Bekaert Sa · EURONEXT:BEKB
Bekaert Sa — Q3 2024 Earnings Presentation
16 slides from Bekaert Sa's earnings presentation, Nov 22, 2024
Slide 1: Q3 Trading Update
Q3 Trading Update 22 November 2024
Slide 2: Safe harbor
Safe harbor This presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results
Slide 3: Agenda
Agenda 1 Introduction and highlights Yves Kerstens, CEO Financial review 2 Seppo Parvi, CFO Yves Kerstens CEO 3 Outlook Yves Kerstens, CEO 4 Q&A Seppo Parvi CFO 3
Slide 4: Introduction and highlights
Introduction and highlights 4
Slide 5: Q3 2024 trading update
Q3 2024 trading update Taking actions to address weaker end market conditions − Trading increasingly difficult in H2 2024 − Sales of €956m in Q3 2024 (-8% vs Q3 2023) − -3% from lower wire rod prices and energy charges − -5% from lower volumes − Ongoing and proactive cost management to support margi
Slide 6: Mixed performance across the business
Mixed performance across the business Strong focus on portfolio rationalization in challenging markets − Rubber Reinforcement − Weak Q3 especially in China and Europe, demand particularly impacted in truck tires − Steel Wire Solutions − Continuing strong performance of H1, despite lower volumes and
Slide 7: Developments in Q3 2024
Developments in Q3 2024 Proactive cost management Dramix® recognized for its environmental benefits Dramix® won the 2024 China Green Point Award organized by Initiatives to reduce overheads YICAI (China Business Network) Operating efficiency improvements including ongoing footprint Dramix®, recogniz
Slide 8: BBRG operational update
BBRG operational update Turnaround plan of Steel Ropes businesses in US & UK on track − Q3 sales further impacted by output issues in steel ropes businesses in US & UK − Progress made during the quarter particularly in North America − Resolution of the operational issues remains on track − Rope volu
Slide 9: Financial review
Financial review 9
Slide 10: Consolidated sales bridge
Consolidated sales bridge Managing increasingly weak end markets in the third quarter in million of € 1,036 410 956 ale Q3 2023 effe t olume a material ri e i ale Q3 2024 in ation * Includes energy costs. 10
Slide 11: Consolidated sales Q3 2024
Consolidated sales Q3 2024 Managing increasingly weak end markets in the third quarter Consolidated Sales Variance (%) Raw (in million of €) Material Price- + mix + Volume = Organic + FX + M&A = Growth & energy 1.2 1,036 -0.1 -0.7 -7.8% -3.0 -5.2 956 -8.3 -7.8 RM, energy Q3 2023 Q3 2024 Price-mix +
Slide 12: Outlook
Outlook 12
Slide 13: Share buyback restarted
Share buyback restarted − Continue to actively evaluate acquisition opportunities and to reposition in faster growing markets. − With the investments already made in the growth platforms, the group has established a position to scale further as these markets develop. − In 2024 there have been fewer
Slide 14: Summary & outlook
Summary & outlook − Mixed performance across the business − SWS strong performance − Difficult market for RR − Volume growth in Construction, mixed performance in rest of Specialty Businesses − BBRG sales volumes & margins expected to return by year-end − Challenging environment − Second half of 202
Slide 15: Q&A
Q&A 15
Slide 16: Bekaert
= Bekaert