Sulzer Ag · SIX:SUN
Sulzer — Q1 2021 Earnings Presentation
10 slides from Sulzer's earnings presentation, Apr 29, 2021
Slide 1: Q1 2021 order intake
Q1 2021 order intake Greg Poux-Guillaume, CEO | Jill Lee, CFO | April 29, 2021
Slide 2: The safe harbor statement under the US private securities litigation reform act 1995
The safe harbor statement under the US private securities litigation reform act 1995 This presentation may contain forward-looking statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and
Slide 3: Q1 2021 highlights
Q1 2021 highlights Orders: Q1 above expectations at 874m • Sequentially +9.2% (+7.1% org.1) vs. Q4 ’20 (trough in Q3 ‘20) • YoY –9.6% (–12.1% organic) vs. record (highest in 5 years!) Q1 2020 • March highest order month in over a year • Pumps: +2.0% org. QoQ, Water largest segment (40% of orders) •
Slide 4: Pumps Equipment
Pumps Equipment Water largest segment with 40% of division orders Order intake (in CHF millions) Highlights Q1 21 Q1 20 YOY adj.1 org.2 • Orders +2.0% org. QoQ4 (+8.2% incl. Nordic Water) in 302 382 –21.0% –19.2% –23.4% line with expectations. Acceleration expected in H2 • Order mix: Water 40%, Indu
Slide 5: Rotating Equipment Services
Rotating Equipment Services Pick up in H1 to accelerate in H2 Order intake (in CHF millions) Highlights Q1 21 Q1 20 YOY adj.1 org.2 • Orders up 10.4% org. QoQ4 despite continued customer 275 332 –17.0% –13.4% –13.4% site access restrictions and winter storm Uri in the US • H1 expected above H2 ‘20 o
Slide 6: Chemtech
Chemtech Renewable Technologies and China driving growth Order intake (in CHF millions) Highlights Q1 21 Q1 20 YOY adj.1 org.2 • Orders up 7.0% org. QoQ4 173 166 4.1% 6.5% 6.5% • Renewables (biopolymers) strong start to year • APAC significantly up YoY and QoQ on sustained China investments in petro
Slide 7: Applicator Systems
Applicator Systems Orders already above pre-pandemic level Order intake (in CHF millions) Highlights Q1 21 Q1 20 YOY adj.1 org.2 • Orders up 12.6% org. QoQ4, up in all segments 124 114 8.4% 9.9% 1.7% • YoY orders up driven by strong Industry (adhesives) on buoyant electronics market; Beauty still 9%
Slide 8: Takeaways
Takeaways • Q1 orders solid, above FY21 guidance assumptions • QoQ (sequential) organic growth in all 4 divisions, particularly APS • YoY comparison unfavorable on high base and impact of pandemic, but recovery underway since trough in Q3 ‘20 • Pumps largest segment is now Water. Energy focus remain
Slide 9: Q&A Q1 2021 order intake
Q&A Q1 2021 order intake
Slide 10: Your Investor Relations contact
Your Investor Relations contact Christoph Ladner Head of Investor Relations Sulzer Management Ltd Phone: +41 52 262 30 22 Neuwiesenstrasse 15 Mobile: +41 79 326 69 70 8401 Winterthur E-mail: christoph.ladner@sulzer.com Switzerland www.sulzer.com