AI Terminal
technotrans SE
Investor Presentation • Nov 23, 2024
431_ip_2024-11-23_586300c8-3d6a-42c4-b0a4-f1af5df09b20.pdf
Investor Presentation
Open in ViewerOpens in native device viewer
Webcast
3rd quarter 2024
Michael Finger | CEO
Natascha Sander | CFO (interim)
POWER TO TRANSFORM -
STRATEGY INTO RESULTS
Sassenberg, November 19, 2024
Power to transform
Overview
Focus markets
Financials
Strategy \& Outlook
Overview 9 months 2024
Power to transform
Overview
Focus markets
Financials
Strategy \& Outlook
Focus on growth
Initial effects following drupa begin to compensate for economic impact on business development
Ravenue 9 m 2024
58.8 million $€$
- 148
PLASTICS
Successful acquisition: exclusive supply of energy-efficient compact temperature control units for battery production | new cooperation with enesty opens up further future potential
LASER
Sales development continues to be heavily impacted by the economy
HEALTHCARE \& ANALYTICS
Customer inventory reduction in the wake of the Covid pandemic has ended | Call-off behavior back to pre covid levels | New laboratory cooling system started into series production
ENERGY MANAGEMENT
Strong sales growth continues Significant progress made in the Rail, Road and Data Center segment in intensifying the business relationship with major customers and new big orders
25.8 million $€$
Focus on growth
SALES SUCCESSES
Temperature control technology for foaming processes in battery production
- Order volume in the mid-single-digit million range with a term until the end of 2025
- Temperature control technology for battery production of a German car manufacturer
- Framework agreement: technotrans is sole supplier
Order volume:
Mid single-digit million euro range
Strategic partnership with enesty
- symbiosis of technology leaders
- Close collaboration in sales, including marketing of partner products and customer referrals
- Optimal technology complement for tailormade thermal management systems in plastics processing
- technotrans will now rely on the water distribution systems of German market leader enesty GmbH , while enesty will incorporate technotrans' temperature control units and cooling systems into its orcinus brand
Strengthening market presence
Focus on growth
PRINT
Initial effects following drupa begin to compensate for economic impact on business development
PLASTICS
Successful acquisition: exclusive supply of energy-efficient compact temperature control units for battery production | new cooperation with enesty opens up further future potential
LASER
Sales development continues to be heavily impacted by the economy
HEAUTHCARE \& ANALYTICS
Customer inventory reduction in the wake of the Covid pandemic has ended | Call-off behavior back to pre covid levels | New laboratory cooling system started into series production
ENERGY MANAGEMENT
Strong sales growth continues Significant progress made in the Rail, Road and Data Center segment in intensifying the business relationship with major customers and new big orders
H. 2024 58.8 million $€$
$10.8 \mathrm{million} €$
Focus on growth
Initial effects following drupa begin to compensate for economic impact on business development
PLASTICS
Successful acquisition: exclusive supply of energy-efficient compact temperature control units for battery production | new cooperation with enesty opens up further future potential
LASER
Sales development continues to be heavily impacted by the economy
HEALTHCARE \& ANALYTICS
Customer inventory reduction in the wake of the Covid pandemic has ended | Call-off behavior back to pre covid levels | New laboratory cooling system started into series production
Ravenue 9 m 2024
10.8 million $€$
$-11 \%$
ENERGY MANAGEMENT
Strong sales growth continues Significant progress made in the Rail, Road and Data Center segment in intensifying the business relationship with major customers and new big orders
Ravenue 9 m 2024
25.8 million $€$
New Laboratoy cooling system
- Doubling of cooling capacity from 1,700 to 3,400 Watts based on a modular twin concept
- Environmentally friendly due to propane as a refrigerant
- No logistical restrictions
- First business is won
- Serial production has started in October
Focus on growth
PRINT
Initial effects following drupa begin to compensate for economic impact on business development
PLASTICS
Successful acquisition: exclusive supply of energy-efficient compact temperature control units for battery production | new cooperation with enesty opens up further future potential
LASER
Sales development continues to be heavily impacted by the economy
HEALTHCARE \& ANALYTICS
Customer inventory reduction in the wake of the Covid pandemic has ended | Call-off behavior back to pre covid levels | New laboratory cooling system started into series production
ENERGY MANAGEMENT
Strong sales growth continues Significant progress made in the Rail, Road and Data Center segment in intensifying the business relationship with major customers and new big orders
Revenue 9 m 2024
25.8 million $€$
$+27 \%$
Rail network
electrification
- technotrans supplies efficient inverter cooling for railway tracks
- International Projects: Stationary cooling systems for static frequency converters for AC railway power supply
- Collaboration has been ongoing for over ten years
- systems for various domestic locations, and further joint projects are already being implemented - including in Germany, Australia, Norway and the USA.
Order volume:
Mid single-digit million euro range
Series production of battery cooling systems for e-buses
- Follow-up order in the high single-digit million-euro range, seamless continuation of initial order, with delivery from November 2024
- Battery thermal management systems (BTMS) for e-bus series
- Continued growth in the Energy Management focus market, expansion of BTMS series production
Order volume:
High single-digit million euro range
HIGHLIGHTS
Liquid cooling for Datacenter
- Further expansion of the business relationship with a major customer
- Acquisition of a framework order for series production
Power to transform
Overview
Focus markets
Financials
Strategy \& Outlook
Revenue and EBIT Group
Segment Technology
Segment Services
ROCE and free cash flow
- Group achieved a ROCE of $10.8 \%$ (previous year: $12.3 \%$ )
- The adjusted ROCE* amounts to $12.0 \%$
- The free cash flow is burdened by the weak earnings performance
- The rolling EBIT was adjusted for the temporary one-off effects.
Earnings performance
Gross margin (\%)| Gross profit (m €)
EBITDA (m €)
Profit for the period (m €) Earnings per share (€)
- Improvement in gross margin through advantageous product mix and increased efficiency
- Decline in revenue and restructuring costs impact EBITDA and profit for the period
Net assets
- Equity ratio at a high level of $58.3 \%$
- Debt remains in the investment grade range
- Increase in net debt / EBITDA ratio due to earnings performance
Power to transform
Overview
Focus markets
Financials
Strategy \& Outlook
STRATEGY
Efficiency program ttSprint
- ttSprint is implemented as planned
- All milestones achieved to date
- Transformation into a market-oriented organization nearing successful completion
- First effects are already visible in the results
Future Ready 2025!
ttSprint: Significant increase in earnings in 2025
- All projects are on track and developing the planned increases in earnings | full-year effects to be realized in 2025
- Additional earnings contributions from 2025 cost savings already identified
- Realignment into a market-oriented decentralized organization is going according to plan
- Approx. 1.3 million € in restructuring expenses included in 9M 2024 | Expectation for full year 2024: approx. 2 million €
OVERVIEW
Summary
- Solid performance despite expected one-time costs of $€ 2$ million in 2024 ( $€ 1.3$ million as of Q3)
- Guidance 2025 adjusted due to economic situation
- Cost structure massively adjusted through efficiency program ttSprint
- New organizational structure promotes market proximity and "entrepreneurs in the company"
- We have the right markets, products and technologies
- Strategically important \& sustainable orders won for the future
- Successful entry into liquid cooling for data centers
Investor Relations
Frank Dernesch
Manager Investor Relations \& Corporate Finance
Tel. +49 (0)2583 301-1868
Fax +49 (0)2583 301-1054
[email protected]
Disclaimer
- This presentation contains statements on the future development of the technotrans Group.
- They reflect the current views of the management of technotrans SE and are based on the corresponding plans, estimates and expectations. Please note that the statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated