Demant A/s · OMXCOP:DEMANT

Demant A/s — William Demant Holding — H1 2002 Earnings Presentation

8 slides from Demant A/s's earnings presentation, August 2002

  1. Slide 1: First Half 2002 Investor Presentation

    First Half 2002 Investor Presentation August 2002 William Demant Holding A/S 1 First Half 2002 Agenda •Financial results •Market development •New share buy back program •Currency effects •Prospects for the full year 2 1

  2. Slide 2: Financial results and Revenue

    First Half 2002 Financial results 1H02 1H01 Growth Y/Y Full year 2001 Key figures, DKK million Revenue 1,977 1,649 20% 3,506 EBIT 405 319 27% 683 Net profit 284 227 25% 481 Cash flow from operations 291 109 167% 317 Ratios & per share Profit margin 20.5% 19.4% n.a. 19.5% EPS, DKK 3.84 3.05 26% 6.49

  3. Slide 3: Gross profit ratio and Capacity costs

    First Half 2002 Gross profit ratio •Maintained at a high level of 64.1% •Diluted by acquisition of AHAA in 3rd quarter 2001 •Impacted positively by improvements in production efficiency, and •Positive shift in product mix towards more expensive high- end hearing aids •Present level to be maintained

  4. Slide 4: Operating profit, Cash flow and Balance sheet

    First Half 2002 Operating profit and profit margin DKK million 405 364 305 319 280 19.9% 19.6% 19.3% 19.6% 20.5% 1H00 2H00 1H01 2H01 1H02 7 First Half 2002 Cash flow and Balance sheet 1H02 FY2001 1H01 Cash flow, DKK million Cash flow from operations 291 317 109 Free cash flow (ex. acq.) 232 134 38 B

  5. Slide 5: Shareholders' equity and Market development - hearing aids

    First Half 2002 Shareholders’ equity DKK, million 1H02 FY2001 1H01 Shareholders equity 1 Jan 163 200 200 Change in gains/losses on financial contracts 42 7 -35 Exchange adjustments of affiliated companies 57 -30 -31 Write-down of own shares -126 -27 -12 Other adjustments 0 -468 -8 Profit for the per

  6. Slide 6: New product launch and Atlas product concept

    First Half 2002 New product launch •New digital instrument for the standard segment •Fastest growing segment in the industry •Fundamental requirements: •Right price •Good sound •Easy to use •Cosmetically attractive •Reliable •Easy to fit Affordable - Outstanding - Straightforward 11 First Half 2002

  7. Slide 7: New share buyback program and Currency effects

    First Half 2002 New share buyback program •Buyback of own shares since 1 January amounting to DKK 217 million •Holding of own shares now 2.3% of share capital •New authorization to management to buy back further shares at a total amount of up to DKK 300 million Issued # of shares, million 74.7 100%

  8. Slide 8: Prospects for full year

    First Half 2002 Prospects for full year March 2002 Now 2-4% Market 0% ~15-18% Organic growth ~15% ~DKK 4.2bn Revenue ~DKK 4.0bn > DKK 800m EBIT > DKK 800m 19-20% Profit margin 20-21% 15-20% EPS growth > 20% 15 First Half 2002 www.demant.com 16 8

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