Schweiter Technologies - Half-Year Results 2024 Media & Analyst Conference
DIBOND®, FOREX® - Prato / Italy | AIREX®, BALTEK® - Germany | ALUCOBOND® - House of Music, Budapest / Hungary |
P r e s e n t e r s : | R o m a n S o n d e r e g g e r ( G r o u p C E O ) | |
U r s S c h e i d e g g e r ( G r o u p | C F O ) | |
D a t e / L o c a t i o n : | A u g u s t 1 4 , 2 0 2 4 , Z u r i c h |
Media & Analyst Conference Half-Year Results 2024 | 1 |
M E D I A & A N A L Y S T C O N F E R E N C E H A L F - Y E A R R E S U L T S 2 0 2 4
Agenda
- Business Review & Highlights
- Half-YearResults 2024
3 Focus & Outlook H2 2024
4 Questions & Answers
Media & Analyst Conference Half-Year Results 2024 | 2 |
1 B U S I N E S S R E V I E W & H I G H L I G H T S
Key figures half-year 2024 - Continued improvement of margin & cash flow
Net Sales
528 Mio. CHF
-6%(Fx-adj.:-4%)
Free Operating Cash Flow 30 Mio. CHF
+194%
EBITDA
46 Mio. CHF
+7% (Fx-adj.: +9%)
Margin up +1pp
8.7% vs. 7.7% PY
Net Liquidity 28 Mio. CHF
+338%
EBIT
24 Mio. CHF
+3% (Fx-adj.: +5%)
Margin up +0.4pp
4.6% vs. 4.2% PY
Employees 4'580
-2%
Media & Analyst Conference Half-Year Results 2024 | 3 |
1 B U S I N E S S R E V I E W & H I G H L I G H T S
4 Business Areas focusing on light-weight composite solutions
DISPLAY | CORE MATERIALS | ARCHITECTURE | TRANSPORT & INDUSTRY |
- of Net Sales HY 2024
- Continued cautious market and consumer sentiment
- Customers started to order more in anticipation of rising commodity prices
- Portfolio transformation towards a broader and more sustainable offering strengthens market position
- Strong focus on go-to-market/ pricing as well as procurement efficiencies pay off - margins considerably increased
43%
©BENETEAU
- Weak demand in wind and non-wind combined with high price pressure in China
- Next growth cycle in European & US wind market still delayed due to lengthy and slow approval processes
- JMB Wind Engineering fully reflected in HY
- Relative margin increased thanks to vast operational excellence action plan and attractive Balsa business
21%
- US sales with strong growth and good margins
- Asia with higher sales supported by China and India
- Economic challenges in Europe remain with soft construction activity
- All Regions contributed with comprehensive go-to-market and efficiency measures to increased margins
20%
©HOERMANN KG
- Continued muted end markets
- Industry customers effected by the weak economy and cautious investment behavior
- Rail & Bus segment felt impact of customer-induced delays
- Missing volumes and scale effects put margins under pressure
16%
Media & Analyst Conference Half-Year Results 2024 | 4 |
1 B U S I N E S S R E V I E W & H I G H L I G H T S
Great reference projects in Americas spotlighting profitable growth story
US Air Force Academy Visitor Center,
Colorado Springs, Colorado
Architect: Fentress Architects
Symphony Square - The Waller, Austin Texas | |
Architects: R2L Architects | |
LEED: Gold | |
(Leadership in Energy and Environmental Design) | Union on 24th, Austin, Texas |
Architect: Perkins & Will | |
Prefabricated elements | |
Media & Analyst Conference Half-Year Results 2024 | 5 |
1 B U S I N E S S R E V I E W & H I G H L I G H T S
Numerous highlights in HY 2024
Portfolio - Digitalization - Innovation
Virtual Supermarket | Monarc | |
interior wall panels | ||
JV Architecture China
- Virtual supermarket showcasing the many suitable applications of 3A Composites for supermarket fitting
- Architecture North America with an extended Monarc interior wall panel offering
- ZNL acquisition:
- Closing of acquisition 26th of Feb 2024
- Fully integrated & contributing to results
Sustainability
Ecovadis | Postindustrial PET | |
in AIREX® T92 | ||
- >50% of all European sites successfully certified by Ecovadis
- Increased share of postindustrial PET content in AIREX® T92 range (EPD verified), reducing the recyclable material from the bottle industry continuously
Team & organization
- Combining Architecture Europe & Asia under new leadership
- New leader for 3A Composites Americas
Sonia Mokdad | Nick Scheib |
CEO Architecture Asia & Europe | CEO Americas |
Media & Analyst Conference Half-Year Results 2024 | 6 |
1 B U S I N E S S R E V I E W & H I G H L I G H T S
Increased share of postindustrial PET content in AIREX® T92 range
«Contender Boats is a manufacturer of semi-custom sportfishing boats based in Homestead, FL. With current models ranging from 23' to 44', Contender has been building high performance center consoles for over 40 years.
Our longstanding partnership with 3A Composites Core Materials has helped Contender remain a market segment leader. With the implementation of materials such as AIREX® T92, we have continued to evolve our lamination processes to further refine our model. We appreciate the responsiveness of the 3ACM team, the quality of the materials, and the value we receive throughout the 3ACM product portfolio. We stand behind every boat we build, knowing they are built using quality core materials from 3ACM.»
Chris Becker
Contender Boats
Media & Analyst Conference Half-Year Results 2024 | 7 |
1 B U S I N E S S R E V I E W & H I G H L I G H T S
Monarc - Enter into new attractive markets in Architecture
• Proprietary manufacturing process allowing efficient customizing and unique product properties
• New attractive market - growth potential
• Additional customer touchpoint - cross selling
• Higher willingness to pay - less price sensitive per m2
• Additional volume from architecture leads to economy of scale in production
Media & Analyst Conference Half-Year Results 2024 | 8 |
1 B U S I N E S S R E V I E W & H I G H L I G H T S
Digital transformation: Virtual supermarket simplifying customer interface
Media & Analyst Conference Half-Year Results 2024 | 9 |
M E D I A & A N A L Y S T C O N F E R E N C E H A L F - Y E A R R E S U L T S 2 0 2 4
Agenda
- Business Review & Highlights
- Half-YearResults 2024
3 Focus & Outlook H2 2024
4 Questions & Answers
Media & Analyst Conference Half-Year Results 2024 | 10 |