Heidelberger Druckmaschinen Ag · XETR:HDD
Heidelberger Druckmaschinen — Q3 FY2021/22 Earnings Presentation
17 slides from Heidelberger Druckmaschinen's earnings presentation, Feb 9, 2022
Slide 1: Third Quarter Results FY 2021/2022
Perspectives Heidelberger Druckmaschinen AG - Third Quarter Results FY 2021/2022 Rainer Hundsdörfer, CEO | Marcus A. Wassenberg, CFO | Wiesloch, February 9 th, 2022 PERSPECTIVES
Slide 2: Disclaimer
Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel
Slide 3: Highlights Q3 FY 2021/22
Operations resilient Earnings quality improved yet again. Orders up by 15 %, order backlog now over pre-pandemic level. Highlights Core business strategy: Subscription partnership Comprehensive offering of machine, service/consulting and Q3 consumables to enable maximum machine efficiency in highly
Slide 4: Order development
Order development. Strong order backlog giving comfort for next FY. // Order intake: strongest December since 2018 // Order backlog exceeding pre-pandemic level FY 19/20 FY 20/21 FY 21/22 FY 19/20 FY 20/21 FY 21/22 +16% +39% 950 636 643 818 557 682 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1
Slide 5: Q3 FY 21/22
Q3 FY 21/22. Improved earnings quality supported by higher sales volume. Net Orders Net Sales 1.888 1.565 1.421 637 1.289 582 557 484 +33% +16% +21% +20% #1 9m FY 21 9m FY 22 Q3 FY 21 Q3 FY 22 #2 9m FY 21 9m FY 22 Q3 FY 21 Q3 FY 22 Result after taxes* EBITDA* [in % of Net Sales] 132 109 40 57 27 42
Slide 6: Earnings bridge
Earnings bridge. Significant increase in quality of earnings. // Main changes y/y: FY 21 9m reported 109 -73 - Reorganization of the pension scheme -60 - Lower compensation from short-time work > 110 Mio. € -15 75 + Volume & margin improvements - material price inflation operating improvements 55 +
Slide 7: Segments
Segments. Strong recovery in core business - new business areas growing. Customer Segment Print Solutions Packaging Solutions Technology Solutions Customer Commercial Digital Folding Carton Label E-mobility Zaikio Category Industrial Print Other Technology Other Packaging Other Printed Electronics 9
Slide 8: Financing framework
Financing framework. Risk reduction: equity increased; net debt kept on balanced level. Equity (ratio) Net debt // Essential factors: (2,6%) (5,2%) (7,2%) 161 109 127 • Net financial position reduced and 57 67 kept on a low level after 9m. 6 Q3 FY 21 Q4 FY 21 Q3 FY 22 Q3 FY 21 Q4 FY 21 Q3 FY 22 • Be
Slide 9: High confidence in meeting targets
High confidence in meeting targets. Sales forecast specified to > € 2.1 bn. 26% of the lifecycle turnover • Concretization due to 20% market share for private charging Sales > € 2.1 billion increased visibility. (previously: > € 2.0 bn) systems in Germany • Strong order backlog founds solid basis. •
Slide 10: Focus on strategic initiatives
Value creation. Focus on strategic initiatives. Value levers 1 Operating 2 Strengthen 3 Capture value 4 Grow in further profitability core business in new ventures adjacent business Streamline Raise share of Further expand Based on existing organization wallet in packaging e-mobility competences Opt
Slide 11: Strengthen core – strategic partnership with Munich Re
Strengthen core – strategic partnership with Munich Re. Evolve our core business strategy with Subscription. Payment streams (customer view) Low OEE in the customer base gives Service lost significant potential to grow with to third party + customers. Output based fee exceeding base volume Subscript
Slide 12: E-mobility
E-mobility. Strong organic growth and new prospects. Organic growth M&A activities / partnerships // Net Sales: Acquisition EnBW technology 35 Accelerated market entry into (semi)public +169% charging and fleet management. 14 13 +140% 12 Charging station basis for exploring new 9 9 business models.
Slide 13: E-mobility
E-mobility. Building a scalable ecosystem of smart charging solutions. Smart energy management Fleet management Public projects For a reliable and sustainable Software based billing Calibrated charging energy supply. solutions, calibrated wallboxes. stations, also DC. #3 Public projects #2 Fleet man
Slide 14: Printed Electronics
Printed Electronics Launching new fields of applications in the automotive area. Smart seats: Battery monitoring: // New revenue potentials explored. © Heidelberger Druckmaschinen AG 14
Slide 15: Key takeaways
Key takeaways. Financial stability achieved – operating profitability further improving. Evolve core business – digital business models to help customers become more efficient. Pioneering new growth areas – based on existing capabilities. © Heidelberger Druckmaschinen AG 15
Slide 16: Sustainability
Sustainability. Highest efficiency potential in customer’s processes. Carbon footprint of a printing Examples for Heidelberg´s contribution machine over its lifecycle. • Heidelberg commits to becoming climate 20% neutral by 2030. 15% • Selective procurement of and resale of 65% consumables according
Slide 17: Transformation program
Transformation program. Pension obligations with low financing costs compared to ordinary debt. // Net debt (€M) // Repayment profile (annual pension payments HDM Germany €M)* ▪ ~90% of HDM's net debt is due to on-balance sheet pension 943 ~40 obligations ▪ Based on HDM's demographics, pension payme
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