SAF Holland : Presentation Q3 2021 (1.2 MB)

FINANCIAL RESULTS 9M 2021

ALEXANDER GEIS, CEO

INKA KOLJONEN, CFO

NOVEMBER 15, 2021

AGENDA

1 HIGHLIGHTS 9M 2021

Alexander Geis

2 FINANCIAL PERFORMANCE

Inka Koljonen

3 OUTLOOK

Alexander Geis

4 APPENDIX

Financial Results 9M 2021< 2 >

1. Highlights 9M 2021

Financial Results 9M 2021< 3 >

HIGHLIGHTS 9M 2021: STRONG PERFORMANCE DESPITE MATERIAL COST HEADWINDS

Sales	Capex ratio
€ 925 MN	1.4%
(9M 2020: € 709 MN)	(9M 2020: 2.3%)

Adj. EBIT

margin

7.7%

(9M 2020: 5.4%)

					Operating
	NWC ratio		free cash flow*
15.5%		€ 9 MN
	(YE 2020: 11.9%)	(9M 2020: € 64 MN)
					* after income tax paid

• Sales: strong double digit percentage growth in all regions
• Very solid aftermarket performance
• Adj. EBIT margin: volume growth and mix effects compensate material cost and freight cost inflation
• Capex ratio: due to timing issues below FY guidance; acceleration expected for Q4
• NWC ratio: ongoing high level due to supply chain tightness
• Operating free cash flow: affected by strong growth and the required NWC build up

ONGOING STRONG ORDER INTAKE LEADS TO HIGH CAPACITY UTILISATION AT LEAST UNTIL SUMMER 2022

Financial Results 9M 2021< 4 >

GROUP: SUSTAINED POSITIVE SALES AND EARNINGS DEVELOPMENT

SALES (€ MN)

+ 30.5 %

925

709

YTD

SALES BY QUARTER (€ MN)

2020 2021

	283		286				323	232		317		251
		193
	Q1			Q2			Q3			Q4

MAIN DRIVERS

•	Sales strongly above 2020 level
	• Market share gains in EMEA
	• Americas stabilising at higher Q2 level
	• APAC driven by strong OE and AM business
•	Sales growth adjusted for FX effects: +33.9 per cent
•	Adjusted gross profit margin improved by 10 basis
	points despite higher material and freight costs
•	Adjusted SG&A sales ratio improved from 12.9 per

ADJ. EBIT MARGIN

7.7%

5.4%

YTD

ADJ. EBIT MARGIN BY QUARTER

	7.7%		7.8%				7.7%		8.1%
	6.5%						6.4%
				2.7%
	Q1	Q2	Q3			Q4

cent to 10.7 per cent due to economies of scale

• Restructuring costs substantially down

(9M 2021: € 1.7 mn vs. 9M 2020: € 11.7 mn)

STRONG PERFORMANCE SAFEGUARDS

FULL YEAR GUIDANCE

Financial Results 9M 2021< 5 >