Interroll Holding AG
Half year report 2024
WebcastAugust 2nd, 2024
Heinz Hössli
Chief Financial Officer
Interroll Holding AGPUBLIC
1

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupAgenda•Welcome•Group Overview•

Financial Highlights H1/2024

•Q&A

2

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupInterroll Holding AG
Group overview

PUBLIC
3

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupInternal Logistics Solutions are part of theMaterial Handling Equipment Manufacturing market
Material Handling Equipment Manufacturing (MHEM) Market
CHF 204 billion (2023), growing at an average CAGR of 6% (2024-30)*

Internal Logistics Solutions are a part of the MHEM Market.
Relevant market for Interroll products: CHF 6-8 billion worldwide.
Interroll market share: 8-11% worldwide.
*Source: Fortune Business Insights: USD 227.4 billion in 2023 – USD 342.0 billion in 2030
4Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupInterroll
Leading global provider for material handling solutions

28,000
customers

2,300

35

employees

5Interroll Holding AGcompanies

August 2, 2024

PUBLICFounded in1959© Interroll Group16main factories

Headquarters
in Switzerland

Interroll
Market focus
Food & Beverage

Warehousing &Distribution

Airports

6Interroll Holding AG

Courier, Express & Parcel

Tire & Automotive

August 2, 2024

PUBLIC© Interroll Group

Supermarket
Solutions

Fashion & RetailIndustrial
Manufacturing

Our business modelInterroll as enabler
InterrollMarket••Market environment:
increasingly dynamic

Platform products for globallyconsistent / proven solutions

•

•

7

Material handling market
attractive for new entrants,
consolidation

Interroll Holding AG

August 2, 2024

•PUBLIC© Interroll Group

Proximity to customers:
own network in key markets andindustries

Technology partner for global
integrators and local players

Interroll
Platform StrategyRollers•

DrivesRoller platform•••

INTERROLL
PLATFORMSTRATEGY

Pallet Handling••

Modular Pallet Conveyor
Platform (MPP)
Dynamic Storage Solutions

Conveyors & Sorters•••

8Interroll Holding AG

August 2, 2024

PUBLIC© Interroll Group

Drum Motor Platform
DC Platform
AMR Top Module

Modular, Light & High
Performance Conveyor Platform(MCP, LCP & HPP)
Modular Hygienic Platform(MHP)
Sorter Platform

Innovations

MX-Vs – Vertical Crossbelt Sorter Small Wheel

Cutting-edge vertical crossbelt small wheel sorter, the MX-Vs. Standing at amodest height of just 1400 mm, this innovative solution offers a compact
footprint, effortlessly accessing flat and short destinations with ease.

9Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupInterroll Holding AG
Financial Highlights
H1/2024

PUBLIC
10Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupPerformance summary H1/2024

Order intake: -5.1% decrease (previous year: -0.8%)

Local currency: -1.0%
EMEA shows an increase in order intake, whereas the other regions had a decline

Sales: -3.5% increase (previous year: -17.6%)

Local currency: +0.1%
EMEA shows an increase in sales, whereas Americas a slight decrease and Asia-Pacific a sharp
decline

EBIT: +4.0% increase to CHF 29.9m (previous year: CHF 28.7m)
Favorable raw material prices and a high-cost discipline

Operating cash flow: CHF 16.2m (previous year: CHF 75.2m)
Increase in net working capital

11Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupOrder intake: CHF 286.5m (-5.1%)
In local currency: -1.0%4503502329250143106

15088

9849

53

2306

2406

50-50

2006
Rollers

2106

2206

DrivesConveyors/Sorters

Pallet Handling

In CHF million
12Interroll Holding AG

August 2, 2024

PUBLIC© Interroll Group•

Rollers: +8.4%•Drives: +12.4%•

Conveyors & Sorters: -25.5%•

Pallet Handling: +26.4%•

Book-to-bill Ratio: 1.16 (PY: 1.18)

Sales: CHF 247.4m (-3.5%)
In local currency: +0.1%

450
350
250

1918

94

82

8994

5453

2306

2406

15050-50

2006
Rollers

2106

2206

DrivesConveyors/Sorters

Pallet Handling

In CHF million
13Interroll Holding AG

August 2, 2024

PUBLIC© Interroll Group•

Rollers: -2.4%•Drives: +5.2%•Conveyors & Sorters: -12.7%•Pallet Handling: -1.4%•Book-to-bill Ratio: 1.16 (PY: 1.18)

Sales by region: CHF 247.4m (-3.5%)
In local currency: +0.1%
Sales development:
350•

EMEA: +6.1%

250•

Americas: -1.0%

200•

Asia-Pacific: -42.0%

300

150
100

Sales by region:

500
2006

2106
EMEA

2206
AMERICAS

2306

2406

ASIA

In CHF million
14Interroll Holding AG

August 2, 2024

PUBLIC© Interroll Group•EMEA: 60% (PY: 55%)

•Americas: 31% (PY: 30%)

•Asia-Pacific: 9% (PY: 15%)

EBIT: CHF 29.9m (+4.0%)

5018%16%

4014%12%30
28.7

29.910%•Favorable raw material prices•

High cost discipline

8%

206%
4%

102%0

2006

2106

2206
EBIT

2306

2406

0%

in % of sales

In CHF million
15

EBITDA CHF 41.0m (+2.8%)
In % of sales 16.6% (PY: 15.6%)

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupEBIT CHF 29.9m (+4.0%)
In % of sales 12.1% (PY: 11.2%)•Depreciation & amortization almostunchanged

Result: CHF 23.9m (+8.5%)

4014%
12%

3010%2022.0

23.98%6%•

Positive financing result from FX
currency gains•

Slightly higher tax rate

4%

102%020062106

2206
Result2306

2406

0%

in % of sales

In CHF million
16

Results CHF 23.9m (+8.5%)
In % of sales 9.7% (PY: 8.6%)

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupFree cash flow: CHF 11.1m

7025%

6060.0

5020%

4015%

30

10-1011.1
2006

2106

2206

2306

2406

Free cash flow0%

August 2, 2024PUBLIC

Free cash flow CHF 11.1m
In % of sales: 4.5% (PY: 23.4%)•in % of sales

In CHF million
Interroll Holding AG

Higher net working capital driven bywork in progress and accounts
receivables

5%-5%-20

17

•

10%

200

Operating cash flow CHF 16.2m
In % of sales: 6.5% (PY: 29.4%)© Interroll Group

Investments incl. IFRS 16 lease CHF
8.5m (PY: CHF 17.1m)

Value creation:
ROE 11.2% and RONA 28.2%

30.0%

20.0%

10.0%

0.0%
ROE
RONA
WACC

182009
4.3%
1.6%
9.0%

Interroll Holding AG2010
11.1%
10.4%
9.0%

2011
13.4%
9.9%
9.0%

2012
12.8%
12.6%
9.0%

August 2, 2024

2013
11.9%
12.2%
9.0%

PUBLIC

2014
9.9%
9.8%
9.0%

2015
14.4%
15.3%
9.0%

2016
16.4%
17.1%
9.0%

© Interroll Group

2017
15.8%
16.5%
9.0%

2018
19.0%
20.9%
9.0%

2019
19.0%
22.6%
9.0%

2020
23.3%
30.4%
9.0%

2021
24.5%
25.4%
9.0%

2022
22.4%
24.5%
9.0%

2023
16.5%
22.6%
9.0%

H1/24
11.2%
28.2%
9.0%

Outlook
We continue to progress on the recovery journey
For the EMEA region, we see that the ongoing challenges in the projectbusiness may come to an end, following the rebound we are now seeing in
product sales. In the Americas region, we also foresee continued growth inproduct sales. In the APAC region, we predict in general a slower recovery.
With our innovative product platforms and production capacities, we are very
well positioned in our regions to meet future market demands and ready toseize opportunities when the market fully recovers.
In the medium term, we believe that all fundamental trends for global
demand for material flow solutions remain intact and have evenstrengthened, increasing the demand for further automation.

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Interroll Holding AG

August 2, 2024

PUBLIC© Interroll Group

Digital half year report 2024

https://www.interroll.com/investor-relations/reports-and-publications

20

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupQuestions?

21

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupContact details

Heinz Hössli
Chief Financial Officer
h.hoessli@interroll.com
Phone +41 91 850 25 44

Interroll Holding AG
Via Gorelle 36592 Sant’Antonino
Switzerland
www.interroll.com
22

Interroll Holding AG

August 2, 2024

PUBLIC© Interroll GroupDisclaimer

This presentation contains certain future-oriented statements. Future-oriented statements include all statements which do not
relate to historical facts and events and contain future-oriented expressions such as “believe”, “estimate”, “assume”, “expect”,“forecast”, “intend”, “could” or “should” or expressions of a similar kind. Such future-oriented statements are subject to risks
and uncertainties since they relate to future events and are based on the company’s current assumptions, which may not in
the future take place or be fulfilled as expected.
Even if the actual results for Interroll Holding AG, including its financial position and profitability and the economic andregulatory fundamentals, are in accordance with such future-oriented statements in this presentation, no guarantee can begiven that this will continue to be the case in the future as development in the economic and regulatory frameworks my vary
substantially from those explicitly or implicitly assumed or described in this presentation.

Appendix
Slide 4 image – Image Macrovector on Freepik

23Interroll Holding AG

August 2, 2024PUBLIC© Interroll Group