Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — H1 2018 Earnings Presentation
16 slides from Exel Composites Oyj's earnings presentation, Jul 24, 2018
Slide 1: Adjusted operating profit continued to increase
ADJUSTED OPERATING PROFIT CONTINUED TO INCREASE Half-year Financial Review January-June 2018 24 July 2018 Exel Composites
Slide 2: Exel Composites in brief
Exel Composites in brief A globally leading composite technology company that designs, manufactures and markets fiber reinforced plastics products and solutions for demanding applications in various segments and markets Industrial Applications: Telecommunication, Paper Customers in over Industry, El
Slide 3: H1 2018 in brief
H1 2018 in brief • Business environment – Wind energy is a high growth segment – Declining volumes in telecommunications • Operations – The acquisitions of Nanjing Jianhui and DSC have significantly supported revenue growth according to our strategy – DSC integration process is progressing according
Slide 4: H1 2018 highlights
H1 2018 highlights Revenue, EUR million Order intake, EUR million 22.4 21.4 19.0 18.3 20.4 19.3 16.4 18.2 23.2 25.3 23.4 25.0 19.7 20.2 17.9 20.3 21.5 18.0 22.5 22.0 Q1-Q4 Q1-Q4 Q1-Q2 Q1-Q4 Q1-Q4 Q1-Q2 2016 2017 2018 2016 2017 2018 Adjusted operating profit, Net cash flow, EUR million EUR million 1.
Slide 5: Key figures H1 2018
Key figures H1 2018 1.1.-30.6. 1.1.-30.6. Change, 1.1.-31.12. EUR thousand 2018 2017 % 2017 Order intake 46,975 45,839 2.5 86,531 1 Order backlog 19,828 19,436 2.0 17,126 Revenue 46,796 43,447 7.7 86,255 Operating profit 2,951 3,144 -6.1 6,081 % of revenue 6.3 7.2 7.1 2 Adjusted operating profit 3,7
Slide 6: Key figures Q2 2018
Key figures Q2 2018 1.4.-30.6. 1.4.-30.6. Change, 1.1.-31.12. EUR thousand 2018 2017 % 2017 Order intake 25,004 23,359 7.0 86,531 1 Order backlog 19,828 19,436 2.0 17,126 Revenue 25,277 23,150 9.2 86,255 Operating profit 1,321 1,488 -11.2 6,081 % of revenue 5.2 6.4 7.1 2 Adjusted operating profit 1,
Slide 7: Continued revenue growth in first half of 2018
Continued revenue growth in first half of 2018 30 30 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2017 2018 Revenue, EUR million Order backlog, EUR million, end of period Exel Composites 7
Slide 8: Volume increase due to acquisitions and improved sales mix
Volume increase due to acquisitions and improved sales mix 1) Volume impact calculated as difference in kilograms of delivered products times prior year average sales price/kg. Exel Composites 8
Slide 9: Nanjing Jianhui and DSC supported revenue growth especially in wind energy
Nanjing Jianhui and DSC supported revenue growth especially in wind energy Revenue by customer segment, Industrial Applications EUR million 30 25 4.8 5.5 20 15 4.9 8.6 10 5 13.4 11.2 Telecommuni- Paper Electrical Machine Transportation 0 cation Industry Industry Industry Industry Q2 2017 Q2 2018 50
Slide 10: DSC acquisition more than doubled revenue growth in Rest of the World
DSC acquisition more than doubled revenue growth in Rest of the World Revenue by market area, EUR million Europe 33.1 32.1 APAC 8.1 Rest of the World 9.1 5.6 2.3 Q1-Q2 2018 Q1-Q2 2017 Exel Composites 10
Slide 11: Adjusted operating profit continued to improve for the 8th consecutive quarter
Adjusted operating profit continued to improve for the 8th consecutive quarter 4 20% 3 2 10% 1 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2015 2016 2017 2018 Adjusted operating profit, EUR million Adjusted operating profit margin, % Operating profit target, % Exel Composites 11
Slide 12: ROCE at 11.4% in H1 2018
ROCE at 11.4% in H1 2018 30% 80 60 20% 40 10% 20 0% 0 2014 2015 2016 2017 Q1-Q2 2018 Capital employed, MEUR ROCE, % Exel Composites 12
Slide 13: We continue executing on our growth strategy
We continue executing on our growth strategy • Acquisitions have significantly contributed to revenue growth Protect and grow our stronghold – Nanjing Jianhui has Build customers Create leadership true exceeded expectations Providing global in China competitive edge – DSC acquisition an efficient an
Slide 14: Your IR contacts
Your IR contacts Riku Kytömäki Mikko Kettunen Noora Koikkalainen President and CEO CFO IR Manager +358 50 511 8288 +358 50 3477 462 +358 50 562 6552 riku.kytomaki@exelcomposites.com mikko.kettunen@exelcomposites.com noora.koikkalainen@exelcomposites.com USA Erlanger www.exelcomposites.com Exel Compo
Slide 15: News highlights at www.exelcomposites.com
News highlights at www.exelcomposites.com Subscribe to Exel Composites news and releases: Follow us on social media: Exel Composites 15
Slide 16: Exel Composites
EXELENCE FOR THE WIN A exer” COMPOSITES Exel Composites