Slide 1: FY 2021 Results Presentation
FY 2021 Results Presentation
Slide 2: Disclaimer
DISCLAIMER This report contains forward-looking statements. These statements are based on current experience, estimates and projections of the Management Board and the information available at the time this half-yearly financial report was prepared. They are not guarantees of future performance and
Slide 3: Agenda
Agenda • FY 2021 Highlights • Business Review • Financial Review • Outlook & Closing Remarks • Q&A 3
Slide 4: FY 2021 Highlights
FY 2021 Highlights 4
Slide 5: Strong commercial performance in full-year 2021 paves path towards mid-term targets
STRONG COMMERCIAL PERFORMANCE IN FULL-YEAR 2021 PAVES PATH TOWARDS MID-TERM TARGETS e-Mobility e-Tools Conventional +6.9% +3.5% +12.2% +4.0% Revenue FY 2021 (35.2% of Continued to grow strongly Stabilized at more normal to EUR 134.9m Group revenue) in FY 2021 levels, as expected EUR 22.9m 17% Increa
Slide 6: Expansion of FTE and production capacity to seize opportunities and capitalize on project pipeline
EXPANSION OF FTE AND PRODUCTION CAPACITY TO SEIZE OPPORTUNITIES AND CAPITALIZE ON PROJECT PIPELINE Expansion of Sales and Engineering Investing in talent teams (FTE) • Key hires include: CTO, Group Projects Manager and Sales Engineers +23% 48 39 • Extensive co-development capabilities further streng
Slide 7: On track to achieve our mid-term targets – with five new e-Mobility wins in 2021
ON TRACK TO ACHIEVE OUR MID-TERM TARGETS – WITH FIVE NEW E- MOBILITY WINS IN 2021 Type IPO Secured SOP Estimated Full Revenue Pipeline in Ramp Up potential • Continue to work on pipeline • New projects planned for 2022 Mountain 2021 H1 2022 2023 €€€ • With companies outside Germany • Potential for
Slide 8: Sustainability considerations part of our business model and one of our core values
SUSTAINABILITY CONSIDERATIONS PART OF OUR BUSINESS MODEL AND ONE OF OUR CORE VALUES Planet People Governance Reduction in Scope 1 CO2 Obtained the ISO 45001-2018 Supervisory board oversight of 18% emissions in Schramberg and certificate in December 2019 at sustainability strategy and implementation
Slide 9: Enabling outstanding solutions for a better world
ENABLING OUTSTANDING SOLUTIONS FOR A BETTER WORLD ONE DEDICATED TO hGEARS SUSTAINABILITY Anything is Whatever we do, we possible when we do for tomorrow! work together! INTEGRITY DRIVEN BY MATTERS INNOVATION Our curiosity creates We are honest opportunities! and transparent! WE ARE PASSION FOR DIVER
Slide 10: Business Review
Business Review the heart of your performance InGears
Slide 11: Solid year-on-year growth on expansion of order volumes with existing customers
SOLID YEAR-ON-YEAR GROWTH ON EXPANSION OF ORDER VOLUMES WITH EXISTING CUSTOMERS Revenue Bridge in EUR million 136 1.6 0.6 134.9 134 4.8 132 130 1.6 128 126.3 126 124 122 120 FY 2020 e-Mobility e-Tools Conventional Other FY 2021 Revenue Performance • Growth primarily driven by the expansion of order
Slide 12: Financial Review
Financial Review the heart of your performance InGears
Slide 13: Profitability reflects new hires and listing costs
PROFITABILITY REFLECTS NEW HIRES AND LISTING COSTS In EUR million or % FY 2021 FY 2020 y-o-y Commentary Growth primarily driven by an expansion of order volumes of Revenue 134.9 126.3 6.9% existing customers Gross Profit 76.4 72.3 5.7% Small impact from change in sales mix Supply chain-induced delay
Slide 14: Free cash flow reflects higher investments and repayment of interest on shareholder loans
FREE CASH FLOW REFLECTS HIGHER INVESTMENTS AND REPAYMENT OF INTEREST ON SHAREHOLDER LOANS In EUR million FY 2021 FY 2020 y-o-y Commentary Due to one-time repayment of accrued interest on Net cash flow from operating 10.1 17.3 -7.1 shareholder loans (EUR -4.1 million) and decrease in provisions activ
Slide 15: Strong financial position and reinforced liquidity
STRONG FINANCIAL POSITION AND REINFORCED LIQUIDITY Net debt (EUR million) and leverage ratio (Net debt/EBITDA) Leverage • Solid balance sheet strength in current economic and geopolitical backdrop (FED raising interest rates by 25 bps for 2.0x 50 first time since 2018, war in Ukraine) 40 30 46.4 • L
Slide 16: Outlook & Closing Remarks
Outlook & Closing Remarks 16
Slide 17: Well-positioned to navigate market challenges and realize further growth
WELL-POSITIONED TO NAVIGATE MARKET CHALLENGES AND REALIZE FURTHER GROWTH Challenges Opportunities • Macroeconomic environment to remain volatile in 2022 due • Local supply chains, positioning as a supplier of mission- to war in Ukraine and resurgence of Covid-19 pandemic critical components and oper
Slide 18: On-track to achieving mid-term targets
ON-TRACK TO ACHIEVING MID-TERM TARGETS Double Group Revenue to EUR 250 million* Mid-Term Targets Triple e-Mobility Revenue to EUR 150 million* FY 2022 Guidance High Single-Digit Group Revenue Growth * Versus full-year 2020 ¹ Base year 2020 18
Slide 19: Q&A
Q&A sr ee the heart of your Gears | shetty