JOST Werke SE · XETR:JST
JOST Werke — Investor Day (November 2021)
16 slides from JOST Werke's investor day presentation, Nov 23, 2021
Slide 1: Driving Sustainable Performance
JOST WERKE AG – CAPITAL MARKETS DAY 2021 – CHRISTIAN TERLINDE DRIVING SUSTAINABLE PERFORMANCE CHRISTIAN TERLINDE – CFO OF JOST WERKE AG
Slide 2: Driving Value: Growth, Flexibility, Sustainable Performance, Innovation
1 Driving Growth 2 Driving Flexibility Driving Value 3 Driving Sustainable Performance 4 Driving Innovation 2 JOST Werke AG – JOST CAPITAL MARKETS DAY 2021 – DRIVING SUSTAINABLE PERFORMANCE – 23 NOVEMBER 2021
Slide 3: Focus on Value Creation Leading to Strong Shareholder Returns
Focus on Value Creation Leading to Strong Shareholder Returns Profitable Strong Cash FY 2017 (IPO) FY 2020 Share price Growth Generation SALES 701m€ » 794m€ development FY 2017 (IPO) FY 2020 since IPO Value ADJ. EPS 2.99€ » 3.18€ Creation FY 2017 (IPO) FY 2020 +75% FREE CASHFLOW +45m€ » +98m€ FY 201
Slide 4: The Journey Continues – Successful First Nine Month 2021
The Journey Continues – Successful First Nine Month 2021 783m€ 84m€ 10.7% sales adj. EBIT adj. EBIT margin Financial Results 9M 2021 1.47x 17.6% 1.6% leverage ROCE capex ratio 4 JOST Werke AG – JOST CAPITAL MARKETS DAY 2021 – DRIVING SUSTAINABLE PERFORMANCE – 23 NOVEMBER 2021
Slide 5: JOST's Ambitions Through the Cycle – Accelerated Profitable Growth
JOST’s Ambitions Through the Cycle – Accelerated Profitable Growth Mid-term timeframe: 3-5 years SALES IN M€ Mid to high ADJ. EBIT MARGIN IN % single digit CAGR (ADJ. EBIT/SALES X 100) 3% CAGR 11.5% 755 794 701 736 10.9 10.7 10.4 9.2 10.0% FY 2017A FY 2018A FY 2019A FY 2020A mid-term FY 2017A FY 201
Slide 6: Accelerated Profitable Growth – Headwinds and Tailwinds
Accelerated Profitable Growth – Headwinds and Tailwinds Headwinds Tailwinds ✓ Labor cost increases ✓ Increase of automation and digitalization ✓ Continuous supply chain constraints ✓ Faster globalization of JOST’s agricultural ✓ Material cost increases sales and production footprint ✓ Downturn of gl
Slide 7: JOST's Ambitions Through the Cycle – Disciplined Capital Allocation
JOST’s Ambitions Through the Cycle – Disciplined Capital Allocation Mid-term timeframe: 3-5 years LEVERAGE CAPEX IN % (NET DEBT/ADJ. EBITDA) (CAPITAL EXPENDITURE/SALES X 100) Acquisition of Ålö (250m€ fully financed with cash and debt) 1.99x 2.0x 2.7% 2.6% 2.6% 1.20x 2.4% ~2.5% 0.85x 0.46x 1.0x FY 2
Slide 8: Well Balanced Maturity Profile with Strong Fire Power
Well Balanced Maturity Profile with Strong Fire Power DEBT REPAYMENT TIMELINE COVENANT STRUCTURE (€M) 121.5 72 Gearing covenant (net debt/equity); 47% No covenants; 53% 36 34.5 6 12 2021 2022 June 2023 June 2024 Dec 2024 June 2025 ✓ 100% of debt is free of a leverage covenant ✓ Gearing covenant less
Slide 9: JOST's Ambitions Through the Cycle – Strong Cash Generation
JOST’s Ambitions Through the Cycle – Strong Cash Generation Mid-term timeframe: 3-5 years NET WORKING CAPITAL IN % CASH CONVERSION RATE New definition (NET WORKING CAPITAL/SALES X 100) (FREE CASHFLOW/ADJ. NET INCOME) Ø 1.3 18.6% 18.5% 18.2% 16.4% 18.0% 2.1 1.5 1.0 1.2 16.0% 0.7 1.0 FY 2017A FY 2018A
Slide 10: Sustainable Performance – Our Levers for Achievement
Sustainable Performance – Our Levers for Achievement Commitment to long-term sustainable performance MAIN LEVERS ✓ Integrate ESG into our business and strategic decision-making processes ✓ Management Compensation System linked to sustainability targets from 2022+ onwards ✓ Analyze ESG impact of prod
Slide 11: Towards a Sustainable Future – The Beginning of a Journey
Towards a Sustainable Future – The Beginning of a Journey 2017 2019 • Set up ESG data reporting • Include all production sites in system focusing on Europe ESG reporting • First non-financial report • Preparing to comply with GRI- (no framework, not audited) Reporting framework JOST STARTING 2018 20
Slide 12: Towards a Sustainable Future – Where We Are Today
Towards a Sustainable Future – Where We Are Today CO2-EMISSIONS IN KG/PRODUCTION HOUR WORKPLACE ACCIDENT RATE (SCOPE 1 AND SCOPE 2) (NO. ACCIDENTS / 1,000 EMPLOYEES) 7.6 6.9 7.6 incl. Ålö -50% 22 20 6.0 reduction 18 13 5.7 FY 2017A FY 2018A FY 2019A FY 2020A FY 2030E FY 2017A FY 2018A FY 2019A FY 20
Slide 13: Towards a Sustainable Future – The Way There
Towards a Sustainable Future – The Way There Reduce Scope 1 and Scope 2 CO 2 emissions per production hour by -50% until 2030 (compared to 2020) Grey-to-green Steadily increase JOPEX percentage of renewable energies in JOST’s power JOST operational excellence New technologies mix worldwide measures
Slide 14: Driving Sustainable Performance – Executive Summary
Driving Sustainable Performance – Executive Summary JOST is well positioned to achieve its targets for accelerated profitable growth Strong cash flow generation and track-record of financial resilience Comprehensive opex and capex management supported by strict working capital management Sustainable
Slide 15: Q&A
Q&A 15 JOST Werke AG – JOST CAPITAL MARKETS DAY 2021 – DRIVING SUSTAINABLE PERFORMANCE – 23 NOVEMBER 2021
Slide 16: Disclaimer
Disclaimer THIS PRESENTATION IS CONFIDENTIAL AND MUST NOT BE RELEASED, PUBLISHED, TRANSMITTED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This presentation