DELIGNIT AG Ecological material for technological applications
Delignit AG - Resilience & Sustainability since 1799
Company Presentation │ Münchner Kapitalmarktkonferenz 2024
www.delignit-ag.de | 25.04.2024
Agenda
Resilient business model in growing end-markets
Strong financials 2023
Recent business development & guidance 2024
Positioning & outlook
Delignit share
© Delignit AG / 25.04.2024 | 2 |
Ecological responsibility through a focus on renewable raw materials - since 1799
SUSTAINABLE RAW MATERIAL BASE
225th anniversary of the
Blomberger Holzindustrie GmbH
SOP Delignit North
America Inc.
Acquisition of DHK automotive GmbH
Initial public offering (IPO)
Invention of beech plywood
Foundation in
Blomberg, Germany
2024
2019
2013
2007
1893
1799
Mortality rate 2022 | Code of Conduct ensures to act in line with | |||||
of all tree species in % | ||||||
Code of Conduct | social, ecological and governmental standards | |||||
Tree of | Climate-positive effects through carbon | |||||
the year | ||||||
4.4 | storage in wooden products | |||||
2022 | ||||||
"…there is much to suggest that beech can maintain and | ||||||
expand its place in the forests despite the changing | ||||||
climatic conditions…" | ||||||
Source: Dr. Silvius Wodarz Stiftung | ||||||
1.3 | Beech log demand is covered within a radius of 150 km | |||||
around Blomberg | ||||||
0.6 | ||||||
0.4 | 0.2 | 0.1 | Only as much wood as grows back in the forests is | |||
used for processing | ||||||
Spruce Other Pine Oak | Beech | Other | ||||
broad- | confirerous | |||||
leaved | trees | |||||
trees |
Source: Waldzustandserhebung 2022
© Delignit AG / 25.04.2024 | 3 |
Delignit key end-markets are underpinned by strong and sustainable growth drivers
BUSINESS UNITS / GROWTH DRIVERS
Key growth drivers
Automotive
Growing e-commerce drives demand for light commercial vehicles (LCV) with 6.1% CAGR until 2029*
E-Mobility trend in LCV market with 24 % CAGR for eLCV's until 2030** drives demand for ecological lightweight system solutions
Rising demand for flexible independent travelling
Continued urbanization and government funding drives demand for railway industry
Retailers' investments in increasing offerings and service levels drive warehousing and distribution market
*Source: Mordor Intelligence, Europe
**Source: IDtechex
© Delignit AG / 25.04.2024
Technological
Applications
4
New expansion order for a top-selling LCV reconfirms the strategy "more revenues per vehicle", which has been consistently implemented over the last decade
DELIGNIT PRODUCT PORTFOLIO IN LCV MARKET / REVENUE PER VEHICLE
Delignit LCV solutions
Multifunctional rails
Lashing Point
Wooden load floor
Securing bars
Securing strap
Integrated floor rails
LED roof rails
Wheel arch cover
Side wall protection
04/2024: New OEM order confirms strategic approach
© Delignit AG / 25.04.2024
Revenue per vehicle | |
> 1,400 €/LCV | |
1,400 | > 1,300 €/LCV |
1,000 €/LCV | |
1,200 | |
1,000 | |
800 | |
600 | 500 €/LCV |
400 | 300 €/LCV |
200 |
0 | |||||||
2010 | 2012 | 2014 | 2016 | 2018 | 2020 | 2022 | 2024 |
5
Increasing export ratio as a driver for sustainable growth and risk diversification
EXPORT RATIO / TOP 20 EXPORT COUNTRIES / REVENUES BY END-MARKET
International footprint | Total revenues |
Export ratio | by end-market |
Technological | ||||
Applications | ||||
+38 pp | 6% | |||
56% | Caravan | 17% | ||
€ 86.1 million | ||||
18% | in 2023 | |||
77% | LCV & further | |||
2010 | 2023 | |||
Automotive | ||||
Export countries* |
*Top 20 per 31.12.2023
© Delignit AG / 25.04.2024 | 6 |
Delignit growth strategy is based on technology leadership in attractive niches
ELEMENTS OF DELIGNIT GROWTH STRATEGY
Technology01 leadership
Innovative solutions
Light-weight products
Sustainable materials
Technology Internationalization >€ 10 m revenues
M&A04 strategy
02 Product diversification
Cross-selling
More revenues per vehicle
Transfer of existing product solutions to new geographic markets
Geographic 03 diversification
03
© Delignit AG / 25.04.2024 | 7 |
Agenda
Resilient business model in growing end-markets
Strong financials 2023
Recent business development & guidance 2024
Positioning & outlook
Delignit share
© Delignit AG / 25.04.2024 | 8 |
Dynamic financial year 2023 ended with record levels in revenues and earnings
REVENUE AND EBIT IN € MILLION / NEWSFLOW BUSINESS DEVELOPMENT
Revenue
in € million
14% | |||||
86.1 | |||||
75.4 | |||||
37.8 | |||||
H2 | 43.2 | ||||
48.2 | |||||
H1 | 32.1 | ||||
2022 | 2023 |
EBITDA
in € million
8.7 % 8.2 %
8% | |||||
7.1 | |||||
6.6 | |||||
2.6 | |||||
H2 | 4.7 | ||||
4.5 | |||||
H1 | 1.9 | ||||
2022 | 2023 |
04/2024
03/2024
11/2023
08/2023
© Delignit AG / 25.04.2024 | 9 |
Strong balance sheet and financial solidity as basis for resilience.
SELECTED FINANCIALS
Equity
in € million / %
+38.1%
36.9
26.7
2022 2023
Net financial balance | Cash position |
in € million | in € million |
+11.0 | +8.0 | ||
5.9 | 10.4 | ||
2.4 | |||
-5.1 | |||
2022 | 2023 | 2022 | 2023 |
Financial figures
2023
Equity ratio of 76.0 %
Moderate increase of inventories
Capital increase in summer 2023
Strong operating cash flow of 6.8 € million
© Delignit AG / 25.04.2024 | 10 |
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Delignit AG published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 14:36:15 UTC.
