Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — FY2022 Earnings Presentation
26 slides from Rational Aktiengesellschaft's earnings presentation, Mar 28, 2023
Slide 1: Earnings Call Fiscal Year 2022
When it tastes great, we all speak the same language. Earnings Call Fiscal Year 2022 Landsberg am Lech, 28 March 2023
Slide 2: Review of 2022: The Ukraine war and supply shortages
Review of 2022 The Ukraine war and supply shortages Q1 Evacuation of Ukrainian colleagues and humanitarian projects Q2 Q1 2022 ended with the Delivery difficulties of second highest quarterly electronical components revenue in the company's Q3 history. 400 million Euro of order backlog Q4
Slide 3: Review of 2022: Energy prices move to the center of discussions
Review of 2022 Energy prices move to the center of discussions. Q1 Fragile supply chains worldwide, e.g., due to lockdowns in Q2 China RATIONAL convinces as "Best Rising prices for energy, raw Managed Company" and one of materials and food the most sustainable medium- Q3 sized companies. Increasing
Slide 4: Review of 2022: Repeatedly high scores in customer satisfaction
Review of 2022 Repeatedly high scores in customer satisfaction Q1 Long delivery times remain 87% of our employees are Q2 proud to work at RATIONAL. Adjustment of the 2022 forecast due to Q3 › Stable material availability › Pricing effects Net Promoter Score of 64 › Currency development Q4
Slide 5: Review of 2022: 2022 ends with historic turnover growth
Review of 2022 2022 ends with historic turnover growth Q1 Sales revenues reach one billion Euro for the first time Q2 Order backlog reduced from approx. 400 m EUR to approx. 245 m EUR Q3 RATIONAL is named Factory of the Year for the first time. Short-term delivery to customers in many markets possib
Slide 6: Factory of the Year 2022: RATIONAL wins overall ranking
Factory of the Year 2022 RATIONAL wins overall ranking Factory of the Year GEO Excellent Award transformation: site Factory 1-3 Landsberg am Lech Factory 1 & 2 Friedrichshafen Bad Neustadt factory Excellent Excellent series Excellence in Excellence in transformation: production sustainability supply
Slide 7: Energy efficiency: iCombis certified with ENERGY STAR 3.0
Energy efficiency iCombis certified with more severe ENERGY STAR 3.0 Potential energy 35% savings Improved insulation Increasing cooking Optimised regulations 6% efficiency Further development of door glass coating
Slide 8: ConnectedCooking: New dashboard with energy KPIs
ConnectedCooking New dashboard with energy KPIs Energy consumption Consumption peaks Door openings Idle times
Slide 9: Slide 9
Slide 10: Figures. Facts. Data.
Figures. Facts. Data. Fiscal Year 2022
Slide 11: 1 billion euros in sales for the first time
1 billion euros in sales for the first time in the company's history Sales revenues increases by 31% to 1,022 m EUR +31% Sales revenues in m EUR +8% -23% 1,022 +11% +20% +15% 844 778 780 702 650 613 2016 2017 2018 2019 2020 2021 2022
Slide 12: Sales revenues grow from one all-time high to the next
Sales revenues grow from one all-time high to the next Thanks to material availability, price increases and currency effects Sales revenues in m EUR +50% +33% +34% +10% 290 274 225 232 231 205 212 213 207 194 193 168 2019 2021 2022 2019 2021 2022 2019 2021 2022 2019 2021 2022 Q1 Q2 Q3 Q4
Slide 13: Fiscal year 2022: Sales revenue by region
Fiscal year 2022: Sales revenue by region America's emphasise position as the biggest growth market North America +58% Germany +22% Asia +3% 221 126 100 103 159 120 123 126 140 2019 2021 2022 2019 2021 2022 2019 2021 2022 Europe +30% Latin America 439 Rest of the world 377 337 +27% +62% 53 47 36 58
Slide 14: iVario very much in demand - iCombi also strong
iVario very much in demand - iCombi also strong Both product groups continued to be in strong demand Sales revenues in m EUR +28% iCombi iVario 895 769 698 +57% 128 75 81 2019 2021 2022 2019 2021 2022 16
Slide 15: Further normalisation of delivery times
Further normalisation of delivery times 245 m EUR or 25,000 units in the order book at the end of 2022 Orders Sales revenues Order backlog ~245 m EUR ~70 m EUR Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 2019 2020 2021 2022
Slide 16: EBIT at all-time high
EBIT at all-time high EBIT margin at 23% in fiscal year 2022 EBIT in m EUR EBIT margin +48% +9% -52% +9% 238 223 +50% 205 188 160 27% 107 26% 26% 23% 21% 16% 2017 2018 2019 2020 2021 2022
Slide 17: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in m EUR 2021 2022 Non-current assets 219 237 Inventories 97 116 Trade receivables 109 175 Other assets 105 163 Liquid funds 254 208 Total assets 784 899 Equity 603 676 Non-current liabilities 34 31 Current provisi
Slide 18: Investments
Investments Forward-looking investments thanks to solid financial situation Depreciation/amortisation Investments in m EUR 43,4 40 40 37 31 30 31 29 25 26 14 12 2017 2018 2019 2020 2021 2022 *The years 2019 and following include depreciation resulting from IFRS 16.
Slide 19: Gross margin supported by pricing and high production volume
Gross margin supported by pricing and high production volume EBIT margin increased by 2.7 percentage points to 23.2% 2022 vs. 2021 1 in mEUR 2022 2021 Change Margin Impact sales revenue 1022 780 +31% --- Strong sales support margin + development COGS -457 -350 +30% +0,2% Gross Profit 565 429 +32% --
Slide 20: Dividend 2022
Dividend 2022 Dividend of 11.00 Euros and special dividend of 2.50 Euros proposed Dividend per share Special dividend per share in EUR Earnings per share 16,33 11 € Dividend per share 15,09 13,84 12,58 10,88 2,50 2,50 € Special dividend per share 2,20 11,00 9,50 2,50 8,80 7,04 7,50 5,70 83% Total pa
Slide 21: Employee satisfaction remaining on high level
Employee satisfaction remaining on high level 87% of our employees are proud to work for RATIONAL Number of employees 2,401 are proud to work at 2,258 2,248 87% RATIONAL 2,113 2,180 1,884 8% Staff turnover 5% Wage increase in Germany 2,000 € +15% Inflations compensation bonus per head 2017 2018 2019
Slide 22: Sales revenue and profit outlook for 2023
Sales revenue and profit outlook for 2023 Cautiously optimistic for the current fiscal year Sales growth Operating costs EBIT will rise at a slightly in the high single-digit rise slightly faster than slower pace than sales percentage range sales revenues revenues
Slide 23: Site expansion in China
Site expansion in China Local entry combi-steamer for Chinese market New Product for the Chinese market Local production with local suppliers Lower-tier cities with more than 900 million people in our target market
Slide 24: Open House
Open House Landsberg | 8 July 2023 Siegfried-Meister-Concert Landsberg | 22 October 2023
Slide 25: RATIONAL
RATIONAL
Slide 26: Disclaimer
Disclaimer Diese Präsentation dient ausschließlich dem Zweck, die RATIONAL-Gruppe vorzustellen und einen kurzen Überblick zu geben. Die in ihr enthaltenen Informationen erheben keinen Anspruch auf Vollständigkeit und eignen sich nicht als Basis für unternehmerische Entscheidungen oder als Anlageempf
RATIONAL Aktiengesellschaft — FY2022 Earnings Presentation on 6ix