Kion Group Ag · XETR:KGX

Kion — Q2 2019 Earnings Presentation

22 slides from Kion's earnings presentation, Jul 25, 2019

Slide 1: KION GROUP AG Q2 2019 Update Call
KION GROUP AG Q2 2019 Update Call Gordon Riske (CEO), Anke Groth (CFO) – Frankfurt, 25 July 2019
Slide 3: H1 2019 Financial Key Figures
H1 2019 Financial Key Figures Strong first half year with continued profitable growth Order intake Revenue Adj. EBIT1 Free cash flow €4.2bn €4.4bn €408m -€32m -2.6% y-o-y +12.6% y-o-y +18.2% y-o-y, -€41m y-o-y Margin of 9.3% (+0.4 pp) 1. Adjusted for PPA items and non-recurring items 3 KION GROUP AG
Slide 4: Q2 2019 Strategic Highlights
Q2 2019 Strategic Highlights Further advancement in KION 2027 strategy KION Group and BMZ to launch joint venture for Expanded automation offering with STILL electric Li-Ion batteries LTX 50 iGo systems 4 KION GROUP AG | Q2 2019 Update Call | 25 July 2019 © 2019 KION GROUP AG. All rights reserved
Slide 6: Industrial Truck Market
Industrial Truck Market Macroeconomic environment weighs on market across all regions Order intake unit growth y-o-y (in %) North America China Q3/18 Q4/18 Q1/19 Q2/19 Western Europe Q3/18 Q4/18 Q1/19 Q2/19 2.9% -9.5% -21.3% -8.5% Q3/18 Q4/18 Q1/19 Q2/19 11.9% 3.2% +11.2% -4.5% 13.4% 4.0% -4.4% -10.
Slide 7: Industrial Truck Market: KION beats market in Q2 2019
Industrial Truck Market KION beats market in Q2 2019 Industrial trucks: Regional development Industrial trucks: Market by region Order intake (in ‘000 units) and growth y-o-y (in %) Order intake FY 2018 (in ‘000 units) H1 2019 Q2 2019 South/ Market KION Market KION Central Other 10% Western Europe -
Slide 9: H1 2019 Key Financials
H1 2019 Key Financials Continued strong growth in revenue and operating income Order intake Revenue Adj. EBIT and margin Net income (in €m) (in €m) (in €m and %) (in €m) -2.6% +12.6% 8.9% 9.3% 4,309 4,197 4,364 3,874 +18.2% 408 +47.7% 345 218 148 H1 2018 H1 2019 H1 2018 H1 2019 H1 2018 H1 2019 H1 20
Slide 10: Q2 2019 Key Financials
Q2 2019 Key Financials Strong quarterly performance Order intake Revenue Adj. EBIT and margin Net income (in €m) (in €m) (in €m and %) (in €m) 9.2% 9.9% -14.2% +12.3% 2,424 2,079 2,031 2,281 +20.5% +57.8% 187 225 79 125 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 − Decline caused
Slide 11: Industrial Trucks & Services
Industrial Trucks & Services Strong performance supported by service business Key financials FX translation effect +1.7% +1.7% H1 Q2 Order intake 3,032 3,084 (in €m) 2019 20191 (in €m) 1,546 1,573 Order intake -7 -2 H1 2018 H1 2019 Q2 2018 Q2 2019 Revenue -8 -4 Revenue +11.7% +13.0% Adjusted EBIT +0
Slide 12: Industrial Trucks & Services: Services growth
Industrial Trucks & Services Services deliver steady growth pattern IT&S new business and services sales development (in €bn and change in % y-o-y) 6.2 5.9 5.6 5.0 5.2 4.6 4.5 4.7 -6.0% +1.7% +9.8% +2.9% +9.3% +6.4%1 +14.2%2 Ø 5.7% avg. +5.0% +7.1% +5.6% +3.4% +7.0% +6.1%1 +5.9%2 services growth FY
Slide 13: Supply Chain Solutions
Supply Chain Solutions Solid order intake considering Q2 2018 record level Key financials FX translation effect -12.7% -42.1% Order intake H1 Q2 1,270 1,109 (in €m) 2019 20191 (in €m) 874 506 Order intake +42 +13 H1 2018 H1 2019 Q2 2018 Q2 2019 Revenue +53 +24 Revenue +15.4% +10.9% Adjusted EBIT +9
Slide 14: Supply Chain Solutions: Continued strong growth
Supply Chain Solutions Continued strong growth in line with market trends Order intake development Eight quarter rolling average order intake1 (in €m) Avg. growth2 +9.8% 565 583 590 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2017 2017 2017 2018 2018 2018 2018 2019 2019 1. Value per quarter is the sum of current qua
Slide 15: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Significant EPS increase driven by operating performance and lower PPA H1 H1 Q2 Q2 (in €m) 2019 2018 Change 2019 2018 Change Explanations Adjusted EBITDA 804 718 12.0% 425 377 12.7% − PPA relates mainly to Dematic D&A -396 -373 -200 -190 Adjusted EBIT 408 345 18.2% 225
Slide 16: Free Cash Flow Statement
Free Cash Flow Statement Free cash flow impacted by net working capital H1 H1 (in €m) 2019 2018 Description Reported EBITDA 799 716 − Lower contract liabilities from Change in Net Working Capital (NWC) -381 -196 SCS business Taxes paid -67 -91 Pension payments -11 -10 Other -19 -32 Rental capex (net
Slide 17: Net Debt
Net Debt Increase in NWC leads to increased net debt and leverage 30 Jun 31 Dec (in €m) 2019 2018 Description Adjusted EBITDA 1,641 1,555 – Increase in net financial debt Adjusted industrial EBITDA1 1,311 1,234 due to increasing net working capital Net financial debt 2,129 1,870 Liabilities from pro
Slide 19: FY 2019 Outlook
FY 2019 Outlook Outlook confirmed KION Group Industrial Trucks & Services Supply Chain Solutions Outlook Outlook Outlook (in €m) FY 2018 FY 2019 FY 2018 FY 2019 FY 2018 FY 2019 Order intake 8,657 8,250 – 8,950 6,211 6,250 – 6,450 2,425 2,000 – 2,500 Revenue 7,996 8,150 – 8,650 5,922 6,050 – 6,250 2,
Slide 20: Financial Calendar
Financial Calendar Date Event 24 October 2019 Quarterly statement for the period ended 30 Sep 2019 (Q3 2019) and analyst call Publication of 2019 annual report (FY 2019) 03 March 2020 Financial statements press conference and analyst call 28 April 2020 Quarterly statement for the period ended 31 Mar
Slide 21: Key Financials
Key Financials Group figures Industrial Trucks & Services Supply Chain Solutions Q2 Q1 FY Q4 Q3 Q2 Q2 Q1 FY Q4 Q3 Q2 Q2 Q1 FY Q4 Q3 Q2 (in €m) 2019 2019 2018 2018 2018 2018 2019 2019 2018 2018 2018 2018 2019 2019 2018 2018 2018 2018 Order intake 2,079 2,118 8,657 2,287 2,060 2,424 1,573 1,510 6,211
Slide 22: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral presentation of the slides by representatives of the Company (or any

Kion Group — Q2 2019 Earnings Presentation on 6ix

Kion — Q2 2019 Earnings Presentation

Slide 1: KION GROUP AG Q2 2019 Update Call

Slide 2: Agenda

Slide 3: H1 2019 Financial Key Figures

Slide 4: Q2 2019 Strategic Highlights

Slide 5: Agenda

Slide 6: Industrial Truck Market

Slide 7: Industrial Truck Market: KION beats market in Q2 2019

Slide 8: Agenda

Slide 9: H1 2019 Key Financials

Slide 10: Q2 2019 Key Financials

Slide 11: Industrial Trucks & Services

Slide 12: Industrial Trucks & Services: Services growth

Slide 13: Supply Chain Solutions

Slide 14: Supply Chain Solutions: Continued strong growth

Slide 15: Adjusted EBITDA to Net Income

Slide 16: Free Cash Flow Statement

Slide 17: Net Debt

Slide 18: Agenda

Slide 19: FY 2019 Outlook

Slide 20: Financial Calendar

Slide 21: Key Financials

Slide 22: Disclaimer