Facc Ag · VIE:FACC
Facc — Shareholder Meeting (May 2023)
30 slides from Facc's shareholder meeting presentation, May 8, 2023
Slide 1: Welcome to the 9th Annual General Meeting of FACC AG
WELCOME TO THE 9TH ANNUAL GENERAL MEETING OF FACC AG FACC AG – Confidential and/or Proprietary Management Report, 8 May 2023
Slide 2: 2022 financial year of stabilization and growth
The 2022 financial year was a year of further stabilization and growth for FACC. Together with our partners, we were able to increase our sales revenues by more than 20% in a challenging environment. We would like to thank all FACC employees, our FACC AG – Confidential and/or Proprietary shareholder
Slide 3: Market Overview
3 MARKET OVERVIEW 07.05.2023 FACC AG – Confidential and/or Proprietary
Slide 4: Positive development of the aviation market
We see a positive development of the aviation market: ➢ global recovery of air traffic ➢ aircraft construction rates continue to rise ➢ demand for 40,000 new aircrafts by 2041 FACC AG – Confidential and/or Proprietary 4 07.05.2023
Slide 5: Air traffic volumes increasing
AIR TRAFFIC VOLUMES INCREASING MARKETS ARE RECOVERING IN LINE WITH FORECASTS 118 % 111 % 103 % 101 % 93 % 92 % ➢ Pre-crisis level to be reached again by 82 % 2024 - intercontinental flights are 69 % 61 % recovering more slowly ➢ North and Central America show the 27 % Total domestic FACC AG – Confid
Slide 6: Airbus & Boeing: increase in orders & deliveries
AIRBUS & BOEING INCREASE IN ORDERS & DELIVERIES +20,0% +61,7% +61,6% +190 AC +313 AC 1.141 +295 AC 951 820 774 480 Boeing 2021 340 Airbus 2022 507 479 611 661 FACC AG – Confidential and/or Proprietary 2021 2022 Airbus Boeing Deliveries 2022: Net orders 2022: ➢ TOTAL: 1.141 AC or +190 AC (+20%) ➢ TOT
Slide 7: Demand for aircraft
DEMAND FOR AIRCRAFT 39,490 DELIVERIES BY 2041 DEMAND FOR AIRCRAFT ➢ 22,880 aircraft entered into 46.930 service at beginning of 2020 ➢ 33% will remain in service (including 15.440 Growth deliveries in 2020 and 2021) New deliveries ➢ 67% will be replaced 39.490 FACC AG – Confidential and/or Proprieta
Slide 8: Demand for aircraft: 39,490 deliveries by 2041
DEMAND FOR AIRCRAFT 39,490 DELIVERIES BY 2041 – CAGR 2022-2041: +5.4% 3 116 3 200 45 000 2 956 Deliveries 2 803 3 000 2 659 2 800 Cumulative 39.490 40 000 2 522 2 392 2 600 +5,4% 2 269 35 000 2 400 2 152 2 041 2 200 1 936 30 000 1 836 2 000 1 742 1 652 1 567 1 800 25 000 1 486 1 410 1 600 1 337 1 26
Slide 9: Short-haul dominating the market
SHORT-HAUL DOMINATING THE MARKET A320, B737, A220 & C919: HIGH CONSTRUCTION RATES 20% WIDE-BODY TYPE 7,870 aircraft A350, B787, B777 39,490 aircraft FACC AG – Confidential and/or Proprietary 80% SINGLE-AISLE TYPE 31,620 aircraft A320 Family & B737 Source: Airbus GMF Passenger aircraft with more than
Slide 10: Demand by region 2022-2041
DEMAND BY REGION 2022-2041 80% SINGLE-AISLE I 20% WIDE-BODY 280 CIS 1580 1440 1270 EUROPE 1160 & CIS 1330 NORTH AMERICA 8140 6990 6560 1470 CHINA 8420 5720 MIDDLE EAST 7090 1530 3000 250 220 FACC AG – Confidential and/or Proprietary AFRIKA 1690 LATIN 1230 APAC Total AMERICA 9160 980 39.490 2550 7470
Slide 11: Strategy
11 STRATEGY 07.05.2023 FACC AG – Confidential and/or Proprietary
Slide 12: Strategy FACC 2030
STRATEGY FACC 2030 PERFORMANCE FACC is the most high-performing and reliable production and development partner to the aerospace industry and is continuously increasing its market share with new orders from existing customers. GROWTH & SUSTAINABILITY FACC applies new technologies to replace existing
Slide 13: Growth through existing contracts
GROWTH THROUGH EXISTING CONTRACTS POSITIVE SIGNAL FROM FIRM ORDERS Revenue growth rate FACC IS WELL-POSITIONED ON MANY KEY CAGR (2022-2027) in % AIRCRAFT PLATFORMS 2022 2027 ➢ Revenue from Airbus platforms increased from 100 Mio. €298 million in 2022 to €408 million in 2027 Others Others B787 ➢ Reve
Slide 14: The future of aviation with sustainable solutions by FACC
THE FUTURE OF AVIATION WITH SUSTAINABLE SOLUTIONS BY FACC Remaining savings of 50%: Emissions per passenger kilometer (%) [LOG] Natural: biological materials Performance: Wing of Tomorrow -50 % Efficiency: erreicht durch: thermoplastics FACC AG – Confidential and/or Proprietary We are here ESG: recy
Slide 15: Technology Radar
TECHNOLOGY RADAR NAVIGATING OUR WAY TO THE FUTURE ➢Extensive and continuous monitoring of future technologies in space and aviation ➢8 strategic research segments HDF ➢+60 technologies currently being FACC AG – Confidential and/or Proprietary developed to serial production maturity or tested for app
Slide 16: Archer Midnight
ARCHER MIDNIGHT FACC SUPPLYING FUSELAGE AND WING COMPONENTS ➢ Silicon Valley startup based in Santa Clara, California ➢ Cooperation with United Airlines and the European automotive group Stellantis, with FACC as a technology partner FACC AG – Confidential and/or Proprietary ➢ First delivery of FACC
Slide 17: Personnel development & education
PERSONNEL DEVELOPMENT & EDUCATION GREAT PLACE TO WORK RECRUITING ➢ Employee increase of 400 FTE in 2022 ➢ 1800 people in the application process APPRENTICESHIP & JUNIOR STAFF DEVELOPMENT ➢ Highest quality in apprentice training ➢ Over 50% female apprentices ➢ Close cooperation with schools, technica
Slide 18: FACC Financial Year 2022
18 YEAR 2022 FACC FINANCIAL 07.05.2023 FACC AG – Confidential and/or Proprietary
Slide 19: Strong growth
STRONG GROWTH EXPANDING THE GLOBAL FOOTPRINT EUR 607 Mio. Group Revenue Market recovery continues – aircraft construction rates on the rise EUR 5,5 Mio. 20% revenue increase in 2022 compared to the previous year Operating EBIT EBIT at EUR 5.5 million – despite challenging environment Workforce Expan
Slide 20: New location in Croatia
NEW LOCATION IN CROATIA HIGH TECH FOR CABIN INTERIORS FACC AG – Confidential and/or Proprietary ➢ Investments for phase 1 (EUR 13 million) completed on schedule ➢ State-of-the-art and efficient production plant for the manufacture of cabin components ➢ Workforce expansion to 200 employees successful
Slide 21: Sustainable packaging concept
SUSTAINABLE PACKAGING CONCEPT GREEN LOGISTICS ➢ New, sustainable packaging concept "FACC GREEN AEROSPACE" introduced in 2022 ➢ In-house production of 100% carbon-neutral air cushion foil with 40% recycled material ➢ Air cushions are filled at the place of packaging → 25 times less space required for
Slide 22: Securing the energy supply
SECURING THE ENERGY SUPPLY ON THE PATH TOWARDS CARBON-NEUTRAL PRODUCTION 44% 18% ➢ Total energy consumed by FACC approx. 77.4 GWh electricity natural gas from hydropower ➢ 2/3 of energy requirements from sustainable sources ➢ 98% of space heating from geothermal energy 14% district heating ➢ 100% el
Slide 23: Financial Year 2022
23 2022 FINANCIAL YEAR 07.05.2023 FACC AG – Confidential and/or Proprietary
Slide 24: Revenue and EBIT
REVENUE AND EBIT IMPACTED BY ONE-TIME SETTLEMENT OF PROJECT-RELATED DEVELOPMENT & BY CHALLENGING ENVIRONMENT Revenue development EBIT development in million EUR in million EUR Jan – Feb Σ 801,3 2019 Mar – Dec 2019 148,2 Mar – Dec 60,1 Σ 15,1 2019 43,6 Jan – Feb 25,0 22,1 2019 5,5 - 7,0 FACC AG – Con
Slide 25: Division results
DIVISION RESULTS REVENUE AND EBIT IN LINE WITH EXPECTATIONS +21,3% +40,4% -6,2% REVENUE 261 275 240 235 227 226 [IN MEUR] 185 168 152 115 104 97 2019 SFY Aerostructures Engines & Nacelles Cabin Interiors 2020 2021 FACC AG – Confidential and/or Proprietary 2022 22,6 EBIT 4,0 6,0 8,7 0,5 1,0 [IN MEUR]
Slide 26: Outlook
26 OUTLOOK 07.05.2023 FACC AG – Confidential and/or Proprietary
Slide 27: Outlook for the financial year 2023
OUTLOOK FOR THE FINANCIAL YEAR 2023 Revenue / Profitability / Objectives ➢ Revenue growth in the high single-digit percentage range compared to the FY 2022 ➢ Gradual EBIT increase in a complex supply chain environment ➢ Ensuring rate ramp-ups to meet customer requirements ➢ Focus on contract adjustm
Slide 28: Market development & opportunities
MARKET DEVELOPMENT & OPPORTUNITIES Positive market development General Observations FACC Focus ➢ Further recovery of air traffic ➢ Next new Airplane programs require ➢ FACC R&T Roadmap on track to offer → Net Orders with book to bill 1,40 new technology new technology as needed → Rate ramp-ups for S
Slide 29: New authorised capital
NEW AUTHORISED CAPITAL KEY MESSAGE REGARDING RESOLUTION POINT 9 ➢ Industry is currently offering opportunities, which FACC can only use having the flexibility of Retain maximum raising new equity capital flexibility to pursue ➢ Current balance sheet structure does not allow financing of any M&A or l
Slide 30: Horizons
HORIZONS »