HALF YEAR FINANCIAL REPORT H1 2021

FORCING

THE PACE

KEY FIGURES

Key figures H1

Unit

H1 2021

H1 2020

Change

Sales

EUR m

291.7

242.3

20.4%

EBITDA

EUR m

24.2

10.7

125.7%

EBITDA margin (EBITDA/sales)

%

8.3%

4.4%

3.9% pts.

EBIT

EUR m

10.1

-7.0

144.4%

EBIT margin (EBIT/sales)

%

3.5%

-2.9%

6.4% pts.

Earnings after tax

EUR m

6.8

-8.9

76.9%

Earnings per share

EUR

0.30

-0.42

71.4%

Investments in tangible assets

EUR m

11.6

6.5

77.4%

Equity ratio (equity/balance steet total)

%

44.2%

40.0%

4.2% pts.

Net working capital (NWC)

EUR m

117.1

120.9

-3.2%

Average capital employed

EUR m

386.8

426.9

-9.4%

Net debt (+)/assets (-)

EUR m

121.2

153.4

-21.0%

Employees (incl. leasing personnel) end of period

FTE

3,708

3,870

-4.2%

Key figures quarterly

Unit

Q2 2020

Q3 2020

Q4 2020

Q1 2021

Q2 2021

Sales

EUR m

93.2

137.1

142.5

147.8

143.9

EBITDA

EUR m

-1.0

9.9

27.7

13.8

10.4

EBITDA margin (EBITDA/sales)

%

-1.0%

7.2%

19.4%

9.3%

7.3%

EBIT

EUR m

-9.7

0.9

19.1

6.7

3.4

EBIT margin (EBIT/sales)

%

-10.4%

0.6%

13.4%

4.5%

2.4%

Earnings after tax

EUR m

-10.3

-1.5

19.8

4.8

2.1

Earnings per share

EUR

-0.48

-0.08

0.79

0.21

0.09

Investments in tangible assets

EUR m

0.7

5.9

1.8

6.0

5.6

Equity ratio

%

40.0%

40.5%

42.6%

43.6%

44.2%

(equity/balance steet total)

Net working capital (NWC)

EUR m

120.9

127.9

92.8

110.1

117.1

Capital employed

EUR m

417.7

421.5

373.8

393.1

399.9

Net debt (+)/assets (-)

EUR m

153.4

157.1

105.8

116.8

121.2

Employees (incl. leasing

FTE

3,870

3,851

3,636

3,706

3,708

personnel) end of period

2HALF YEAR FINANCIAL REPORT H1 2021

GROUP SALES BY CUSTOMERS

29.4%

■ H1 2021

Group sales January to June 2021

showing POLYTEC's largest

customers, values in %

22.8%

9.7%

6.9%

7.4%

5.9%

5.1%

3.6%

3.2%

2.0%

1.5%

0.8%

1.1%

0.6%

VW CAR GROUP

MERCEDES BENZ CARS & VANS

JAGUAR LAND ROVER

GEELY GROUP

FORD

STELLANTIS

OTHER CAR

TRATON

VOLVO TRUCKS & BUSES

JOHN DEERE

DAIMLER TRUCKS & BUSES

OTHER TRUCK, BUS & AGRICULTURAL

IFCO

SMART PLASTICS CUSTOMERS

SALES & EBIT MARGIN

142.5

147.8

143.9

137.1

13.4%

93.2

4.5%

2.4%

0.6%

-10.4%

Q2 2020

Q3 2020

Q4 2020

Q1 2021

Q2 2021

  • SALES (in EUR m)
    EBIT margin

Comparision of the group sales and EBIT margin

in Q2 2021 with the last four quarters

HALF YEAR FINANCIAL REPORT H1 2021

3

HALF YEAR FINANCIALREPORT H1 2021

This interim report has not been subject to an audit or a review.

KEY FIGURES

02

Group Sales by Customers

03

Sales & Ebit Margin

03

GROUP MANAGEMENT REPORT H1 2021

05

Automotive Industry Development

05

Group Results

06

Assets and Financial Status

08

Employees

09

Risks and uncertainties

09

Material transactions with related parties and companies

10

Material events after the reporting period

10

Outlook 2021 Financial year

10

INTERIM CONSOLIDATED FINANCIAL STATEMENT

ACCORDING TO IAS 34

11

Consolidated Income Statement

11

Consolidated Balance Sheet

12

Consolidated Cash Flow Statement

13

Consolidated Statement of Changes In Equity

14

Consolidated Statement of Comprehensive Income

14

Selected Notes

15

SHARE AND INVESTOR RELATIONS

16

POLYTEC Share Price Development

16

Share Key Figures

16

Dividend Policy

17

Research Coverage

17

Shareholder Structure

17

STATEMENT OF ALL LEGAL REPRESENTATIVES

18

4

HALF YEAR FINANCIAL REPORT H1 2021

GROUP MANAGEMENT REPORT H1 2021

AUTOMOTIVE INDUSTRY DEVELOPMENT

The tables below show the numbers of new vehicle registrations during the period from January to June 2021 as compared to the figures from the previous year.

REGISTRATIONS OF NEW CARS IN THE MAJOR INTERNATIONAL MARKETS

in units

H1 2021

Share

H1 2020

Share

Change

China

9,830,000

39.9%

7,717,000

40.1%

27.4%

USA

8,294,100

33.7%

6,429,000

33.4%

29.0%

European Union (EU, EFTA and UK)

6,486,400

26.4%

5,101,700

26.5%

27.1%

Total three major markets

24,610,500

100%

19,247,700

100%

27.9%

Other selected countries

Japan

2,043,400

1,826,000

11.9%

India

1,495,100

774,700

93.0%

Brazil

1,007,900

765,200

31.7%

Russia

870,700

636,000

36.9%

REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA AND UK)

in units

H1 2021

Share

H1 2020

Share

Change

Germany

1,390,900

21.5%

1,210,600

23.7%

14.9%

France

922,800

14.2%

715,800

14.0%

28.9%

United Kingdom

910,000

14.0%

653,500

12.8%

39.3%

Italy

884,800

13.7%

584,200

11.5%

51.5%

Spain

456,800

7.0%

339,800

6.7%

34.4%

Other European countries

1,921,100

29.6%

1,597,800

31.3%

20.2%

EUROPE (EU, EFTA and UK)

6,486,400

100%

5,101,700

100%

27.1%

REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA AND UK) - BY DRIVE TECHNOLOGY

in units

H1 2021

Share

H1 2020

Share

Change

Petrol-driven cars

2,753,700

42.5%

2,688,600

52.7%

2.4%

Diesel-driven cars

1,282,000

19.8%

1,422,200

27.9%

-9.9%

Battery electric vehicles (BEV)

492,000

7.6%

221,500

4.3%

122.1%

Plug-in hybrid electric vehicles (PHEV)

537,200

8.3%

178,800

3.5%

200.4%

Hybrid electric vehicles (HEV)

1,285,600

19.8%

515,000

10.1%

149.6%

Natural gas vehicles (NGV)

28,000

0.4%

25,800

0.5%

8.5%

Other alternatively-powered vehicles (APV)

105,300

1.6%

49,100

1.0%

114.5%

EUROPE (EU, EFTA and UK)

6,483,800

100%

5,101,000

100%

27.1%

HALF YEAR FINANCIAL REPORT H1 2021

5

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Polytec Holding AG published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 07:23:02 UTC.