 2020 Landsberg am Lech, 30 July 2020
Slide 5: HY1 2020 characterised by the corona crisis: nearly all regions affected
HY1 2020 characterised by the corona crisis Nearly all regions affected by the crisis Sales revenues in % of total (Sales revenue growth in %) Germany (-20%) North 13% America 19% 47% (-27%) Europe (-27%) 15% Asia (-17%) (excluding Germany) Latin America 4% (-45%) Rest of the World 6% (-16%) Landsbe
Slide 6: HY1 2020 characterised by the corona crisis: both product segments suffering
HY1 2020 characterised by the corona crisis Both product segments are suffering Sales revenues combi steamers Sales revenues VarioCookingCenter/iVario 366 - 26 % 270 34 28 -18 % HY1 2019 HY1 2020 HY1 2019 HY1 2020 Sales revenue in mEUR Sales revenue growth in % Landsberg am Lech, 30 July 2020
Slide 7: Positive EBIT in Q2 2020 despite 43% drop in sales revenues
Positive EBIT in Q2 2020 despite 43% drop in sales revenues Cost savings, hiring freeze, short-term work EBIT per quarter in mEUR EBIT-margin per quarter in % 64 61 29 28 52 25 47 24 14 26 2 1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 Landsberg am Lech, 30 July 2020
Slide 8: Solid balance sheet is a decisive advantage in the crisis
Solid balance sheet is a decisive advantage in the crisis 200 mEUR net financial position HY1 2020 HY1 2019 Non-current assets 201 195 Inventories 84 64 Trade receivables 86 122 Other assets 49 87 Liquid funds 186 121 Total assets 615 589 Equity 471 424 Non-current liabilities 34 38 Current provisio
Slide 9: The greatest “Innovation Journey“ ever
The greatest “Innovation Journey“ ever With the most intelligent cooking system of all times › 05 May 2020: RATIONAL iCombi Pro® › 12 May 2020: RATIONAL iCombi Classic® › 19 May 2020: New Connected Cooking › 26 May 2020: RATIONAL Condensation Hoods › 16 June 2020: RATIONAL iVario Pro® › 23 June 2020
Slide 10: The iCombi Pro
The iCombi Pro The new “Gold Standard“ in the kitchen Exact results. High productivity. Effective cleaning. Optimal planning. Landsberg am Lech, 30 July 2020
Slide 11: Der iVario Pro
Der iVario Pro Das multifunktionale Kochsystem mit Kontakthitze Sicheres Wunschergebnis. Effektives Energiemanagement. Für mehr Effizienz und Flexibilität.
Slide 12: Landsberg am Lech, 30
Landsberg am Lech, 30
Slide 13: The greatest „Innovation Journey“ ever
The greatest „Innovation Journey“ ever R&D › 10,000 3D models and 3,500 new drawings › 937 functional tests during the last three years Durability › 193 durability tests within three years › 23,000 days or 63 years test time Quality › 1,811 cooking path setups were tested and released › 50 tons of f
Slide 14: Partly integration of pan production
Partly integration of pan production Core competences and production process know how Innovate Develop Produce Supply Fully automated pan production assembly: ➢ Integration of core competence into the company, increasing competitive advantage ➢ Pan production is extremely difficult in terms of preci
Slide 15: Negative corona impact on most customer segments
Negative corona impact on most customer segments Restaurant sector hit most ~45% Restaurants with service ~40% Mass Catering ~5% ~10% Restaurants without service Retail Graphic refers to the number of sold appliances Landsberg am Lech, 30 July 2020
Slide 16: No detailed outlook possible right now
No detailled outlook possible right now Landsberg am Lech, 30 July 2020
Slide 17: The crisis is causing risks …
− Less purchasing power of our customers. − Less tourism, less events, less restaurant The crises is visits etc. causing − Less business travel, more home office. − More home cooking and cold nutrition. risks … − Consolidation of dealers and end- customer sectors. − Growing second-hand market. − Dep
Slide 18: … but also numerous chances.
− New customer groups gaining in importance (retail, delivery, dark kitchens...). − More focus on hygiene and healthy cooking … but also methods. numerous − More pressure on efficiency in professional kitchens. chances. − Jobs in kitchens even more unattractive. − Higher need for cooking intelligenc
Slide 19: RATIONAL
RATIONAL
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