Slide 1: ANDRITZ GROUP: Results for Q1 2015
ANDRITZ GROUP: Results for Q1 2015 May 6, 2015
Slide 2: Group sales: Strong increase in all business areas
Group sales Strong increase in all business areas GROUP SALES (MEUR) SALES by business area Q1 2015 vs. Q1 2014 (MEUR) Q1 2015 Q1 2014 +/- +15% HYDRO 408 363 +12% PULP & PAPER 480 400 +20% METALS 377 333 +13% 1,404 Schuler: +9% SEPARATION 139 124 +12% 1,220 SALES by region Q1 2015 vs. Q1 2014 (%) Q1
Slide 3: Group order intake at satisfactory level, below very high level of Q1 2014
Group order intake at satisfactory level, however below the very high level of Q1 2014 GROUP ORDER INTAKE (MEUR) ORDER INTAKE by business area Q1 2015 vs. Q1 2014 (MEUR) Q1 2015 Q1 2014 +/- -18% HYDRO 447 523 -15% 1,742 PULP & PAPER 463 655 -29% Schuler: -18% METALS 385 420 -8% SEPARATION 136 144 -5
Slide 4: Order backlog: Solid workload in all business areas
Order backlog Solid workload in all business areas GROUP ORDER BACKLOG ORDER BACKLOG by business area Q1 2015 vs. Q1 2014 (as of end of period in MEUR) (as of end of period; MEUR) Q1 2015 Q1 2014 +/- HYDRO 3,857 3,759 +3% +1% PULP & PAPER 1,920 2,096 -8% Schuler: ~1,067 MEUR +4% METALS 1,623 1,509 +
Slide 5: Earnings and profitability improved from low level in Q1 14; FX-forward valuation impact
Earnings and profitability improved from low level in Q1 14; Impact from valuation of FX-forward contracts Decrease of EUR vs. USD led to temporary exchange rate differences from negative market values from the valuation of FX-forward contracts (concluded to hedge non-euro contracts) in the amount o
Slide 6: Key figures Q1 2015 at a glance
Key figures Q1 2015 at a glance Unit Q1 2015 Q1 2014 +/- 2014 Order intake MEUR 1,430.6 1,742.2 -17.9% 6,101.0 Order backlog (as of end of period) MEUR 7,785.6 7,734.7 +0.7% 7,510.6 Sales MEUR 1,404.3 1,219.5 +15.2% 5,859.3 EBITDA MEUR 96.1 69.5 +38.3% 472.0 EBITA MEUR 73.4 48.6 +51.0% 379.5 EBIT ME
Slide 7: HYDRO (1): Solid project activity
HYDRO (1) Solid project activity MODERNIZATIONS/REHABILITATIONS Solid, but rather slow project activity in Europe and North America NEW HYDROPOWER PLANTS Some projects in emerging markets in implementation or planning phase (particularly in South America and Africa) PUMPS Good project activity COMPE
Slide 8: HYDRO (2): Earnings impacted by execution of some lower margin projects
HYDRO (2) Earnings impacted by execution of some lower margin projects HYDRO Unit Q1 2015 Q1 2014 +/- 2014 Order intake below Order intake MEUR 447.0 523.3 -14.6% 1,816.7 high level of last year Order backlog (as of end of period) MEUR 3,857.1 3,759.0 +2.6% 3,708.6 Significant increase Sales MEUR 40
Slide 9: PULP & PAPER (1): Solid project and investment activity
PULP & PAPER (1) Solid project and investment activity MODERNIZATIONS/GREENFIELD Solid project and investment activity for modernizations/refurbishments and for new greenfield pulp mills BIOMASS/RECOVERY BOILERS Good investment activity TISSUE Good demand, especially in China COMPETITION Unchanged c
Slide 10: PULP & PAPER (2): Significant improvement in earnings and profitability
PULP & PAPER (2) Significant improvement in earnings and profitability PULP & PAPER Unit Q1 2015 Q1 2014 +/- 2014 Order intake below high reference figure of last year which included a Order intake MEUR 462.4 654.8 -29.4% 1,995.7 large greenfield order Order backlog (as of end of period) MEUR 1,920.
Slide 11: METALS (1): Good project activity in metalforming and aluminum
METALS (1) Good project activity in metalforming and aluminum METALFORMING Good project activity, but no larger orders were awarded during reporting period STAINLESS STEEL Unchanged low project activity, however some selective investments in emerging markets ALUMINUM Good project activity COMPETITIO
Slide 12: METALS (2): Satisfactory business development
METALS (2) Satisfactory business development METALS Unit Q1 2015 Q1 2014 +/- 2014 Order intake reached a solid level; Order intake of Schuler as expected Order intake MEUR 384.9 420.1 -8.4% 1,692.8 below Q1 2014 Order backlog (as of end of period) MEUR 1,622.6 1,509.2 +7.5% 1,566.1 Significant incre
Slide 13: SEPARATION (1): Mixed development of markets
SEPARATION (1) Mixed development of markets ENVIRONMENT AND FOOD Good investment activity MINING AND MINERALS Unchanged low project activity CHEMICALS Solid project activity FEED AND BIOMASS PELLETING Unchanged good project activity 13 Results for the first quarter of 2015 – May 6, 2015
Slide 14: SEPARATION (2): Earnings and margin still at unsatisfactory levels
SEPARATION (2) Earnings and margin still at unsatisfactory levels SEPARATION Unit Q1 2015 Q1 2014 +/- 2014 Order intake MEUR 136.3 144.0 -5.3% 595.8 Decline in order intake; sales increase compared Order backlog (as of end of period) MEUR 385.6 370.8 +4.0% 360.5 to low level of last year Sales MEUR
Slide 15: Outlook 2015: slight sales increase and earnings improvement targeted
Outlook 2015: slight sales increase and earnings improvement targeted HYDRO Project activity for modernizations and new hydropower stations to stable + continue at current level; satisfactory market activity for pumps to continue PULP & PAPER Solid project activity for modernizations/capacity increa