Slide 1: 2006 Results
2006 Results February 28, 2007 Press Conference - Analyst Meeting
Slide 2: Group Sales (in million Euro)
Group Sales (in million Euro) Total Sales Split per Business Group (2006) +2.8% (+2.8%)* Specialty Products 3,308 3,401 7% +1.5% Q4 913 927 (+3.9%)* +1.0% HealthCare Q3 797 805 (+2.5%)* 43% +1.2% Q2 849 859 (+0.7%)* Graphics +8.1% 50% Q1 749 810 (+4.4%)* 2005 2006 * Excluding currency impact Sales g
Slide 3: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q4 '05 Q4 '06 % change FY '05 FY '06 % change Sales 913 927 1.5% 3,308 3,401 2.8% Gross profit 339 342 0.9% 1,212 1,299 7.2% Gross profit margin 37.2% 36.9% 36.6% 38.2% Sales growth Q4 +3.9% excluding currency effect No currency impact on a full year basi
Slide 4: Raw Materials
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Slide 5: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q4 '05 Q4 '06 % change FY '05 FY '06 % change Gross profit 339 342 0.9% 1,212 1,299 7.2% R&D -48 -50 4.2% -191 -193 1.1% SG&A* -207 -218 5.3% -801 -832 3.9% as a % of sales 22.7% 23.5% 24.2% 24.5% Other operating items* 2 6 -1 -18 Recurring EBITDA** 127 1
Slide 6: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q4 '05 Q4 '06 % change FY '05 FY '06 % change Recurring EBIT* 86 80 -7.0% 219 256 16.9% Restructuring and non-recurring -8 -122 -87 -191 Operating result 78 -42 -153.8% 132 65 -50.8% Non-operating result -15 -15 -25 -64 Profit before taxes 63 -57 107 1 Ta
Slide 7: Agfa Graphics
Agfa Graphics AGFA <>
Slide 8: Graphics: Sales (in million Euro)
Graphics: Sales (in million Euro) Total Sales -1.2% Split per Business Segment (2006) (-0.8%)** Inkjet, Software, 1,733 1,712 Service 14% -4.5% Q4 465 444 (-1.2%)** -3.3% Q3 422 408 (-1.3%)** -2.2% Analog Prepress Q2 446 (-2.5%)** 436 Digital Prepress 28% 58% +6.0% Q1 400 (+2.3%)** 424 2005* 2006 *
Slide 9: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q4 '05** Q4 '06 % change FY '05*** FY '06 % change Sales 465 444 -4.5% 1,733 1,712 -1.2% Recurring EBITDA* 35.8 33.7 -5.9% 141.8 140.6 -0.8% % of sales 7.7% 7.6% 8.2% 8.2% Recurring EBIT* 14.8 17.7 19.6% 61.8 72.6 17.5% % of sales 3.2% 4.0% 3.6% 4.2% * Before
Slide 10: Graphics: Highlights
Graphics: Highlights • Newspapers / Commercial • Nationwide News, Australia’s largest newspaper publisher, goes all digital with Agfa Graphics • Latin America reaches milestone of 100 newspaper CtP installations • Chemistry-free :Azura plate with Thermofuse technology in use by more than 1,000 custo
Slide 11: Agfa HealthCare
Agfa HealthCare AGFA <>
Slide 12: HealthCare: Sales (in million Euro)
HealthCare: Sales (in million Euro) Total Sales +3.3% Split per Business Segment (2006) (+2.8%)** 1,452 Classic 1,405 Radiology 20% +4.4% 425 Q4 407 (+5.5%)** Hardcopy 33% +1.2% Cardio Q3 334 338 3% (+1.9%)** Enterprise +1.7% Solutions Q2 359 365 (+0.8%)** 8% 32% +6.2% Q1 305 (+2.6%)** 324 CR/DR PAC
Slide 13: HealthCare: Service Revenues (as % of Sales)
HealthCare: Service Revenues (as % of Sales) Service Revenues 30.0% 25.2% 23.3% 16.8% 14.0% 10.9% 11.7% 2001 2002 2003 2004 2005 2006 Target Service revenues increase with growing importance of HealthCare IT 13
Slide 14: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q4 '05 Q4 '06 % change FY '05 FY '06 % change Sales 407 425 4.4% 1,405 1,452 3.3% Recurring EBITDA* 88.2 80.3 -9.0% 224.9 239.4 6.4% % of sales 21.7% 18.9% 16.0% 16.5% Recurring EBIT* 70.2 60.3 -14.1% 150.9 161.4 7.0% % of sales 17.3% 14.2% 10.7% 11.1% * Bef
Slide 15: HealthCare: Q4 Highlights
HealthCare: Q4 Highlights • Imaging • Successful launch of entry-level CR 30-X • Dual source agreement with Premier for CR solutions • IT • Faster than planned European roll-out of ORBIS • Several PACS/RIS contracts signed, such as Nuffield Hospital Group and Classic Hospitals • NHS contract still o
Slide 16: Agfa Specialty Products
Agfa Specialty Products AGFA <>
Slide 17: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Q4 '05** Q4 '06 % change FY '05*** FY '06 % change Sales 41 58 41.5% 170 237 39.4% EBITDA* 7.4 5.6 -24.3% 21.0 45.3 115.7% % of sales 18.0% 9.7% 12.4% 19.1% EBIT* 5.4 4.6 -14.0% 14.0 39.3 180.6% % of sales 13.1% 7.9% 8.2% 16.6% * Before restructuring
Slide 18: Balance Sheet: Key Figures (in million Euro)
Balance Sheet: Key Figures (in million Euro) Assets Liabilities 3,982 3,982 3,832 3,832 Non-current 1,561 assets 1,407 Liabilities 2,950 2,889 Current assets 2,129 2,071 Equity 1,032 933 Other 354 assets 292 Dec. 2005 Dec. 2006 Dec. 2005 Dec. 2006 18
Slide 19: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) Inventories Trade Receivables Trade Payables 1000 1000 1000 Target: 100 days Target: 70 days Target: 55 days 900 900 900 885 800 800 854 800 700 700 744 700 600 600 600 624 576 586 500 500 500 400 400 400 400 369 375 300 300 300 200 200 84 86 200 7
Slide 20: Balance Sheet: Key Figures
Balance Sheet: Key Figures Net Financial Debt (in million Euro) Gearing Ratio (%) 66.5% 74.0%75.9% 75.9% 73.8% 75.5% 65.8% 65.1% 56.0% 753 41.4% 726 704 679 17.0% 17.8% Dec. '05 H1 '06 Q3 '06 Dec. '06 Dec. Dec. Dec. Dec. Mar. June Sep. Dec. Mar June Sep. Dec. '01 '02 '03 '04 '05 '05 '05 '05 '06 '06
Slide 21: Cash Flow: Key Figures (in million Euro)
Cash Flow: Key Figures (in million Euro) 143 61* 107 Net operating 100 82 cash flow -6 Free 65 cash flow 37 2 -34 -61* -24 Q4 2005 Q4 2006 2005 2006 * Exceptional due to termination of securitisation 21
Slide 22: Earnings and Dividend per Share (in Eurocent)
Earnings and Dividend per Share (in Eurocent) Earnings per Share Dividend per Share 244 139 25** 60 50 50 50 50 2004 2005 2006 12* 2002 2003 -15* 2002 2003 2004 2005 2006 Proposed -114 * Number of shares used for calculation : 125,603,444 in 2005 and 124,781,170 In 2006 ** Extraordinary dividend lin
Slide 23: Details on Demerger
Details on Demerger AGFA <>
Slide 24: Demerger of Agfa-Gevaert NV
Demerger of Agfa-Gevaert NV • Split in three independent, publicly traded companies • Representing activities of Agfa Graphics, Agfa HealthCare and Agfa Materials • Better positioning to pursue strategic objectives with direct access to capital markets and use of own cash flow • Three companies have
Slide 25: Agfa Graphics
Agfa Graphics • Innovation • Digital plate systems • Enterprise and project software • UV inks and high end industrial inkjet systems Agfa Graphics • Sales: • Market leadership and growth – 2006: 1.7 billion Euro • Increased quality and value – Target 2008: 1.9 billion Euro selling in prepress • Emp
Slide 26: Agfa HealthCare
Agfa HealthCare • Expertise in medical imaging • Conventional and digital imaging • Extension from radiology to other hospital departments • Complete portfolio for managing Agfa HealthCare complex images • Sales: – 2006: 1.5 billion Euro • Hospital IT – Target 2008: 1.7 billion Euro • Link with Imag
Slide 27: Agfa Materials
Agfa Materials • Cost leadership and operational excellence in film manufacturing • Exclusive supply agreements with Agfa Graphics and Agfa HealthCare Agfa Materials • Consolidation of film production volumes • Sales: Target 2008: 700 million Euro (incl. sales to Graphics • Market leader in industri
Slide 28: Questions & Answers
Questions & Answers AGFA <>