Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q1 2024 Earnings Presentation
29 slides from Rosenbauer International's earnings presentation, May 16, 2024
Slide 1: Investor & Analyst Presentation May 16, 2024
Investor & Analyst Presentation May 16, 2024 Sebastian Wolf | CEO
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: Please read the following before continuing. The following applies to this document, which has been prepared by Rosenbauer International AG (the “Company”, together with its consolidated subsidiaries, the “Group”) solely for discussion purposes in relation to the Company, to th
Slide 3: Agenda
AGENDA 01 Rosenbauer Group at a glance 02 Q1 2024 Financial figures 03 Outlook 04 Q&A
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity Story
ROSENBAUER GROUP AT A GLANCE Equity Story Global market leader • System provider of fire-fighting equipment and preventive fire protection • Globally leading producer of fire-fighting vehicles • 11% RB market share of firefighting vehicles (global market volume 2022: ~ 21,300 pcs)* Unrivalled worldw
Slide 6: ESG profile
ROSENBAUER GROUP AT A GLANCE ESG profile Responsibility Development Impact Performance Our customers, fire Targets for diversity / Assembler with a CDP rating B brigades around the gender equality, work conscious consumption VÖNIX rating B globe, are the first line in safety & health, energy, of nat
Slide 7: FDIC 2024 in numbers
ROSENBAUER GROUP AT A GLANCE FDIC 2024 in numbers • April 17-20, Indianapolis • FDIC show attendees: around 37,000 • FDIC exhibitors: over 800 • Countries in attendance: around 70 • Rosenbauer Dealers: 175 • Strong positioning as the leader in e-mobility • RTX of Vancouver Fire Rescue Services displ
Slide 8: Q1 2024 Financial figures
Q1 2024 Financial figures
Slide 9: Multilateral refinancing agreement (MRFA)
Q1 2024 FINANCIAL FIGURES Multilateral refinancing agreement (MRFA) Necessary after a breach of contractually agreed Group financial covenants with the banks was imminent as at December 31, 2023 (equity ratio, net debt / EBITDA ratio) Negotiations started before balance sheet date and successful
Slide 10: Highlights 1-3/2024
Q1 2024 FINANCIAL FIGURES Highlights 1-3/2024 • The Rosenbauer Group generated revenues of € 225.6 million in the first three months of 2024, which is 17.7% above the comparable period of the previous year. • The reasons for this were a larger number of vehicle deliveries, which by itself increased
Slide 11: Key financial figures
Q1 2024 FINANCIAL FIGURES Key financial figures in € million 1-3/2022 1-3/2023 1-3/2024 Change Revenues 176.7 191.7 225.6 17.7% EBITDA -11.5 2.5 7.6 - EBIT -18.6 -4.9 0.3 - EBIT margin -10.5% -2.6% 0.1% - EBT -20.2 -9.6 -9.0 - Net profit for the period -15.7 -10.7 -9.1 - Cash flow from operating act
Slide 12: Revenues and EBIT quarterly
Q1 2024 FINANCIAL FIGURES Revenues and EBIT quarterly 800 90,0 in € million 80,0 700 70,0 60,0 50,0 600 26,3 40,0 22,1 19,9 30,0 500 8,9 10,4 20,0 3,6 5,6 0,4 0,3 10,0 -4,6 -7,3 -4,9 400 365,4 0,0 325,6 -18,6 321,0 -10,0 300 268,8 -20,0 241,9 253,0 238,6 -30,0 206,2 221,5 225,6 201,4 191,7 -40,0 200
Slide 13: Development of revenues
Q1 2024 FINANCIAL FIGURES Development of revenues in € million +17.6% +42.5 • Rosenbauer Group with +4.5 +1.6 225.6 -1.7 € 225.6 million in -13.1 revenues after the first three months 2024 191.7 • A larger number of vehicle deliveries and higher business volumes 1-3/2023 Europe Middle East Asia- Ame
Slide 14: Development of EBIT
Q1 2024 FINANCIAL FIGURES Development of EBIT +1.0 +0.4 +0.0 0.3 in € million • The turnaround is continuing. -0.5 +4.4 • The substantial increase in gross profit enabled a positive operating result in the first quarter for the first time in two years. -4.9 • Despite negative one-off 1-3/2023 Europe
Slide 15: Investments, depreciation
Q1 2024 FINANCIAL FIGURES Investments, depreciation Investments, depreciation in € million 4,9 5,0 4,8 3,9 • Focus on the completion 3,7 of important investment 3,0 projects • Further roll-out of SAP S4/Hana Q1/2022 Q1/2023 Q1/2024 Investments Depreciation 15 | Investor & Analyst Presentation
Slide 16: Statement of financial position – key figures
Q1 2024 FINANCIAL FIGURES Statement of financial position – key figures Change in € million 03/31/2023 12/31/2023 03/31/2024 Q1/2023 vs.Q1/2024 Total assets 1,095.8 1,166.7 1,266.1 15.5% Equity ratio 16.4% 15.7% 13.5% - Capital employed (ø) 641.8 637.6 720.5 12.3% ROCE -0.8% 5.9% 0.0% - ROE -5.2% 3.
Slide 17: Cash Conversion Cycle – current status
Q1 2024 FINANCIAL FIGURES Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) Work in Progress Organi- Standardi- zation zation 198 506,4 1-3/2023 190 458,9 1-3/2024 Payment Finished Terms Goods 86 Client 74 70 65 157 154 Procure- ment 28 32 -2%
Slide 18: Trade Working Capital and Financing
Q1 2024 FINANCIAL FIGURES Trade Working Capital and Financing Trade Working Capital Financing in € million in € million 289,2% 1.200,0 • Change of the Trade 1.064,5 241,6% 972,2 Working Capital to € 506.4 million 161,7% 492,8 • Ratio of advanced 506,4 434,9 payments 23.4% 431,0 458,9 307,1 190,0 • C
Slide 19: Outlook
Outlook
Slide 20: Order intake / backlog
OUTLOOK Order intake / backlog Order intake / order backlog Order intake 1-3/2024 by area PFP in € million Asia-Pacific 3% (4%) 1.935,1 4% (13%) 1.610,0 1.242,9 Americas 29% (28%) € 362.4 Europe 46% (51%) million 362,4 263,1 293,3 Q1/2022 Q1/2023 Q1/2024 Order intake Order backlog Middle East & Afri
Slide 21: Development of the average price of a fire truck
OUTLOOK Development of the average price of a fire truck Average price of a fire truck in € t (Comparison of deliveries and orders) 533,0 439,0 443,0 406,0 + 20% Q1 2023 Q1 2024 + 8% Fire truck delivered Fire truck ordered 21 | Investor & Analyst Presentation
Slide 22: Outlook 2024
OUTLOOK Outlook 2024 The International Monetary Fund (IMF) recently improved its outlook for the global economy slightly. It is expected to grow by 3.2% in 2024. The pace of growth thus remains low by historical standards, which is partly due to the high financing costs and the reduction in fiscal
Slide 23: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 24: Appendix
Appendix
Slide 25: Executive Board and employee figures
APPENDIX Executive Board and employee figures Andreas Zeller CSO Area Europe I Area Middle East & Africa I Area Asia-Pacific I Area Americas I Customer Service & Digital Solutions I Sales Administration Sebastian Wolf Number of employees (as of reporting date) CEO Global Marketing I Global Product M
Slide 26: Worldwide network of production, service and sales locations
APPENDIX Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Pichling Asten Graz ASIA-PACIFIC Telfs CHINA FRANCE Kunming Meyzieu AMERICAS SINGAPORE GERMANY Lyons, South Dakota Singapore Karlsruhe Fremont, Nebraska PHILIPPINES Luckenwalde Wyoming, Minnesota M
Slide 27: Leading system provider for fire protection
APPENDIX Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2023) Municipal 43% Fire & Safety Equipment ARFF Customer Service 11% Vehicles 74% 14% Aerials Preventive Fire Protection 6% 9% Industrial 10% 4% 3% other revenues 27 | Investor & Analyst P
Slide 28: Rosenbauer share
APPENDIX Rosenbauer share Investor FR 6% 1-3/2023 1-3/2024 Highest price in € 35.1 32.6 Free float** BVG* 43% 51% Lowest price in € 30.3 27.2 Closing share price in € 32.6 28.2 Market capitalization in € million 221.7 191.8 40 Dividend in € 0.0 0.0 30 Dividend yield in % 0.0% 0.0% 20 Earnings per sh
Slide 29: Financial calendar
APPENDIX Financial calendar Tiemon Kiesenhofer May 17, 2024 Publication of the interim statement Q1/2024 Head of Investor Relations +43 (0)664 80 679 6538 August 9, 2024 Publication of the Half-Year Financial Report 2024 Fabio Wurm November 15, 2024 Publication of the interim statement Q3/2024 Susta
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