Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q3 2018 Earnings Presentation
14 slides from Exel Composites Oyj's earnings presentation, Oct 31, 2018
Slide 1: Business Review January-September 2018
“PROFITABILITY IMPACTED BY THE US ACQUISITION. OUTLOOK REVISED. COST SAVING PROGRAM INITIATED” Business Review January-September 2018 31 October 2018 Exel Composites
Slide 2: Q3 2018 in brief
Q3 2018 in brief • Business environment – Construction & Infrastructure and energy industry showed strong growth – Continued decline in telecommunications business, Chinese market also impacted by geopolitical factors • Operations – Group-wide cost reduction program to improve profitability – EUR 3
Slide 3: Q3 2018 highlights
Q3 2018 highlights Revenue, EUR million Order intake, EUR million 22.4 21.4 19.0 18.3 23.1 19.3 24.7 20.4 16.4 18.2 23.2 25.3 23.4 25.0 19.7 20.2 17.9 20.3 21.5 18.0 22.5 22.0 Q1-Q4 Q1-Q4 Q1-Q3 Q1-Q4 Q1-Q4 Q1-Q3 2016 2017 2018 2016 2017 2018 Adjusted operating profit, Net cash flow, EUR million EUR
Slide 4: Key figures Q1-Q3 2018
Key figures Q1-Q3 2018 1.1.-30.9. 1.1.-30.9. Change, 1.1.-31.12. EUR thousand 2018 2017 % 2017 Order intake 71,649 65,098 10.1 86,531 Order backlog ¹ 21,322 18,197 17.2 17,126 Revenue ² 69,897 63,841 9.5 86,255 Operating profit 3,411 4,693 -27.3 6,081 % of revenue 4.9 7.4 7.1 Adjusted operating prof
Slide 5: Key figures Q3 2018
Key figures Q3 2018 1.7.-30.9. 1.7.-30.9. Change, 1.1.-31.12. EUR thousand 2018 2017 % 2017 Order intake 24,674 19,258 28.1 86,531 Order backlog ¹ 21,322 18,197 17.2 17,126 Revenue ² 23,101 20,394 13.3 86,255 Operating profit 459 1,549 -70.3 6,081 % of revenue 2.0 7.6 7.1 Adjusted operating profit ³
Slide 6: Order intake and revenue continued to grow
Order intake and revenue continued to grow 30 30 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 2018 Revenue, EUR million Order backlog, EUR million, end of period Exel Composites 6
Slide 7: Construction & Infrastructure grew driven by the wind energy
Construction & Infrastructure grew driven by the wind energy Revenue by customer segment, Industrial Applications EUR million 25 20 4.5 3.7 15 5.6 9.8 10 5 11.1 8.8 Telecommuni- Paper Electrical Machine Transportation 0 cation Industry Industry Industry Industry Q3 2017 Q3 2018 80 Construction & Oth
Slide 8: Decline in telecom and operating losses in DSC impacted operating profit
Decline in telecom and operating losses in DSC impacted operating profit Excluding the negative impact by DSC, Group profitability was EUR 1.6 million in Q3 2018 and EUR 5.3 million in Q1-Q3 2018. 4 20% 3 2 10% 1 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 2018 Adjusted operatin
Slide 9: ROCE at 8.7% in Q1-Q3 2018
ROCE at 8.7% in Q1-Q3 2018 30% 80 60 20% 40 10% 20 0% 0 2014 2015 2016 2017 Q1-Q3 2018 Capital employed, MEUR ROCE, % Exel Composites 9
Slide 10: We have increased focus on profitability
We have increased focus on profitability • Group-wide cost reduction program that consists, Protect and grow our stronghold among other things, of: Build customers Create true leadership Providing – Optimization of production in China competitive edge global and best customer footprint footprint in
Slide 11: Outlook for 2018
Outlook for 2018 • Exel Composites expects revenue to increase and adjusted operating profit to decrease in 2018 compared to 2017. Exel Composites 11
Slide 12: News highlights at www.exelcomposites.com
News highlights at www.exelcomposites.com Subscribe to Exel Composites news and releases: Follow us on social media: Exel Composites 12
Slide 13: Your IR contacts
Your IR contacts Riku Kytömäki Mikko Kettunen Noora Koikkalainen President and CEO CFO IR Manager +358 50 511 8288 +358 50 3477 462 +358 50 562 6552 riku.kytomaki@exelcomposites.com mikko.kettunen@exelcomposites.com noora.koikkalainen@exelcomposites.com USA Erlanger www.exelcomposites.com Exel Compo
Slide 14: Exel Composites
EXELENCE FOR THE WIN A exer” COMPOSITES Exel Composites