Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q1 2023 Earnings Presentation
30 slides from Rosenbauer International's earnings presentation, May 9, 2023
Slide 1: Rosenbauer Group Investor & Analyst Presentation Q1 2023
Rosenbauer Group Investor & Analyst Presentation Q1 2023 Sebastian Wolf | CEO May 9, 2023
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. Q1 2023 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 ■ System provider of fire-fighting equipment and preventive fire protection ■ Globally leading producer of fire-fighting vehicles ■ 11.6% RB market share (global market volume 2021: ~ 21,000 pcs) Unrivalled worldwide network ■ Present in around 120 countries ■ 9 Pro
Slide 6: ESG profile
ESG profile Responsibility Development Impact Performance Our customers, fire brigades A comprehensive Assembler with a conscious CDP rating B- around the globe, are the sustainability strategy consumption of natural first line in dealing with the fostering the UN Sustainable resources VÖNIX rating
Slide 7: Insights from the FDIC 2023
Insights from the FDIC 2023 Great market response for the RTX: Attendees recognize a significant technological headstart. The testimonial of LAFD and 2 demo vehicles in deployment prove to be convincing points. Short delivery times are an additional sales argument, price is competitive compared
Slide 8: Q1 2023 financial figures
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Slide 9: Highlights Q1 2023
Highlights Q1 2023 In spite of a cyber attack the Rosenbauer Group increases its revenues to € 191,7 million in Q1 2023, which is 8.5 % above the comparable period of the previous year ■ The tense supply situation with truck chassis is gradually improving and enables more shipments ■ Three out of fo
Slide 10: Chassis deliveries better than previous year, but still volatile
Chassis deliveries better than previous year, but still volatile ■ Chassis supply improves slower than planned. Continuing long lead times ■ Volvo and Scania deliver within an from our main chassis suppliers. adequate time ■ MAN to deliver around 130 chassis to rebuilders, until September ■ Delivery
Slide 11: Refocus, Restart – Progress of program
Refocus, Restart – Progress of program Refocus – Restart 2023 R&R Impact Development 2023 Reduction of production costs by value analysis of our products Reductions of production hours > efficiency Price negotiations with our suppliers Price negotiations with our customers on existing (frame) orders
Slide 12: Revenues and EBIT quarterly
Revenues and EBIT quarterly in € million 800 90.0 80.0 700 70.0 60.0 50.0 600 32.5 40.0 20.0 22.1 19.9 30.0 500 8.9 20.0 4.3 1.1 0.4 3.6 -4.6 -4.9 10.0 400 -7.3 0.0 330.3 325.6 -18.6 321.0 -10.0 300 255.9 253.0 -20.0 232.9 225.1 241.9 221.5 -30.0 206.2 201.4 191.7 176.7 -40.0 200 -50.0 -60.0 100 -70
Slide 13: Key financial figures
Key financial figures in € million Q1/2021 Q1/2022 Q1/2023 Change Revenues 206.2 176.7 191.7 8.5% EBIT 0.4 -18.6 -4.9 73.7% EBIT margin 0.2 % -10.5 % -2.6% - EBT -1.0 -20.2 -9.6 - Net profit for the period -0.9 -15.7 -10.7 - Cash flow from -48.1 -96.6 -111.9 -15.9% operating activities Investor Pres
Slide 14: Development of revenues
Development of revenues in € million +8.5% +12.0 +2.7 191.7 176.7 +8.8 ■ Rosenbauer Group with € +10.8 191.7 million in revenues after the first three months -19.3 2023 ■ Three out of four sales areas and the Preventive Fire Protection (PFP) segment manage to expand their business volumes Q1/2022 Eu
Slide 15: Development of EBIT
Development of EBIT in € million +4.8 +0.2 ■ Restructuring efforts are -4.9 making an impact. A higher +1.3 gross profit and lower +2.9 structural costs reduce operating loss compared to +4.4 Q1 2022. ■ EBIT amounts to € -4.9 million -18.6 ■ Americas area is back in the Q1/2022 Europe Middle East As
Slide 16: Investments, depreciation
Investments, depreciation Investments, depreciation in € million ■ Completion of ongoing investment 5.2 5.0 4.9 projects, which have a positive 4.7 4.3 impact on productivity 4.1 3.9 3.9 ■ Further roll-out of SAP S4/Hana 3.0 3.0 Q1/2019 Q1/2020 Q1/2021 Q1/2022 Q1/2023 Investments Depreciation Invest
Slide 17: Statement of financial position – key figures
Statement of financial position – key figures Change 1-3/2022 vs. in € million 03/31/2022 12/31/2022 03/31/2023 1-3/2023 Total assets 984.1 973,6 1,095.8 11.4% Equity ratio 19.3% 19.1% 16.4% - Capital employed (ø) 633.0 590.4 641.8 1.4% ROCE -2.9% -1.8% -0.8% - ROE -10.1% -15.2% -5.2% - Net debt 307
Slide 18: Trade Working Capital and financing
Trade Working Capital and financing Trade Working Capital Financing in € million in € million 241.6% 975.1 972.2 1,000.0 ■ Ratio of advanced payments 20.3% 162.5% ■ Payment on average 161.7% 485.5 458.9 after 69 days 431.0 434.9 347.9 307.1 ■ Increase of net debt 214.1 and gearing ratio 190.0 180.0
Slide 19: Cash Conversion Cycle – current status
Cash Conversion Cycle – current status Cash Conversion Cycle (days) and Trade Working Capital (€ million) 458.9 202 431 174 63 69 52 74 162 167 24 30 +3% +6% DIO DSO DDO DPO Q1/2022 Q1/2023 CCC TWC * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding – Days Downpayments Outs
Slide 20: Outlook
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Slide 21: Order intake / backlog
Order intake / backlog Order intake / order backlog Order intake Q1/2023 by area in € million PFP 1,610.0 4% (4%) Asia-Pacific 13% (8%) 1,219.2 1,242.9 1,184.5 1,122.0 € 293.3 Europe 51% (52%) million Americas 28% (25%) 338.1 282.3 277.6 263.1 293.3 Middle East & Africa 4% (11%) Q1/2019 Q1/2020 Q1/2
Slide 22: Outlook 2023
Outlook 2023 ■ The IMF recently lowered its growth forecast for the global economy by 0.1 percentage points compared to January. Accordingly, global growth is expected to be 2.8% in 2023 (2022: +3.4%) settling at 3.0% five years out. In parallel global inflation is set to fall from 8.7% to 7.0% on t
Slide 23: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 24: Appendix
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Slide 25: Executive Board and employee figures
Executive Board and employee figures Andreas Zeller CSO Area Europe I Area Middle East & Africa I Area Asia- Pacific I Area Americas I Customer Service & Digital Solutions I Sales Number of employees (as of reporting date) Administration Sebastian Wolf Austria USA Germany RoW CEO Global Marketing I
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-PACIFIC Telfs CHINA FRANCE Kunming Chambéry Meyzieu AMERICAS SINGAPORE SINGAPORE GERMANY Lyons, South Dakota Karlsruhe PHILIPPINES Fremont, Nebraska Luckenwalde Mandaluyong Wyoming, Minnesot
Slide 28: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31, 2022) Municipal Fire & Safety Equipment 39% ARFF Customer Service Vehicles 11% 74% 17% Aerials Preventive Fire Protection 7% 10% Industrial 3% 10% 3% other revenues Investor Presentation | 28
Slide 29: Rosenbauer share
Rosenbauer share 1-3/2022 1-3/2023 Investor FR 6% Highest price in € 48.6 35.1 BVG2) 51% Lowest price in € 35.0 30.3 2) Rosenbauer Beteiligungsverwaltung GmbH Free float3) 3) The non-voting right registered shares are 43% attributed to the free float. Closing share price in € 42.7 32.6 Market capita
Slide 30: Financial calendar
Financial calendar Tiemon Kiesenhofer May 9, 2023 Publication of the interim statement Q1 2023 Head of Investor Relations +43 (0)732 6794-568 June 2, 2023 31st Annual General Meeting Ulrike Kogler August 11, 2023 Publication of the half-year 2023 financial figures Investor Relations Manager +43 (0)7
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