Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — 9M FY2024 Earnings Presentation
25 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Nov 6, 2024
Slide 1: HELLA 9M 2024 Results
HELLA 9M 2024 RESULTS January 1, 2024 – September 30, 2024 November 6, 2024
Slide 2: Agenda
01 Achievements 02 Financial Results AGENDA 03 Outlook 04 Key Takeaway P.2 | HELLA 9M FY 2024 Results | Conference Call, November 6, 2024
Slide 3: Achievements
01 ACHIEVEMENTS HELLA 9M FY 2024 P.3 | HELLA 9M FY 2024 Results | Conference Call, November 6, 2024
Slide 4: Stable sales and solid profitability in a challenging automotive environment
STABLE SALES AND SOLID PROFITABILITY IN A CHALLENGING AUTOMOTIVE ENVIRONMENT Organic sales grew by 0.8% to €6.0bn, Operating Income margin down to 5.8% on outperforming global LVP by 240bps volumes decline › Group reported flat sales at €5.9bn › Operating Income down by 5.3% to €344m, › Positive dev
Slide 5: Order intake in fast growing segments from diversified customer base
ORDER INTAKE IN FAST GROWING SEGMENTS FROM DIVERSIFIED CUSTOMER BASE More than 2/3 of Automotive order intake outside Europe, thereof ~45% in APAC Lighting with further footprint increase in NSA › Headlamp & CBL packages for US OEM, SOP 2026 and 2028 › CBL packages for international premium OEM, SOP
Slide 6: Further highlights in 9M FY 2024
FURTHER HIGHLIGHTS IN 9M FY 2024 INNOVATION LAUNCH BEST BRAND AWARD RECOGNITION FOR ESG PERFORMANCE › Launch of first RGB LED › HELLA and rear combination Hella Gutmann › First joint rating results lamp with full-color light recognized as one of the › FORVIA recognized animations best commercial veh
Slide 7: Accelerating on key initiatives to ensure sustainable profit and cash generation
ACCELERATING ON 4 KEY INITIATIVES TO ENSURE SUSTAINABLE PROFIT AND CASH GENERATION GOING FORWARD INITIATIVE FOCUS IMPACT ❯ Acquisition focus on Americas & Asia ❯ 2/3 of order intake outside Europe in 9M FY2024, ❯ Increase share with local OEMs in China and expand business WEST TO EAST thereof ~45% i
Slide 8: Financial Results
02 FINANCIAL RESULTS HELLA 9M FY 2024 P.8 | HELLA 9M FY 2024 Results | Conference Call, November 6, 2024
Slide 9: Stable sales 9M FY 2024 – outperformance in a challenging market with declining LVP
STABLE SALES 9M FY 2024 – OUTPERFORMANCE IN A CHALLENGING MARKET WITH DECLINING LVP › Organic sales 9M FY 2024 up 0.8%*, FX negative at -0.7% (-€42m) in the first 9 months › Reported sales 9M FY 2024 flat YoY • Stagnating LVP in the first six months 2024, volumes particularly down in Q3 YoY by -4.6%
Slide 10: Lighting with growing sales and profitability improvement
LIGHTING WITH GROWING SALES AND PROFITABILITY IMPROVEMENT LIGHTING Growth supported by HBBL and ramp-ups In €m 9M FY 2023 9M FY 2024 › In Europe, new series launches and higher call-offs External Sales (€m) 2,825 2,946 vs. LVP for certain projects could offset expiring projects › Ramp-up of new prog
Slide 11: Operating income in Electronics down with lower sales
OPERATING INCOME IN ELECTRONICS DOWN WITH LOWER SALES ELECTRONICS Negative sales growth due to customer mix In €m 9M FY 2023 9M FY 2024 effects and slowdown in electrification in Europe External Sales 2,294 2,220 vs. LVP › Successful 77 GHz radar business › Customer-related postponements in new laun
Slide 12: Lifecycle Solutions with decline in operating income – lower sales especially in Q3
LIFECYCLE SOLUTIONS WITH DECLINE IN OPERATING INCOME – LOWER SALES ESPECIALLY IN Q3 LIFECYCLE SOLUTIONS Low demand from commercial vehicle business In €m 9M FY 2023 9M FY 2024 negatively impacted sales development External Sales 810 763 › Growth of the spare parts business in Europe with YoY organic
Slide 13: HELLA is outgrowing the market in all regions
HELLA IS OUTGROWING THE MARKET IN ALL REGIONS Europe Americas Asia/ Pacific › Global LVP down by 1.6% › HELLA Group organic* sales growth at incl. RoW 57 % 21 % 22 % of group sales of group sales of group sales 0.8%, outperforming 240bps › Europe outperformance of 280bps • Lighting benefitting from
Slide 14: Operating income down on lower volumes
OPERATING INCOME DOWN ON LOWER VOLUMES In €m 9M FY 2023 9M FY 2024 YoY Change Gross Profit margin down by 29bps › Lower Gross Profit margin in Electronics, partly as a Sales 5,932 5,935 + 0.0% COGS (4,434) (4,453) + 0.4% % of sales -74.7% -75.0% + 29bps result of lower sales volumes and product mix
Slide 15: 9M net cash flow development down year-on-year – Q3 weak as expected
9M NET CASH FLOW DEVELOPMENT DOWN YEAR-ON-YEAR – Q3 WEAK AS EXPECTED Net Cash Flow Net Cash Flow down, decrease of €48m to in €m and % of sales -€8m 40 › Minor increases of working capital (€4m) -48 › Reduction of factoring increase (€53m vs. €91m in 9M FY 2023) -8 9M FY 2023 9M FY 2024 0.7% -0.1% C
Slide 16: Outlook
03 OUTLOOK HELLA 9M FY 2024 P.16 | HELLA 9M FY 2024 Results | Conference Call, November 6, 2024
Slide 17: Continued downward correction of LVP outlook by S&P with European market under pressure
CONTINUED DOWNWARD CORRECTION OF LVP OUTLOOK BY S&P WITH EUROPEAN MARKET UNDER PRESSURE Expected global light vehicle production Expected light vehicle production per region in million units, S&P Global Mobility per October 2024 in million units, S&P Global Mobility per October 2024 -2.2% 90.5 88.5
Slide 18: HELLA FY 2024 outlook confirmed after adjustment in September
HELLA FY 2024 OUTLOOK CONFIRMED AFTER ADJUSTMENT IN SEPTEMBER Company Outlook Jan 1, 2024, to Dec 31, 2024, after adjustment on September 26, 2024 Taking into consideration the latest S&P forecast of 88.5 million light vehicles to be produced in 2024 Sales Between around € 7.9 to 8.1 billion Currenc
Slide 19: Key Takeaways
04 KEY TAKEAWAYS HELLA 9M FY 2024 P.19 | HELLA 9M FY 2024 Results | Conference Call, November 6, 2024
Slide 20: Key Takeaways
KEY TAKEAWAYS Solid performance during Company outlook 2024 Acceleration of initiatives to 9M FY 2024 confirmed after adjustment improve performance 2025ff › Solid results in a challenging › On September 26, HELLA › New acquisitions in APAC market environment adjusted its FY 2024 outlook and NSA › M
Slide 21: Appendices
APPENDICES P.21 | HELLA 9M FY 2024 Results | Conference Call, November 6, 2024
Slide 22: LVP production and group sales per region
LVP PRODUCTION AND GROUP SALES PER REGION 9M FY 2023 9M FY 2024 HELLA Group sales Worldwide 5,932 5,935 in €m 3,415 3,391 Europe -0.7% 1,220 1,216 Americas -0.4% 1,297 1,328 Asia/Pacific & Rest of World +2.4% Light vehicle production Worldwide 66,274 65,186 in 1.000 units 13,303 12,833 Europe -3.5%
Slide 23: Upcoming events
UPCOMING EVENTS November 27, 2024 • Analysts Meeting Frankfurt February 27, 2025 • Prelim.12M FY 2024; FY 2025 Outlook March 10, 2025 • 12M FY 2024 P.23 | HELLA 9M FY 2024 Results | Conference Call, November 6, 2024
Slide 24: Disclaimer
DISCLAIMER ◦ This document was prepared with reasonable care. Certain numerical data, financial information and market data in this presentation have been rounded in accordance with commercial rounding. However, no responsibility can be assumed for the correctness of the provided information. In add
Slide 25: -ORVIA
-ORVIA (HELLA WEE ee
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