Baywa Ag · XETR:BYW
Baywa — Q1 2022 Earnings Presentation
33 slides from Baywa's earnings presentation, May 5, 2022
Slide 1: Quarterly Financial Statements as per 31 March 2022
Quarterly Financial Statements as per 31 March 2022 Conference Call Munich, 5 May 2022 Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO
Slide 2: Agenda
Agenda 01 Highlights 1-3/2022 02 Business Development of the Segments in 1-3/2022 and Operational Outlook 2022 03 Group Financials 1-3/2022 04 Appendix 5/5/2022 | 2
Slide 3: Highlights 1-3/2022
01 Highlights 1-3/2022 Prof. Klaus Josef Lutz 5/5/2022 | 3
Slide 4: Highlights
01 | Highlights 1-3/2022 Highlights Revenues1 EBIT ▪ Very strong start to 2022 with new records set for revenues and EBIT +54% >100% ▪ EBIT raised across all operating segments 6,257.0 144.9 ▪ BayWa r.e. AG: boom in solar and energy trading 4,066.6 ▪ Energy: high willingness to stockpile heat energy
Slide 5: Development of the Group 1-3/2022: Multi-year comparison of EBIT
01 | Highlights 1-3/2022 Development of the Group 1-3/2022 Multi-year comparison of EBIT In EUR m 144.9 45.1 Ø 21 -13.8 -27.8 -41.0 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 5/5/2022 | 5
Slide 6: Energy: Renewable Energies Segment and Energy Segment
02 | Energy Business Unit – Development in 1-3/2022 Business Unit Segment Segment Energy Renewable Energy Energies Key Figures 1-3/2022 5/5/2022 | 6
Slide 7: Market Developments
02 | Energy Business Unit – Development in 1-3/2022 Market Developments RENEWABLE ENERGIES ENERGY Global capacity installation – forecast 2022 by region1 Development of heating oil in Germany3 In GW APAC AMER EMEA Heating oil in cent per litre 170 Q1 2022: +84% 213 (+25%) 2022 FY 2021: +41% 200 140
Slide 8: Renewable Energies Segment Revenues and EBIT vs previous year
02 | Energy Business Unit – Development in 1-3/2022 Renewable Energies Segment Revenues and EBIT vs previous year ▪ Revenues: ∆ 21/22 +931.4 Mio. Euro ▪ EBIT: ∆ 21/22 +30.2 Mio. Euro _________________________________________________________________________________ ▪ Increase in revenue and earnings
Slide 9: Energy Segment Sales and EBIT vs previous year
02 | Energy Business Unit – Development in 1-3/2022 Energy Segment Sales and EBIT vs previous year ▪ Revenues: ∆ 21/22 EUR +271.9 million ▪ EBIT: ∆ 21/22 EUR +5.1 million _________________________________________________________________________________ ▪ Price- and volume-induced increase in revenue
Slide 10: Agriculture
02 | Agriculture Business Unit – Development in 1-3/2022 Business Unit Segment Segment Agriculture Cefetra Global Group Produce Key Figures 1-3/2022 Segment Segment Agri Trade Agricultural & Service Equipment 5/5/2022 | 10
Slide 11: Market Developments: Agricultural Products I
02 | Agriculture Business Unit – Development in 1-3/2022 Market Developments: Agricultural Products I AGRI COMMODITIES PRICE TREND 1 in EUR/tons Wheat MTF Maize CBT in EUR/tons Rape seed MTF Soy meal CBT 450 +35% +22% Q1 2022 1080 Q1 2022 400 980 880 350 780 300 680 250 580 480 200 380 150 280 Jan-2
Slide 12: Market Developments: Agricultural Products II
02 | Agriculture Business Unit – Development in 1-3/2022 Market Developments: Agricultural Products II GLOBAL GRAIN BALANCE (EXCL. RICE; APRIL 2022) 1 in million of tons Changes in inventories Production Consumption 2750 135 115 2250 2171 2280 2124 2180 2213 95 2041 1996 2129 64 1998 75 59 1750 53 5
Slide 13: Market development Inputs, Equipment, Fruits
02 | Agriculture Business Unit – Development in 1-3/2022 Market development Inputs, Equipment, Fruits INPUT RESOURCES AGRICULTURAL EQUIPMENT FRUITS ▪ High producer prices and upfront buying effects ▪ Slight recovery in sentiment in the agricultural ▪ Determined by better weather conditions and boost
Slide 14: Cefetra Group Segment Revenues and EBIT vs previous year
02 | Agriculture Business Unit – Development in 1-3/2022 Cefetra Group Segment Revenues and EBIT vs previous year ▪ Revenues: ∆ 21/22 EUR +369.2 million ▪ EBIT: ∆ 21/22 EUR +6.1 million _________________________________________________________________________________ ▪ Price-induced revenue growth o
Slide 15: Agri Trade & Service Segment Revenues and EBIT vs previous year
02 | Agriculture Business Unit – Development in 1-3/2022 Agri Trade & Service Segment Revenues and EBIT vs previous year ▪ Revenues: ∆ 21/22 EUR +402.0 million ▪ EBIT: ∆ 21/22 EUR +44.0 million _________________________________________________________________________________ ▪ Price- and volume-indu
Slide 16: Agricultural Equipment Segment Revenues and EBIT vs previous year
02 | Agriculture Business Unit – Development in 1-3/2022 Agricultural Equipment Segment Revenues and EBIT vs previous year ▪ Revenues : ∆ 21/22 EUR +105.3 million ▪ EBIT: ∆ 21/22 EUR +6.8 million _________________________________________________________________________________ ▪ Significant increase
Slide 17: Global Produce Segment Revenues and EBIT vs previous year
02 | Agriculture Business Unit – Development in 1-3/2022 Global Produce Segment Revenues and EBIT vs previous year ▪ Revenues: ∆ 21/22 EUR +8.3 million ▪ EBIT: ∆ 21/22 EUR +6.3 million _________________________________________________________________________________ ▪ Revenues slightly higher year o
Slide 18: Building Materials
02 | Building Materials Business Unit – Development in 1-3/2022 Business Unit Segment Building Building Materials Materials Key Figures 1-3/2022 5/5/2022 | 18
Slide 19: Market Developments
02 | Building Materials Business Unit – Development in 1-3/2022 Market Developments SUSTAINED GOOD CONSTRUCTION ACTIVITY DYNAMIC PRICE TREND IN BUILDING MATERIALS Order intake in the German construction industry 1-2/20221 Price indices of selected building materials in March 20221 in % vs 2021 in %
Slide 20: Building Materials Segment Revenues and EBIT vs previous year
02 | Building Materials Business Unit – Development in 1-3/2022 Building Materials Segment Revenues and EBIT vs previous year ▪ Revenues: ∆ 21/22 EUR +104.4 million ▪ EBIT: ∆ 21/22 EUR +4.5 million _________________________________________________________________________________ ▪ Revenues and earni
Slide 21: Group Financials 1-3/2022
03 Group Financials 1-3/2022 Andreas Helber 5/5/2022 | 21
Slide 22: Other Activities 1-3/2022
03 | Group Financials 1-3/2022 Other Activities 1-3/2022 ▪ Revenues: ∆ 21/22 EUR -1.5 million ▪ EBIT: ∆ 21/22 EUR -3.6 million _________________________________________________________________________________ ▪ EBIT consists of administrative costs and consolidation Revenues in EUR m EBIT in EUR m e
Slide 23: Financials Energy Business Unit Income Statement
03 | Group Financials 1-3/2022 Financials Energy Business Unit Income Statement In EUR m Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 ∆21/22 (in %) Revenues 775.8 964.1 869.7 1,039.4 2,242.7 > 100 EBITDA 4.1 16.6 6.9 51.5 90.6 75.9 % of Revenues 0.5% 1.7% 0.8% 5.0% 4.0% EBIT -3.5 6.9 -4.0 37.0 72.3 95.4
Slide 24: Financials Agriculture Business Unit Income Statement
03 | Group Financials 1-3/2022 Financials Agriculture Business Unit Income Statement In EUR m Q1 2018 Q1 2019 Q1 2020 Q1 20211 Q1 2022 ∆21/22 (in %) Revenues 2,728.2 2,823.8 2,660.4 2,647.5 3,532.3 33.4 EBITDA 11.8 30.2 33.6 56.2 119.9 >100 % of Revenues 0.4% 1.1% 1.3% 2.1% 3.4% EBIT -2.7 6.1 9.9 31
Slide 25: Financials Building Materials Business Unit Income Statement
03 | Group Financials 1-3/2022 Financials Building Materials Business Unit Income Statement In EUR m Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 ∆21/22 (in %) Revenues 287.9 285.8 333.7 373.0 477.4 28.0 EBITDA -11.7 -10.4 -5.3 1.3 6.8 >100 % of Revenues -4.1% -3.6% -1.6% 0.3% 1.4% EBIT -15.7 -14.6 -12.0
Slide 26: Income Statement
03 | Group Financials 1-3/2022 Income Statement In EUR m Q1 2018 Q1 2019 Q1 2020 Q1 20211 Q1 2022 ∆21/22 (in %) Revenues 3,797.1 4,079.6 3,870.1 4,066.6 6,257.0 53.9 EBITDA -7.5 41.2 25.1 103.0 206.5 >100 % of Revenues -0.2% 1.0% 0.6% 2.5% 3.3% EBIT -41.0 -13.8 -27.8 45.1 144.9 >100 % of Revenues -1
Slide 27: Balance Sheet
03 | Group Financials 1-3/2022 Balance Sheet In EUR m Q1 2018 Q1 2019 Q1 2020 Q1 2021 FY 2021 Q1 2022 ∆21/22 (%) Total assets 7,100.9 8,799.3 9,244.4 9,908.0 11,771.4 13,142.3 11.6 Equity 1,391.0 1,362.8 1,254.9 1,822.7 1,816.1 1,896.4 4.4 Equity ratio 19.6% 15.5% 13.6% 18.4% 15.4% 14.4% Equity rati
Slide 28: Thank you for your attention
Thank you for your attention Munich, 5 May 2022 Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO
Slide 29: Appendix
04 Appendix 5/5/2022 | 29
Slide 30: BayWa Share 2022: Price performance compared with the SDAX and DAX
04 | Appendix BayWa Share 2022: Price performance compared with the SDAX and DAX 125% BayWa SDAX DAX 1 January 2022 to 21 April 2022: performance & closing price1 120% BayWa 115% 47.45€ 110% 23.1% closing price 105% 100% SDAX 14,492.48* 95% 90% -11.7% closing price 85% 80% DAX 14,502.41* 75% Dec-21
Slide 31: BayWa Share 2022
04 | Appendix BayWa Share 2022 Shareholder structure (31/03/2022) BayWa share profile (31/03/2022) Stock exchanges Frankfurt, Munich, Xetra Segment Official Market / Prime Standard 34.3% Security code no. 519406 and 519400 38.6% ISIN DE0005194062 and DE0005194005 Share capital EUR 91,250,199.04 Numb
Slide 32: Investor Relations Contact, Financial Calendar 2022
04 | Appendix Investor Relations Contact Financial Calendar 2022 5. 24. 4. May May August ANALYST ANNUAL ANALYST CONFERENCE GENERAL MEETING, CONFERENCE Josko André Pierre CALL Q1 ICM Munich CALL Q2 Radeljic Wahlen Head of Investor Relations Junior Investor Relations Manager Tel.: +49 (089) 92 22 388
Slide 33: Disclaimer
04 | Appendix Disclaimer Forward-looking statements and guidance This presentation includes forward-looking statements. These statements are based on current assessments and forecasts of management and draw on information currently available. These forward-looking statements are therefore not a guar