Slide 1: FUCHS Group Financial Results 9M 2023
FUCHS GROUP Financial Results 9M 2023 | Analyst’s Conference, 27th October 2023 | Isabelle Adelt, CFO
Slide 2: Highlights 9M 2023
HIGHLIGHTS 9M 2023 9M RESULTS DRIVEN BY STRONG THIRD QUARTER 9M 2023 Outlook for €2,698 mn Sales development strongly FCF bef. acq. raised Sales up 6% yoy price-driven Sales: ~ €3.6 bn Implemented price increases from €313 mn 2022 drive 9M 2023 EBIT EBIT: ~ €390 mn EBIT up 12% yoy FVA: abo
Slide 3: Sales Development
SALES DEVELOPMENT 2,542 6% 2,698 € mn 936 902 886 876 870 832 808 742 714 718 697 Q1 '21 Q2 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 l3
Slide 4: EBIT Development
EBIT DEVELOPMENT 280 12% 313 € mn 113 101 100 103 97 90 93 88 87 85 84 Q1 '21 Q2 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 l4
Slide 5: 9M 2023 Group Sales
9M 2023 GROUP SALES € mn 272 - -116 (11%) (-) (-5%) 156 (6%) l5
Slide 6: 9M 2023 KPI Summary
9M 2023 KPI SUMMARY KPI in € mn 9M 2023 9M 2022 Sales price-driven up 6% Sales 2,698 2,542 Gross profit up 8% by compensation of sig. cost inflation through Cost of sales -1,836 -1,744 higher selling prices in 2022, accordingly margin of 31.9% 0.5%- Gross profit 862 798 pts. higher yoy Other fun
Slide 7: Europe, Middle East, Africa
EUROPE, MIDDLE EAST, AFRICA Sales price-driven 4% up KPI in € mn 9M 2023 9M 2022 Almost all entities with double-digit growth rates; particularly Sales 1,566 1,511 high absolute and relative increases in Great Britain, Poland, Organic growth 91 (6%) 225 (17%) France and Italy External growth - 2
Slide 8: Asia-Pacific
ASIA-PACIFIC KPI in € mn 9M 2023 9M 2022 Sales 738 706 Sales up 5% driven by prices despite negative currency effects Organic growth 90 (13%) 17 (3%) Australia and South-East Asia showing strong increases, thanks External growth - - to positive business development and price increases FX effects
Slide 9: North and South America
NORTH AND SOUTH AMERICA KPI in € mn 9M 2023 9M 2022 Sales up 9% due to price increases and positive business development Sales 523 482 High negative currency effects mainly from Argentina, but also Organic growth 63 (13%) 86 (25%) from North America as a result of the weakening of the dollar Ext
Slide 10: Net Liquidity
NET LIQUIDITY € mn Free cash flow before acq. €330 mn l 10
Slide 11: Net Operating Working Capital (NOWC)
NET OPERATING WORKING CAPITAL (NOWC) Q4 22 vs Q3 23: Inventories - €80 mn Rec. ./. Liab. + €19 mn € mn 965 900 845 871 853 245 810 748 191 236 271 671 260 720 255 576 215 543 164 654 635 629 Rec. ./. Liab.* 495 593 166 533 555 Inventories 162 507 NOWC (in %) 136 410 381 359 26,7% 25,4% 25,0% 24,1% 2
Slide 12: 2023 Outlook Marking a Step Towards EBIT Target 2025
2023 OUTLOOK MARKING A STEP TOWARDS EBIT TARGET 2025 STRIVING FOR ALL-TIME HIGHS IN SALES, EBIT AND FCF BEF. ACQUISITIONS March, 8th July, 28th October, 27th 2022 2023 2023 2023 KPI* in € mn Sales 3,412 ~ 3,600 ~ 3,600 ~ 3,600 Sales growth mainly price-driven Strict cost management vs. cost inflatio
Slide 13: Different Price Developments for Raw Material Basket
DIFFERENT PRICE DEVELOPMENTS FOR RAW MAT. BASKET 200% Market Development Q3 180% Base oil group I and II bottomed and reversed in all regions Base oil group III observed a downward trend after being 160% elevated due to market tightness over the last months Price reductions for additive packag
Slide 14: Financial Calendar & Contact
FINANCIAL CALENDAR & CONTACT Financial Calendar 2024 Investor Relations Contact FUCHS SE March 12, 2024 Annual Report 2023 Einsteinstr. 11 April 30, 2024 Quarterly Statement Q1 2024 68169 Mannheim Phone: +49 (0) 621 3802-1105 May 8, 2024 Annual General Meeting www.fuchs.com/group/investor-relations
Slide 15: Q&A
FUCHS GROUP Financial Results 9M 2023 |Q &A
Slide 16: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man