Jungheinrich AG · XETR:JUN3
Jungheinrich — Q1 2017 Earnings Presentation
32 slides from Jungheinrich's earnings presentation, May 3, 2017
Slide 1: Investor Relations Presentation Q1 2017
Investor Relations Presentation Q1 2017 Hamburg, May 3, 2017
Slide 2: Content
Content 1. Jungheinrich at a Glance 2. World Material Handling Equipment Market 3. Business Model 4. Current Business Trend 5. Strategic Issues and Outlook
Slide 3: Jungheinrich at a Glance
1 Jungheinrich at a Glance Jungheinrich had a successful year in 2016
Slide 4: Jungheinrich at a Glance
Jungheinrich at a Glance Leading Independent intralogistics service No. 2 Single- Focus on brand family-owned & solution provider in the sector with manufacturing direct sales strategy company in Europe operations Incoming orders: EBIT: Key figures in €3,220 million, +14% €235 million, +10% 2016
Slide 5: Why Jungheinrich?
Why Jungheinrich? Globale customers in attractive growth industries Integrated business model with high service share Strong market position in materials handling equipment: no. 2 in Europe Clear corporate strategy geared to sustainable, profitable growth Financial independence due to sound balance
Slide 6: The Jungheinrich Business Model
The Jungheinrich Business Model Investor Relations Presentation May 3, 2017 6
Slide 7: World Material Handling Equipment Market
2 World Material Handling Equipment Market Jungheinrich is the Sector‘s No. 2 in Europe
Slide 8: World Material Handling Equipment Market—Market Volume
World Material Handling Equipment Market—Market Volume Incoming orders in thousand units Europe +13% 421 Worldwide +8% 373 +2% 1,182 411 +7% +24% Asia +7% 444 1,100 -7% 414 +67% 266 North America +2% 241 951 +7% 235 +26% 191 2007 2015 2016 2016 2007 2015 2016 2007 Source: WITS, SIMHEM. Investor Rela
Slide 9: Breakdown of Volume by Region
World Material Handling Equipment Market Breakdown of Volume by Region 2007 = 951 thousand units +24% 2016 = 1,182 thousand units Asia Asia 28% Europe 38% Europe 36% 43% thereof China 12% thereof China 23% North America thereof 5% North 8% 20% Eastern Europe America 9% 6% 20% thereof Eastern Europe
Slide 10: Breakdown of Volume by Product Segment
World Material Handling Equipment Market Breakdown of Volume by Product Segment Europe Worldwide 2016: 1,182 thousand units 16% (28%) (2007: 951 thousand units) 65% 19% (52%) (20%) 45% 38% Asia The trend towards 25% warehousing (18%) 58% equipment 2007 (66%) continued across 17% (16%) (37%) (45%) al
Slide 11: Market Structure Comparison by Product Segment
World Material Handling Equipment Market Market Structure Comparison Broken Down by Product Segment in 2016 (2007) Europe China 16% 19% 65% 12% 69% 19% 2007 (9%) (28%) (12%) (52%) (79%) (20%) 2007 Europe and China: Trend towards warehousing equipment = future growth potential for Jungheinrich Wareho
Slide 12: World League Ranking
World League Ranking 2015 (2014) Net Sales in € billion Ranking in Europe 7.5 (6.6) Jungheinrich is the sector’s 5.1 No. 2 behind Kion, (4.7) but in front of Toyota 2.8 2.4 2.3 (2.5) (1.9) (2.1) Linde Still Toyota Fenwick Raymond OM Still Hyster BT Industries Baoli Crown Yale Cesab Voltas Hamech Uti
Slide 13: Business Model
3 Business Model Jungheinrich is far more than just a Forklift Manufacturer
Slide 14: The Business Field 'Intralogistics'
The Business Field ‚Intralogistics‘ New truck Development, production and sale of new forklifts including business logistics systems and mail-order business, focus on direct sales Short-term Hire periods: generally 1 day to 24 months Targeted degree of capacity utilization 70% to 80% hire Ø-
Slide 15: Divisions: Logistics Systems Business and Mail-Order Business
Divisions: Logistics Systems Business and Mail-Order Business Net Sales in 2016 New truck business Net sales €1,763 million Logistics Systems €441 million System Project Racking trucks business €68 million Mail-order Development of net sales business in € million 68 57 50 +19% 42 +14% +19% 2013 2014
Slide 16: The Variety of our Solutions
The Variety of our Solutions Material flow Maintenance analysis Planning and & service project design Realization and Forklift trucks system (automated) integration Racking and Assistance systems CUSTOMER storage equipment Shuttle Radio data systems Jungheinrich Conveyor Stacker cranes WMS systems I
Slide 17: Digital Solutions
Digital Solutions Indoor Positioning ISM Online StartSafe TruckFinder New modules: Battery management module SpeedZoning Maintanance control module ZoneGuard Access control module RouteOptimizer >60,000 trucks in ISM Online, Call4Service available in 20 European countries. Investor Relations Present
Slide 18: Customer Structure by Sector
Customer Structure by Sector 13% Retail and wholesale (incl. food distribution) 12% Logistics 45% Mechanical, automotive and electrical engineering CUSTOMER Food industry (Production) 8% Chemical industry 4% Timber, paper and print industries 2% 16% Other industry sectors Based on incoming orders in
Slide 19: Financial Services Principles and Objectives
Financial Services Principles and Objectives Service function for Jungheinrich sales division Business Substantial financial services profits are stated in sales division policy New truck business/after-sales services/used equipment Promotion and expansion of new truck business and after-sal
Slide 20: Current Business Trend Q1 2017
4 Current Business Trend Q1 2017
Slide 21: Highlights of the Material Handling Equipment Market Q1 2017
Highlights of the Material Handling Equipment Market Q1 2017 ■ The world material handling equipment market expanded by 20%, with China as the driving force (+46%). ■ Significant increase in demand witnessed in Russia. ■ The warehousing equipment product segment posted 18% global growth—primarily th
Slide 22: Highlights Jungheinrich Q1 2017
Highlights Jungheinrich Q1 2017 ■ Incoming orders posted double-digit growth (in terms of both units and value) ■ The rise in demand for logistic system solutions accounted for some 30% of the increase in the value of incoming orders ■ Production totalled 29.1 thousand units, surpassing the year-ear
Slide 23: World Market Jan. to March 2017: Growth Rates by Region
World Material Handling Equipment Market, Jan. to March 2017 Growth Rates by Region World markt in thousand units Europe +15% 350.0 292.8 Western Europe +11% Q1 2016 Q1 2017 Eastern Europe thereof Russia +86% +43% Asia +33% thereof China +46% +3% North +7% +8% America +6% World +20% Source: WITS, SI
Slide 24: Current Business Trend Q1 2017
Current Business Trend Q1 2017 Incoming orders, in € million Incoming orders, in thousand units +15% 869 +13% 31.0 755 27.5 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Net sales, in € million Production, in thousand units +19% 791 +21% 29.1 667 24.0 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Investor Relations Presentatio
Slide 25: Earnings Trend Q1 2017
Earnings Trend Q1 2017 EBIT, in € million EBT, in € million +23% 56.4 +31% 52.8 45.8 40.2 6.9% EBIT ROS 7.1% 6.0% EBT ROS 6.7% Q1 2016 Q1 2017 Q1 2016 Q1 2017 Net income, in € million Earnings per preferred share, in € Prior-year figure adjusted retroactively due to the 1:3 stock split +34% 38.0 28.
Slide 26: Strategic Issues and Outlook
5 Strategic Issues and Outlook Jungheinrich is on Course!
Slide 27: 4/7 Growth Strategy
Jungheinrich 4.0 2020: €4 billion in 4/7 Growth Strategy net sales As we strive to achieve our net sales goal of €4 billion in the 2016 2020 financial year, we aim to net sales: grow by 7% per annum. >€3 bn Growth strategy: 4/7 7% p.a. Industry 4.0 Intralogistics 4.0 Investor Relations Presentation
Slide 28: The Jungheinrich Group's Growth Strategy
The Jungheinrich Group’s Growth Strategy Core business Europe APAC‘s Mail-order growth markets business Focal points focusing of the on China Goal 2020: Group‘s strategy ~€4 billion net sales ‘Counterbalanced Logistics systems trucks‘ product business segment Investor Relations Presentation May 3, 2
Slide 29: World Material Handling Equipment Market Expected Development in 2017
World Material Handling Equipment Market Expected Development in 2017 World World +7% 1,182 Jungheinrich continues to expect the world market to grow. However, the previous assessment of the contributions by 1,100 the individual regions has been adjusted. 951 Europe Europe Market volume is likel
Slide 30: Forecast for the Financial Year 2017 unchanged
Jungheinrich Group: Forecast for the Financial Year 2017 unchanged Positive Business Trend expected Forecast 2017 Incoming orders in € billion 3.4 - 3.5 Net sales in € billion 3.3 - 3.4 EBIT in € million 250 - 260 EBIT ROS in % In the order of last year’s level (7.6) EBT in € million 230 - 245 EBT R
Slide 31: Disclaimer
Disclaimer Since developments cannot be foreseen, the actual business trend may deviate from the expectations, assumptions and estimates made by Jungheinrich company management in this presentation. Factors that may lead to such deviations include changes in the economic environment, changes within
Slide 32: Jungheinrich: Machines. Ideas. Solutions.
DUNGHEINRICH Machines. Ideas. Solutions.