Oc Oerlikon Corporation Ag · SIX:OERL
Oc Oerlikon — Q3 2020 Earnings Presentation
17 slides from Oc Oerlikon's earnings presentation, Nov 3, 2020
Slide 1: Strong Group Performance in Challenging Markets
Strong Group Performance in Challenging Markets Dr. Roland Fischer, CEO Philipp Müller, CFO 3Q20 Results Pfäffikon, November 3, 2020
Slide 2: Agenda
Agenda 1 3Q20 Business Update 2 3Q20 Financial Review 3 Appendix Page 2 Oerlikon Analyst Presentation - 3Q20 November 3, 2020
Slide 3: Strong Group Performance in Challenging Markets
Strong Group Performance in Challenging Markets ▪ YTD order intake of CHF 770 million … well positioned for 2021+ 1 Strong Execution and Positive ▪ Strong operational performance … 3Q20 sales of CHF 313 million; on- track for full year Market Outlook in Manmade Fibers ▪ High demand for nonwoven equi
Slide 4: Our Priority: Adjust the Structural Cost Base to Return to 16-18% Group EBITDA Margin
Our Priority: Adjust the Structural Cost Base in Order to Return to 16 – 18% Group EBITDA Margin Program Elements Program Breakdown ▪ Structural and productivity program kicked off in 2H19 Expected with following focus areas: Headcount Annualized Progress ▪ Group HQ and support function optimization
Slide 5: Varying Strength and Recovery Pattern on Oerlikon's Served Markets
Varying Strength and Recovery Pattern on Oerlikon’s Served Markets Filament and General Tooling Automotive Aviation Nonwoven Industrial ▪ Large filament producers ▪ Sharp deterioration in ▪ Sharp deterioration in ▪ Global production volumes ▪ COVID-19 create perfect confirm expansion plans industria
Slide 6: Robust Group Performance in Challenging Markets; Strong Cost Control to Improve Profitability
Robust Group Performance in Challenging Markets; Strong Cost Control to Improve Profitability 1 World-class Surface Solutions technology leader that will emerge from the crisis more profitable and with higher returns on capital 2 Broader and stronger Manmade Fibers Division that continues to deliver
Slide 7: Agenda
Agenda 1 3Q20 Business Update 2 3Q20 Financial Review 3 Appendix Page 7 Oerlikon Analyst Presentation - 3Q20 November 3, 2020
Slide 8: Strong Group Performance; Manmade Fibers on Track and Surface Solutions Recovering at Varying Speeds
Strong Group Performance; Manmade Fibers on Track and Surface Solutions End-Markets Recovering at Varying Speeds in CHF million 3Q20 3Q19 y-o-y 9M20 9M19 y-o-y ▪ 3Q20 Group orders declined by 17.3% vs. 3Q19 primarily driven by global impact of COVID-19 on end-markets Order intake 518 627 -17.3% 1 59
Slide 9: Surface Solutions Division – End-Markets Recovering at Varying Speeds; Cost Actions Delivering Results
Surface Solutions Division – End-Markets Recovering at Varying Speeds; Cost Actions Delivering Results Operational Performance Market Development 4% Asia / Pacific ▪ Market recovery in September and positive trend into ▪ Markets remain below pre-crisis levels and show varying 20% 32% October recover
Slide 10: Manmade Fibers Division – Another Quarter of Strong and Stable Results
Manmade Fibers Division – Another Quarter of Strong and Stable Results; on Track for 2020 Deliveries Operational Performance Market Development 3% ▪ Continued trend of solid order bookings in 3Q20 of CHF ▪ Textile applications (filament / texturing) with continued Asia / Pacific 15% 1% 261m … 9M20 o
Slide 11: Summary and Q&A
Summary and Q&A 1 Manmade Fibers 9M20 order bookings and revenues of over CHF 750m; On track for full-year deliveries with strong margins 2 Surface Solutions impacted by COVID-19; 3Q20 shows sequential recovery in automotive and tooling; visibility remains low 3 Accelerating and deepening actions to
Slide 12: Agenda
Agenda 1 3Q20 Business Update 2 3Q20 Financial Review 3 Appendix Page 12 Oerlikon Analyst Presentation - 3Q20 November 3, 2020
Slide 13: Reconciliation of Profitability Measures 9M 2020
Reconciliation of Profitability Measures 9M 2020 EBITDA to EBIT Bridges Group Surface Solutions Manmade Fibers in CHF million 9M 2020 9M 2019 9M 2020 9M 2019 9M 2020 9M 2019 EBITDA 180 299 72 180 104 119 Depreciation and Impairments -102 -98 -86 -83 -14 -13 EBITA 78 201 -14 98 90 106 Amortization of
Slide 14: Reconciliation of Profitability Measures 3Q 2020
Reconciliation of Profitability Measures 3Q 2020 EBITDA to EBIT Bridges Group Surface Solutions Manmade Fibers in CHF million 3Q 2020 3Q 2019 3Q 2020 3Q 2019 3Q 2020 3Q 2019 EBITDA 88 84 37 55 48 28 Depreciation and Impairments -34 -32 -29 -27 -5 -4 EBITA 54 52 8 29 43 24 Amortization of Acquired In
Slide 15: Financial Calendar 2020/21
Financial Calendar 2020/21 November 3, 2020 Q3 / 9M 2020 results - Media & Analyst Conference Call March 2, 2021 Q4 / FY 2020 results - Media & Analyst Conference April 13, 2021 Annual General Meeting of Shareholders May 4, 2021 Q1 2021 results - Media & Analyst Conference Call August 3, 2021 Q2 / H
Slide 16: Investor Relations Contact
Investor Relations Contact Kerstin Flötner Head of Corporate Communications, Investor Relations & Marketing Phone: +41-58-360-9668 E-mail: ir@oerlikon.com Peter Dickson Senior Investor Relations Manager Phone: +41-58-360-9639 E-mail: ir@oerlikon.com OC Oerlikon Management AG, Pfäffikon Churerstrasse
Slide 17: Disclaimer
Disclaimer OC Oerlikon Corporation AG, Pfäffikon, (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the trut