Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — FY2021 Earnings Presentation
18 slides from Exel Composites Oyj's earnings presentation, Feb 15, 2022
Slide 1: Financial Statements Review Q1-Q4 2021
Financial Statements Review Q1-Q4 2021 REVENUE INCREASED SIGNIFICANTLY, PROFITABILITY DECLINED
Slide 2: Exel Composites in brief
Exel Composites in brief At Exel Composites, we use over Company values 60 years’ experience to solve challenges and help customers save resources. Customer focused Our forward-thinking composite solutions made with continuous manufacturing technologies serve Integrity customers in a wide range of i
Slide 3: 2021 highlights
2021 highlights Order intake Revenue Adjusted operating profit Order intake increased significantly compared to Revenue increased significantly across all customer Group profitability declined due to the poor financial the previous year. industries apart from Transport, where revenue was performance
Slide 4: Strong order backlog at EUR 41.6 million at the end 2021
Strong order backlog at EUR 41.6 million at the end 2021 despite cancelled orders in the second half of the year 6 Financial Statements Review Q1-Q4 2021
Slide 5: Almost all of revenue growth in 2021 was organic
Almost all of revenue growth in 2021 was organic 1) Volume impact calculated as difference in kilograms of delivered products times prior year average sales price/kg. 7 Financial Statements Review Q1-Q4 2021
Slide 6: Strong revenue increase in practically all customer industries
Strong revenue increase in practically all customer industries Revenue by customer industry, Revenue share by customer industry, EUR million % Buildings and Equipment and Wind power Machinery and Transportation Defense Telecommunications infrastructure other industries electrical 8 Financial Stateme
Slide 7: Revenue growth driven by North America and Europe
Revenue growth driven by North America and Europe Revenue by region1), Revenue share by region1), EUR million % Europe North America Asia-Pacific Rest of the world 1) Revenue by customer location, not by the location of the manufacturing Exel Composites business unit. 9 Financial Statements Review Q
Slide 8: Adjusted operating profit in 2021 declined due to poor performance in the US
Adjusted operating profit in 2021 declined due to the poor performance of the business unit in the US in the second half of the year Lowered profitability mainly due to the ramp-up of a specific carbon fiber Wind Power product, produced in high volumes in our factory in the United States. In the fou
Slide 9: Impacts of the Covid-19 pandemic in Q4 2021
Impacts of the Covid-19 pandemic in Q4 2021 The Covid-19 pandemic continued to cause some uncertainty in the global business environment, but overall demand for our solutions recovered across our customer industries. Our factories operated almost without disruptions throughout the year despite pande
Slide 10: Return on capital employed at 4.8% in 2021
Return on capital employed at 4.8% in 2021 5.5 Return on equity, % 12 Financial Statements Review Q1-Q4 2021
Slide 11: Exel Composites strategy
Exel Composites strategy Vision: TO BE THE FIRST CHOICE FOR SUSTAINABLE COMPOSITE SOLUTIONS GLOBALLY FOCUSED GROWTH AREAS Protect and grow Create true global Build leadership in Penetrate growing / new Growth in strongholds footprint China applications new technologies − Multiply existing − Establis
Slide 12: Highlights of strategy implementation in 2021
Highlights of strategy implementation in 2021 32.6% Joint venture Production start in the Growth in new and Developing the fundaments Share of EU Taxonomy- established in India new facility in Austria stronghold applications of Group sustainability eligible revenue • The joint venture with • Product
Slide 13: Earnings per share at EUR 0.14 in 2021
Earnings per share at EUR 0.14 in 2021 The Board proposes to the Annual General Meeting that a dividend of EUR 0.20 per share be paid based on the adopted financial statements for the financial year ended on 31 December 2021. The Board proposes that the dividend be paid in two installments. 15 Finan
Slide 14: Exel's long-term financial targets
Exel’s long-term financial targets Growth Profitability Capital efficiency Financial position Return on capital Revenue growth: Adjusted operating profit Net gearing employed 2x market growth 1) margin >10% ≤ 80% > 20% Net gearing, % (without IFRS-16) Net gearing, % 1) The average annual growth rate
Slide 15: Guidance for 2022
Guidance for 2022 Exel Composites expects that revenue in 2022 will be at last year’s level and adjusted operating profit will increase compared to 2021. 17 Financial Statements Review Q1-Q4 2021
Slide 16: Thank you! Kiitos!
Thank you! Kiitos! Questions? Kysymyksiä?
Slide 17: More information at www.exelcomposites.com
More information at www.exelcomposites.com Financial calendar 2022 Financial Statements Release 2021 15 February 2022 Business Review Q1 2022 29 April 2022 Half Year Financial Report Q1-Q2 2022 20 July 2022 Business Review Q1-Q3 2022 3 November 2022 Annual General Meeting 2022 25 March 2022 Your IR
Slide 18: For Forward Thinkers
FOR FORWARD THINKERS