Q3 2023
November 8th, 2023
FACC AG - Confidential and/or Proprietary
Q3 2023 KEY TOPICS
FACC AG - Confidential and/or Proprietary
2 | 08.11.2023 |
HIGHLIGHTS Q3
- 22.5 percent revenue growth compared to the previous year; operating performance impacted by seasonal effects but in line with expectations
- Rate increases confirmed across the industry, but in a difficult environment
- Challenging supply chain performance requires extra efforts to fulfill customer obligations
- Recruitment (3,294 FTEs) progressing
- Significant airplane deals, most recently in widebody aircraft segment, benefiting FACC's firm order-backlog
- FACC Croatia extension groundbreaking executed and production readiness in Q2/2024
- Multi-yearMRO contract signed with Pratt & Whitney Canada Corp. for the overhaul of engine composites
FACC AG - Confidential and/or Proprietary
3 | 08.11.2023 |
DEVELOPMENT OF THE DIVISIONS
ALL BUSINESS SEGMENTS GROW IN LINE WITH THE MARKET [Q3 YTD]
200
AEROSTRUCTURES
[Revenue in million EUR]
180
ENGINES & NACELLES
[Revenue in million EUR]
240
INTERIORS
[Revenue in million EUR]
150
100
50
0
136
CAGR +27%
195
164
121
160
140
120
100
80
60
40
20
0
CAGR +10%
90 | 76 | 93 |
71 |
220
200
180
160
140
120
100
80
60
40
20
0
CAGR +18%
226
173 161 184
Confidential and/or Proprietary
2020 Q3 | 2021 Q3 | 2022 Q3 | 2023 Q3 |
2020 Q3 | 2021 Q3 | 2022 Q3 | 2023 Q3 |
2020 Q3 | 2021 Q3 | 2022 Q3 | 2023 Q3 |
FACC AG -
4 | 08.11.2023 |
DEMAND FOR AIRCRAFT
40.850 DELIVERIES BY 2042 - CAGR 2022-2042: +5,02% | |||||||||||||||||||||||
3.200 | Deliveries | 2.756 | 2.894 | 3.039 | 45.000 | ||||||||||||||||||
3.000 | Cumulative | 2.624 | 40.850 | ||||||||||||||||||||
40.000 | |||||||||||||||||||||||
2.800 | 2.499 | ||||||||||||||||||||||
2.600 | +5,0% | 2.265 | 2.379 | 35.000 | |||||||||||||||||||
2.157 | |||||||||||||||||||||||
2.400 | |||||||||||||||||||||||
2.054 | |||||||||||||||||||||||
2.200 | 1.862 | 1.956 | 30.000 | ||||||||||||||||||||
1.773 | |||||||||||||||||||||||
2.000 | 1.608 | 1.688 | |||||||||||||||||||||
1.800 | 1.388 | 1.458 | 1.531 | 25.000 | |||||||||||||||||||
1.600 | 1.258 | 1.322 | |||||||||||||||||||||
1.400 | 1.141 | 1.198 | 20.000 | Proprietary | |||||||||||||||||||
1.200 | |||||||||||||||||||||||
1.000 | 15.000 | ||||||||||||||||||||||
and/or | |||||||||||||||||||||||
800 | 10.000 | ||||||||||||||||||||||
600 | Confidential | ||||||||||||||||||||||
400 | 5.000 | ||||||||||||||||||||||
200 | - | ||||||||||||||||||||||
AG | |||||||||||||||||||||||
0 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 | 2042 | 0 | FACC |
ACT | Source: Airbus GMF | ||||||||||||||||||||||
Passenger aircraft with more than 100 seats and | |||||||||||||||||||||||
cargo aircraft with a payload of more than 10 tons. |
5 | 08.11.2023 |
MARKET OUTLOOK
INCREASE IN AIRCRAFT CONSTRUCTION RATES
100 % increase
A32F
Today
B787 | 150 % increase in construction rates |
(from the present to the end of 2027)
A350 | 60 % increase in construction rates |
(from the present to the end of 2027) | |
35 % increase in construction rates
(from the present to the end of 2026)
FACC AG - Confidential and/or Proprietary
6 | 08.11.2023 |
FACC CROATIAN PLANT EXTENSION
20 MILLION FACILITY EXTENSION LAUNCHED
- Plant for manufacturing high-tech components mainly for cabin interiors
- Site expansion by approx. 12,500 m2
- A new PV system in pipeline covering an area of 2,000 m2 will provide around two thirds of the annual energy consumption
- By 2026, the site in Croatia will grow to 600 employees
FACC AG - Confidential and/or Proprietary
7 | 08.11.2023 |
PRATT & WHITNEY CANADA CORP.
MULTI YEAR MRO CONTACT FOR ENGINE DUCT OVERHAUL SIGNED
- FACC is the only company in Austria to be certified according to the world's highest quality standard for maintenance companies (EN9110)
- Important milestone: evolving into a full component service provider in addition to the production of engine components
-
repairing and overhauling the Fan Cases for the PW800
Turbofan Engines
FACC AG - Confidential and/or Proprietary
8 | 08.11.2023 |
FINANCIALS
FACC AG - Confidential and/or Proprietary
9 | 08.11.2023 |
REVENUES AND EBIT
Are in line with management expectations
Revenues development | Reported EBIT development | |
in million EUR | in million EUR |
192,0 | 15,0 | ||||||||||||||||||||
187,4 | |||||||||||||||||||||
162,7 | 159,1 | ||||||||||||||||||||
149,4 | |||||||||||||||||||||
142,7 | |||||||||||||||||||||
127,5 | 3,0 | 3,1 | |||||||||||||||||||
1,3 | 0,0 | ||||||||||||||||||||
-1,9 | |||||||||||||||||||||
-10,0 | |||||||||||||||||||||
Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 |
FACC AG - Confidential and/or Proprietary
10 | 08.11.2023 |
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FACC AG published this content on 08 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 11:05:15 UTC.