Semperit Ag Holding · VIE:SEM
Semperit — Q1 2025 Earnings Presentation
23 slides from Semperit's earnings presentation, May 14, 2025
Slide 1: Semperit Group Q1 2025 Earnings Presentation
SEMPERIT GROUP Q1 2025 EARNINGS PRESENTATION Manfred Stanek, CEO Helmut Sorger, CFO 14 May 2025
Slide 2: Agenda
Agenda Overview (p.3) Operational Performance (p.4) Financial Performance (p.7) Outlook (p.15) Appendix (p.17) 2 Earnings Presentation Q1 2025 I 14 May 2025
Slide 3: Overview Q1 2025
Overview Q1 2025 EBITDA down by 51.6% yoy to EUR 11.1 million as communicated due to continued challenging market conditions and project delays, margin at 7.3% (Q1’24: 13.0%) Top-line pressure (-13.8%) turns earnings after tax negative to EUR –7.2m (Q1’24: EUR 3.6m) Free cash flow increased to EUR 8
Slide 4: Two complementary divisions with one strong industrial base
Two complementary divisions with one strong industrial base Revenue and EBITDA breakdown mainly reflects project postponements and seasonal inventory Semperit Industrial Applications Semperit Engineered Applications build-up in the SEA segment Q1’25 Q1’25 26% Q1’24 Q1’24 43% 39% 47% 53% 61% 57% 74%
Slide 5: Semperit Industrial Applications Q1 2025
Semperit Industrial Applications Q1 2025 Margin recovery supported by cost efficiency measures EBITDA in EUR m EBITDA margin 24.7% 19.2% 19.8% 19.9% 17.6% 17.2% Semperit 13.2% 10.2% Industrial 17.8 17.5 6.3% 16.2 Applications 13.6 10.1 10.9 11.3 7.4 4.2 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’2
Slide 6: Semperit Engineered Applications Q1 2025
Semperit Engineered Applications Q1 2025 Top-line burdened especially by project postponements 17.0% EBITDA in EUR m 17.1% 18.3% 2.3 14.5% EBITDA margin 12.7% 11.8% 13.3% 9.1% Semperit Engineered 4.1 15.8 14.0 15.6 Applications 13.1 12.3 11.7 4.6% 10.0 7.5 4.0 1 Q1’23 Q2’23 Q3’23 Q4’23 1 Q1’24 Q2’24
Slide 7: Financial highlights Q1 2025
Financial highlights Q1 2025 Focus on Proactive working Stable balance Digital transformation 2024 dividend streamlining capital management sheet with ample through “oneERP”, payment of business and cost to improve free cash cash reserves and IT enhancements and EUR 10.3m on efficiency supports flow
Slide 8: Key financial results Q1 2025
Key financial results Q1 2025 Q1 2025 Q1 2024 Δ Revenues: top-line pressure due to Revenues in EUR m 151.7 176.0 -13.8% lower volumes; in SIA (Profiles) low demand while, in SEA (Belting) project EBITDA in EUR m 11.1 23.0 -51.6% delays and market pressure EBITDA margin in % 7.3 13.0 -5.7PP EBITD
Slide 9: Detail on Last Twelve Month (LTM) view – strict cost management to support margins
Detail on Last Twelve Month (LTM) view – strict cost management to support margins LTM Industrial Revenue (EUR m) and operating EBITDA margin (%) 734.0 739.5 717.4 705.0 695.1 681.8 681.4 660.3 671.6 668.9 676.6 652.2 596.9 556.1 497.3 518.9 487.0 17.5 16.7 17.1 16.9 16.3 16.5 14.7 14.6 14.8 14.7 14
Slide 10: EBITDA development: Negative volume effects partially offset
EBITDA development: Negative volume effects partially offset -52% in EUR m 23.0 0.9 2.8 11.1 0.8 11.9 9.8 1.1 -1.2 -25.3 reported Price & Volume Effect Change in Cost of Personnel Consulting, reported Project costs operating EBITDA Productmix - Sales inventories materials warranties, EBITDA (oneERP)
Slide 11: Consistent focus of working capital levels
Consistent focus of working capital levels Components of Working Capital1 in EUR m 21.8% 15.9% 18.7% 17.7% 18.0% 15.2% 15.8% 160.4 127.7 134.8 120.9 120.2 101.6 102.7 121.9 110.8 106.6 108.4 101.5 85.7 100.2 Inventories 100.8 86.1 86.7 70.7 76.5 73.7 67.0 Trade receivables -62.3 -69.2 -58.5 -58.2 -5
Slide 12: Free cash flow, CAPEX and net financial debt
Free cash flow, CAPEX and net financial debt Free cash flow more than doubled to EUR 8.7m (Q1’24: EUR 3.5m) Capex down to EUR 12.4m (Q1’24: 22.6m) due to reduced maintenance and growth investments Net financial debt / EBITDA stable at 1.4x in EUR m -8.7 2.4 3.2 103.3 100.2 Net financial debt F
Slide 13: Robust balance sheet structure and financial profile
Robust balance sheet structure and financial profile Balance sheet structure Financial profile as of 31 March 2025 Balance sheet 31/03/2025: EUR 915m Cash and cash equivalents at EUR 128.4m (+2.0%) Balance sheet 31/12/2024: EUR 913m Financial liabilities stable at EUR 233.4m (YE’24: EUR 234.1m)
Slide 14: Capital allocation and usage of cash
Capital allocation and usage of cash Free cash flow (EUR 8.6m) Normal Investments € Growth Investments € Shareholder Return % MAINTENANCE GROWTH CAPEX & DIGITALIZATION M&A DIVIDENDS CAPEX Strategic growth project: Commitment to maintaining expansion of the hydraulic Attractive and enhancing our hose
Slide 15: Outlook
Outlook Commodity business (SIA) still operating in subdued economic environment due to weak construction and yellow goods industries (construction and agriculture) operating EBITDA expected at EUR 65m - 85m SEA currently affected by lower global order activity and project postponements by customers
Slide 16: Five reasons to invest in Semperit
Investment Proposition Five reasons to invest in Semperit 1 Leading global market position in elastomer applications with strong industrial base 2 Relentless focus on innovation and technology 3 Resilient business model driven by operating leverage and cost leadership 4 Strong balance sheet and cash
Slide 17: Agenda
Agenda Overview (p.3) Operational Performance (p.4) Financial Performance (p.7) Outlook (p.15) Appendix (p.17) 17 Earnings Presentation Q1 2025 I 14 May 2025
Slide 18: Appendix: Divisions & Group
Appendix: Divisions & Group in EUR m INDUSTRIAL APPLICATIONS (SIA) ENGINEERED APPLICATIONS (SEA) SEMPERIT GROUP 1 2 1 2 1 1-3 2025 1-3 2024 % 1-3 2025 1-3 2024 % 1-3 2025 1-3 2024 % Revenue 65.5 68.7 -4.7% 86.2 107.3 -19.7% 151.7 176.0 -13.8% EBITDA 11.3 13.6 -17.4% 4.0 15.6 -74.5% 11.1 23.0 -51.6%
Slide 19: Semperit Group (continuing operations)
Semperit Group (continuing operations) in EUR m SEMPERIT GROUP Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 2025 Revenue 176.4 179.3 163.8 162.3 681.8 176.0 169.5 161.1 170.0 676.6 151.7 EBITDA 21.0 22.9 13.3 13.0 70.1 23.0 24.4 16.6 20.8 84.9 11.1 EBITDA margin
Slide 20: Semperit Industrial Applications, Semperit Engineered Applications & Corporate
Semperit Industrial Applications, Semperit Engineered Applications & Corporate in EUR m SEMPERIT INDUSTRIAL APPLICATIONS (SIA)1 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 2025 Revenue 99.4 93.0 72.2 66.2 330.8 68.7 65.6 50.5 82.4 267.3 65.5 EBITDA 17.5 17.8 7.
Slide 21: Key figures 2013-2024
Key figures 2013-2024 in EUR m KEY PERFORMANCE FIGURES 2013 2014 1 2015 1 2016 adj.2 2017 adj.3 2018 adj.4 2019 adj.5 2020 adj.6 2021 7 2022 adj.7 2023 adj.8 2024 adj.8 Revenue 906.3 858.3 914.7 852.4 874.2 875.5 840.6 927.5 601.8 779.8 681.8 676.6 EBITDA 132.5 101.9 96.2 74.7 35.8 50.3 63.8 208.6 5
Slide 22: Overview price indices LFO-F-NEW / Butadiene
Overview price indices LFO-F-NEW / Butadiene Significant increase for raw material1 used in industrial segments Price index LFO-F-NWE Price indices Butadiene as main raw material for synthetic rubber / latex 180 350 ø ø ø 2022 ø 2023 ø 2024 ø 2022 ø 2023 ø 2024 160 2025 2025 300 140 250 120 100 200
Slide 23: Contact and financial calendar
Contact and financial calendar Investor Relations Semperit Financial Calendar 2025 Judit Helenyi, Director Investor Relations 14.05.2025 Report on Q1 2025 13.08.2025 Half-year financial report 2025 +43 1 79777 - 310 12.11.2025 Report on Q3 2025 www.semperitgroup.com/en/ir Am Belvedere 10 1100 Vienna