Oc Oerlikon Corporation Ag · SIX:OERL
Oc Oerlikon — Q1 2021 Earnings Presentation
15 slides from Oc Oerlikon's earnings presentation, May 4, 2021
Slide 1: Q1 2021 Financial results
Q1 2021 Financial results 4 May 2021 Page 1
Slide 2: Agenda
Agenda 1 Business Update 2 Q1 Financials 3 Q&A Page 2
Slide 3: Summary Q1
Summary Q1 Strong start to the year in-line with company expectation Financials 643m (+35%) 568m (+7%) 88m (+46%) 39m (>+100%) Order intake Sales Operational EBITDA Operational EBIT ▪ Operational EBITDA +46% in Q1, driven by Polymer Processing Solutions sales growth and cost control in Surface Solut
Slide 4: End Markets with Varying Recovery Profiles
End Markets with Varying Recovery Profiles Polymer Processing Tooling General Industrial Automotive Aviation Solutions 47% of FY’20 sales 16% 16% 14% 7% 2021 markets Filament stable; High Mid - High Growth in H2’21 single-digit off low base ex-filament growth single-digit single-digit ▪ Large filame
Slide 5: Continued Focus on Strategic Priorities
Continued Focus on Strategic Priorities Sustainable Cost Disciplined Capital Innovation Containment Allocation ▪ Drive global technology leadership with ▪ Focus on cost containment and reinvest into ▪ Diversify organically into adjacent markets and effective R&D profitable growth enhance structural
Slide 6: Acquisition of INglass
Acquisition of INglass ▪ Innovation, technology and market leader in precision polymer flow control with strong intellectual property ▪ Hot runner systems (HRS) are key to process and control molten polymers before being injected into molds for production of light- INglass weight high-end components
Slide 7: Financial Overview Q1
Financial Overview Q1 Operational EBITDA up +46% driven by both Divisions ▪ Order intake up +35% driven by Polymer Processing Order intake +34.6% Solutions which showed robust performance and had low FX. adj: +34.9% comparables YoY as China was impacted by extended 643 Orders lockdown last year 477
Slide 8: Surface Solutions with Recovering Markets and Cost Containment
Surface Solutions with Recovering Markets and Cost Containment Market Orders Sales Operational EBITDA ▪ Markets recovering at varying rates ▪ Flat order intake at constant FX; book- ▪ Down -5% at constant FX, driven by ▪ Up +32% driven by structural cost to-bill >1 as longer-cycle business starts hi
Slide 9: Polymer Processing Solutions with Strong Q1, In-line with Company Expectation
Polymer Processing Solutions with Strong Q1, In-line with Company Expectation Market Orders Sales Operational EBITDA ▪ Favorable market conditions in ▪ Doubling order intake, with strong ▪ Up +27% at constant FX, supported by ▪ Up +77% driven by higher sales filament: full order book to 2022 and boo
Slide 10: Conclusion: reiterate guidance after Q1
Conclusion: reiterate guidance after Q1 ▪ Higher orders (+35%) and sales (+7%) Q1 ▪ Improved operational EBITDA margin by ~420bps 2021 ▪ Polymer Processing Solutions on-track to deliver FY’21 sales of CHF guidance 1 100 - 1 150m with ~14% operational EBITDA margin Outlook reiterated ▪ Surface Soluti
Slide 11: cerlikon
cerlikon
Slide 12: Appendix
cerlikon Appendix
Slide 13: Reconciliation of Profitability Measures
Reconciliation of Profitability Measures EBITDA to EBIT bridge Group Surface Solutions Polymer Processing Solutions Q1'21 Q1'20 Q1'21 Q1'20 Q1'21 Q1'20 EBITDA 88 58 53 39 33 18 Depreciation -32 -33 -26 -28 -5 -4 Impairments -0 -1 -0 -1 0 -- EBITA 56 24 27 10 28 14 -11 -11 -10 -10 -2 -1 Amortization
Slide 14: Investor Relations
Investor Relations Stephan Gick Stephan.gick@oerlikon.com +41 58 360 98 50 Peter Dickson Peter.dickson@oerlikon.com +41 58 360 96 39 ir@oerlikon.com www.oerlikon.com/en/investors
Slide 15: Disclaimer
Disclaimer OC Oerlikon Corporation AG, Pfäffikon, (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the trut