Kion Group Ag · XETR:KGX
Kion — Q2 2022 Earnings Presentation
20 slides from Kion's earnings presentation, Jul 28, 2022
Slide 1: KION GROUP AG Q2 2022 Update Call
KION GROUP AG Q2 2022 Update Call Rob Smith (CEO and CFO ad interim) Frankfurt, 28 July 2022
Slide 2: Agenda
Agenda 1. Highlights 2. Market & Financial Update 3. Closing Remarks 4. Appendix 2 KION GROUP AG | Q2 2022 Update Call | 28 July 2022
Slide 3: Q2 2022 Key Financial Figures
Q2 2022 Key Financial Figures Strong order intake, but supply chain disruptions and higher costs impact results Order intake Revenue Adj. EBIT1 Free cash flow EPS €3.8bn €2.8bn €141m -€159m €0.60 +15% yoy +8% yoy -43% yoy -€198m yoy -49% yoy +29% qoq +2% qoq -17% qoq +€274m qoq -1% qoq Margin of 5.0
Slide 4: Actively Working Against a Challenging Environment
Actively Working Against a Challenging Environment Addressing higher procurement cost and supply chain disruptions Commercial agility Operational agility AGILE PRICING INTRODUCED ENHANCING PRODUCTION FLEXIBILITY ‒ Multiple price increases since January 2022 ‒ Successfully limited net increase in ‒ A
Slide 5: Q2 2022 Strategic Highlights
Q2 2022 Strategic Highlights Enlarging software offerings and mobile automation footprint 1 1 Dematic partners with Google Cloud to further accelerate Supply Chain Innovation using Artificial Intelligence (AI) and Machine Learning (ML) technologies Shortly after market launch at LogiMAT 2 2 KION Gro
Slide 6: Agenda
Agenda 1. Highlights 2. Market & Financial Update 3. Closing Remarks 4. Appendix 6 KION GROUP AG | Q2 2022 Update Call | 28 July 2022
Slide 7: Industrial Truck Market and ITS Order Intake
Industrial Truck Market and ITS Order Intake KION gained market share in Q1 2022 - order intake momentum slowed in Q2 2022 Industrial Truck Market Development of KION ITS segment Region Q1 Q2 Regional growth Q2 Q3 Q4 Q1 Q2 1 2 (Change in units yoy) 2022 2022 (Change in units yoy) 2021 2021 2021 2022
Slide 8: ITS – Key Financials
ITS – Key Financials Current order backlog secures more than one year of new business revenue 1 Change Change (in €m) Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 yoy qoq Order intake 2,221 1,710 2,435 2,082 2,745 +24% +32% Order backlog 2,265 2,316 2,878 3,193 4,220 +86% +32% Revenue 1,601 1,630 1,764 1
Slide 9: SCS – Market Growth and Pipeline
SCS – Market Growth and Pipeline Strong market fundamentals and robust pipeline Total Warehouse Automation Market1 Comments on market and project pipeline2 Revenue in €bn and CAGR in % Fundamental drivers remain intact Trends towards automation > +10% 69 Speed of fulfilment and delivery 42 44 30
Slide 10: SCS – Key Financials
SCS – Key Financials Order intake above the €1bn mark, driven by structural demand drivers 1 Change Change (in €m) Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 yoy qoq Order intake 1,039 1,399 1,062 843 1,022 -2% +21% Of which E-Commerce (%)2 55% 50% 38% 16% 21% Order backlog 3,150 3,671 3,792 3,695 3,76
Slide 11: KION Group – Key Financials
KION Group – Key Financials Order intake driven by high demand, price increases and positive FX-effects 1 Change Change (in €m) Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 yoy qoq Order intake 3,255 3,107 3,493 2,900 3,755 +15% +29% Order backlog 5,409 5,981 6,658 6,855 7,941 +47% +16% Revenue 2,593 2,5
Slide 12: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Net income sequentially stable supported by lower NRIs Change Change (in €m) Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 yoy qoq Comments Adj. EBITDA 458 442 376 391 368 -20% -6% 1 Net financial expenses driven D&A -210 -213 -225 -221 -227 +8% +3% by lower net interest resu
Slide 13: Cash Flow Statement
Cash Flow Statement Increase in semifinished truck inventory almost stopped in Q2 2022 Free cash flow Q2 2022 Comments (in €m) 1 2 1 NWC build up mainly caused 112 -199 by stocking of components and 117 temporarily increased working -131 capital needs of SCS 23 -85 3 -78 4 -35 -159 -197 Total number
Slide 14: Net Debt
Net Debt Increased net financial debt partially offset by lower pension liabilities Indebtedness and leverage1,2 ratios as at 30 June 2022 Comments (in €m) 2.6x2 1 Dividend payout and negative 2 free cash flow increased net 3,258 financial debt by €392m 767 2 Net pension liabilities decreased by €24
Slide 15: Agenda
Agenda 1. Highlights 2. Market & Financial Update 3. Closing Remarks 4. Appendix 15 KION GROUP AG | Q2 2022 Update Call | 28 July 2022
Slide 16: Key Takeaways
Key Takeaways Implementing multiple commercial and operational agility measures to sustainably strengthen the resilience of our business. Despite potential short-term softening in demand for intralogistics solutions, our order backlog provides significant revenue visibility for the quarters to come.
Slide 17: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Closing Remarks 5. Appendix 17 KION GROUP AG | Q2 2022 Update Call | 28 July 2022
Slide 18: Key Financials
Key Financials Group figures Industrial Trucks & Services2 Supply Chain Solutions Q2 Q1 FY Q4 Q3 Q2 Q1 FY Q2 Q1 FY Q4 Q3 Q2 Q1 FY Q2 Q1 FY Q4 Q3 Q2 Q1 FY (in €m) 2022 2022 2021 2021 2021 2021 2021 2020 2022 2022 2021 2021 2021 2021 2021 2020 2022 2022 2021 2021 2021 2021 2021 2020 Order intake 3,755
Slide 19: Financial Calendar
Financial Calendar Date Event 07 September 2022 KION @ Oddo-Commerzbank Annual Corporate Conference, Frankfurt 09 September 2022 KION @ Morgan Stanley Industrial CEOs Unplugged, London 12 September 2022 KION @ Bankhaus Metzler Roadshow, Frankfurt 20 September 2022 KION @ Goldman Sachs / Berenberg Ge
Slide 20: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, and together with its consolidated subsidiaries, the "KION Group") solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral p