Grammer Ag · XETR:GMM
Grammer — Q3 2008 Earnings Presentation
11 slides from Grammer's earnings presentation, Nov 11, 2008
Slide 1: The Third Quarter January to September 2008
The Third Quarter January to September 2008 November 11, 2008
Slide 2: GRAMMER Group: Divisional Overview
GRAMMER Group: Divisional Overview Grammer Group (Sales 2007: 998.1 EUR m. / EBIT: 32.1 EUR m.) Seating Systems Automotive Product Segments Offroad Headrests Driver seats for offroad commercial vehicles Armrests Truck & Bus Center Consoles Driver seats for trucks and busses Side and trim covers Rail
Slide 3: GRAMMER Group Q1-Q3 2008: P&L Highlights
GRAMMER Group Q1-Q3 2008: P&L Highlights in EUR m. Jan-Sep 08 Jan-Sep 07 Change in % Grammer Group Highlights Revenue 787.4 735.1 7.1% EBITDA 40.6 44.4 -8.6% Continuing sales increase, but lower EBITDA Margin 5.2% 6.0% -0.8%-points growth rate EBIT 23.5 26.9 -12.6% 1-9 08 Group revenue increased by
Slide 4: GRAMMER Group Q3-2008: Balance Sheet and Capex
GRAMMER Group Q3-2008: Balance Sheet and Capex in EUR m. Sep 30, 08 Sep 30, 07 Change in % Grammer Group Highlights Balance Sheet Total 525.2 501.9 4.6% Equity 184.2 180.2 2.2% Increased balance sheet total due Equity Ratio 35% 36% -0.7%-points to higher business and initial Net Debt 109.4 89.5 22.2
Slide 5: GRAMMER Group Q1-Q3 2008: Cash Flow & Employees
GRAMMER Group Q1-Q3 2008: Cash Flow & Employees in EUR m. Sep 30, 08 Sep 30, 07 Change in % Grammer Group Highlights Operative Cash-Flow -5.9 0.0 --- Free Cash-Flow -29.2 -21.4 --- 1-9 08 free cash flow negatively impacted by lower pre-tax result, Employees (30.09.) 9,335 9,470 -1.4% higher working
Slide 6: GRAMMER Q3-2008: Headcount Development
GRAMMER Q3-2008: Headcount Development Grammer Group - Direct Headcount Bridge Q3/2007 – Q3/2008 409 5,774 5,761 237 5,537 -633 (-11%) Sep 30, 2007 Volume Productivity Q3/08 w/o Serbia + Sep 30, 2008 Actual Increase Improvements Serbia + Shanghai Actual Shanghai Group Total Employees* Automotive Tot
Slide 7: Grammer Seating Systems Q1-Q3 2008: Highlights
Grammer Seating Systems Q1-Q3 2008: Highlights in EUR m. Jan-Sep 08 Jan-Sep 07 Change in % Seating Systems Highlights Revenue 304.0 270.0 12.6% EBIT 25.1 17.0 47.6% Continuing positive development in EBIT Margin 8.3% 6.3% 2.0%-points Q3 2008 with higher sales and EBIT Capex 7.4 9.7 -23.7% compared t
Slide 8: Grammer Automotive Q1-Q3 2008: Highlights
Grammer Automotive Q1-Q3 2008: Highlights in EUR m. Jan-Sep 08 Jan-Sep 07 Change in % Automotive Highlights Revenue 500.8 479.9 4.4% EBIT 1.1 11.1 -90.1% YTD sales growth still +4.4% vs. EBIT Margin 0.2% 2.3% -2.1%-points previous year, despite a revenue Capex 13.9 8.6 61.6% drop in the third quarte
Slide 9: Grammer: Outlook 2008
Grammer: Outlook 2008 Due to the financial crises, the weaker economic outlook and the production cut-backs by many car manufacturers we expect a further sales decline in Q4 2008. Automotive Despite the weaker Q4, we are expecting moderate revenue growth for 2008 as a whole, due to the strong perfor
Slide 10: Financial Calendar 2009 & Contact
Financial Calendar 2009 & Contact Financial Calendar 2009 Annual Report 2008: March 31, 2009 Analyst & Press Conference: March 31, 2009 Interim Report Q1-2009: May 12, 2009 AGM 2009 in Amberg: May 28, 2009 Interim Report Q2-2009: August 11, 2009 Interim Report Q3-2009: November 10, 2009 Investor Rel
Slide 11: Disclaimer
Disclaimer This presentation has been prepared by Grammer AG solely for the Investor presentation on November 11, 2008. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by Grammer