Orell Fussli Ag · SIX:OFN
Orell Fussli — FY2024 Earnings Presentation
31 slides from Orell Fussli's earnings presentation, Mar 14, 2025
Slide 1: Annual Results 2024 – Analyst & Media Conference
Annual AnnualResults Results2024 2024 Analyst & Media Conference (online) Analyst & Media Conference (online) Annual Results 2024 Analyst & Media Conference Zürich, 14 th March 2025 Zürich, Zürich, March 14th14 2025 th March 2025
Slide 2: Agenda
Analyst & Media Conference 14 March 2025 2 01 WELCOME Dr. Martin Folini, Chairman 02 FINANCIAL RESULTS 2024 Reto Janser, CFO 03 BUSINESS YEAR 2024 Daniel Link, CEO 04 STRATEGY & GUIDANCE 2025 Daniel Link, CEO 05 Q&A
Slide 3: Welcome
Welcome Dr. Martin Folini Chairman of the Board of Directors
Slide 4: We look back on a very successful business year 2024
Analyst & Media Conference 14 March 2025 4 «We look back on a very successful business year 2024.»
Slide 5: Key Achievements 2024
Analyst & Media Conference 14 March 2025 5 Key Achievements 2024 Increase in revenue by 8.7% EBIT margin improvement by 110 bps to 8.9 % Security Education Net profit increased by 19.6 % Technology leader for Market leader in Swiss book security documents and retail and largest private individualiza
Slide 6: Our Growth Strategy Unfolds
Analyst & Media Conference 14 March 2025 6 Our Growth Strategy Unfolds CHF 30 – 50m >300 new digital business 4 – 6% organic growth • Strategy implementation ahead of plan in second year • All divisions on a profitable growth path • Market positions further strengthened 253 • More diversified and le
Slide 7: Financial Results 2024
Financial Results 2024 Reto Janser CFO
Slide 8: Financial Key Figures Group 2024
Analyst & Media Conference 14 March 2025 8 Financial Key Figures Group 2024 CHF m 2024 2023 % • Revenue increase in all divisions, above expectations and Revenue 252.5 232.2 8.7% in third consecutive year • EBITDA further increased EBITDA 35.1 29.8 17.8% • EBIT increase mainly driven by revenue grow
Slide 9: EBIT Increase Driven by Revenue Growth
Analyst & Media Conference 14 March 2025 9 EBIT Increase Driven by Revenue Growth Revenue Margin / Mix Main driver of higher EBIT in • Good product mix in Security 2024 Printing and Industrial Systems • Growth of Digital Business with good margins OPEX / EMPEX Amortisation • Inflation • 7% above pre
Slide 10: Key Financial Figures Divisions 2024
Analyst & Media Conference 14 March 2025 10 Key Financial Figures Divisions 2024 CHF m 2024 2023 % Security printing • Revenue and EBIT for Security Printing division clearly above previous year Revenue 86.4 77.2 12% EBIT 12.9 10.6 22% Industrial systems (Zeiser) • Zeiser with high capacity utilizat
Slide 11: Financial Situation as of 31st December 2024
Analyst & Media Conference 14 March 2025 11 Financial Situation as of Total assets Equity financing ratio 31st December 2024 CHF 191 m 73.8% (CHF 179 m) (74.0 %) Solid balance sheet further strengthened Cash flow from Freely available Free Cash flow operating activities Cash CHF 28.2 m CHF 37.9 m CH
Slide 12: CO2 Footprint Further Reduced
Analyst & Media Conference 14 March 2025 12 CO2 Footprint Further Reduced CO2 Footprint CO2 total* CO2 / Revenue [CO2eq] - 11% [CO2eq/CHF] - 18% Achievements Targets set for Improved data Climate reporting material topics on energy accorting to TCFD consumption recommendations * Scope 1 + 2 New prin
Slide 13: Continuous Value Creation
Analyst & Media Conference 14 March 2025 13 Continuous Value Creation Revenue (in CHF m) Profitability 253 22.6 23 10 232 18.1 219 18 15.4 9 210 217 14.4 14.9 8.9 8 13 7.8 7 7.3 8 6.9 6 Yield on Share 6.6 3 5 5.70% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 5.20% EBIT in MCHF EBIT Margin 4.2%
Slide 14: Business Year 2024
Business Year 2024 Daniel Link CEO
Slide 15: The execution of our strategy was leading to growth, new customers
Analyst & Media Conference 14 March 2025 15 «The execution of our strategy was leading to growth, new customers and a notable increase in margin in 2024.» BRY: Variante Zeiser GmH
Slide 16: Delivering on Strategic Priorities
Analyst & Media Conference 14 March 2025 16 Delivering on Strategic Priorities Profitable Resistance Growth to Cycles Asset-light Technology new Business Leadership Strengthen the Brand
Slide 17: Security Printing – Two new Anchor Customers Acquired
Analyst & Media Conference 14 March 2025 17 Security Printing – Two new Anchor Customers Acquired 2024 Market Achievements Outlook 2025 Overview • Demand for banknotes worldwide • New anchor customers with multi- • Increase in revenue and continues to grow year contracts secured EBIT targeted • Stro
Slide 18: Solid Demand and Growth in Banknote Printing Market
SECURITY PRINTING Analyst & Media Conference 14 March 2025 18 Solid Demand and Growth in Number of Euro Banknotes in Circulation (bn) Banknote Printing Market 35 Covid 30 Number of banknotes in circulation is growing 25 Rise of Bitcoin Financial crisis 20 Avg. growth 4-6%, 15 10 Slower after pandemi
Slide 19: Zeiser – Good Order Backlog for 2025
Analyst & Media Conference 14 March 2025 19 Zeiser – Good Order Backlog for 2025 2024 Market Achievements Outlook 2025 Overview • Good market demand in all segments • Order entry for numbering boxes above • Business expected to grow in 2025 expectations • Cost-consciousness drives public • Sales con
Slide 20: Orell Füssli Thalia – Growing Business and new Bookstores
Analyst & Media Conference 14 March 2025 20 Orell Füssli Thalia – Growing Business and new Bookstores 2024 Market Achievements Outlook 2025 Overview • Weak consumer sentiment weighed • Growth thanks to expansion of branch • Further store openings and sales on the entire retail sector in portfolio an
Slide 21: Publishing Houses – Becoming a Major Player for Swiss Learning Media
Analyst & Media Conference 14 March 2025 21 Publishing Houses – Becoming a Major Player for Swiss Learning Media 2024 Market Achievements Outlook Overview • Market for learning and teaching • hep Verlag on growth path with • Further revenue and EBIT growth media continues to grow in increasing reven
Slide 22: Acquisition of Verlag SKV
PUBLISHING HOUSE Analyst & Media Conference 14 March 2025 22 Acquisition of Verlag SKV Next step on growth path for publishing houses Perfect strategic match, little overlap with existing products and customers Established and profitable publishing house with focus on commercial and business educati
Slide 23: Procivis – A leading Company for Decentralised Identity Software
Analyst & Media Conference 14 March 2025 23 Procivis – A leading Company for Decentralised Identity Software 2024 Market Achievements Outlook Overview • eIDAS 2.0 regulation in EU is leading • Successful global market launch of • Further increase in revenue and first to a highly dynamic market for P
Slide 24: Strategy & Guidance 2025
Strategy & Guidance 2025 Daniel Link CEO
Slide 25: Our Strategy 2028 – Leader for Analog and Digital Trust Services
Analyst & Media Conference 14 March 2025 25 Our Strategy 2028 – Leader for Analog and Digital Trust Services 1. Security 2. Education 3. Digital Credentials Banknotes Book trade Digital identities Numbering systems Learning media Digital credentials ID Documents Educational media Services Trusted Da
Slide 26: Our Financial Ambition by 2028
Analyst & Media Conference 14 March 2025 26 Our Financial Ambition by 2028 BRY: Variante Revenue EBIT Dividend by 2028 Margin payout of net profit Neues Foto mit Geld CHF 300m >8% 60 – 80%
Slide 27: Three Value Drivers for Profitable Growth
Analyst & Media Conference 14 March 2025 27 Three Value Drivers for Profitable Growth 01 02 03 Perform Create Invest Enhance core business with operational excellence, + Leveraging our current assets and know-how to create new + Buy and build new services & solutions, access to new efficiency gains,
Slide 28: Capital Markets Day 2025
Analyst & Media Conference 14 March 2025 28 Capital Markets Day 2025 Date Location 11th November 2025 Zürich, Hotel Widder • Midterm Update on Strategy 2028 • Deep Dives in Growth Topics
Slide 29: Positive Outlook for 2025
Analyst & Media Conference 14 March 2025 29 Positive Outlook for 2025 Revenue EBIT Dividend 2025 2025 Proposal FY24 Increase in Increase CHF 4.40 per communicated following share growth corridor higher revenue (PY: CHF 3.90)
Slide 30: Disclaimer
Analyst & Media Conference 14 March 2025 30 Disclaimer US PRIVATE SECURITIES LITIGATION REFORM ACT 1995 This presentation contains forward-looking statements, including but not limited to, projections of future performance of materials and products, which involve risks and uncertainties. These state
Slide 31: investors@orellfuessli.com
investors@orellfuessli.com Orell Füssli AG Dietzingerstrasse 3 8036 Zurich Switzerland orellfuessli.com