Slide 1: Interim Report H1 2021
Interim Report H1 2021 Jukka Rinnevaara, CEO Juha Hyytiäinen, CFO Teleste Proprietary. All rights reserved. Unclassified
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the Company. The information on which it is based has not been independently verified by any other person. This presentation is not intended to provide the basis of any investment decision and should not be considered as a recommendation by the Compa
Slide 3: Q2 2021 highlights
Q2 2021 highlights ▪ Net sales 35,8 MEUR (33,5) +6,8 % ▪ Adjusted EBIT 1,1 MEUR (0,1) +674,1 % ▪ Earnings per share 1) 0,04 EUR (-0,11) ▪ Operative cash flow 1) 9,6 MEUR (11,1) -13,6 % ▪ Orders received 43,9 MEUR (30,0) +46,0 % ▪ Order book 84,2 MEUR (79,0) +6,5 % 1) 2020 includes discontinued opera
Slide 4: Half-year 2021
Half-year 2021 • Positive development of the key figures • Record-high level order backlog 84,2 M€, of which 36 M€ delivery time in 2021 • On-board displays for Alstom´s South Africa project and a video security solution to a customer in the Middle East • COVID-19 pandemic is not over, but business
Slide 5: Focus areas for 2021
Focus areas for 2021 • Development of the next-generation access architecture products and the necessary capabilities • Progress in the North American market • Growth and improved profitability in public transport information solutions and video security solutions • Managing the risks associated wit
Slide 6: Teleste Group – Q2 2021
Teleste Group – Q2 2021 ▪ Orders received increased year-on-year and quarter-on-quarter, biggest growth was in public transport information solutions. Order book increased 6,5 % to record level and amounted 84,2 M€. ▪ Net sales increased year-on-year but decreased quarter-on-quarter. Net sales grew
Slide 7: Teleste Group, January - June 2021
Teleste Group, January - June 2021 1-6 2021 1-6 2020 YoY change 1-12 2020 Orders received, M€ 79,9 75,9 +5,3 % 148,8 Net sales, M€ 72,8 70,1 +3,9 % 145,0 Adjusted EBIT, M€ 2,6 1,6 +67,6 % 5,1 Adjusted EBIT, % 3,6 % 2,2 % 3,5 % EBIT, M€ 5,8 1,0 +472,0 % 4,5 Net profit, M€ 1) 4,5 -3,4 -8,0 EPS, € 0,25
Slide 8: Orders Received
Orders Received Discontinued operations excluded 200 180 160 148,8 140 120 4Q M€ 100 3Q 79,9 80 2Q 60 30,0 43,9 1Q 40 20 0 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 8
Slide 9: Order Book (at the end of period)
Order Book (at the end of period) Teleste Group, M€ 90 80 84,2 70 77,1 71,0 73,2 60 50 57,4 M€ 40 30 20 10 0 2017 2018 2019 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 9
Slide 10: Net Sales
Net Sales Discontinued operations excluded 160 145,0 140 120 100 4Q M€ 80 72,8 3Q 2Q 60 33,5 35,8 1Q 40 20 0 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 10
Slide 11: Adjusted Operating Profit
Adjusted Operating Profit Discontinued operations excluded 8 6 5,1 4Q M€ 4 3Q 2,6 2Q 1Q 2 1,1 0,1 0 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified
Slide 12: Net Profit
Net Profit Discontinued operations included 6 4,5 4 0,8 2 0 4Q -2 - 2,0 3Q M€ -4 2Q -6 1Q -8 -8,0 -10 -12 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 12
Slide 13: Cash Flow From Operations
Cash Flow From Operations Discontinued operations included 18 16 14 12 11,1 9,6 1Q 10 8 2Q M€ 6 3Q 4 4Q 2 0 -2 -4 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 13
Slide 14: Balance sheet 30 June 2021
Balance sheet 30 June 2021 Discontinued operations included on 30 June 2020 Assets Equity and Liabilities 146,0 146,0 134,7 134,7 Intangibles 45,6 Equity 46,1 69,0 Tangibles 66,0 16,3 10,1 Debt Inventories 25,7 32,3 32,1 Trade Trade 31,2 receivables 26,4 payables 27,2 19,5 Other 17,9 4,3 receivables
Slide 15: Personnel (full-time equivalent at the end of period)
Personnel (full-time equivalent at the end of period) Continuing operations 884 849 Research & Development 218 212 Operations & Services 444 403 Sales & Marketing 128 136 Management & Corporate Functions 94 98 30.06.2021 30.06.2020 Teleste Proprietary. All rights reserved. Unclassified 15
Slide 16: R&D costs, M€
R&D costs 16 16% 1-6 2021 1-6 2020 M€ 5,9 5,9 14 14% % of sales 8,1 % 8,5 % 13,5 12 12% R&D costs, M€ 12,1 12,5 % of net sales 10 10,8 10% 8,1 % 8 7,4 % 8% 5,7 % 6 5,1 % 5,0 % 6% 5,9 4 4% 2 2% 0 0% 2017 2018 2019 2020 2021/1-6 Cableway divestment in 2020 Teleste Proprietary. All rights reserved. Unc
Slide 17: Return on Capital Employed
Return on Capital Employed Including discontinued operations 15% 13,3 % 10% 9,3 % 5% 1,6 % 0% -5% -4,5 % -6,6 % -10% 2017 2018 2019 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 17
Slide 18: Equity Ratio (at the end of period)
Equity Ratio (at the end of period) Including discontinued operations 60% 50% 51,7 % 51,0 % 48,3 % 49,5 % 48,8 % 40% 30% 20% 10% 0% 2017 2018 2019 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 18
Slide 19: Net gearing (at the end of period)
Net gearing (at the end of period) Including discontinued operations 50% 40% 30% 34,1 % 20% 16,8 % 17,0 % 10% 13,9 % 5,9 % 0% 2017 2018 2019 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 19
Slide 20: Net Debt / EBITDA (12 mth rolling)
Net Debt / EBITDA (12 mth rolling) 3,5x 3,0x 2,5x 2,4x 2,0x 2,2x 1,5x 1,0x 0,9x 0,5x 0,5x 0,3x 0,0x 2017 2018 2019 2020 2021/1-6 Teleste Proprietary. All rights reserved. Unclassified 20
Slide 21: Outlook for 2021
Outlook for 2021 Teleste estimates that the net sales of the continuing operations in 2021 will reach or exceed the level of 2020 and that the adjusted operating result will exceed the adjusted operating result of 2020. The net sales of the continuing operations in 2020 were EUR 145.0 million, and t