Hms Networks Ab · OMXSTO:HMS
Hms Networks Ab — Q1 2019 Earnings Presentation
18 slides from Hms Networks Ab's earnings presentation, Apr 25, 2019
Slide 1: HMS Networks – Q1 report 2019
HMS Networks – Q1 report 2019 April 25th, 2019 Staffan Dahlström, CEO, Joakim Nideborn, CFO
Slide 2: Agenda
Agenda Summary Business update Financial results Q&A
Slide 3: Summary Q1 and last 12 months
Summary Q71 and last 12 months First quarter O Net sales for the first quarter reached SEK 380 m (320), corresponding to an in- crease of 19 %. Currency translations had a positive effect of SEK 25 m on net sales © Operating profit reached SEK 60 m (63) equal to a 16 % (20) operating margin O Order
Slide 4: HMS Financial targets – 20/20/50
HMS Financial targets – 20/20/50 HMS sales development 2009-2018 HMS Financial targets Target Actual 2009-2018 Sales 1 366 growth 20% 21% 1 183 (CAGR) +21% 952 EBIT 20% 18% 702 (% margin) 589 501 384 382 345 245 Dividend 50% 46% (% of EPS) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Slide 5: Agenda
Agenda Summary Business update Financial results Q&A
Slide 6: Business update first quarter 2019
Business update first quarter 2019 • Americas continues to be our main growth area with another record quarter in sales driven by a strong order intake in Q4 2018 • In Europe, particularly Germany, the automotive sector is still slow which is also effecting several suppliers to the automotive indust
Slide 7: New technology in Q1 2019
New technology in Q1 2019 • New technology • HMS HUB, which is the joint cloud solution from Beck IPC and HMS was launched at Hannover Messe • HMS 5G concept demonstrated together with Ericsson and ABB at Mobile World Congress • Two new sales offices opened, in Dubai and South Korea • Acquired 74.9%
Slide 8: HMS Hub - From Device to Enterprise
HMS Hub™ - From Device to Enterprise Hub Portal & Hub Solution Partner Software Application (SaaS) and Connectors Dashboards, Analytics, Cloud connections Machine Learning, predicative maintenance, Digital Twin, etc. And more… Security & Device Management Edge Connectivity (CaaS) Edge Intelligence I
Slide 9: WEBfactory plug-in perfectly with HMS IIoT view
WEBfactory plug-in perfectly with HMS IIoT view
Slide 10: Agenda
Agenda Summary Business update Financial results Q&A
Slide 11: Order intake of 387 MSEK
Order intake of 387 MSEK Order intake, MSEK Comments on order intake +11% 400 387 387 360 • Group order intake +11% 350 350 328 336 • Organic growth in local 299 currencies +2% 300 289 288 250 • Adjusted for one-off order in Q1 2018 of 22 MSEK organic 200 growth in local currencies is 9% 150 • Good
Slide 12: Net Sales reached all time high of 380 MSEK
Net Sales reached all time high of 380 MSEK Net Sales, MSEK Comments on Net Sales +19% 400 • Sales growth of +19% 380 363 353 350 • Organic growth in local 329 320 currencies +4% 299 305 301 300 279 • EMEA: +21% (excl acquisitions 250 +10%) – solid market outside automotive 200 • Americas: +42% stro
Slide 13: EBIT margin of 16% in the first quarter
EBIT margin of 16% in the first quarter EBIT per quarter, MSEK Comments on EBIT -5% 80 74 • EBIT of 60 MSEK, (63 MSEK) 70 corresponding to 16% margin 65 63 63 59 60 60 57 • Q1 gross margin of 59.3% 52 (61.8%), main reason is the low 50 gross margin in Beck 40 • Price increases and 30 31 WEBfactory a
Slide 14: EPS of 0.88 SEK
EPS of 0.88 SEK EPS per quarter, SEK Comments on EPS +10% 1.09 1.1 • EPS of 0.88 SEK (0.80) 1.0 0.90 0.90 0.90 • Net financials of -4 MSEK (-11) 0.9 0.86 0.86 0.88 0.80 0.8 0.7 0.6 0.5 0.43 0.4 0.3 0.2 0.1 0.0 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418 Q119
Slide 15: Cash flow from operating activities, 52 MSEK
Cash flow from operating activities, 52 MSEK Cash flow from operations per quarter, MSEK Comments on cash flow +160% 80 73 • Cash flow from operating 70 activities after changes in NWC 62 52 MSEK 60 57 53 52 • NWC is 8.7% of net sales 51 50 49 (March closing) and 8.1% of net sales (average LTM) 40 3
Slide 16: Net debt/EBITDA at 1.33
Net debt/EBITDA at 1.33 Comments on net debt Net debt and leverage, MSEK and leverage +22% 450 1.8 409 • Net debt/EBITDA of 1.33 400 381 379 381 1.6 (1.26) 365 350 335 342 98 1.4 319 • Net debt/Equity: 0.45 (0.40) 304 300 1.2 • IFRS 16 impact on net debt 250 1.0 +98 MSEK 200 0.8 • Comparable (excl.
Slide 17: Agenda
Agenda Summary Business update Financial results Q&A
Slide 18: Q&A
Q&A ?