Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q1 2018 Earnings Presentation
14 slides from Exel Composites Oyj's earnings presentation, May 9, 2018
Slide 1: Revenue and Adjusted Operating Profit Growth Continued
REVENUE AND ADJUSTED OPERATING PROFIT GROWTH CONTINUED January-March 2018 Business Review Riku Kytömäki, President & CEO 9 May 2018 Exel Composites
Slide 2: Exel Composites in brief
Exel Composites in brief A globally leading composite technology company that designs, manufactures and markets fiber reinforced plastics products and solutions for demanding applications in various segments and markets Industrial Applications: Telecommunication, Paper Customers in over Industry, El
Slide 3: Q1 2018 in brief
Q1 2018 in brief • Business environment – Stable demand and favorable market fundamentals in Europe, Nanjing Jianhui contributed in APAC – Construction & Infrastructure main contributor to revenue growth • Operations – Stable profits in Europe, Nanjing Jianhui contributed significantly in APAC – Ram
Slide 4: Q1 2018 highlights
Q1 2018 highlights Revenue, EUR million Order intake, EUR million 22.4 21.4 19.0 18.3 20.4 19.3 16.4 18.2 23.2 23.4 19.7 20.2 17.9 20.3 21.5 18.0 22.5 22.0 Q1-Q4 Q1-Q4 Q1 2018 Q1-Q4 Q1-Q4 Q1 2018 2016 2017 2016 2017 Adjusted operating profit, Net cash flow, EUR million EUR million 1.3 1.6 2.7 1.2 0.
Slide 5: Key figures Q1 2018
Key figures Q1 2018 1.1.-31.3. 1.1.-31.3. Change, 1.1.-31.12. EUR thousand 2018 2017 % 2017 Order intake 21,972 22,480 -2.3 86,531 1 Order backlog 17,503 18,806 -6.9 17,126 Revenue 21,519 20,296 6.0 86,255 Operating profit 1,630 1,655 -1.5 6,081 % of revenue 7.6 8.2 7.1 2 Adjusted operating profit 1
Slide 6: Continued revenue growth in Q1 2018
Continued revenue growth in Q1 2018 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2016 2017 2018 Revenue, EUR million Order backlog, EUR million, end of period Exel Composites 6
Slide 7: Construction & Infrastructure main contributor to revenue growth
Construction & Infrastructure main contributor to revenue growth Revenue by customer segment, Industrial Applications EUR million 25 20 4.4 4.7 Telecommuni- Paper Electrical Machine Transportation 15 5.6 Industry 4.1 cation Industry Industry Industry 10 Construction & Other 5 11.9 11.3 Infrastructur
Slide 8: Stable profits in Europe and a good contribution from Nanjing Jianhui
Stable profits in Europe and a good contribution from Nanjing Jianhui 4 20% 3 2 10% 1 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2015 2016 2017 2018 Adjusted operating profit, EUR million Adjusted operating profit margin, % Operating profit target, % Exel Composites 8
Slide 9: Exel Composites strategy for 2017-2020
Exel Composites strategy for 2017-2020 Next level growth Protect and grow strong- Build Penetrate Create true Growth in holds leadership in growing / new global new China applications footprint technologies Grow in existing Grow sales to Penetrate mid- Expand Further business local customers se
Slide 10: Entering North America is an essential part of our growth initiatives
Entering North America is an essential part of our growth initiatives Next level growth Protect and grow strong- Build Penetrate Create true Growth in holds leadership in growing / new global new China applications footprint technologies Grow in existing Grow sales to Penetrate mid- Expand Furt
Slide 11: Exel Composites acquires Diversified Structural Composites
Exel Composites acquires Diversified Structural Composites • A composites production company based in Erlanger, Kentucky, USA. • One manufacturing facility using mainly pultrusion technology. • DSC’s product portfolio consists of carbon fiber and glass fiber reinforced composites that are produced p
Slide 12: Acquisition rationale
Acquisition rationale • A significant step in creating true global footprint for Exel Composites – The American market is the second largest composites market globally in terms of value and growth, right after the Asian market – As consequence, Exel Composites will be the only pultrusion company wit
Slide 13: Outlook for 2018
Outlook for 2018 • Exel Composites expects revenue to increase significantly and adjusted operating profit to increase in 2018 compared to 2017. (published 23.4.2018) Exel Composites 13
Slide 14: More information at www.exelcomposites.com
More information at www.exelcomposites.com Financial calendar 2018 • Business Review January - March: 9 May 2018 • Half Year Financial Report January - June: 24 July 2018 • Business Review January - September: 31 October 2018 Your IR contacts Riku Kytömäki Mikko Kettunen Noora Koikkalainen President