Bekaert Sa · EURONEXT:BEKB
Bekaert Sa — Q3 2023 Earnings Presentation
14 slides from Bekaert Sa's earnings presentation, Nov 17, 2023
Slide 1: Strategic Progress Continues
Strategic Progress Continues Q3 Trading Update and Outlook 17 November 2023
Slide 2: Safe harbor
Safe harbor This presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results
Slide 3: Agenda
Agenda 1 Introduction and highlights Yves Kerstens, CEO Financial review 2 Taoufiq Boussaid, CFO Yves Kerstens CEO 3 Outlook Yves Kerstens, CEO 4 Q&A Taoufiq Boussaid CFO 3 Bekaert Q3 2023 Trading Update
Slide 4: Introduction and highlights
Introduction and highlights 4 Bekaert Q3 2023 Trading Update
Slide 5: Resilient performance in challenging markets
Resilient performance in challenging markets Resilient performance in 9M 2023, despite many end markets remaining challenging − Headwinds as anticipated Business resilience demonstrating benefits from strategic transformation − Pricing discipline − Business selection − Cost focus − Margin maintenanc
Slide 6: Strategic developments in Q3 2023
Strategic developments in Q3 2023 Toshiba partnership Production ramp up on track Digital Ropes Services Combining technology to launch a joint Commercialization continues at pace Partnership to deliver integrated service Membrane Electrode Assembly with high customer interest offerings for mine hoi
Slide 7: Financial review
Financial review 7 Bekaert Q3 2023 Trading Update
Slide 8: Consolidated sales bridge 9 months 2023
Consolidated sales bridge 9 months 2023 Successful focus on price and mix optimization partially offsetting lower volumes and the phasing out of previous wire rod price increases and energy surcharges Consolidated Sales (in millions of €) 3 843 c110 c180 3 355 c350 c150 Sales 9M 2022 Currency Volume
Slide 9: Consolidated sales 9 months 2023
Consolidated sales 9 months 2023 Robust trading performance despite challenging end markets Consolidated Sales(1) Variance (%) (in millions of €) Price-mix + Volume = Organic + FX = Growth 3,843 3,355 -4.6 -2.9 -5.2 -13% -9.8 -12.7 1,697 1.3 1,467 -3.8 Rubber Reinforcement -14% -11.0 -9.7 -13.5 1,09
Slide 10: Outlook
Outlook 10 Bekaert Q3 2023 Trading Update
Slide 11: Outlook
Outlook FY 2023, approximately: Sales EBITu margin Strong cash c€4.3bn c8.5 – 8.7% performance FY 2024: − Challenging demand environment to continue in most regions into Q1 2024 − Strategy continues to strengthen business fundamentals and resilience − Growth platforms in place − Further margin and c
Slide 12: Capital Markets Day December 2023 - London
Capital Markets Day 7 December 2023 - London investor.relations@bekaert.com Bekaert Q3 2023 Trading Update 12
Slide 13: Q&A
Q&A Bekaert Q3 2023 Trading Update 13
Slide 14: Bekaert
= Bekaert