Facc Ag · VIE:FACC
Facc — Investor Presentation (September 2022)
39 slides from Facc's investor presentation, Sep 1, 2022
Slide 1: FACC AG – Confidential and/or Proprietary
01.09.2022 1 FACC AG – Confidential and/or Proprietary
Slide 2: FACC Overview
FACC OVERVIEW 100% 500 400 Aerospace technology & R&D employees, >300 patents, Engineers to secure turnkey composite lightweight 10% research quota capability Tier-1 2.700 FACC AG – Confidential and/or Proprietary Partner for all aerospace OEMs Employees from 41 nations Global 100% All Network of ov
Slide 3: Milestones
MILESTONES FUTURE THROUGH EXPERIENCE 2014 IPO @ Vienna stock exchange 2013 Opening technology center 2000 New facilites & international expansion 2009 Member of AVIC Group 1999 2018 New business fields FACC AG – Confidential and/or Proprietary 1989 Conversion into FACC AG Company foundation Aftermar
Slide 4: Our Value Chain
OUR VALUE CHAIN Modification & Overhaul Research and development Repair Design & Analysis MOA DOA EASA Part 145 EASA Part 21-J Inspection & Testing Certification & Test FACC AG – Confidential and/or Proprietary POA EASA Part 21-G Production Qualification 4 Industrialization & Tooling 01.09.2022
Slide 5: Global Customer Network
GLOBAL CUSTOMER NETWORK FACC AG – Confidential and/or Proprietary Longstanding Relationships with all leading Aircraft and Engine Manufacturers 5 01.09.2022
Slide 6: FACC Global
FACC GLOBAL Manufacturing Site Manufacturing Site FACC AG – Confidential and/or Proprietary Melbourne Manufacturing Site MRO Station 6 01.09.2022
Slide 7: Plant Opening at the Croatian Site
PLANT OPENING AT THE CROATIAN SITE ADDITIONAL CAPACITIES FOR INCREASED DEMAND 2 0 2 FACC AG – Confidential and/or Proprietary 1 > Investments in phase 1: approx. EUR 15 million > Construction of state-of-the-art production facilities for Interior components > Expansion from 170 to 250 employees plan
Slide 8: Tier-1 Partner
TIER-1 PARTNER WIDE RANGE OF SERVICE – FROM PRODUCT IDEAS TO CUSTOMER TAILORED SOLUTIONS FACC AG – Confidential and/or Proprietary 8 01.09.2022
Slide 9: Current Portfolio
CURRENT PORTFOLIO PRODUCTS Comfort Entrance door and service door linings Main cabins Aerodynamics/fuel burn Galleys and washrooms Overhead bins savings Side wall and ceiling panels Business jet cabins Flap track fairings Secondary structures Pylon fairings Winglets Flight controls Wing-to-body fair
Slide 10: Aftermarket Service Solutions
AFTERMARKET SERVICE SOLUTIONS REPAIR Full MRO service package for winglets, sharklet, control surfaces and fairings, full service for NDT inspection, … REFURBISH Handcrafted business or private jet interior refurbishment, FACC AG – Confidential and/or Proprietary passenger luggage space upgrade, cen
Slide 11: Setting New Standards
SETTING NEW STANDARDS TECHNOLOGIES FOR A SUSTAINABLE & MORE EFFICIENT WORLD OF MOBILITY R&D FOCUS Thermoplastic forming and welding New inspection technologies Integrated composite structures Additive Manufacturing Materials based on renewable resources FACC AG – Confidential and/or Proprietary Sust
Slide 12: Securing Energy Supply
SECURING ENERGY SUPPLY ON THE WAY TO CO2-NEUTRAL PRODUCTION 44% 18% Electricity from • Total energy consumption of FACC approx. 77.4 GWh Natural hydropower gas • Two thirds of energy requirements from sustainable sources • 98% of space heating from geothermal energy 14% • 100% of electricity from re
Slide 13: Roadmap FACC 2030
ROADMAP FACC 2030 COMMITTED TO THE SKY – AT ALL LEVELS FACC AG – Confidential and/or Proprietary 13 01.09.2022
Slide 14: FACC 2030
FACC 2030 COMMITTED TO THE SKY – AT ALL LEVELS FACC AG – Confidential and/or Proprietary Turnkey Solutions for our core business and new markets Aerospace Urban Air Mobility Space 14 01.09.2022
Slide 15: Flight Path FACC 2030
FLIGHT PATH FACC 2030 TRANSFORMATION TO A GLOBAL PLAYER TODAY 2030 Focus on all levels: Aviation Advanced Focus Aviation Air Mobility, Space 3 Divisions + 5 Divisions + Aftermarket Services Aftermarket Services Tier-1 partner for integrated Sub- Tier-1-Partner FACC AG – Confidential and/or Proprieta
Slide 16: Market Overview
MARKET OVERVIEW 01.09.2022 16 FACC AG – Confidential and/or Proprietary
Slide 17: Air Traffic Recovery
AIR TRAFFIC RECOVERY FULL RECOVERY EXPECTED IN 2025 (NO CHANGE TO PREVIOUS FORECASTS) FACC AG – Confidential and/or Proprietary 17 01.09.2022
Slide 18: Development of RPM in Key Markets
DEVELOPMENT OF RPM IN KEY MARKETS Markets developing at different rates but in line with expectations Week of Feb 24, 2022, vs. equivalent week in 2019 94% FACC AG – Confidential and/or Proprietary 89% 84% 84% 106% Week of 76% July 13, 2022, vs - 6% + 19% + 4% + 12% equivalent week in DOMESTIC DOMES
Slide 19: Aircraft Deliveries on the Rise
AIRCRAFT DELIVERIES ON THE RISE THE BUSINESS IS GAINING MOMENTUM 1400 1200 • Production rates continue to increase (esp. 1000 A320) • Production volumes for the A220 are increasing 800 and will double by 2025 600 • Stable demand for wide-body aircraft 400 • FACC growth forecast confirmed FACC AG – C
Slide 20: Stable Customers
STABLE CUSTOMERS POSITIVE SIGNAL FOR FIRM ORDERS A319; 79 A380; 5 A319; 66 A330; 298 A330; 292 A330; 218 A319; 81 A350; 446 A350; 447 A350; 505 A220; 551 A220; 481 A220; 541 AIRBUS A321; 2979 AIRBUS A321; 3406 AIRBUS A321; 3 718 2021/02 2022/02 2022/07 7050 7058 7393 A320; 2307 A320; 2 382 A320; 270
Slide 21: Demand by Region 2022-2041
DEMAND BY REGION 2022-2041 80 % SINGLE-AISLE I 20 % WIDE-BODY 280 CIS 1580 1440 1270 EUROPA 1160 NORD & CIS 1330 AMERIKA 8140 6990 6560 CHINA 1470 8420 5720 NAHER 1530 OSTEN 7090 3000 250 220 FACC AG – Confidential and/or Proprietary AFRIKA 1690 LATEIN 1230 APAC Total AMERIKA 9160 39490 2550 980 747
Slide 22: eVTOL by Archer: Maker
EVTOL BY ARCHER: “MAKER” NEW ORDER FOR FUSELAGE AND WING COMPONENTS August 2022: > United Airlines orders 100 eVTOLs > Stellantis as strategic partner of Archer By 2024: > Completion of ground and flight tests with the FAA FACC AG – Confidential and/or Proprietary > Type certification obtained for p
Slide 23: Financials
FINANCIALS 01.09.2022 23 FACC AG – Confidential and/or Proprietary
Slide 24: Retrospective: KPIs for the First Half of 2022
RETROSPECTIVE KPIS FOR THE FIRST HALF OF 2022 EUR USD 270.1 million 500 million Group revenue New orders 2022 + 12.4% relative to previous year Core business & UAM EUR USD 6.1 million 5.5 billion Operating EBIT Order backlog EUR Crew expansion 11.8 million* 2.732 FTE Investments in technology & +200
Slide 25: Revenues and EBIT
REVENUES AND EBIT MARKET STABILIZATION SUPPORTS REVENUE GROWTH Revenues development Reported EBIT development in million EUR in million EUR 139.3 142.6 2.5 3.0 3.1 127.5 0.4 0.1 1.3 118.1 122.1 118.1 -28.1 FACC AG – Confidential and/or Proprietary Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 2
Slide 26: Free Cashflow
FREE CASHFLOW RAMP-UP & UNSTABLE SUPPLY CHAINS 1. Half of 2022 FY 2021 in million EUR in million EUR FACC AG – Confidential and/or Proprietary 26 01.09.2022
Slide 27: Cash Flow
CASH FLOW STRICT INVESTMENT CONTROL Investments Net Working Capital in million EUR in million EUR 143.0 -1.8 122.8 119.0 -4.0 -5.7 103.8 FACC AG – Confidential and/or Proprietary -11.7 -19.1 30.06.2021 30.09.2021 31.12.2021 31.03.2022 30.06.2022 30.06.2021 31.12.2021 31.03.2022 30.06.2022 27 01.09.2
Slide 28: Balance Sheet Key Figures
BALANCE SHEET KEY FIGURES DEVELOPMENT OF CAPITAL FIGURES Net Debt Leverage Development in million EUR ratio 225.2 213.4 211.5 4.97 197.0 177.8 4.19 3.86 3.53 3.60 3.28 FACC AG – Confidential and/or Proprietary 2.42 1.96 0 30.06.2021 30.09.2021 31.12.2021 31.03.2022 30.06.2022 calculated calculated 2
Slide 29: Outlook
FACC AG – Confidential and/or Proprietary OUTLOOK STRENGTH THROUGH DIVERSITY 29 01.09.2022
Slide 30: Market Outlook
MARKET OUTLOOK 12-24 MONTHS Increase of aircraft construction rates • A32F: 20 % demand increase by the end of 2023 Increase of business jet demand • A350: 25 % demand increase by the end of 2023 • 17 % FACC sales volume and • B787: Restart after 12-month suspension of consolidation as no. 1 outfitt
Slide 31: Supply Chain Outlook
SUPPLY CHAIN OUTLOOK Challenging raw material supply • Maintaining safety stock levels in the coming 12 months Energy supply • Continued targeted restructuring of supply • Currently 18 % dependence on gas chain • Conversion to alternative energy sources underway (oil) • Further expansion of geotherm
Slide 32: Key Priorities 2022
KEY PRIORITIES 2022 OUTLOOK • Revenue growth of 10 % through higher customer demand and ramp-up of new projects • EBIT target as forecast and continue to secure planning • Further expansion of direct personnel to secure growth beyond 2022 • Plant 6 / Zagreb • Ramp-up to 250 staff by the end of 2022
Slide 33: FACC Share and IR Information
FACC SHARE AND IR INFORMATION > Share Information > Shareholder Structure ISIN AT00000FACC2 55,5 % AVIC Cabin Official market Vienna Stock Exchange/prime 44.5 % Systems Co., Limited Free float market Ticker symbol FACC Reuters FACC.VI FACC AG – Confidential and/or Proprietary Bloomberg FACC AV Share
Slide 34: Equity Story
EQUITY STORY 01.09.2022 34 FACC AG – Confidential and/or Proprietary
Slide 35: Equity Story
EQUITY STORY 01.09.2022 35 FACC AG – Confidential and/or Proprietary
Slide 36: Revenues
REVENUES 01.09.2022 36 FACC AG – Confidential and/or Proprietary
Slide 37: Strategy
STRATEGY 01.09.2022 37 FACC AG – Confidential and/or Proprietary
Slide 38: Thank You!
THANK YOU! 01.09.2022 38 FACC AG – Confidential and/or Proprietary
Slide 39: 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