Slide 1: Publication of Results 1st HY / 2021
PUBLICATION OF RESULTS 1ST HY / 2021 Vienna, July 30, 2021 PALFINGER Presentation of Results 1st HY / 2021
Slide 2: Andreas Klauser, CEO
ANDREAS KLAUSER CEO 21-07-30 PALFINGER Presentation of Results 1st HY / 2021
Slide 3: 1st HY/2021 at a glance
1st HY/2021 at a glance BEST QUARTERLY REVENUE AND RESULTS IN PALFINGER’S HISTORY IN Q2 WORLDWIDE MARKET CONDITIONS REMAIN VERY POSITIVE IN MANY SEGMENTS 2021 1st half year RECORD YEAR ON TRACK STRESSED SUPPLY CHAIN AS LIMITING FACTOR 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 3
Slide 4: Global economic upswing drives positive development
Market Development GLOBAL ECONOMIC UPSWING DRIVES POSITIVE DEVELOPMENT Worldwide Economic Recovery: USA +6.7%, China +8.7%, EU +5.2% PALFINGER benefits from the positive overall environment, especially in the construction and timber industries PALFINGER wins order for 150 Truck Mounted Forklifts (TM
Slide 5: PALFINGER World Tour 2021: own digital format is a global success
PALFINGER WORLD TOUR 2021 OWN DIGITAL FORMAT IS A GLOBAL SUCCESS Continuation of interactive online event, the PALFINGER World Tour, connected customers and partners from all over the world Three regions in three days: MARINE, LATAM, NAM 8,700 views and over 11,100 registrations from more than 70 co
Slide 6: Sustainability is a core element of our strategy and daily activities
Corporate responsibility SUSTAINABILITY IS A CORE ELEMENT OF OUR STRATEGY AND OUR DAILY ACTIVITIES Sustainability Council established to secure implementation of ESG strategy Responsible Employer Eco-efficient Production Fair Business and Sustainable Products Governance 21-07-30 PALFINGER Presentati
Slide 7: PALFINGER globally well positioned
PALFINGER at a glance PALFINGER GLOBALLY WELL POSITIONED EUR > 1.75 billion targeted revenue in 2021 More than 11,600 employees 34 production sites & around 5,000 service centers worldwide Revenue split (1st HY 2021) 64% EMEA 20% NAM 4% LATAM 5% APAC 7% CIS 21-07-30 PALFINGER Presentation AG of Resu
Slide 8: Crisis-resistant thanks to industry diversity
Knowing our customers shapes our actions CRISIS-RESISTANT THANKS TO INDUSTRY DIVERSITY Construction Industry Railway Offshore Wind Aquaculture & Fishing Forestry & Agriculture Transport & Logistics Waste Mgmt. & Recycling Passenger Commercial Infrastructure Public Sector Offshore / Oil & Gas 21-07-3
Slide 9: Innovative and powerful product portfolio
Technology as Technology as aa driving driving force force INNOVATIVE AND POWERFUL PRODUCT PORTFOLIO LOADER TIMBER & HOOKLIFTS & TAIL TURNKEY MARINE OFFSHORE WINCHES CRANES RECYCLING SKIP LOADERS LIFTS SOLUTIONS CRANES CRANES BRIDGE RAILWAY WIND PASSENGER ACCESS TRUCK-MOUNTED DAVITS BOATS INSPECTION
Slide 10: PALFINGER invests in digitalization
PALFINGER Digitalization PALFINGER INVESTS IN DIGITALIZATION Smart Lifting Solutions IT Digital Backbone Digital end-to-end Autonomous Systems Processes Digital Customer Telematics Smart Services Business with Data Electrification StrucInspect 21-07-30 PALFINGER Presentation of Results 1st HY / 2021
Slide 11: Felix Strohbichler, CFO
FELIX STROHBICHLER CFO 21-07-30 PALFINGER Presentation of Results 1st HY / 2021
Slide 12: Segment Sales & Service
SEGMENT SALES & SERVICE 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 12
Slide 13: PALFINGER benefits from strong tailwind from the market
Segment Sales & Service PALFINGER BENEFITS FROM STRONG TAILWIND FROM THE MARKET 01 Record order intake in all regions, resulting in record order book level 02 Good product mix leads to profitability above record half year 2019 03 Price increases reflected in this segment Service business in Region M
Slide 14: Profitability at double-digit level
Segment Sales & Service PROFITABILITY AT DOUBLE-DIGIT LEVEL in EUR million 1st HY/2020 1st HY/2021 Δ% External revenue 683.0 823.9 +20.6% EBITDA 75.1 99.7 +32.8% EBIT 49.9 82.5 +65.3% EBIT margin 7.3% +10.0% – 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 14
Slide 15: Segment Operations
SEGMENT OPERATIONS 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 15
Slide 16: Production sites working at full capacity
Segment OPERATIONS PRODUCTION SITES WORKING AT FULL CAPACITY 01 SAP S/4 HANA implemented at 8 EMEA production sites for 1,200 users 02 Good economic situation leads to improved revenue from manufacturing for third parties 03 Production sites working at full capacity as a result of high order intake
Slide 17: Full capacity utilization leads to strong increase in profitability
Segment OPERATIONS FULL CAPACITY UTILIZATION LEADS TO STRONG INCREASE IN PROFITABILITY in EUR million 1st HY/2020 1st HY/2021 Δ% External revenue 46.8 60.2 +28.6% EBITDA 20.0 44.8 +124.0% EBIT 2.2 27.6 +1,154.5% 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 17
Slide 18: Unit Holding
UNIT HOLDING 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 18
Slide 19: Labor market conditions slow down investment in strategic initiatives
HOLDING unit LABOR MARKET CONDITIONS SLOW DOWN INVESTMENT IN STRATEGIC INITIATIVES in EUR million 1st HY/2020 1st HY/2021 Δ% EBITDA -10.2 -11.3 +10.8% EBIT -13.4 -18.0 +34.3% 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 19
Slide 20: PALFINGER Group
PALFINGER GROUP 21-07-30 PALFINGER Presentation of Results 1st HY / 2021 20
Slide 21: Profitability significantly better than record HY 2019 despite cyberattack
PALFINGER Group PROFITABILITY SIGNIFICANTLY BETTER THAN RECORD HY 2019 DESPITE CYBERATTACK Δ% in EUR million 1st HY/2019 1st HY/2020 1st HY/2021 2020/21 Revenue 893.4 729.8 884.1 +21.1% EBITDA 120.1 84.9 133.5 +57.2% EBITDA margin 13.4% 11.6% +15.1% - EBIT (operating result) 83.3 38.7 92.1 +137.8% E
Slide 22: Biggest investment program ever in implementation
PALFINGER Group BIGGEST INVESTMENT PROGRAM EVER IN IMPLEMENTATION 50 45,9 46,1 1) 43,0 45 40,2 41,4 40 36,9 35 32,9 31,6 28,4 30,0 30 25 20 15 10 5 0 1st HY/2017 1st HY/2018 1st HY/2019 1st HY/2020 1st HY/2021 Net Investments Depreciation, amortization and impairment 1) Including additions from leas
Slide 23: Sustainable reduction of net financial debt due to optimized working capital management
PALFINGER Group SUSTAINABLE REDUCTION OF NET FINANCIAL DEBT DUE TO OPTIMIZED WORKING CAPITAL MANAGEMENT in EUR million 06/30/2019 06/30/2020 06/30/2021 Financial liabilities (FV) 1) 621.6 572.0 491.2 Financial receivables 51.6 77.7 105.1 Net financial debt 570.1 494.3 386.1 Ø interest debt FV 2) 1.6
Slide 24: Very strong balance sheet structure
PALFINGER Group VERY STRONG BALANCE SHEET STRUCTURE – NET DEBT / EBITDA RATIO AT BEST LEVEL SINCE 2007 06/30/2019 06/30/2020 06/30/2021 Equity ratio 35.8% 38.8% 39.3% Gearing 96.7% 79.4% 57.7% Net debt/EBITDA 2.66 2.62 1.63 In accordance with IFRS, slight rounding differences possible. 21-07-30 PALF
Slide 25: Good profitability leads to strong cash flow
PALFINGER Group GOOD PROFITABILITY LEADS TO STRONG CASH FLOW in EUR million 1st HY/2019 1st HY/2020 1st HY/2021 EBTDA 111.8 76.5 129.0 +/- non-cash income from at-equity companies -6.1 -1.5 -4.5 +/- change in working capital -28.9 -6.3 -28.9 +/- cash flow from tax payments -19.0 -2.7 -13.7 Cash flow
Slide 26: Outlook 2021
OUTLOOK 2021 ANDREAS KLAUSER 21-07-30 PALFINGER Presentation of Results 1st HY / 2021
Slide 27: 2021: Record year on track
Outlook 2021 2021: RECORD YEAR ON TRACK Positive market environment and full order books provide good visibility until year end Target for 2021: Revenue above EUR 1.75 billion EBIT above EUR 150 million Limitations in the supply chain, high raw material prices, capacity bottlenecks and COVID-19 are
Slide 28: Financial targets 2024
Financial targets 2024 CLEAR STRATEGY TO ACHIEVE MID-TERM FINANCIAL TARGETS BY 2024 AT THE LATEST FINANCIAL TARGETS 2024 MARKET LEADER FOR CRANE AND LIFTING SOLUTIONS #1 EUR 2 billion 10% 10% Revenue from organic growth average EBIT margin over the average ROCE over the economic economic cycle cycle
Slide 29: Stay healthy!
STAY HEALTHY! PALFINGER Presentation of Results 1st HY / 2021
Slide 30: Investor relations and press contact
INVESTOR RELATIONS AND PRESS CONTACT ANDREAS KLAUSER FELIX STROHBICHLER HANNES ROITHER CEO CFO Group spokesperson +43 662 2281-81008 +43 662 2281-81006 +43 662 2281-81100 a.klauser@palfinger.com f.strohbichler@palfinger.com h.roither@palfinger.com PALFINGER AG Lamprechtshausener Bundesstraße 8 This