Bekaert Sa · EURONEXT:BEKB
Bekaert Sa — Q1 2025 Earnings Presentation
17 slides from Bekaert Sa's earnings presentation, May 14, 2025
Slide 1: Bekaert Q1 2025 Trading Update
Bekaert Q1 2025 Trading Update 14 May 2025
Slide 2: Safe harbor
Safe harbor This presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results
Slide 3: Agenda
Agenda 1 Introduction and highlights Yves Kerstens, CEO Yves Kerstens CEO 2 Financial review Seppo Parvi, CFO 3 Outlook Yves Kerstens, CEO Seppo Parvi CFO 3
Slide 4: Introduction and highlights
Yves Kerstens, CEO Introduction and highlights 4
Slide 5: Q1 2025 trading update
Q1 2025 trading update Resilient performance demonstrates ability to navigate challenging markets − Q1 2025 consolidated sales of €991m (-3% vs Q1 2024) driven mainly from pass-through of lower input costs and lower volumes − Sales from joint ventures (non-consolidated) of €214m (-2% vs Q1 2024) − C
Slide 6: Mixed performance across the business
Mixed performance across the business Strong focus on minimizing the impact of tariffs Rubber Reinforcement − Strong performance in China offsetting volume decreases in Europe and North America − Ongoing overcapacity and uncertainty over tariffs, but Bekaert well positioned from its global productio
Slide 7: Local sourcing and production footprint have minimised the impact of tariffs to date
Local sourcing and production footprint have minimised the impact of tariffs to date Majority of US sales are local-for-local 1 Imports Negotiations to date successful passing on additional costs to customers 9% China − In line with historical business model passing on higher raw material costs and
Slide 8: Financial review
Seppo Parvi, CFO Financial review 8
Slide 9: Consolidated sales bridge
Consolidated sales bridge Resilient results in a challenging market environment in millions of € Mainly impact from 1025 changes in regional mix (more sales in China) -23 4 991 9 -11 -12 Pass-through of lower raw material and 1,025 energy costs vs Q1-24 410 991 Q1-24 Raw materials Price-mix Net volu
Slide 10: Rubber Reinforcement
Rubber Reinforcement Strong performance in China offsetting volume decreases in Europe and North America Consolidated sales (€m) Mixed volumes across regions • Significant volume growth in China • Lower volumes in Europe and North America mainly due to lower demand for truck tires High plant utiliza
Slide 11: Steel Wire Solutions
Steel Wire Solutions Solid sales performance both on volumes and mix Solid sales performance both on volumes and mix Consolidated sales (€m) • Like-for-like volumes up +2.7% (excluding plant closures) • EMEA volumes +2%, strong sales in agriculture and consumer products • China volumes +14% driven b
Slide 12: Bridon-Bekaert Ropes Group
Bridon-Bekaert Ropes Group Steel ropes business in Europe and North America continued to further improve output reliability Consolidated sales (€m) Results in line with expectations • +2% volume growth in steel ropes mainly in the Americas and in China • Production output reliability maintained for
Slide 13: Specialty Businesses
Specialty Businesses Strong focus on cost management and pause in capacity ramp-up Sustainable Construction Consolidated sales1 (€m) • Volumes -10% and sales -14% • US flooring project delays especially in the automotive and logistics sectors • Increased price competition impacting volumes in Europe
Slide 14: Summary and outlook
Yves Kerstens, CEO Summary and outlook 14
Slide 15: Summary and outlook
Summary and outlook Navigating challenging markets; macro-economic and global trade policy uncertainty Strategic transformation has made Bekaert more resilient • Improved product portfolio • Actions taken to protect margins and cash flows • Exiting lower margin businesses 2025 outlook Financial impa
Slide 16: Q&A
Q&A 16
Slide 17: Bekaert
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