Georg Fischer Ag · SIX:GF

Georg Fischer — H1 2022 Earnings Presentation

27 slides from Georg Fischer's earnings presentation, Jul 20, 2022

Slide 2: Creating sustainable value
GF Corporation Creating sustainable value  Sales rose 7.4% to CHF 1'971 million, corresponding to an organic growth of 11.1%  Operating result increased 27% to CHF 179 million, with a significant increase of the EBIT margin to 9.1% Water Treatment Facility Lightweight in Mobility Medical Device Pr
Slide 3: Strong sales growth as a result of solid market positions
GF Corporation Strong sales growth as a result of solid market positions (Sales in CHF million) H1 2021 Organic +11.1% +14.0% H1 2022 1′971 1′094 1′835 983 +5.4% +10.7% 459 449 431 393 GF Corporation GF Piping Systems GF Casting Solutions GF Machining Solutions © GF 2021 3 Schaffhausen, 20 July 2022
Slide 4: Profitability further increased – clear step towards strategy targets 2025
GF Corporation Profitability further increased – clear step towards strategy targets 2025 (EBIT margin in %) 14.4 Strategic objectives 2025 H1 2021 H1 2022 13~15% 9~11% 13.0 9.1 7.7 9~11% 8~10% 4.0 3.2 2.8 2.3 GF Corporation GF Piping Systems GF Casting Solutions GF Machining Solutions © GF 2021 4 S
Slide 5: Significant reduction of CO2e emissions in all three divisions
GF Corporation Significant reduction of CO2e emissions in all three divisions Sales with social or CO2e emissions % of newly appointed environmental benefits Scope 1 and 2, 1'000 t women managers % of total sales 2025 target: 25% 80 180 165 70% 154 26% 70 160 60 58% 60% 140 120 116 50 100 40 80 30 6
Slide 6: Very successful H1 with strong presence in growth markets
GF Piping Systems Very successful H1 with strong presence in growth markets  Sales of CHF 1'094 million, organically +14%  Operating result at CHF 158 million (EBIT margin of 14.4%)  Record organic growth in North and South America (+26%)  Global industries such as microelectronics and data cent
Slide 7: Flow solutions address sustainability needs in major market segments
GF Piping Systems Flow solutions address sustainability needs in major market segments +24% +19% +12% Microelectronics and Data Center Water treatment Water distribution © GF 2021 7 Schaffhausen, 20 July 2022 | Mid-Year Report 2022
Slide 8: Solid performance in challenging times
GF Casting Solutions Solid performance in challenging times  Sales of CHF 449 million, organically +5%  Operating result at CHF 14 million (EBIT margin of 3.2%)  Global car production affected by Ukraine war, supply shortages and COVID-19 lockdowns in China Partnership with Bocar Group  E-vehicl
Slide 9: E-mobility as future growth driver
GF Casting Solutions E-mobility as future growth driver EV sales consolidated globally EV sales GF growth Lifetime order intake H1 2022 (HPDC) In million units EV share (HPDC – High Pressure Die Casting) PHEV BEV +18% EV Non-EV 12% 20% % of total car sales 22% 19.6 20 3.8 385 CHF 9.4 million 10 2.4
Slide 10: Good performance despite headwinds
GF Machining Solutions Good performance despite headwinds  Order intake of CHF 478 million, book-to-bill ratio of 1.1  Sales of CHF 431 million, organically +11%  Operating result at CHF 17 million (EBIT margin of 4.0%)  Headwinds caused by logistic and supply chain disruption as well as a still
Slide 11: Innovation and service as key growth drivers in major market segments
GF Machining Solutions Innovation and service as key growth drivers in major market segments MILL P 500 U LASER P 600 U CUT X 350 DMP Flex 350 +24% +1% +11% +2% Medical ICT Automotive and e-mobility Aerospace © GF 2021 11 Schaffhausen, 20 July 2022 | Mid-Year Report 2022
Slide 12: Consolidated financial statements
Consolidated financial statements Mads Joergensen, CFO © GF 2021 12 Schaffhausen, 20 July 2022 | Mid-Year Report 2022
Slide 13: Order intake per division
GF Corporation Order intake per division (CHF million) H1 2022 H1 2021 ∆% 1) growth organic growth GF Piping Systems 1'246 1'115 11.7% 14.0% GF Casting Solutions 488 462 5.6% 15.4% GF Machining Solutions 478 471 1.5% 2.5% GF Corporation 2’209 2’048 7.9% 11.6% 1) Adjusted for changes in scope of cons
Slide 14: Sales per division
GF Corporation Sales per division (CHF million) H1 2022 H1 2021 ∆% 1) 2) growth organic growth GF Piping Systems 1’094 983 11.3% 14.0% GF Casting Solutions 449 459 -2.3% 5.4% GF Machining Solutions 431 393 9.7% 10.7% GF Corporation 1’971 1’835 7.4% 11.1% 1) Adjusted for changes in scope of consolida
Slide 15: Sales development
GF Corporation Sales development (CHF million) 1′971 +11.1% 202 1′835 +0.3% 6 -2.8% -21 1′814 -51 H1 2021 Divestment H1 2021 adj. Acquisitions Currencies Organic growth H1 2022 © GF 2021 15 Schaffhausen, 20 July 2022 | Mid-Year Report 2022
Slide 16: Sales driven by growth in Americas and Europe
GF Corporation Sales driven by growth in Americas and Europe (CHF million) *Organic Americas (22%) Europe (45%) Asia (29%) +26% +5% 0% +22.8%* +11.7%* -2.4%* 437 878 565 565 348 834 H1 H1 2021 2022 H1 H1 Rest of world (4%) 2021 2022 H1 H1 +3% 2021 2022 +48.1%* 88 91 H1 H1 2021 2022 © GF 2021 16 Scha
Slide 17: EBIT and EBIT margin per division
GF Corporation EBIT and EBIT margin per division EBIT CHF million EBIT margin % H1 2022 H1 2021 H1 2022 H1 2021 GF Piping Systems 158 128 14.4% 13.0% GF Casting Solutions 14 13 3.2% 2.8% GF Machining Solutions 17 9 4.0% 2.3% GF Corporation 179 141 9.1% 7.7% © GF 2021 17 Schaffhausen, 20 July 2022 |
Slide 18: FX development June 2022
GF Corporation FX development June 2022 (CHF million) Per division: Sales EBIT Per currency: Average rates Sales EBIT H1 22 H1 21 ∆ GF Piping Systems -32 -22 EUR 1.032 1.095 -5.7% -51 -10 GF Casting Solutions -14 -1 USD 0.944 0.908 +4.0% +34 -6 GF Machining Solutions -5 +3 CNY 0.146 0.140 +3.8% +15
Slide 19: Income statement
GF Corporation Income statement (CHF million) H1 2022 H1 2021 ∆% Sales 1’971 1’835 7 Gross value added 765 705 9 Personnel expenses -525 -496 6 EBITDA 240 209 15 Depreciation, amortization -61 -68 -10 Operating result (EBIT) 179 141 27 Return on sales (EBIT margin) in % 9.1 7.7 Financial result -18
Slide 20: Assets and liabilities/equity
GF Corporation Assets and liabilities/equity (CHF million) 30 June 2022 % 31 December 2021 % Cash and cash equivalents 827 932 Trade accounts receivable 735 611 Inventories 864 776 Other current assets 141 140 Current assets 2’567 69 2’459 65 Property, plant, and equipment and investment properties
Slide 21: Free cash flow
GF Corporation Free cash flow (CHF million) H1 2022 H1 2021 EBITDA 240 209 Changes in net working capital -276 -135 Income taxes/interest paid -40 -34 Other changes 46 19 Cash flow from operating activities -30 59 Additions to property, plant, and equipment -68 -61 Cash flow from acquisitions -30 Ca
Slide 22: Key figures at a glance
GF Corporation Key figures at a glance H1 2022 H1 2021 Net debt in CHF million 52 206 Net debt/EBITDA (multiple) 0.12x 0.53x Equity ratio in % 41.8 39.4 ROIC in % GF Corporation 19.8 15.8 GF Piping Systems 35.6 31.6 GF Casting Solutions 5.7 4.4 GF Machining Solutions 16.0 6.6 Return on equity in % 1
Slide 24: Outlook 2022 – full year guidance confirmed
GF Corporation Outlook 2022 – full year guidance confirmed Sales and profit expected to make a further step towards strategy targets 2025  War in the Ukraine  Inflation and supply chain constraints  Order book remains strong  Leading position in growing key markets  Innovations with positive su
Slide 25: Capital Markets Day September 2022 in Schaffhausen (Switzerland)
Capital Markets Day 27 September 2022 in Schaffhausen (Switzerland) © GF 2021 25 Schaffhausen, 20 July 2022 | Mid-Year Report 2022
Slide 27: Disclaimer
Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for, purchase or sell any investment. Neither it nor anything it contains shall form the basis of any contract whatsoever. Opinions expressed herein reflect the

Georg Fischer — H1 2022 Earnings Presentation on 6ix

Georg Fischer — H1 2022 Earnings Presentation

Slide 1: Mid-Year Report 2022

Slide 2: Creating sustainable value

Slide 3: Strong sales growth as a result of solid market positions

Slide 4: Profitability further increased – clear step towards strategy targets 2025

Slide 5: Significant reduction of CO2e emissions in all three divisions

Slide 6: Very successful H1 with strong presence in growth markets

Slide 7: Flow solutions address sustainability needs in major market segments

Slide 8: Solid performance in challenging times

Slide 9: E-mobility as future growth driver

Slide 10: Good performance despite headwinds

Slide 11: Innovation and service as key growth drivers in major market segments

Slide 12: Consolidated financial statements

Slide 13: Order intake per division

Slide 14: Sales per division

Slide 15: Sales development

Slide 16: Sales driven by growth in Americas and Europe

Slide 17: EBIT and EBIT margin per division

Slide 18: FX development June 2022

Slide 19: Income statement

Slide 20: Assets and liabilities/equity

Slide 21: Free cash flow

Slide 22: Key figures at a glance

Slide 23: Outlook

Slide 24: Outlook 2022 – full year guidance confirmed

Slide 25: Capital Markets Day September 2022 in Schaffhausen (Switzerland)

Slide 26: Thank you

Slide 27: Disclaimer