Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — 9M 2020 Earnings Presentation
12 slides from Rational Aktiengesellschaft's earnings presentation, Oct 27, 2020
Slide 1: Conference Call – 9M 2020
Conference Call – 9M 2020 Landsberg am Lech, 27 October 2020
Slide 2: Important KPIs for Q3 2020
Important KPIs for Q3 2020 Overview -20% -21% 56% Order intake Sales revenue Gross profit decrease decrease margin 36.8 mEUR 22% EBIT EBIT margin
Slide 3: 2019 and 2020 sales revenues per quarter
2019 and 2020 sales revenues per quarter In mEUR 231 205 213 194 181 168 117 -7% -43% -21% Q1 Q2 Q3 Q4 2019 2020
Slide 4: Important KPIs for 9M 2020
Important KPIs for 9M 2020 Overview -24% -24% 55% 14% Order intake Sales revenue Gross profit EBIT margin decrease decrease margin 46 mEUR 78% 22 mEUR +200 mEUR Operating Equity Capex Liquid funds cashflow ratio Landsberg am Lech, 27 October 2020
Slide 5: 9M 2020 characterised by the corona crisis: regions affected
9M 2020 characterised by the corona crisis Nearly all regions affected by the crisis Sales revenues in % of total (Sales revenue growth in %) Germany (-19%) North 13% America 18% (-29%) 45% Europe (-23%) 15% Asia (-16%) (excluding Germany) Latin America 4% (-48%) Rest of the World 5% (-24%) Note: Fi
Slide 6: 9M 2020 characterised by the corona crisis: both product segments suffering
9M 2020 characterised by the corona crisis Both product segments are suffering Sales revenues combi steamers Sales revenues VarioCookingCenter® /iVario® 559 - 25 % 421 54 45 -17 % 9M 2019 9M 2020 9M 2019 9M 2020 Sales revenue in mEUR Sales revenue growth in %
Slide 7: EBIT and EBIT margin
EBIT and EBIT margin Cost savings, hiring freeze, short-term work EBIT per quarter in mEUR EBIT-margin per quarter in % 64 61 29 22 28 52 25 47 37 24 14 26 2 1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020
Slide 8: Solid balance sheet is a decisive advantage in the crisis
Solid balance sheet is a decisive advantage in the crisis More than 200 mEUR liquid funds 9M 2020 9M 2019 Non-current assets 212 198 Inventories 79 66 Trade receivables 101 125 Other assets 53 95 Liquid funds 201 168 Total assets 646 652 Equity 501 471 Non-current liabilities 33 37 Current provision
Slide 9: The crisis is causing risks …
− Less purchasing power of our customers. − Less tourism, less events, less restaurant The crisis is visits etc. causing − Less business travel, more home office. risks … − More home cooking and cold nutrition. − Potential consolidation of dealers and end-customer sectors. − Growing second-hand mark
Slide 10: … but also numerous chances.
− New customer groups gaining in importance (retail, delivery, dark kitchens...). … but also − More focus on hygiene and healthy cooking methods. numerous − More pressure on efficiency in professional chances. kitchens. − Jobs in kitchens even more unattractive. − Higher need for cooking intelligenc
Slide 11: High uncertainties about short-term development
High uncertainties about short-term development No serious outlook possible in the moment On the one hand On the other hand − Sharp recovery from the − Restriction in place still limiting very low levels in Q2. business opportunities for our − Stabilisation on this lower customers. level. − Hospital
Slide 12: RATIONAL
RATIONAL