Polytec Holding Ag · VIE:PYT
Polytec — Q3 2020 Earnings Presentation
24 slides from Polytec's earnings presentation, 2021
Slide 1: We Transform Visions into Plastic Solutions
WE TRANSFORM VISIONS Spring 2021 Virtual meetings INTO PLASTIC SOLUTIONS Investors Presentation Q3 2020
Slide 2: POLYTEC Group at a Glance
POLYTEC GROUP AT A GLANCE ▪ Leading developer and manufacturer of high-quality lightweight plastic components ▪ Solution provider for the Automotive & Non-Automotive-Industry 627.1 605.6 32.6 3,851 EUR m sales EUR m balance sheet total EUR m EBIT Employees (incl. leasing personnel) 2019 FY (as of 31
Slide 3: Past: Division Oriented Structure
PAST: DIVISION ORIENTED STRUCTURE “INDUSTRIAL Division” Separated from December 2020 POLYTEC POLYTEC POLYTEC POLYTEC PLASTICS COMPOSITES CAR STYLING INDUSTRIAL CORE COMPETENCIES: CORE COMPETENCIES: CORE COMPETENCIES: CORE COMPETENCIES: ▪ 2k injection moulding ▪ Production of glass fibre SMC ▪ PUR RR
Slide 4: Future: Product Lines
FUTURE: PRODUCT LINES 1 NEW MOBILITY & STRUCTURAL 3 TRUCK, BUS & AGRICULTURAL 5 POWERTRAIN SOLUTIONS 7 APPLICATIONS INNOVATIONS UNDERBODY 2 6 SOLUTIONS SMART PLASTIC APPLICATIONS 4 PAINTED EXTERIOR POWERTRAIN ACOUSTICS > SPECIAL SERIES 4
Slide 5: Technological Diversity
TECHNOLOGICAL DIVERSITY INJECTION MOULDING COMPOSITES SMALL SERIES TECHNOLOGIES PRE- & POST-PROCESSING 2k injection moulding Production of glass fibre SMC Class-A paint coating Just-in-Sequence-Delivery Multi-component injection Production of carbon fibre SMC PUR RRIM / RRIM Lightweight Tool making
Slide 6: POLYTEC Solution Force
POLYTEC SOLUTION FORCE Bundling of competences from the entire POLYTEC GROUP: ▪ Technology and manufacturing expertise of the various locations ▪ High degree of value added ▪ Innovative strength from product and material development ▪ Profound market understanding 6
Slide 7: Selected Projects
SELECTED PROJECTS VW - Modules for platforms: MEB (“Modularer E-Antriebs-Baukasten”) PPE (“Premium Platform Electric”) Same components used in various models Jaguar/Land Rover Mild Hybrid Battery box 48V POLYTEC replaced metal underbody shell (12 kg) by GMT/GMTex composite material and reduced weigh
Slide 8: Investing in New Plants
INVESTING IN NEW PLANTS ▪ Tianjin (PRC) ▪ Telford (UK) ▪ East London (RZA) SOP mid 2021 8
Slide 9: Sustainability: Ebensee (AT) Plant Already CO2 Neutral
SUSTAINABILITY: EBENSEE (AT) PLANT ALREADY CO2 NEUTRAL 9
Slide 10: Sustainability: ESG Topics Increasingly Gain Importance
SUSTAINABILITY: ESG TOPICS INCREASINGLY GAIN IMPORTANCE ▪ Reducing POLYTEC’s CO2 footprint on group level ▪ Annual Report 2020: First time reporting on CO2 emissions Scope 1 & Scope 2 ▪ Further reduction of waste & energy consumption, switch to sustainable sources ▪ 2021: PV panels covering 40,000 t
Slide 11: Sales Split by Market Area & Customer Portfolio
SALES SPLIT BY MARKET AREA & CUSTOMER PORTFOLIO Q1-Q3 2020 Group sales: etc. EUR m 379.4 Passenger Cars & Light Commercial Cars Commercial Cars 13.4% Smart Plastics & Industrial Applications 22.8% 63.8% 2019 FY Exterior 9% Powertrain 13% Interior 3% 44% 6% Structure et 25% Industrial Applications c.
Slide 12: Global New Passenger Car Registrations Jan-Dec 2020
GLOBAL NEW PASSENGER CAR REGISTRATIONS – JAN-DEC 2020 EU +EFTA+UK 11 961 200 RUSSIA 1 598 800 -9.1% USA -24.3% Dec.: -3.7% CHINA 19 790 000 Dec.: +7.2% -6.1% 14 463 900 -14.7% Dec.: +6.4% INDIA 2 435 100 JAPAN 3 810 000 BRAZIL -17.7% -11.4% 1 954 800 Dec.: +13.6% Dec.: +10.9% -26.7% Dec.: -7.6% COVI
Slide 13: New Passenger Car Registrations in the EU by Fuel Type
NEW PASSENGER CAR REGISTRATIONS IN THE EU BY FUEL TYPE 2017 – 2020 70% 58,9% 60% 56,7% 50,3% 50% 44,0% 47,5% 40% 35,9% 30% 30,5% 28,0% 24,5% 20% 11,9% 10,6% 10% 7,4% 5,7% BEV + Fuel Cell: 5,4% 2,8% 3,9% 5,9% 10,5% PHEV + EREV: 5,1% 1,5% 2,0% 3,0% 0% 1,4% 1,5% 1,7% 2,1% 2017 2018 2019 2020 Petrol Die
Slide 14: New Commercial Vehicles Registrations, EU+EFTA+UK
NEW COMMERCIAL VEHICLES REGISTRATIONS, EU+EFTA+UK JAN-DEC 2020 (COMPARED TO THE SAME PERIOD OF THE PREVIOUS YEAR) Category Units Change Market Share Light Commercial Vehicles <=3.5 t 1 793 353 -18.0% 84.4% Medium Commercial Vehicles >3.5 t bis <=16 t 63 356 -19.9% 3.0% Heavy Commercial Vehicles >16
Slide 15: Financial Figures Q3/Q1-Q3 2020
FINANCIAL FIGURES Q3/Q1-Q3 2020
Slide 16: Sales, EBIT Margin FY 2016-2019 – Q3 2020
SALES, EBIT MARGIN FY 2016-2019 – Q3 2020 in € m 156,8 149,6 149,1 137,1 93,2 6,6% 4,0% 1,8% 0,6% -10,4% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 16
Slide 17: EBITDA, EBITDA-Margin – Quarterly
EBITDA, EBITDA-MARGIN – QUARTARLY in € mill. 20,6 14,6 13,1% 11,7 9,9 9,8% 7,8% 7,2% -1,0% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 -1 17
Slide 18: Earnings – Quarterly
EARNINGS – QUARTARLY in € mill. EPS in € EARNINGS AFTER TAX 9,0 EARNINGS PER SHARE 3,7 0,40 1,5 0,16 0,06 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 -… Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 -1,5 -0,08 -0,48 -10,3 18
Slide 19: Equity & Equity Ratio – Quarterly
EQUITY & EQUITY RATIO – QUARTARLY 252,6 in € mill. 249,5 243,7 238,3 237,1 41,3% 41,7% 40,7% 40,5% 40,0% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 19
Slide 20: Net Debt, Gearing – Quarterly
NET DEBT, GEARING – QUARTARLY 163,3 Net debt in € mill. NET DEBT 157,1 156,0 153,4 150,3 GEARING 0,67 0,66 0,64 0,62 0,60 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 20
Slide 21: Outlook 2020 Financial Year
OUTLOOK 2020 FINANCIAL YEAR In view of the gradual improvement in the business trend since June 2020, the POLYTEC GROUP management remains cautiously optimistic with regard to the final quarter of the year and on the basis of the currently communicated call-offs, anticipates sales revenues of around
Slide 22: Corporate Calendar 2021 – Updated
CORPORATE CALENDAR 2021 – UPDATED! DATE OF AGM CHANGED DUE TO COVID UNCERTAINTIES Date Day Event 22.04.2021 THU Financial statements and annual report FY 2020 07.05.2021 FRI Interim report Q1 2021 03.07.2021 SAT Record date „Annual General Meeting“ 13.07.2021 TUE 21st Annual General Meeting FY 2020,
Slide 23: Shareholder Structure
SHARHOLDER STRUCTURE 1,50% Last change on 30 March 2021: NN Group N.V. moved below 4% threshold 29,04% 69,46% Free float Huemer-Group Treasury shares 23
Slide 24: Contact
CONTACT: POLYTEC Holding AG Mr. Paul Rettenbacher – Investor Relations Manager E-Mail: paul.rettenbacher@polytec-group.com www.polytec-group.com/en/investor-relations/news