Ascom Holding Ag · SIX:ASCN
Ascom — Investor Presentation (March 2021)
21 slides from Ascom's investor presentation, March 2021
Slide 1: Ascom Investor Presentation
Ascom Investor Presentation March 2021 ASCOM INVESTOR PRESENTATION | MARCH | ©2021 ASCOM 1
Slide 2: Full-Year 2020 at a Glance
Full-Year 2020 at a Glance Solid results in line with the communicated targets – returning to profitable growth Communicated targets achieved despite worldwide Covid-19 pandemic and economic crisis 3.6% net revenue growth (at constant currencies) Significant improvement in profitability with EBITDA
Slide 3: Results in line for most regions despite Covid-19 pandemic
Results in line for most regions despite Covid-19 pandemic Highlights Lowlights Covid-19 pandemic hit in particular the French Double-digit revenue growth (at constant market hard – considerable impact on French currencies) in Nordics, UK and Rest of World business Solid revenue growth (at constant
Slide 4: Healthcare sector with considerable revenue growth
Healthcare sector with considerable revenue growth Healthcare sector grew 9.1% and is accounting for 67% of total net revenue in 2020 Healthcare Enterprise Enterprise sector was suffering above-average from Covid-19 pandemic OEM OEM business stabilized in the second half-year 2020 Focusing o
Slide 5: Selection of Substantial Wins in 2020
Selection of Substantial Wins in 2020 Distribution NHS Wales Partner (UK) Germany (development of (workflow critical care solutions for University information enterprise Distribution sector) Hospital system) Partner UK Turku (FIN) (shipment of (range of Renowned Myco devices) solutions for South- Re
Slide 6: New Focus on Sustainable Corporate Development
New Focus on Sustainable Corporate Development Reworked Sustainability Directive with clear objectives Signatory of UN Global Compact since 2010 Ascom Sustainability Report 2020 Extract Environment Reporting Strong ESG position confirmed by EcoVadis with Gold status in their sustainability repor
Slide 7: Ascom Business Performance
Ascom Business Performance Full-Year 2020 ASCOM INVESTOR PRESENTATION | MARCH | ©2021 ASCOM 7
Slide 8: FY 2020 Results Summary
FY 2020 Results Summary (at actual currencies) Variance to PY 2020 2019 cc CHF Net revenue 281.0 CHFm 282.9 CHFm +3.6% -0.7% Incoming orders 322.4 CHFm 315.5 CHFm +6.6% +2.2% Order backlog 215.6 CHFm 177.5 CHFm +24.1% +21.5% 24.9 CHFm 0.8 CHFm EBITDA (EBITDA margin of 0.3%) +24.6 CHFm +24.1 CHFm (EB
Slide 9: Incoming Orders Increased by 6.6% (at constant currencies)
Incoming Orders Increased by 6.6% (at constant currencies) In CHFm USA & Major Regions Canada Europe 58.4m 214.4m %-CHF: +7.2% %-CHF: +5.1% %-cc: +13.4% %-cc: +9.3% Rest of OEM World* 18.2m 45.4m %-CHF: %-CHF: -11.1% -9.6% %-cc: -8.1% %-cc: -5.6% Note: All values as reported = actual currencies, whe
Slide 10: Revenue growth of 3.6% (at constant currencies)
Revenue growth of 3.6% (at constant currencies) In CHFm Total variance: CHF -1.9m (-0.7%) 293,1 10,2 -12,1 282,9 281,0 Revenue Revenue Growth Revenue 2020 at Currency Effect Revenue 2019 constant currencies 2020 +3.6% -4.1% Note: All values as reported = actual currencies ASCOM INVESTOR PRESENTATION
Slide 11: Revenue FY 2020 – Regional Development (I)
Revenue FY 2020 – Regional Development (I) Deviations at actual currencies (%-CHF) and at constant currencies (%-cc) Revenue Variance to PY Region Comment CHFm %-cc %-CHF Reduced revenue due to lower mobility sales in DACH 46.6 -6.8% -8.8% Enterprise sector heavily influenced by Covid-19 France &
Slide 12: Revenue FY 2020 – Regional Development (II)
Revenue FY 2020 – Regional Development (II) Deviations at actual currencies (%-CHF) and at constant currencies (%-cc) Revenue Variance to PY Region Comment CHFm %-cc %-CHF Strong growth by key deals in Acute Care / Long- UK 14.5 +15.2% +9.8% Term Care USA & Strong performances in healthcare driv
Slide 13: Slight Increase of Recurring Revenue
Slight Increase of Recurring Revenue Deviations at actual currencies (%-CHF) and at constant currencies (%-cc) Revenue Variance to PY Comment CHFm %-cc %-CHF Revenue Type Recurring 69.1 +4.6% +0.3% Growth driven by RoW and Nordics Increase in project delivery drove the non-recurring Non-recurrin
Slide 14: FY 2020 P&L
FY 2020 P&L Comment In CHFm 2020 % 2019 % Variance Variance %-cc %-CHF Cost of Sales – decrease driven by a mix of improved profitability Net Revenue 281.0 100.0% 282.9 100.0% 3.6% (0.7%) in the service organization and Cost of Sales (147.7) (52.6%) (159.2) (56.3%) (3.0%) (7.2%) Covid-19 savings m
Slide 15: EBITDA Bridge
EBITDA Bridge In CHFm -5.8 8.0 25.4 24.9 -0.5 8.1 12.5 CHFm increase, of which 8.1 CHFm related to efficiencies 4.4 9.9 0.8 EBITDA at Negative one- Revenue and Cost Reduction Lower Bonus EBITDA at Currency Effects EBITDA at 31.12.2019 offs in 2019 Productivity accrual in 2019 31.12.2020 31.12.2020 R
Slide 16: Cash Flow Development
Cash Flow Development In CHFm -10.0 -21.1 45.1 31.8 0.0 -0.4 18.2 Cash and Cash Cash from CAPEX Borrowing Dividends Other Cash Flows Cash and Cash Equivalents at Operating Activities Repayments Equivalents at 31.12.2019 31.12.2020 Note: All values in CHFm at actual currencies ASCOM INVESTOR PRESENTA
Slide 17: Balance Sheet
Balance Sheet In CHFm Comment 2020 2020 2019 2019 31 Dec 30 June 31 Dec 30 June Improved Cash position thanks Cash & Cash Equivalents 31.8 29.2 18.2 14.2 to better Net Working Capital management Borrowings 19.0 28.0 40.0 25.0 Repayment of Borrowings, together with improvement in Net Cash / (Net
Slide 18: Guidance & Outlook
Guidance & Outlook ASCOM INVESTOR PRESENTATION | MARCH | ©2021 ASCOM 18
Slide 19: Outlook 2021
Outlook 2021 2021 will be another difficult year with a lot of uncertainties due to the Covid-19 pandemic, including a possible shortage of components Ascom concentrates on further developing its product and service portfolio to exploit the market potential The optimization and further improve
Slide 20: Guidance 2021
Guidance 2021 Ascom targets for 2021 a low single digit revenue growth and strives to achieve a double-digit EBITDA margin*. *at constant currencies and given a stable economic development ASCOM INVESTOR PRESENTATION | MARCH | ©2021 ASCOM 20
Slide 21: Legal Disclaimer
LEGAL DISCLAIMER This document contains specific forward-looking statements, e.g. statements including terms like “believe”, “expect” or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial dive