Aalberts N.v. · EURONEXT:AALB
Aalberts — Shareholder Meeting (May 2024)
39 slides from Aalberts's shareholder meeting presentation, May 23, 2024
Slide 1: General Meeting Aalberts N.V.
general meeting Aalberts N.V. Utrecht, 23 May 2024
Slide 2: Agenda
agenda welcome strategy & objectives financial development 2023 trading update - first four months 2024 questions & answers Aalberts | General Meeting 2
Slide 3: Strategy & objectives
strategy & objectives Stéphane Simonetta - CEO
Slide 4: How we serve our customers and the impact we make
rochips accelerating technological breakthroughs together with semicon OEMs, we engineer leading-edge and tailor-made technologies gS achieving energy and resource efficiency in buildings, we engineer integrated solutions for heating, cooling and sanitary systems how we serve our customers * ultre-c
Slide 5: Aalberts at a glance
Aalberts annual report 2025 Aalberts at a glance Aalberts (AMS: AALB) engineers locations worldwide mission-critical technologies enabling a clean, smart end responsible future. i| 3 O Aalberts is where technology matters and real progress can be made. Humaniy, enviconmentally and finencially. aalbe
Slide 6: Megatrends shaping our future
Alberts annual report 2023 megatrends shaping our future stretegy 11 megatrends shaping our future energy & resource scarcity seving energy, lowering waste, reshoring and making materials lightweight and durable urbanisation internet of things accelerating breakthroughs enabling autonomous driving,
Slide 7: Our playing field
Aalberts annual report 2023 cour playing field strategy 12 message of the CEO our playing field we engineer mission-critical technologies enabling a clean, smart and responsible future sustainable entrepreneurship people & culture progress and performance risk & governance report of the Supervisory
Slide 8: Strategic actions 2022-2026
strategic actions 2022-2026 » further optimise existing portfolio continue portfolio » finalise existing divestment programme 1 optimisation » additional divestment programme EUR 250-300 million revenue » strengthen positions through bolt-on acquisitions, EUR 250-500 million revenue » focus on 4 tec
Slide 9: Portfolio optimisation 2022-2023
1 portfolio optimisation 2022-2023 acquisitions divestments ISEL UWS KML ETI specialised in wafer water treatment systems mechatronic solutions annual revenue approx. handling & robotics and maintenance performing linear and USD 45 million and machine systems services for eco-friendly rotative high-
Slide 10: Increase innovation
2 increase innovation hygienic distribution creating acceleration of lifetime extension and of water energy savings technological breakthroughs lightweight materials composite fittings with balancing valves used for enabling reuse of coating services providing corrosion resistance like balancing hea
Slide 11: Focus on 4 end markets
2 focus on 4 end markets revenue per end market revenue per region (in %) (in %) 19 6 11 16 23 51 60 14 eco-friendly buildings 51% Western Europe 60% semicon efficiency 14% America 23% sustainable transportation 16% Eastern Europe 11% industrial niches 19% APAC, Middle East, Africa 6% 23 May 2024 Aa
Slide 12: Regional revenue per business segment
2 regional revenue per business segment building technology industrial technology (in %) (in %) 5 7 6 15 18 27 53 69 Western Europe 53% Western Europe 69% America 27% America 18% Eastern Europe 15% Eastern Europe 7% APAC, Middle East, Africa 5% APAC, Middle East, Africa 6% 23 May 2024 Aalberts | Gen
Slide 13: Realise 'world-class' operations
3 realise ‘world-class’ operations Dronten Raunheim Venlo Assens Monterrey Raufoss building and expanding our sustainable footprint 23 May 2024 Aalberts | General Meeting 13
Slide 14: Drive sustainable entrepreneurship
4 drive sustainable entrepreneurship mission-critical technologies our playing field creating energy savings hydronic flow control eco-friendly buildings hygienic distribution of water integrated piping systems semicon efficiency acceleration of technological breakthroughs advanced mechatronics sust
Slide 15: Net zero carbon roadmap
4 net zero carbon roadmap net zero carbon focus projects per business team 2023 2022-2026 2040 2050 scope 1+2 • drive energy efficiency progress target energy use (in CO2 intensity)* • use renewable energy 33% 30% versus 2018 versus 2018 • reduce, reuse, recycle raw materials, waste scope 3 • trav
Slide 16: 23 May 2024 Aalberts | General Meeting
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Slide 21: 23 May 2024 Aalberts | General Meeting
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Slide 22: Looking forward
looking forward on the industrial side, we are still confident in the building sector, there are still with the long-term growth agenda of the many growth opportunities in the USA, semicon industry and are in pole position to Eastern Europe, and Asia, while further support the decarbonisation of Wes
Slide 23: Financial development
financial development Arno Monincx - CFO
Slide 24: Aalberts highlights
Aalberts highlights revenue added-value (in EUR million) (% of revenue) 3,324 62.4 +3% 2022: 62.4 EBITA EBITA margin o revenue EUR 3,324 million; organic revenue growth 4.5% (in EUR million) (%) 521 15.7 2022: 15.5 o EBITA EUR 521 million; EBITA margin 15.7% +4% o earnings per share before amortisat
Slide 25: Revenue bridge
revenue bridge 137.0 3,324.0 39.8 3,230.0 -46.1 -36.7 actual 2022 acquisitions divestments currency organic actual 2023 23 May 2024 Aalberts | General Meeting 25
Slide 26: EBITA bridge
EBITA bridge 25.8 521.0 7.1 500.3 -6.7 -5.5 actual 2022 acquisitions divestments currency organic actual 2023 23 May 2024 Aalberts | General Meeting 26
Slide 27: EPS bridge
EPS bridge 0.24 0.06 -0.17 -0.02 3.37 3.38 -0.06 -0.04 actual 2022 acquisitions divestments organic finance cost tax currency actual 2023 23 May 2024 Aalberts | General Meeting 27
Slide 28: Condensed consolidated income statement
condensed consolidated income statement in EUR million 2023 2022 revenue 3,324.0 3,230.0 EBITDA 662.6 633.5 depreciation (141.6) (133.2) EBITA 521.0 500.3 net finance cost (39.4) (20.8) income tax expense (103.5) (102.3) non-controlling interests (4.7) (5.0) net profit before amortisation 373.4 372.
Slide 29: Condensed consolidated balance sheet
condensed consolidated balance sheet in EUR million 31.12.2023 31.12.2022 total non-current assets 2,707 2,732 total current assets 1,431 1,479 total assets 4,138 4,211 total equity 2,517 2,363 total non-current liabilities 726 852 total current liabilities 895 996 total equity and liabilities 4,138
Slide 30: Free cash flow
free cash flow in EUR million (before exceptionals) 2023 2022 delta EBITDA 662.6 633.5 29.1 gain on disposal of subsidiaries (30.0) (34.4) 4.4 result on sale of equipment (4.4) (1.0) (3.4) changes in provisions (4.5) (2.4) (2.1) changes in provisions exceptional 3.4 9.1 (5.7) changes in working capi
Slide 31: Our segment reporting structure
our segment reporting structure building technology industrial technology hydronic flow control advanced mechatronics integrated piping systems surface technologies revenue organic growth EBITA margin capital expenditure revenue organic growth EBITA margin capital expenditure (in EUR million) (% of
Slide 32: Reporting per business segment
reporting per business segment building technology 2023 2022 delta revenue (in EUR million) 1,798.0 1,841.8 (2%) organic revenue growth (in %) (1.2) 6.1 (7.3) EBITA (in EUR million) 256.4 276.4 (7%) EBITA margin (%) 14.3 15.0 (0.7) capital expenditure (in EUR million) 85.2 94.3 (10%) industrial tech
Slide 33: Dividend
dividend 1.13 0.75 dividend proposal 0.41 cash dividend EUR 1.13 per share (2022: EUR 1.11) 2013 2018 2023 CAGR 11% cash dividend proposal EUR 1.13 per share 23 May 2024 Aalberts | General Meeting 33
Slide 34: Over 45 years of sustainable profitable growth
our track record over 45 years of sustainable profitable growth multi-industry focus portfolio growth focus mission-critical technology focus 3500 3,324 600 2,759 3000 revenue (in EUR million) 521 500 2500 EBITA (in EUR million) 2,040 400 2000 1,751 366 300 1500 225 200 1000 785 182 500 328 88 100 1
Slide 35: Shareholder value creation
our track record shareholder value creation earnings per share dividend per share return on incremental long-term shareholders (in EUR) (in EUR) capital employed (>3% holdings) 1.13 3.38 capital EBITA employed 225 2013 1,535 1.38 0.41 521 2023 3,100 (2) IFRS 16 (156) 294 1,409 2013 2023 2013 2023 CA
Slide 36: Trading update - first four months 2024
trading update - first four months 2024 Stéphane Simonetta - CEO
Slide 37: Trading update - first four months 2024
trading update - first four months 2024 o added value on good level organic o productivity improvement revenue growth o cost savings -2.6% o inventory reduction o robust price levels building technology industrial technology organic revenue growth organic revenue growth o business development plans
Slide 38: Trading update - first four months 2024
trading update - first four months 2024 eco-friendly buildings semicon efficiency sustainable transportation industrial niches o lower activity o growth continued o stable activity o lower activity level in with volatile demand industrial production o added value o lower demand in remained on a good
Slide 39: Questions & answers
5. questions & answers aalberts.com/investors aalberts.com/investors