Semperit Ag Holding · VIE:SEM
Semperit — FY2024 Earnings Presentation
38 slides from Semperit's earnings presentation, Apr 9, 2025
Slide 1: Semperit Group At a Glance & FY 2024 Results
SEMPERIT GROUP AT A GLANCE & FY 2024 RESULTS INVESTOR PRESENTATION
Slide 2: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance 2024 (p.8) Financial Performance 2024 (p.15) ESG (p.24) Outlook (p.27) Appendix (p.31) 2 Investor Presentation I Semperit at a Glance & FY 2024 Results I Investor Relations
Slide 3: Leading industrial elastomer specialist with diversified product portfolio
Leading industrial elastomer specialist with diversified product portfolio Semperit is a global pioneer in the production of high-quality elastomer applications for industrial clients with a 200 years’ history. We are constantly expanding our global footprint – with technologically value-added innov
Slide 4: Vision, megatrends and strengths
OUR VISION: Addressing global challenges through value-added elastomer applications IMPORTANT MEGATRENDS Climate change | Demographics | Urbanisation | Mobility | Electrification Leading market position Technological edge Resilient business model Strong industrial platform Among the world's leading
Slide 5: Divisional set-up combines core business strength with rubber compound expertise
Divisional set-up as introduced in 2023 combines strength of core business with our expertise in rubber compounds and our innovative solutions 2024 results confirm thrust of strategic positioning as divisional structure provides growth platform with future scale effects Cost leadership Leveragin
Slide 6: Strategic focus for Semperit Industrial Applications
Strategic focus for Semperit Industrial Applications HOSES – Cost leadership and enlargement of PROFILES – Focus on Europe and US product range DH5 investment: Capacity expansion in Odry/CZ will Strengthening our position in the European construction strengthen Semperit’s position as one of the glob
Slide 7: Strategic focus for Semperit Engineered Applications
Strategic focus for Semperit Engineered Applications BELTING – Levering on FORM – Profitable niches and RICO – Platform for organic and existing capacity optimized margins inorganic growth Surpassing the expected global Strong focus on growth with new Expansion in Thalheim (Austria) market growth by
Slide 8: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance 2024 (p.8) Financial Performance 2024 (p.15) ESG (p.24) Outlook (p.27) Appendix (p.31) 8 Investor Presentation I Semperit at a Glance & FY 2024 Results I Investor Relations
Slide 9: Milestones 2022 – 2025
Milestones 2022 – 2025 Sharpened focus on core Powerful divisional structure All strategic milestones industrial elastomers with special focus on future achieved - strong platform competence through growth and operating to further strengthen the divestment of Sempermed leverage market position 2022
Slide 10: Highlights 2024 – promised and (over)delivered
Highlights 2024 – promised and (over)delivered Focus on profitable growth resulted in EBITDA up by 21.1% to 90 EUR 84.9m and a higher margin of 12.5% (+2.3PP) 80 84.9 Guidance: 80 – guidance outperformed 70 60 70.1 Earnings after tax turned from a loss of EUR –17.1m in 2023 to a 50 positive EUR 11.5
Slide 11: Two complementary divisions with one strong industrial base
Two complementary divisions with one strong industrial base Semperit Industrial Applications Semperit Engineered Applications 2024 2024 43% 2023 2023 49% 51% 48% 48% 52% 52% 57% Starting Q1 2024, Surgical Operations have been part of the discontinued operations and are not included in the charts. Al
Slide 12: Semperit Industrial Applications FY 2024
Semperit Industrial Applications FY 2024 Margin recovery supported by cost efficiency measures EBITDA in EUR m EBITDA margin 23.9% 21.5% 21.9% 19.1% 17.6% 19.2% 18.5% Semperit 12.5% 16.3% 10.2% 13.9% Industrial 30.2 Applications 21.3 24.0 6.3% 17.5 17.8 13.8 17.2 12.6 11.3 10.0 7.4 4.2 Q1’22 Q2’22 Q
Slide 13: Semperit Engineered Applications FY 2024
Semperit Engineered Applications FY 2024 Top-line growth but margin pressure due to lower demand EBITDA in EUR m 17.0% 16.4% 17.1% 18.3% 2.3 EBITDA margin 15.1% 12.7% 15.2% 11.3% 12.4% 12.8% Semperit 8.7% 9.6% Engineered 4.1 15.8 14.0 15.4 Applications 11.3 12.2 13.1 11.3 12.6 8.4 7.5 8.8 5.2 1 1 Q1
Slide 14: New innovative products support growth pipeline
New innovative products support growth pipeline with wide range of applications Heavy duty rubber/metal parts Trackbelt for mining applications Compression molded heavy-duty rubber-metal Building on our extensive experience in mountain parts for use in vertical tower/stirred mills for fine Hybrid ha
Slide 15: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance 2024 (p.8) Financial Performance 2024 (p.15) ESG (p.24) Outlook (p.27) Appendix (p.31) 15 Investor Presentation I Semperit at a Glance & FY 2024 Results I Investor Relations
Slide 16: Financial highlights 2024
Financial highlights 2024 Continued focus on Healthy balance Enhanced efficiency Dividend proposal Digital transformation free cash flow sheet with and focus on to the AGM reflects through “oneERP”, through active significant cash operating leverage good liquidity IT enhancements and working capital
Slide 17: Key financial results FY 2024
Key financial results FY 2024 FY 2024 FY 2023 Δ Revenues in EUR m 676.6 681.8 -0.8% Revenues: top-line pressure from lower volumes and weak demand largely compensated by Rico consolidation EBITDA in EUR m 84.9 70.1 +21.1% EBITDA: higher profitability driven by EBITDA margin in % 12.5 10.3 +2.3PP
Slide 18: Detail on Last Twelve Month (LTM) view
Detail on Last Twelve Month (LTM) view – cost management improved margins LTM Industrial Revenue (EUR m) and operating EBITDA margin (%) 734.0 739.5 717.4 705.0 695.1 681.8 681.4 671.6 660.3 668.9 676.6 596.9 556.1 527.4 507.0 518.9 490.1 478.4 487.0 497.3 17.1 17.5 16.5 16.7 16.9 15.9 16.0 16.3 15.
Slide 19: EBITDA development: price/volume effect offset through lower costs and Rico
EBITDA development: price/volume effect offset through lower costs and Rico +21% in EUR m 7.3 84.9 1.5 86.3 12.5 70.1 12.5 43.1 Cost reduction program started 2023, targeting EUR 10m -35.7 Savings in total: EUR 18.4m Savings 2024: -24.9 EUR 12.6m reported Price & Volume Cost of Personnel Consulting,
Slide 20: Consistent working capital reduction over last two years
Consistent working capital reduction over last two years Components of Working Capital1 in EUR m 20.5% 21.8% 15.9% 18.7% 17.7% 18.0% 15.2% 155.6 160.4 127.7 134.8 120.9 120.2 102.7 114.7 121.9 110.8 106.6 108.4 101.5 85.7 Inventories 99.4 100.8 86.1 86.7 70.7 76.5 73.7 Trade receivables -58.5 -62.3
Slide 21: Free cash flow, CAPEX and net financial debt
Free cash flow, CAPEX and net financial debt Free cash flow nearly doubled to EUR 45.8m (’23: EUR 26.3m) Capex increased to EUR 64.6m (’23: 55.6m) due to further growth investment in DH5 and LSR Net financial debt / EBITDA multiple stable at 1.2x in EUR m 0.7 10.3 -45.8 29.5 115.2 -6.6 103.3 -
Slide 22: Robust balance sheet structure and financial profile
Robust balance sheet structure and financial profile Balance sheet structure Financial profile as of 31 December 2024 Balance sheet 31/12/2024: EUR 914m Cash and cash equivalents at EUR 126m (+11,8%) Balance sheet 31/12/2023: EUR 938m Financial liabilities at EUR 234.1m, increase (3%) due to fin
Slide 23: Capital allocation and usage of cash
Capital allocation and usage of cash Free cash flow (EUR 45.8m) Normal Investments € Growth Investments € Shareholder Return % MAINTENANCE GROWTH CAPEX & DIGITALIZATION M&A DIVIDENDS CAPEX Strategic growth project: Commitment to maintaining expansion of the hydraulic Attractive and enhancing our hos
Slide 24: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance 2024 (p.8) Financial Performance 2024 (p.15) ESG (p.24) Outlook (p.27) Appendix (p.31) 24 Investor Presentation I Semperit at a Glance & FY 2024 Results I Investor Relations
Slide 25: ESG targets until 2030 and performance 2024
ESG targets until 2030 and performance 2024 Energy1 Waste Emissions Competitive ESG Target 2030 2024 Target 2030 2024 Target 2030 2024 rating year: -5% reduction +3.9% energy -7% reduction -9.1% waste -10% reduction -2.1% emission by 2030 increase per good by 2030 reduction per good by 2030 scope 1
Slide 26: A glimpse of current sustainability projects
A glimpse of current sustainability projects DH5 – Focus on sustainability Semperit’s Scale up of photovoltaics and automation profiles circularity at production sites • One of the world’s largest production sites • Reclaimed waste and scrap from • PVs can cover more than 10% of own elec- for indust
Slide 27: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance 2024 (p.8) Financial Performance 2024 (p.15) ESG (p.24) Outlook (p.27) Appendix (p.31) 27 Investor Presentation I Semperit at a Glance & FY 2024 Results I Investor Relations
Slide 28: Outlook
Outlook Commodity business (SIA) still operating in subdued economic environment due to weak construction and yellow goods industries (construction and agriculture) operating EBITDA guidance at EUR 65m - 85m project expenses oneERP expected at ~EUR 5m (P&L effective) Markets with different dynamics
Slide 29: Five reasons to invest in Semperit
Investment Proposition Five reasons to invest in Semperit 1 Leading global market position in elastomer applications with strong industrial base 2 Relentless focus on innovation and technology 3 Resilient business model driven by operating leverage and cost leadership 4 Strong balance sheet and cash
Slide 30: Contact and financial calendar
Contact and financial calendar Investor Relations Semperit Financial Calendar 2025 Judit Helenyi, Director Investor Relations 20.03.2025 Publication of 2024 annual financial statements 23.04.2025 Annual General Meeting, Vienna +43 1 79777 - 310 14.05.2025 Report on Q1-3 2025 www.semperitgroup.com/en
Slide 31: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance 2024 (p.8) Financial Performance 2024 (p.15) ESG (p.24) Outlook (p.27) Appendix (p.31) 31 Investor Presentation I Semperit at a Glance & FY 2024 Results I Investor Relations
Slide 32: Divisions & Group
Divisions & Group in EUR m INDUSTRIAL APPLICATIONS (SIA) ENGINEERED APPLICATIONS (SEA) SEMPERIT GROUP 1 2 1 2 1 FY 2024 FY 2023 % FY 2204 FY 2023 % FY 2024 FY 2023 % Revenue 293.5 330.8 -11.3% 383.0 351.0 9.1% 676.6 681.8 -0.8% EBITDA 52.2 46.9 11.4% 48.1 50.5 -4.8% 84.9 70.1 21.1% EBITDA margin 17.
Slide 33: Semperit Group (continuing operations)
Semperit Group (continuing operations) in EUR m FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q 2021 2022 2022 2022 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 2 nue 601.8 181.5 213.3 198.6 186.4 779.8 176.4 179.3 163.8 162.3 681.8 176.0 169.5 161.1 TDA 54.0 20.3 33.7 25.9 20.7 100.5 21.0 22.9 13.
Slide 34: Semperit Industrial Applications, Semperit Engineered Applications & Corporate
Semperit Industrial Applications, Semperit Engineered Applications & Corporate in EUR m SEMPERIT INDUSTRIAL APPLICATIONS (SIA) FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2021 2022 2022 2022 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Revenue 341.9 111.1 126.4 111.6 101.1 450.2 9
Slide 35: Key figures 2012-2024
Key figures 2012-2024 in EUR m KEY PERFORMANCE FIGURES 2013 2014 1 2015 1 2016 adj.2 2017 adj.3 2018 adj.4 2019 adj.5 2020 adj.6 2021 7 2022 adj.7 2023 adj.8 2024 adj.8 Revenue 906.3 858.3 914.7 852.4 874.2 875.5 840.6 927.5 601.8 779.8 681.8 676.6 EBITDA 132.5 101.9 96.2 74.7 35.8 50.3 63.8 208.6 5
Slide 36: Overview price indices LFO-F-NEW / Butadiene
Overview price indices LFO-F-NEW / Butadiene Significant increase for raw material1 used in industrial segments Price index LFO-F-NWE Price indices Butadiene as main raw material for synthetic rubber / latex 250 250 ø 2021 ø 2022 ø 2023 ø 2024 ø 2021 ø 2022 ø 2023 ø 2024 200 200 150 150 100 100 50 5
Slide 37: Notes
Notes 37 Investor Presentation I Semperit at a Glance & FY 2024 Results I Investor Relations
Slide 38: Semperit – Experience for Tomorrow
206 SEMPERIT © EXPERIENCE FOR TOMORROW