Interroll Holding AG
Half year report 2023
WebcastAugust 2nd, 2023
Heinz Hössli
Chief Financial Officer
Interroll Holding AGPUBLIC
1

Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll GroupAgenda•Welcome•Group Overview•

Financial Highlights H1/2023

•

Q&A

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Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll GroupInterroll Holding AG
Group overview

PUBLIC
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Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll GroupInternal Logistics Solutions are part of theMaterial Handling Equipment Manufacturing market
Material Handling Equipment Manufacturing (MHEM) Market
CHF 200 billion (2022), growing at a CAGR of 4-7% (2022-25)*

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
4Interroll Holding AG: Investor Booklet

August 2, 2023

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

28,000
customers

2,400

35

employees

companies

5Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLICFounded in1959© Interroll Group16
main factories

Headquarters
in Switzerland

Interroll
Focus on growth markets

Food & Beverage

Warehousing &Distribution

Airports

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Interroll Holding AG: Investor Booklet

Courier, Express & Parcel

Tire & Automotive

August 02, 2023

PUBLIC© Interroll Group

Supermarket
Solutions

Fashion & RetailIndustrial
ManufacturingInterroll
Our business model 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: Investor Booklet

August 02, 2023

•PUBLIC© Interroll Group

Proximity to customers:
own network in key markets andindustries

Technology partner for global
integrators and local players

Interroll
Platform StrategyRollers•

Drives & Controls

Roller platform••

INTERROLL
PLATFORMSTRATEGY

Pallet Handling

Conveyors & Sorters•••

Modular Pallet Conveyor
Platform (MPP)
Dynamic Storage Solutions••

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Interroll Holding AG: Investor Booklet

March 17, 2023

PUBLIC© Interroll Group

Drum Motor Platform
DC Platform

Modular & Light Conveyor
Platform (MCP & LCP)
Modular Hygienic Platform(MHP)
Sorter Platform

HPP – High Performance Platform
Closing the gap

Platform
solution

Multi Belt
SwitchInterroll
Layouter• Integration withSorter andConveyor Platforms• Capacity: 6000
pcs/h on a conveyor• Proven in MCP andMPP• Integration of 3rd
Party solutions

Horizontal
cross belt

MCP*** Successful product launch @ the LogiMAT in April 2023 ***9Interroll Holding AG: Investor Booklet

March 17, 2023

PUBLIC© Interroll GroupAMR top module
AMR (Autonomous Mobile Robots) Top Module

Platform
solution

Platform
solution• Connecting
Conveyor and AMR
solutions• Integrated solution• Flexible solution forhandling solutions• Scalable – add
more AMR later on*** Launch in September 2023 ***10Interroll Holding AG: Investor Booklet

March 17, 2023

PUBLIC© Interroll GroupInterroll Holding AG
Financial Highlights
H1/2023

PUBLIC
11Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll GroupPerformance summary H1/2023

Order intake: -0.8% decrease (previous year: -27.8%)
Local currency: +4.3%
EMEA shows a decrease in order intake, whereas the other regions grow

Sales: -17.6% increase (previous year: +14.3%)
Local currency: -13.5%
EMEA and Americas show a decrease in sales, whereas Asia-Pacific grows

EBIT: -29.7% decrease to CHF 28.7m (previous year: CHF 40.8m)
Missing contribution margin from sales decrease; high-cost discipline

Operating cash flow: CHF 75.2m (previous year: CHF 1.2m)
High decrease in net working capital

12Interroll Holding AG: Investor Booklet

August 2, 2023

PUBLIC© Interroll GroupOrder intake: CHF 301.9m (-0.8%)
In local currency: +4.3%
In CHF million

13Interroll Holding AG: Investor Booklet

August 2, 2023

PUBLIC© Interroll Group•

Rollers: -18.6%•Drives: -17.0%•

Conveyors & Sorters: +28.8%•

Pallet Handling: -18.7%•

Book-to-bill Ratio: 1.18 (PY: 0.98)

Sales: CHF 256.2m (-17.6%)
In local currency: -13.5%
In CHF million

14Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll Group•

Rollers: -22.9%•

Drives: -19.4%•

Conveyors & Sorters: -2.9%•

Pallet Handling: -43.3%•

Book-to-bill Ratio: 1.18 (PY: 0.98)

Sales by region: CHF 256.2m (-17.6%)
In local currency: -13.5%
In CHF million

Sales development:•EMEA: -23.0%•

Americas: -24.9%•

Asia-Pacific: +46.0%

Sales by region:15Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll Group•EMEA: 55% (PY: 58%)•

Americas: 30% (PY: 33%)

•Asia-Pacific: 15% (PY: 9%)

EBIT: CHF 28.7m (-29.7%)

In CHF million

EBITDA CHF 39.9m (-23.9%)
In % of sales 15.6% (PY: 16.9%)• Missing contribution margin fromsales decrease• High-cost discipline
EBIT CHF 28.7m (-29.7%)
In% of sales 11.2% (PY: 13.1%)• Depreciation & amortization almost
unchanged16Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll GroupResult: CHF 22.0m (-33.5%)

In CHF million

Results CHF 22.0m (-33.5%)
In % of sales 8.6% (PY: 10.6%)

17Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll Group•

Negative financing result from FX
currency losses•

Slightly higher tax rate

Free cash flow: CHF 60.0m

In CHF million

Operating cash flow CHF 75.2m
In % of sales: 29.4% (PY: 0.4%)•Much lower net working capitalFree cash flow CHF 60.0m
In % of sales: 23.4% (PY: -2.3%)•18

Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll Group

Investments CHF 17.1m (PY: CHF12.4m)

Value creation:
ROE 11.2% and RONA 30.2%

19Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll GroupOutlook
We continue to focus on our long-term growth

We currently see positive developments in Americas. In Europe the productsales volumes are expected to increase as destocking is over. In Asia Pacificwe expect moderate growth.
Interroll is strongly positioned and well prepared to benefit from our leading
technology platform and capacities at any given moment in time when themarket rebounds.
In the medium term, we believe that all fundamental trends for global
demand for material flow solutions remain intact and have evenstrengthened as labor shortage increases the demand for further automation.

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Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll Group

Digital half year report 2023

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

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Interroll Holding AG: Investor Booklet

August 02, 2023

PUBLIC© Interroll GroupQuestions?

22Interroll Holding AG: Investor Booklet

August 02, 2023

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
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Interroll Holding AG: Investor Booklet

August 02, 2023

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

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Interroll Holding AG: Investor Booklet

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PUBLIC© Interroll Group