Interroll : Annual Report 2022

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ANNUAL REPORT 2022

1. MILLION SALES

1. MILLION
   EBIT

1. MILLION
   OPERATING CASH FLOW

KEY FIGURES

in CHF millions, unless stated otherwise	2022	2021	2020	2019	2018
Order intake/sales
Total order intake	572.6	788.4	547.8	546.5	592.6
Rollers	126.5	134.6	106	110.1	108
Drives	211.8	191.6	156.5	172.4	170.9
Conveyors & Sorters	263.5	254	221.5	223.2	220.5
Pallet Handling	62.6	59.8	46.6	54	60.5
Total sales	664.4	640.1	530.6	559.7	559.9
Profitability
EBITDA	129.3	122.5	115.4	96.1	93.2
in % of sales	19.5	19.1	21.7	17.1	16.6
EBIT	105.2	99.3	94.1	72.3	69.4
in % of sales	15.8	15.5	17.7	12.9	12.4
Result	82.8	80.6	71.7	56	51.8
in % of sales	12.5	12.6	13.5	10	9.3
Cash flow
Operating cash flow	71.4	47.3	122.9	99.6	67.4
in % of sales	10.7	7.4	23.2	17.8	12
Free cash flow	49.2	-0.8	74	66.9	40.9
in % of sales	7.4	-0.1	13.9	12	7.3
Total investments	32.5	51.1	51.3	33.6	28.6
Balance sheet (as at 31.12.)
Total assets	545.9	538.5	468.8	435.1	417.6
Goodwill	16.4	16.7	16.4	17.1	17.3
Net financial assets	70.8	46.1	92.2	76.9	52
Equity	394.2	345.4	312	304	284.8
Equity ratio (equity in % of total assets)	72.2	64.1	66.5	69.9	68.2
Return on equity yield (in %)	22.4	24.5	23.3	19	19
Other key figures
RONA (return on net assets in %)	24.5	25.4	30.4	22.6	20.9
Average number of employees (FTE)	2,500	2,421	2,206	2,284	2,198
Sales per employee (in CHF thousands)	266	264	241	245	255
Productivity (added value / total personnel expenses)	2.22	2.19	2.3	2.09	2.17

Interroll uses alternative performance figures. These alternative performance figures can be found on the Interroll­ homepage under "Investor Relations" (www.interroll.com).

ABOUT INTERROLL

The Interroll Group is the leading global provider of material-handling solutions. The company was founded in 1959 and has been listed on the SIX Swiss Exchange since 1997. Interroll provides system integrators and OEMs with a wide range of platform-based products and services in these categories: Rollers (conveyor rollers), Drives (motors and drives for conveyor systems), Conveyors & Sorters as well as Pallet Handling (flow storage systems). Interroll products and solutions are used in express and postal services, e-commerce, airports, the food & beverage industry, fashion, automotive sectors and many other manufacturing industries. Among the end users are leading brands such as Amazon, Bosch, Coca-Cola, DHL, Nestlé, Procter & Gamble, Siemens, Walmart and Zalando. Headquartered in Switzerland, Interroll has a global network of 35 companies with sales of CHF 664.4 million and around 2,500 employees (average number of employees in 2022).

www.interroll.com

28,000	35	2,500
CUSTOMERS	COMPANIES	EMPLOYEES
AROUND	AROUND	AROUND
THE WORLD	THE WORLD	THE WORLD

INTERROLL PRODUCT GROUPS

ROLLERS

DRIVES

CONVEYORS & SORTERS

PALLET HANDLING

CONTENT

BUSINESS REPORT	2
ANNUAL REVIEW	2
REPORT BY THE BOARD
OF DIRECTORS AND GROUP
MANAGEMENT	4
FINANCIAL POSITION,
EARNINGS AND CASH FLOWS	8

CORPORATE GOVERNANCE	11
INTRODUCTION	12
GROUP STRUCTURE AND
SHAREHOLDERS	12
CAPITAL STRUCTURE	12
OPERATIONAL MANAGEMENT
STRUCTURE	13
BOARD OF DIRECTORS	16
GROUP MANAGEMENT	20
REMUNERATION, PARTICIPATIONS
AND LOANS	22
SHAREHOLDERS' PARTICIPATION
RIGHTS	22
CHANGE IN CONTROL AND
DEFENCE MEASURES	23
AUDITOR	23
INFORMATION POLICY	23
QUIET PERIODS	24

REMUNERATION REPORT	25
BASIC PRINCIPLES OF
REMUNERATION	26
REMUNERATION OF THE
BOARD OF DIRECTORS	27
REMUNERATION OF
GROUP MANAGEMENT	29
REPORT OF THE STATUTORY
AUDITOR	34

FINANCIAL REPORT	37
CONSOLIDATED FINANCIAL
STATEMENTS OF
THE INTERROLL GROUP	38
BALANCE SHEET	38
INCOME STATEMENT	39
STATEMENT OF
COMPREHENSIVE INCOME	40
STATEMENT OF CASH FLOWS	41
STATEMENT OF CHANGES
IN EQUITY	42
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS	43
REPORT OF THE STATUTORY
AUDITOR	83
FINANCIAL STATEMENTS
OF INTERROLL HOLDING AG	88
BALANCE SHEET	88
INCOME STATEMENT	89
STATEMENT OF CHANGES
IN EQUITY	89
NOTES TO THE FINANCIAL
STATEMENTS	90
REPORT OF THE STATUTORY
AUDITOR	95