Slide 1: Key Financials for the H1 2020
COMING UP… Key Financials for the H1 2020 Thursday, August 13, 2020 at 10:00 a.m. (CEST) presented by Dr Thomas Kneip, Member of the Board
Slide 2: CENTROTEC SE H1 results 2020
CENTROTEC SE H1 results 2020 13.08.2020
Slide 3: Agenda
AGENDA § Market Overview & Key Financials § Operational Highlights § Outlook
Slide 4: Market Development: Market Impact of Corona Pandemia
German heating market demonstrates stable growth in the first half of the year, but growth slowed down in the second half MARKET DEVELOPMENT Quarterly market growth rate of oil and gas heat generating units in Germany Market Impact of [in percent compared to same quarter of previous year] Corona Pan
Slide 5: Sales growth in all segments; Corona crisis with limited and regional impact
Sales growth in all segments; Corona crisis with a limited and regional impact until now REVENUE DEVELOPMENT by Segment Drivers of Revenue Development in EUR million + Continued groupwide growth in Germany and NL 7.6%* 322.3 + Climate Systems with positive development in the 299.7 27.2 heat pump, do
Slide 6: Strong revenue growth in Climate Systems drives groupwide earnings growth
Strong revenue growth in Climate Systems segment drives groupwide earnings growth in the first six month of 2020 EBIT DEVELOPMENT by Segment Drivers of EBIT Development [in EUR million] 16.8 Climate Systems 0.9 -28% + Scale effects from sales growth + Successful implementation of profitability impro
Slide 7: EAT of first six months burdened by negative financial result
EAT of the first six months burdened by negative financial result of the first quarter EAT TRANSITION H1 2019 VS. H1 2020 [in EUR million] Comments EAT H1 2019 6.9 Δ EBITDA 10.4 • Depreciations higher than last years due to high Δ Depreciation 1.8 investment levels (various production buildings upgr
Slide 8: Total return of CENTROTEC financial investments fund
Impact of corona crisis after positive development during the last year TOTAL RETURN OF CENTROTEC FINANCIAL INVESTMENTS FUND 108 August 12, 2020 Withdrawal of 106 31.12.19 3 Mio. EUR 104 Impact of Withdrawal of 102 Corona 14 Mio. EUR Crisis 100 Withdrawal of Withdrawal of Withdrawal of 98 5 Mio. EUR
Slide 9: Overall stable key balance sheet ratios; positive operating cash flow trend
Overall stable key balance sheet ratios; positive operating cash flow trend KEY BALANCE SHEET AND CASH FLOW RATIOS Net Financial Position / Equity Equity Ratio 0.05 0.01 [percent] 48.5 44.4 43.9 -0.03 41.7 42.2 -0.04 39.3 40.5 39.9 39.1 39.0 38.8 36.1 37.1 -0.09 -0.14 -0.16 -0.23 -0.28 -0.29 -0.32 -
Slide 10: Investments by segment
Key Investments temporarily under observation due to actual general economic situation INVESTMENTS BY SEGMENT Investments (excl. M&A) Key Investments [in EUR] -5% Climate Systems: 23.3 22.0 • Upgrade of two production halls at Wolf in Mainburg Med. Tech. & 3.0 1.5 • IT infrastructure investments Eng
Slide 11: Agenda
AGENDA § Market Overview & Key Financials § Operational Highlights § Outlook
Slide 12: New heat pump line has had an extraordinary good start
The new Heat Pump line has had an extraordinary good start – and new products have been lined up NEW PRODUCTS CHA-MONOBLOCK HEAT PUMP TGB-2 MULTI AIR SUPPLY 12
Slide 13: The new CENTROTEC factory in Jiaxing has been almost completed
The new CENTROTEC factory in Jiaxing has been almost completed JIAXING FACTORY 13
Slide 14: The Corona crisis has had less impact than expected until now
The Corona crisis has had less impact than expected until now IMPLICATIONS OF CORONA PANDEMIA Q1 Q2 H2 - insights 2021 - expectations •Hardly any impact •Almost complete •Renovation business •Building activities, until Mid March, shut-down of will remain on stable especially in except China markets
Slide 15: Implications of Corona pandemia on CENTROTEC outlook
Some of the risks from Corona have been mitigated, while others still prevail IMPLICATIONS OF CORONA PANDEMIA ON CENTROTEC OUTLOOK Key components have been UPDATE Interruption of Supply stocked up; currently no Chain immediate risk Trend Indicator Demand has not really recovered well in FR, ES, IT,
Slide 16: Agenda
AGENDA § Market Overview & Key Financials § Operational Highlights § Outlook
Slide 17: Outlook: guidance seems well reachable
Corona impact for the rest of the year remains difficult to predict. However, guidance seems well reachable by now OUTLOOK Revenue [in million EUR] 651.0 670 to 690 Current Assessment Med. Tech. & 54.0 Eng. Plastics 139.6 + Strong H1 provides some buffer Gas Flue Systems for potentially weaker devel
Slide 18: Financial calendar 2020
The Annual Shareholders‘ Meeting will be held online FINANCIAL CALENDAR 2020 August 13 Publication of Q2/2020 / Half year November 13 Publication of Q3/2020 November 16 - 18 Deutsches Eigenkapitalforum 2020 cancelled 18
Slide 19: Thank you!
Thank you! This presentation contains forward-looking statements based on current expectations, assumptions and forecasts of the executive board and on currently available information. Various known and unknown risks, unpredictable developments, changes in the economic and political environment and