Draegerwerk Ag & Co. Kgaa · XETR:DRW8
Draegerwerk Ag & Co. Kgaa — Drägerwerk AG & Co. KGaA — Q1 2017 Earnings Presentation
17 slides from Draegerwerk Ag & Co. Kgaa's earnings presentation, May 4, 2017
Slide 1: Conference call Interim report January 1 to March 31, 2017
Worldwide. On Site. Conference call Interim report January 1 to March 31, 2017 Lübeck, May 4, 2017
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities. No money, securities or other consideration is being solicited by this presentation. This presentation contains forward-looking statements regarding the future d
Slide 3: Business Highlights Q1
Business Highlights Q1 Net Sales Positive order intake in Q1: cc +5.4% (nominal: +6.6%) -1.1% Order book above prior year’s level. Pick up in net sales Currency adjusted development expected for the coming quarters. +0,5% nominal 535.0 Net sales still lagging behind order development. 532.4
Slide 4: Order development in Q1
Order development in Q1 Order entry (€ million) Net Sales Group Medical Safety Group America 125 +2.6% +4.1% -0.3% -1.8% Africa, Asia, +0.7% +4.2% -4.0% 167 +1.5% Australia Europe 348 +8.3% +6.6% +10.5% +0.3% Group 639 +5.4% +4.2% +7.4% -1.1% Growth rates are net of currency effects 4
Slide 5: Business development Q1 Group
Business development Q1 Group Q1 2016 Q1 2017 Change € million € million % Order Intake 599.6 639.4 6.6 % growth (currency adjusted) 0.2% 5.4% Net Sales 532.4 535.0 0.5 % growth -2.4% 0.5% % growth (FX adjusted) 0.2% -1.1% Gross Profit 223.4 240.4 7.6 Gross margin 42.0% 44.9% Functional Expenses -23
Slide 6: Functional Expenses
Functional Expenses Q1 2016 Q1 2017 Change Change net of FX and restructuring € million € million % % R&D -54.2 -56.0 3.3 2.8 % of Net Sales -10.2% -10.5% Sales & Marketing -134.7 -137.0 1.7 0.1 % of Net Sales -25.3% -25.6% Administration -50.7 -45.9 -9.5 -5.7 % of Net Sales -9.5% -8.6% SG&A -185.4
Slide 7: Key Figures
Key Figures Q1 2016 Q1 2017 Change € million € million % Cashflow from operating activities 10.4 27.8 >+100 Investments 24.2 18.0 -25.9 Cash and cash equivalents1 176.9 207.2 17.1 Net financial debt1 153.3 18.0 -88.3 Net financial debt 1 /EBITDA 2 1.14 0.07 Capital employed 1 1,248.2 1,218.6 -2.4 RO
Slide 8: Business development Q1 Segments
Business development Q1 Segments EBIT- Order entry Net sales Net sales EBIT margin Δ in %* € million Δ in %* € million % Europe 8.3 298.9 0.3 5.1 1.7 America 2.6 107.5 -1.8 -4.7 -4.4 Africa, Asia, Australia 1.5 128.6 -4.0 2.0 1.5 Group 5.4 535.0 -1.1 2.3 0.4 Medical 4.2 336.4 -2.3 -7.1 -2.1 Safety 7
Slide 9: Outlook
Outlook 2016 2017e Net Sales - 1.5 % 0.0 % – 3.0 % (net of currency effects) EBIT margin 5.4 % 5.0 % – 7.0 %* Gross profit margin 45.0 % 44.0 – 46.0 % Dräger Value Added EUR 49.8m EUR 40m – 90m Assumptions for FY 2017 Guidance Downside risk of strong market interruptions caused by rising political
Slide 10: Questions & Answers
Questions & Answers Drager 10 Drager. Technik fiir das Leben®
Slide 11: Appendix
Appendix Drager
Slide 12: Business development Segments
Business development Segments Europa Amerika Afrika, Asien, Australien Dräger Konzern Q1 2016 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Q1 2017 € million € million € million € million € million € million € million € million Order entry 324.0 347.6 115.8 124.7 159.9 167.1 599.6 639.4 Net Sales
Slide 13: Business development Medical
Business development Medical Q1 2016 Q1 2017 Change Change € million € million % % (FX adj.) Order entry 383.5 405.2 5.7 4.2 Europe 186.7 197.9 6.0 6.6 America 76.8 83.7 9.1 4.1 Africa, Asia, Australia 120.0 123.6 3.0 0.7 Net Sales 338.2 336.4 -0.5 -2.3 Europe 172.9 174.7 1.0 1.5 America 69.2 68.9 -
Slide 14: Business development Safety
Business development Safety Q1 2016 Q1 2017 Change Change € million € million % % (FX adj.) Order entry 216.2 234.1 8.3 7.4 Europe 137.3 149.7 9.1 10.5 America 39.0 40.9 5.0 -0.3 Africa, Asia, Australia 39.9 43.5 8.9 4.2 Net Sales 194.2 198.6 2.2 0.9 Europe 126.8 124.1 -2.1 -1.2 America 34.7 38.6 11
Slide 15: Cash-flow statement
Cash-flow statement Q1 2016 Q1 2017 Change € million € million % Group net profit -0.7 -13.6 >-100 Change in inventories -43.8 -19.1 56.3 Change in receivables 113.7 102.4 -10.0 Change in payables -19.1 -46.8 >-100 Depreciation and amortization 20.4 19.7 -3.5 Other operating cash flow items -42.7 -3
Slide 16: Financial calendar 2017
Financial calendar 2017 March 8, 2017 - Accounts press conference, Lübeck - Analysts meeting May 4, 2017 - Report for the first three months 2017 Conference call, Lübeck May 10, 2017 - Annual shareholders' meeting, Lübeck July 27, 2017 - Report for the first six months 2017 Conference call, Lübeck N
Slide 17: Contact
Contact Melanie Kamann Thomas Fischler Corporate Communications Investor Relations Drägerwerk AG & Co. KGaA Drägerwerk AG & Co. KGaA Moislinger Allee 53−55 Moislinger Allee 53−55 23558 Lübeck, Germany 23558 Lübeck, Germany Tel +49 451 882-3998 Tel +49 451 882-2685 Fax +49 451 882-3944 Fax +49 451 88
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