AUTONEUM HOLDING AG March 13, 2024
2023 Annual Results Conference
Autoneum. Mastering sound and heat.
Agenda
- Business year 2023 Eelco Spoelder, CEO
- Financial results 2023 Bernhard Wiehl, CFO
- Strategic priorities Eelco Spoelder, CEO
-
Outlook 2024
Eelco Spoelder, CEO
2023 Annual Results . March 13, 2024 | 2 |
2023 Highlights
We delivered on all our promises
+34.8%
Revenue growth
in local currencies
CHF 2.3 billion
Revenue
consolidated in Swiss francs
Significant increase in revenue year-on-year supported by inorganic growth
CHF 99.2 million
EBIT
excluding one-time effects
4.3% EBIT margin
CHF 143.3 million
Free cash flow
excl. acquisition-related effects
CHF 61.1 million
Net result
Clearly increased
EBIT and profitability
Autoneum committed to three key priorities
- Significant progress in Europe
- Successful turnaround in North America
-
Positive contribution to
EBIT from Day 1 through the Borgers acquisition
Conclusion:
We delivered successfully on all three of these key elements
Proposed
dividend
Dividend of CHF 2.50 per share proposed based on the positive net result attributable to Autoneum shareholders in 2023
Innovation leadership
Automotive Acoustics
Conference 2023
Zeta-light /Ultra-Silent Tune
sustainable lightweight solutions reducing interior and exterior noise of vehicles
Responsible sourcing
Contribution to healthy oceans with Autoneum Blue products
2023 Annual Results . March 13, 2024 | 3 |
Business development
Expanding position as global market leader
Global market leader of sustainable acoustic and thermal
management solutions for vehicles
25 66
Acquisition of | Business Unit | Significantly larger | Represented | 66 production facilities |
Borgers Automotive | Commercial Vehicles | than the majority of | in 25 countries | worldwide |
on April 1, 2023 | competitors |
2023 Annual Results . March 13, 2024 | 4 |
Turnaround North America
Successful turnaround with a positive EBIT before one-time effects
EBIT before one-time effects
CHF million | EBIT | ||
margin | |||
15 | |||
-0.1 | 1.3% | ||
10 EBIT
5 | margin | 11.7 | |||||
-3.8% | |||||||
0 | |||||||
-5 | 34.6 | ||||||
-10 | -29.9 | ||||||
-15 | |||||||
-20 | |||||||
-25 | 7.0 | ||||
-30 | |||||
-35
2022 | Volume & | Operational | Currency | 2023 |
product mix | improvement | translation effect |
Achievements
- Inflation compensation through sales price adjustments
- Revenue growth in local currencies by 17.4% year-on-year
- Growth in profitability by CHF 41.5 million or by
5.1 percentage points to 1.3% EBIT margin due to: - Favorable effect from volume and product mix of CHF 7.0 million
- Operational improvements of CHF 34.6 million through labor productivity, material usage and inflation compensation
2023 Annual Results . March 13, 2024 | 5 |
Borgers acquisition
Successful organizational integration
Launch of integration process under the slogan
1 "Together we are stronger"
2
4
First focus on sales and purchase departments to exploit commercial synergies
Highly complementary product,
3 technology and customer portfolio
Cross-selling initiatives will support profitable growth
5 Successful completion of organizational integration
2023 Annual Results . March 13, 2024 | 6 |
Split of revenue 2023
Well-balanced customer portfolio
Autoneum's strength is its diversified customer portfolio. | Share of BG Europe increased from 34% to 46%. |
Increased revenue share with commercial vehicle segment. | Share of BG North America decreased from 44% to 39%. |
2023 Annual Results . March 13, 2024 | 7 |
Corporate Responsibility
Important steps toward a sustainable future
Validation of the ambitious science-basedemission reduction targets
Gold medal in
the 2023 EcoVadis sustainability rating
Third employee engagement survey with improved results
Sustainable Re-Linertechnology nominated as
finalistfor 2023PACE Award
168
Implementation of
168 eco-efficiencyprojects on energy, waste and water
74% of plants certified
according to the international standard for energy management systems
Launch of sustainability label
Autoneum Blue.
2023 Annual Results . March 13, 2024 | 8 |
Agenda
- Business year 2023 Eelco Spoelder, CEO
- Financial results 2023 Bernhard Wiehl, CFO
- Strategic priorities Eelco Spoelder, CEO
-
Outlook 2024
Eelco Spoelder, CEO
2023 Annual Results . March 13, 2024 | 9 |
Key figures
Overview
CHF million | 2022 | 2023 | Change |
Revenue | 1804.5 | 2 302.3 | 497.8 |
EBITDA | 152.1 | 289.2 | 137.1 |
in % of revenue | 8.4% | 12.6% | |
EBITDA excl. one-time effects | 157.7 | 226.3 | 68.7 |
in % of revenue | 8.7% | 9.8% | |
EBIT | 35.4 | 106.9 | 71.5 |
in % of revenue | 2.0% | 4.6% | |
EBIT excl. one-time effects | 41.0 | 99.2 | 58.3 |
in % of revenue | 2.3% | 4.3% | |
Net result | 10.9 | 61.1 | 50.2 |
Free cash flow | 57.3 | 47.2 | −10.0 |
Free cash flow excl. acquisition-related effects | 57.3 | 143.3 | 86.0 |
Basic earnings per share (EPS) in CHF | −0.47 | 9.42 | 9.89 |
2023 Annual Results . March 13, 2024 | 10 |
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Autoneum Holding AG published this content on 12 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2024 05:52:05 UTC.
