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Biesse Investor Presentation 2022
4501_rns_2022-10-28_a851abb2-7e77-47ef-adea-542e8a4b25a7.pdf
Investor Presentation
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PHONE CONFERENCE CALL
EXTRACT OF THE P&L
| €/mln | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY 2020 | FY 2021 | 9 months 2021 |
9 months 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 519.1 | 618.5 | 690.1 | 740.2 | 705.9 | 578.8 | 742.2 | 527.0 | 613.4 |
| year -1 | +21.5% | +19.1% | +11.6% | +7.3% | -4.8% | -18.0% | +28.2% | +16.4% | |
| Labour & Overhead | 253 | 301 | 335 | 359 | 350 | 283.3 | 357.4 | 254.2 | 298.0 |
| % | 48.7% | 48.7% | 48.6% | 48.5% | 49.6% | 49.0% | 48.1% | 48.2% | 48.6% |
| EBITDA | 64.1 | 75.8 | 89.4 | 92.7 | 76.7 | 56.0 | 79.7 | 61.9 | 70.8 |
| % | 12.4% | 12.3% | 13.0% | 12.5% | 10.9% | 9.7% | 10.7% | 11.7% | 11.5% |
| NET RESULT (PROFIT) % |
21.1 4.1% |
29.5 4.8% |
42.7 6.2% |
43.8 5.9% |
13.0 1.8% |
2.5 0.4% |
34.2 4.6% |
35.4 6.7% |
24.8 4.0% |
SALES BREAKDOWN
SALES BY QUARTERS
169.0 175.2 166.9 194.8 147.7 109.0 139.7 182.4 161.4 192.7 172.9 215.2 196.6 222.5 194.3 IQ 2019 IIQ 2019 IIIQ 2019 IVQ 2019 IQ 2020 IIQ 2020 IIIQ 2020 IVQ 2020 IQ 2021 IIQ 2021 IIIQ 2021 IV 2021 IQ 2022 IIH 2022 IIIQ 2022
€/mln
EBITDA% & EBIT%
*before positive non recurring items
-56.2
OPERATING N.W.C.
-10
80
€/mln
90
O.N.W.C.
-17.7% IIIQ 2022 vs IIIQ 2021 GROUP ORDER INTAKE & BACKLOG
€/mln
278 323 302 313 376 443 508 597 619 517 455 733 77 90 82 78 116 141 164 215 225 197 212 378 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 order intake backlog 134.4 133.3 114 135 101 71.6 116.2 166.3 160 195 162.9 215.9 184 148.6 134 224 225 206 197 189 180 193 212 252 274 291 378 409 386 372 IQ 2019 IIQ 2019 IIIQ 2019 IVQ 2019 IQ 2020 IIQ 2020 IIIQ 2020 IVQ 2020 IQ 2021 IIQ 2021 IIIQ 2021 IV 2021 IQ 2022 IIQ 2022 IIIQ 2022 order intake backlog the Group order intake is: -9.9% 9 months 2022 vs 9 months 2021 the Group backlog is: +27.9% vs September 2021 -1.5% vs December 2021 -3.7% vs June 2022 direct incidence of Russia-Ukraine-Belarus orders is remaining <3.0%
machines only
| EMPLOYEES | FY2021 | IIIQ 2022 | % | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Production | 1.393 | 1.254 | -9,98% | ||||||||||||
| Service & After Sales | 992 451 |
997 | 0,50% | ||||||||||||
| DISTRIBUTION | R&D | 541 | 19,96% | ||||||||||||
| Sales & Marketing | 655 | 597 | -8,85% | ||||||||||||
| FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | IIIQ 2022 | G&A ITALY |
337 2.345 |
302 2.274 |
-10,39% -3,03% |
|
| ITALY | 1.646 | 1.547 | 1.605 | 1.78 | 2.009 | 2.176 | 2.483 | 2.418 | 2.383 | 2.345 | 2.274 | ||||
| % of total people OUTSIDE ITALY |
59% 1.136 |
57% 1.148 |
56% 1.276 |
56% 1.396 |
70% 1.609 |
57% 1.67 |
59% 1.744 |
62% 1.509 |
63% 1.38 |
61% 1.483 |
62% 1.417 |
OUTSIDE ITALY | 1.483 | 1.417 | -4,45% |
| % of total people | 41% | 43% | 44% | 44% | 44% | 43% | 41% | 38% | 36% | 39% | 38% | ||||
| TOTAL | 2.782 | 2.695 | 2.881 | 3.176 | 3.618 | 3.846 | 4.227 | 3.927 | 3763 | 3.828 | 3.691 | TOTAL | 3.828 | 3.691 | -3,58% |
| interim people at | total | the end of September | 4,232 | 2022: 541 | |||||||||||
EMPLOYEES DISTRIBUTION (without interim people)
| EMPLOYEES DISTRIBUTION |
(without interim people) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | IIIQ 2022 | |
| Production % of total people |
1,264 45% |
1,175 44% |
1,201 42% |
1,335 42% |
1,482 41% |
1,494 39% |
1,621 38% |
1,386 35% |
1,324 35% |
1,393 36% |
1,254 34% |
| Service & After sale |
574 | 613 | 628 | 690 | 803 | 894 | 1,001 | 992 | 962 | 992 | 997 |
| % of total people | 21% | 22% | 22% | 22% | 22% | 23% | 24% | 25% | 26% | 26% | 27% |
| R&D % of total people |
338 12% |
321 12% |
361 13% |
383 13% |
436 12% |
479 12,50% |
501 12% |
482 12% |
478 13% |
451 12% |
541 15% |
| Sales & Marketing |
364 | 351 | 439 | 495 | 587 | 641 | 715 | 685 | 637 | 655 | 597 |
| % of total people | 13% | 13% | 15% | 15% | 16% | 17% | 17% | 17% | 17% | 17% | 16% |
| G&A % of total people |
242 9% |
235 9% |
252 9% |
273 9% |
310 8,50% |
338 8,80% |
389 9% |
382 10% |
362 10% |
337 9% |
302 8% |
| ITALY | 1,646 | 1,547 | 1,605 | 1,78 | 2,009 | 2,176 | 2,483 | 2,418 | 2,383 | 2,345 | 2,274 |
| % of total people | 59% | 57% | 56% | 56% | 56% | 56% | 59% | 62% | 63% | 61% | 62% |
| OUTSIDE ITALY |
1,136 | 1,148 | 1,276 | 1,396 | 1,609 | 1,67 | 1,744 | 1,509 | 1,38 | 1,483 | 1,417 |
| % of total people | 41% | 43% | 44% | 44% | 44% | 44% | 41% | 38% | 37% | 39% | 38% |
| TOTAL | 2,782 | 2,695 | 2,881 | 3,176 | 3,618 | 3,846 | 4,227 | 3,927 | 3,763 | 3,828 | 3,691 |
DISCLAIMER
- This presentation has been prepared independently by Biesse S.p.A. and can be used only during meetings with investors and financial analysts. It's solely for information purposes and it may contain statements regarding future financial performances and Company's expectations
- Even if Biesse takes care that the information contained in the document have the requirements of reliability, correctness and newness, Biesse is not responsible for the content processed by third parties and content indicated in this Document. No liability is accepted by or on behalf of Biesse for any errors, omissions or inaccuracies contained in this presentation. Any forward looking statements are not guarantees of future performances and is related only of the date of this document. They Further information concerning the Group results, including factors that could materially affect the Company itself (i.e. IFRS) will be This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the No action should be taken or omitted based on the information contained in this Document. Biesse accepts no liability for the results of any action taken on the basis of the information contained in this Document. By attending any presentation you agree to be bound by the foregoing terms. The User is not granted any license or right of use and therefore is not allowed to record such content – in whole or in part- on any
- are based on the Group's current state of knowledge, future expectations and projections about the future events. By their nature they are subject to inherent risks and uncertainties.
- included and detailed in the Financial Statement of the Group.
- For further details on the Biesse S.p.A. reference should be made to publicly available information. including the Quarterly Reports, the Half Annual Report, the Annual Reports and the Three Years Business Plan.
- Any reference to past performance of the Biesse S.p.A. shall not be taken as an indication of future performance.
- basis of or be relied upon in connection with any contract or commitment whatsoever.
- type of media, reproduce, copy, publish and use them for any purpose without prior written permission.
Pesaro, October 28th – 5 p.m.
PHONE CONFERENCE CALL
EXTRACT OF THE P&L
| €/mln | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY 2020 | FY 2021 | 9 months 2021 |
9 months 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 519.1 | 618.5 | 690.1 | 740.2 | 705.9 | 578.8 | 742.2 | 527.0 | 613.4 |
| year -1 | +21.5% | +19.1% | +11.6% | +7.3% | -4.8% | -18.0% | +28.2% | +16.4% | |
| Labour & Overhead | 253 | 301 | 335 | 359 | 350 | 283.3 | 357.4 | 254.2 | 298.0 |
| % | 48.7% | 48.7% | 48.6% | 48.5% | 49.6% | 49.0% | 48.1% | 48.2% | 48.6% |
| EBITDA | 64.1 | 75.8 | 89.4 | 92.7 | 76.7 | 56.0 | 79.7 | 61.9 | 70.8 |
| % | 12.4% | 12.3% | 13.0% | 12.5% | 10.9% | 9.7% | 10.7% | 11.7% | 11.5% |
| NET RESULT (PROFIT) % |
21.1 4.1% |
29.5 4.8% |
42.7 6.2% |
43.8 5.9% |
13.0 1.8% |
2.5 0.4% |
34.2 4.6% |
35.4 6.7% |
24.8 4.0% |
SALES BREAKDOWN
SALES BY QUARTERS
169.0 175.2 166.9 194.8 147.7 109.0 139.7 182.4 161.4 192.7 172.9 215.2 196.6 222.5 194.3 IQ 2019 IIQ 2019 IIIQ 2019 IVQ 2019 IQ 2020 IIQ 2020 IIIQ 2020 IVQ 2020 IQ 2021 IIQ 2021 IIIQ 2021 IV 2021 IQ 2022 IIH 2022 IIIQ 2022
€/mln
EBITDA% & EBIT%
*before positive non recurring items
-56.2
OPERATING N.W.C.
-10
80
€/mln
90
O.N.W.C.
-17.7% IIIQ 2022 vs IIIQ 2021 GROUP ORDER INTAKE & BACKLOG
€/mln
278 323 302 313 376 443 508 597 619 517 455 733 77 90 82 78 116 141 164 215 225 197 212 378 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 order intake backlog 134.4 133.3 114 135 101 71.6 116.2 166.3 160 195 162.9 215.9 184 148.6 134 224 225 206 197 189 180 193 212 252 274 291 378 409 386 372 IQ 2019 IIQ 2019 IIIQ 2019 IVQ 2019 IQ 2020 IIQ 2020 IIIQ 2020 IVQ 2020 IQ 2021 IIQ 2021 IIIQ 2021 IV 2021 IQ 2022 IIQ 2022 IIIQ 2022 order intake backlog the Group order intake is: -9.9% 9 months 2022 vs 9 months 2021 the Group backlog is: +27.9% vs September 2021 -1.5% vs December 2021 -3.7% vs June 2022 direct incidence of Russia-Ukraine-Belarus orders is remaining <3.0%
machines only
| EMPLOYEES | FY2021 | IIIQ 2022 | % | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Production | 1.393 | 1.254 | -9,98% | ||||||||||||
| Service & After Sales | 992 451 |
997 | 0,50% | ||||||||||||
| DISTRIBUTION | R&D | 541 | 19,96% | ||||||||||||
| Sales & Marketing | 655 | 597 | -8,85% | ||||||||||||
| FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | IIIQ 2022 | G&A ITALY |
337 2.345 |
302 2.274 |
-10,39% -3,03% |
|
| ITALY | 1.646 | 1.547 | 1.605 | 1.78 | 2.009 | 2.176 | 2.483 | 2.418 | 2.383 | 2.345 | 2.274 | ||||
| % of total people OUTSIDE ITALY |
59% 1.136 |
57% 1.148 |
56% 1.276 |
56% 1.396 |
70% 1.609 |
57% 1.67 |
59% 1.744 |
62% 1.509 |
63% 1.38 |
61% 1.483 |
62% 1.417 |
OUTSIDE ITALY | 1.483 | 1.417 | -4,45% |
| % of total people | 41% | 43% | 44% | 44% | 44% | 43% | 41% | 38% | 36% | 39% | 38% | ||||
| TOTAL | 2.782 | 2.695 | 2.881 | 3.176 | 3.618 | 3.846 | 4.227 | 3.927 | 3763 | 3.828 | 3.691 | TOTAL | 3.828 | 3.691 | -3,58% |
| interim people at | total | the end of September | 4,232 | 2022: 541 | |||||||||||
EMPLOYEES DISTRIBUTION (without interim people)
| EMPLOYEES DISTRIBUTION |
(without interim people) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | IIIQ 2022 | |
| Production % of total people |
1,264 45% |
1,175 44% |
1,201 42% |
1,335 42% |
1,482 41% |
1,494 39% |
1,621 38% |
1,386 35% |
1,324 35% |
1,393 36% |
1,254 34% |
| Service & After sale |
574 | 613 | 628 | 690 | 803 | 894 | 1,001 | 992 | 962 | 992 | 997 |
| % of total people | 21% | 22% | 22% | 22% | 22% | 23% | 24% | 25% | 26% | 26% | 27% |
| R&D % of total people |
338 12% |
321 12% |
361 13% |
383 13% |
436 12% |
479 12,50% |
501 12% |
482 12% |
478 13% |
451 12% |
541 15% |
| Sales & Marketing |
364 | 351 | 439 | 495 | 587 | 641 | 715 | 685 | 637 | 655 | 597 |
| % of total people | 13% | 13% | 15% | 15% | 16% | 17% | 17% | 17% | 17% | 17% | 16% |
| G&A % of total people |
242 9% |
235 9% |
252 9% |
273 9% |
310 8,50% |
338 8,80% |
389 9% |
382 10% |
362 10% |
337 9% |
302 8% |
| ITALY | 1,646 | 1,547 | 1,605 | 1,78 | 2,009 | 2,176 | 2,483 | 2,418 | 2,383 | 2,345 | 2,274 |
| % of total people | 59% | 57% | 56% | 56% | 56% | 56% | 59% | 62% | 63% | 61% | 62% |
| OUTSIDE ITALY |
1,136 | 1,148 | 1,276 | 1,396 | 1,609 | 1,67 | 1,744 | 1,509 | 1,38 | 1,483 | 1,417 |
| % of total people | 41% | 43% | 44% | 44% | 44% | 44% | 41% | 38% | 37% | 39% | 38% |
| TOTAL | 2,782 | 2,695 | 2,881 | 3,176 | 3,618 | 3,846 | 4,227 | 3,927 | 3,763 | 3,828 | 3,691 |
DISCLAIMER
- This presentation has been prepared independently by Biesse S.p.A. and can be used only during meetings with investors and financial analysts. It's solely for information purposes and it may contain statements regarding future financial performances and Company's expectations
- Even if Biesse takes care that the information contained in the document have the requirements of reliability, correctness and newness, Biesse is not responsible for the content processed by third parties and content indicated in this Document. No liability is accepted by or on behalf of Biesse for any errors, omissions or inaccuracies contained in this presentation. Any forward looking statements are not guarantees of future performances and is related only of the date of this document. They Further information concerning the Group results, including factors that could materially affect the Company itself (i.e. IFRS) will be This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the No action should be taken or omitted based on the information contained in this Document. Biesse accepts no liability for the results of any action taken on the basis of the information contained in this Document. By attending any presentation you agree to be bound by the foregoing terms. The User is not granted any license or right of use and therefore is not allowed to record such content – in whole or in part- on any
- are based on the Group's current state of knowledge, future expectations and projections about the future events. By their nature they are subject to inherent risks and uncertainties.
- included and detailed in the Financial Statement of the Group.
- For further details on the Biesse S.p.A. reference should be made to publicly available information. including the Quarterly Reports, the Half Annual Report, the Annual Reports and the Three Years Business Plan.
- Any reference to past performance of the Biesse S.p.A. shall not be taken as an indication of future performance.
- basis of or be relied upon in connection with any contract or commitment whatsoever.
- type of media, reproduce, copy, publish and use them for any purpose without prior written permission.