Techtronic Industries Co., Ltd. · HKEX:669

Techtronic Industries — H1 2013 Earnings Presentation

32 slides from Techtronic Industries's earnings presentation, Aug 22, 2013

  1. Slide 1: 2013 1H Interim Results Presentation

    2013 1H Interim Results Presentation August 22, 2013

  2. Slide 2: Frank Chan

    Frank Chan 2

  3. Slide 3: 1H 2013 Results

    1H 2013 Results 3

  4. Slide 4: 2013 1H Results

    2013 1H Results (US$ m) 1H 2012 1H 2013 Change Sales $1,855 $2,042 +10.1% Gross Margin % 33.5% 34.0% +0.5pts EBIT $127 $142 +12.2% % of sales 6.8% 7.0% Net Profit $96 $118 +22.0% % of sales 5.2% 5.8% EPS (cents) 5.69₵ 6.43₵ +13.0% Dividend (HK cents) 6.75₵ 10.00₵ +48.1% 4

  5. Slide 5: 2013 1H Segment Results

    2013 1H Segment Results (US$ m) 1H 2012 1H 2013 Change Segment Power Sales $1,407 $1,519 +7.9% Equip. Op Profit $115 $128 +11.7% % of sales 8.2% 8.4% Floor Care Sales $447 $523 +17.0% Appliance Op Profit $16 $19 +18.2% % of sales 3.6% 4.2% * * 4.2% excludes one time expenses of relocating a portion

  6. Slide 6: 2013 1H Sales by Region

    2013 1H Sales REGION 1H 2012 1H 2013 Change NA $1,340 $1,479 +10.3% EMEA $391 $426 +9.1% ROW $124 $138 +11.2% 6

  7. Slide 7: 2013 1H Income Statement

    2013 1H Income Statement (US$ m) 1H 2012 1H 2013 Change Sales $1,855 $2,042 +10.1% Gross Margin $622 $694 +11.6% % of sales 33.5% 34.0% Selling, Distribution, & Advertising $256 $279 +9.0% Administrative Expenses $205 $227 +11.1% Research & Development $37 $48 +29.0% Total SG&A Expenses $498 $554 +1

  8. Slide 8: 2013 1H Financial Position

    2013 1H Financial Position (US$ m) 1H 2012 1H 2013 Change Non-current Assets $1,413 $1,464 +3.6% Current Assets $2,144 $2,356 +9.9% Current Liabilities $1,617 $1,741 +7.7% Net Current Assets $527 $615 +16.7% Long-term Liabilities $475 $435 -8.4% Equity $1,456 $1,636 +12.4% Interest Coverage (x) 7.2x

  9. Slide 9: Gearing

    2013 1H Gearing 1H 2011 1H 2012 1H 2013 Gearing 66.1% 37.4% 26.2% 9

  10. Slide 10: Key Financial Figures

    2013 1H Key Financial Figures (US$ m) 1H 2012 1H 2013 Change Inventory $752 $818 Days 73 74 +1 day Receivables $659 $788 Days 64 71 +7 days Payables ($705) ($861) Days 69 78 +9 days Net Working Capital $706 $745 % of Sales 18.9% 18.4% -0.5pts Cash Balance $530 $573 +8.2% CAPEX $37 $47 +27.3% 10

  11. Slide 11: Debts with Fixed Maturity Profile

    2013 1H Debts with Fixed Maturity Profile (US$ m) 1H 2012 1H 2013 Change Cash Balance $530 $573 +8.2% Short-term Debt Total 32% $168 38% $197 +17.3% Long-term Debt Total 68% $362 62% $318 -12.1% Total Debt $530 $515 -2.8% Floating Rate 75% $396 82% $420 +6.1% Fixed Rate 25% $134 18% $95 -29.0% 11

  12. Slide 12: Joe Galli

    Joe Galli 12

  13. Slide 13: 2013 1H Results

    2013 1H Results (US$ m) 1H 2012 1H 2013 Change Sales $1,855 $2,042 +10.1% GM % 33.5% 34.0% +0.5pts SG&A % 26.8% 27.1% +0.3pts EBIT $127 $142 +12.2% % of sales 6.8% 7.0% +0.2pts 13

  14. Slide 14: 1H Continuous Improvement

    1H Continuous Improvement 2010 2011 2012 2013 Gross Margin +34.0% +33.5% +32.9% +32.6% EBIT +5.3% +6.4% +6.8% +7.0% 14

  15. Slide 15: 2013 1H Results

    2013 1H Results (US$ m) 1H 2012 1H 2013 Change EBIT $127 $142 +12.2% Net Profit $96 $118 +22.0% EPS (cents) 5.69₵ 6.43₵ +13.0% 15

  16. Slide 16: 2013 1H Sales by Region

    2013 1H Sales REGION 1H 2012 1H 2013 Change NA $1,340 $1,479 +10.3% EMEA $391 $426 +9.1% ROW $124 $138 +11.2% 16

  17. Slide 17: Working Capital Performance

    2013 1H Working Capital Performance (US$ m) 1H 2012 1H 2013 Change Inventory $752 $818 Days 73 74 +1 day Receivables $659 $788 Days 64 71 +7 days Payables ($705) ($861) Days 69 78 +9 days WC % of Sales 18.9% 18.4% -0.5pts 17

  18. Slide 18: Power Tool Market Share

    Power Tool Market Share Region 2011 2012 2013 US Canada EMEA ANZ LA Asia 18

  19. Slide 19: Productivity Progress

    Productivity Progress $2,042 M Sales $1,855M +10.1% 19,248 Headcount 18,521 +3.9% Jun 2012 Jun 2013 19

  20. Slide 20: Slide 20

  21. Slide 21: 21

    21

  22. Slide 22: Slide 22

  23. Slide 23: Outdoor Cordless Products

    ©NE a OUTDOOR CORDLESS PRODUCTS

  24. Slide 24: Outdoor Cordless Products

    ONE figivivonatay OUTDOOR CORDLESS PRODUCTS

  25. Slide 25: Outdoor Cordless Products

    ©NE a OUTDOOR CORDLESS PRODUCTS

  26. Slide 26: TTI Confidential

    TTI Confidential

  27. Slide 27: TTI Confidential

    TTI Confidential

  28. Slide 28: TTI Confidential

    TTI Confidential

  29. Slide 29: TTI Confidential

    TTI Confidential

  30. Slide 30: Hand Tools

    TTI Confidential HAND TOOLS

  31. Slide 31: TTI Confidential

    TTI Confidential

  32. Slide 32: Slide 32

Techtronic Industries Company — H1 2013 Earnings Presentation on 6ix