WIELTON S.A. INVESTOR CONFERENCE
W I E L T O N GROUP
Wielton Group summarizes 2021
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• Manufacturer of trailers. semi-trailers and vehicle bodies for road transport and agriculture.
Leading European player
• One of the youngest and most dynamic companies in the sector- 26 years of operating.
• Multibrand - the Group based on strong local brands.
• Own, modern research and development facilities
- in Poland, Germany and France.
• Extensive product portfolio - 12 of vehicle group, 800 configurations based on customer needs.
• International service network - 557 points in 30 countries
• Experienced staff of nearly 3,5 thousand people in the Group
01.
Further international expansion:
- Germany - Wielton GmbH,
- Marocco - Wielton Maroc,
- Spain - Guillén.
02. Implementation of the investment plan at the level of PLN 75.5 million.
03.
Increases:
- volume +41% y/y - revenue +48% y/y
04.
Volatility:
- component prices,
- selling prices,
- human resources.
05.
Increased production capacity and efficiency In selected plants:
- Wielton - from 44 units to 75 units per day.
- Lawrence David - from 21 units to 23 units per day..
06.
Positive EBITDA at all companies.
07.
Safe net debt to EBITDA ratio at 2.44 (vs. 3.8 at the end of 2020).
Q1
Changes in component prices in 2021
History of cost changes in the Group (RMI) vs raw material prices
Q2
Average price increase for WG
LME ALUMINIUM
Q3
MEPS STAL
Factors driving cost increases:
• Rapid and global price increases due to high demand dynamics, post-pandemic production constraints (historical steel and aluminum price records).
• Material availability constraints and supply chain disruptions (critical situation in semiconductor market).
• Historically high cost of container shipping from Asia.
What actions have we taken? Purchasing:
• Mitigating the impact of raw material prices on the company by concluding contracts for periods of 4-6 months (steel, aluminum).
• Postponing the implementation of price increases at component suppliers.
• Securing material supply (escalations).
Sales:
Q4
• Immediate action related to price increases on products sold.
• Attempts to introduce RMI raw material formula for newly concluded contracts.
Key data for 2021
Volumen
Revenues
EBITDA
[units]
[PLN mn]
[PLN mn]
+50%
+41% 21 870
+48% 2 696,4
141,9
144,5
W I E L T O N GROUP
20 824
2019
2 343,2 15 532
2020
2021
2021
1 817,3
2019
2020
2019
96,0
2020
2021
EBITDA MARGIN | 6,1% | 5,3% | 5,4% |
The dynamic growth in sales revenues resulting from increased volumes, product price increases and the positive impact of exchange rates allowed for an increase in the financial result through the use of operating leverage effect.
Despite the pressure of significant price increases and limitations on the availability of raw materials and components, as well as
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problems with the availability of employees in certain markets, the EBITDA margin of 5.4% was generated.
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Disclaimer
Wielton SA published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 14:58:14 UTC.
