Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q3 2022 Earnings Presentation
30 slides from Rosenbauer International's earnings presentation, Nov 15, 2022
Slide 1: Rosenbauer Group Investor & Analyst Presentation Q3 Financial Figures
Rosenbauer Group Investor & Analyst Presentation I Q3 Financial Figures Sebastian Wolf | CEO, CFO November 15, 2022
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. Q3 2022 financial figures 3. 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 INNOVATION LEADER GLOBAL MARKET LEADER INNOVATION LEADER ■ System provider of fire-fighting ■ High R&D expenditures, Rosenbauer equipment and preventive fire Group holds around 220 patents protection ■ Pioneer in sustainability ■ Globally leading producer of technol
Slide 6: Strong demand for Revolutionary Technology (RT) continues
Strong demand for Revolutionary Technology (RT) continues Deliveries worldwide Oslo RT & RTX Vancouver Royal Dutch Air Force Berlin Victoria Brampton Ennepetal, Nörvenich Vienna Deliveries 11 Paris-Orly TU München Tesla GER, Porsche Zuff Basel Los Angeles Navajo Nation Rancho Cucamonga Orders 49 Mia
Slide 7: Revolutionary Technology: Next steps in manufacturing
Revolutionary Technology: Next steps in manufacturing L.A. Fire Department ■ Basic development for placed RTX into service on September 13 Europe finished ■ Optimization in Over 100 calls in the first week. In the first 100 calls the range assembling, reliability, extender only ran for vehicles acou
Slide 8: Business model being challenged
8 Business model being challenged Cost Longer lead times lead to higher cost. External impacts: Delayed deliveries Internal challenges: Incomplete parts lists Rising material prices Production disruptions Rising energy costs Planning time overruns Travel restrictions Low productivity Financing cos
Slide 9: Project “Refocus-Restart” to improve earnings situation in 2023
Project “Refocus-Restart” to improve earnings situation in 2023 The project Refocus-Restart (R&R) was started in August 2022 to improve the earnings 2023 R&R ▪ Short-term efficiency gains ▪ Reduction of vacations and time balances to reduce accruals ▪ Reduced OPEX (less travel, consulting stop, redu
Slide 10: Q3 2022 financial figures
Q3 2022 financial figures
Slide 11: Highlights 1-9/2022
Highlights 1-9/2022 The Rosenbauer Group generates € 651.2 million in revenues in the first nine months 2022 ■ Area CEEU and Area NOMA manage to increase shipments in spite of a tight supply of material ■ Preventive Fire Protection segment records a significantly higher turnover Due to a lower gross
Slide 12: Key financial figures
Key financial figures in € million Q3/2020 Q3/2021 Q3/2022 Change Revenues 713.9 649.5 651.2 +0.3% EBIT 25.4 14.0 -30.5 - EBIT margin 3.6% 2.2% -4.7% - EBT 21.6 9.5 -37.8 - Net profit for the period 17.3 7.6 -21.4* - Cash flow from -39.6 -52.3 -126.5 - operating activities *) Positive tax effect fro
Slide 13: Revenues and EBIT quarterly
Revenues and EBIT quarterly in € million 800 90,0 80,0 700 70,0 60,0 36.8 50,0 600 32.5 40,0 20.0 22.1 30,0 500 9.9 8.9 20,0 4.3 1.1 0.4 3.6 -4.6 -7.3 10,0 400 363.6 0,0 330.3 325.6 -18.6 -10,0 300 255.9 253.0 -20,0 232.9 225.1 241.9 221.5 -30,0 219.9 206.2 201.4 176.7 -40,0 200 -50,0 -60,0 100 -70,
Slide 14: Development of revenues
Development of revenues in € million +0.3% +17.2 -2.8 ■ Rosenbauer Group with € 651.2 649.5 +6.5 651.2 million in revenues after the first -11.9 +9.5 9 months of 2022 ■ Despite persisting supply chain -16.8 issues Area CEEU and Area NOMA manage to increase their shipments ■ The segment Preventive Fi
Slide 15: Development of EBIT
Development of EBIT in € million 14.0 ■ Due to a lower gross profit and increased structural costs (sales and administration) EBIT amounted -11.5 -2.3 -5.3 to € -30.5 million -7.9 ■ Preventive Fire Protection reports a +1.3 „black zero“ -18.8 -30.5 ■ Restructuring measures to improve Q3 2021 CEEU NI
Slide 16: Investments, depreciation
Investments, depreciation Investments, depreciation in € million 15.7 14.7 14.9 13.0 ■ Expansion of production site 12.5 12.6 11.3 11.7 Luckenwalde (Germany) 11.0 9.9 ■ Further roll-out of SAP S4/Hana ■ Measures to improve efficiency of plant I, Leonding (Upper Austria) Q3/2018 Q3/2019 Q3/2020 Q3/20
Slide 17: Statement of financial position – key figures
Statement of financial position – key figures Change Q3/2021 vs. in € million 09/30/2021 12/31/2021 09/30/2022 Q3/2022 Total assets 985.3 891.6 1,078.4 9.5% Equity ratio* 19.6% 23.9% 16.4% - Capital employed (ø) 665.8 610.5 658.0 - ROCE 2.1% 5.7% -4.6% - ROE* 4.7% 13.6% -19.4% - Net debt 381.2 203.6
Slide 18: Trade Working Capital and financing
Trade Working Capital and financing Trade Working Capital Financing in € million in € million 252,0% 1.044,2 240,00% 975,1 1.000,0* 197,1% 190,00% ■ Decline of the Trade 155,7% Working Capital to € 534,3 466.1 million 509,7 140,00% 466,1 444,7* ■ Ratio of advanced 407,3 381,2 payments 17.3% 261,5 19
Slide 19: Cash Conversion Cycle – current status
Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) 199 509,7 182 466,1 74 59 63 46 191 170 19 25 -11% -9% DIO DSO DDO DPO Q3/2021 Q3/2022 CCC TWC * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding – Days Downpayments O
Slide 20: Outlook
i gw =| 1 p= Cc fT] in =| i Outlook
Slide 21: Order intake / backlog
Order intake / backlog Order intake / order backlog Order intake 1-9/2022 by area in € million PFP 1,360.5 3% (3%) APAC 1,223.8 9% (11%) 1,164.8 1,093.6 1,074.4 CEEU 39% (39%) 825.4 789.9 784.1 781.1 € 825.4 NOMA 660.0 28% (26%) million NISA MENA 12% (11%) 9% (10%) 1-9/2018 1-9/2019 1-9/2020 1-9/202
Slide 22: Outlook
Outlook ■ The global economy is experiencing a number of turbulent challenges. Inflation higher than seen in several decades, tightening financial conditions in most regions, Russia´s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Normalization of monetary
Slide 23: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 24: Appendix
Appendix PA
Slide 25: Executive Board and employee figures
Executive Board and employee figures Daniel Tomaschko CTO Production Units | Project & Order Centers | Supply Chain Management I Number of employees (as of reporting date) Quality Management I Preventive Fire Protection | Austria USA Germany RoW Central Technics 30.9.2022 1,631 862 1.008 587 4,088 S
Slide 26: 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 27: 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 28: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2021) Municipal Fire & Safety Equipment ARFF Customer Service Vehicles 76% Aerials Preventive Fire Protection Industrial 3% 4% other revenues Investor Presentation | 28
Slide 29: Rosenbauer share
Rosenbauer share 1-9/2021 1-9/2022 Investor FR 7% Highest price in € 48.8 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 42% attributed to the free float. Closing share price in € 48.8 29.7 Market capita
Slide 30: Financial calendar
Financial calendar February 17, 2023 Publication of the preliminary results 2022 April 7, 2023 Publication of the full-year 2022 financial figures May 9, 2023 Publication of the interim statement Q1 2023 May 17, 2023 31st Annual General Meeting August 11, 2023 Publication of the half-year 2023 finan
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