Rtx A/s · OMXCOP:RTX
Rtx A/s — Q1 2022/23 Earnings Presentation
21 slides from Rtx A/s's earnings presentation, Jan 27, 2023
Slide 1: RTX Q1 2022/23 Presentation
Conference Call I 27 January 2023 RTX Q1 2022/23 Presentation Presentation by CEO Peter Røpke Click to edit Master CFO Morten title style Axel Petersen
Slide 2: Disclaimer on Forward Looking Statements
Disclaimer on Forward Looking Statements This presentation contains statements regarding expectations for the future development of RTX A/S, in particular the direction of future product development, future revenue, earnings and potential business expansion. Such statements are subject to risks and
Slide 3: RTX at a Glance
RTX at a Glance RTX IR presentation Jan 2023 3
Slide 4: Agenda
Agenda 1. Business Update 2. Financial Update Q1 2022/23 3. Q&A 4. Appendix: RTX Business Model and Growth Strategy Peter Røpke Morten Axel Petersen President & CEO CFO RTX IR presentation Jan 2023 4
Slide 5: Business Update Q1
Business Update Q1 2023/23
Slide 6: Strong Revenue and Earnings Growth in RTX Q1 2022/23
Strong Revenue and Earnings Growth in RTX Q1 2022/23 • Q1 revenue in 2022/23 with significant growth of 64% (48% FX corrected) compared to last year with strong demand in all segments and aided by continued improvement in the availability of electronics components. • Supply chain issues from electro
Slide 7: Strong Growth Temporarily Halted by the Pandemic, but LTM Revenue Back on Growth Track
Strong Growth Temporarily Halted by the Pandemic, but 12m Trailing (LTM) Revenue now Clearly Back on Long-Term Growth Track 12m trailing RTX revenue (DKK million, 12m rolling) All time FY high: Pre- 21/22: 744m FY 663m pandemic FY 18/19: high: 572m 19/20: 560m FY FY 556m 17/18: 20/21: Pandemic Over
Slide 8: Outlook 2022/23 Maintained with Strong Start to the Financial Year
Outlook 2022/23 Maintained with Strong Start to the Financial Year Main Uncertainties are Demand and Inventory Replenishment given Potential Recessions and USD:DKK Level Result Result Result DKK million Outlook 2022/23 2019/20 2020/21 2021/22 Revenue 555.9 457.2 663.3 700 – 760 EBITDA 108.2 37.3 85.
Slide 9: Financial Update Q1 2022/23
Financial Update Q1 2022/23
Slide 10: Financial Highlights Q1 2022/23
Financial Highlights Q1 2022/23 REVENUE EBITDA EBIT EBITDA-MARGIN CFFO EQUITY RATIO DKK 208 DKK 42 DKK 32m 20.2% DKK 22m 63% REVENUE EBITDA EBIT DKKm DKKm DKKm 45 45 210 180 30 30 150 15 15 120 90 0 0 60 -15 -15 30 0 -30 -30 Q1 18/19 Q1 19/20 Q1 20/21 Q1 21/22 Q1 22/23 Q1 18/19 Q1 19/20 Q1 20/21 Q1
Slide 11: Group P&L Q1 2022/23
Group P&L Q1 2022/23 DKK million Q1 Q1 • Revenue growth of 64% in Q1 with strong demand growth in all segments and aided 22/23 21/22 by continued improvement in the availability of components. In Q1, Enterprise revenue growth of 72%, ProAudio revenue grew by 51% and Healthcare revenue Revenue 207.5
Slide 12: Group Balance Sheet
Group Balance Sheet DKK million 31 Dec 2022 31 Dec 2021 30 Sep 2022 • Inventories increased significantly compared to last year (and also Assets increased somewhat compared to the previous quarter) and are at a high level. Compared to last year, the development is driven by higher Intangible assets
Slide 13: Group Cash Flow Q1 2022/23
Group Cash Flow Q1 2022/23 • Positive cash flow from operations (CFFO) of DKK 22.1 million DKK million Q1 22/23 Q1 21/22 in Q1 2022/23 higher than last year (DKK 14.3 million). Positively Cash flow from operations (CFFO) 22.1 14.3 impacted by the higher earnings and negatively impacted by the workin
Slide 14: Q&A Session
Q&A Session "sees
Slide 15: Appendix: RTX Business Model and Growth Strategy
Appendix: RTX Business Model and Growth Strategy
Slide 16: RTX Growth Strategy
RTX Growth Strategy RTX IR presentation Jan 2023 16
Slide 17: ODM Model Operated via Framework Agreements with High Stickiness of Recurring Revenue
ODM Model Operated via Framework Agreements with High “Stickiness” of Recurring Revenue Illustrative RTX Business Case by Product Life Cycle – for one combination of product and customer Effort and revenue Revenue Engineering effort ODM/OEM revenue Start-up for replacement NRE revenue product Years
Slide 18: Who We Work With (examples)
Who We Work With (examples) RTX IR presentation Jan 2023 18
Slide 19: Strategy in our Target Markets
Strategy in our Target Markets RTX Today: Revenue by Target Market Segment 2021/22 RTX Growth Strategy towards 2024/25 Total RTX revenue Strengthen position in Healthcare 663 DKKm RTX CAGR ‘18-22: 9% • Grow existing centralized CPM1 business: Expanding share of value chain via broadened portfolio an
Slide 20: Long-Term Financial Ambitions by 2023/24
Long-Term Financial Ambitions by 2023/24 The growth strategy of RTX is expected to lead to continued profitable growth and RTX confirms our long-term financial ambitions for the financial year 2023/24. Organic revenue growth Profitability Assumptions Revenue > 800 mDKK EBITDA >145 mDKK The long-term
Slide 21: Thank you for your attention
Thank you for your attention For further information, please contact CEO Peter Røpke or CFO Morten Axel Petersen at +45 9632 2300 RTX IR presentation Nov 2022 21