Ostasiatiske Kompagni A/s · OMXCOP:OKEAC

Ostasiatiske Kompagni A/s — EAC (East Asiatic Company) — H1 2014 Earnings Presentation

14 slides from Ostasiatiske Kompagni A/s's earnings presentation, Aug 21, 2014

  1. Slide 1: H1 2014 Presentation

    H1 2014 PRESENTATION Web-cast – 21 August, 2014, 11.30 am (CET) Presentation available at www.eac.dk 1 VIRKSOMHEDSDAGEN 12 JUNE 2014

  2. Slide 2: Group Highlights H1 2014

    GROUP HIGHLIGHTS H1 2014 Santa Fe is turning the corner • Profitability on track ahead of Q3 peak season • EBITDA of DKK 26m (DKK 22m): 45% growth in local currencies; 118% when disregarding one-offs Group EBITDA improved to DKK 14m (DKK 6m) • Before special items of DKK 3m Full-year outlook maintai

  3. Slide 3: Business Highlights H1 2014

    BUSINESS HIGHLIGHTS H1 2014 • Large corporate tenders won during 2013 positively impact performance • Higher share of value-added services and cost containment propel margins • Indications of rebound in largest single market Australia after years of hardship • New important relocation and moving ser

  4. Slide 4: Relocation Services

    RELOCATION SERVICES Revenue growth in local currencies, unless otherwise stated Service offering DKK 135m (DKK 124m) revenue in H1: 9% growth in DKK, 13% growth in local currencies • Work permits, visa, • Visa & immigration services remain strong drivers immigration, etc. • Area orientation and • EM

  5. Slide 5: Moving Services

    MOVING SERVICES Revenue growth in local currencies, unless otherwise stated Service offering DKK 886m (DKK 960m) revenue in H1: 8% decrease in DKK, 2% decrease in local • Moving of household currencies goods, mainly as part of • Margins continuously under pressure from corporate programs for competi

  6. Slide 6: Records Management

    RECORDS MANAGEMENT Revenue growth in local currencies, unless otherwise stated Service offering DKK 45m (DKK 45m) revenue in H1: Revenue flat in DKK, 6% growth in local currencies • Storing, archiving and • 14% volume growth driven by Greater China and managing files with Indonesia imaging technolog

  7. Slide 7: Increased Confidence in Mobility Growth

    INCREASED CONFIDENCE IN MOBILITY GROWTH First year that expectations outweigh Consulting & professional services actual net growth in assignments industries have most confidence 40 70 Global Mobility Survey 2014 36 35 % 32 % 28 0 24 20 2011 2012 2013 2014 Actual net growth Expected net growth Actual

  8. Slide 8: Expected Growth in Expatriations

    EXPECTED GROWTH IN EXPATRIATIONS Outbound expatriates Growth rates Corporate transferees Private 25 -4,9 3,4 +3.6% South America 21,2 (Brazil) 20 +2.4% 18,4 1,5 3,4 16,7 1,7 3,3 Australia 15 6,1 4,2 Million -0,3 1,1 10 North America 4,4 4 4,7 3 5 EMEA 6,7 4,4 0 -4,6 -8,4 2009 2013 2017 Asia 3,8 -2,6

  9. Slide 9: Encouraging Trends in Low Season

    ENCOURAGING TRENDS IN LOW SEASON Revenue flat in local currencies Relocation Services revenue • Down 6% in DKK due to AUD depreciation 300 Gross margin improved by 3pp 200 DKKm 100 EBITDA grew by 45% in local currencies • 63% growth in DKK and 118% in local 0 currencies excl. one-off income in Q2-20

  10. Slide 10: Management and Organisation

    MANAGEMENT AND ORGANISATION Controlled generational handover • Board committed to profitable growth in Santa Fe and simplification of Group structure • Endeavour requires focused, long-term commitment from executive management • Niels Henrik Jensen and Lars Lykke Iversen both intend to retire in the

  11. Slide 11: Half Year Results

    HALF YEAR RESULTS DKKm H1 2013 H1 2014 Parent Revenue 1,129 1,066 costs DKK 10m EBITDA before special items 6 14 (DKK 15m) Special items, net 0 -3 Operating profit (EBIT) -16 -10 One-offs related to Profit from continuing operations -72 -12 Copen- Profit from discontinued hagen operations (Plumrose)

  12. Slide 12: 2014 Outlook

    2014 OUTLOOK DKKm 2014E Comments 2013 Revenue Unchanged - EMEA: Growth from corporate clients on- 2,355 2,355- boarded 2013-14 and better product mix 2,550 - Asia to benefit from large tenders won and improved results in records management - Australia only to benefit from new business- friendly poli

  13. Slide 13: Questions, Please

    QUESTIONS, PLEASE 13 VIRKSOMHEDSDAGEN H1 2014 Results – 21 August 12 JUNE 2014 2014

  14. Slide 14: Additional Information

    ADDITIONAL INFORMATION Niels Henrik Jensen Shareholders’ Secretariat President & CEO 20, Indiakaj Telephone: +45 3525 4300 DK-2100 Copenhagen Ø Mobile: +45 2023 2188 Telephone: +45 3525 4300 E-mail: nhj@eac.dk E-mail: investorinformation@eac.dk 14 14 VIRKSOMHEDSDAGEN H1 2014 Results – 21 August 12 J

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