Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — Investor Presentation (January 2013)
20 slides from Vossloh Aktiengesellschaft's investor presentation, January 2013
Slide 1: Presentation to Investors
Presentation to Investors January 2013 1
Slide 2: Disclaimer
Disclaimer NB: The presentation contains forward-looking statements that are based on current estimates and assumptions made by the management of Vossloh to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the nonoccurrence or occurrence of which cou
Slide 3: Vossloh Group: Rail technology specialist in leading market positions
Vossloh Group Rail technology specialist in leading market positions Fastening Systems Transportation Systems Vossloh Locomotives Rail Infrastructure Transportation Switch Systems Vossloh Rail Vehicles Rail Services Electrical Systems 3
Slide 4: Fastening Systems
Vossloh Group Vossloh Fastening Systems Sales 2011: €263 million, workforce: 573 A worldwide market leader in rail fastening systems Products used in over 65 countries Exports 80% of total sales Elastic rail fastening systems, screwed, bolted and maintenance-free, for ballast and ballastless tracks
Slide 5: Switch Systems
Vossloh Group Vossloh Switch Systems Sales 2011: €433 million, workforce: 2,273 A worldwide leader in switch and crossing systems 27 production locations in 19 countries Exports more than 85% of total sales Standard, high-speed and specialty (heavy-haul) switches to all international standards Signa
Slide 6: Rail Services
Vossloh Group Vossloh Rail Services Since 2010 part of the Vossloh group Sales 2011: €88 million, workforce: 360 Rail grinding, specifically high-speed grinding (HSG—an innovative high-speed grinding technique as preventive maintenance measure), mobile, semi-stationary and stationary rail welding, r
Slide 7: Transportation Systems, Vossloh Locomotives
Vossloh Group Transportation Systems, Vossloh Locomotives Sales 2011: €124 million, workforce: 468 A leader in the European market for ultramodern diesel-hydraulic and diesel-electric locomotives for shunting and mainline applications Locomotives from 400 to 2700 kW that regularly set new standards
Slide 8: Transportation Systems, Vossloh Rail Vehicles
Vossloh Group Transportation Systems, Vossloh Rail Vehicles Sales 2011: €156 million, workforce: 619 Europe’s leading manufacturer of diesel-electric locomotives Metro and LRV systems State-of-the-art technology and optimum quality typify the whole range of our products Manufacturer of Europe’s most
Slide 9: Electrical Systems
Vossloh Group Vossloh Electrical Systems Sales 2011: €147 million, workforce: 661 Vossloh Kiepe supplies innovative electrical systems for mass transit vehicles as well as traction systems for electric road vehicles and locomotives The product range includes integrated systems for new vehicles, vehi
Slide 10: Order intake healthy, order backlog at record
Vossloh Group, 9 months 2012 Order intake at €945.5 million continuing healthy, order backlog again at a record €1.550.3 million Order backlog, sales and order intake, by business unit € mill. +18.9% 600 +39.7% +11.0% 500 523.8 +9.7% +8.4% +1.2% +8.3% -37.4% -21.3% 440.4 400 424.9 +2.4% -19.9% -0.2%
Slide 11: Sales slightly up, EBIT lower than a year ago
Vossloh Group, 9 months 2012 Sales slightly up, EBIT lower than a year ago Vossloh Group showing upturn in Q3 and record order backlog; sales climbing 5.9%, EBIT surging 28% to €30.1 million Transportation division reporting definite sales rise through the year to date, Rail Infrastructure generatin
Slide 12: Working capital slashed again, capital employed virtually unchanged
Vossloh Group, 9 months 2012 Working capital slashed again, capital employed virtually unchanged Total assets mounting due to higher total of inventories plus tangible and intangible assets Total equity below year-earlier level after stock buyback in H2/2011 Working capital again pruned year-on-year
Slide 13: Freely available cash flow above year-earlier period
Vossloh Group, 9 months 2012 Freely available cash flow above year-earlier period Cash flow analysis (€ million) 1–9/2011 1–9/2012 EBIT 68.2* [67.9] 61.1 Amortization/depreciation/write-down of noncurrent assets (net 28.7 29.8 after write-up) Change in noncurrent accruals (6.7)* [(5.7)] 6.3 Gross ca
Slide 14: Rail Infrastructure, 9 months 2012
Rail Infrastructure, 9 months 2012 Vossloh Switch Systems’ sales up, Vossloh Fastening Systems benefiting from call-offs in China, Vossloh Rail Services weak Sales almost back to year-earlier level, shipments in China resumed in June EBIT and EBIT margin in Q3 returning to year-on-year growth, but 9
Slide 15: Transportation, 9 months 2012
Transportation, 9 months 2012 High order intake in 2011 boost sales, offering growth prospects beyond fiscal 2013 Sales rise borne by both business units, order backlog continuing tall EBIT and EBIT margin, ROCE and value added all above year-earlier level Vossloh Transportation Systems: sales climb
Slide 16: Both divisions incur year-on-year lower capex
Vossloh Group, 9 months 2012 Both divisions incur year-on-year lower capex € million 1–9/2011 1–9/2012 ∆ in % Capital expenditures Amortization/depreciation Group € mill. € mill. Capex 50.3 39.7 -21.1 2,5 2,0 0,4 0,6 35 25 Amort./depreciation 28.3 29.7 +5.0 20,6 9,6 11,6 30 15,6 20 Rail Infrastructu
Slide 17: Sales trend by region: Europe, Asia and Americas
Vossloh Group, 9 months 2012 Business stimulus in Europe from Germany, France, and Poland Growth drivers outside Europe: Asia and Americas Sales trend worldwide Sales trend in Europe € mill. 19,3 23,9 € mill. 900 28,4 13,1 42,5 600 46,8 % % ∆ sales 800 130,6 184,8 1–9/2011 1–9/2012 in % 71,4 146,8 8
Slide 18: Forecast 2012
Vossloh Group, forecast 2012 Targets for 2012 reaffirmed, more growth budgeted for 2013 Forecast supported by the again tall order backlog of over €1.5 billion Rail Infrastructure division: Added growth momentum thanks to ongoing internationalization and improved cost structures to strengthen market
Slide 19: Financial diary and contacts
Financial diary and contacts Financial diary March 21, 2013 Publication of annual report 2012; investors and analysts conference1 April 25, 2013 Publication of interim report as of March 31, 20131 May 29, 2013 Annual general meeting July 25, 2013 Publication of interim report as of June 30, 20131 Oc
Slide 20: Notes
Notes 20 vossioh