Raute Oyj Class A · OMXHEX:RAUTE
Raute Oyj Class A — Q3 2022 Earnings Presentation
18 slides from Raute Oyj Class A's earnings presentation, Oct 21, 2022
Slide 1: Interim report Q3 22
Interim report Q3 22 1.1.−30.9.2022 Mika Saariaho, President and CEO 21 October 2022
Slide 2: Business environment and market for Raute
Business environment and market for Raute • Demand in EMEA and North America continued strong • Latin America positive, Asian markets continue recovery • Technology services at good level in sales • Order intake amounted to 110 MEUR (YTD) • Order intake at 35 MEUR for Q3 • No mill size orders • Orde
Slide 3: Raute Q1−Q3 / 2022 in brief
Raute Q1−Q3 / 2022 in brief • Q3 Net sales increased by 10% vs previous year, Q3 Q1-Q3 Q1-Q3 YTD Net sales growth at 15% Key figures 2022 2022 2021 › Technology services, Europe and North America growing well Net sales, MEUR 41,8 112,6 98,1 • Q3 Operating result turning to profit again, YTD Operatin
Slide 4: Order intake
Order intake Technology services 46 % 110 MEUR MEUR 250 Project deliveries 54 % 200 South 150 America Russia Asia– 5% 2% Pacific area 100 9% 50 North Europe America 51 % 33 % 0 2018 2019 2020 2021 2022 Q1 Q2 Q3 Q4 4 www.raute.com
Slide 5: Order book
Order book 94 Me • Order book for other markets than Russia at 88 MEUR • Remaining order book for Russia 6 MEUR Rest of world Russia 5 www.raute.com
Slide 6: Net sales
Net sales MEUR 200 Technology 112,6 services 180 MEUR 45 % Project 160 deliveries 140 55 % 120 100 Asia–Pacific South area 80 America 6% 6% 60 Russia North 19 % 40 America 24 % 20 0 2018 2019 2020 2021 2022 Q1 Q2 Q3 Q4 Europe 45 % 6 www.raute.com
Slide 7: Operating profit
Operating profit MEUR 17,5 15,0 • Q3 operating profit 1.4 MEUR 12,5 • Impact from reservations for 10,0 ongoing projects and 7,5 writedowns for terminated 5,0 projects in Russia remained 2,5 at similar level than in Q2 (9 0,0 MEUR) -2,5 -5,0 -7,5 -10,0 -12,5 -15,2 -15,0 MEUR -17,5 2018 2019 2020 202
Slide 8: Capital expenditure and Depreciation and amortization
Capital expenditure and Depreciation and amortization MEUR MEUR 9 8 8 5,7 MEUR 7 • Key items in Capex 7 6 include renewal project 6 5 for IT and ERP systems 5 and set up of new 4 4 production site in 3 3 Changzhou, China 2 2 1 1 0 0 2018 2019 2020 2021 Q1-Q3 2022 Capital expenditure Depreciation and
Slide 9: Research and Development
Research and Development MEUR 4,5 % MEUR 6 5 5 4 4 3 3 2 2 1 1 0 0 2018 2019 2020 2021 Q1-Q3 2022 R&D costs R&D costs, % of net sales 9 www.raute.com
Slide 10: Personnel
Personnel Headcount at the end of the period, in books 812 Russia South America 3% 0,5 % 800 Asia-Pacific area 12% 700 600 North America 500 15% 400 300 200 Europe 100 69% 0 2018 2019 2020 2021 30.9.2022 10 www.raute.com
Slide 11: Income statement, Balance sheet and Key ratios
Income statement, Balance sheet and Key ratios Income statement, MEUR 1-9 2022 1-9 2021 2021 Balance sheet, MEUR 30.9.2022 30.9.2021 31.12.2021 Net sales 112,6 98,1 142,2 Goodwill 1,7 1,7 1,7 Operating result -15,2 -2,8 -2,2 Other intangible assets 9,0 5,1 6,4 Financial expenses, net 0,0 0,4 0,5 Pro
Slide 12: Earnings per share and Dividend
Earnings per share and Dividend EUR/Share % 4,00 7,5 3,00 2,78 6,5 2,00 1,80 1,40 1,45 5,5 1,00 0,80 4,5 - 3,5 - 1,00 - 0,43 - 0,42 2,5 - 2,00 1,5 - 3,00 0,5 - 3,02 - 4,00 -0,5 2018 2019 2020 2021 Q1-Q3 2022 Earnings per share, undiluted Dividend Effective dividend return, % 12 www.raute.com
Slide 13: Equity and Return on equity (ROE)
Equity and Return on equity (ROE) MEUR % 60 -62,3% 30 20 50 10 0 40 -10 30 -20 -30 20 -40 -50 10 -60 0 -70 2018 2019 2020 2021 30.9.2022 Equity Return on equity (ROE) 13 www.raute.com
Slide 14: Shareholders
Shareholders Number of shareholders at the end of the period 5 837 Nominee-registered 2,0 % Foreign shareholders 6 000 0,2 % Institutions 7,4 % Companies 4,9 % Households 82,2 % 5 000 Management 3,3 % 4 000 3 000 2 000 1 000 0 2018 2019 2020 2021 30.9.2022 14 www.raute.com
Slide 15: Market cap and Share price
Market cap and Share price MEUR EUR, at the end of the period at the end of the period 120 35,8 30,00 EUR MEUR 8,40 100 25,00 80 20,00 60 15,00 40 10,00 20 5,00 0 0,00 2018 2019 2020 2021 30.9.2022 2018 2019 2020 2021 Q3 2022 Share price at the end of the period Market cap Average share price for th
Slide 16: Outlook for 2022
Outlook for 2022 Business environment Raute • Demand for the rest of the year is expected to • Wind-down of Russian operations will continue, remain good in North America, Europe and Latin volume is gradually decreasing America, but global economic development includes elevated uncertainties • The B
Slide 17: Further information
Further information Mika Saariaho President and CEO +358 40 154 9393 [email protected] Minna Yrjönmäki Interim CFO +358 40 5702067 [email protected] 17 www.raute.com
Slide 18: Thank you for your interest! Q3 22
Thank you for Q3 22 Follow us online: your interest! www.raute.com Twitter: @RauteCorp LinkedIn: Raute Oyj Youtube: www.youtube.com/RauteMachinery Facebook: Raute Corporation Instagram: @rautecorporation