Greg Poux-Guillaume, CEO | Jill Lee, CFO | April 29, 2021
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This presentation may contain forward-looking statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and uncertainties. These forward-looking statements are subject to change based on known or unknown risks and various other factors, which could cause the actual results or performance to differ materially from the statements made herein.
Q1 2021 order intake
Q1 2021 highlights
Orders: Q1 above expectations at 874m
Sequentially +9.2% (+7.1% org.1) vs. Q4 '20 (trough in Q3 '20)
YoY -9.6%(-12.1% organic) vs. record (highest in 5 years!) Q1 2020
March highest order month in over a year
Pumps: +2.0% org. QoQ, Water largest segment (40% of orders)
Operational Profit, Profitability and FCF significantly above last year, for all 4 divisions
All announced cost measures ahead of schedule
1. QoQ: Q1 2021 compared to Q4 2020, org. QoQ: adjusted for acquisition impact
Pumps Equipment
Water largest segment with 40% of division orders
Order intake (in CHF millions)
Q1 21
Q1 20
YOY
adj.1
org.2
302
382
-21.0%
-19.2%
-23.4%
Quarterly order intake (in CHF millions)3
400
+8.2%
350
300
250
200
150
100
50
-
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Water
Industry
Energy
Q1 2021 order intake
Highlights
Orders +2.0% org. QoQ4 (+8.2% incl. Nordic Water) in line with expectations. Acceleration expected in H2
Order mix: Water 40%, Industry 30%, Energy 30%
Water up 5% org. QoQ (+22% incl. Nordic Water)
Industry -1% org. QoQ
Energy up 2% org. QoQ, GM% successfully defended through cost actions and selectivity. Primed for rebound
Restructuring progressing well = improving profit margin
Adjusted for currency effects
Organic: adjusted for currency and acquisition effects
in current FX
QoQ: Q1 2021 compared to Q4 2020, org. QoQ: adjusted for acquisition impact
Rotating Equipment Services
Pick up in H1 to accelerate in H2
Order intake (in CHF millions)
Q1 21
Q1 20
YOY
adj.1
org.2
275
332
-17.0%
-13.4%
-13.4%
Quarterly order intake (in CHF millions)3
350
+10.4%
300
250
200
150
100
50
-
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
EMEA AME APAC
Q1 2021 order intake
Highlights
Orders up 10.4% org. QoQ4 despite continued customer site access restrictions and winter storm Uri in the US
H1 expected above H2 '20 on maintenance services
Growth acceleration expected in H2 '21 as customers start to consider longer term investments (upgrades, retrofits)
Adjusted for currency effects
Organic: adjusted for currency and acquisition effects
in current FX
QoQ: Q1 2021 compared to Q4 2020, org. QoQ: adjusted for acquisition impact
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Sulzer AG published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 07:16:04 UTC.
Sulzer AG is a Switzerland-based company engaged in pumping solutions and rotating equipment maintenance, as well as separation, reaction and mixing technology for the oil and gas, power generation and wastewater treatment industries. The Company operates four business divisions: the Pumps Equipment division offers a wide range of pumping solutions and related equipment, including centrifugal pumps and agitators for the oil and gas industry, among others; the Rotating Equipment Services division offers repair and maintenance services for industrial gas and steam turbines, turbocompressors, generators, motors and pumps; the Chemtech division offers products and services for separation, reaction, liquid application and mixing technology, and the Applicator Systems division offers dispenser systems and liquid application systems for the dental, healthcare and beauty markets, among others. The Company operates numerous subsidiaries.
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