Kontron Ag · XETR:KTN

Kontron — Q1 2023 Earnings Presentation

15 slides from Kontron's earnings presentation, May 4, 2023

  1. Slide 1: Earnings Call Q1 2023

    Explore the Kontron Group We are a fast-moving multinational technology leader. Earnings Call Q1 2023 May 4th, 2023

  2. Slide 2: New Kontron: High- and Lowlights Q1 2023

    New Kontron: High- and Lowlights Q1 2023 Highlights Lowlights › Increase in net profitability › Chip shortage: EUR 88m of EUR 16.6m (6% margin) overdue orders (down EUR 39m from peak) › Positive operat. cash flow EUR 5.2m (Q1-23) vs. EUR -60m › Inventory/cash drain back to (Q1-22) normal: EUR -57m o

  3. Slide 3: KPI's Q1 2023

    KPI‘s Q1 2023 Healthy start for the New Kontron Revenue EBITDA Operating Net Income after NCI* (in EUR m) (in EUR m) (in EUR m) 40 16 Cent EPS 63% 26 Cent 300 20 277.7 247.0 15 200 29.6 16.6 20 23.7 10 100 10.0 5 + 12.4% + 24.9% + 66.4% 0 0 0 Q1-22 | Q1-23 Q1-22 | Q1-23 Q1-22 | Q1-23 * 2022 adj for

  4. Slide 4: Kontron Group Balance Sheet as of 31.03.2023

    Kontron Group Balance Sheet as of 31.03.2023 Equity and liquidity very strong Mio. EUR 31.03.2023 31.12.2022 31.03.2023 31.12.2022 NON-CURRENT ASSETS 413,2 412,1 EQUITY 645,8 635,7 Fixed Assets 382,3 379,1 accumulated results 446,2 449,6 as of Property, plant and equipment 97,8 95,5 as of Treasury s

  5. Slide 5: The New Kontron: Backlog and Design wins

    The New Kontron Backlog and Design wins (in EUR bn) Backlog Design wins Top 10 Customers 2022 Country Volume EUR 4 Czech railway provider CZ 24.7m 3.41 Multinational telecom provider UK 16.5m 3,5 3.37 Medical respiratory machines GER 16.5m 2.97 3 UK railway provider UK 13.1m 2,5 2.35 Global leader i

  6. Slide 6: Additional Disclosures

    Additional Disclosures Q1 2023 Delinquent Backlog and Inventory Development Op. cash flow adjustments (In EUR m) In TEUR 5,224 STATED OP. CASH FLOW 300 16,905 Decrease in A/R factored in Q1-23 22,129 ADJUSTED OP. CASH FLOW 246 242 250 219 213 Organic growth 201 In TEUR Q1-22 Q1-23 200 187 193 179 St

  7. Slide 7: Europe

    Europe Segment overview Q1 2023 Revenue and EBITDA ** EBITDA margin*** › Split in Divisions (by size) Order Entry* › Industrial › Communications Book-to-bill: 1.11 › OT services › Our backbone: Design basic 232.7 16.0 16.4 208.7 technologies for Global and 9.6% 9.2% Software/Solutions 187.6 › 3,148

  8. Slide 8: Global

    Global Segment overview Q1 2023 Revenue and EBITDA ** EBITDA margin*** › Split in Regions (by size) Order Entry* › USA › China Book-to-bill: 1.25 › Acts as a sales channel to sell European basic technology and SW 80.1 4.0 8.1% › Locally engineering for customization and avionics 63.9 › USA did grow

  9. Slide 9: Software + Solutions

    Software + Solutions Segment overview Q1 2023 Revenue and EBITDA ** EBITDA margin*** › Split in Divisions (by size) Order Entry* › Transportation (hi-speed trains) › Software (susietec®) Book-to-bill: 2.39 › Our backbone: Design basic technologies for global and Software/Solutions 9.2 18.9% 127.4 ›

  10. Slide 10: The New Kontron: Bigger acquisitions planned

    The New Kontron Bigger acquisitions planned M&A is a core competence of Kontron M&A Volume (in EUR m) › Half of growth by M&A (10% /year), half organic Game Changer › Target: Restructuring situations at no profit = low prices 350 Acquisitions Kontron M&A › High synergies with Kontron = achieve >10%

  11. Slide 11: The New Kontron: Cash Usage 2023

    The New Kontron Cash Usage 2023 Liquidity on hand March 2022 Cash usage for acquisitions and operations › EUR 438.4m cash on hand › Q1 factoring reduced by 16.9m, ST debt by EUR 66.1m › EUR 59m ST receivables from Vinci › Target Q2-Q4/23: reduce further EUR 20m debt › EUR 180m non utilized lines › S

  12. Slide 12: Guidance 2023 increased by 10% to EUR 66m

    The New Kontron Guidance 2023 increased by 10% to EUR 66m – we expect no extraordinary effects New Kontron w/o Guidance 2023 & Outlook 2025 divested IT Services 150 1.500,00 In Mio. EUR 2023E 2025E 1.200,00 100 900,00 Revenue 1,200m 2,000m* 600,00 50 300,00 EBITDA 11% 13% 0,00 0 2014 2015 2016 2017

  13. Slide 13: Summary

    Summary Achievements Q1-23 Targets › Strong order intake of EUR 391m (book-to-bill 1.41) › Guidance 2023: › Refocus on IIoT completed “the new Kontron” › Revenue ~EUR 1,200m › Significant improved net income of EUR 16.6m (Q1-23) › Net income EUR 66m vs 10.0m (Q1-22) › EUR 2,000m IIoT revenues at > 1

  14. Slide 14: Q&A Session

    Explore the Kontron Group We are a fast-moving multinational technology leader. Q&A Session May 4th, 2023

  15. Slide 15: Disclaimer

    Disclaimer This document includes 'forward-looking statements'. Forward-looking statements are all statements, which do not describe facts of the past, but containing the words "believe", "estimate", "expect", "anticipate", "assume", "plan", "intend", "could", and words of similar meaning. These for

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