Autoneum Holding AG · SIX:AUTN
Autoneum — H1 2015 Earnings Presentation
16 slides from Autoneum's earnings presentation, Jul 22, 2015
Slide 1: Half-Year Results 2015
Half-Year Results 2015 Martin Hirzel, CEO and Martin Zwyssig, CFO
Slide 2: Agenda
Agenda 1. Introduction and Highlights of Half-Year 2015 Martin Hirzel, CEO 2. Financial Results Half-Year 2015 Martin Zwyssig, CFO 3. Outlook Full Year 2015 Martin Hirzel, CEO
Slide 3: HY1: Highlights
HY1: Highlights Sales Financials Strategy • Organic growth of 6.3% in • EBIT margin reached a • BG Europe with local currencies (LC) new high at 7.7% (after significant increase in exceeded global automobile non-recurring expenses*: sales in LC and earnings production growth significantly 4.5%) • Hi
Slide 4: Agenda
Agenda 1. Introduction and Highlights of Half-Year 2015 Martin Hirzel, CEO 2. Financial Results Half-Year 2015 Martin Zwyssig, CFO 3. Outlook Full Year 2015 Martin Hirzel, CEO
Slide 5: Sales development
Sales development Sales growth outperformed the market significantly CHF million 21.4% -8.4% 5.1% 14.3 -5.0 1.2 -28.1 6.9% 22.3 1'014.1 28.9 980.6 Organic growth: +6.3% Net sales BG Europe BG North BG Asia BG SAMEA Corporate Currency Net sales HY1 2014 America translation HY1 2015 effect Half-Year R
Slide 6: HY1: EBITDA
HY1: EBITDA EBITDA further increased CHF million • EBITDA before non-recurring Margin expenses increased from 99.1 10.6%* Margin 10.1% to 108.0 million CHF Margin 108.0 8.4% 99.1 • EBITDA margin before non- Margin 90.9 recurring expenses at 10.6% 7.3% Margin 6.8% 70.3 • EBITDA margin of BG Europe fu
Slide 7: HY1: Operating result (EBIT)
HY1: Operating result (EBIT) EBIT margin at new record high CHF million • EBIT margin improved by EBIT HY1 2014 0.8 percentage points to EBIT HY1 2015 7.7% of net sales (after Margin non-recurring expenses: 7.7%* 4.5%) 77.6 • High capacity utilization, 66.8 lower material costs and Margin 9.5% effic
Slide 8: HY1: Net profit
HY1: Net profit Net profit further boosted before non-recurring expenses CHF million HY1 2015 HY1 2015* HY1 2014 • Net profit before taxes rose to 65.4 million CHF Net sales 1'014.1 1'014.1 980.6 despite currency-related EBIT 46.1 77.6 66.8 lower financial result Financial result -12.2 -12.2 -8.4 •
Slide 9: HY1: Balance sheet
HY1: Balance sheet Sound balance sheet • Net working capital at CHF million 30.06.15 31.12.14 30.06.14 slightly lower level Total assets 1'143.9 1'099.3 980.6 compared to prior-year period Non-current assets 515.9 536.2 438.5 Current assets 628.1 563.0 542.1 • Higher net debt compared to year-end le
Slide 10: HY1: Cash flow
HY1: Cash flow Stable cash flows from operating activities CHF million HY1 2015 HY1 2014 • Cash flows from operating Net profit 17.0 40.0 activities are stable compared to prior-year Depreciation and amortization 30.3 32.3 period Change in net working capital -41.3 -56.6 • Decrease in free cash flow
Slide 11: HY1: RONA
HY1: RONA RONA* almost matched high prior-year level 20 18.5% 17.8%* 16.6% • RONA of 17.8% more than twice the WACC of 8.7% 15 • Substantial additional economic value created 10 9.1% 8.7% WACC 5.0% 5 0 HY1 2011 HY1 2012 HY1 2013 HY1 2014 HY1 2015 *RONA is disclosed before expenses in relation to the
Slide 12: Agenda
Agenda 1. Introduction and Highlights of Half-Year 2015 Martin Hirzel, CEO 2. Financial Results Half-Year 2015 Martin Zwyssig, CFO 3. Outlook Full Year 2015 Martin Hirzel, CEO
Slide 13: Guidance
Guidance 2015 Global • Muted growth of global automobile production to around 89 million environment light vehicles in 2015 (growth rate of 1.7%)* Sales • Continuation of sales growth in LC in seasonally weaker HY2 leading to sales increase above the forecasted 4-5% in FY 2015 • Despite negative cur
Slide 14: Autoneum is also onboard
Autoneum is also onboard. Not necessarily visibly, but always perceptibly. Autoneum. Mastering sound and heat. Half-Year Results 2015 . July 22, 2015 14
Slide 15: Contacts and event calendar
Contacts and event calendar Investors Media Contact address Dr. Martin Zwyssig Dr. Anahid Rickmann Autoneum Holding AG CFO Head Corporate Communications Schlosstalstrasse 43 / P.O. Box T +41 (0)52 244 82 82 T +41 (0)52 244 83 88 CH-8406 Winterthur investor@autoneum.com media@autoneum.com www.autoneu
Slide 16: Disclaimer
Disclaimer Autoneum is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoeve