Slide 1: Analyst / Investor Conference Call Q2 2012 Results
Analyst / Investor Conference Call Q2 2012 Results July 11, 2012 12:00 p.m. CEST Uwe Röhrhoff, CEO Jürgen Wiecha, CFO
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development
Slide 3: Agenda
Agenda Review Q2 2012 and Guidance FY 2012 Uwe Röhrhoff, CEO Financial Overview Q2 2012 Jürgen Wiecha, CFO Appendix 3
Slide 4: Q2 2012: Strong top and bottom line growth
Q2 2012: Strong top and bottom line growth Key group figures in EUR m, EPS in EUR Revenues adjusted EBITDA FXN: + 8.1% adjusted EBITDA Margin + 10.3% + 4.3% 19.8% 18.7% EPS Net Financial Debt + 5.7% + 34.2% 4
Slide 5: Q2 2012: Another quarter with broad-based revenue growth
Q2 2012: Another quarter with broad-based revenue growth Tubular Glass: Strong order book, Q2 revenue growth limited due to scheduled furnace repair Margin improved quarter-on-quarter: First steps achieved in the reduction of quality costs Plastic Systems: Double-digit organic revenue grow
Slide 6: Uplift of FY 2012 guidance
Uplift of FY 2012 guidance FY 2011 Original Guidance Updated Guidance3 Updated Guidance3 as reported FY 2012 FY 2012 FY 2012 as of Feb. 8, 2012 as of Apr. 12, 2012 as of July 11, 2012 + 5% to 6% at const. FX + 7% to 8% at const. FX + 9% to 10% at const. FX Revenues EUR 1,094.7m1 + 7% to 8% nominal2
Slide 7: EUR 20m additional capex in 2012 to fuel new growth projects
EUR 20m additional capex in 2012 to fuel new growth projects Technology upgrade of India-based Neutral Glass plant (MG division) in 2012/2013 Tap full potential of fast-growing Indian market Establish supply of pharmerging countries Transfer of US production to India to supply Indian customers
Slide 8: Agenda
Agenda Review Q2 2012 and Guidance FY 2012 Uwe Röhrhoff, CEO Financial Overview Q2 2012 Jürgen Wiecha, CFO Appendix 8
Slide 9: Q2 2012 P&L Overview
Q2 2012 P&L Overview Q2 2012 Q2 2011 Change EUR m EUR m in % Revenues 314.0 284.5 +10.3 Adjusted EBITDA1 58.6 56.3 +4.3 EBITA 37.1 35.1 +5.7 Profit before interest and taxes (EBIT) 32.9 30.4 +8.2 Financial result -7.7 -13.3 +42.1 Profit before taxes 25.2 17.1 +47.4 Net income 17.4 13.3 +30.8 EPS in
Slide 10: Q2 2012: Revenues by division
Q2 2012: Revenues by division Q2 2012 Change Change in % at EUR m in % const. FX Total Group 314.0 +10.3 +8.1 Tubular Glass 87.7 +7.2 +2.3 Plastic Systems 111.7 +14.0 +15.6 Moulded Glass 91.6 +7.5 +5.5 Life Science Research 26.6 +13.3 +3.4 10
Slide 11: Q2 2012: Adjusted EBITDA and margin by division
Q2 2012: Adjusted EBITDA1 and margin by division Q2 2012 Q2 2011 Change Margin Margin EUR m in % in % in % Total Group 58.6 +4.3 18.7 19.8 Tubular Glass 16.5 -2.7 18.8 20.7 Plastic Systems 25.3 +8.1 22.7 23.9 Moulded Glass 18.2 +0.7 19.9 21.2 Life Science Research 3.5 +15.4 12.9 12.7 1 Earnings befo
Slide 12: Key balance sheet figures
Key balance sheet figures May 31, 2012 May 31, 2011 Change EUR m EUR m in % Equity 548.4 536.5 +2.2 Equity ratio in % 35.8 36.4 Net Working Capital1 207.2 171.6 +20.7 in % of LTM revenues 17.9 16.3 Net Financial Debt2 427.6 404.6 +5.7 Adj. EBITDA Leverage 1.9 1.9 unchanged Q2 2012 Q2 2011 Change EUR
Slide 13: Long-term financing structure with ample financial leeway
Long-term financing structure with ample financial leeway Comparison of debt/cash positions in EUR m Net Financial Debt 404.6 427.6 Interest rate (due date): Bond 300.0 300.0 Fixed coupon at 5.0% (2018) Interest rate hedged at 3.26% Long-term bank debt 144.3 142.2 (2016) Revolving bank debt 0.0 Loca
Slide 14: Financial Calendar
Financial Calendar October 4, 2012 Interim Report 3rd Quarter 2012 February 14, 2013 Annual Report 2012 April 10, 2013 Interim Report 1st Quarter 2013 April 18, 2013 Annual General Meeting 2013 July 10, 2013 Interim Report 2nd Quarter 2013 October 2, 2013 Interim Report 3rd Quarter 2013
Slide 15: Investor Relations & Creditor Relations contact details
Investor Relations & Creditor Relations contact details Phone +49 211 6181-257 Fax +49 211 6181-121 E-mail gerresheimer.ir@gerresheimer.com IR website www.gerresheimer.com/ir 15
Slide 16: Agenda
Agenda Review Q2 2012 and Guidance FY 2012 Uwe Röhrhoff, CEO Financial Overview Q2 2012 Jürgen Wiecha, CFO Appendix 16
Slide 17: Second quarter reconciliation from adjusted EBITDA to net income
Second quarter reconciliation from adjusted EBITDA to net income Q2 2012 Q2 2011 EUR m EUR m Adjusted EBITDA 58.6 56.3 One-off income/expense -0.6 -1.3 EBITDA 58.0 55.0 Amortization of fair value adjustments 4.2 4.7 Depreciation and amortization 20.9 19.9 Profit before interest and taxes (EBIT) 32.9
Slide 18: Q1-Q2 2012 P&L Overview
Q1-Q2 2012 P&L Overview Q1-Q2 2012 Q1-Q2 2011 Change EUR m EUR m in % Revenues 582.8 521.2 +11.8 Adjusted EBITDA1 102.9 98.0 +5.0 EBITA 59.0 56.5 +4.4 Profit before interest and taxes (EBIT) 50.3 47.1 +6.8 Financial result -15.2 -20.2 +24.8 Profit before taxes 35.1 26.9 +30.5 Net income 24.2 20.3 +1
Slide 19: Q1-Q2 2012: Revenues by division
Q1-Q2 2012: Revenues by division Q1-Q2 2012 Change Change in % at EUR m in % const. FX Total Group 582.8 +11.8 +10.5 Tubular Glass 161.4 +8.6 +5.4 Plastic Systems 203.3 +19.6 +21.0 Moulded Glass 175.6 +6.1 +4.9 Life Science Research 49.6 +10.9 +4.8 19
Slide 20: Q1-Q2 2012: Adjusted EBITDA and margin by division
Q1-Q2 2012: Adjusted EBITDA1 and margin by division Q1-Q2 2012 Q1-Q2 2011 Change Margin Margin EUR m in % in % in % Total Group 102.9 +5.0 17.7 18.8 Tubular Glass 29.7 -3.4 18.4 20.7 Plastic Systems 42.8 +13.1 21.1 22.3 Moulded Glass 34.6 +1.1 19.7 20.7 Life Science Research 6.0 +15.1 12.0 11.6 1 Ea
Slide 21: First half reconciliation from adjusted EBITDA to net income
First half reconciliation from adjusted EBITDA to net income Q1-Q2 2012 Q1-Q2 2011 EUR m EUR m Adjusted EBITDA 102.9 98.0 One-off income/expense -3.2 -1.4 EBITDA 99.7 96.6 Amortization of fair value adjustments 8.7 9.4 Depreciation and amortization 40.7 40.1 Profit before interest and taxes (EBIT) 5