Zumtobel Group AG · VIE:ZAG
Zumtobel — Q1 2021/22 Earnings Presentation
21 slides from Zumtobel's earnings presentation, Sep 7, 2021
Slide 1: Q1 2021/22 Management Presentation
Q1 2021/22 Management Presentation September 7, 2021
Slide 2: Q1 2021/22 highlights
Q1 2021/22 highlights ― Tridonic was granted the Innovation Award 2021 for the SIDEREA project by the Federal State of Vorarlberg. Now, the project is nominated for the Austrian Innovation State Award – the highest Austrian award for pioneering companies ― Trunking systems for 50 Walmart stores main
Slide 3: Q1 2021/22 financial highlights
Q1 2021/22 financial highlights: Group revenues, EBIT and net profit all well above prior year quar ter • Group revenues increased to EUR 289.3 mn (PY EUR 250.8 mn) − Lighting Segment revenues at EUR 212.4 mn (plus 12.0%) − Components Segment EUR 92.2 mn (plus 26.1%) − Strong revenue contributions e
Slide 4: Lighting Segment – Revenue and EBIT development
Q1 revenues increased and EBIT more than doubled Lighting Segment – Revenue and EBIT development LIGHTING SEGMENT REVENUES EBIT 12.0% (fx-adj. 11.4%) 7.5% 8.1% 1.2% 3.1% 4.0% 212.4 217.1 204.4 189.7 188.1 183.0 15.9 16.5 8.7 5.9 2.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenues 2020/21 Revenues 2021/22 EBIT 2020
Slide 5: Components Segment – Revenue and EBIT development
Revenues significantl y above prior year level and EBIT mor e than doubled Components Segment – Revenue and EBIT development COMPONENTS SEGMENT REVENUES EBIT 14.0% 26.1% (fx-adj. 26.5%) 9.3% 8.1% 92.2 5.2% 4.7% 83.6 73.1 72.6 73.5 11.7 8.6 6.0 3.8 3.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenues 2020/21 Revenue
Slide 6: Group revenue and EBIT development
Revenues well above, EBIT almost tripled compar ed to prior year level Zumtobel Group – Revenue and EBIT development ZUMTOBEL GROUP REVENUES EBIT 15.4% 6.9% (fx-adj. 15.1%) 6.0% 5.6% 1.8% 2.8% 289.3 285.3 264.6 250.8 243.7 20.1 15.9 16.0 7.0 4.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenues 2020/21 Revenues 2021
Slide 7: Q1 2021/22 EBIT nearly tripled following a strong gross profit increase
Q1 2021/22 EBIT near ly tripled following a strong gross profit increase Zumtobel Group – EBIT Bridge Gross Profit increased due to Selling and Administration higher net sales of ~EUR 38.5 mn expenses higher above all due to the absence of short-time work 20.3 2.1 20.1 -8.7 -0.6 7.0 EBIT ∆ Gross pro
Slide 8: Strong net profit at EUR 13.4 mn
Strong net profit at EUR 13.4 mn Zumtobel Group – Income statement in EUR mn Q1 2021/22 Q1 2020/21 Change in % Revenues 289.3 250.8 15.4 Cost of goods sold -189.1 -170.8 10.7 Gross profit (incl. development) 100.2 80.0 25.4 as a % of revenues 34.6 31.9 SG&A expenses -80.2 -70.9 13.1 Special effects
Slide 9: Strong cash flow from operating results of EUR 33.7 mn
Strong cash flow from operating results of EUR 33.7 mn Zumtobel Group – Cash Flow Statement in EUR mn Q1 2021/22 Q1 2020/21 FREE CASH FLOW DEVELOPMENT Cash flow from operating results 33.7 23.9 (cumulative figures in EUR mn) 100.0 Change in working capital -22.6 -24.5 Change in other operating items
Slide 10: Solid balance sheet: debt coverage ratio at 0.86
Solid balance sheet: debt cover a ge r atio at 0.86 Zumtobel Group – Key balance sheet data Solid liquidity position backed by: in EUR mn July 31, 2021 April 30, 2021 • Consortium credit agreement with a term ending November 2022 and a Total assets 993.5 977.7 max. volume of EUR 200 mn, whereof EUR
Slide 11: Q1 sales significantly improved versus prior year
Q1 sales significantl y impr oved ver sus prior year Zumtobel Group – Sales development by Quarter vs PY Period in % 15.4 9.6 5.9 5.8 2.8 3.4 1.1 1.8 -0.9 -0.6 -0.5 -1.7 -2.6 -4.9 -5.0 -4.7 -5.3 -7.3 -7.6 -8.8 -10.1 -12.7 -12.7 -13.9 -15.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 12: Regional revenue distribution
Group revenues increased by 15.4% to EUR 289.3 mn in Q1 2021/22 Zumtobel Group – Regional revenue distribution Change in % in EUR mn Q1 2021/22 nominal FX adjusted D/A/CH 91.4 4.8 5.7 Northern and Western Europe 72.0 24.8 20.8 Southern and Eastern Europe 81.7 26.9 28.4 Asia & Pacific 32.9 37.1 34.8
Slide 13: Zumtobel confirms outlook
Zumtobel confirms outlook Zumtobel Group Outlook Revenue increase by 4 – 7% EBIT margin increase to 4 – 5% Keep working capital between 14 – 14.5% (of rolling 12-month revenues) CAPEX spending at a healthy level between EUR 50 mn – EUR 55 mn Q1 2021/22 results 13
Slide 14: Join our Capital Markets Day
Join our Capital Markets Day on October 12, 2021 at the Light Forum in Dornbirn or online. For further information, please contact the Investor Relations team. 14
Slide 15: Back-up
Back-up i ZUMTOBEL Group
Slide 16: Financial Calendar
Financial Calendar Zumtobel Group October 12, 2021 Capital Markets Day December 7, 2021 Half-Year Financial Report 2021/22 (1 May 2021 - 31 October 2021) March 8, 2022 Interim Report Q1-Q3 2021/22 (1 May 2021 - 31 January 2022) Q1 2021/22 results 16
Slide 17: Working capital on stable level
Wor king capital on stable level Zumtobel Group – Working capital 17.6% 17.3% 16.3% 15.1% 16.2% 15.0% 15.0% 14.6% 12.3% • Working capital at EUR 175.6 mn as of 31 July 2021 (30 April 2021: EUR 152.5 mn) • In % of rolling 12-month revenues, working capital at 16.2% (PY: 17.6%) Q1 Q2 Q3 Q4 in % of rol
Slide 18: Supplement data regarding segment reporting
Supplement data regarding segment repor ting Zumtobel Group Lighting Segment Components Segment Reconciliation Group in EUR mn Q1 2021/22 Q1 2020/21 Q1 2021/22 Q1 2020/21 Q1 2021/22 Q1 2020/21 Q1 2021/22 Q1 2020/21 Net revenues 212.4 189.7 92.2 73.1 -15.3 -12.0 289.3 250.8 External revenues 212.1 18
Slide 19: Five-Year Overview
F i v e - Ye a r O v e r v i e w Zumtobel Group in EUR mn 2020/21 2019/20 2018/19 2017/18 2016/17 Revenues 1,044.5 1,131.3 1,162.0 1,196.5 1,303.9 Adjusted EBIT 45.5 53.9 27.6 19.7 72.4 as a % of revenues 4.4 4.8 2.4 1.6 5.6 Net profit/loss for the period 45.6 14.5 -15.2 -46.7 25.2 as a % of revenue
Slide 20: Thank you
Thank you ZUMTOBEL GROUP AG Investor Relations Tel.: +43 (5572) 509-1125 [email protected] www.zumtobelgroup.com 20
Slide 21: Disclaimer
Disclaimer The facts and information contained herein constitute forward -looking statements as of the date they were made and based upon assumptions as to future events or circumstances that may not prove to be complete or accurate. By their nature, these statem ents involve risk and uncertainty be