Krones : Präsentation Conference Call First Half Year 2022

Krones First Half Year 2022

Conference Call August 02, 2022

Christoph Klenk, CEO

Norbert Broger, CFO

2 ｜KRONES Conference Call August 02, 2022

Despite continuing global challenges Krones had a very strong 1st half-year and confirms to achieve its full year targets 2022

Summary 1st HY 2022

After an absolutely all time high in Q1 2022 (€1.6 billion), order intake in Q2 at same level.

Customers' demand results in increased order intake in HY1 2022 by 52.0% to

€3.1 billion. The strong market development still continues.

Revenue growth in HY1 2022 by 15.4% to nearly €2 billion, which is 5% above pre Covid- 19 level of 2019.

Free cash flow with +€68 million again over previous year (+€35 million). ROCE increased from 8.3% to 11.8% in HY1 2022 and is in the upper range of the 2022 target (10% to 12%).

With price increases, which compensated the rising material costs plus performance optimizations EBITDA margin of 8.8% was strong above prior year margin of 8.0%. EBITDA margin is also in the upper range of the full year target (8% to 9%).

Despite various global challenges, Krones continues to confirm the full year targets for 2022, with a good chance to finalize all three target figures at the

upper part of the range.

With actual margin development Krones is fully in line to reach midterm profitability target of 10% to 13% by 2025 at the latest.

3 ｜KRONES Conference Call August 02, 2022

Krones highlights

Order intake		Revenue		EBITDA margin		Free cash flow
+52.0%		+15.4%		8.8%		+€68 million
€3.11 billion		€1.985 million		(PY 8.0%)		(PY +€35 million)

4 ｜KRONES Conference Call August 02, 2022

1st HY Order intake and orders on hand (€ million)

The uninterrupted high market strength result in a very strong order intake in 1st half-year 2022

 After several strong quarters and a

record in Q1 2022 the order intake

in Q2 2022 was again nearly at

€1.6 billion and results in 52%

3,307

-19.0%

1,006

4,316

+30.5%

1,124

Order intake

Orders on hand

3,106 +52.0%

growth yoy and €3.1 billion in 1st

HY 2022. The last price increases

do not slow down the strong

market development

 We expect a good order intake

Q4

Q3

844

1,148

975 1,893

1,553

3,015 +59.3%

situation also in Q3

 Further growing orders on hand at

30.06.2022 was 59% above the high

amount at year end 2021 (€1.9 billion;

+56%). Delivery times are > 60 weeks

Q2	616	1,211
Q1	841	-12.6%

+56.3%

1,069

1,554

at the moment

31.12.2020

31.12.2021

30.06.2022

5 ｜KRONES Conference Call August 02, 2022

Revenue development by quarter (€ million)

3,634

With actual revenue growth the expectations are at least at the upper range of the full year target

• Revenue was increased in 1st HY 2022 by 15.4% compared to prior year, with a growth in Q2 of 18% yoy
• Based on a strong 2nd HY 2021 (€1.9 billion) the growth rates for the further quarters will be lower
• Revenue was also above the
  pre Covid-19 level of 1st HY 2019 (+5.0%)

The limited factor for further growth in revenue are still the actual supply chain shortages.

3,323

-16.1%

874

Q4

750

Q3

757

Q2

942

Q1

+9.4%

991

9231,985

+15.4%

998

845

875987

2020

2021

2022