Kontron Ag · XETR:KTN
Kontron — FY2014 Earnings Presentation
13 slides from Kontron's earnings presentation, Mar 25, 2015
Slide 1: Results Presentation Group Results FY14
“DELIVERING FUTURE” KONTRON RESULTS PRESENTATION GROUP RESULTS FY14 ROLF SCHWIRZ, CEO MICHAEL BOY, CFO 25.03.2015
Slide 2: Results Presentation Agenda
KONTRON RESULTS PRESENTATION 01 02 03 FINANCIAL OPERATIONAL PROFIT & LOSS HIGHLIGHTS FY2014 HIGHLIGHTS FY2014 STATEMENT 04 05 06 OVERVIEW EQUITY BREAKDOWN OF OUTLOOK RATIO & WORKING “NEW KONTRON” KONTRON GUIDANCE CAPITAL BUDGET FOR 2015 // 2
Slide 3: Kontron Achieves Its Guidance for 2014: Financial Highlights FY2014
KONTRON ACHIEVES ITS GUIDANCE FOR 2014 FINANCIAL HIGHLIGHTS FY2014 Order Intake* Backlog Revenue* 440,3 280,0 +44,6 426,2 +30,6 +41,4 (+9,4%) (+15,9%) (+7,2%) 481,7 324,6 456,8 Gross Margin OPEX EBIT 1,0% Adjusted +0,9 ppt 25,5% 109,0 +1,2 1,9% +0,5 ppt (+1,1%) 26,0% 110,2 -6,5% +5,4 ppt Reported -1
Slide 4: Financial Highlights Q4/2014
KONTRON ACHIEVES ITS GUIDANCE FOR 2014 FINANCIAL HIGHLIGHTS Q4/2014 Order Intake Revenue EBIT reported 124,4 113,7 280,0 +15,6 -18,5% -3,2 (-2,6%) (+13,7%) +17,7 ppt 121,2 129,3 324,6 -0,8% Gross Margin OPEX EBIT adjusted 24,8 % +2,7 ppt 28,6 +0,9 -0,8% -0,8 +5,7 ppt 27,5 % (+3,1%) 29,5 4,9% 2013 20
Slide 5: Operational Highlights FY2014
KONTRON ACHIEVES ITS GUIDANCE FOR 2014 OPERATIONAL HIGHLIGHTS FY2014 NEW FOCUS ON APAC GROWTH: • Order intake of 30 Mio. € (+ 25%; FY2013: 24 Mio. € ) • Revenue of 27 Mio. € (+ 23%; FY2013: 22 Mio. € ) STRONG REVENUE AND ORDER INTAKE PERFORMANCE IN EMEA: • Order intake of 268 Mio. € (+ 11%; FY2013:
Slide 6: Profit & Loss Statement
DEVELOPMENT OF KEY FINANCIALS PROFIT & LOSS STATEMENT In Mio. € and % Mio. € / % 2014 2013 Δ Δ adj. Order intake 481.7 446.4 7.9% 9.4% Order backlog 324.6 280.0 15.9% Revenues 456.8 445.3 2.6% 7.2% Gross margin 118.5 113.4 4.5% in % 26.0% 25.5% 0.5ppt Opex 110.2 109.0 1.1% EBIT (adjusted) 8.8 4.6 4.
Slide 7: Revenue & Order Intake Split for Global Business Units
DEVELOPMENT OF KEY FINANCIALS REVENUE & ORDER INTAKE SPLIT FOR GLOBAL BUSINESS UNITS In Mio. € and % Order Intake 2014 2013 Δ Δ* adjusted Industrial 239.2 217.5 10.0% 10.0% Communications 114.4 100.0 14.4% 14.6% Avionics/ Transportation/ 128.1 128.9 (0.6)% 4.2% Defense Total 481.7 446.4 7.9% 9.4% Re
Slide 8: Overview Equity Ratio & Working Capital
DEVELOPMENT OF KEY FINANCIALS OVERVIEW EQUITY RATIO & WORKING CAPITAL Equity ratio (%) Net Working Capital (Mio. €) 70 150 59.9% 124,5 60 55.5% 125 106,1 50 100 40 75 30 50 20 25 10 0 0 31.12.2014 31.12.2013 31.12.2014 31.12.2013 Equity ratio further improved Working capital increased by 18.4 Mio. €
Slide 9: Breakdown of Cost Reduction Program Expenses
DEVELOPMENT OF KEY FINANCIALS BREAKDOWN OF COST REDUCTION PROGRAM EXPENSES In Mio. € 4,5 - 9,5 13,9 30 - 35 11,6 Restructuring Restructuring Restructuring Total Budget CRP 2013 CRP 2014 Budget 2015 Lower cost base (like for like vs. 2012) by 40 Mio. € p.a. from 2016 // 9
Slide 10: Cost Reduction Program: Savings Achieved
DEVELOPMENT OF KEY FINANCIALS COST REDUCTION PROGRAM: SAVINGS ACHIEVED In Mio. € Target: 40,0 40 35 8 30 7 25 5 20 15 10 20 5 0 Direct Indirect Headcount Savings to come Savings of approx. 32 Mio. € achieved as per 2014 // 10
Slide 11: Outlook: Kontron Guidance for 2015
OUTLOOK KONTRON GUIDANCE FOR 2015 Guidance 2015: Revenues: 490 – 510 Mio. € Gross margin: >25% Adjusted EBIT margin: 3-5% Guidance 2016: Revenues by 2016: > 550 Mio. € Gross margin: >25% Adjusted EBIT margin: >6% // 11
Slide 12: Disclaimer
DISCLAIMER This document contains certain statements that related to future business and financial performance and future events or developments in relation to Kontron AG that may constitute forward-looking statements and expectations. Such statements are based on the current expectations and certai
Slide 13: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION www.kontron.com // 13