Rheinmetall Ag · XETR:RHM
Rheinmetall — Investor Day (November 2015)
14 slides from Rheinmetall's investor day presentation, Nov 25, 2015
Slide 1: Capital Markets Day Vienna - CFO Wheeled Vehicles
R H E I N M E TA L L A G T H E T EC H N O LO GY G RO U P FO R S EC U R I T Y A N D M O B I L I T Y Capital Markets Day | Vienna | November 25, 2015 Michael Wittlinger, CFO Wheeled Vehicles © RHEINMETALL AG 2015
Slide 2: Rheinmetall MAN Military Vehicles (RMMV): Two renowned brands joining forces
Rheinmetall Defence Rheinmetall MAN Military Vehicles (RMMV) Two renowned brands joining forces Military know-how Automotive know-how Protection Mobility Rheinmetall MAN 51% 49% — Developer and producer of world-class military wheeled vehicles — Founded in 2010 as a joint venture of Rheinmetall AG a
Slide 3: RMMV worldwide
Rheinmetall Defence RMMV worldwide Locations Europe Locations worldwide • Germany (Munich, Kassel, Flensburg) • Singapore • Austria (Vienna) • Australia (Melbourne) • Netherlands (Ede) • United Kingdom (Swindon) © RH E I N M ETAL L A G 2 0 1 5 | C A P I TAL M A RK E TS D A Y | M I C H A EL W I T T L
Slide 4: Key figures 2012 - 2015
Rheinmetall Defence Key figures 2012 - 2015 Order intake in EUR million Sales in EUR million EBIT in EUR million 1,450 1,185 >600 667 ~600 524 567 539 -9 On level -12 of 2014 -24 2012 2013 2014 2015e 2012 2013 2014 2015e 2012 2013 2014 2015e © RH E I N M ETAL L A G 2 0 1 5 | C A P I TAL M A RK E TS
Slide 5: Full spectrum provider
Rheinmetall Defence Full spectrum provider Tactical Tactical Logistics Appli- cation Recce Infantry Artillery Signals Medical NBC Recce Motor Transp. Supply Engineer Light Category (10-15t) AMPV Yak Ambulance TGM-mil 4x4 Survivor R Survivor R Survivor R Survivor R TGS-mil HX Recon APC Ambulance NBC
Slide 6: RMMV business units
Rheinmetall Defence RMMV business units Rheinmetall MAN Military Vehicles Headquarters: Munich Tactical Vehicles Logistic Vehicles Sales 2014: ~ EUR 0.3 billion Sales 2014: ~ EUR 0.3 billion Backlog 09/2015: ~ EUR 0.9 billion Backlog 09/2015: ~ EUR 1.4 billion Locations • Kassel Plant (Germany) • Vi
Slide 7: Product portfolio military trucks
Rheinmetall Defence Product portfolio military trucks Characteristics • Standard logistic vehicle Category Design authority MAN for commercial use Commercial trucks for Production RMMV • VIE workbench for MAN civil use Sales responsibility MAN • Long-term commitment from Profitability RMMV Focus wor
Slide 8: Core competencies military trucks
Rheinmetall Defence Core competencies military trucks — Around 80 highly qualified engineers — Definition of systems approach with the customer — Rheinmetall systems house — Strategic relations and partnerships with component manufacturers © RH E I N M ETAL L A G 2 0 1 5 | C A P I TAL M A RK E TS D
Slide 9: History and outlook Vienna plant
Rheinmetall Defence History and outlook Vienna plant — The Vienna plant has always been the plant for complex vehicles within the MAN Group — Military production soared after winning the UK tender in 2005/2006 (vol.: > 7,000 trucks/EUR 1.6 billion) — When negotiations of MAN and Rheinmetall finalize
Slide 10: Restructuring Vienna plant 2013
Rheinmetall Defence Restructuring Vienna plant 2013 — Headcount reduced from more than 750 in 2012 to under 600 employees by end of 2014 — Standard annual capacity utilization reduced from 675,000 production hours to 475,000 production hours — Permanent reduction of roughly EUR 6 million fixed cost
Slide 11: Way ahead truck business
Rheinmetall Defence Way ahead truck business Several military tenders Postponements (RSA), Order entry Land 121 Several European Markets expected in cancellations (CAN) and Australia Frame Contract tenders in preparation a mid-term horizon ongoing negotiations and first order from including Germany,
Slide 12: Two major projects in execution
Rheinmetall Defence Two major projects in execution Truck System Norway and Sweden Frame contract • for a period of up to 12 years for vehicles and up to 30 years for service • signed in March 2014 with Norway and in May 2014 with Sweden First purchase order • out of frame contract includes 335 vehi
Slide 13: Portfolio mix impacts profitability
Rheinmetall Defence Portfolio mix impacts profitability Sales Wheeled Vehicles EBIT Wheeled Vehicles in EUR million in EUR million Reasons for -33 -6 1 earnings development 422 -1 389 -4 Tactical Vehicles • Sales 2014 included high margin business such as German-built Fox 2 for 218 -24% Algeria and
Slide 14: Targets of the division Wheeled Vehicles
Rheinmetall Defence Targets of the division Wheeled Vehicles Aftersales business for major projects Phase-out Boxer Netherlands (low-margin project) Ramp up of production in Vienna leads to improved utilization Higher sales from NBC Fox Kuwait, Fox 6th batch GER and Boxer 2nd batch GER Better portfo