Geberit : Präsentation zu den Jahresergebnissen 2022
March 08, 2023 at 06:07 am EST
Share
Analyst conference
Full year results 2022
Christian Buhl, CEO
Tobias Knechtle, CFO
March 8, 2023
Agenda
Overview
Sales development
Financial results
Building construction outlook
Geberit outlook
Summary
SLIDE 2
ANALYST CONFERENCE - FY 2022 MARCH 8, 2023
Key figures 2022
Net sales (c.a.)EBITDA margin
+4.8%
26.8%
•
Currency-adjustedtop-line growth despite record high in 2021
vs. PY
-410 bps vs. PY
•
EBITDA margin decline due to input cost inflation
EPS (c.a.)
Dividend proposal (CHF)
•
Currency-adjusted EPS growth
+4.7%
12.60
•
Increased dividend of CHF 12.60
vs. PY
+0.8% vs. PY
•
Significant reduction of relative CO2 emissions
Relative CO2 emissions
Share buyback (CHF)
•
Over CHF 1 billion distributed to shareholders1
-21.9%
570 million
vs. PY
1'109'000 shares
SLIDE 3
1 Dividend payment and share buybacks
ANALYST CONFERENCE - FY 2022
MARCH 8, 2023
Net sales development 2022
Comparison vs. PYQ and PY
Q1
Q2
Q3
Q4
FY
13.0%
+13.5%
+4.2%
9.6%
Net sales
growth
4.8%
(c.a.)
1.6%
+9.6%
+6.
-7.2%
Price
6%
7%
10%
13%
9%
Volume
7%*
3%
-8%
-20%**
-4%
Strong sales and volume growth in H1
COVID-19induced home improvement trend
Stock build-up at wholesalers
Decreasing volumes in H2
De-stockingat wholesalers
Expired COVID-19 induced home improvement trend
Temporary shift from sanitary to energy related renovation in selected countries
Strong price increases throughout the year
SLIDE 4
* 1 additional working day
ANALYST CONFERENCE - FY 2022
** 1 working day less
MARCH 8, 2023
Unprecedented cost inflation in 2022
Geberit monthly price index (Jan 2021=100), currency adjusted
Q1
Q2
Q3
Q4
140
130
Raw
120
material
110
prices1
100
450
400
350
Energy
300
250
prices2
200
150
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022
Full year raw material prices up by 19% vs. 2021
Full year energy prices up by 101% vs. 2021
Total impact of raw material and energy price inflation of CHF 244 million
Four sales price increases (ordinary and extraordinary) throughout the year
SLIDE 5
1
Excl. energy costs
ANALYST CONFERENCE - FY 2022
2
Excl. fuels (heating oil and gasoline) and without subsidies that were not received in the same month as the according invoice
MARCH 8, 2023
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Disclaimer
Geberit AG published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2023 11:06:09 UTC.
Geberit AG is the European leader in designing, manufacturing, and marketing sanitary systems intended for the construction and building renovation sectors. Net sales break down by family of products as follows:
- sanitary plumbing systems (38.3%): complete installed sanitary systems (showers, bathtubs, toilets, bidets, sinks, urinals, etc.), ball-valves, trigger plates, flush tanks, siphons, etc.;
- sanitary ceramic products (31.2%);
- pipe systems (30.5%): systems and conduits made of stainless steel, carbon steel, and copper, for draining water from buildings and roofs, distributing water and gas, etc.
At the end of 2021, the group had 26 production sites worldwide.
Net sales are distributed geographically as follows: Switzerland (9.5%), Germany (31.3%), Eastern Europe (10.1%), Nordic Countries (9.6%), Benelux (8.4%), Italy (6.8 %), Austria (6.2%), France (5.4%), the United Kingdom and Ireland (3.1%), Iberian Peninsula (0.8%) and other (8.8%).
GEBERIT AG 
