Heidelberger Druckmaschinen Ag · XETR:HDD
Heidelberger Druckmaschinen — Q1 FY2022/23 Earnings Presentation
14 slides from Heidelberger Druckmaschinen's earnings presentation, Aug 10, 2022
Slide 1: Technologies for Tomorrow – First quarter results FY 2022/2023
TECHNOLOGIES FOR TOMORROW Heidelberger Druckmaschinen AG – First quarter results FY 2022/2023 Dr. Ludwin Monz, CEO | Marcus A. Wassenberg, CFO | Wiesloch, August 10, 2022.
Slide 2: Q1 FY 22/23 at a glance
Q1 FY 22/23 at a glance Financial performance Highlights Outlook 2 © Heidelberger Druckmaschinen AG
Slide 3: Q1 FY 22/23 at a glance
Q1 FY 22/23 at a glance. Promising start into the new fiscal year. in €millions // Net Orders // Net Sales Highlights Q1 FY 22/23. FY19/20 652 607 615m€ 530 Order intake remains strong at pre-C19 level 441 of FY 19/20 (€ 615m), continues exceeding sales; +20% China trade fair effect boosted Q1 prior
Slide 4: Financial performance
Q1 FY 22/23 at a glance Financial performance Highlights Outlook 4 © Heidelberger Druckmaschinen AG
Slide 5: Regions
Regions. North America with significant growth in the first quarter. in €millions Order intake in core markets remains on Orders 262 -6% 242 a strong level. EMEA 170 Sales +42% Italy with significant sales growth in the 240 first quarter due to federal program. 204 Orders lower y/y as Q1 FY 22 inclu
Slide 6: Regions
Regions. Eastern Europe weaker due to war in Ukraine. in €millions 79 War in the Ukraine weighing on business Orders -23% Eastern 61 activity in Eastern Europe. Europe 58 Sales -9% Decline in sales mainly due to 54 discontinued activities in Russia. 11 South America showing the highest Orders +146%
Slide 7: Segments
Segments. Packaging solutions with strong growth in first quarter. in €millions Packaging Solutions Printing Solutions Technology Solutions 355 348 288 250 Order intake 9 10 3.2% 6.9% 3.2% 7.1% 13.9% -11%* +15% Sales +28% 273 +4% (EBITDA in %) 247 238 194 9 10 *including a positive earnings contribu
Slide 8: Earnings bridge
Earnings bridge. Profitable growth after 3m. in €millions // Main changes y/y: FY 22 3m reported 15 -3 - Net non-operating items Q1 FY22 / Q1 FY23 25 + Volume & margin improvements 7 + Net improvement in personnel expenses -8 - Other effects (e. g., ramp-up business activity) FY 23 3m reported 35 ©
Slide 9: Free Cashflow
Free Cashflow. Swing in NWC driving change in operatively improved free cashflow. in €millions Q1 FY22 Q1 FY23 Main changes y/y in operating cash flow Operating -5 -25 Cashflow + Higher net result improving operating cashflow by ~+€ 20m. Investment Swing in NWC change (€ 9m increase in Cashflow 33 2
Slide 10: Balance Sheet
Balance Sheet. Equity value almost equaling market cap after pension rate normalization. in €millions Equity (-ratio) NWC Essential factors 4.0% 11.1% 17.9% 405 465 440 455 242 Equity(-ratio) growing by € 163m q/q (680bp) due to normalized interest rate for pensions & net 82 profit. 3m FY 22 12m FY
Slide 11: Highlights
Q1 FY 22/23 at a glance Financial performance Highlights Outlook 11 © Heidelberger Druckmaschinen AG
Slide 12: HEIDELBERG Amperfied
HEIDELBERG Amperfied. Expansion of the product portfolio lays the foundation for new business models. NEW … … NEW Home Eco & Energy Control Wallbox connect.series Chargespot connect.public Single-home buildings Multi-home buildings Fleet management … Today Solutions provider Hardware supplier © Heid
Slide 13: Outlook
Q1 FY 22/23 at a glance Financial performance Highlights Outlook 13 © Heidelberger Druckmaschinen AG
Slide 14: Outlook
Outlook. Q1 in line with confirmed guidance, while economic uncertainties remain high. 3m FY 22/23 FY 22/23 Our priorities for FY 22/23: Net Sales € 530m € ~2.3bn (FY 21/22: € 2.18bn) Secure supply chain (3m 21/22: € 441m) EBITDA (in %) 6.7% >8.0% Maintain cost discipline (3m 21/22: 3.5%) (FY 21/22:
Heidelberger Druckmaschinen — Q1 FY2022/23 Earnings Presentation on 6ix