Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Q1 2023 Earnings Presentation
21 slides from Rational Aktiengesellschaft's earnings presentation, May 4, 2023
Slide 1: Earnings Call Q1 2023
When it tastes great, we all speak the same language. Earnings Call | Q1 2023 Landsberg am Lech, 4 May 2023
Slide 2: When it tastes great, we all speak the same language
When it tastes great, we all speak the same language.
Slide 3: RATIONAL is Factory of the Year 2022
RATIONAL is Factory of the Year 2022. After the initial release, the celebrations took place in March
Slide 4: Richmond University Reference Video
Richmond University Reference Video “Anyone in the industry will say, if they've gone from a convection oven to a RATIONAL, there's no comparison. The iVario is the same – it’s the same story. RATIONAL came out with a superior product by far.” Tyler Betzhold, Executive Chef 6
Slide 5: Save Energy and Money with RATIONAL iCombi Pro
Save Energy and Money with RATIONAL iCombi Pro compared to a 6-year-old RATIONAL combi-steamer Find Articles on our website How the hospitality industry can also contribute to protecting the environment. The differences between gas tilting pan and gas boiler vs. iVario Pro. To save energy in 10 step
Slide 6: Figures. Facts. Data. Fiscal Year 2022
Figures. Facts. Data. Fiscal Year 2022
Slide 7: 1 billion euros in sales for the first time
1 billion euros in sales for the first time in the company's history 2022 sales revenues increased by 31% to 1,022 m EUR +31% Sales revenues in m EUR +8% -23% 1,022 +11% +20% +15% 844 778 780 702 650 613 2016 2017 2018 2019 2020 2021 2022
Slide 8: Sales revenues near all-time high of previous quarter
Sales revenues near all-time high of previous quarter Strong order backlog and price increases support sales revenues Sales revenues in m EUR +25% 282 290 274 225 232 2022 2023 2022 2022 2022 2022 2022 2022 Q1 Q2 Q3 Q4
Slide 9: First quarter 2023: Sales revenue by region
First quarter 2023: Sales revenue by region All regions growing – North America biggest growth and potential North America Germany Asia +41% +10% +21% 32 36 36 55 30 39 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Europe +21% Latin America 124 Rest of the world 103 +41% +51% 15 18 10 12 Q1 2022 Q
Slide 10: iCombi boosts growth, iVario recovers
iCombi boosts growth iVario recovers from last year’s sales Sales revenues in m EUR iCombi +30% iVario 254 195 -4% 30 29 Q1 2022 Q1 2023 Q1 2022 Q1 2023 13
Slide 11: Non-unit business
Non-unit business Recurring sales through accessories, cleaners and service parts Sales revenues in m EUR Unit sales +29% Non-unit sales* 203 156 +15% 80 69 Q1 2022 Q1 2023 Q1 2022 Q1 2023 *Non-unit sales represent accessories and service parts sales of both product groups. Individual values and tot
Slide 12: Further normalisation of delivery times
Further normalisation of delivery times 200 m EUR or 18,000 units in the order book at the end of Q1 2023 Orders Sales revenues Order backlog ~200 m EUR ~70 m EUR Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2018 2019 2020 2021 2022 2023
Slide 13: EBIT growth over-proportionally
EBIT growth over-proportionally EBIT margin at 23.5% in Q1 2023 +39% EBIT in m EUR EBIT margin 66 +14% -44% +48% 47 +24% 48 41 32 26 24% 24% 24% 21% 19% 14% Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023
Slide 14: Gross margin supported by pricing and high production volume
Gross margin supported by pricing and high production volume EBIT margin increased by 2.3 percentage points to 23.5% Q1 2023 vs. Q1 2022 Q1 Q1 in mEUR 2023 2022 Change Margin Impact1 Strong sales support margin sales revenue 282 225 +25% --- + development COGS -125 -102 +22% +1.2% Gross Profit 157 1
Slide 15: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in m EUR Q1 2022 FY 2022 Q1 2023 26% Non-current assets 222 237 244 13% Inventories 102 116 118 Trade receivables 145 175 175 28% Other assets 98 163 260 19% Liquid funds 251 208 137 Total assets 818 899 934 15% 78
Slide 16: Investments
Investments Forward-looking investments thanks to solid financial situation Depreciation/amortisation Investments in m EUR 40 40 40 37 35 31 30 31 29 25 26 14 2018 2019 2020 2021 2022 2023e *The years 2019 and following include depreciation resulting from IFRS 16.
Slide 17: Dividend 2022
Dividend 2022 Dividend of 11.00 Euros and special dividend of 2.50 Euros proposed Dividend per share Special dividend per share in EUR Earnings per share 16,33 11 € Dividend per share 15,09 13,84 12,58 10,88 2,50 2,50 € Special dividend per share 2,20 11,00 9,50 2,50 8,80 7,04 7,50 5,70 83% Total pa
Slide 18: Employee satisfaction remains on high level
Employee satisfaction remains on high level 87% of our employees are proud to work for RATIONAL Number of employees 2,401 2,450 2,258 2,248 2,180 2,113 are proud to work at 87% RATIONAL 8% Staff turnover in 2022 5% Wage increase in Germany 2022 2,000 € +15% Inflations compensation bonus per head in
Slide 19: Sales revenue and profit outlook for 2023
Sales revenue and profit outlook for 2023 Cautiously optimistic for the current fiscal year Sales growth Operating costs EBIT will rise at a slightly in the high single-digit rise slightly faster than slower pace than sales percentage range. sales revenues. revenues.
Slide 20: RATIONAL
RATIONAL
Slide 21: Disclaimer
Disclaimer Diese Präsentation dient ausschließlich dem Zweck, die RATIONAL-Gruppe vorzustellen und einen kurzen Überblick zu geben. Die in ihr enthaltenen Informationen erheben keinen Anspruch auf Vollständigkeit und eignen sich nicht als Basis für unternehmerische Entscheidungen oder als Anlageempf
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