Andritz Ag · VIE:ANDR
Andritz — Investor Day (September 2021)
30 slides from Andritz's investor day presentation, Sep 15, 2021
Slide 1: Capital Market Day ANDRITZ
CAPITAL MARKET DAY ANDRITZ DOMENICO IACOVELLI │ VIENNA │ SEPTEMBER 15, 2021
Slide 2: Agenda
CAPITAL MARKET DAY ANDRITZ AGENDA 1 SCHULER AT A GLANCE 2 TECHNOLOGIES & PRODUCTS 3 MARKET ENVIRONMENT 4 CORE STRATEGY 5 STATUS OF RESTRUCTURING 6 OUTLOOK 2021 CAPITAL MARKET DAY ANDRITZ - 15.09.2021 2
Slide 3: Schuler at a Glance
SCHULER AT A GLANCE CAPITAL MARKET DAY ANDRITZ - 15.09.2021 3
Slide 4: Schuler at a Glance: Facts and Figures
SCHULER AT A GLANCE FACTS AND FIGURES ▪ Founded 1839 in Göppingen, Germany ▪ Products: Presses, automation and software solutions, dies, process know-how, and services for the entire metalforming industry ▪ Provider of first-rate technology and innovative system solutions for the digital transformat
Slide 5: Sites Worldwide
SITES WORLDWIDE China USA Germany Beijing, Jinan Canton, MI Poland Great Britain Kędzierzyn-Koźle China Walsall Thailand Dalian USA Slovakia Hastings, MI 32% Dubnica nad Váhom Bangkok France Strasbourg Spain Barcelona China Russia Yangzhou Switzerland Togliatti Gettnau Italy USA Turin, Suello Fremon
Slide 6: Technologies & Products
TECHNOLOGIES & PRODUCTS CAPITAL MARKET DAY ANDRITZ - 15.09.2021 6
Slide 7: Machines and Technologies: Customer Centric Innovation and Sustainability
MACHINES AND TECHNOLOGIES CUSTOMER CENTRIC INNOVATION AND SUSTAINABILITY Transfer Press Hot Stamping Press Mechanical Press C-Frame Press Transfer Press CAPITAL MARKET DAY ANDRITZ - 15.09.2021 ©Schuler AG 7
Slide 8: Machines and Technologies: Proof of Concept at Smart Press Shop Halle
MACHINES AND TECHNOLOGIES PROOF OF CONCEPT AT SMART PRESS SHOP | HALLE (SAALE) Press Line Laser Blanking Line Tryout Press Digital Suite Solutions • Visual Die Protection • Monitoring Solutions • DigiSim • • • https://digitalsuite. Track and Trace Analytic Solutions Schuler Connect schulergroup.com/
Slide 9: The Digital Suite Consolidates All Digital Products
THE “DIGITAL SUITE” CONSOLIDATES ALL DIGITAL PRODUCTS ▪ Schuler is taking the digital transformation of metalforming technology to the next level and pooling its entire portfolio of digital products under the new umbrella brand “Digital Suite” with immediate effect ▪ All Digital Suite solutions offe
Slide 10: Market Environment
MARKET ENVIRONMENT CAPITAL MARKET DAY ANDRITZ - 15.09.2021 10
Slide 11: Car Market Strongly Impacted by COVID-19 in 2020
CAR MARKET STRONGLY IMPACTED BY COVID-19 IN 2020 RECOVERY IN 2021, BUT PRE-CRISIS LEVEL STILL NOT REACHED ▪ The global automotive industry was hit hard by the COVID- 19 pandemic in 2020. ▪ In the second half of the year, demand for cars in China grew strongly again. ▪ In total, car sales fell by 15%
Slide 12: Global Market for Mechanical and Hydraulic Presses
GLOBAL MARKET FOR MECHANICAL AND HYDRAULIC PRESSES TOP 10 COMPANIES DOMINATE THE MARKET ▪ The press market declined by 20% in 2020 11.6% (10.4) ▪ The COVID-19 pandemic, global recession and restrained 7.9% investment in the automotive industry all contributed to this (7.4) ▪ The top 10 companies dom
Slide 13: 2021: Global Demand for Light Vehicles
2021: GLOBAL DEMAND FOR LIGHT VEHICLES RECOVERY in mil. Units STILL LOOKS DURABLE June Update 2021 North America Europe* China +15% +12% World -16% -21% +12% +8% +4% +8% -4% +13% 20,3 19,6 20,3 20,5 18,2 20,3 28,4 17,0 16,3 25,5 24,4 26,4 -13% +7% 2019 2020 2021e 2022e 2019 2020 2021e 2022e 2019 202
Slide 14: Outlook 2030: Global Battery Electric Vehicle Sales
OUTLOOK 2030: GLOBAL BATTERY ELECTRIC VEHICLE (BEV) SALES DEMAND in mil. BEV – STRONG INCREASE IN ALL MARKETS June Update 2021 USA Europe* China CAGR +18,0% CAGR +15% CAGR +15% +44% +43% +23% +43% +29% +72% 4,1 9,4 10,6 1,3 2,9 3,6 3,1 4,0 0,5 0,9 2,0 2,2 2021e 2022e 2023e 2030e 2021e 2022e 2023e 20
Slide 15: Summary: Development of Global BEV Sales
SUMMARY: DEVLEOPMENT OF GLOBAL BATTERY ELECTRIC VEHICLE (BEV) SALES ▪ Demand for battery electric vehicles is growing strongly ▪ Worldwide demand for electric vehicles will increase by an average of 15% until 2030 (CAGR). ▪ The strong growth is mainly due to the numerous subsidy programs and the eff
Slide 16: Core Strategy
CORE STRATEGY CAPITAL MARKET DAY ANDRITZ - 15.09.2021 16
Slide 17: CORE: How We Aim to Lead Schuler to New Strength
CORE │ HOW WE AIM TO LEAD SCHULER TO NEW STRENGTH FOCUS ON SCHULER’S CORE BUSINESS + OPPORTUNITIES IN E-MOBILITY ▪ Build top-quality presses (performance, quality,…) ▪ State-of-the-art in innovation and technology ▪ Product development strictly aligned with customer and market needs ▪ Development of
Slide 18: Achievements Based on CORE
JUST TO NAME SOME ACHIEVEMENTS BASED ON CORE… Attractive product portfolio, e.g. high Improved standardization, … pool demand for strong line reduced project deviations strengths Visual Die Protection offers Digitization in the press customers attractive possibilities … accelerate shop via Digital S
Slide 19: Battery Production Capacity Is Surging Around the World
DRIVEN BY THE E-MOBILITY BREAKTHROUGH, BATTERY PRODUCTION CAPACITY IS SURGING AROUND THE WORLD 2,158 103 BATTERY CELL PRODUCTION CAPACITY, GWH P.A. 209 1,732 101 209 1.037 990 591 56 58 810 (38%) 64 410 432 67 (25%) 2 (3%) (11%) 2016 2020 2025e 2030e Europe China US RoW Source: McKinsey battery supp
Slide 20: CORE: Growth Opportunities in E-Mobility
CORE │ HOW WE AIM TO LEAD SCHULER TO NEW STRENGTH GROWTH OPPORTUNITIES IN E-MOBILITY ELECTRIC MOTORS BATTERIES Source: Audi Mediacenter Source: Porsche Evaluating growth opportunities through horizontal and vertical integration CAPITAL MARKET DAY ANDRITZ - 15.09.2021 20
Slide 21: Status of Restructuring
STATUS OF RESTRUCTURING CAPITAL MARKET DAY ANDRITZ - 15.09.2021 21
Slide 22: Restructuring Programs Taking Effect
STATUS OF RESTRUCTURING RESTRUCTURING PROGRAMS TAKING EFFECT ▪ With our Future Concept and the sale of the Body Panel business unit, Schuler already introduced initial measures to secure our future in 2019. ▪ Due to the sustained change in supply and demand structures – strengthened by corona – thes
Slide 23: Headcount Development of Schuler Group Worldwide 2018-2021
HEADCOUNT DEVELOPMENT OF SCHULER GROUP WORLDWIDE 2018-2021 PERSONNEL MEASURES Downsizing Germany ∑ 2018-2021: -1,225 HC Downsizing abroad ∑ 2018-2021: -175 HC 6,200 -1,400 240 5,900 60 -300 540 160 5,200 45 -700 445 4,800 -400 ACT 2018 ACT 2019 ACT 2020 2021e CAPITAL MARKET DAY ANDRITZ - 15.09.2021
Slide 24: Sales and Gross Expenses 2021 Compared to 2019
SALES AND GROSS EXPENSES 2021 COMPARED TO 2019 ▪ Sales reduced by 21% ▪ Gross Expenses reduced by 25% ▪ Profitabilty (w/o NOI) despite lower sales increased by 285% ▪ Break-even point reduced by more than 200 Mill. € Basis for profitable growth in the future CAPITAL MARKET DAY ANDRITZ - 15.09.2021 2
Slide 25: Outlook 2021
OUTLOOK 2021 CAPITAL MARKET DAY ANDRITZ - 15.09.2021 25
Slide 26: Setting the Course for Stability
SETTING THE COURSE FOR STABILITY WE HAVE ALREADY ACHIEVED A LOT ▪ With our CORE strategy, the Fit for Growth structural program, and the Future Concept, we have laid the foundations for a stronger alignment of our product portfolio with market needs, a faster time-to-market for innovations, and a si
Slide 27: Situation Only Stable as of 2022/23
SITUATION ONLY STABLE AS OF 2022/23 FUTURE BUSINESS VOLUME IN 2021 STILL BELOW PRE-CORONA LEVEL ▪ Fiscal year 2021 will continue to be challenging; decisive action with regard to costs is essential to secure the company’s future. ▪ Implementation of adopted restructuring measures are major focus of
Slide 28: New Roadmap 2022-2024
NEW ROADMAP 2022 - 2024 IMPROVE PROFITABILITY AND GROW BUSINESS VOLUME ▪ Return to former business volume and profitability ▪ More competitive after restructuring ▪ Benefit from e-mobility -> increase share up to 50% ▪ Growing service to over 25% ▪ Expand non-automotive products ▪ Revenue growing to
Slide 29: Legal Disclaimer
LEGAL DISCLAIMER © ANDRITZ AG 2021 This presentation contains valuable, proprietary property belonging to ANDRITZ AG or its affiliates (“the ANDRITZ GROUP”), and no licenses or other intellectual property rights are granted herein, nor shall the contents of this presentation form part of any sales c
Slide 30: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION CAPITAL MARKET DAY ANDRITZ - 15.09.2021 30