Pva Tepla Ag · XETR:TPE
Pva Tepla — FY2022 Earnings Presentation
20 slides from Pva Tepla's earnings presentation, Mar 23, 2023
Slide 1: FY 2022 Presentation
FY 2022 PRESENTATION 23 March 2023
Slide 2: Agenda
AGENDA BUSINESS HIGHLIGHTS FY 2022 FINANCIALS FY 2022 OUTLOOK FY 2023 2
Slide 3: Highlights 2022
HIGHLIGHTS 2022 LOOKING BACK ON A SUCCESFUL YEAR § Significant increase in revenue and earnings despite one-off development costs in semiconductor § Exceeded own guidance thanks to dynamic second half performance § Order book increased to EUR 324.3 m from EUR 283.3m § Full acquisition of MPA Industr
Slide 4: Acquisition of MPA Industrie
ACQUISITION OF MPA INDUSTRIE IMPORTANT STRATEGIC COMPLEMENT § Further expansion of process technology know-how of high- performance coatings § The fast-growing markets include structural components for applications in the semiconductor industry, fibre-reinforced ceramics in the aerospace industry, a
Slide 5: Innovation Drives Future Growth
INNOVATION DRIVES FUTURE GROWTH NEXT GENERATION SILICON PULLER FOR FUTURE BUSINESS OPPORTUNITIES § In 2022, the next generation prototype was completed within the framework of a publicly funded development project - 3 units have already been sold to a strategic customer § The next generation Silicon
Slide 6: Key Figures
KEY FIGURES GROWTH MOMENTUM INTACT § Strong order intake – book-to-bill ratio at 1.15x § Adj. for the EUR 95 m bulk order in Q3 2021, order intake Order Intake Sales rose 8% EUR 235.0 m EUR 205.2 m § Momentum further improved in Q4 2022: Sales +83.5% y/y, EBITDA +98.7% y/y ↗ 8.0%* ↗ 32.0% Order Back
Slide 7: Agenda
AGENDA BUSINESS HIGHLIGHTS FY 2022 FINANCIALS FY 2022 OUTLOOK FY 2023 7
Slide 8: Order Intake
ORDER INTAKE UNDERLYING GROWTH CONTINUED IN 2022 Year to Year Region § Adjusting for the large-ticket effect [EURm] [EURm] of 2021, orders have increased by bulk order 8% y/y 312.5 America § Well diversified order book: Asia Asia 95.0 43%, Germany 16%, Europe (ex- 235.0 30.5 +8% Germany) 28%, Americ
Slide 9: Group Sales
GROUP SALES CONTINOUS STRONG GROWTH IN BOTH SEGMENTS Year to Year Segment Split § On the back of a very strong Q4, [EURm] [EURm] sales exceeded guidance and +32% 205.2 increased by 32% y/y § Both divisions benefit from megatrends, e.g. digitization, e- 155.7 mobility, renewable energies 29% 2021:26%
Slide 10: Group Profit
GROUP PROFIT SOARED ON ALL LEVELS Gross Profit EBITDA EBIT [EURm] [EURm] [EURm] +26% +30% +37% 59.1 46.8 30.0 23.0 25.1 18.3 (margin) 30.0% 28.8% (margin) 14.8% 14.6% (margin) 11.8% 12.2% 2021 2022 2021 2022 2021 2022 10
Slide 11: Semiconductor
SEMICONDUCTOR STRONG ORDER BACKLOG DRIVES SALES Sales and EBIT margin Order intake Order backlog [EURm] [EURm] [EURm] bulk order +24% 145.7 247.2 +2.5% 117.9 214.6 219.9 95.0 +0.7% (margin) 18.2% 15.7% 152.6 151.2 2021 2022 2021 2022 2021 2022 11
Slide 12: Industrial
INDUSTRIAL HIGH DEMAND FROM INFRASTRUCTURE (H/LNG) Sales and EBIT margin Order intake Order backlog [EURm] [EURm] [EURm] +49% 59.5 +24% 82.4 +52% 104.4 66.3 37.9 68.7 (margin) 5.1% 13.1% 2021 2022 2021 2022 2021 2022 12
Slide 13: Quarterly Sales and EBIT-Margin Development
QUARTERLY SALES AND EBIT-MARGIN DEVELOPMENT EXTRAORDINARY STRONG Q4 Sales and EBIT margin § Impressive Q4 2022 for PVA TePla [EURm] Group with high order activity 74.3 § Exceeded initial expectations +83.5% § EBIT margin climbing up quarter on quarter 2022 supported by 50.9 economies of scale 46.8 3
Slide 14: Agenda
AGENDA BUSINESS HIGHLIGHTS FY 2022 FINANCIALS FY 2022 OUTLOOK FY 2023 14
Slide 15: Committed to Sustainability
COMMITED TO SUSTAINABILITY - Reduce greenhouse gas emissions and pollutants - Focus on reducing, reusing, and recycling waste, supporting a circular economy - Focus on markets and products for energy efficiency and better environmental performance - Develop innovative solutions for future challenges
Slide 16: Financial Guidance for Full Year 2023
FINANCIAL GUIDANCE FOR FULL YEAR 2023 DOUBLE-DIGIT GROWTH Consolidated sales expected between EUR 240 and 260 million CONTINUED PROFITABILITY Operating result before taxes and depreciation and amortisation (EBITDA) between EUR 36 and 40 million
Slide 17: Time for Your Questions
TIME FOR YOUR ~\ QUESTIONS PVA€ TePla
Slide 18: Forward-looking statements disclaimer
This presentation contains forward-looking statements which are based on certain assumptions, expectations and opinions of the management of PVA TePla (the "Company") or cited from third-party sources. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A va
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS § Strong financial performance: PVA TePla has § Strong customer relationships: The company has consistently demonstrated strong financial established strong relationships with its performance, with a significant increase in customers, providing them with reliable and high- reve
Slide 20: Key Figures
KEY FIGURES [EURm] Q4 2021 Q4 2022 +/- FY 2021 FY 2022 +/- Sales 40.5 74.3 +83.5% 155.7 205.2 +31.8% Gross profit margin 28.7% 27.1% -1.6 pp 30.0% 28.8% -1.2 pp Sales expense ratio -4.9% -4.3% +0.6 pp -8.5% -7.9% +0.6 pp Administrative costs ratio -5.8% -3.0% +2,8 pp -7.2% -5.6% +1.6 pp EBITDA 6.8 1