Facc Ag · VIE:FACC
Facc — Investor Presentation (September 2021)
54 slides from Facc's investor presentation, Sep 15, 2021
Slide 1: FACC AG – Confidential and/or Proprietary
FACC AG – Confidential and/or Proprietary
Slide 2: FACC Overview
FACC OVERVIEW 100% 500 Avic Fortune-500 company Aerospace technology & R&D employees, composite lightweight 10% R&D quota, >300 patents Tier 1 Partner for all 4.8 bn USD Order backlog 2,500 Employees worldwide aerospace OEMs Global Network of over 13 engineering 100% All Export worldwide Represented
Slide 3: Corporate Mission
CORPORATE MISSION FACC AG – Confidential and/or Proprietary We design the future of mobility with the materials of tomorrow.
Slide 4: Corporate Vision
CORPORATE VISION FACC AG – Confidential and/or Proprietary Our vision is to fulfill the human desire for mobility in new, more efficient and sustainable ways. 4
Slide 5: Our Value Chain
Product support & repair R&D Production & sales OUR Conceptual design VALUE Certification & testing CHAIN Detail design & analysis Turn key solutions Quality engineering step by step M&P engineering Industrialization M&E engineering 5 15.09.2021
Slide 6: Global Customer Network
GLOBAL CUSTOMER NETWORK FACC AG – Confidential and/or Proprietary Longstanding relationships with all leading aircraft and engine manufacturers 6
Slide 7: Tier-1 Partner
TIER-1 PARTNER Wide range of service – from product ideas to customer tailored solutions FACC AG – Confidential and/or Proprietary 7 15.09.2021
Slide 8: Aerostructures
Aerostructures THE FUTURE IS BUILT ON LIGHTNESS WE SUPPLY IT Primary and secondary structure for wings, empennage and fairings. FACC provides structural components for all commercial airplanes.
Slide 9: Engines & Nacelles
Engines & Nacelles THE FUTURE DEMANDS EFFICIENCY WE REALIZE IT Experience in providing engine fairings & engine components which are used in the latest generation of engine types. corporate presentation 9 15.09.2021
Slide 10: Engine and Nacelle Components
ENGINE NACELLE COMPONENTS COMPONENTS Generator fairings, outer bypass ducts, Engine inlets, fan cowls, blocker doors, splitter fairings, fan track & acoustic liners, translation sleeves, pylon fairings, ... front acoustic panels, spinners, … 10 15.09.2021
Slide 11: Cabin Interiors
Cabin Interiors THE FUTURE IS IN DESIGN WE CREATE IT Complete cabin interiors for > Passenger and cargo aircraft > Business jets > Helicopters
Slide 12: Specialist and Partner for ...
SPECIALIST AND PARTNER FOR ... Cockpit linings, entrance and service linings, ceiling & cove light panels, main cabins, monuments, cargo compartment linings, passenger door linings, window shades, table mechanism, partition mechanism, ... 12 15.09.2021
Slide 13: FACC AG – Confidential and/or Proprietary
13 FACC AG – Confidential and/or Proprietary
Slide 14: Aftermarket Service
AFTERMARKET SERVICE REPAIR Full MRO service package for winglets, sharklet, control surfaces and fairings, full service for NDT inspection, … REFURBISH Handcrafted business or private jet FACC AG – Confidential and/or Proprietary interior refurbishment, passenger luggage space upgrade, center ceilin
Slide 15: FACC Program Portfolio
FACC PROGRAM PORTFOLIO 15 FACC AG – Confidential and/or Proprietary
Slide 16: Commercial Aircraft: Wide-body
COMMERCIAL AIRCRAFT Wide-body Boeing 747 A330/A330 neo Boeing 767 A350XWB Boeing 777 A380 Boeing 787 16 15.09.2021
Slide 17: Commercial Aircraft: Narrow-body
COMMERCIAL AIRCRAFT Narrow-body COMAC C919 Boeing 757 Boeing 737 A320 Family 17 15.09.2021
Slide 18: Commercial Aircraft: Regional jets
COMMERCIAL AIRCRAFT Regional jets XAC MA700 ARJ21 E-Jet E2 A220 SSJ100 ERJ Family 18 15.09.2021
Slide 19: Business Jets & Helicopters
BUSINESS JETS & HELICOPTERS Challenger 350 Learjet 40/45 Global 5000 Global 7000/8000 Legacy 450/500 Gulfstream G350/ Lineage 1000E Phenom 100/300 450/550/650 Cessna Citation Cessna Mustang Falcon 900 Falcon 2000 Falcon 7X Hawker 800 EC 135/EC 145 19 15.09.2021
Slide 20: FACC Global
FACC GLOBAL Manufacturing Site Manufacturing Site FACC AG – Confidential and/or Proprietary 20
Slide 21: R&D: Setting New Standards
R&D: SETTING NEW STANDARDS We make aviation safer, greener and more efficient Focus on: > Material development > Automated fabrication > Process development > New inspection technology > Development of prototypes > Next generation composite structure 21 15.09.2021
Slide 22: Corporate Social Responsibility
SOCIAL CORPORATE RESPONSIBILITY FACC AG – Confidential and/or Proprietary
Slide 23: FACC Strategy 2030
FACC STRATEGY 2030 CLIMATE CHANG ASSESSMENT: Sustainability is becoming a key ‘onsideration in this industry \ Advanced lightweight expertise Key CO, neutrality o) Optimum resource economy (>) Recycling ® a“ 7 i, 3 \ - Sieur economy SIGNIFICANCE FOR FACC: The climate protection targets are ambitious
Slide 24: Sustainable Strategic Goals
SUSTAINABLE STRATEGIC GOALS For 2021 and 2022 Environment Use of electricity from exclusively renewable sources Production takes place exclusively in Increase the recycling rate for production waste to around 30 percent consideration of ecological, ergonomical and Reducing light pollution from
Slide 25: Sustainability Reporting
SUSTAINABILITY REPORTING FACC RATING A (previously A) Peers Rating Boeing BB (previously B) Airbus B (previously BBB) FACC RATING (Bronze) FACC RATING (Silver) FACC RATING C- (previously C-) Peers Rating Bombardier C (previously C+) MTU C+ (previously C+) 25
Slide 26: Roadmap FACC 2030
ROADMAP FACC 2030 Committed to the Sky – at all Levels FACC AG – Confidential and/or Proprietary
Slide 27: Global Trends
GLOBAL TRENDS POPULATION GROWTH IDEAL PREREQUESITES URBANIZATION FOR OUR LIGHTWEIGHT FACC AG – Confidential and/or Proprietary CLIMATE CHANGE INNOVATIONS GLOBALIZATION & DIGITALIZATION 27 27
Slide 28: Roadmap FACC 2030
ROADMAP FACC 2030 Aviation remains core business, UAM & Space will diversify future business FACC AG – Confidential and/or Proprietary 28 15.09.2021
Slide 29: Aviation
AVIATION Our goal is to be represented on every modern commercial and business aircraft with FACC innovations Our focus: Increasing market share Expansion of customer and product portfolio Expansion of vertical integration and FACC AG – Confidential and/or Proprietary manufacturing competencie
Slide 30: Urban
URBAN The need for new urban mobility solutions is increasing (e.g. air taxis, logistics, search and rescue drones) Our focus: Balanced, broad customer and product portfolio Preferred Tier-1 development and manufacturing partner FACC AG – Confidential and/or Proprietary 30
Slide 31: AAV Applications
AAV APPLICATIONS 31 FACC FACC AG AG –– Confidential Confidential and/or Proprietary and/or Proprietary
Slide 32: AAV Applications
AAV APPLICATIONS 32 FACC AG – Confidential and/or Proprietary
Slide 33: Space
SPACE Launchers, satellites, space travel - space is a significant growth market Our focus: Recognized technology partner in the space industry Preferred Tier-1 development and manufacturing partner Generate additional business growth through FACC AG – Confidential and/or Proprietary new marke
Slide 34: Aerospace Market
BEYOND HORIZONS | Aerospace Market a
Slide 35: Global Market Overview
FACC AG | Confidential and/or Proprietary GLOBAL MARKET OVERVIEW Recovery is different among regions World markets ▪ Regions experience different recovery patterns and speed ▪ Vaccine availability and travel restrictions are the drivers and roadblocks ▪ North America leads the recovery ▪ After long
Slide 36: Global Market Overview
FACC AG | Confidential and/or Proprietary GLOBAL MARKET OVERVIEW Continental travel is steadily improving Passenger rates improving ▪ Vaccine availability as kick start in March 2021 ▪ International travel still subdued due to travel restrictions ▪ International traveling between Europe and North Am
Slide 37: Market Development
FACC AG | Confidential and/or Proprietary MARKET DEVELOPMENT Mid- and longterm: stable upward trend > Market bottom reached in August 2020 > Stabilisation since then – growth forecast beginning with Q4/2021 > Short- and medium-haul aircraft with 10-15% growth beginning in Q4/2021 > Long-haul aircraf
Slide 38: Fleet Development
FACC AG | Confidential and/or Proprietary FLEET DEVELOPMENT Over 43,000 new aircraft / 40% going to asia-pacific region 38
Slide 39: Financials Key Topics
FINANCIALS KEY TOPICS
Slide 40: Revenues
FACC AG | Confidential and/or Proprietary REVENUES Revenues heavily impacted by COVID-19 pandemic Revenue development Revenue distribution (31.12.2020) in million EUR in million EUR 148,2 747,6 781,6 705,6 653,1 580,2 526,9 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 CY 2019 FY 2020 (12 months) 40
Slide 41: Overview 1st Half-Year 2021
FACC AG | Confidential and/or Proprietary OVERVIEW 1ST HALF-YEAR 2021 FACC is back in the profit zone Revenue > Market stabilization continues 240 mill. EUR > 20% higher sales in Q2/2021 compared to previous year > Turnaround achieved > Significant increase in EBIT compared with the previous year EB
Slide 42: Global Market Overview
FACC AG | Confidential and/or Proprietary GLOBAL MARKET OVERVIEW Steep increase in 2021 aircraft deliveries compared to 2020 172 H1 /2021 airplane deliveries ▪ 453 deliveries in H1/2021 versus 266 122 125 deliveries in H1 2020 indicate steep post- Covid recovery 77 79 ▪ Airbus delivered 297 aircraft
Slide 43: Revenues
FACC AG | Confidential and/or Proprietary REVENUES Market stabilization supports revenue stream Revenues Revenue details in million EUR ▪ 2nd quarter and 1st half-year marginally higher than planned 195,4 ▪ Q2 2021 revenues increased by 20% compared to Q2 2020, showing the stabilization of aerospace
Slide 44: EBIT
FACC AG | Confidential and/or Proprietary EBIT FACC successfully implemented cost reduction measures EBIT EBIT improvements in million EUR ▪ FACC successfully adapted its cost structure to the new market environment 11,3 ▪ Second positive EBIT quarter in a row 2,5 0,4 ▪ Division profit situation het
Slide 45: Aerostructures
FACC AG | Confidential and/or Proprietary AEROSTRUCTURES Revenue growth and EBIT turn-around Revenue EBIT in million EUR in million EUR 70,3 4,9 1,9 49,3 44,6 39,9 -0,8 32,5 32,6 -6,6 -5,8 -19,2 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 45
Slide 46: Engines & Nacelles
FACC AG | Confidential and/or Proprietary ENGINES & NACELLES B787 dragging on revenue, but EBIT supportive Revenue EBIT in million EUR in million EUR 46,3 2,2 2,0 2,0 28,3 26,6 24,9 23,3 17,4 -6,6 -8,0 -10,5 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2
Slide 47: Cabin Interiors
FACC AG | Confidential and/or Proprietary CABIN INTERIORS Positive revenue development Revenue EBIT in million EUR in million EUR 78,7 4,2 51,5 54,2 54,2 49,9 -0,8 -1,4 42,4 -5,3 -7,5 Q1 2021 -16,1 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 47
Slide 48: Free Cash Flow
FACC AG | Confidential and/or Proprietary FREE CASH FLOW Solid free CF in H1 2021 Free Cash Flow – H1 2020 Free Cash Flow – H1 2021 in million EUR in million EUR 48
Slide 49: Cash Flow
FACC AG | Confidential and/or Proprietary CASH FLOW Strict investment control INVESTMENTS WORKING CAPITAL in million EUR in million EUR 177,5 146,4 143,0 -5,7 -9,1 -15,2 1 30.06.2020 31.12.2020 30.06.2021 30.06.2020 31.12.2020 30.06.2021 49
Slide 50: Balance Sheet Figures
FACC AG | Confidential and/or Proprietary BALANCE SHEET FIGURES Encouraging capital KPIs EQUITY RATIO NET FINANCIAL DEBT in million EUR in million EUR 270,8 234,4 232,1 37,3% 243,2 238,7 225,2 37,4% 37,9% 1 1 30.06.2020 31.12.2020 30.06.2021 30.06.2020 31.12.2020 30.06.2021 50
Slide 51: Outlook 2021
FACC AG | Confidential and/or Proprietary OUTLOOK 2021 Slightly positive EBIT expected − Secure health and safety of our people with continuous company-wide vaccination program − All cost reduction and cash flow improvement measures are executed according to the plan − Stable market environment and
Slide 52: FACC Share and IR Information
FACC AG | Confidential and/or Proprietary FACC SHARE AND IR INFORMATION > Share Information > IR Contact ISIN AT00000FACC2 Official market Vienna Stock Exchange/prime market Ticker symbol FACC Reuters FACC.VI Bloomberg FACC AV Shares outstanding 45,790,000 FACC AG – Confidential and/or Proprietary >
Slide 53: Disclaimer
DISCLAIMER ▪ This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate', 'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-looking statements. ▪ Forward-looking statements are subje
Slide 54: FACC AG – Confidential and/or Proprietary
FACC AG – Confidential and/or Proprietary