Grammer Ag · XETR:GMM
Grammer — 9M 2023 Earnings Presentation
22 slides from Grammer's earnings presentation, Oct 30, 2023
Slide 1: 5 FOR 5 IN 2025 – Financial Results 9M 2023
5 FOR 5 IN 2025 Financial Results 9M 2023 October 30, 2023
Slide 2: GRAMMER Group's 9M 2023 at a glance
GRAMMER Group’s 9M 2023 at a glance 9M 2023 KPIs 9M 2023 9M 2022 Group revenue [in EUR million] • Positive revenue development in particular due 1,734.5 1,593.2 to market performance in APAC and EMEA as EBIT [in EUR million] well as in both divisions 30.5 2.5 • FX adjusted revenue also above the pre
Slide 3: Group Revenue / EBIT / operating EBIT (9M 2023)
Group Revenue / EBIT / operating EBIT GRAMMER (9M 2023) REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • FX adjusted revenue at EUR 1,783.0 million, (+11.9%) Margin 0.2% 1.8% Margin 0.1% 2.2% +8.9% • Automotive EUR 1,152.9 million (+13.0%) 1,734.5 • Commer
Slide 4: Capital Expenditure (9M 2023)
Capital Expenditure (9M 2023) CAPITAL BY QUARTER • Investments in new launches, [in EUR million] replacements of machinery and the EXPENDITURE [in EUR million] development of a new seat generation in CV -3.0% • EMEA still with highest portion of EUR 60.4 58.6 -9.6% 23.6 million for launching new +3.
Slide 5: Working Capital, Free Cash flow and net debt
Working Capital, Free Cash flow and net debt WORKING CAPITAL FREE CASHFLOW NET DEBT [in EUR million] [in EUR million] [in EUR million] • Working Capital decreased to EUR 207.4 million – significant -5.3% increase of trade accounts receivables is overcompensated by improved inventories and 429.3 406.
Slide 6: Equity, leverage and gearing
Equity, leverage and gearing EQUITY LEVERAGE GEARING [in EUR million] [in %] • Equity at year-end level • Net profit at EUR 1.4 million • Other comprehensive income EUR -7.6 million (foreign currency conversion EUR -8.9 million) +0.5% • Improved Leverage due to increased 301.1 302.5 EBITDA LTM from
Slide 7: Employees (9M 2023)
Employees (9M 2023) • Employee development follows EMPLOYEES BY REGION [Average; with business development: [Average; with temporary workers] temporary workers]* • AMERICAS -0.8% (without temps -0.6%) Adjustment to the decline in +5.0% +5.1% revenue in Q3 15,241 16,003 2,224 2,593 APAC • EMEA +5.5%
Slide 8: EMEA Revenue / EBIT / operating EBIT (9M 2023)
EMEA Revenue / EBIT / operating EBIT GRAMMER (9M 2023) REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • FX adjusted revenue at EUR 925.1 million (+8.9%) +8.3% Margin 4.6% 5.0% Margin 4.5% 5.4% • Automotive EUR 482.4 million (+11.2%) 920.2 • Commercial Vehi
Slide 9: APAC Revenue / EBIT / operating EBIT (9M 2023)
APAC Revenue / EBIT / operating EBIT GRAMMER (9M 2023) REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • FX adjusted revenue at EUR 415.4 million (+35.8%) Margin 10.7% 11.2% Marge 11.1% 11.3% • Automotive +25.0% EUR 292.4 million (+43.2%) • Commercial Vehic
Slide 10: AMERICAS Revenue / EBIT / operating EBIT (9M 2023)
AMERICAS Revenue / EBIT / operating EBIT GRAMMER (9M 2023) REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • FX adjusted revenue at EUR 488.4 million (-0.8%) Margin -10.4% -8.1% Marge -10.4% -7.2% -3.2% • Automotive EUR 390.7 million (-0.6%) 492.4 • Commerc
Slide 11: Outlook
OUTLOOK NG October 30, 2023 GRAMMER
Slide 12: Outlook 2023: Stable revenue and strong earnings growth
Outlook 2023: Stable revenue and strong earnings growth Revenue Operating EBIT Stable revenue to around EUR 2.2 billion Operating EBIT doubles to around (2022: EUR 2.2 billion) EUR 70 million (2022: EUR 35.5 million) Burdens may arise in connection with the persistently difficult macroeconomic condi
Slide 13: Outlook 4th quarter 2023
Outlook 4th quarter 2023 Revenue: on track • 01-09 2023: EUR 1,734.5 million • Outlook FY 2023: EUR 2.2 billion ~70 70.0 38.4 Operating EBIT 9M 2023 P2P AMERICAS Inflation compensation Volume Mix Operating EBIT 2023 October 30, 2023 Financial Results 9M 2023 14 © GRAMMER AG
Slide 14: Events
Events Tech Day in China Driving Days Grammer showed typical seats and electronic products Driving Days by our customer October 30, 2023 Financial Results 9M 2023 15 © GRAMMER AG
Slide 15: Grammer continuing to expand in China
Grammer continuing to expand in China New production in Tianjin • 20,000 square meters plant with modern facilities and production capacity of 400,000 units per year • A model plant for commercial vehicle seats of Grammer AG (Truck and offroad seats) • High-quality products for customers in China as
Slide 16: New products
New products Center Console • Center console for rear bench of the HiPhi X • The console impresses with fine materials, top-quality craftsmanship and clever design with display holder and fold-out tables • Particularly classy: special inserts for glasses create the perfect lounge atmosphere October
Slide 17: Q&A
% October 30, 2023 GRAMMER
Slide 18: Legal disclaimer
GRAMMER Group Legal disclaimer By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purpose
Slide 19: Thank you for your attention
Thank you for your attention. We deliver what matters. Contact Investor Relations Tanja Bücherl Phone: +49 9621 66 - 2113 E-mail: tanja.buecherl@grammer.com
Slide 20: Key figures 9M 2023
Key figures 9M 2023 October 30, 2023
Slide 21: Key figures 9M 2023 overview
Revenue Group operating EBIT Employees by region 1 Revenue by segment 2 Wert Wert 1,734.5 Average for the year 38.4 EUR million AMERICAS: AMERICAS: EUR million EUR million 4,699 476.4 APAC: APAC: EBIT margin Capital expenditure 1,502 382.4 1.8% 58.6 EUR million Wert 14,299 1,734.5 Operating EBIT mar
Slide 22: Key figures
Key figures Q3 2023 Q3 2022 Q2 2023 Q2 2022 Q1 2023 Q1 2022 01-12 2022 Group revenue 561.9 558.6 583.5 519.6 589.1 515.0 2,158.8 Revenue EMEA 280.4 272.4 311.3 287.3 328.5 289.7 1,131.4 Revenue AMERICAS 158.5 174.4 158.4 163.9 159.5 154.1 672.5 Revenue APAC 136.4 128.6 128.6 88.1 117.4 89.1 426.7 EB