Rosenbauer International Ag · VIE:ROS
Rosenbauer International — FY2023 Earnings Presentation
34 slides from Rosenbauer International's earnings presentation, Apr 5, 2024
Slide 1: Rosenbauer Group FY 2023 Financial Figures
Rosenbauer Group FY 2023 Financial Figures Analyst & Investor Presentation, April 5, 2024 Sebastian Wolf | CEO
Slide 2: Agenda
AGENDA 01 Rosenbauer Group at a glance 02 FY 2023 financial figures 03 ESG initiatives and non-financial performance 04 Outlook
Slide 3: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 4: Equity Story
ROSENBAUER GROUP AT A GLANCE Equity Story Global market leader • System provider of fire-fighting equipment and preventive fire protection • Globally leading producer of fire-fighting vehicles • 11% RB market share of firefighting vehicles (global market volume 2022: ~ 21,300 pcs)* Unrivalled worldw
Slide 5: ESG profile
ROSENBAUER GROUP AT A GLANCE ESG profile Responsibility Development Impact Performance Our customers, fire Targets for diversity / Assembler with a CDP rating B brigades around the gender equality, work conscious consumption VÖNIX rating B globe, are the first line in safety & health, energy, of nat
Slide 6: Highlights of the 2023 financial year
ROSENBAUER GROUP AT A GLANCE Highlights of the 2023 financial year ▪ Rosenbauer Group increases its revenues to € 1,064.5 million in 2023 despite selective supply chain issues. • Higher sales prices for vehicles delivered, growth in equipment, components and service • All segments can increase their
Slide 7: Multilateral refinancing agreement
ROSENBAUER GROUP AT A GLANCE Multilateral refinancing agreement • Valid until November 2025, supports the ongoing turnaround efforts • All relevant financing instruments prolonged • Dividend payments suspended • Capital increase for equity strengthening and further growth of the Group, 3.4 million n
Slide 8: Project „Efficient offer-to-cash-process“ 2024
ROSENBAUER GROUP AT A GLANCE ROSENBAUER GROUP AT A GLANCE Project „Efficient offer-to-cash-process“ 2024 • Objective: Identification of efficiency and earnings improvement potential, massive reduction in throughput times and trade working capital • Conception design ends in May • Improvement of orde
Slide 9: E-mobility business development
ROSENBAUER GROUP AT A GLANCE E-mobility business development Deliveries worldwide Sep 30, 2023 Mar 29, 2024 Vancouver Oslo Orders 67 76 Royal Dutch Air Force Berlin Victoria Brampton Ennepetal, Nörvenich Vienna Deliveries 26 31 Paris-Orly TU München Tesla GER, Porsche Zuff Basel Los Angeles Navajo N
Slide 10: PANTHER electric sales launch
ROSENBAUER GROUP AT A GLANCE PANTHER electric sales launch Presented as a near-series concept vehicle at INTERSCHUTZ, the world's leading trade fair for the firefighting industry, in 2022 Enables airports to improve their carbon footprint by using low-emission firefighting vehicles Obvious area of a
Slide 11: FY 2023 financial figures
FY 2023 financial figures
Slide 12: Key financial figures
FY 2023 FINANCIAL FIGURES Key financial figures Change in € million 2022 2023 2023 vs. 2022 Revenues 972.2 1,064.5 +92.3 EBITDA 19.1 67.7 +48.6 EBIT -10.6 37.5 +48.1 EBIT-margin -1.1% 3.5% +4.6pp EBT -30.2 7.0 +37.2 Net profit for the period -22.3 1.1 +23.4 Cash flow from operating 6.5 -82.8 -89.3 a
Slide 13: EBIT variance 2023 vs. 2022
FY 2023 FINANCIAL FIGURES EBIT variance 2023 vs. 2022 in € million Revenues and EBIT 2022 Revenues and EBIT 2023 EBIT variance 2023 vs. 2022 22 1200 +17.7 1000 366 17 321 800 +13.7 12 600 239 +10.2 222 400 269 7 +6.4 253 200 177 19,9 192 10.4 26,3 2 5.6 0 -18.6 -4.6 -7.3 -4.9 -3 -200 Q1 Q2 Q3 Q4 Q1
Slide 14: Development of average price of vehicles delivered
FY 2023 FINANCIAL FIGURES Development of average price of vehicles delivered Average price per fire truck / vehicle body (2022 vs. 2023) in € t 407 362 294 271 Average price per fire truck Average price per vehicle body *) 1,896 fire trucks **) 1,850 fire trucks + 12% + 9% 2022* 2023** 14 | Analyst
Slide 15: Development of Revenues
FY 2023 FINANCIAL FIGURES Development of Revenues in € million +9.5% +13.0 +4.2 +9.4 1,064.5 • Rosenbauer Group +14.2 +51.5 increases revenues 972.2 despite persisting supply chain issues to € 1,064.5 million • All sales areas with higher revenues, Preventive Fire 2022 Europe Middle East Asia- Ameri
Slide 16: Development of EBIT
FY 2023 FINANCIAL FIGURES Development of EBIT in € million +1.8 37.5 +10.3 • Operational turnaround +4.3 +8.3 achieved +23.4 • Stronger gross profit and significantly lower structural costs enable year-on-year -10.6 improvement of € 48 2022 Europe Middle East Asia- Americas PFP** 2023 million, EBIT
Slide 17: Investments, depreciation and R&D expenses
FY 2023 FINANCIAL FIGURES Investments, depreciation and R&D expenses in € million R&D expenses, R&D expenses Investments, Depreciation as a percentage of revenue 35 35 6.0% • Largest investment projects in 2023: 30 30 31.6 5.0% • Completion of a training 27.8 25 25 and service center, 4.0% 3.2% Sing
Slide 18: Trade Working Capital and Financing
FY 2023 FINANCIAL FIGURES Trade Working Capital and Financing in € million Trade Working Capital Financing 1200 1200 0.6 • Trade working capital 3.00 0.55 increases to € 473 million 1000 1,065 1000 2.50 972 0.5 233,8% • Advance payment ratio of 800 44,4% 800 2.00 23 % 0.45 171.8% • Payment after 84
Slide 19: Cash conversion cycle (current status)
FY 2023 FINANCIAL FIGURES Cash conversion cycle (current status) Cash Conversion Cycle (days) and Trade Working Capital (€ million) 473 201 184 368 84 85 72 55 161 138 33 39 16.7% 28.5% DIO DSO DDO DPO 2022 2023 CCC TWC 19 | Analyst & Investor Presentation I April 5, 2024 * Cash Conversion Cycle = D
Slide 20: Statement of financial position – key figures
FY 2023 FINANCIAL FIGURES Statement of financial position – key figures Change in € million 2022 2023 2023 vs. 2022 Total assets 973.6 1,166.7 +193.1 Equity ratio 19.1% 15.7% -3.4pp Capital employed (ø) 590.4 637.6 +47.2 ROCE -1.8% 5.9% +7.7pp ROE -15.2% 3.8% +19.0pp Net debt 319.9 428.2 +108.3 Gear
Slide 21: ESG initiatives and non-financial performance
ESG initiatives and non-financial performance
Slide 22: Sustainability goals and measures: achievement status 2023
ESG-INITIATIVES AND NON-FINANCIAL PERFORMANCE Sustainability goals and measures: achievement status 2023 Action areas Responsible Employer Environmentally Sustainable Products Business Ethics & friendly Production & Services Supply Chain Workplace accidents per 1 million Share of green electricity O
Slide 23: Climate targets & Corporate Carbon Footprint
ESG-INITIATIVES AND NON-FINANCIAL PERFORMANCE Climate targets & Corporate Carbon Footprint (Reference year: 2019) Upstream Activities Corporate Activities Downstream Activities Der CCF according to the SBTi Upstream Scope 3 Upstream Scope 1 & 2 Downstream Scope 3 enables science-based emission reduc
Slide 24: Schematic process EU-Taxonomy
ESG-INITIATIVES AND NON-FINANCIAL PERFORMANCE Schematic process EU-Taxonomy By re-evaluating the economic activities of the EU taxonomy, 74.2% of the turnover, 18.8% of the CapEx and 100% of the OpEx according to the definition of the EU taxonomy could be identified as eligible for taxonomy reportin
Slide 25: Outlook
Outlook
Slide 26: Order intake / Order backlog
OUTLOOK Order intake / Order backlog in € million Order intake / Order backlog Order intake 2023 by area 2023 vs. 2022 PFP 3% (3%) 1,788.0 Asia-Pacific 11% (10%) 1,469.7 1,450.3 1,230.0 1.450,3 Europe Americas Mio € 43% (43%*) 33% (32%*) Middle East & Africa 10% (11%*) 2022 2023 Order intake Order b
Slide 27: Outlook 2024
OUTLOOK Outlook 2024 ▪ According to the International Monetary Fund (IMF), the global economy will grow by 3.1% in 2024, a marginal improvement on the previous year. The most recent forecast adjustments primarily cite the resilience of the US economy and some emerging and developing countries. ▪ At
Slide 28: Appendix
Appendix
Slide 29: Executive Board and employee figures
APPENDIX Executive Board and employee figures Andreas Zeller CSO Area Europe I Area Middle East & Africa I Area Asia-Pacific I Area Americas I Sales Coordination I Customer Service I Digital Solutions I Equipment I Components Number of employees (as of reporting date) Sebastian Wolf Austria USA Germ
Slide 30: Worldwide network of production, service and sales locations
APPENDIX Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Asten Graz Telfs FRANCE ASIA-PACIFIC Chambéry CHINA Meyzieu Kunming GERMANY AMERICAS SINGAPORE Karlsruhe Lyons, South Dakota Singapore Luckenwalde Fremont, Nebraska PHILIPPINES Mogendorf and Wyomin
Slide 31: Leading system provider for fire protection
APPENDIX Leading system provider for fire protection (Product segments and % of Group revenues; as of Dec 31 2023) Municipal Fire & Safety Equipment 43% ARFF Customer Service Vehicles 11% 74% Aerials 14% Preventive Fire Protection 6% 9% Industrial 10% 4% 3% other revenues 31 | Analyst & Investor Pre
Slide 32: Rosenbauer share
APPENDIX Rosenbauer share Investor FR 6% 2022 2023 BVG2) 51% Highest price in € 48.6 35.1 2) Rosenbauer Beteiligungsverwaltung GmbH Free float3) 3) The non-voting right registered shares are Lowest price in € 28.9 27.4 43% attributed to the free float. Closing share price in € 30.1 28.8 Market capit
Slide 33: Financial calendar 2024
APPENDIX Financial calendar 2024 Tiemon Kiesenhofer Head of Investor Relations April 5, 2024 Publication of the full-year 2023 financial figures +43 (0)664 80 679 6538 Fabio Wurm May 14, 2024 32nd Annual General Meeting Sustainability Manager +43 (0)676 88 032 4016 ir@rosenbauer.com May 17, 2024 Pub
Slide 34: Disclaimer
DISCLAIMER IMPORTANT: Please read the following before continuing. The following applies to this document, which has been prepared by Rosenbauer International AG (the “Company”, together with its consolidated subsidiaries, the “Group”) solely for discussion purposes in relation to the Company, to th
Rosenbauer International — FY2023 Earnings Presentation on 6ix