Rosenbauer International Ag · VIE:ROS
Rosenbauer International — FY2022 Earnings Presentation
40 slides from Rosenbauer International's earnings presentation, Apr 21, 2023
Slide 1: Rosenbauer Group Investor & Analyst Presentation FY 2022
Rosenbauer Group Investor & Analyst Presentation I FY 2022 Financial Figures Sebastian Wolf | CEO April 21, 2023
Slide 2: Disclaimer
Disclaimer This presentation was produced by Rosenbauer International AG (Rosenbauer for short) for informational purposes only. Despite the greatest care taken by Rosenbauer, no guarantee is given for the correctness and completeness of the content. This presentation may not be reproduced, transmit
Slide 3: Agenda
Agenda Agenda 1. Rosenbauer Group at a glance 2. FY 2022 financial figures 3. ESG initiatives and non-financial performance 4. Outlook Q&A Investor Presentation | 3
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity story
Equity story Global market leader ■ System provider of fire-fighting equipment and preventive fire protection ■ Globally leading producer of fire-fighting vehicles ■ 11.6% RB market share (global market volume 2021: ~ 21,000 pcs) Unrivalled worldwide network ■ Present in around 120 countries ■ 9 Pro
Slide 6: Rosenbauer City 2030 – Current focus
“Rosenbauer City 2030” – Current focus Product Leadership Refocus – Restart 2023 Reduction of production costs by value analysis of our products Reductions of production hours > efficiency Sustainability Price negotiations with our suppliers People Centricity Price negotiations with our customers Pr
Slide 7: First stock fire trucks for Europe sold out during manufacturing
First stock fire trucks for Europe sold out during manufacturing ■ Starting point: Supply bottlenecks (e.g. chassis, microchips, cable trees, …) delay the completion and handover of fire trucks ■ For this reason, Rosenbauer has started producing a limited number of highly standardized stock fire tru
Slide 8: Great market response to the RT/X
Great market response to the RT/X Deliveries worldwide Oslo Sept 30, 2022 Aug 31, 2023 Vancouver Royal Dutch Air Force Berlin Victoria Brampton Ennepetal, Nörvenich Vienna Deliveries 11 26 Paris-Orly TU München Tesla GER, Porsche Zuff Basel Los Angeles Navajo Nation Rancho Cucamonga Orders 49 63 Mia
Slide 9: RDS Plug-In Tracker and mobile app complement Connected Command portfolio
RDS Plug-In Tracker 100 and mobile app complement Connected Command portfolio CONNECTED WILDFIRE CONNECTED COMMAND SERVICE FLEET Operations management system Wildfire management system Fleet management system System for professional fire brigades and Risk assessment, Early detection Vehicle analysis
Slide 10: Cyber attack on Rosenbauer Group
Cyber attack on Rosenbauer Group ■ February 21 – 23, cyber-attack launched by Lockbit hacker group ■ Externally hosted firewall of an subsidiary as entry point ■ Non-substantial data copied, server landscape partially encrypted ■ Immediate shut-down of IT infrastructure to limit damage, impedes inte
Slide 11: FY 2022 financial figures
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Slide 12: Highlights 2022
Highlights 2022 In spite of supply chain disruptions the Rosenbauer Group generates € 972.2 million in revenues, which is at the level of the previous year ■ Multiple crises (COVID-19, war in Ukraine, energy) on an international level lead to supply bottlenecks and partially massive increases of mat
Slide 13: Key financial figures
Key financial figures in € million 2020 2021 adjusted 2022 Change Revenues 1,044.2 975.1 972.2 -0.3% EBIT 57.7 35.0 -10.6 - EBIT margin 5.5% 3.6% -1.1% - EBT 51.3 28.9 -30.2 - Net profit for the period 41.0 23.2 -22.3 - Cash flow from 96.4 143.0 -2.3 - operating activities Investor Presentation | 13
Slide 14: EBIT variance 2022 vs. 2021
EBIT variance 2022 vs. 2021 Revenues an EBIT 2021 Revenues and EBIT 2022 EBIT variance 2022 vs. 2021 in € million in € million in € million 1200 1200 2 1000 1000 800 326 800 321 -3 -2,0 600 600 201 222 -8 400 400 242 253 -13 -10,9 200 200 -13,5 206 8,9 3,6 22,1 177 20,0 -18 0 0 -19,0 0,4 -18,6 -4,6
Slide 15: Development of revenues
Development of revenues in € million -0.3% +31.4 +5.2 975.1 +2.0 972.2 -33.5 -7.2 -0.8 ■ Rosenbauer Group 2022 with € 972.2 million in revenues, which is at the level of the previous year ■ Despite persisting supply chain issues CEEU area and NISA area manage to increase their shipments ■ The segmen
Slide 16: Development of EBIT
Development of EBIT in € million 35.0 -9.1 -4.9 ■ Due to a lower gross profit and increased structural costs (sales -9.7 and administration) EBIT amounted -3.8 to € -10.6 million +0.4 ■ Operational result clearly reflects -18.5 manufacturing disruptions and 10.6 considerable reworking 2021 CEEU NISA
Slide 17: Investments, depreciation and R&D expenses
Investments, depreciation and R&D expenses Investments, depreciation R&D expenses, R&D expenses as a percentage in € million 40,0 of revenue 36,1 6,0% 35,0 35,0 in € million / % 5,5% 5,0% 30,0 4,5% 28,2 4,9% 24,3 4,0% 25,0 20,2 19,9 3,5% 20,4 20,5 3,8% 18,7 17,7 17,0 18,2 20,0 3,0% 16,7 16,9 15,2 15
Slide 18: Statement of financial position – key figures
Statement of financial position – key figures Change in € million 2020 2021 2022 2021 vs. 2022 Total assets 911.2 891.6 973.6 9.2% Equity ratio 24.9% 23.6% 19.1% - Capital employed (ø) 653.8 610.5 590.4 - ROCE 8.8% 5.7% -1.8% - ROE 21.3% 13.6% -15.2% - Net debt 289.3 203.6 319.9 57.1% Gearing ratio
Slide 19: Structure of the statement of financial position
Structure of the statement of financial position in € million 973,6 973,6 * 911,2 911,2 * 891,6 891,6 246,3 Provisions 231,9 Liabilities and Non-current assets 247,4 431,2 374,9 other debt 411,5 236,5 Receivables and 262,0 262 other assets 227,2 186,2 210,4 Equity 490,8 Inventories 407,8 417,3 356,2
Slide 20: Trade Working Capital and Financing
Trade Working Capital and Financing Trade Working Capital Financing in € million in € million 300,00% 1.044,2 975,1 972,2 250,00% 200,00% ■ Increase of the Trade 171,8% Working Capital to € 150,00% 368.0 million 127,4% 421,1 96,8% ■ Ratio of advanced 345,4 368,0 payments 20% 289,3 319,9 100,00% 227,
Slide 21: Cash Conversion Cycle – current status
Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) 184 368 345,4 153 72 49 55 49 129 138 24 30 7% 7% DIO DSO DDO DPO 2021 2022 CCC TWC Investor Presentation | 21 * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding – Day
Slide 22: ESG initiatives and non-financial performance
ESG initiatives and non-financial performance
Slide 23: ESG profile
ESG profile Performance Responsibility Development Impact Our customers, fire brigades A comprehensive Assembler with a conscious CDP rating B- around the globe, are the sustainability strategy consumption of natural first line in dealing with the fostering the UN Sustainable resources VÖNIX rating
Slide 24: Climate targets & Corporate Carbon Footprint
Climate targets & Corporate Carbon Footprint (Reference year: 2019) Upstream Activities Corporate Activities Downstream Activities Der CCF according to the SBTi enables science-based emission Upstream Scope 3 Scope 1 & 2 Downstream Scope 3 reduction targets that are in line with the Paris climate ta
Slide 25: Schematic process EU-Taxonomy
Schematic process EU-Taxonomy By re-evaluating the economic activities of the EU taxonomy, 73.6% of the turnover, 25.02% of the CapEx and 100% of the OpEx according to the definition of the EU taxonomy could be identified as eligible for taxonomy reporting purposes. taxonomy eligible taxonomy aligne
Slide 26: EU-Taxonomy – Turnover & OpEx 2022
EU-Taxonomy – Turnover & OpEx 2022 Turnover 2022 2022 Inclusion of group-wide vehicle turnover for EU 26.4% taxonomy activity „3.3 Manufacture of low carbon not taxonomy technologies for transport“ due to peer-group eligible comparison and EU Commission FAQs (only European vehicle sales in 2021) 73.
Slide 27: EU-Taxonomy – CapEx 2022
EU-Taxonomy – CapEx 2022 CapEx 2022 Screening of the CapEx-projects per location and assignment to the identified EU taxonomy activities 25.02% Principal activity: 0.08% taxonomy taxonomy eligible 3.3 Manufacture of low carbon technologies for transport aligned 24.94% Auxillary activities: not taxon
Slide 28: Sustainability goals and measures: achievement status 2022
Sustainability goals and measures: achievement status 2022 Action Areas Responsible Employer Environmentally Sustainable Products Business Ethics & friendly Production and Services Supply Chain Workplace accidents per 1 million working hours Share of green electricity Offer at least one electric Ini
Slide 29: Outlook
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Slide 30: Order intake / Order backlog
Order intake / Order backlog Order intake/Order backlog Order intake 2022 by area 1.469,7 PFP 3% (3%) APAC 1.230,0 10% (11%) 1.149,5 1.145,2 1.107,7 1.052,3 1.073,0 1.072,1 1.064,3 CEEU 1.007,7 35% (38%) NOMA 1.230,0 Mio € 32% (27%) NISA MENA 10% (11%) 10% (10%) 2018 2019 2020 2021 2022 Order intake
Slide 31: Area Reorganization since January 1, 2023
Area Reorganization since January 1, 2023 The NISA area has been Aera Reorganization dissolved and integrated since January 1, 2023 into the newly formed sales regions Europe, Americas and Middle East & Africa. ■ Heterogeneous country portfolio (76 individual markets) ■ Most important countries: UK,
Slide 32: Outlook 2023
Outlook 2023 ■ The IMF recently lowered its growth forecast for the global economy by 0.1 percentage points compared to January. Accordingly, global growth is expected to be 2.8% in 2023 (2022: +3.4%) settling at 3.0% five years out. In parallel global inflation is set to fall from 8.7% to 7.0% on t
Slide 33: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 34: Appendix
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Slide 35: Executive Board and employee figures
Executive Board and employee figures Andreas Zeller CSO CEEU I Area NISA I Area APAC I Area NOMA I Area MENA I Customer Service & Digital Solutions I Sales Number of employees (as of reporting date) Administration Austria USA Germany RoW Sebastian Wolf CEO 31.12.2022 1.646 899 1.003 530 4,078 Global
Slide 36: Perspective 2030: Selected megatrends driving the firefighting industry
Perspective 2030: Selected megatrends driving the firefighting industry CLIMATE CHANGE DIGITALIZATION SOCIAL CHANGE ■ Global warming ■ USD 1.8 trillion will be invested ■ 80 years is currently the average in digitalization worldwide in 2022 life expectancy in countries with ■ 820 natural disasters h
Slide 37: Worldwide network of production, service and sales locations
Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Asten Graz ASIA/ Telfs AUSTRALIA FRANCE Chambéry CHINA Meyzieu AMERICA Kunming GERMANY Lyons, South Dakota SINGAPORE Karlsruhe Fremont, Nebraska SINGAPORE Luckenwalde Wyoming, Minnesota PHILIPPINES Mogendor
Slide 38: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2022) Municipal Fire & Safety Equipment 39% ARFF Customer Service Vehicles 11% 74% 17% Aerials Preventive Fire Protection 7% 10% Industrial 3% 10% 3% other revenues Investor Presentation | 38
Slide 39: Rosenbauer share
Rosenbauer share 2021 2022 Investor FR 6% Highest price in € 58.8 48.6 BVG2) 51% Lowest price in € 36.2 28.9 2) Rosenbauer Beteiligungsverwaltung GmbH Free float3) 3) The non-voting right registered shares are 43% attributed to the free float. Closing share price in € 46.4 30.1 Market capitalization
Slide 40: Financial calendar
Financial calendar Tiemon Kiesenhofer April 21, 2023 Publication of the full-year 2022 financial figures Head of Investor Relations +43 (0)732 6794-568 May 9, 2023 Publication of the interim statement Q1 2023 Ulrike Kogler June 2, 2023 31st Annual General Meeting Investor Relations Manager +43 (0)73
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