Slide 1: Financial Results H1 2024
FUCHS GROUP Financial Results H1 2024 | Analyst Conference, 30th July 2024 | Isabelle Adelt, Chief Financial Officer | Lutz Ackermann, Head of Investor Relations
Slide 2: Highlights H1 2024
HIGHLIGHTS H1 2024 FUCHS WITH GOOD FIRST HALF 2024 €1,764 mn ▪ Lower sales due to price H1 2024 LUBCON acquisition closed ▪ Completion of the acquisition on Sales down 3% yoy adjustments and currency effects July 26, 2024 ▪ EBIT growth driven by all regions; ▪ Extending of product portfolio, €218 mn
Slide 3: Sales Development
SALES DEVELOPMENT 0% € mn 936 902 886 876 877 887 870 832 843 808 742 714 718 Q2 '21 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 Q4 Q1 '24 Q2 l3
Slide 4: EBIT Development
EBIT DEVELOPMENT 14% € mn 113 111 107 100 103 100 97 90 93 88 87 85 84 Q2 '21 Q3 Q4 Q1 '22 Q2 Q3 Q4 Q1 '23 Q2 Q3 Q4 Q1 '24 Q2 l4
Slide 5: H1 2024 Group Sales
H1 2024 GROUP SALES € mn 1,822 1,764 (0%) (-1%) (-2%) -58 (-3%) l5
Slide 6: H1 2024 KPI Summary
H1 2024 KPI SUMMARY KPI in € mn H1 2024 H1 2023 ▪ Sales down by 3% due to price adjustments and currency effects Sales 1,764 1,822 ▪ Gross margin of 34.4% in first half of the year well above previous Cost of sales -1,157 -1,248 year’s figure of 31.5% Gross profit 607 574 ▪ Other function costs high
Slide 7: Europe, Middle East, Africa
EUROPE, MIDDLE EAST, AFRICA KPI in € mn H1 2024 H1 2023 ▪ Sales down 4% from price adjustments in almost all companies Sales 1,027 1,067 ▪ Negative currency effects from South Africa and Eastern Organic growth -39 (-4%) 103 (10%) Europe partially offset by positive effects from the UK External growt
Slide 8: Asia-Pacific
ASIA-PACIFIC KPI in € mn H1 2024 H1 2023 ▪ Sales down 1% due to high negative exchange rate effects Sales 485 491 ▪ Organic growth of 3% thanks to positive business and price Organic growth 13 (3%) 63 (14%) development; business development in China continues to recover; India and Australia also wit
Slide 9: North and South America
NORTH AND SOUTH AMERICA ▪ Sales down 3% mainly due to high negative exchange rate effects KPI in € mn H1 2024 H1 2023 ▪ Price adjustments drive organic sales growth in North America Sales 341 352 with modest business development Organic growth 4 (1%) 55 (18%) ▪ Sales in South America below previous
Slide 10: Net Liquidity
NET LIQUIDITY Free cash flow before acq. €69 mn € mn -42 Net liq. Dec. Earnings D&A ./. Other Other Net liq. June NOWC SBB Dividend 2023 after tax Capex Changes Changes 2024 l 10
Slide 11: Net Operating Working Capital (NOWC)
NET OPERATING WORKING CAPITAL (NOWC) Q2 24 vs Q4 23: Inventories +€37 mn Rec. ./. Liab. +€57 mn € mn Rec. ./. Liab.* Inventories 871 NOWC (in %) 798 823 729 236 671 261 262 205 543 164 495 635 537 561 162 507 524 136 381 359 25.0% 22.6% 22.7% 23.2% 21.8% 21.6% 19.4% Q4 2019 Q4 2020 Q4 2021 Q4 2022 Q
Slide 12: Different Price Developments for Raw Material Basket
DIFFERENT PRICE DEVELOPMENTS FOR RAW MAT. BASKET Q2 Q3 and beyond Base Groups I / II slightly edged Pricing expected to be up (excl. Asia) while Oils stable to slightly up group III slighty softened Prices remained stable Slight upward trend Additives with a slight upward trend expected in certain a
Slide 13: 2024 Outlook Marking a Step Towards EBIT Target 2025
2024 OUTLOOK MARKING A STEP TOWARDS EBIT TARGET 2025 March, 12th July, 30th: Confirming 2023 2024 outlook from KPI* in € mn March,12th Sales 3,541 ~ 3,600 Slight sales growth by mainly volume-driven and assuming stable prices EBIT 413 ~ 430 Strict cost management vs. inflation- and S/4 Hana rollout
Slide 14: Save the Date: FUCHS Capital Markets Day 2024
FUCHS CAPITAL MARKETS DAY 2024 SAVE THE DATE December 5th 2024 (evening dinner on December 4th 2024) Pfronten @ DMG MORI Registration will be open soon If you want to be on our distribution list please send your contact details to ir@fuchs.com
Slide 15: Financial Calendar & Contact
FINANCIAL CALENDAR & CONTACT Financial Calendar 2024 Investor Relations Contact FUCHS SE October 30, 2024 Quarterly Statement 9M 2024 Einsteinstr. 11 68169 Mannheim March 21, 2025 Annual Report 2024 Phone: +49 (0) 621 3802-1110 www.fuchs.com/group/investor-relations The financial calendar is updated
Slide 16: Q&A
FUCHS GROUP Financial Results H1 2024 | Q&A
Slide 17: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man