Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — Investor Day (September 2024)
39 slides from Vossloh Aktiengesellschaft's investor day presentation, Sep 27, 2024
Slide 1: Shaping the Future of Rail Infrastructure
SHAPING THE FUTURE OF RAIL INFRASTRUCTURE INVESTORS AND ANALYSTS MEETING AT INNOTRANS BERLIN, SEPTEMBER 27, 2024
Slide 2: Disclaimer
DISCLAIMER NOTE This presentation contains statements concerning the future business performance of the Vossloh Group that are based on assumptions and estimates from the Company management. If the assumptions that the projections are based on fail to occur, the actual results of the projected state
Slide 3: Rail Tracks with Maximum Availability for a Better World
RAIL TRACKS WITH MAXIMUM AVAILABILITY FOR A BETTER WORLD
Slide 4: Global Megatrends Boost the Railroads
GLOBAL MEGATRENDS BOOST THE RAILROADS MEGATRENDS ACCELERATE THE IMPORTANCE OF SUSTAINABLE MOBILITY TO ACHIEVE CLIMATE TARGETS Political momentum for transport decarbonization Population growth COP 21, Paris 2015 7.0 bn 8.1 bn Nearly 200 Nations committed to limit warming to below 2°C, aiming for 1.5
Slide 5: Decarbonization Is the Key to Limiting Global Warming
DECARBONIZATION IS THE KEY TO LIMITING GLOBAL WARMING TRANSPORT WITH HIGHER CO2 EMISSIONS THAN IN 1990 CO2-emissions development Share CO2-emissions transport sector Significant advantages since 1990 (in the EU) of total CO2-emissions (in the EU) of rail-based mobility Lower +25 % CO2 emissions 71 %
Slide 6: The Role of Railways in Creating a Sustainable World
THE ROLE OF RAILWAYS IN CREATING A SUSTAINABLE WORLD SIGNIFICANT ADVANTAGES OF RAIL-BASED MOBILITY Lower Total external costs in the EU at around €1 trillion CO2 emissions 44 % environmental costs High 29 % accident costs land use efficiency 27 % congestion costs €820 bn road… Improved air quality E
Slide 7: The Urgent Need to Revitalize Rail Infrastructure
THE URGENT NEED TO REVITALIZE RAIL INFRASTRUCTURE… …IS WELL DOCUMENTED AFTER DECADES OF NEGLECTING AND A HIGH LEVEL OF UNDERINVESTMENT Germany United States “We are suffering tremendously because the infrastructure is far too old…about 80 “Amtrak’s backlog of repairs accumulated over the years…Acros
Slide 8: Rail and the Political Momentum of Decarbonization
RAIL AND THE POLITICAL MOMENTUM OF DECARBONIZATION HIGH VISIBILITY FOR VOSSLOH IN THE COMING DECADES Italy €25 billion China Germany EU Recovery and Resilience Facility +50,000 km ~€86 billion Expansion of the entire rail "Starke Schiene" & „Leistungs- €1.5 billion network und Finanzierungsvereinbar
Slide 9: Flagship Rail Infrastructure Projects Underway Globally
RAIL AND THE POLITICAL MOMENTUM OF DECARBONIZATION FLAGSHIP RAIL INFRASTRUCTURE PROJECTS UNDERWAY GLOBALLY Plan d’avenir pour les Brightline West High Speed Rail Baltica General modernization High Speed 2 (HS2) transports Los Angeles – Las Vegas Baltic states - Europe Across France Largest Infra Pro
Slide 10: Vossloh Is Perfectly Positioned to Make Use of the Trends
VOSSLOH IS PERFECTLY POSITIONED TO MAKE USE OF THE TRENDS RENAISSANCE OF THE RAILWAY POINTS TOWARDS BRILLIANT PROSPECTS FOR VOSSLOH Shift to Rail Global megatrends provide strong tailwind in the coming decades D OUR Unique position Sustainability favors clean modes RL Unique comprehensive portfolio
Slide 11: Connecting the Real and the Digital World in Rail Infrastructure
VOSSLOH IS PERFECTLY POSITIONED TO MAKE USE OF THE TRENDS VOSSLOH CONNECTING THE REAL AND THE DIGITAL WORLD IN RAIL INFRASTRUCTURE We are manufacturer We are maintainers We are digital Comprehensive hardware portfolio covering all applications. Broad portfolio of track supply (welding and Smart offe
Slide 12: Focusing on Key Initiatives to Boost Our Leadership
FOCUSING ON KEY INITIATIVES TO BOOST OUR LEADERSHIP ADVANCING VOSSLOH’S COMPETITIVE ADVANTAGE IN A RAPIDLY EVOLVING MARKETMARKET CHANGING REQUIREMENTS MARKET CONSOLIDATION BY CUSTOMERS SUSTAINABILITY SCARCITY OF QUALIFIED WORKFORCE Solution provider Digitalization Usage of AI Employer Branding Susta
Slide 13: Shaping a Sustainable Future
SHAPING A SUSTAINABLE FUTURE TURNING VISION INTO ACTION: OUR PATH TO SUSTAINABILITY Our Playing Field in Sustainability How Vossloh “Walks the Talk” Active Increased Societal ESG KPIS and Sustainability Push Towards Strategy Awareness about Reduced Emissions Targets Sustainability Management and Ene
Slide 14: Driving Growth Through Strategic Acquisitions
DRIVING GROWTH THROUGH STRATEGIC ACQUISITIONS FROM STRATEGY TO SUCCESS After a successful divestment of our former Transportation division, we have Update on implemented an M&A strategy, which included a comprehensive review of Work’s counsel consultation process in France has been completed targets
Slide 15: Transformative Changes Unlock New Potential
TRANSFORMATIVE CHANGES UNLOCK NEW POTENTIAL A UNIQUE OPPORTUNITY FOR VOSSLOH TO LEAD THE MARKET THROUGH INNOVATION AND DIGITAL EXCELLENCE Unlocking growth potential: Vossloh, as a global player and system house uniquely positioned to differentiate, grow, and launch new business models (AaaS) Market
Slide 16: InnoTrans 2024 – Shaping the Future of Rail Infrastructure
INNOTRANS 2024 – SHAPING THE FUTURE OF RAIL INFRASTRUCTURE
Slide 17: Shaping the Future of Rail Infrastructure
SHAPING THE FUTURE OF RAIL INFRASTRUCTURE THE RAIL RENAISSANCE - CRITICAL FOR SECURING A SUSTAINABLE FUTURE ADVANCED SMART MAINTENANCE DIGITAL SOLUTIONS INFRASTRUCTURE 17 Shaping the Future of Rail Infrastructure – Innotrans 2024
Slide 18: EPS Composite Tie
EPS COMPOSITE TIE ENGINEERED FOR EXCELLENCE: VOSSLOH‘S INNOVATIVE EPS SOLUTIONS EPS a sustainable solution to chemical-impregnated wooden ties Made from secondary raw materials and fully recyclable after 50-year service life Product design that can be swiftly tailored to meet customer needs Signific
Slide 19: M-Generation Tension Clamps
M3 M-GENERATION TENSION CLAMPS M5 REDEFINING STABILITY, SUSTAINABILITY AND SAFETY IN RAIL INFRASTRUCTURE M1 Portfolio expanded for local transport and high-speed rail NEW M7 applications within M-portfolio Innovative, compact design significantly enhances track alignment stability M9 Revolutionary m
Slide 20: Engineered Polymer Pad
ENGINEERED POLYMER PAD INNOVATIVE SOLUTION FOR MAXIMUM SAFETY AND EXTENDED RAIL TRACK LIFE Eco-friendly solution enhancing performance by optimizing tie-ballast contact Improves lateral stability and reduces vibrations, minimizing wear on infrastructure Extends maintenance intervals, lowering disrup
Slide 21: Manganese Recycled Crossing
MANGANESE RECYCLED CROSSING ECO-FRIENDLY EXCELLENCE FOR A GREENER FUTURE IN RAIL INFRASTRUCTURE Product in the usual quality Recycling cycle Recycled manganese crossings pave the way for sustainability by transforming the metallurgical process into a circular economy model, ensuring consistent volum
Slide 22: Smart HSG
SMART HSG SMART MAINTENANCE ON THE FLY Innovative High Speed Grinding Technology allows for rail maintenance at speeds The grinding process significantly minimizes noise, contributing to a up to 80 km/h during regular train operations without requiring track closures, quieter rail environment and im
Slide 23: Corrective Rail Maintenance
CORRECTIVE RAIL MAINTENANCE INNOVATIVE MILLING SOLUTIONS FOR EFFICIENT RAIL MAINTENANCE Market Leadership and Efficiency: As the European market leader, Vossloh operates the largest fleet of milling machines, allowing for minimal track closures while preventing costly and Hot Spot Milling with VTM-C
Slide 24: Corrective Rail Maintenance
CORRECTIVE RAIL MAINTENANCE INNOVATIVE MILLING SOLUTIONS FOR EFFICIENT RAIL MAINTENANCE Market Leadership and Efficiency: As the European market leader, Vossloh operates the largest fleet of milling machines, allowing for minimal track closures while preventing costly and Hot Spot Milling with VTM-C
Slide 25: Rail Logistics
RAIL LOGISTICS STREAMLINED LOGISTICS FOR ENHANCED TRACK AVAILABILITY Swift Just-in-Time Delivery: Efficient transport of long rails up to 300 meters and complete turnout segments, ensuring minimal downtime Superior Transport Fleet: Benefit from Europe's largest fleet of advanced transport wagons for
Slide 26: SONIQ Rail Explorer incl. Ultra-Sonic Manganese Inspection
SONIQ RAIL EXPLORER INCL. ULTRA-SONIC MANGANESE INSPECTION ENHANCING RAIL INSPECTIONS WITH CUTTING-EDGE ULTRASONIC MANGANESE DETECTION Revolutionary Inspection Technology with integrated ultrasonic manganese testing, offering Enables condition monitoring of unprecedented capabilities for inspecting
Slide 27: Vossloh Connect
VOSSLOH CONNECT TRANSFORMING RAIL INFRASTRUCTURE THROUGH DIGITAL INNOVATION One-Stop-Shop platform for Rail Management: The platform provides state-of-the-art solutions to optimize rail management and enhance safety and performance Collaboration with Leading Partners: Serves as a marketplace for sel
Slide 28: Vossloh Connect: Overview of the Digital Solutions (I/II)
VOSSLOH CONNECT OVERVIEW OF THE DIGITAL SOLUTIONS (I/II) Une image contenant ciel, voie, extérieur, voie ferrée Description générée automatiquement SMART POINT RAILWATCH SMART TURNOUT STRAINLABS SMV MACHINE Monitoring of the Monitoring of Sensorized bolts to Laser-based Monitoring of point tra
Slide 29: Vossloh Connect: Overview of the Digital Solutions (II/II)
VOSSLOH CONNECT OVERVIEW OF THE DIGITAL SOLUTIONS (II/II) MAPL-E CERVELLO MR.pro E-SHOP DATALAB Track measurement Cervello is the rail Monitoring and Our platform to see A place where your on the fly to cybersecurity control of scheduled your Vossloh technicians and our optimize rail solution ra
Slide 30: Railwatch Pulsar
RAILWATCH PULSAR UNLOCKING INSIGHTS INTO RAIL-WHEEL CONTACT FOR PROACTIVE MAINTENANCE Cutting-edge monitoring with high-resolution cameras and LED tech for train condition data Delivers precise data on wheel damage and vehicle ID with 98 % detection accuracy A supplementary measuring system installe
Slide 31: Financial Overview and Ambition
FINANCIAL OVERVIEW AND AMBITION
Slide 32: Vossloh Group: Profitability Improved, EPS Increased in First Half
VOSSLOH GROUP PROFITABILITY IMPROVED, EARNINGS PER SHARE INCREASED SIGNIFICANTLY IN THE FIRST HALF OF THE YEAR KEY GROUP INDICATORS NOTES 1-6/2023 1-6/2024 Sales revenues below the previous year's record level as expected; decline in Sales revenues € mill. 600.6 560.9 Core Components and Customized
Slide 33: Vossloh Group: Equity and Equity Ratio Increased Noticeably
VOSSLOH GROUP EQUITY AND EQUITY RATIO INCREASED NOTICEABLY KEY GROUP INDICATORS 1-6/2023 2023 1-6/2024 NOTES 6/30/23 12/31/23 6/30/24 Equity increased noticeably compared to the end of H1/2023 as a result of the Equity € mill. 625.6 638.5 660.3 positive Net income; already high Equity ratio increase
Slide 34: Vossloh Group: New Record Figures, Book-to-Bill at 1.37
VOSSLOH GROUP HIGH MARKET DEMAND LEADS TO NEW RECORD FIGURES - BOOK-TO-BILL AT 1.37 ORDERS RECEIVED (in € mill.) ORDER BACKLOG (in € mill.) NOTES 905.5 859.4 769.6 65.6 Orders received in the first half of 2024 reach new high and are 11.7 percent 44.9 688.8 higher than the already high prior-year fi
Slide 35: Vossloh Is Benefitting from the Strategy Since 2020
VOSSLOH IS BENEFITTING TREMENDOUSLY FROM THE IMPLEMENTATION OF THE STRATEGY SINCE 2020 SIGNIFICANT SALES AND EBIT GROWTH SINCE 2020 Revenue ~40 % 1.214 1.160 – 1.260 2020 as a starting point for a new era: performance 1.046 program implemented, divestment rolling stock 870 943 finalized, strategy re
Slide 36: Significant Improvements Realized in the Divisions
SIGNIFICANT IMPROVEMENTS REALIZED IN THE DIVISIONS MID-TERM EBIT MARGIN TARGET OF 10 PERCENT FOR ALL DIVISIONS ALMOST ACHIEVED Core Components Customized Modules Lifecycle Solutions CAGR1: 460 - 500 CAGR1: 530 - 570 190 - 210 +6 % +8 % CAGR1: 375 402 +18 % 104 Revenue (in € million) 2020 2024E 2020
Slide 37: Vossloh Will Have a New Face After Sateba Acquisition
VOSSLOH WILL HAVE A NEW FACE AFTER SATEBA ACQUISITION SATEBA ACQUISITION CREATING ADVANTAGES FOR CUSTOMERS AND OTHER STAKEHOLDERS Vossloh 2024 Vossloh 2024 standalone incl. Sateba Sateba is expected to generate €340 million in sales revenues in FY2024 €1.16 – 1.26 Sales €1.5-1.6 billion Expansion of
Slide 38: Vossloh's Financial Ambition for the Future
VOSSLOH'S FINANCIAL AMBITION FOR THE FUTURE NEW GROUP SALES TARGET OF MORE THAN €2 BILLION TO BE REACHED LATEST BY 2030 Vossloh 2024 Vossloh 2030 UNIFE forecasts increasing market demand for Vossloh, with an inflation-adjusted €1.16 – 1.26 growth rate of 1.7 % while SCI anticipates a growth rate of
Slide 39: Q&A Thank You for Your Attention
Q&A THANK YOU FOR YOUR ATTENTION 39