Slide 1: Earnings Call – Q1 2020 Results STS Group AG
Investor Presentation STS Group AG Earnings Call – Q1 2020 Results STS Group AG Mai 13, 2020 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 1
Slide 2: Andreas Becker and Ulrich Hauck will present Q1 2020 results
Investor Presentation STS Group AG Andreas Becker and Ulrich Hauck will present Q1 2020 results ANDREAS BECKER, CEO (LEFT) STS Board Member since 2013. 22 years of industry experience. He has been CEO of the STS Group since its foundation and occupied before several management positions within the A
Slide 3: Market Highlights Q1 2020
Investor Presentation STS Group AG Market Highlights Q1 2020 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 3
Slide 4: Current status in the COVID-19 crisis
Investor Presentation STS Group AG Market Highlights Q1 2020 Current status in the COVID-19 crisis AMERICAS EUROPE CHINA − COVID-19 pandemic reached also − All plants in Europe closed in CW 12 − Plants were closed from CW6 for two North and South America to six weeks − Plants reopened between CW17 a
Slide 5: Several measures applied to counteract actual situation
Investor Presentation STS Group AG Market Highlights Q1 2020 Several measures applied to counteract actual situation Ramp-Up of plants Cost Savings Liquidity − With customer aligned reopening of − Short time work implemented in all − Governmental guaranteed loans have plants to assure supply chain p
Slide 6: Development of relevant automotive markets
Investor Presentation STS Group AG Market Highlights Q1 2020 Development of relevant automotive markets MHCV Europe2) (1,000 units1)) Light Vehicle Italy3) (1,000 units1)) Automotive China4) (1,000 units1)) -22.6% 255 -42.4% -29.7% 222 7,399 124 127 180 195 6,372 5,950 6,048 100 172 93 87 3,672 Q1 1
Slide 7: Financial Highlights Q1 2020
Investor Presentation STS Group AG Financial Highlights Q1 2020 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 7
Slide 8: Q1 2020 significantly impacted by COVID-19
Investor Presentation STS Group AG Financial Highlights Q1 2020 Q1 2020 significantly impacted by COVID-19 all values Revenues Adj. EBITDA in mEUR 2019 -22.2% Comments: 2020 95.5 74.3 Revenues decreased by 22.2% yoy in Q1 2020: 4.3 − Sales decline in Europe due to impact of COVID-19 STS Group and
Slide 9: Significant sales drop in Q1 2020 due to COVID-19
Investor Presentation STS Group AG Financial Highlights Q1 2020 Significant sales drop in Q1 2020 due to COVID-19 Revenues (in mEUR) Revenues by segment (in % of total revenues) FY yoy 95.5 98.3 %-change 82.5 86.5 74.3 10% -20.4% BU Materials 28% -22.5% BU Acoustics 23% +2.9% BU China Q1 Q2 Q3 Q4 Q1
Slide 10: Several measures applied to counteract sales drop
Investor Presentation STS Group AG Financial Highlights Q1 2020 Several measures applied to counteract sales drop Adj. EBITDA (in mEUR) EBITDA Adj. EBITDA Adj. EBITDA Margin (in %) 5.8 5.8 Q1 19 Q1 20 4.3 4.3 4.0 3.1 3.5 Acoustics -0.2% -10.9% 1.4 Plastics 6.5% -1.8% China 9.5% 20.5% -1.3 -1.2 Mater
Slide 11: Free Operating Cash Flow improved versus prior-year
Investor Presentation STS Group AG Financial Highlights Q1 2020 Free Operating Cash Flow improved versus prior-year CAPEX (in mEUR) Free Operating Cash Flow1) (in mEUR) ∑ 13.7 ∑ -3.1 ∑ 17.4 ∑ 2.4 14.5 7.3 0.9 3.2 3.1 3.2 3.8 -4.9 -3.1 2.4 Q1 Q2 Q3 Q4 Q1 in mEUR 2019 2020 Q1 Q2 Q3 Q4 Q1 Oper. CF -0.8
Slide 12: Trade working capital (TWC) continues to be on low level
Investor Presentation STS Group AG Financial Highlights Q1 2020 Trade working capital (TWC) continues to be on low level TWC (in mEUR) TWC Bridge (in mEUR) w/o Tooling Working Capital & w/o Tooling Working Capital Intercompany 4.4 7.7 40.0 37.0 5.8 25.7 -1.1 5.8 7.7 -1.4 31/03 30/06 30/09 31/12 31/0
Slide 13: Focus on tight liquidity management
Investor Presentation STS Group AG Financial Highlights Q1 2020 Focus on tight liquidity management Net financial debt and leverage ratio (in mEUR / multiple) Financial debt (in mEUR) 2019 2020 59.2 31/03 30/06 30/09 31/12 31/03 56.1 55.6 Bank loans 16.7 15.5 14.0 12.4 14.1 39.1 43.9 Third party loa
Slide 14: Key Financials
Investor Presentation STS Group AG Financial Highlights Q1 2020 Key Financials in mEUR / % Q1 2019 Q1 2020 var. in % Revenues 95.5 74.3 -22.2% EBITDA 4.3 -1.3 >-100% EBITDA Margin 4.5% -1.8% -630 bps Adj. EBITDA 4.3 -1.2 >-100% Adj. EBITDA Margin 4.5% -1.7% -610 bps EBIT -0.1 -7.5 >-100% EBIT Margin
Slide 15: Outlook 2020
Investor Presentation STS Group AG Outlook 2020 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 15
Slide 16: First impacted by COVID-19 pandemic, closure of European plants will have main impact in Q2 2020
Investor Presentation STS Group AG Outlook 2020 First impacted by COVID-19 pandemic, closure of European plants will have main impact in Q2 2020 FY 2020 Guidance (April 9, 2020) Due to high uncertainties because of actual developments related to COVID-19 pandemic, the management is only able to give
Slide 17: Capital Market
Investor Presentation STS Group AG Capital Market Personal & third party confidential www.sts.group STS Group © 2020 Slide / 17
Slide 18: STS Group AG will hold virtual general assembly in 2020
Investor Presentation STS Group AG Capital Market STS Group AG will hold virtual general assembly in 2020 JULY 14, 2020 Annual General Meeting (Virtual) AUGUST 6, 2020 Publication Half-yearly report NOVEMBER 4, 2020 Publication of Quarterly Report (Q3) NOVEMBER 16/18, 2020 German Equity Forum 2020,
Slide 19: Q&A Session
Investor Presentation STS Group AG Q&A Session Personal & third party confidential www.sts.group STS Group © 2020 Slide / 19
Slide 20: Disclaimer
Investor Presentation STS Group AG Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in pa
Slide 21: Thank you for your attention!
Investor Presentation STS Group AG Thank you for your attention! Contact us Stefan Hummel Head of Investor Relations ir@sts.group +49 811 124494 12 Personal & third party confidential www.sts.group STS Group © 2020 Slide / 21
Slide 22: Appendix
Investor Presentation STS Group AG Appendix Personal & third party confidential www.sts.group STS Group © 2020 Slide / 22
Slide 23: Net income -8.6 mEUR in Q1 2020 significantly below prior year
Investor Presentation STS Group AG Appendix Net income -8.6 mEUR in Q1 2020 significantly below prior year Adj. EBITDA / Net Income Bridge Q1 2020 (in mEUR) -1.2 -1.3 -1.3 -0.1 -7.5 -8.6 -6.2 -1.1 Adj. Adj. EBITDA D&A EBIT Interest/ Net Net EBITDA Tax Income Income FY 2020 FY 2019 Comments: Personal
Slide 24: Automotive market development puts pressure on share
Investor Presentation STS Group AG Appendix Automotive market development puts pressure on share Share information Share price last 12 months (Xetra) 90 Trades in 1,000 pcs. Share price in % 0,00% 80 -10,00% ISIN DE000A1TNU68 70 -20,00% Number of 60 -30,00% 6,000,000 Shares 50 -40,00% 40 -50,00% Mar