Slide 1: Financial Results Q1 2021
FUCHS GROUP Financial Results Q1 2021 | Analyst’s Conference, 29th April 2021 | Dagmar Steinert, CFO
Slide 2: Highlights Q1 2021
Highlights Q1 2021 Strong start into 2021 Q1 2021 Outlook FY 2021 raised €697 mn ▪ Sales growth mainly driven by Stronger than expected recovery especially in China and the US Sales up 13 % yoy record quarter from automotive industry in China ▪ Sales: €2.7 - €2.8 bn ▪ EBIT positively impacted from (
Slide 3: Sales development
Sales development € mn 13% YoY 697 643 653 656 638 620 616 620 504 Q1 '19 Q2 Q3 Q4 Q1 '20 Q2 Q3 Q4 Q1 '21 l3
Slide 4: EBIT development
EBIT development € mn 40% YoY 110 101 (92) 91 89 77 80 75 72 40 Q1 '19 Q2 Q3 Q4 Q1 '20 Q2 Q3 Q4 Q1 '21 l4
Slide 5: Q1 2021 Group sales
Q1 2021 Group sales € mn 92 8 -19 (15%) (1%) (-3%) 697 616 81 (13%) Q1 2020 Organic Growth External Growth FX Q1 2021 l5
Slide 6: Income Statement Q1 2021
Income Statement Q1 2020 € mn Q1 2021 Q1 2020 Δ € mn Δ in % Sales 697 616 81 13 Gross Profit 255 218 37 17 Gross Profit margin 36.6 % 35.4 % - +1.2 %-points Other function costs -156 -148 -8 5 EBIT before at Equity 99 70 29 41 At Equity 2 2 0 0 EBIT 101 72 29 40 Earnings after tax 71 51 20 39 l6
Slide 7: Net operating working capital (NOWC)
Net operating working capital (NOWC) 23.4% 750 22.3% 23.0% 700 21.8% 650 21.0% 20.1% 600 576 19.4% 546 561 550 543 19.0% 495 500 17.0% 450 400 81 85 80 71 73 15.0% 350 300 13.0% 2017 2018 2019 2020 Q1 2021 NOWC (in € mn) NOWC (in %)* NOWC (in days)* * In relation to the annualized sales revenues of
Slide 8: Q1 2021 earnings summary
Q1 2021 earnings summary KPI in € mn Q1 2021 Q1 2020 ▪ Sales growth strongly driven by record quarter from China and Sales 697 616 advance purchasing effects in view of anticipated price increases Cost of sales -442 -398 ▪ Gross profit margin of 36.6% up 1.2 %-points yoy but 0.9 %-points qoq due to
Slide 9: Europe, Middle East, Africa
Europe, Middle East, Africa ▪ Sales up € 18 million on prior-year quarter, which was still largely KPI in € mn Q1 2021 Q1 2020 unaffected by COVID-19 pandemic Sales 419 401 ▪ Germany amongst others benefitting from high Group deliveries to China Organic growth 24 (6%) 2 (0%) ▪ All major countries wi
Slide 10: Asia-Pacific
Asia-Pacific KPI in € mn Q1 2021 Q1 2020 ▪ Record quarter for Asia-Pacific. Sales up 46% yoy, but previous year was heavily impacted by COVID-19 pandemic Sales 213 146 ▪ China with highest quarterly sales in company’s history thanks to Organic growth 67 (46%) -28 (-16%) high sales from automotive se
Slide 11: North and South America
North and South America KPI in € mn Q1 2021 Q1 2020 ▪ Organic growth in South America, North America up yoy despite Sales 111 110 cold spell with supply bottlenecks Organic growth 6 (6%) -6 (-6%) ▪ External growth of € 8 million due to the acquisition of two specialty lubricant manufacturers in the
Slide 12: Significant raw material price increases weighing on FY margins
Significant raw material price increases weighing on FY margins European Base Oil Price USGC Base Oil Price Asia Base Oil Price Development Development Development 200% 260% 200% 180% 180% 220% 160% 160% 180% 140% 140% 140% 120% 120% 100% 100% 100% Jan. 21 Feb. 21 Mar. 21 Jan. 21 Feb. 21 Mar. 21 Jan
Slide 13: Outlook FY 2021 (1)
Outlook FY 2021 (1) Strong demand across all regions vs. raw material price increases and stressed supply chains March, 9th April, 29th KPI* in € mn Act. 2020 FC 2021 FC 2021 Sales 2,378 2019 level €2.7 - 2.8 bn Strong demand and price increases Higher sales vs. sig. higher raw material EBIT 313 202
Slide 14: Outlook FY 2021 (2)
Outlook FY 2021 (2) 201 ▪ Operational recovery from H2 2020 expected to continue into 2021 EBIT in € mn 112 ▪ However, the current strong demand of key customer groups as the auto industry can partially be attributed to advance purchases in anticipation of higher prices ▪ After raw material price ta
Slide 15: Financial Calendar & Contact
Financial Calendar & Contact Financial Calendar Investor Relations Contact May 4, 2021 Virtual Annual General Meeting FUCHS PETROLUB SE Friesenheimer Str. 17 July 30, 2021 Half-year financial report 2021 68169 Mannheim Phone: +49 (0) 621 3802-1105 www.fuchs.com/group/investor-relations October 29, 2
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