Slide 1: FUCHS Group Financial Results Q1 2024
FUCHS GROUP Financial Results Q1 2024 | Analyst Conference, 30th April 2024 | Isabelle Adelt, Chief Financial Officer | Lutz Ackermann, Head of Investor Relations
Slide 2: Highlights Q1 2024
HIGHLIGHTS Q1 2024 FUCHS WITH GOOD START INTO 2024 €877 mn Q1 2024 ▪ Lower sales yoy due to price Signing of agreement to acquire LUBCON group Sales down 6% yoy adjustments and currency effects ▪ LUBCON: High experience and expertise in the development, €107 mn ▪ EBIT driven by all regions manufactu
Slide 3: FUCHS acquires LUBCON Group
FUCHS ACQUIRES LUBCON GROUP FAMILY-OWNED COMPANY WITH FOCUS ON HIGH-PERFORMANCE LUBRICANTS ▪ Exceptional market position for specialty products ▪ Expansion of existing key markets ▪ Diversification in new segments TECHNOLOGIE- ▪ Strengthening of global footprint KOMPETENZ l3
Slide 4: Sales Development
SALES DEVELOPMENT -6.0% € mn 936 902 886 876 877 870 832 843 808 742 714 718 697 Q1 '21 Q2 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 Q4 Q1 '24 l4
Slide 5: EBIT Development
EBIT DEVELOPMENT 4% € mn 113 107 101 100 103 100 97 90 93 88 87 85 84 Q1 '21 Q2 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 Q4 Q1 '24 l5
Slide 6: FY 2023 Group Sales
FY 2023 GROUP SALES € mn , , -59 (-6%) l6
Slide 7: Q1 2024 KPI Summary
Q1 2024 KPI SUMMARY KPI in € mn Q1 2024 Q1 2023 ▪ Sales down by 6% due to price adjustments and currency effects Sales 877 936 ▪ Gross margin at 33.8% slightly above the previous quarter (33.6%) Cost of sales -581 -647 and sig. above the margin of 30.9% in the prior-year period Gross profit 296 289
Slide 8: Europe, Middle East, Africa
EUROPE, MIDDLE EAST, AFRICA KPI in € mn Q1 2024 Q1 2023 ▪ Sales down 7% from price adjustments in almost all companies Sales 511 552 ▪ Negative currency effects from South Africa and Eastern Organic growth -40 (-7%) 80 (17%) Europe largely offset by positive effects from the UK External growth - - ▪
Slide 9: Asia-Pacific
ASIA-PACIFIC KPI in € mn Q1 2024 Q1 2023 ▪ Sales down 3% due to high negative exchange rate effects Sales 245 252 ▪ Organic growth of 3% thanks to good business development; Organic growth 7 (3%) 21 (9%) business development in China continues to recover; India also with pleasing growth rates Extern
Slide 10: North and South America
NORTH AND SOUTH AMERICA ▪ Sales down 8% due to price adjustments and restrained KPI in € mn Q1 2024 Q1 2023 business development as well as high negative FX effects Sales 167 181 ▪ Sales in South America below previous year, mainly due to Organic growth -3 (-2%) 35 (25%) difficult macroeconomic situ
Slide 11: Net Liquidity
NET LIQUIDITY Free cash flow before acq. € mn €15 mn l 11
Slide 12: Net Operating Working Capital (NOWC)
NET OPERATING WORKING CAPITAL (NOWC) Q1 24 vs Q4 23: Inventories +€13 mn Rec. ./. Liab. +€56 mn € mn Rec. ./. Liab.* Inventories 900 871 853 NOWC (in %) 810 798 271 729 236 671 260 255 261 205 543 164 629 495 593 635 555 537 162 507 524 136 381 359 25,0% 24,0% 24,1% 21,8% 22,6% 23,1% 22,7% 21,6% 19,
Slide 13: Different Price Developments for Raw Material Basket
DIFFERENT PRICE DEVELOPMENTS FOR RAW MAT. BASKET Market Development Q1 2024 185% ▪ After slight decreases at the beginning of Q1, Group I/II base oil prices started to firm up in 2nd half of Q1 155% ▪ Group III base oils with mixed picture and slight changes in both directions depending on the regio
Slide 14: 2024 Outlook Marking a Step Towards EBIT Target 2025
2024 OUTLOOK MARKING A STEP TOWARDS EBIT TARGET 2025 March, 12th April, 30th: Confirming 2023 2024 outlook from KPI* in € mn March,12th Sales 3,541 ~ 3,600 Slight sales growth by mainly volume-driven and assuming stable prices EBIT 413 ~ 430 Strict cost management vs. inflation- and S/4 Hana rollout
Slide 15: Save the Date: FUCHS Capital Markets Day 2024
FUCHS CAPITAL MARKETS DAY 2024 SAVE THE DATE December 5th 2024 To be announced Registration will be open soon If you want to be on our distribution list please send your contact details to ir@fuchs.com
Slide 16: Financial Calendar & Contact
FINANCIAL CALENDAR & CONTACT Financial Calendar 2024 Investor Relations Contact FUCHS SE May 8, 2024 Annual General Meeting Einsteinstr. 11 68169 Mannheim July 30, 2024 Half-year 2024 Financial Statement Phone: +49 (0) 621 3802-1110 www.fuchs.com/group/investor-relations October 30, 2024 Quarterly S
Slide 17: Q&A
FUCHS GROUP Financial Results Q1 2024 | Q&A
Slide 18: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man