Draegerwerk Ag & Co. Kgaa · XETR:DRW8
Draegerwerk Ag & Co. Kgaa — Drägerwerk AG & Co. KGaA — Q1 2024 Earnings Presentation
36 slides from Draegerwerk Ag & Co. Kgaa's earnings presentation, April 2024
Slide 1: Capital Markets Presentation
Capital Markets Presentation Drägerwerk AG & Co. KGaA April 2024, Lübeck Fußzeile: Bitte entsprechende Gesellschaft ergänzen
Slide 2: Disclaimer
Disclaimer — This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities. No money, securities or other consideration is being solicited by this presentation. This presentation contains forward-looking statements regarding the future
Slide 3: Content – Agenda
Content – Agenda — 01 Company 02 Financials 03 Outlook Drägerwerk AG & Co. KGaA 3
Slide 4: Dräger products protect, support and save lives
„Dräger products protect, support and save lifes.“ Stefan Dräger, Chairman of the Executive Board Drägerwerk AG & Co. KGaA 4
Slide 5: Company
01 Company Drägerwerk AG & Co. KGaA 5
Slide 6: Net sales development – Long-term growth
Net sales development – Long-term growth Corona 4.000 pandemic Ukraine war 3.500 Debt 3.000 crisis Financial 2.500 crisis Stock- market 2.000 Russian crash Mexican financial 1.500 peso crisis crisis 1.000 500 0 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2010 2012 2013 2014 2015 2016 2017
Slide 7: Dräger worldwide: Net sales, employees, sites
~42% ~58% Dräger worldwide Safety Division 24% Medical Division Net sales, employees, sites 3.4 bn EUR net sales 20231 21% 54% ~59% ~19% Sales, Production, quality, 18% Marketing, logistics, purchasing service 16,329 24% employees ~11% Research Headquarters 20231 and development Headquarters 58% Dev
Slide 8: Our markets
Our markets Hospital Fire Services Oil and gas industry Mining Chemical industry Mehrere Bilder? Drägerwerk AG & Co. KGaA 8
Slide 9: Medical division
Medical division Operating Room Neonatal Care Intensive Care Hospital wide solutions Anaesthesiology Patient Monitoring & Clinical IT • Anaesthesia • Infinity Acute Care workstations and vaporizers • System Clincal software • #1 in Europe and solutions #2 in the US market • Telemetry and IT-
Slide 10: Safety division
Safety division Chemical Oil & Gas Mining Fire Service Other Markets Breathing Systems Impairment Check Equipment • Self-contained • Alcohol- and drug Breathing Appartus for fire fighters • screening devices Interlock devices • #2 worldwide and • #1 worldwide and #1 in Europe #1 in Europ
Slide 11: Medical and safety technology providing long-term growth prospects
Medical and safety technology providing long-term growth prospects Medical division Safety division • Average expected annual market growth for the global • Very diversified markets with numerous product and medical equipment market significantly exceeding service offerings Attractive growth prospec
Slide 12: Technology and innovation leadership to drive profitable growth
Technology and innovation leadership to drive profitable growth Strong R&D focus Innovation to enhance future growth (examples) • Approximately 1,800 employees in R&D around the globe. • EUR ~325 million spent for R&D activities in 2023.* • Very close collaboration with customers to develop new and
Slide 13: Exploit growth potentials in developing countries
Exploit growth potentials in developing countries • Focus on the specific needs of customer in developing countries Investments in profitable • Capitalize on the significant investments into the Sales & Service infrastructure and specific growth in developing market knowledge, especially in our Regi
Slide 14: Service- and consumables business a clear focus of our sales activities
Service- and consumables business a clear focus of our sales activities Further expansion of • Capitalize on large installed base to expand after sales business service and consumables • Focus on combined sale of equipment and after sales contracts business • Expansion of disposable consumables busi
Slide 15: Financials
02 Financials Drägerwerk AG & Co. KGaA 15
Slide 16: Business development Dräger Group – 5-year view
Business development Dräger Group – 5-year view Dräger Group 2019 2020 2021 2022 2023 Q1 2024 Q1 2023 € million € million € million € million € million € million € million Net sales 2,781 3,406 3,328 3,045 3,374 736 761 Change (nominal) 7.2% 22.5% -2.3% -8.5% 10.8% -3.3% 18.0% Change (net of currenc
Slide 17: Key figures Dräger Group – 5-year view
Key figures Dräger Group – 5-year view Dräger Group 2019 2020 2021 2022 2023 Q1 2024 Q1 2023 Change € million € million € million € million € million € million € million % Cashflow (from operating activities) 164 460 385 -144 190 34 -4 >+100 Investments 121 178 194 131 142 23 30 -25.2 Cash and cash
Slide 18: Outlook
03 Outlook Drägerwerk AG & Co. KGaA 18
Slide 19: Guidance: Expectations for fiscal year 2024
Guidance Expectations for fiscal year 2024 Results achieved Forecast for Indicator for fiscal year 2023 fiscal year 2024 Net sales (net of currency effects) 13.1% 1.0 to 5.0% Gross margin 43.3% 43.0 to 45.0% EBIT margin 4.9% 2.5 to 5.5% DVA EUR 55.8 million EUR -60 to 40 million Drägerwerk AG & Co.
Slide 20: Technology for Life
Technology for Life Drager
Slide 21: Guidance: Expectations for fiscal year 2024
Guidance Expectations for fiscal year 2024 Forecast for Current forecast Results achieved Indicator fiscal year 2024 for fiscal year 2023 (last published) Net sales (net of currency effects) 13.1% 1.0 to 5.0% confirmed Gross margin 43.3% 43.0 to 45.0% confirmed EBIT margin 4.9% 2.5 to 5.5% confirmed
Slide 22: Executive Board of Drägerwerk Verwaltungs AG
Executive Board of Drägerwerk Verwaltungs AG Stefan Dräger Gert-Hartwig Lescow Rainer Klug Dr. Reiner Piske Anton Schrofner Chairman of the Deputy Chairman of Executive Board Executive Board Executive Board Executive Board ‒ the Executive Board; member for Safety member for Sales & member for Medica
Slide 23: Dräger shares: Shareholder structure
Dräger shares Shareholder structure 10,160,000 Common shares (28.4% Free float) 8,600,000 Preferred shares (100.0% Free float) USA Germany Free float 36% 3% 28.38% Great Britain 3% France 5% Shareholding Norway Shareholder structure 2 Common shares 1 5% Rest of Europe 6% Rest of the world Dräger fam
Slide 24: Business development Group / Division / Region
Business development Group / Division / Region Dräger Group 2020 2021 2022 2023 Q1 2024 Q1 2023 Change Change € million € million € million € million € million € million % nominal % fx-adj. Medical division 2,302.2 2,064.2 1,821.5 1,966.2 453.7 465.3 -2.5 -1.9 Safety division 1,104.1 1,264.2 1,223.7
Slide 25: Medical division Business development
Medical division Business development Medical division 2020 2021 2022 2023 Q1 2024 Q1 2023 Change Change € million € million € million € million € million € million % nominal % fx-adj. Net sales 2,302.2 2,064.2 1,821.5 1,966.2 417.4 469.9 -11.2 -10.4 Germany 522.6 465.1 367.5 402.7 94.8 94.3 0.6 0.6
Slide 26: Safety division Business development
Safety division Business development Safety division 2020 2021 2022 2023 Q1 2024 Q1 2023 Change Change € million € million € million € million € million € million % nominal % fx-adj. Net sales 1,104.1 1,264.2 1,223.7 1,407.3 318.4 291.2 9.3 10.0 Germany 285.5 299.0 298.0 345.6 75.2 68.1 10.4 10.4 EM
Slide 27: Functional expenses Group 5-year view
Functional expenses Group 5-year view Dräger Group 2019 2020 2021 2022 2023 Q1 2024 Q1 2023 Change € million € million € million € million € million € million € million % R&D -263.7 -289.6 -328.6 -343.5 -325.4 -80.9 -83.4 -2.9 % of net sales -9.5% -8.5% -9.9% -11.3% -9.6% 11.0% 11.0% Sales & Marketi
Slide 28: Cash flow statement Group 5-year view
Cash flow statement Group 5-year view Dräger Group 2019 2020 2021 2022 2023 Q1 2024 Q1 2023 Change € million € million € million € million € million € million € million % Group net profit 33.8 249.9 154.3 -63.6 112.0 7.5 17.2 -56.1 Change in inventories -24.5 -162.0 14.4 -81.8 13.0 -50.8 -58.6 -13.4
Slide 29: Balance sheet (assets) Group 12M
Balance sheet (assets) Group 12M Assets 12.2023 12.2022 Change € million € million % Intangible assets 345.6 350.6 -1.4 Property, plant and equipment (incl. Right-of-use-assets) 571.3 587.9 -2.8 Other noncurrent assets 305.9 265.4 15.2 Noncurrent assets 1,222.8 1,203.9 1.6 Inventories 654.7 697.0 -6
Slide 30: Balance sheet (equity and liabilities) Group 12M
Balance sheet (equity and liabilities) Group 12M Equity and liabilities 12.2023 12.2022 Change € million € million % Equity 1,409.2 1,319.4 6.8 Provisions for pensions and similar obligations 204.6 202.9 0.8 Noncurrent personnel provisions 35.4 34.7 2.0 Noncurrent interest bearing loans 157.7 62.2 >
Slide 31: Simplification of the capital structure (1 of 2)
Simplification of the capital structure (2020-2023) Termination of participation certificates (1 of 2) Distributable result 32% 100% Participation certificates Common & preferred shares Series A, series K, series D 5 Securities 2 Securities 68% Common & preferred shares Drägerwerk AG & Co. KGaA 31
Slide 32: Simplification of the capital structure (2 of 2)
Simplification of the capital structure (2020-2023) Termination of participation certificates (2 of 2) Termination of participation certificates Earnings per share Pro forma as of December 2020, assuming full In 2020, all 831,951 outstanding participation certificates were cancelled. distribution an
Slide 33: Sustainability Ratings
Sustainability Ratings • In the EcoVadis Institute's CSR Assessment, Dräger was among the top five percent of companies rated by EcoVadis in 2023, achieving ›Gold‹ status. • In addition, Dräger once again received the ›Prime Label‹ within the scope of ISS’ ESG Corporate Rating and thus took a top po
Slide 34: Financial calendar
Financial calendar Events Dräger publishes preliminary results approximately 2 weeks before the dates of the quarterly reports. Preliminary results for the full year are published in January. March 7, 2024 Annual Report 2023 Conference Call April 25, 2024 Report for the first three months 2024 Confe
Slide 35: Contact
Contact Thomas Fischler | Head of Treasury & Investor Relations Moislinger Alle 53-55 23558 Lübeck, Germany Tel. +49 451 882 2685 Mail: thomas.fischler@draeger.com Nikolaus Hammerschmidt | Investor Relations Manager Moislinger Alle 53-55 23558 Lübeck, Germany Tel. +49 451 882 8903 Mail: nikolaus.ham
Slide 36: Thank you
Thank you Drägerwerk AG & Co. KGaA 36
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