Slide 1: Q1 2022 Results Presentation
Q1 2022 Results Presentation
Slide 2: Disclaimer
DISCLAIMER This report contains forward-looking statements. These statements are based on current experience, estimates and projections of the Management Board and the information available at the time this financial report was prepared. They are not guarantees of future performance and results and
Slide 3: Agenda
Agenda • Q1 2022 Highlights • Financial Review • Outlook & Closing Remarks • Q&A • Appendix 3
Slide 4: Q1 2022 Highlights
Q1 2022 Highlights 4
Slide 5: First-quarter 2022 performance in line with trends outlined at full-year 2021 results
FIRST-QUARTER 2022 PERFORMANCE IN LINE WITH TRENDS OUTLINED AT FULL-YEAR 2021 RESULTS Macroeconomic Challenging New and existing Full-year 2022 and disruptions start to 2022 customer contract mid-term guidance persisting as anticipated wins reconfirmed 5
Slide 6: New customer wins in 2021; start of production remain unchanged
NEW CUSTOMER WINS IN 2021; START OF PRODUCTION REMAIN UNCHANGED Application IPO Secured SOP Estimated Full Revenue • Five new clients secured in 2021, bolstering Pipeline in Ramp Up potential future e-Mobility revenue base in 2022 and beyond Mountain 2021 H1 2022 2023 €€€ • New wins provide a sign
Slide 7: Continued expansion of customer base in 2022 with two new e-bike customers
CONTINUED EXPANSION OF CUSTOMER BASE IN 2022 WITH TWO NEW E- BIKE CUSTOMERS New customer contract wins Application Category Product SOP Estimated Full Revenue • Addition of French customer in Q1 2022 further Ramp Up potential solidifies our status as a leading European manufacturer of high-precision
Slide 8: Year-on-year growth despite challenging environment; full year 2022 guidance reconfirmed
YEAR-ON-YEAR GROWTH DESPITE CHALLENGING ENVIRONMENT; FULL YEAR 2022 GUIDANCE RECONFIRMED Group revenue in EUR million • Year-on-year growth, despite global disruptions in both 2020 and 2021, supported by: 250 • Strength of market positioning and product offering of mission-critical components, not o
Slide 9: Financial Review
Financial Review 9
Slide 10: Profitability reflects pass-through of higher input costs and lower volumes due to customer-led delays
PROFITABILITY REFLECTS THE PASS-THROUGH OF HIGHER INPUT COSTS AND LOWER VOLUMES DUE TO CUSTOMER-LED DELAYS In EUR million or % Q1 2022 Q1 2021 y-o-y Commentary Revenues in line with trends outlined at full-year results 2021; Revenue 34.0 36.6 -7.1% March showing clear signs of improvement Gross Prof
Slide 11: Outlook & Closing Remarks
Outlook & Closing Remarks 11
Slide 12: Four key factors underpinning our full year 2022 outlook
FOUR KEY FACTORS UNDERPINNING OUR FULL YEAR 2022 OUTLOOK 01. Order Book Strength and Visibility • Well-expanded and reliable customer base • Start of production unchanged and on track for 2022 • Project pipeline offering prospects for further customer acquisitions 02. Installed Capacity • Production
Slide 13: Full-year 2022 and mid-term guidance reconfirmed
FULL-YEAR 2022 AND MID-TERM GUIDANCE RECONFIRMED FY 2022 Guidance High Single-Digit Group Revenue Growth Group Revenue to EUR 250 million Mid-Term Targets e-Mobility Revenue to EUR 150 million ¹ Base year 2020 13
Slide 14: Q&A
Q&A = Z the heart of your WnGears | ster
Slide 15: Appendix
Appendix 15
Slide 16: Marginal decrease in LFL EBITDA margin versus first-quarter 2021
MARGINAL DECREASE IN LFL EBITDA MARGIN VERSUS FIRST-QUARTER 2021; GEARED TO DELIVER MARGIN ENHANCEMENT POST RAMP-UP Like-for-like¹ reconciliation of margins In EUR million or % Q1 2021 y-o-y Q1 2022 Inflation adj. Q1 2022 Volume/Mix adj. Q1 2022 LFL¹ Revenue 36.6 -7.1% 34.0 32.4 Gross Profit 21.6 -1