Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — Q3 FY2019/20 Earnings Presentation

13 slides from Heidelberger Druckmaschinen's earnings presentation, February 2020

  1. Slide 1: Pressing ahead with transformation

    Pressing ahead with transformation Heidelberger Druckmaschinen AG Rainer Hundsdörfer, CEO | Robin Karpp, Head of IR | February, 2020

  2. Slide 2: Current trading. Challenging market environment.

    Current trading. Challenging market environment. • Order intake in Germany declines by more than 20 percent in 9m/ FY2020 • Ongoing growth in China – our largest single market – uncertain economic impact of the corona virus • Further measures to increase profitability in progress • Digitization is b

  3. Slide 3: Current trading – preliminary figures confirmed

    Current trading – preliminary figures confirmed. 9m figures still show stable volume – profitability under pressure. 1st time IFRS 16* 9m 9m Δ pY FY 18/19 FY 19/20 • Order intake and sales after 9m at prior-year level Order intake 1,912 1,900 -12 • Ongoing difficult market environment impacts Q3 Sal

  4. Slide 4: Key Financial Highlights. Sales and EBITDA by segment in 9m FY 19/20

    Key Financial Highlights. Sales and EBITDA by segment in 9m FY 19/20. Sales by segment EBITDA* by segment • Heidelberg Digital Technology: € Mio. 1,693 1,690 € Mio. 117 Sales after 9m on previous years’ level. EBITDA* also 1800 120 3 4 3 remained at the prior-year level. Higher development 101 655 6

  5. Slide 5: Key Financial Highlights. Balance sheet

    Key Financial Highlights. Balance sheet. > Assets FY 2019 FY 2019 FY 2020 > Equity and liabilities FY 2019 FY 2019 FY 2020 31-12-2018 31-03-2019 31-12-2019 31-12-2018 31-03-2019 31-12-2019 Figures in mEUR Figures in mEUR Fixed assets 840 846 882 Equity 361 399 328 Current assets 1.337 1.395 1.437 Pr

  6. Slide 6: Outlook Financial Year 19/20 adjusted

    Outlook Financial Year 19/20 adjusted. • Full-year sales slightly below the previous year’s level (2,490 Mrd. EUR) expected • EBITDA-Margin w/o restructuring result between 5.5 – 6 % of sales (prior: between 6.5 – 7 %) • Slightly negative Net result (prior: Balanced Net result) © Heidelberger Druckm

  7. Slide 7: BACKUP

    BACKUP © Heidelberger Druckmaschinen AG 7

  8. Slide 8: IFRS 16

    IFRS 16. Significant effects of the first time application for Heidelberg.* What is IFRS 16? • On-balance accounting for all lease contracts with the lessee • Balance sheet extension due to additional lease assets and lease liabilities Significant effects of the • Increase in EBITDA excluding restru

  9. Slide 9: Order intake – regional split

    Order intake – regional split. Strong China and weakening EMEA. Regional order intake 9m 2019/20 (9m 2018/19) Regional order intake Q3 2019/20 (Q3 2018/19) South America South America North America 2.8% North America 4.0% (3.1%) EMEA (2.5%) EMEA 19.0% 20.1% (16.8%) (18.5%) 38.0% 38.7% € 1,900m (42.7

  10. Slide 10: Current trading. Q3 figures

    Current trading. Q3 figures. 1st time IFRS 16* Q3 Q3 Δ pY FY 18/19 FY 19/20 Order intake 606 636 +30 Sales 579 567 -12 EBITDA excl. restructuring result 39 47 +8 EBIT excl. restructuring result 21 24 +3 Restructuring result -3 -3 Financial result -11 -10 +1 Net result before taxes 7 11 +4 Net result

  11. Slide 11: Our financial framework as of December 31, 2019 (incl. IFRS 16)

    Our financial framework as of December, 31 2019 (incl. IFRS 16). Financing instruments Maturities per calendar year €m 710 36 (5%) 320 (45%) 389 ~55* 52 1 (7%) 273 94 29 (13%) 11 25 320 334 Other | amortizing 150 150 RCF (21%) REL | amortizing EIB | amortizing 59 3 11 3 59** (8%) 11 25 8 1 0 Corpora

  12. Slide 12: Financial calendar 2019/2020

    Financial calendar 2019/2020. February 11, 2020 Publication of Third Quarter Figures 2019/ 2020 June 9, 2020 Press Conference, Annual Analysts’ and Investors’ Conference July 23, 2020 Annual General Meeting Subject to change © Heidelberger Druckmaschinen AG 12

  13. Slide 13: Disclaimer

    Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel

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