Heidelberger Druckmaschinen Ag · XETR:HDD
Heidelberger Druckmaschinen — Q2 FY 2021/22 Earnings Presentation
17 slides from Heidelberger Druckmaschinen's earnings presentation, Nov 10, 2021
Slide 1: Perspectives
Perspectives Heidelberger Druckmaschinen AG - Second Quarter Results FY 2021/2022 Rainer Hundsdörfer, CEO | Marcus A. Wassenberg, CFO | Wiesloch, November 10 th, 2021 PERSPECTIVES
Slide 2: Half year 2021/22.
Half year 2021/22. Heidelberg delivers on profit recovery. Clear improvement in operating Order backlog now above pre- result and net profit due to trans- Covid19 levels, ensures volume for formation and volume recovery remaining FY 2021/2022 Cooperation with Munich Re enables E-mobility continues r
Slide 3: Stock price.
Stock price. Key values helped our share outperform indices since prior FY. 100% +93% 80% 60% +54% 40% 20% 0% 04.2021 05.2021 06.2021 07.2021 08.2021 09.2021 10.2021 11.2021 -20% HDD DAX SDAX // Implementation of our strategy to continually generate value. © Heidelberger Druckmaschinen AG Source: Bl
Slide 4: Strategy update.
Strategy update. Positive development of our growth areas continues. Chinese market recorded strong order intake in H1, especially in the Packaging Segment. E-mobility sales tripled compared to last year, despite restrictions in the supply. New strategic partnership for subscription financing. 13 %
Slide 5: Order development.
Order development. Strong order backlog at the half-year mark. Pre-Covid Dip Recovery FY Order book as of September reaches high FY 19/20 FY 20/21 21/22 level at half-year, also due to successful trade Order backlog fair in China (Q1). 886 818 840 730 756 Incoming orders continue underlying 682 612
Slide 6: Q2 FY 21/22.
Q2 FY 21/22. Increasing sales driving improved earnings quality & positive free cash flow. Net Sales Free Cashflow 983 74 805 475 542 +126m 45 +22% +14% 11 +34m -52 #1 6m FY 21 6m FY 22 Q2 FY 21 Q2 FY 22 #3 6m FY 21 6m FY 22 Q2 FY 21 Q2 FY 22 EBITDA* [in % of Net Sales] Result after taxes* 75 27 67
Slide 7: Earnings bridge.
Earnings bridge. Significant increase in quality of earnings. FY 21 H1 reported 67 // Main changes y/y: -73 - Reorganization of the pension scheme -50 - Lower compensation from short-time work 27 + Restructuring expenses non reoccurring 42 + Volume & margin improvements > 80 Mio. € operating improve
Slide 8: New segmentation makes potentials transparent.
New segmentation makes potentials transparent. Strong recovery in core business - new business areas growing. Customer Segment Print Solutions Packaging Solutions Technology Solutions Customer Commercial Digital Folding Carton Label E-Mobility Zaikio* Category Industrial Print Other Technology Other
Slide 9: Financing framework.
Financing framework. Further risk reduction: slightly positive net financial position. Equity (ratio) Pension liabilities // Essential factors: 978 (5,3%) (5,2%) (6,0%) 946 930 • Net financial position has turned positive after further repayment of 115 109 137 financial liabilities Q2 FY 21 Q4 FY 21
Slide 10: Half year.
Half year. Outlook for the current FY 2021/22 confirmed. 26% of the lifecycle turnover • Strong order backlog raises 20% market share Sales > € 2 billion confidence in meeting sales target for private charging systems in Germany • Supply and logistics chains must be closely monitored • Increasing qu
Slide 11: Focus on strategic initiatives.
Value creation. Focus on strategic initiatives. Value levers 1 Operating 2 Strengthen 3 Capture value 4 Grow in further profitability core business in new ventures adjacent business Streamline Raise share of Further expand Based on existing organization wallet in packaging E-Mobility competences Opt
Slide 12: Subscribe to perform.
Subscribe to perform. Promoting Subscription with a new strategic partnership. Cyclical transactional sales transformed into a business model linked to the stable Heidelberg Munich RE print production output. Low OOE in the customer base gives significant Offering HD’s pay-per-use potential to grow
Slide 13: Zaikio.
Zaikio. An open, supplier independent, cloud-based industry platform. Procurement platform ERP Supplier // Business proposition: Collecting transaction fees for enabling seamless automated and IT Systems Printer integrated purchasing workflows Cloud & on-premise USP for print-shops and their supplie
Slide 14: E-mobility.
E-mobility. Growth story continues. Growth drivers: Net Sales New registrations of battery electric cars continue 21 12 to rise rapidly. 3x 9 Corresponding, the smallest part of the required 9 charging points has been delivered so far. 7 6 Public funding pushes growth at the beginning. 4 3 Explore n
Slide 15: E-mobility.
E-mobility. Future business models with recurring revenue potential. Home energy Fleet management Fast charging as management priceable service in semi-public area #1 #2 #3 // Smart solutions for energy transition and sustainable mobility. © Heidelberger Druckmaschinen AG 15
Slide 16: Perspectives.
Perspectives. Creating added value for customers, shareholders and employees. Market recovery continued in Strong improvement in operating second quarter. profit trough implementation of transformation. Focus on cash management Development of the supply already generates substantial situation must b
Slide 17: Disclaimer
Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel
Heidelberger Druckmaschinen — Q2 FY 2021/22 Earnings Presentation on 6ix