Ascom Holding Ag · SIX:ASCN

Ascom — H1 2021 Earnings Presentation

23 slides from Ascom's earnings presentation, Aug 19, 2021

  1. Slide 1: Half-Year Media Conference 2021

    Half-Year Media Conference 2021 19 August 2021 HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 1

  2. Slide 2: Welcome

    Welcome Jeannine Pilloud, CEO HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 2

  3. Slide 3: Agenda

    Agenda  Business Review H1/2021 Jeannine Pilloud, CEO  Financial Review H1/2021 Dominik Maurer, CFO  Outlook 2021 & Mid-Term Guidance Jeannine Pilloud, CEO  Q&A HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 3

  4. Slide 4: Business Review H1 2021

    Business Review H1 2021 Jeannine Pilloud, CEO HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 4

  5. Slide 5: Ascom Continues Journey on Growth Path

    Ascom Continues Journey on Growth Path Resilient performance since acceleration of strategy implementation  2021 half-year results confirm growth path and increasing performance  Since H1/2019, Ascom achieved a compound annual growth rate (CAGR) of 3.0% (at actual 2020 rates) despite transformatio

  6. Slide 6: First Half-Year 2021 at a Glance

    First Half-Year 2021 at a Glance Solid growth and improved profitability Solid revenue growth of 5.0% (3.1% at constant currencies) Improved profitability with EBITDA margin of 7.2% (H1/2020: 6.3%) Ongoing challenging environment due to Covid-19 pandemic and component shortage Incoming orders with s

  7. Slide 7: Transformation Completed

    Transformation Completed  Successful completion of transformation  Leaner organization with end-to-end responsibility in the regions  Standardized offerings  Introduction of partner- and channel management  Solid development of delivery process  Simplified top management structure HALF-YEAR ME

  8. Slide 8: Key Markets Performed Well Despite Ongoing Pandemic

    Key Markets Performed Well Despite Ongoing Pandemic Highlights Lowlights Strong business performance in the Netherlands Ongoing challenging market environment due to and UK Covid-19, in particular in Southeast Asia and Australia Bounce back of France & Spain and OEM business Revenue decrease in DACH

  9. Slide 9: Selection of Substantial Wins in H1 2021

    Selection of Substantial Wins in H1 2021 GPOs (USA) (Two new frame South- contracts) Vaasa Eastern Hospital Norway Finland (Framework (Major agreement to Region Midt healthcare deliver SW Denmark contract) solutions) (Comprehensive solution incl. Digistat and Wins Myco 3) University Netherlands Hosp

  10. Slide 10: Financial Review H1 2021

    Financial Review H1 2021 Dominik Maurer, CFO HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 10

  11. Slide 11: Key Figures H1 2021

    Key Figures H1 2021 At actual currencies H1 2020 H1 2021 Variance to PY cc CHF Net revenue 133.4 CHFm 140.1 CHFm +3.1% +5.0% Incoming orders 154.8 CHFm 166.2 CHFm +5.2% +7.4% Order backlog* 194.3 CHFm 246.3 CHFm +22.5% +26.8% 8.4 CHFm 10.1 CHFm EBITDA +0.7 CHFm +1.7 CHFm (EBITDA margin of 6.3%) (EBI

  12. Slide 12: Incoming Orders Increased by 7.4% (5.2% at constant currencies)

    Incoming Orders Increased by 7.4% (5.2% at constant currencies) In CHFm USA & Major Regions Canada Europe 28.7 102.9 %-CHF: -2.4% %-CHF: +9.8% %-cc: +3.7% %-cc: +6.4% Rest of OEM World 14.9 19.7 %-CHF: %-CHF: +91.0% -17.6% %-cc: +76.9% %-cc: -20.9% Note: All values as reported = actual rates, when m

  13. Slide 13: H1 2021 Revenue Development

    H1 2021 Revenue Development In CHFm Revenue growth at constant currencies: +3.1% 140.1 2.5 137.6 4.2 133.4 H1 2020 Revenue Revenue Growth H1 Revenue at Currency Effect H1 2021 Revenue constant currencies Note: When not specified otherwise, all values as reported = actual rates HALF-YEAR MEDIA CONFER

  14. Slide 14: Revenue H1 2021 – Regional Development

    Revenue H1 2021 – Regional Development Deviations in actual rates (%-CHF) and at constant currencies (%-cc) Revenue Variance to PY Region CHFm %-cc %-CHF DACH 20.0 -12.4% -11.1% France & Spain 9.5 +22.4% +25.0% Netherlands 27.3 +9.0% +11.9% Nordics 20.2 -0.5% +5.2% UK 8.2 +19.4% +22.4% USA & Canada

  15. Slide 15: H1 2021 – Income Statement

    H1 2021 – Income Statement In CHFm 2021 % 2020 % Variance Variance in %-cc in %-CHF Net Revenue 140.1 100.0% 133.4 100.0% 3.1% 5.0% Cost of Sales (72.7) (51.9%) (69.7) (52.2%) 3.9% 4.3% Gross Profit 67.4 48.1% 63.7 47.8% 2.4% 5.8% Marketing and Sales (36.3) (25.9%) (33.9) (25.4%) 5.3% 7.1% Research

  16. Slide 16: EBITDA Development

    EBITDA Development In CHFm 1.5 -0.9 -1.1 -1.8 5.1 -0.8 -1.3 10.1 8.4 1.0 2020 H1 EBITDA Currency Effects Reduced Revenue and Increased freight Product mix cost Investments in Sales Investment in ICT Lower Capitalization 2021 H1 EBITDA operating costs Productivity Related Note: All values in CHFm, EB

  17. Slide 17: Cash Flow Development

    Cash Flow Development In CHFm 16.1 -19.0 -4.8 8.4 33.0 31.8 0.5 0.0 Cash and Cash Cash from CAPEX Changes in Borrowing Dividends Other Cash Flows Cash and Cash Equivalents at Operating Financial Assets Repayments Equivalents at 31.12.2020 Activities 30.06.2021 Note: All values in CHFm at actual rate

  18. Slide 18: Balance Sheet

    Balance Sheet In CHFm 2021 2020 2020 2019 30-Jun 31-Dec 30-Jun 31-Dec Cash & Cash Equivalents 33.0 31.8 29.2 18.2 Borrowings 0.0 19.0 28.0 40.0 Net Cash / (Net Debt) 33.0 12.8 1.2 (21.8) Net Working Capital 45.2 49.0 44.2 68.2 Total Assets 192.6 203.1 200.6 214.2 Total Equity 75.3 71.1 61.2 63.2 Equ

  19. Slide 19: Guidance & Outlook

    Guidance & Outlook Jeannine Pilloud, CEO HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 19

  20. Slide 20: Targets 2021 Reiterated

    Targets 2021 Reiterated Ascom targets for 2021 a low single digit revenue growth and strives to achieve a double-digit EBITDA margin* *at constant currencies and given a stable economic development HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 20

  21. Slide 21: Mid-term Guidance

    Mid-term Guidance*  Ascom sees a clear path to double-digit growth over the next years  Above-average growth of the Healthcare communication market driven by digitalization, post- Covid developments, governmental funding programs  Growth opportunities in the US market due to new GPO frame agreeme

  22. Slide 22: Q&A

    Q&A HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 22

  23. Slide 23: Next Event – Ascom Full-Year Results 2021

    Next Event – Ascom Full-Year Results 2021 – 8 March 2022 HALF-YEAR MEDIA CONFERENCE | 19 AUGUST | ©2021 ASCOM 23

Ascom Holding — H1 2021 Earnings Presentation on 6ix