Glaston Oyj · OMXHEX:GLA1V
Glaston Oyj — Investor Day (August 2021)
11 slides from Glaston Oyj's investor day presentation, Aug 26, 2021
Slide 1: Glaston Corporation Capital Markets Day 2021
Glaston Corporation Capital Markets Day 2021 CMD 2021 26 August 2021
Slide 2: Meet Päivi Lindqvist, CFO
Meet Päivi Lindqvist CFO
Slide 3: Financial development
Financial development
Slide 4: Net sales growth targeted to clearly exceed market growth
Net sales growth targeted to clearly exceed market growth Addressable equipment market growth > 5% pa Glaston strategic initiatives >> market share increase Annual net sales growth (CAGR) to clearly exceed market growth 4 Capital Markets Day 2021 26 August 2021 *Pro forma 2018-2019 2012-2016 as repo
Slide 5: Comparable EBITA target 10% of net sales in 2025
Comparable EBITA target 10% of net sales in 2025 The biggest driver for the profitability improvement is operational leverage: fixed costs growing slower than net sales Negative mix impact as services growth expected at similar rates as machines Machines margins in Heat Treatment and Automotive & Di
Slide 6: Asset light business model, working capital successfully squeezed
Asset light business model, working capital successfully squeezed Balance sheet December 2020, M€ Cash 23,3 Debt 56,9 Goodwill 58,3 Equity 68,9 Fixed assets 51,4 Working capital Working capital 81,5 72,0 10,6 33,6 -9,5 Assets Liabilities NWC Net assets (excl. Net debt goodwill) 6 Capital Markets Day
Slide 7: Order intake drives cash flow; gearing below pre-acquisition level in June
Order intake drives cash flow Gearing below pre-acquisition level in June Figures as reported (no pro formas or restatements) 2018 restated for IFRS 16 (reported 13.1%) 7 Capital Markets Day 2021 26 August 2021
Slide 8: Comparable ROCE target 16% in 2025, driven by profit improvement
Comparable ROCE target 16% in 2025, driven by profit improvement Investments in innovations and development are planned to be increased (mainly R&D and information systems) Limited needs for fixed assets investments (all plants can add capacity) Growth consuming little working capital >> Growth in c
Slide 9: Dividend policy
Dividend policy Glaston’s objective is to distribute annually a dividend or return of capital amounting to 30-50% of the company’s comparable earnings per share. Comparable reported EPS (excl. items impacting comparability and PPA), figures adjusted for the reverse share split and rights issue in 20
Slide 10: Forward-looking statements disclaimer
This Capital Markets Day 2021 presentation provides future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation, or achievements of Glaston may substantially deviate from the estimates. Forward-looking statements relating to future prosp
Slide 11: Thank you!
> www.glaston.net Thank you!