BEKAERT NV Bekaert Investor
Presentation
November 2022
Introduction to Bekaert
Global technology and market leader in steel wire transformation and coating technologies - and beyond
GLOBAL | STRONG | BALANCED |
LEADERSHIP | EXECUTION | STRATEGY |
Global technology and market leader in | Consistent growth across key | Net debt to underlying EBITDA has |
steel wire transformation and unique | performance metrics since 2018 | been reduced from 2.7 in 2018 to 0.6 |
coating technologies | Rapid recovery well above pre- | in 2021 |
27 000 employees providing solutions | pandemic levels as strategic plan is | ROCE tripled in the past three years - |
to customers in 130 countries | implemented | EPS 2021 was the tenfold of 2019 |
Focus on innovative and sustainable | Well-positioned to grow into adjacent | Dividend increased by 50% YoY and |
solutions in target sectors | markets and evolve with the needs of | share buyback of up to €120 million in |
our customers | process | |
Investor presentation - Bekaert | 2 |
FY 2021 Results | |||||||
2019 | 2020 | 2021 | |||||
Record sales and EPS - solid margin | |||||||
New leadership | Value Creation Agenda: | Creativity beyond steel | |||||
growth - lowest leverage to date | |||||||
Balance sheet improvement | Perform, Transform and Grow | ||||||
Consolidated Sales | u-EBIT% | u-ROCE | EPS | Net Debt | ||||
+12% | +5 | +14.2 | x10 | -560 | ||||
ppt | ppt | m€ | ||||||
+28% | +3.4ppt | +11.5ppt | x3 | € -187m |
2019 | 2020 | 2021 | 2019 | 2020 | 2021 | 2019 | 2020 | 2021 | 2019 | 2020 | 2021 | 2019 | 2020 | 2021 |
4 322m€ | 3 772m€ | 4 840m€ | 5.6% | 7.2% | 10.6% | 9.5% | 12.2% | 23.7% | €0.73 | €2.38 | €7.14 | 977m€ | 604m€ | 417m€ |
€ 4 840m | 10.6% | 23.7% | € 7.14 | 0.61 |
Investor presentation - Bekaert | 3 |
Global Presence
Consolidated sales of € 2.9 billion in H1 2022
FY 2021: € 4.8 billion consolidated and € 5.9 billion combined
Close to our local customers
Production plants (subsidiaries + JVs)
Offices and Distribution centers
Technology Centers
2022 H1 Consolidated sales by region
39% | 25% | 18% | 18% |
EMEA | APAC | NAM | LATAM |
2022 H1 Consolidated sales by industry
41% | Tire & Automotive |
24% | Construction & Infrastructure |
10% | |
Basic materials | |
8% | |
Energy & utilities | |
8% | |
Agriculture | |
7% | |
Equipment | |
3% | |
Consumer goods | |
Investor presentation - Bekaert
4
Four Business Units
Consolidated sales by business unit (FY 2021: € 4.8 billion)
Rubber | Steel Wire | Specialty | Bridon-Bekaert | |||||
Reinforcement | Solutions | Businesses | Ropes Group | |||||
(RR) | (SWS) | (SB) | (BBRG) | |||||
5% | 8% | 5% | 5% 1% | 8% 2% | |||||||
7% | |||||||||||
9% | 31% | 13% | 14% | 30% | |||||||
€ 2.1Bn | € 0.5Bn | € 0.5Bn | |||||||||
€ 1.8Bn | |||||||||||
13% | 17% | ||||||||||
74% | 29% | ||||||||||
95% | |||||||||||
17% | 17% | ||||||||||
Construction | Agriculture | Consumer Goods | Tire & Automotive | Energy & Utilities | Basic Materials | Equipment | Other | ||||
'18-'21 | 9.1 8.7 | 11.8 | 11.3 | 12.2 | 11.4 14.7 | 7.9 | 9.3 | ||||
EBIT-U | 8.8 | 3.7 | 3.4 | 7.0 | 6.0 | 2.4 | |||||
% | |||||||||||
-1.5 | |||||||||||
Investor presentation - Bekaert | 5 |
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Disclaimer
Bekaert NV published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 11:55:09 UTC.
