Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — HY 2019 Earnings Presentation
14 slides from Rational Aktiengesellschaft's earnings presentation, August 2019
Slide 1: A different kind of inspiration
A different kind of inspiration For the professional kitchens of the world Telephone Conference on the HY 2019 figures
Slide 2: Highlights during Q2 - Management Summary
Highlights during Q2 Management Summary Continuation of successful business performance in HY 2019 › AGM with expansion of the supervisory board (Board representation of founder’s family) › Successful trade shows (e.g. NRA Show in Chicago) › Shipment of the one-millionth combi-steamer › Solid busine
Slide 3: Q2 figures (with constant currencies)
Q2 figures (w/ constant currencies) As Reported Currency neutral Group-wide sales revenue growth +6% +5% Gross margin 59.1% 58.8% EBIT margin 25.1% 25.2% 3
Slide 4: HY figures at a glance
HY figures at a glance (as officially reported) +9% Sales revenue growth Gross EBIT margin 59% 25% margin New employees 72% Equity ratio 99 hired Both product groups with positive development Outlook confirmed 4
Slide 5: Organic growth
Organic growth HY 2019: Sales revenue growth in line with expectations F/X 778 Favorable product mix 702 613 After Sales business 564 497 461 367 399 +15% +6% +8% +14% +9% +15% +11% +11% +9% 2013 2014 2015 2016 2017 2018 HY 2018 HY 2019 Sales revenue in m EUR Sales revenue growth in % 5
Slide 6: Worldwide success
Worldwide success HY 2019: Disproportionately high growth in the overseas markets Germany (+9%) North America 12% (+13%) 19% 46% Europe (+5%) 13% Asia (+12%) (excluding Germany) Latin America 5% (+15%) Sales revenues in % of total Rest of the world 5% Sales revenue growth in % (+14%) 6
Slide 7: Good performance in both product groups
Good performance in both product groups VarioCookingCenter® with strong growth Sales Combi-Steamers Sales VarioCookingCenter® +8% 366 339 +19% 34 28 HY 2018 HY 2019 HY 2018 HY 2019 Sales revenues in m EUR Sales revenue growth in % 7
Slide 8: New Segment Reporting
New Segment Reporting From product segments to regional segments DACH 65 m (25%) EUR AMERICAS EMEA (19%) (27%) 174 m ASIA 93 m EUR (22%) EUR 59 m EUR Segment sales in m EUR Segment profit margin in % 8
Slide 9: EBIT margin performs on previous year's level
EBIT margin performs on previous year‘s level HY 2019: 25% EBIT margin +15% +11% +13% +10% +5% +4% +8% +8% 128 145 160 167 188 205 91 98 m Euro 29% 28% 28% 27% 27% 26% 25% 25% 2013 2014 2015 2016 2017 2018 HY 2018 HY 2019 Change in % EBIT margin in % 9
Slide 10: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity HY 2019 HY 2018 Non-current assets 195 148 Inventories 64 52 Trade receivables 121 119 Other assets 88 81 Liquid funds 121 106 Total assets 589 506 Equity 424 368 Non-current liabilities 38 28 Current provisions 53
Slide 11: Continued investments for growth and efficiency
Continued investments for growth and efficiency Investment in infrastructure, products and processes Scoping of new Logistics center; Factory expansion Wittenheim 50 Modernisation of machinery 43 40 Regional footprint Sales & Services 25 19 19 17 14 12 9 10 8 2014 2015 2016 2017 2018 2019e Cap
Slide 12: Share price development
Share price development Outperforming of various benchmarks 280 260 Basket of benchmarks developed 240 IR work expanded to new levels 220 200 180 160 140 120 100 80 Jan 15 Apr 15 Jul 15 Okt 15 Jan 16 Apr 16 Jul 16 Okt 16 Jan 17 Apr 17 Jul 17 Okt 17 Jan 18 Apr 18 Jul 18 Okt 18 Jan 19 Apr 19 Jul 1
Slide 13: Upcoming events
Upcoming events Financial calendar 2019 08.08.2019 Financial figures HY 2019 04.09.2019 Roadshow Copenhagen (Lampe) 10.09.2019 Conference London (JP Morgan Cazenove) 24.09.2019 Conference Munich (Berenberg) 24.09.2019 Conference Munich (Baader) 17.10.2019 Roadshow Paris (Metzler) 31.10.2019 Financia
Slide 14: RATIONAL
RATIONAL
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