Financial Statement Press Conference
January 31, 2022
Introduction
FINANCIAL STATEMENT PRESS CONFERENCE FY 2022 Our FY21 figures are only limited comparability
FINANCIAL STATEMENT PRESS CONFERENCE FY 2022 Group structure as of September 30, 2021
FY2021 results
Sales and profitability developed as planned
− The 32.0 percent decline in sales was mainly due to the shortened reporting period and the sale of subsidiaries.
- − With sales of €105.3 million, the sales guidance of €100 to €105 million was achieved at the upper end of the range.
- − With an EBIT margin of 2.7 percent, operating profitability reached the guidance target range of 2.0 to 4.0 percent.
www.first-sensor.com | 6
Shorter reporting period & sale of subsidiaries cause sales decline
Sales by target market in € million
DACH region and Europe still most important sales regions
Sales by region in percent
DACH Rest of Europe Asia North America Rest of World
- − In the new Group structure, Asia gets more important
- − Sales in North America is affected by the sales of subsidiaries
| Sales regionin € Mio. |
Jan. 1 to Dec. 31, 2020 |
Jan. 1 to Sept. 30, 2021 |
in % |
| DACH* |
79.5 |
55.8 |
-29,8 |
Rest of
Europe |
32. 6 |
22.4 |
-31,1 |
| North America |
15. 6 |
5.7 |
-63,5 |
| Asia |
26.01 |
20.0 |
-23,2 |
Rest of
World |
1.1 |
1.3 |
23,3 |
| Total |
154.8 |
105.3 |
-32,0 |
KEY FIGURES SHORT FISCAL YEAR 2021 Pressure and Photonics products still dominated our portfolio
55.8% 12.0% 32.3% 53.5% 14.8% 31.9% FY 2020 FY 2021
| In € Mio. |
Jan. 1 to Dec. 31, 2020 |
Jan. 1 to Sept. 30, 2021 |
| Pressure |
86.3 |
55.9 |
Advanced
Electronics |
18.5 |
15.4 |
| Photonics |
49.9 |
33.2 |
Pressure Advanced Electronics Photonics
Sales by product groups in percent
KEY FIGURES SHORT FISCAL YEAR 2021 Book-to-bill ratio of 1.14 indicates good outlook for the new fiscal year
- − Incoming orders decreased by 22.2% to €119.6 million. Orders on hand amounted 5.3% lower than the end of the previous year (€90.5 million).
- − The decline in the total numbers of Incoming Orders and Orders on hand is a result of the change in the Group structure.
Changes in the Group structure affect the consolidated balance sheet
In € million
Assets
Current liabilities
Trade accounts
Non-current liabilities
Non-current financial liabilities
Equity
payable
- − Non-current assets decreased by €6.8 million. This decline results from the disposal of a subsidiary.
- − Total current assets increased significantly from €101.0 million to €117.3 million. Major changes related the cash pool receivables (under financial assets), which rose from €49.4 million to €67.4 million as a result of the disposal.
Liabilities
− Current liabilities rose significantly to €47.4 million (PY: €18.3 million), mainly as a result of the profit transfer to TE Connectivity and in conjunction with other current liabilities relating to the closure of the Puchheim location.
KEY FIGURES SHORT FISCAL YEAR 2021 Guidance for FY 2021 was met
|
Jan. 1 to Dec. 31, 2020 |
Guidance I
Jan. 1 to Dec. 31. 2021 |
Guidance II
Jan. 1 to Sept. 30, 2021 |
Jan. 1 to
Sept. 30, 2021 |
| Sales in € million |
154.8 |
135 to
145 |
100 to
105 |
105.3 |
Adjusted
EBIT margin
in % |
6.1 |
2.0 to
4.0 |
2.0 to
4.0 |
2.7 |
- − Guidance I, published on March 20, 2020: Consolidated sales of between €135 million and €145 million and an operating EBIT margin of between 2.0% and 4.0% were expected.
- − The financial year was changed on the basis of a resolution by the Annual General Meeting and the disposal of another subsidiary was announced in the third quarter.
- − Guidance II was published with the half-year report on August 26, 2021: Sales of between €100 and €105 million were forecast for the 2021 short financial year. Adjusted EBIT margin should remain unchanged at between 2.0% and 4.0%.
OUTLOOK FISCAL YEAR 2022
FINANCIAL STATEMENT PRESS CONFERENCE FY 2022 Group structure current fiscal year
Berlin-Oberschoeneweide (FSO)
- − Development of the site into a TE Sensors wafer competence center by June 2022
- − incl. migration of a wafer line and a PT line from the closed TEproduction site in Dortmund
Dresden-Klotzsche (FSP)
- − Design and connection technology of electronic microsystems
- − Customer-specific miniaturization of optical sensors and MEMS pressure sensors
Berlin-Weißensee (FSW) − Focus on packaging technologies (packaging of electronic microsystems for pressure sensors, flow sensors and optical sensors) − Takeover of the pressure sales of FSM site Ulm (FSL) − Focus on packaging technologies for actuators (incl. emitters) − Specialist for hybrid circuits, electronic modules and power electronics − Takeover of the distribution sales of FSM site
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4
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3
OUTLOOK FISCAL YEAR 2022
Focus on leveraging growth potential from integration into TE Group
THANK YOU
Financial Statement Press Conference January 31, 2022
First Sensor AG https://www.first-sensor.com/de/investorrelations/results-center/