Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — FY2023 Earnings Presentation
26 slides from Rational Aktiengesellschaft's earnings presentation, Mar 27, 2024
Slide 1: RATIONAL AG | Earnings Call FY 2023 | 27 March 2024
RATIONAL AG | Earnings Call FY 2023 | 27 March 2024 1
Slide 2: Partner events: Partners from all over the world visit Landsberg
Partner events Partners from all over the world visit Landsberg More than 800 partners from a total of 39 countries were inspired by the eight events in Landsberg. 2023 September/October 2
Slide 3: Anniversary celebrations in local sales companies
Anniversary celebrations in local sales companies The anniversary was also duly celebrated internationally India Singapore 2023 Jan. Feb. March Apr. May June July Aug. Sept. Oct. Nov. Dec. 3
Slide 4: RATIONAL employees are entrepreneurs within the company (U.i.U)
RATIONAL employees are entrepreneurs within the company (U.i.U) Decisions. Responsibility. 2,554 2,401 2,258 2,180 2,248 87% are proud to work at 2,113 RATIONAL 1,884 employee turnover in the 6% Fiscal Year 2023 5% average salary increase 2023 anniversary bonus for every 1,973€ U.i.U. worldwide 2017
Slide 5: RATIONAL x Hai Nan Story
RATIONAL x Hai Nan Story "The RATIONAL iCombi Pro is really easy to use. Just a few clicks will make cooking fast and easy.“ Steven Yap, Production Chef Baoshi F&B Management pte 5
Slide 6: Figures. Facts. Data.
Figures. Facts. Data. Fiscal Year 2023 7
Slide 7: Strong sales performance in 2023
Strong sales performance in 2023 Revenue increased by 10% to EUR 1,126 million in 2023 +10% +31% 1,126 +8% 1,022 +11% -23% +20% 844 778 780 702 650 2017 2018 2019 2020 2021 2022 2023 8 Sales revenues in m EUR | Year-on-year sales growth
Slide 8: Significant increase in order intake over the course of the year
Significant increase in order intake over the course of the year Order backlog reduced to EUR 120 million at the end of 2023 ~120 m EUR ~70 m EUR Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2021 2022 2023 9 Orders Sales revenues Order backlog
Slide 9: Sales revenues by quarter
Sales revenues by quarter HJ1 benefits from order backlog, HJ2 from strong overseas demand +25% +20% +1% -1% 290 293 282 278 274 272 225 232 2022 2023 2022 2023 2022 2023 2022 2023 Q1 Q2 Q3 Q4 10 Sales revenues in m EUR | Year-on-year sales growth
Slide 10: iCombi sales revenues exceed the billion-euro threshold
iCombi sales revenues exceed the billion-euro threshold iVario at a good level after record year 2022 iCombi iVario +13% +28% 1,008 895 698 +57% -8% 81 128 118 2021 2022 2023 2021 2022 2023 11 Sales revenues in m EUR | Year-on-year sales growth
Slide 11: Strong growth in overseas regions
Strong growth in overseas regions Street business in North America and Asian chain customer spur growth North America +18% Asia 262 Germany +24% 221 -3% 156 125 122 126 2022 2023 2022 2023 2022 2023 Europe +5% 439 461 Latin America Rest of the World +18% +8% 58 68 53 57 2022 2023 2022 2023 2022 2023
Slide 12: EBIT grows faster than sales revenues
EBIT grows faster than sales revenues EBIT margin increases by 1.4 percentage points in fiscal year 2023 +17% +48% 277 +9% -52% 238 223 205 +50% 160 26.4% 26.5% 24.6% 107 23.2% 20.5% 16.5% 2018 2019 2020 2021 2022 2023 13 EBIT in m EUR EBIT margin
Slide 13: High profitability in FY 2023
High profitability in FY 2023 Healthy sales revenue performance and favourable cost development FY 2023 vs. FY 2022 FY FY 1 in mEUR 2023 2022 Change Margin Impact Strong sales support Sales revenues 1,126 1,022 +10% --- + margin development COGS -487 -457 +7% +1.5% Gross Profit 639 565 +13% --- Gros
Slide 14: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in m EUR 2022 2023 27% Non-current assets 237 265 Inventories 116 107 11% Trade receivables 175 172 29% Other assets 163 285 18% Liquid funds 208 138 14% Total assets 899 966 76% Equity 676 739 Non-current liabilit
Slide 15: Investments
Investments Forward-looking investments thanks to solid financial position 40 40 37 35 33 31 30 31 29 25 26 14 2018 2019 2020 2021 2022 2023 *The years 2019 and following include depreciation resulting from IFRS 16. 16 Depreciation/amortisation Investments in m EUR
Slide 16: Dividend 2023
Dividend 2023 Dividend of 13.50 Euro proposed 18.98 13.50 € Dividend per Share 16.33 15.09 13.84 10.88 2.50 13.50 71% Total payout ratio 11.00 9.50 7.04 2.50 7.50 5.70 1.9% Dividend yield* 4.80 2018 2019 2020 2021 2022 2023 Dividend per Share Special dividend per share Earnings per share in Euro 17
Slide 17: Sales revenue and profit outlook for 2024
Sales revenue and profit outlook for 2024 Optimistic for the current financial year Sales growth Gross profit Operating costs EBIT margin in the mid to high single- benefits from better cost rise slightly faster than near previous year expected digit percentage range. situation. sales revenues. 18
Slide 18: The RATIONAL share temporarily no longer part of the MDAX
The RATIONAL share temporarily no longer part of the MDAX Re-inclusion in the index expected in June Reasons for temporary index exclusion › One of Deutsche Börse's index criteria is based on the German Corporate Governance Code › Recommendation C.10: the chair of the Audit Committee should be "inde
Slide 19: The RATIONAL share
The RATIONAL share Strong performance in 2023 continues at the beginning of 2024 50% 40% +37% 30% +30% 20% 10% +5% 0% -10% Jan-23 Aug-23 Sep-23 Jan-24 Oct-23 Mar-23 Feb-23 Mar-24 Jun-23 Jul-23 Apr-23 May-23 Nov-23 Dec-23 Feb-24 RATIONAL MDAX DAX 20 Based on XETRA prices from January 2, 2023 to March
Slide 20: Investing in the future
Investing in the future Production site in Suzhou, Greater Shanghai area 21
Slide 21: Production site in Suzhou, Greater Shanghai area
Production site in Suzhou, Greater Shanghai area Significant progress can be seen 22
Slide 22: iHexagon
iHexagon Beginning of a new era 23
Slide 23: The key to success: iClimateBoost
The key to success: iClimateBoost The intelligent climate management of iHexagon iClimateBoost is the intelligent climate management system that combines the six independent variables: steam, convection heat, microwave energy, fan wheel, time and the food itself. › Intelligent combination of steam,
Slide 24: More flexibility. More possibilities.
More flexibility. More possibilities. The right solution for special applications. Production Grab & Go Fresh Cooking Larger quantities produced Variety of snacks of the Quickly reproduce for buffet or quickly. Consistent results highest quality, produced hot counter as required. on each tray. quick
Slide 25: RATIONAL
RATIONAL
Slide 26: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or