Schweiter Technologies Ag · SIX:SWTQ
Schweiter Technologies — H1 2022 Earnings Presentation
31 slides from Schweiter Technologies's earnings presentation, Aug 17, 2022
Slide 1: Media & Analyst Conference Half-Year Results 2022
Media & Analyst Conference Half-Year Results 2022 1 Zurich – August 17, 2022 Media & Analyst Conference Half-Year Results 2022
Slide 2: Content
MEDIA & ANALYST CONFERENCE H1 2022 Content 2 1 Welcome and Introduction 2 Half-Year Results 2022 3 Strategic Focus 4 Outlook H2 2022 5 Appendix / Divisional information Media & Analyst Conference Half-Year Results 2022
Slide 3: Schweiter at a Glance
1 WELCOME & INTRODUCTION Schweiter at a Glance 3 SCHWEITER TECHNOLOGIES IS A GLOBAL GROUP, MANUFACTURING AND COMMERCIALIZING COMPOSITE PANELS AND COMPOSITE SOLUTIONS Key Figures 2021 Portfolio Strategy & Goals Focus on innovation, $€ ~ 1.2 bn CHF sales Development, manufacturing and sale of customer
Slide 4: Acquisitions and Divestments
1 WELCOME & INTRODUCTION 21 successful transactions since 1998 4 ACQUISITIONS (40% stake) (25% stake) 2009 2012 2013 2015 2017 2018 2020 2021 2022 DIVESTMENTS Media & Analyst Conference Half-Year Results 2022
Slide 5: Content
MEDIA & ANALYST CONFERENCE H1 2022 Content 5 1 Welcome and Introduction 2 Half-Year Results 2022 3 Strategic Focus 4 Outlook H2 2022 5 Appendix / Divisional information Media & Analyst Conference Half-Year Results 2022
Slide 6: Group performance H1 2022
2 HALF-YEAR RESULTS 2022 Group performance H1 2022 6 648 mCHF 57 mCHF 72 mCHF Net sales EBITDA EBITDA margin Cash balance Operating Cash Flow Strong performance Solid cash balance Net sales increase of +5% (at local currencies) improvement of the display after a dividend distribution business in the
Slide 7: Group Results
2 HALF-YEAR RESULTS 2022 Group Results 7 H1 H1 Total H1/H1 in m CHF 2022 2021 2021 % Net sales 647.8 626.4 1'226.9 3% EBITDA 57.0 77.8 151.5 -27% in % of net sales 8.8% 12.4% 12.3% EBIT 37.8 58.3 111.3 -35% Net income 27.3 45.5 84.4 -40% Employees (end of period) 1) 4'511 4'432 4'443 2% 1) of which
Slide 8: Revenue Breakdown H1 2022
2 HALF-YEAR RESULTS 2022 Revenue Breakdown H1 2022 8 Transport & Industry Europe Other 13% 1% Architecture 61% 18% 648 m Row 3% 648 m CHF by CHF by segment 51% 10% region 17% Asia Core Materials 26% Display Americas Media & Analyst Conference Half-Year Results 2022
Slide 9: Group Results
2 HALF-YEAR RESULTS 2022 Group Results 9 • Architecture business continued the strong growth momentum of the previous year with a double digit growth in all regions. Temporary dip in demand in China due to repeated lockdowns hampered higher growth and profitability. • Overall solid performance in Di
Slide 10: Strong Balance Sheet
2 HALF-YEAR RESULTS 2022 Strong Balance Sheet 10 123 72 Cash position 72 mCHF 164 199 241 266 Cash 170 Other Low level of financial 168 liabilities 148 78 41 Other 38 Financial 117 liabilities 122 Shareholders‘ Equity 125 764 mCHF = CHF 534 per Goodwill share Equity ratio 67% 764 777 Equity 738 682
Slide 11: Cash Development
2 HALF-YEAR RESULTS 2022 Cash Development 11 Cash position of 72 mCHF after dividend distribution of 57 mCHF Higher working capital mostly on account of higher raw material prices Acquisition of 25% stake in Swedboard to strengthen Display business Capex of 21 mCHF to support growth and production e
Slide 12: Content
MEDIA & ANALYST CONFERENCE H1 2022 Content 12 1 Welcome and Introduction 2 Half-Year Results 2022 3 Strategic Focus 4 Outlook H2 2022 5 Appendix / Divisional information Media & Analyst Conference Half-Year Results 2022
Slide 13: Strategic Focus
3 STRATEGIC FOCUS Strategic Focus 13 Profitable & sustainable growth in composites • Innovate to differentiate & to stimulate growth • Penetrate markets with existing successful solutions • Empower acquired companies to support composite business model • Acquire selectively complementary businesses
Slide 14: Strategic Focus – Three Examples
3 STRATEGIC FOCUS Strategic Focus – Three Examples 14 Empowerment of Innovation for Sales excellence & acquired companies differentiation & growth customer proximity • Customers ask for • Growth impulse • Traditional sales channels sustainable solutions ALUCOBOND® easy fiX well established • Swedboa
Slide 15: Content
MEDIA & ANALYST CONFERENCE H1 2022 Content 15 1 Welcome and Introduction 2 Half-Year Results 2022 3 Strategic Focus 4 Outlook H2 2022 5 Appendix / Divisional information Media & Analyst Conference Half-Year Results 2022
Slide 16: Outlook H2 2022
4 OUTLOOK Outlook H2 2022 16 • Competitive advantage through product innovation and significant investments for efficiency improvements, flexibility, new applications and cost reduction. • H2 business activity expected at similar level as H1 with an uncertain economic and geopolitical environment as
Slide 17: Appendix: Divisional Information
17 APPENDIX DIVISIONAL INFORMATION Media & Analyst Conference Half-Year Results 2022 ©John Ong
Slide 18: 3A Composites
5 DIVISION INFORMATION 3A Composites 18 The global market leader in composite panels and composite solutions in lightweight constructions Media & Analyst Conference Half-Year Results 2022
Slide 19: 3A Composites - Business Idea
5 DIVISION INFORMATION 3A Composites - Business Idea 19 Select attractive market segments with unmet or latent need for raw material; efficient, low weight, high performance multi-material solutions area Offer broad range of segment Identify and evaluate specific specialties opportunities for se
Slide 20: 3A Composites – Market Segments
5 DIVISION INFORMATION 3A Composites – Market Segments 20 Transport Display Architecture Core Materials & Industry Media & Analyst Conference Half-Year Results 2022
Slide 21: Display
5 DIVISION INFORMATION Display 21 M aterials P roducts A pplications B rands Skin Material Aluminum Composite Materials • Fotomounting Coated Aluminum, (Coated) (ACM) • Interior / Exterior Signs Paper, Polystyrene, PVC • Routed Sign Faces Foamed Sheets • POP Displays Other Materials • Exhibit Constr
Slide 22: Display – Push & Pull Sales Concept
5 DIVISION INFORMATION Display 22 Way to Market - Push & Pull Sales Concept 3A Composites Strong offering position towards distributors based on a complementary product range Build on strong distribution network – working with leading European Distributors distributors Sales activities address all p
Slide 23: Display References
5 DIVISION INFORMATION Display 23 References 1 Paper board tulips DISPA® 2 Acrylic piano at KYGO world tour PERSPEX® 3 Shop design at CAMPER boutique 1 2 ©Talbot Designs SMART-X® 4 3 4 Illuminated Colour Wall PERSPEX® ©The Engine Group © CAMPER Media & Analyst Conference Half-Year Results 2022
Slide 24: Architecture
5 DIVISION INFORMATION Architecture 24 M aterials P roducts A pplications B rands Skin Material Aluminium Composite Materials Market Segments Aluminum sheets (ACM) • Sport, Airport, Public Space, • Alucobond Standard Panels Retail, Hotel, Hospital, Core Material • Alucobond Fire Rated Panels Corpora
Slide 25: Architecture References
5 DIVISION INFORMATION Architecture 25 References 1 A M Naik Tower Mumbai | India ALUCOBOND® Plus 2 Hotel SOHO @ One South Kuala Lumpur | Malaysia ALUCOBOND® Plus ©Rajeev Rai 1 2 ©John Ong 4 3 3 Norwegian Cruise Line Terminal Florida | USA ALUCOBOND® Plus 4 Maraya Concert Hall Al Ula | Saudi Arabia
Slide 26: Core Materials
5 DIVISION INFORMATION Core Materials 26 M aterials P roducts A pplications B rands Engineering Plastics Structural Airex and Baltek Core Structural and semi-structural • Polyester (PET) Materials sandwich applications • Polyetherimide (PEI) • Plain Sheets • Polyvinylchloride (PVC) • Contour Core Wi
Slide 27: Core Materials References
5 DIVISION INFORMATION Core Materials 27 References C 1 Major Wind Blade OEM PET foam (AIREX®) & Balsa (BALTEK®) 2 Automotive Sandwich AIREX® T92 | AIREX® T10 3 Yachts & motorboats hulls, bottoms 1 2 & decks 4 3 BALTEK® SB | AIREX® T92 | AIREX® T10 4 Sailboat hull bottoms, decks & top sides AIREX® T
Slide 28: Transport & Industry
5 DIVISION INFORMATION Transport & Industry 28 M aterials P roducts A pplications B rands • Engineering Foams • 3D Front Cabins for Railway • Railway Body Shell (Roofs, PET, PVC, PUR, PEI Vehicle Floors, Cabins) • Balsa based Core Materials • Structural Aluminum-Foam • Bus & Coach Roof and Floors •
Slide 29: Transport & Industry Products
5 DIVISION INFORMATION Transport & Industry 29 Products 1 COMFLOOR® Lightweight, modular, strong floor system (heated & unheated) 2 INNOCAB® Sandwich Front Cabin (incl. painting, bonding, assembly) 1 2 3 INFIT® 4 3 Ready-to-assemble, customized interior solutions (e.g. wall -, roof cover) 4 POLYCASA
Slide 30: Strong Global Presence
5 DIVISION INFORMATION Strong Global Presence 30 ASSETS IN NORTH AMERICA ASSETS IN EUROPE 15 production sites (CH, DE, IE, PL, ES, CZ, SK, UK) 4 production sites (USA) Sales / Admin (CH, UK, BE, FR) Sales / Admin office (USA) ~ 2 000 Employees ~ 450 Employees 9 14 4 5 1 ASSETS IN LATIN AMERICA ASSET
Slide 31: Disclaimer
Disclaimer 31 This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for purchase or sell any investment and neither it nor anything it contains shall form the basis of any contact whatsoever. Opinions expressed herein reflect
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