Slide 1: KAP AG 2023 Full Year Figures
KAP AG We build market leaders! 2023 Full Year Figures
Slide 2: Disclaimer
Disclaimer This presentation was prepared by KAP AG exclusively for the benefit and internal use of the Recipient and solely as a basis for discussion of certain issues described herein. This presentation is strictly confidential and may not be reproduced, summarised or disclosed, in whole or in par
Slide 3: Table of contents
Table of contents Marten Julius Dr. Hartmut Sauer CEO 1 Company overview and business model 2 Financials 2023 3 Outlook Responsibilities (i.a.): Mainly responsible for the strategy, business surface technologies development, M&A, segment Finance, IR, Sustainability Overall, >25 years relevant
Slide 4: Company overview & business model
Company overview & business model
Slide 5: Focus on attractive niche markets in selected industrial sectors
Focus on attractive niche markets in selected industrial sectors KAP at a glance Industrial holding focused on midsize niche markets EBITDA 2023 Revenue 2023 (normalised) Long-term segment strategy for developing market leaders with sustainable growth potential €337.0m €17.3m (-22.3%) (-51.8 %)
Slide 6: We develop industrial products and technological solutions for international clients
We develop industrial products and technological solutions for international clients KAP Group – Segment overview flexible films engineered products surface technologies precision components One of the leading specialists of Leading manufacturer of technical Leading market position in surface Europe
Slide 7: Segment attractiveness
Segment attractiveness… ….underpinned by mega trends, defensible barriers to entry, and strong customer base flexible films engineered products surface technology precision components Mega trends such as global Mega trends support Light-weight trend and Growth of the group is Warming and dem
Slide 8: Longer term market outlook for KAP underpinned by structural mega trends
Longer term market outlook for KAP underpinned by structural mega trends Mega trends engineered flexible surface precision kap products films technologies components Group Mega trends KAP‘s future Mobility The future of passengers and growth path is goods transport supported by s Sustainability Cons
Slide 9: Synergistic buy-and-build platform with active portfolio management and value creation
Synergistic buy-and-build platform with active portfolio management and value creation Business model KAP operates a professional holding structure that enables its portfolio companies to seize attractive market opportunities Buy-and-build platform: Acquisition of medium-sized family businesses that
Slide 10: Financials 2023
kap.. EXCELLENCE
Slide 11: Figures in-line with reduced guidance – but overall disappointing
Figures in-line with reduced guidance – but overall disappointing KAP Group – Highlights FY 2023 Various challenges remain: Markets do not fully absorb rise in energy and material costs Special issues in key sectors like automotive and construction Structural adjustments and improvement meas
Slide 12: Revenue and EBITDA impacted by various challenges
Revenue and EBITDA impacted by various challenges FY 2023 – Earnings position KAP Group Revenues down significantly; on a like-for- Revenue Normalised EBITDA (in €m) (in €m / margin in %) like basis by -12.1 % -22.3 % -51.8 % Multiple negative impacts weigh especially on normalised EBITDA and ma
Slide 13: Decline in revenue and in normalised EBITDA
Decline in revenue and in normalised EBITDA FY 2023 – flexible films Revenue Normalised EBITDA Revenue down by 44.5 %; on a like-for-like (in €m) (in €m / margin in %) basis by 24.8 % -44.5 % -56.3 % Normalised EBITDA also down significantly (-56.3 %); like-for-like: 21.4 % 177.1 Margin slight
Slide 14: Impacted by negative automotive sector
Impacted by negative automotiv sector FY 2023 – engineered products Revenue Normalised EBITDA Revenue down from 145.7 Mio. EUR to (in €m) (in €m / margin in %) 116.7 Mio EUR -19.9% -66.3 % Normalised EBITDA also down to 3.1 Mio. EUR (previous year: 9.2 Mio. EUR) 145.7 Normalised EBITDA margin
Slide 15: Higher revenue but slightly reduced normalised EBITDA
Higher revenue but slightly reduced normalised EBITDA FY 2023 – surface technologies Revenue Normalised EBITDA Revenue up 5.1 % to 68.6 Mio. EUR (in €m) (in €m / margin in %) +5.1 % Normalised EBITDA down from 6.8 Mio. -10.3 % EUR to 6.1 Mio. EUR 65.3 68.6 Increase in energy costs still burden
Slide 16: Increase in revenue, normalised EBITDA and margin
Increase in revenue, normalised EBITDA and margin FY 2023 – precision components Revenue Normalised EBITDA Revenue up 17.1 % to 53.4 Mio. EUR (in €m) (in €m) +17.1 % Normalised EBITDA turned positive (2.1 Mio EUR after -0.1 Mio. EUR in 53.4 2022) 45.6 Margin on normalised EBITDA: 3.9 % (-0.2%
Slide 17: Outlook
Outlook
Slide 18: Forecast uncertainty due economical and political threats
Forecast uncertainty due economical and political threats Outlook Results FY 23* Guidance 2024 Forecast 2024 Revenues: € 316.7 million Revenues: moderately higher than FY 2023* Normalised EBITDA: significantly above Normalised EBITDA: € 15.6 million FY 23* Our overall assessment takes into a
Slide 19: IR contact
IR contact KAP AG Kai Knitter Head of Investor Relations & Corporate Communications Edelzeller Str. 44 36043 Fulda P +49 661 103 327 E investorrelations@kap.de Please feel free to visit our Investor Relations website: www.kap.de/investor-relations