Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q1 2021 Earnings Presentation
30 slides from Rosenbauer International's earnings presentation, May 18, 2021
Slide 1: Investor & Analyst Presentation Q1 2021 Financial Figures
Rosenbauer Group Rosenbauer Group Investor & Analyst Presentation I Q1 2021 Financial Figures Sebastian Wolf I CFO Person Date May 18, 2021
Slide 2: Disclaimer
Disclaimer This presentation was produced by Rosenbauer International AG (Rosenbauer for short) for informational purposes only. Despite the greatest care taken by Rosenbauer, no guarantee is given for the correctness and completeness of the content. This presentation may not be reproduced, transmit
Slide 3: Agenda
Agenda 1. Rosenbauer Group at a glance 2. Q1 2021 financial figures 3. Outlook Q&A
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity story
Equity story GLOBAL MARKET LEADER INNOVATION LEADER ■ System provider of fire-fighting equipment and ■ High R&D expenditures, Rosenbauer Group holds preventive fire protection around 220 patents ■ Globally leading ■ Pioneer in producer of fire-fighting sustainability vehicles technologies ■ 16% RB m
Slide 6: Global market leader
Global market leader Ranking of fire fighting vehicle manufacturer 2019/2020, revenues in € million Rosenbauer 1,044 Peer 1 930 Peer 2 600 ■ Buyers are mainly Peer 3 470 public institutions Peer 4 320 ■ High predictability Peer 5 280 ■ Global market 2018 Peer 6 250 / 2019: € 4.8 bln, Peer 7 240 arou
Slide 7: Ramp-up of the RT series production
Ramp-up of the RT series production Goal: Output capacity of 200 units per year until 2031 120 100 100 80 Units 80 60 50 40 30 20 11 0 2021 2022 2023 2024 2025 ■ Manufacturing at plant I, Leonding ■ Start of series production in Q1 (Austria) 2022 ■ Start of zero series production in July ■ Productio
Slide 8: Q1 2021 financial figures
FEUERWEHR _ ~. Q1 2021 financial figures “*.
Slide 9: Rosenbauer Group highlights
Rosenbauer Group highlights ■ The Rosenbauer Group generates € 206.2 million in revenues in Q1 2021, which is still strong but below the all-time-high of the previous year´s period ■ As for the COVID-19 pandemic, delayed deliveries and a tight supply of parts result in an increase of work in progres
Slide 10: COVID-19 Pandemic: Risks for the Rosenbauer Group
COVID-19 Pandemic: Risks for the Rosenbauer Group Risks Customer acceptances ■ Partially delays in handovers ■ All service and production locations in normal operation Supply chain ■ Tight supply of chassis, electronic components and cable harnesses Employees ■ Infection figures remain low at Group
Slide 11: Revenues and EBIT quarterly
Revenues and EBIT quarterly € million 50 357.4 363.6 45 330.3 40 36.8 255.9 35 31.8 32.5 232.9 218.8 219.9 225.1 30 199.3 206.2 190.3 25 175.8 20.0 162.4 20 15 8.9 9.9 10 7.0 4.3 5 2.1 3.1 1.1 1.1 0.4 0 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Revenues EBIT Inves
Slide 12: Key financial figures
Key financial figures in € million Q1/2019 Q1/2020 Q1/2021 Change Revenues 175.8 232.9 206.2 -11.5% Operating performance 215.8 245.6 234.7 -4.4% EBIT 2.1 4.3 0.4 -90.5% EBIT margin 1.2% 1.8% 0.2% - EBT 0.7 2.7 -1.0 - Net profit for the period 0.6 2.2 -0.9 - Cash flow from operating -56.6 -45.7 -48.
Slide 13: Revenues development
Revenues development € million -11.5% ■ Rosenbauer Group 232.9 +9.7 -15.2 -5.8 -3.2 revenues fall short -12.9 +0.7 206.2 of Q1/2020, which marked an all-time- high ■ CEEU area and segment Preventive Fire Protection manage to increase volumes in the first three months 2021 ■ 4 out of 6 business Q1 20
Slide 14: EBIT development
EBIT development € million ■ As for the COVID- 4.3 -1.7 -90.5% 19 pandemic, delayed deliveries and tight supply of parts weigh on -1.7 operating performance 1.0 -1.2 ■ EBIT declines to € 0.4 million -0.4 0.4 0.1 ■ NOMA area with stable EBIT in spite of lower Q1 2020 CEEU CEEU NISA MENA APAC APAC NOM
Slide 15: Investments
Investments CAPEX, depreciation and amortization € million 5.1 5.2 4.7 4.3 4.1 4.1 3.9 3.9 3.7 3.0 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Investments Depreciation and amortization ■ Improvement of efficiency at plant I, Leonding ■ Modernization of US production sites ■ Expansion of production site
Slide 16: Statement of financial position – key figures
Statement of financial position – key figures Change Q1/21vs in € million 03/31/2020 12/31/2020 03/31/2021 Q4/20 Total assets 1,015.9 909.5 995.1 +9.4% Equity ratio 25.3% 31.6% 28.4% - Capital employed (ø) 706.4 656.4 664.0 +1.2% ROCE 0.6% 8.8% 0.1% - ROE 1.1% 19.0% -0.4% - Net debt 433.2 289.3 376.
Slide 17: Trade working capital and Financing
Trade working capital and Financing Trade Working Capital TRADE WORKING CAPITAL Financing FINANCING € million € million € million € million 1,044.2 1,044.2 225% 433.2 450 978.1 1000 200% 400 376.5 175% 350 750 293.3 282.4 150% 300 257.5 125% 250 236.6 513.2 463.7 485.5 168.2% 500 100% 200 75% 133.3%
Slide 18: Project CCC Optimization (first results)
Project „CCC Optimization“ (first results) Reduction of cash conversion cycle (day) and trade working capital (€ million) 169 160 513.2 485.5 77 74 50 45 179.4 169.7 18 20 -5% -5% DIO DSO DDO DPO Q1 2020 Q1 2021 CCC TWC * Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding –
Slide 19: Balance sheet structure
Balance sheet structure (in € million) 1,015.9 1,015.9 995.1 995.1 Receivables Liabilities 849.5 849.5 and other and other 308.1 266.7 272.7 assets 305.9 debt 239.8 241.8 52.1 Provisions 59.1 Inventories 58.5 457.4 484.5 439.6 380.9 Interest- 430.0 312.6 bearing Assets liabilities 282.4 Equity 231.8
Slide 20: Outlook
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Slide 21: Order intake / backlog
Order intake / backlog Order intake/backlog Order intake Q1 2021 € million by Area (Q1 2020) 1,219.2 1,184.5 1,122.0 SFP APAC 3% (2%) 933.8 13% (12%) 790.6 CEEU 37% (31%) € 277.6m NOMA 22% (25%) 338.1 282.3 277.6 236.2 207.9 NISA MENA 15% (12%) 10% (18%) 1-3/2017 1-3/2018 1-3/2019 1-3/2020 1-3/2021
Slide 22: Outlook
Outlook ■ The IMF projects the global economy to grow by 6 % in 2021 and 4.4 % in 2022, which is 0.8 and 0.2 percentage points higher than in the October 2020 World Economic Outlook. ■ These projections reflect additional fiscal support in a few large economies and the anticipated vaccine-powered re
Slide 23: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 24: Appendix
Appendix Investor Presentation I 24
Slide 25: Executive Board and employee figures
Executive Board and employee figures Dieter Siegel Sebastian Wolf Andreas Zeller Daniel Tomaschko CEO CFO CSO CTO Corporate Development I Human Audit I Controlling I Accounting/Tax I Area CEEU I Area NISA I Area APAC I Supply Chain Management I Central Resources I Strategy I Innovation & Treasury I
Slide 26: Selected megatrends driving the fire-fighting industry
Selected megatrends driving the fire- fighting industry Neo-ecology / Mobility Urbanization Silver society / Gender shift ■ Global warming ■ Since 2007 more than half of the ■ Demographic development will ■ Higher scale of devastation from world population lives in cities significantly influence the
Slide 27: Worldwide network of production, service and sales locations
Worldwide network of production, service and sales locations EUROPE AUSTRIA Leonding Neidling Graz Telfs FRANCE Chambéry Meyzieu GERMANY Karlsruhe Luckenwalde Mogendorf and Gladbeck Bad Abbach-Lengfeld Viersen ITALY Rovereto Andrian POLAND Warsaw AMERICA MIDDLE EAST / ASIA/ RUSSIA Moscow Lyons, Sout
Slide 28: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31 2020) Municipal vehicles 42% ARFF Fire & Safety vehicles Equipment Vehicles 78% 15% Aerials Customer Service 14% 7% Industrial Preventive Fire 8% Protection vehicles 7% 3% 4% sonstige Umsätze Investo
Slide 29: Rosenbauer share
Rosenbauer share Investor FR 6% 1-3/2020 1-3/2021 Highest price in € 45.4 49.4 BVG * Free float** 51% 43% Lowest price in € 23.0 36.6 Closing share price in € 27.6 49.4 Market capitalization in € million 187.7 335.9 * Rosenbauer Beteiligungsverwaltung GmbH ** The non-voting right registered shares a
Slide 30: Financial calendar
Financial calendar May 26, 2021 29th Annual General Meeting (virtual) August 13, 2021 Publication of the Half-year Financial Report 2021 November 16, 2021 Publication of the Interim Statement Q3/2021 Investor Presentation I 30
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