Zumtobel Group Ag · VIE:ZAG
Zumtobel — Q1-Q3 2021/22 Earnings Presentation
22 slides from Zumtobel's earnings presentation, Mar 8, 2022
Slide 1: Q1-Q3 2021/22 Management Presentation
Q1-Q3 2021/22 Management Presentation 8 March 2022 Creator: Alina Banta - Luzestudio
Slide 2: Disclaimer
Disclaimer The facts and information contained herein constitute forward -looking statements as of the date they were made and based upon assumptions as to future events or circumstances that may not prove to be complete or accurate. By their nature, these statem ents involve risk and uncertainty be
Slide 3: Q3 2021/22 highlights
PNN National Museum, Norway Q3 2021/22 DRFG ARENA (Rondo), Czech Republic highlights 3 Yulin Sports Center, China Al Suhub Rest Area, UAE
Slide 4: Q1-Q3 2021/22 financial highlights
Q1-Q3 2021/22 financial highlights: Group revenues, EBIT and net profit significantly higher than previous year • Group revenues increase to EUR 846.6 mn (PY: EUR 759.2 mn) − Lighting Segment revenues at EUR 624.5 mn (plus 8.2%) − Components Segment EUR 265.9 mn (plus 21.3%) − Strong revenue contrib
Slide 5: Lighting Segment – Revenue and EBIT development
Strong g rowth in Q3 revenues, more than fivefold increase in EBIT Lighting Segment – Revenue and EBIT development LIGHTING SEGMENT REVENUES EBIT 12.0% 1.8% 11.5% 7.5% 8.1% (fx-adj. 11.4%) (fx-adj. 0.4%) (fx-adj. 9.3%) 5.8% 5.3% 1.2% 3.1% 4.0% 212.4 208.1 217.1 204.4 204.0 189.7 188.1 183.0 15.9 16.
Slide 6: Components Segment – Revenue and EBIT development
Q 3 r e v e n u e s s i g n i f i c a n t l y a b o v e p r i o r y e a r, E B I T n e a r l y d o u b l e d Components Segment – Revenue and EBIT development COMPONENTS SEGMENT REVENUES EBIT 14.0% 12.6% 26.1% 15.0% 22.8% (fx-adj. 26.5%) (fx-adj. 13.5%) (fx-adj. 22.4%) 9.3% 9.2% 8.1% 92.2 90.3 5.2%
Slide 7: Zumtobel Group – Revenue and EBIT development
Q 3 r e v e n u e s w e l l a b o v e p r i o r y e a r, E B I T n e a r l y q u a d r u p l e d Zumtobel Group – Revenue and EBIT development ZUMTOBEL GROUP REVENUES EBIT 15.4% 5.1% 14.6% 6.9% 6.0% 6.2% (fx-adj. 15.1%) (fx-adj. 3.6%) (fx-adj. 12.8%) 5.4% 1.8% 5.6% 289.3 285.3 2.8% 264.6 278.0 279.2
Slide 8: Zumtobel Group – EBIT Bridge
Q1-Q3 2021/22: str ong impr ovement in g r oss pr ofit leads to a significant increase in EBIT Zumtobel Group – EBIT Bridge Higher net sales of ~EUR 87.4 mn Selling and administration support increase in gross profit expenses higher, above all due to the absence of short-time work 43.0 0.4 52.2 -17.
Slide 9: Zumtobel Group – Income statement
Strong EBIT and net profit in Q1-Q3 2021/22 Zumtobel Group – Income statement in EUR mn Q1-Q3 2021/22 Q1-Q3 2020/21 Change in % Revenues 846.6 759.2 11.5 Cost of goods sold -562.4 -518.0 8.6 Gross profit (incl. development) 284.2 241.1 17.8 as a % of revenues 33.6 31.8 SG&A expenses -231.9 -213.4 8.
Slide 10: Strong cash flow from operating results of EUR 94.6 mn
Strong cash flow from operating results of EUR 94.6 mn Zumtobel Group – Cash Flow Statement in EUR mn Q1-Q3 2021/22 Q1-Q3 2020/21 Change in working capital: Cash flow from operating results 94.6 81.4 • Development of working capital was heavily Change in working capital -39.5 1.3 influenced by raw m
Slide 11: Solid balance sheet: debt coverage ratio at 0.89
Solid balance sheet: debt cover a ge r atio at 0.89 Zumtobel Group – Key balance sheet data Solid liquidity position backed by: in EUR mn 31 January 2022 30 April 2021 • Consortium credit agreement with a term ending in December 2026 and a Total assets 1,006.3 977.7 volume of EUR 125 mn (including i
Slide 12: Significant year-on-year improvement in Q3 sales
Significant year -on-year impr ovement in Q3 sales Zumtobel Group – Sales development by Quarter vs PY Period in % 15.4 14.6 9.6 3.4 1.8 5.1 1.1 -0.5 -1.7 -2.6 -5.3 -7.3 -7.6 -8.8 -10.1 -12.7 -12.7 -13.9 -15.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2017/18 2018/19 2019/20 2020/21 2
Slide 13: Zumtobel Group – Regional revenue distribution
Group revenues increase by 11.5% to EUR 846.6 mn in Q1-Q3 2021/22 Zumtobel Group – Regional revenue distribution Change in % in EUR mn Q3 2021/22 Change in % Q1-Q3 2021/22 nominal FX adjusted D/A/CH 86.9 9.8 265.8 3.8 3.7 Northern and Western Europe 68.6 14.7 209.0 14.5 10.4 Southern and Eastern Eur
Slide 14: How the situation in the Ukraine conflict affects Zumtobel Group
How the situation in the Ukraine conflict affects Zumtobel Group Short-term implications Possible long-term implications Sales contribution: • Higher prices and market availability/scarcity due to missing quantities from Ukraine and Russia • The direct risk to Group revenues from sales in Russia and
Slide 15: Zumtobel Group confirms outlook
Zumtobel Group confirms outlook Revenue increase of 4 – 7% EBIT margin increase to 4 – 5% Hold working capital between 14.5 – 15.5% (previous guidance: 14 – 14.5%) (of rolling 12-month revenues) CAPEX spending at a healthy level between EUR 50 mn – EUR 55 mn Q1-Q3 2021/22 results 15
Slide 16: Back-up
Back-up i ZUMTOBEL Group
Slide 17: Raw material market prices remain at high level
Raw material mar ket prices r emain at high level Copper USD / to Steel HDG EUR / to Aluminium alloy USD / to 12,000 1400 3,500 1200 3,000 10,000 1000 2,500 8,000 800 2,000 + 44 % + 75 % 6,000 600 1,500 + 95 % 4,000 400 1,000 Resin PC EUR / to 40ft Container USD Resin PMMA EUR / to CN-EU port2port 5
Slide 18: Financial Calendar
Financial Calendar Date Subject Period 1 July 2022 Annual Results 2021/22 (1 May 2021 – 30 April 2022) 19 July 2022 Record Date for the Annual General Meeting 29 July 2022 46th Annual General Meeting 2 August 2022 Ex-Dividend Day 3 August 2022 Record Date Dividend 5 August 2022 Dividend Payout Day 6
Slide 19: Zumtobel Group – Working capital
Higher tur nover and material shor ta ge lead to incr ease in wor king capital Zumtobel Group – Working capital 17.6% 17.3% 17.1% 16.2% 16.2% 16.3% 15.1% 15.0% 15.0% 14.6% 12.3% • Working capital at EUR 194.0 mn as of 31 January 2022 (30 April 2021: EUR 152.5 mn) • In % of rolling 12-month revenues,
Slide 20: Supplementary data for segment reporting
Supplementar y data for segment repor ting Zumtobel Group Lighting Segment Components Segment Reconciliation Group Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 in EUR mn 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 Net revenues 624.5 577.0 265.9 219.2 -43.8 -37.0 846.6 759.2 Ex
Slide 21: Five-Year Overview
F i v e - Ye a r O v e r v i e w Zumtobel Group in EUR mn 2020/21 2019/20 2018/19 2017/18 2016/17 Revenues 1,044.5 1,131.3 1,162.0 1,196.5 1,303.9 EBIT 43.4 35.1 2.7 -7.3 45.8 as a % of revenues 4.2 3.1 0.2 -0.6 3.5 Net profit/loss for the period 45.6 14.5 -15.2 -46.7 25.2 as a % of revenues 4.4 1.3
Slide 22: Thank you
Thank you ZUMTOBEL GROUP AG Investor Relations Tel.: +43 (5572) 509-1125 investorrelations@zumtobelgroup.com www.zumtobelgroup.com 22