Bekaert 2022 H1 Results

29 July 2022

Oswald Schmid - CEO Taoufiq Boussaid - CFO

Safe Harbor

This presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this presentation as of its date and does not undertake any obligation to update any forward-looking statements contained in it, in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other publication issued by Bekaert.

2

H1 2022 - In Brief

Strong growth and solid results in a turbulent macroeconomic environment

Robust sales growth

High profit generation

+ 24%

283 mln

Lower volumes

U-EBIT, comparable to H1-21

Strong price realization

Some margin dilution due to cost

inflation pass-through effect

ROCE > 20%

Net debt leverage < 1

22.8%

0.88

Modest decrease in ROCE

Increased net debt

Remains above 20%

Leverage remains low

Results reflect focus of our actions

Higher resilience to economic cyclicality, thanks to:

  • Strong price realization
  • Excellent operational performance
  • Leveraging the benefits from our global footprint and local services & sourcing channels
  • Capturing short- to medium-term growth opportunities from sustainability and innovation trends

3

H1 2022 - Results

Strong growth and solid financial results in difficult macroeconomic environment

Consolidated Sales

u-EBITDA

u-EBIT

Net Debt

+24%

+1%

-1%

+154

m€

H1-21

H2-21

H1-22

H1-21

H2-21H1-22

H1-21

H2-21

H1-22

H1-21

YE-21H1-22

2 306m€

2 534m€

2 859m€

376m€

312m€

381m€

285m€

229m€

283m€

519m€

417m€

673m€

16.3%

12.3%

13.3%

12.4%

9.0%

9.9%

0.69

0.61

0.88

2 859 mln

381 mln

283 mln

0.88

EPS

+14%

H1-21H2-21H1-22

€3.66 €3.48 €4.16

  • 4.16

4

H1 2022 - Market Environment

Challenges and Opportunities within turbulent environment

Headwinds

  • Inflation across all input costs
  • Monetary policy
  • Energy shortage crisis
  • Shortage of materials, labor and logistics
  • Stringent Covid-19 lockdowns in China
  • Russia-Ukraine
  • Weakening economy

Tailwinds

  • Reverse globalization
  • Energy transition and independence
  • Sustainability trends and decarbonization
  • Electric Vehicles
  • Stimulus programs US (energy), China (infrastructure)

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Bekaert NV published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 12:37:08 UTC.