Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — H1 2022 Earnings Presentation
18 slides from Rational Aktiengesellschaft's earnings presentation, 2022
Slide 1: Earnings Call HY 2022
Fast. Precise. Versatile. Consistently enhanced. Earnings Call HY 2022
Slide 2: Firmament, Vorarlberg, Austria
Firmament, Vorarlberg, Austria 200 seats restaurant, 143 rooms, events for 800 participants “iCombi and iVario are great production machines. You can pre- produce, cook overnight. You can work efficiently - that's it in a nutshell.“ Ernst Seidl, Founder of Firmament You can watch the whole video her
Slide 3: Hibernian Football Club, Edinburgh, Scotland
Hibernian Football Club, Edinburgh, Scotland Feeding ‘hungry Hibees’ - the greenest football club “If I were giving advice to anyone developing a catering operation right now, it would be to see what the iCombi Pro can do. I guarantee once you see it in action, you’ll want to install one in your kit
Slide 4: Sales revenues exceed all time high at 458 mEUR in HY1
Sales revenues exceed all time high at 458 mEUR in HY1 Sales above previous year – Q2 and half year new all time high +10% +34% 225 232 231 205 212 213 207 194 193 168 2019 2021 2022 2019 2021 2022 2019 2021 2019 2021 Q1 Q2 Q3 Q4 Sales revenues in mEUR Sales revenues growth in % 4
Slide 5: HY 2022 sales revenue by region
HY 2022– sales revenue by region All regions above 2019 - Asia slightly below previous year Europe 208 North America 181 Asia 76 84 169 67 52 60 55 +25% -9% HY 2019 HY 2021 HY 2022 HY 2019 HY 2021 HY 2022 +23% HY 2019 HY 2021 HY 2022 Latin America Germany Rest of the world 62 21 24 49 48 20 20 25 15
Slide 6: iVario continues growth story with +50% in sales in HY 2022
iVario continues growth story with +50% in sales in HY 2022 Both product groups were in strong demand Sales revenues iCombi Sales revenues iVario 395 366 338 63 42 34 +17% +50% HY 2019 HY 2021 HY 2022 HY 2019 HY 2021 HY 2022 Sales revenues in mEUR Sales revenue growth in % 6
Slide 7: Order backlog stabilising – extraordinary high orders in March
Order backlog stabilising – extraordinary high orders in March 400 mEUR or 44,000 units in order backlog end of Q2 ~ 400 mEUR › Around 400 mEUR or 44,000 units in order backlog end of June 2022. › Delivery times in the industry unchanged on extraordinary high level. › Orders in March were nearly twi
Slide 8: Prices on raw materials could stabilise in second half 2022
Prices on raw materials could stabilise in second half 2022 Cost pressure on suppliers and RATIONAL still unchanged › Price increases in many areas such as Price development1 Jan 2021 – Jun 2022 alloy surcharge, chemistry and plastics. 380% › For stainless steel (about 10% of 340% COGS), there was a
Slide 9: Pressure on gross margin despite sales price increases
Pressure on gross margin despite sales price increases OPEX deliver some positive impact on EBIT margin HY 2022 vs. HY 2021 › COGS: Higher component and raw material prices pressuring gross Margin Impact1 in mEUR HY 2022 HY 2021 Change margin, however positive trend in sales revenue 458 379 +21% ---
Slide 10: EBIT further stabilising, growing by 10%
EBIT further stabilising, growing by 10% EBIT margin at 20% in HY 2022 +206% +14% +8% +10% +8% 84 91 98 28 84 93 -72% 25% 25% 25% 20% 9% 22% HY 2017 HY 2018 HY 2019 HY 2020 HY 2021 HY 2022 EBIT in mEUR EBIT margin in % EBIT growth in % 10
Slide 11: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in mEUR HY 2022 HY 2021 Non-current assets 226 217 Inventories 103 78 Trade receivables 146 122 Other assets 92 51 Liquid funds 181 242 Total assets 748 710 Equity 560 544 Non-current liabilities 33 34 Current prov
Slide 12: Further investment with additional members in our team
Further investment with additional members in our team Inflationary environment reason for comparably high salary increase › Our employees are the foundation of 2,341 2,258 2,248 2,180 our success. 2,113 1,884 › RATIONAL was awarded best Employer Brand by TalentAttract. › Due to the high inflation,
Slide 13: Outlook 2022 confirmed
Outlook 2022 confirmed Growth path expected to continue despite overall challenges › We expect sales to grow by 10 to 15% compared to previous year’s sales. › With costs increasing less than revenues and positive FX impacts RATIONAL expects an EBIT margin on 2021 level. › Should supply chain or geop
Slide 14: RATIONAL to exit the Russian market by the end of 2022
RATIONAL to exit the Russian market by the end of 2022 › We suspended the supply of cooking systems to Russia because of government sanctions. › Business operations in Russia will be terminated by the end of 2022. › Sales in Russia and Belarus accounted for around 2% of total sales in FY 2021. 14
Slide 15: Appointment of Dr-Ing Martin Hermann as CTO
Appointment of Dr-Ing Martin Hermann as CTO Successor to Peter Wiedemann starts on 1 September 2022 › Previous Member of the Board and CTO/COO at Hauni Maschinenbau GmbH Hamburg from 2012 to 2020 with global responsibility for R&D as well as for production, supply chain and quality management. › Bef
Slide 16: New format – RATIONAL IR talks
New format – RATIONAL IR talks Regular Investor Relations communication in turbulent times › The format will be comparable with the fireside chats that became very popular in the last two years. › In order to give all interested people the chance to get in touch with us on a regular basis, we have s
Slide 17: Please send your questions to ir@rational-online.com
Please send your questions to ir@rational-online.com
Slide 18: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or