Alfa Laval Ab · OMXSTO:ALFA
Alfa Laval Ab — Q2 2013 Earnings Presentation
17 slides from Alfa Laval Ab's earnings presentation, Jul 18, 2013
Slide 1: Report for Q2 2013
18/07/2013 Report for Q2 2013 - Key figures -Orders received and margins -Highlights - Development per segment - Geographical development - Financials Mr. Lars Renström - Outlook President and CEO Alfa Laval Group © Alfa Laval 1
Slide 2: Key figures
18/07/2013 Key figures April – June 2013 Orders received declined 4% to SEK 7,558 million. Net sales dropped 3% to SEK 7,549 million. Adjusted EBITA declined 4% to SEK 1,237 million. Adjusted EBITA margin 16.4% vs 16.5% - Negative currency effect SEK 63 million. January – June 2013 Orders received d
Slide 3: Orders received and order analysis
18/07/2013 Orders received SEK million SEK million R 12 9 000 32 000 8 000 28 000 7 000 24 000 6 000 20 000 5 000 16 000 4 000 12 000 3 000 8 000 +25% 2 000 +1% +32% +3% -37% 1 000 4 000 0 0 Q209 Q309 Q409 Q210 Q310 Q410 Q111 Q212 Q312 Q110 Q211 Q112 Q412 Q213 Q113 Q311 Q411 = Order intake per quart
Slide 4: Adjusted EBITA / margin
18/07/2013 Adjusted EBITA / margin* SEK millions and in percent of sales 1 800 24,0 1 575 21,0 1 350 18,0 1 125 15,0 900 12,0 675 9,0 450 6,0 225 3,0 0 0,0 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 * Adjusted EBITA – ”Earnings before interests, taxes, amortization of goodwill
Slide 5: Highlights in the quarter
18/07/2013 Highlights in the quarter Process Technology Marine & Diesel Alfa Laval Packniox heat exchangers to a Alfa Laval PureSOx systems to MAN petrochemical plant in the Middle East. Diesel & Turbo for two new cruise ships. Value: SEK 85 million Value: SEK 55 million. Acquisition of U.S.-based N
Slide 6: Orders received by customer segment: Equipment division
18/07/2013 Orders received by customer segment April – June 2013, at constant rates and like for like PTD Parts & Service + = Industrial Equipment Process Industry - + OEM - Sanitary Equipment Energy & Environment - = EQD Parts & Service + Marine & Offshore Systems - Marine & Diesel Food Technology
Slide 7: Process Technology division and Marine & Diesel division
18/07/2013 Process Technology division Highlights and sequential comments Food reported growth for base business and large Food Tech. 8%* contracts alike. Brewery and Food Solutions both developed well. Vegetable oil declined somewhat, but still strong activity level in Asia and CEE. ++ Energy & Env
Slide 8: Orders received by customer segment, January–June 2013
18/07/2013 Orders received by customer segment January – June 2013, at constant rates and like for like PTD Parts & Service = = Industrial Equipment = OEM Process Industry - = Sanitary Equipment Energy & Environment - = EQD Parts & Service + Marine & Offshore Systems - Marine & Diesel Food Technolog
Slide 9: Orders received by Region; Highlights Asia
18/07/2013 Orders received by Region April – June 2013, development at constant rates Latin America 7% +7 North America 18% -12 -5 +11 -1 Asia 31% Western Europe 22% +10 Central & Eastern Europe 9% Nordic 11% Year--on- Year on-year comparison © Alfa Laval www.alfalaval.com Highlights Asia April – Ju
Slide 10: Highlights Europe and Americas
18/07/2013 Highlights Europe April – June 2013, at constant rates, sequential comments +7 +29 -12 +10 -5 +4 Western Europe incl. Nordic: Central and Eastern Europe: Positive development for base business Growth explained by a very good base and large orders alike. Parts & Service business developmen
Slide 11: Orders received by Region; Top 10 markets
18/07/2013 Orders received by Region January – June 2013, development at constant rates Latin America 7% -1 North America 20% -11 +1 +1 -8 Asia 31% Western Europe 22% +5 Central & Eastern Europe 8% Nordic 10% Year--on- Year on-year comparison © Alfa Laval www.alfalaval.com Top 10 markets* SEK millio
Slide 12: Financials: Highlights
18/07/2013 Report for Q2 2013 - Key figures - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Thomas Thuresson - Outlook CFO Alfa Laval Group Highlights SEK millions April – June 2013 Order intake 7,558 Net sales 7,549 © Alfa Laval Slide
Slide 13: Gross profit margin and Highlights
18/07/2013 Gross profit margin In percent of sales 50 41.1 39.6 37.9 40 37.0 30 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 © Alfa Laval www.alfalaval.com Highlights SEK millions April – June 2013 Order intake 7,558 Net sales 7,549 Adjusted EBITA 1,237 Adjusted EBITA- EBITA-marg
Slide 14: Cash-flow statement and Foreign exchange
18/07/2013 Cash--flow statement Cash Q2 Q2 1H 1H SEK millions 2013 2012 2013 2012 Cash flow from - operating activities 1,038 640 2,012 1,677 - investing activities - 541 - 803 - 691 - 1,497 Financial net paid - 62 - 39 - 19 - 52 Total 435 -202 1,302 128 Pro Forma Free cash- cash-flow* flow* 876 450
Slide 15: Order backlog and Sales
18/07/2013 Order backlog as per June 30 SEK millions 16 000 15,056 14,892 14 000 5,206 5,101 12 000 10 000 8 000 9,850 9,791 6 000 4 000 1.01 1.03 0.89 1.00 1.10 2 000 Book to bill 0 Q209 Q210 Q211 Q212 Q213 For delivery later than 2013 For delivery in 2013 © Alfa Laval Slide 29 www.alfalaval.com Sa
Slide 16: Outlook for the third quarter
18/07/2013 Report for Q2 2013 - Key figures - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Lars Renström - Outlook President and CEO Alfa Laval Group Outlook for the third quarter “We expect that demand during the third quarter will b
Slide 17: Cautionary statement
18/07/2013 © Alfa Laval Slide 33 www.alfalaval.com Cautionary statement This presentation contains forward-looking statements that are based on the current expectations of the management of Alfa Laval Group. Although management believes that the expectations reflected in such forward- looking statem