Sulzer Ag · SIX:SUN
Sulzer — 9M 2021 Earnings Presentation
16 slides from Sulzer's earnings presentation, Oct 27, 2021
Slide 1: 9M 2021 Order Intake
9M 2021 Order Intake October 27, 2021
Slide 2: Disclaimer
This presentation may contain forward-looking Disclaimer statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and uncertainties. These forward-looking statements are subject to change base
Slide 3: This presentation does not include medmix (ex Applicator Systems)
Treatment This presentation of medmix does not include medmix (ex Applicator Systems) ▪ medmix spin-off through symmetrical split, SIX-listed on September 30 ▪ Sulzer did not retain an economic interest, fully separate ▪ medmix is classified as discontinued operations since the split ▪ medmix 9M ord
Slide 4: Overview
Overview Greg Poux-Guillaume | CEO
Slide 5: Sulzer post split: new names for new ambitions
Sulzer post split: Pure play flow control company with attractive technology portfolio new names for new in growth markets driven by ambitions sustainability Flow Equipment Services Chemtech Changed from Pumps Equipment, because we Changed from Rotating Equipment Services. Unchanged at this point, b
Slide 6: Sulzer strategy: a clear path to value creation
Sulzer strategy We have a clear path to value creation, based on strong positions 1 2 3 4 Grow Water Leverage unique Defend Chemical ESG focus as a key to and Industry in service proposition leadership while strong, sustainable Flow Equipment and digital / additive boosting Biopolymers financial per
Slide 7: Q3 2021 Highlights: Q3 above expectations and strong across the board
Q3 2021 Highlights Q3 above expectations and strong across the board Q3 Orders CHF 803m YTD orders ▪ +15.7% FX adjusted and +11.8% organic • Water and Industry upswing in Flow Equipment Other 27% Aftermarket 51% • EMEA and Americas dynamic in Services, APAC still impacted by lockdowns • China and US
Slide 8: Q3 Division Performance
SULZER Q3 Division Performance
Slide 9: Flow Equipment
Flow Equipment Water is 40% of division orders in Q3 and YTD, up 20% YOY Order intake | In CHF millions Highlights 9M 21 9M 20 YOY Adj.1 Org.2 ▪ Q3 orders up 23% YOY FX adjusted and up 15% organic 969 1’019 –4.9% –5.0% –10.7% ▪ All segments with strong order growth • Water up 20% driven by municipal
Slide 10: Services
Services EMEA and Americas dynamic, APAC recovery still to come Order intake | In CHF millions Highlights 9M 21 9M 20 YOY Adj.1 Org.2 ▪ Q3 orders up 12% YOY FX adjusted and up 10% organic 874 881 –0.9% –0.3% –1.1% ▪ Growth driven by Pumps Services (+15%), other Equipment +9% ▪ EMEA +22% and Americas
Slide 11: Chemtech
China and Field Service US strong, Chemtech increased momentum in other regions Order intake | In CHF millions Highlights 9M 21 9M 20 YOY Adj.1 Org.2 ▪ Q3 orders up 8% YOY FX adjusted and organic 512 459 11.5% 11.4% 11.4% ▪ China continues to be strong (+14% in Q3) ▪ Field Services with good momentu
Slide 12: Takeaways
SULZER Takeaways _a
Slide 13: Takeaways
Takeaways ▪ Q3 orders growth of +11.8% organic confirms improving trends in many industries ▪ Recovery not complete as lockdowns particularly in Southeast Asia still impact growth ▪ Logistics challenges lead to some project delays, weighting on revenue recognition. Material inflation manageable to d
Slide 14: Mid-term targets
Mid-term targets Confirmed as presented at the June 2021 Capital Markets Day Flow Equipment Services Chemtech Sulzer Sales Growth1 3-4% 3-5% 5-7% 4-5% Operational Profitability2 7-8% 15% 11-12% 10-11% 1. Average sales growth p.a., FX adjusted 2. opEBITA margin as a percentage of sales 27.10.2021 9M
Slide 15: Thank you, Q&A Session
Thank you Q&A Session Greg Poux-Guillaume | CEO Jill Lee | CFO
Slide 16: Your Investor Relations Contact
Your Investor Christoph Ladner Head of Investor Relations Sulzer Management Ltd P +41 52 262 30 22 Neuwiesenstrasse 15 Relations Contact M +41 79 326 69 70 E christoph.ladner@sulzer.com 8401 Winterthur Switzerland sulzer.com 27.10.2021 9M 2021 Order Intake | Overview | Greg Poux-Guillaume | CEO 16