Autoneum Holding AG · SIX:AUTN
Autoneum — FY2024 Earnings Presentation
23 slides from Autoneum's earnings presentation, Mar 12, 2025
Slide 1: 2024 Annual Results Conference
March 12, 2025 2024 Annual Results Conference Autoneum. Mastering sound and heat. Autoneum. Mastering sound and heat.
Slide 2: Agenda
Agenda 1. Business year 2024 Eelco Spoelder, CEO 2. Financial results 2024 Bernhard Wiehl, CFO 3. Outlook 2025 Eelco Spoelder, CEO 4. Q&A 2024 Annual Results . March 12, 2025 2
Slide 3: 2024 Highlights: Guidance from March 2024 clearly achieved
2024 Highlights Guidance from March 2024 clearly achieved Revenue growth Solid financial New guiding Important steps Technology and in slightly shrinking performance further principles and in focus area Asia, sustainability market improved strategy mainly China leadership • Revenue in local currenci
Slide 4: Significant increase in order book due to record order intake
Accelerate global growth Significant increase in order book due to record order intake 7.8* CHF billion 6.4 New business awards received in 2024 of CHF 3.2 billion (lifetime revenue) 2021-2023 2022-2024 actual/booked actual/booked Order intake (3 years rolling lifetime revenue) * Lifetime revenue ba
Slide 5: Important steps toward a sustainable future
Corporate Responsibility Important steps toward a sustainable future 262 Implementation of 262 eco-efficiency projects for energy, waste and water Gold medal in the 2024 More than 30000 tons of recycled EcoVadis sustainability rating PET used in Autoneum products Fourth employee engagement Water wit
Slide 6: Agenda
Agenda 1. Business year 2024 Eelco Spoelder, CEO 2. Financial results 2024 Bernhard Wiehl, CFO 3. Outlook 2025 Eelco Spoelder, CEO 4. Q&A 2024 Annual Results . March 12, 2025 6
Slide 7: Positive trend supported by inorganic growth
Revenue development Positive trend supported by inorganic growth CHF million +15.7 − +6.7 +26.9 −40.4 +3.3 −14.9 −6.5 −59.8 +139.7 −34.3 2 398.5 Organic revenue change: −2.9% 2 338.7 2 302.3 Inorganic revenue change: +7.1% Revenue BG Europe BG North BG Asia BG SAMEA Corporate and Revenue Currency Re
Slide 8: EBIT increase supported by operational improvements
Operating result (EBIT) development EBIT increase supported by operational improvements CHF million Margin Margin Margin 3.6% 8.6% 14.2% Margin 5.3% +0.4 +2.9 Margin −9.5 • Global operational improvements, particularly 5.0% +20.2 in North America Margin 4.3% • Positive impact from footprint adjustme
Slide 9: Considerable increase in profitability
Income statement Considerable increase in profitability CHF million 2023 2024 Change Revenue 2 302.3 2 338.7 36.4 • Above-average conversion of the revenue growth into EBITDA and EBIT EBITDA 226.3* 246.7 20.4 • Interest expenses by CHF 7.6 million in % of revenue 9.8% 10.5% lower due to lower debt l
Slide 10: Solid free cash flow
Cash flow statement Solid free cash flow • Operating cash flow on a similarly high CHF million 2023 2024 Change level with last year, despite the absence of the prior year’s one-off reductions in NWC Cash flows from operating activities 190.3 189.8 −0.6 as well as payouts for footprint adjustments C
Slide 11: Further strengthening of the balance sheet
Balance sheet Further strengthening of the balance sheet CHF million 31.12.2023 31.12.2024 Change • Total assets reduced compared to prior- year end despite positive FX translation Total assets 1 671.2 1 632.3 −38.9 effects of CHF 33.2 million Non-current assets (excl. leased assets) 734.4 760.5 26.
Slide 12: Leverage already close to medium-term target
Net-debt-to-EBITDA ratio (incl. lease labilities) Leverage already close to medium-term target 3.5 x 3.0 x Key levers • Targeted profitability improvement 2.5 x • Targeted solid free cash flow 2.0 x Improved ability • to cover net debt 3.3x 1.5 x • to take on the additional debt required to grow the
Slide 13: Key terms of proposed capital band
Amendment to the Articles of Association Key terms of proposed capital band Size Availability Purpose Subscription rights a maximum of up to 2920226 5 years until April 1, 2030 for acquisitions of companies for all existing shareholders, but fully paid-up registered shares or parts of companies, the
Slide 14: Financial and ESG targets well on track
Medium-term targets Financial and ESG targets well on track Financial targets ESG targets Revenue EBIT margin Free cash flow Net debt to EBITDA CO2 emissions Non-hazardous CHF 3 billion* 6% to 8% >5% of revenue (incl. IFRS 16) Scope 1 and 2 waste over the cycle <1.5x Reduce by 20%** Reduce by 40%**
Slide 15: Agenda
Agenda 1. Business year 2024 Eelco Spoelder, CEO 2. Financial results 2024 Bernhard Wiehl, CFO 3. Outlook 2025 Eelco Spoelder, CEO 4. Q&A 2024 Annual Results . March 12, 2025 15
Slide 16: Our strategic pillars at a glance
Corporate strategy Level Up Our strategic pillars at a glance Shape a future-fit Innovate to create Accelerate product portfolio customer value global growth Foster a people Be the sustainability Boost cost- centric culture benchmark competitiveness 2024 Annual Results . March 12, 2025 16
Slide 17: Specific action plans for three pillars
Corporate strategy Level Up Specific action plans for three pillars Shape a future-fit Accelerate global Boost cost- product portfolio growth competitiveness • Keep adapting our product and technology • Expand in growing markets and accelerate • Strive for constant cost optimization portfolio to a s
Slide 18: Action plan 2025 per Business Group
Action plan 2025 per Business Group Focus on profitable and sustainable growth Europe Asia • Continued focus on profitable growth • Customized integration of • Balance production footprint Jiangsu Huanyu Group in China • Improve ESG KPIs • Develop new materials and products in R&T Center in Shanghai
Slide 19: Flat market trend expected in 2025
Light vehicle production forecast Flat market trend expected in 2025 Yearly global automobile production • Decrease in production expected in the first half-year 2025 with recovery in the second half-year to a million units globally flat full-year development 91.1 • Western production areas facing c
Slide 20: Guidance 2025
Guidance 2025 Revenue Profitability and free cash flow According to the latest market forecast*, Based on the expected revenue, for the automobile production will show no growth in 2025. 2025 financial year Autoneum anticipates Consequently, Autoneum expects revenue of an EBIT margin of 5% to 6% and
Slide 21: Contacts and Event Calendar
Contacts and Event Calendar Investors and Financial Analysts and Media Contact Address Bernhard Weber Autoneum Holding Ltd Head Financial Services & IR / Schlosstalstrasse 43 / P.O. Box CH - 8406 Winterthur Head Corporate Communications a.i. www.autoneum.com T +41 52 244 82 07 investor@autoneum.com
Slide 22: Disclaimer
Disclaimer Autoneum is making great efforts to include accurate and up-to-date information in this document, however, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoev
Slide 23: Autoneum. Mastering sound and heat.
Autoneum. Mastering sound and heat.