V-ZUG Group - Full-year Results 2022

15 March 2023

V-ZUG

In 2022, our customer focus remained highest priority despite adverse

circumstances such as

supply bottlenecks and drastically increasing purchase prices.

Agenda

  1. Overview
  2. Strategic Transformation
  3. Sustainability
  4. Financial Information 2022
  5. Outlook
  6. Investment Case
  7. Q&A

1. Overview: Full year 2022 at a glance

Adverse circumstances are reflected in the annual results 2022 - We remain ambitious and determined

A tough financial year

  • Net sales on previous year level despite supply challenges: CHF 636.3 million
  • EBIT under pressure: CHF 10.3 million EBIT margin at 1.6 %
  • Free cash flow: CHF -52.2 million

Strategic transformation on track

  • Evolution of the product portfolio
  • Strengthening of the premium brand V-ZUG
  • International expansion
  • Digitalisation: products, processes, platforms
  • Site transformation

Sustainability - one step further

  • Scope 1 and 2
    • CO2-neutral since 2020
    • Reduction of actual emissions by 14.9 %
  • Scope 3
    • Energy classes A-C: + 8.6 % more appliances vs. prior year
    • New "CO2 -Webshop" (offered in Switzerland)
  • Awarded as "Friendly Work Space"

vzug.com

1. Overview: Main challenges in 2022

Operations with challenges in supply chains and elevated cost levels

  • Disruptions in supply chains - in Q2 2022, situation deteriorated significantly due to COVID-19 lockdown in Shanghai area. Situation started easing as of Q3 2022.
  • Lack of availability - causing temporary delivery delays on vital parts of the product range and short-term production adjustments resulting in relevant higher workload and inefficiencies in operation.
  • Temporary purchases on spot-buymarkets at drastically higher cost - in order to maintain delivery capability with a view to prioritizing customer satisfaction, followed by a redesign of software to fit new microprocessors to be sourced from new suppliers.
  • Significantly increased material, component and freight costs - passed on to business partners with consciously phased sales price adjustments.

vzug.com

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Disclaimer

V-ZUG Holding AG published this content on 15 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2023 05:39:04 UTC.