SAF Holland : Presentation Q3 2022 (899 KB)

CONFERENCE CALL PRESENTATION

SAF-HOLLAND SE Q3 2022

NOVEMBER 10, 2022

Q3 2022 Highlights

Q3 2022 Call Presentation

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Q3 2022 Highlights

		Strong sales increase y-o-y in all regions mainly driven by disproportionately high
	Trading Review
	growth in the Americas and APAC region

		Price increases and efficiency step-ups prove effective in compensating for input cost
	Inflation Mitigation
	inflation

		In spite of strong OE growth, the AM managed to keep pace featuring a 27.7% share in
	Aftermarket Strength
	Group sales

		Expected imminent completion. On track to create a stronger, more resilient business
	Pending Haldex
	Merger	model, enhanced customer offering and enhanced earnings profile

Guidance

Group sales now expected to come in around the upper end of the range of EUR 1.4 to 1.5 billion. Adjusted EBIT margin projection unchanged between 7.0% to 8.0%

Q3 2022 Call Presentation

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Strong execution despite challenging economic environment

Q3 YoY Sales growth

EMEA+8.9%

Americas +53.3%

APAC+48.8%

* Pre-acquisition /pre-acquisition of HLDX shares

Sales	EPS
€ 402 MN	€ 0.36
(9M 2022: € 1,176 MN)	(Q3 2021: € 0.32)

Adj. EBIT

Margin

9.1%

NWC ratio	Net Operating FCF*

15.9%	€ 48.8 MN
(06/30/2022: 17.4%)	(9M 2022: € 57.5 MN)

Q3 2022 Call Presentation

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Group YTD and Q3 2022 - Sustained sales growth across all regions

Sales

(in EUR million)

+ 27.1%

• 9M 2022 sales up 27.1%; Adjusted for FX and M&A effects +19.5%
• Disproportionately high sales growth in the Americas region amended by FX gains
• Coinciding solid aftermarket growth in all regions

924.8

1,175.6

YTD

Sales by Quarter		403,5	402,4			2021	• Upbeat sales trend characterised by catch-up effects
369,7			2022
(in EUR million)
					and market share gains despite difficult underlying
	285,6	322,5	316,6	321,8
						market conditions
							• Q3 2022 sales up 27.1% featuring organic sales growth
							rate of 16.1%
							• All regions and customer segments posting sales
							growth
							• Robust aftermarket business based upon consistently
	Q1	Q2	Q3	Q4
	increasing addressable product basis
							Q3 2022 Call Presentation	< 5 >