Slide 1: Half-Year Results 2024
Eelco Spoelder, CEO, and Bernhard Wiehl, CFO Half-Year Results 2024 Autoneum. Mastering sound and heat.
Slide 2: Agenda
Agenda 1. Overview half-year 2024 Eelco Spoelder, CEO 2. Financial results half-year 2024 Bernhard Wiehl, CFO 3. Update on strategy and market development Eelco Spoelder, CEO 4. Outlook Eelco Spoelder, CEO 2
Slide 3: Highlights Half-Year 2024
Business development Highlights 15.1% Revenue growth in local currencies Successful implementation of Expanded position as global strategic short-term program market leader 5.4% GROUP EBIT margin Half-Year 2024 Autoneum recognized as a EBIT margin grew clearly Top Employer Switzerland by 1.3 percent
Slide 4: Achievements Level Up One 6–8
Strategic direction Achievements Level Up One 6–8 Turnaround North America Borgers PMI European performance Commercial & pricing Profitable growth ONE Autoneum Half-Year Results 2024 . July 25, 2024 4
Slide 5: Significant increase in profitability
Business development North America Significant increase in profitability CHF million Margin 4.6% Achievements 21.7 20.8 −0.5 • Significant increase in operating result and margin improvement due to: • Operational improvements in stability and efficiency in Margin -0.4% all plants including successfu
Slide 6: Agenda
Agenda 1. Overview half-year 2024 Eelco Spoelder, CEO 2. Financial results half-year 2024 Bernhard Wiehl, CFO 3. Update on strategy and market development Eelco Spoelder, CEO 4. Outlook Eelco Spoelder, CEO 6
Slide 7: Overview: Key figures
Key figures Overview CHF million HY1 2023 HY1 2024 Change Revenue 1 102.6 1 212.3 109.8 EBITDA 106.7* 128.1 21.4 in % of revenue 9.7% 10.6% EBIT 45.0* 65.8 20.8 in % of revenue 4.1% 5.4% Net result 51.5 36.1 −15.4 Free cash flow 30.6* 39.1 8.5 Basic earnings per share (EPS) in CHF 9.21 4.86 −4.35 *
Slide 8: Substantial rise in revenue thanks to inorganic growth
Revenue development Substantial rise in revenue thanks to inorganic growth CHF million 3.3 26.9 −6.5 −56.6 Inorganic 139.7 growth 14.8% 0.9 24.2 Organic −2.4 −0.4 −19.3 growth 0.3% 1 212.3 1 102.6 Revenue BG Europe BG North BG Asia BG SAMEA Corporate Inorganic/ Currency Revenue HY1 2023 America and
Slide 9: EBIT increase supported by operational improvements
Operating result (EBIT) development EBIT increase supported by operational improvements CHF million Margin Margin 4.6% 8.3% Margin 13.3% Margin Margin 5.4% 4.5% Margin 22.7 −4.8 −2.1 −0.4 4.1% 5.4 65.8 45.0 EBIT excl. BG Europe BG North BG Asia BG SAMEA Corporate and EBIT one-time effects America el
Slide 10: Considerable increase in profitability
Income statement Considerable increase in profitability • EBIT in the prior-year period included CHF million HY1 2023 HY1 2024 Change a one-off positive net special effect of CHF 33.6 million Revenue 1 102.6 1 212.3 109.8 • Financial result impacted by CHF 3.5 EBITDA 194.3 −66.1 million higher net f
Slide 11: Further strengthening of the balance sheet
Balance sheet Further strengthening of the balance sheet • Currency translation effects increased CHF million 31.12.2023 30.06.2024 Change total assets by CHF 64.4 million Total assets 1 671.2 1 716.7 45.5 • Net working capital reduced by Non-current assets (excl. leased assets) 734.4 759.3 25.0 CHF
Slide 12: Solid free cash flow
Cash flow statement Solid free cash flow • Improved operating cash flow due to CHF million HY1 2023 HY1 2024 Change increased operational earnings, supported by reduced seasonal net Cash flows from operating activities 24.2 68.3 44.0 working capital level Cash flows used in investing activities −117
Slide 13: Agenda
Agenda 1. Overview half-year 2024 Eelco Spoelder, CEO 2. Financial results half-year 2024 Bernhard Wiehl, CFO 3. Update on strategy and market development Eelco Spoelder, CEO 4. Outlook Eelco Spoelder, CEO 13
Slide 14: Continued focus on operational excellence, growth and increased profitability
Regional market development Continued focus on operational excellence, growth and increased profitability Europe Asia • Alignment of systems following successful • Secure Chinese OEM customer access integration of former Borgers plants • Keep improving cost competitiveness • Elevation of truck busin
Slide 15: Our Level Up roadmap
Strategic direction Our Level Up roadmap Strategy Values Mission Vision Purpose Half-Year Results 2024 . July 25, 2024 15
Slide 16: A decrease of 2.0% expected in 2024
Light vehicle production forecast A decrease of 2.0% expected in 2024 Yearly global automobile production million units +9.9% –2.0% 91.5 90.5 0.1 0.0 –0.7 88.7 –1.2 82.3 2022 2023 Europe North China RoW 2024 2025 America Source: S&P Global Light Vehicle Production Forecast of July 17, 2024 Half-Year
Slide 17: Agenda
Agenda 1. Overview half-year 2024 Eelco Spoelder, CEO 2. Financial results half-year 2024 Bernhard Wiehl, CFO 3. Update on strategy and market development Eelco Spoelder, CEO 4. Outlook Eelco Spoelder, CEO 17
Slide 18: Guidance for 2024 slightly improved
Guidance for 2024 slightly improved Revenue Profitability and free cash flow Based on the forecast market development1, The Company expects an EBIT margin of Autoneum anticipates revenue of 5.0% to 5.5% and a free cash flow in the high CHF 2.3 to 2.5 billion for the 2024 financial year. upper double
Slide 19: ig x
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Slide 20: Contacts and event calendar
Contacts and event calendar Investors and financial analysts Media Contact address Bernhard Weber Claudia Güntert Autoneum Holding Ltd Head Financial Services & IR Head Corporate Communications Schlosstalstrasse 43 / P.O. Box CH - 8406 Winterthur T +41 52 244 82 07 T +41 52 244 83 88 investor@autone
Slide 21: Disclaimer / Legal Note
Disclaimer / Legal Note Autoneum is making great efforts to include accurate and up-to-date information in this document, however, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liabi