Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — 9M 2024 Earnings Presentation
24 slides from Rational Aktiengesellschaft's earnings presentation, Nov 7, 2024
Slide 1: Earnings Call 9M 2024
50 years of RATIONAL 50 years of innovations 50 years of customer benefit Earnings Call 9M 2024 Landsberg am Lech, 7 November2024
Slide 2: Agenda
Agenda RATIONAL 9M 2024 Earnings Call 03 Highlights of the 3rd Quarter 2024 07 Figures. Facts. Data. 15 Outlook 2024 16 Appendix 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 2
Slide 3: RATIONAL at Oktoberfest München
RATIONAL at Oktoberfest München How our cooking systems feed hungry Wiesn guests Facts: 6.7 million visitors in 16 days 7 million “Maß” beer 40 “tents” – 29 equipped with RATIONAL 195 RATIONAL units in use 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 3
Slide 4: RATIONAL India: New training center in Bangalore
RATIONAL India New training center in Bangalore › 30 employees in India › One existing Training Center in Gurgaon (New Delhi) › New Training Center was opened in late September › Attended by 75 companies 4
Slide 5: iHexagon feedback from the web
iHexagon feedback from the web 7 Points for RATIONAL Markus Dworaczek 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 5
Slide 6: RATIONAL employees are entrepreneurs within the company (U.i.U)
RATIONAL employees are entrepreneurs within the company (U.i.U) Performance. Responsibility. Decisions. 2,690 2,554 2,401 U.i.U. Compass 2024: 2,258 2,248 2,113 2,180 All in all very satisfied or 90% satisfied with RATIONAL as employer Are proud to work at 88% RATIONAL Inflation premium for 1,000€ e
Slide 7: Figures. Facts. Data.
Figures. Facts. Data. 9M 2024 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 7
Slide 8: 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 -23% +20% 844 778 780 650 2018 2019 2020 2021 2022 2023 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 8 Sales revenues in m EUR | Year-on-year sales growth
Slide 9: Sales revenues by quarter
Sales revenues by quarter Q3 2024 – sales revenues remain on high level +6% +8% +1% +25% +1% +20% -1% 286 295 294 290 293 282 278 274 272 225 232 2022 2023 2024 2022 2023 2024 2022 2023 2024 2022 2023 Q1 Q2 Q3 Q4 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 9 Sales revenues in m EUR | Year-
Slide 10: New record level after 9M 2024: Americas keep driving growth
New record level after 9M 2024: 875 m EUR and 5 % growth Americas keep driving growth North America Germany Asia +30% +8% 195 211 +22% +3% -2% -1% 150 111 114 93 92 91 91 9M 2022 9M 2023 9M 2024 9M 2022 9M 2023 9M 2024 9M 2022 9M 2023 9M 2024 Europe +7% +4% 342 356 318 Latin America Rest of the Worl
Slide 11: iVario back to growth, iCombi surpasses previous year
iVario back to growth iCombi surpasses previous year’s high sales level iCombi iVario +4% +18% +20% 778 746 634 526 +63% -11% +12% 60 98 87 98 9M 2021 9M 2022 9M 2023 9M 2024 9M 2021 9M 2022 9M 2023 9M 2024 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 11 Sales revenues in m EUR | Year-on-ye
Slide 12: EBIT grows faster than sales revenues
EBIT grows faster than sales revenues EBIT margin back on pre-crisis level earlier than expected +12% +24% 227 +22% 202 -60% +108% 160 163 134 26.0% 25.9% 22.9% 22.3% 24.2% 13.8% 64 9M 2019 9M 2020 9M 2021 9M 2022 9M 2023 9M 2024 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 12 EBIT in m EUR
Slide 13: High profitability in 9M 2024
High profitability in 9M 2024 Healthy sales revenue performance and favourable COGS 9M 9M 9M 2024 vs 9M 2023 in m EUR 2023 2024 Change Margin Impact Sales revenues 833 875 5% --- + Sales revenues remain COGS -362 -359 -1% +240 bps on high level Gross Profit 471 516 10% +240 bps Gross Margin 56.5% 58
Slide 14: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in m EUR 30.09.2023 31.12.2023 30.09.2024 Key balance sheet KPIs Non-current assets 251 265 266 +11% Growth in total assets Inventories 114 107 109 Trade receivables 165 172 177 Other assets 258 285 349 43% Liquidi
Slide 15: Sales revenue and profit outlook for 2024 confirmed
Sales revenue and profit outlook for 2024 confirmed More concrete guidance on sales growth and EBIT margin Sales growth Gross profit Operating costs EBIT margin Q1 in the mid to high single- benefits from better cost rise slightly faster than near previous year expected digit percentage range. situa
Slide 16: RATIONAL
RATIONAL
Slide 17: Appendix
Appendix 16 Appendix 17 Statement of Comprehensive Income 19 Cash Flow Statement 23 Disclaimer 7 November 2024 | RATIONAL AG | Earnings Call 9M 2024 17
Slide 18: Statement of Comprehensive Income RATIONAL Group (Q3)
Statement of Comprehensive Income RATIONAL Group 1 July to 30 September | in thousands of euros Q3 2023 Q3 2024 YoY % Sales revenues 272,288 294,236 8% Cost of Sales -116,097 -120,568 4% Gross profit 156,191 173,668 11% Sales and service expenses -63,330 -64,707 2% Research and development expenses
Slide 19: Statement of Comprehensive Income RATIONAL Group (9M)
Statement of Comprehensive Income RATIONAL Group 1 January to 30 September | in thousands of euros 9M 2023 9M 2024 YoY % Sales revenues 833,076 875,482 5% Cost of Sales -362,134 -359,492 -1% Gross profit 470,942 515,990 10% Sales and service expenses -189,682 -197,003 4% Research and development exp
Slide 20: Cashflow statement RATIONAL Group (1/4)
Cashflow statement RATIONAL Group (1/4) 1 July to 30 September | in thousands of euros Q3 2023 Q3 2024 YoY Earnings before taxes 67,874 81,022 13,148 Depreciation and amortisation 8,178 9,624 1,446 Other 3,655 -2,231 -5,886 Net interest -1,768 -2,870 -1,102 Changes in Inventories -1,041 568 1,609 Tr
Slide 21: Cashflow statement RATIONAL Group (2/4)
Cashflow statement RATIONAL Group (2/4) 1 July to 30 September | in thousands of euros Q3 2023 Q3 2024 YoY Capital expenditures in intangible assets and PP&E -8,015 -5,149 2,866 Proceed from asset disposals 117 11 -106 Change in fixed deposits -63,145 -83,932 -20,787 Interest received 904 1,328 424
Slide 22: Cashflow statement RATIONAL Group (3/4)
Cashflow statement RATIONAL Group (3/4) 1 January to 30 September | in thousands of euros 9M 2023 9M 2024 YoY Earnings before taxes 205,723 235,120 29,397 Depreciation and amortisation 23,936 27,328 3,392 Other 4,730 -259 -4,989 Net interest -3,970 -8,246 -4,276 Changes in Inventories 2,484 -90 -2,5
Slide 23: Cashflow statement RATIONAL Group (4/4)
Cashflow statement RATIONAL Group (4/4) 1 January to 30 September | in thousands of euros 9M 2023 9M 2024 YoY Capital expenditures in intangible assets and PP&E -23,433 -22,086 1,347 Proceed from asset disposals 155 77 -78 Change in fixed deposits -94,795 -53,721 41,074 Interest received 3,526 8,994
Slide 24: 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