Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — FY 2020/21 Earnings Presentation
22 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Aug 19, 2021
Slide 1: HELLA Investor Update FY 2020/21
HELLA Investor Update FY 2020/21 Lippstadt, August 19, 2021
Slide 2: Disclaimer
HELLA Investor Call Disclaimer ▪ This document was prepared with reasonable care. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be comprehensive and is not intended to be
Slide 3: FY 2020/2021 – Outline
FY 2020/2021 – Outline HELLA Investor Update FY 2020/2021 1. Executive Summary 2. Financial Results 3. Outlook 4. Q&A 3 HELLA Investor Update | FY 2020/2021 | Conference Call, August 19, 2021
Slide 4: Sales increased by 13.3%, adjusted EBIT margin strong at 8.0%
FY 2020/2021 – Executive Summary Sales increased by 13.3%, adjusted EBIT margin strong at 8.0% for FY 2020/2021 Sales ▪ Currency and portfolio adjusted sales increased by 13.3% YoY to 6.5 bill. EUR Profitability ▪ Adj. Gross Profit margin at 24.5% (+0.9%-points YoY) ▪ Adj. EBIT at 510 mill. EUR (+12
Slide 5: Automotive outperforms globally and outgrows the markets
FY 2020/2021 – Executive Summary Automotive outperforms globally and outgrows the markets in Europe and Asia. Performance in Asia accelerating due to growth in China in Q4 FY 18/19 FY 19/20 FY 20/21 FY17/18 FY18/19 FY19/20 FY20/21 HELLA Automotive Worldwide 5,383 5,723 4,919 5,489 HELLA Automotive e
Slide 6: FY 2020/2021 – Outline
FY 2020/2021 – Outline HELLA Investor Update FY 2020/2021 1. Executive Summary 2. Financial Results 3. Outlook 4. Q&A 6 HELLA Investor Update | FY 2020/2021 | Conference Call, August 19, 2021
Slide 7: HELLA with significant sales increase alongside market recovery
FY 2020/21 – Financial Results HELLA with significant sales increase alongside market recovery – challenging environment with significant bottlenecks in the global supply & logistics chains Group Sales in € million FY 19/20 +13.3% FY 20/21 +9.4% 126 90 6,505 5,829 5,739 6,380 Reported Portfolio Curr
Slide 8: Adjusted GPM increased with higher capacity utilization
FY 2020/21 – Financial Results Adjusted GPM increased with higher capacity utilization as well as well as reduced personal cost ratio Adjusted Gross Profit in € million Highlights 1,692 1,749 ▪ Adj. Gross Profit increased by 207 mill. EUR (+15.2%) to 1,563 1,563 mill. EUR +57 1,356 -393 +207 ▪ Autom
Slide 9: Declining R&D expenses with focus on new customer projects
FY 2020/21 – Financial Results Declining R&D expenses with focus on preparation of new customer projects and gradual start of further activities Adjusted R&D expenses in € million Highlights 568 611 620 603 ▪ Adj. absolute R&D expenses decreased by 17 mill. EUR +10 -17 (-2.7% YoY) to 603 mill. EUR +
Slide 10: SG&A costs declining due to continuous cost savings
FY 2020/21 – Financial Results SG&A costs declining due to continuous cost savings and extensive measures which were introduced as reaction to the crisis Adjusted SG&A expenses in € million Highlights 626 614 ▪ Adj. SG&A costs decreased 38 mill. EUR, -7.4% to 483 mill. EUR 522 483 -12 ▪ decrease in
Slide 11: Structural changes and cost measures lead to decreased headcount in Germany
FY 2020/21 – Financial Results Structural changes and cost measures with focus on R&D and admin already led to a decrease of headcount especially in Germany Headcount per functional area Highlights +0.5% ▪ Overall headcount increased slightly by 0.5% 36,311 36,500 1,944 1,877 3,910 3,769 ▪ productio
Slide 12: Adjusted EBIT above prior-year's level with strict cost discipline
FY 2020/21 – Financial Results Adjusted EBIT above prior-year’s level with strict cost discipline and strong top line development Adjusted EBIT in € million Highlights 545 572 ▪ Adjusted EBIT increased by 284 mill. EUR (+125.0%) to 510 mill. 510 +26 EUR ▪ increase in adj. Gross Profit by 207 mill. E
Slide 13: P&L including reconciliation; main adjustments FY2020/21
FY 2020/21 – Financial Results P&L including reconciliation; main adjustment FY2020/21 for improvement program and profit from camera software sale HELLA Group FY 19/20 FY 20/21 Revenues reported 5,829.4 6,379.7 Comments Adjustments -90.2 0.0 Revenues adjusted 5,739.2 6,379.7 ▪ Reported EBIT FY 20/2
Slide 14: Q4 FY 20/21 overall business with strong growth dynamics
FY 2020/21 – Financial Results Q4 FY 20/21 overall business with strong growth dynamics and margin improvements Quarterly comparison Comments Automotive Aftermarket Special Applications ▪ Strong recovery from Corona crises in Automotive as Q4 PY was Q4 FY 19/20* Q4 FY 20/21** Segment massively affec
Slide 15: Adjusted Free Cash Flow positively driven by higher sales
FY 2020/21 – Financial Results Adjusted Free Cash Flow positively driven by higher sales; negative impacted from bottlenecks as well as CAPEX shifts from previous year Adj. FCF from operating activities* in € million Highlights 243 ▪ Adj. Free Cash Flow from operating activities decreased slightly 2
Slide 16: Automotive sales with strong recovery, margin improvement
FY 2020/21 – Financial Results Automotive sales with strong recovery, margin improvement with strict cost management Automotive Sales in € million ▪ Increase of 11.6% with worldwide market recovery +11.6% 5,433 5,766 5,545 ▪ beginning market recovery in Q2, Q3 market recovery especially in 4,968 Chi
Slide 17: Aftermarket and Special Applications with strong recovery in sales
FY 2020/21 – Financial Results Aftermarket and Special Applications with strong recovery in sales, profitability improvements supported by cost management Aftermarket Total sales in € million Adjusted Ebit in € million ▪ Strong sales growth with recovering IAM markets: growth EBIT Margin supported b
Slide 18: FY 2020/2021 – Outline
FY 2020/2021 – Outline HELLA Investor Update FY 2020/2021 1. Executive Summary 2. Financial Results 3. Outlook 4. Q&A 18 HELLA Investor Update | FY 2020/2021 | Conference Call, August 19, 2021
Slide 19: FY 2021/2022 – Market Outlook
FY 2021/2022 – Market Outlook Market recovery dampened due to shortages; insecurities especially with respect to supply chain risks and pandemics development with potential virus mutations Global Light Vehicle Production in million units, IHS per 16 July 2021 YoY Growth +3.7% 15.1% 83.1 86.2 23.0 21
Slide 20: FY 2021/2022 – Company Outlook
FY 2021/2022 – Company Outlook Company outlook reflects market and industry specific insecurities due to further development of pandemic and resource bottlenecks Guidance Fiscal Year 2021/2022 June 1, 2021, to May 31, 2022 Currency and In the range of around ▪ Outlook assumes that there will be no s
Slide 21: FY 2020/2021 – Outline
FY 2020/2021 – Outline HELLA Investor Update FY 2020/2021 1. Executive Summary 2. Financial Results 3. Outlook 4. Q&A 21 HELLA Investor Update | FY 2020/2021 | Conference Call, August 19, 2021
Slide 22: Investor Relations contacts
Dr. Markus Richter Head of Corporate Communications & Investor Relations Dr. Kerstin Dodel, CFA Head of Investor Relations Office phone +49 2941 38 - 1349 Facsimile +49 2941 38 - 471349 Mobile phone +49 174 3343454 E-Mail kerstin.dodel@hella.com Internet www.hella.com
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