Slide 1: WashTec AG Q1 2015 Report Conference Call
WashTec AG Q1 2015 Report Conference Call WashTec AG Q1 2015 Report, Conference Call April 30, 2015
Slide 2: Q1 2015: Facts & Figures – Significant revenues and EBIT increase
Q1 2015: Facts & Figures Significant revenues and EBIT increase – higher order backlog than prior year Revenues (in €m) EBIT (in €m) Net Cash Flow (in €m) 75.5 65.3 64.8 4.3 5.5 5.4 -1.2 -0.4 2.7 2013 2014 2015 2013 2014 2015 2013 2014 2015 • Revenues increased by 16.5 % • EBIT at € 4.3m (prior year
Slide 3: Solid balance sheet structure
Q1 2015: Facts & Figures Solid balance sheet structure Equity ratio (in %) Net finance liquidity* (in €m) 48.9 49.0 10.4 9.8 Dec 2014 Mar 2015 Dec 2014 Mar 2015 * Net bank liquidity minus long-term and short- term financial debt • High equity ratio • Net finance liquidity: increased due to positive
Slide 4: Revenues and earnings development
Q1 2015: Facts & Figures Revenues and earnings development Revenues total (Q1) Revenues by segment (Q1) in €m in €m 75.5 Core Europe North America Eastern Europe Asia/Pacific 64.8 61.8 +10.7 54.3 +7.5 11.3 +1.3 +2.2 9.1 +0.5 3.7 3.0 2.5 2.4 Q1/2014 Q1/2015 Q1/2014 Q1/2015 Q1/2014 Q1/2015 Q1/2014 Q1/
Slide 5: Profit/Loss Statement
Q1 2015: Facts & Figures Profit/Loss Statement P+L in €m Q1 2015 Q1 2014 Revenues 75.5 64.8 Gross margin 45.4 (60.1%) 39.0 (60.2%) Increase due to higher revenues Personnel expenses (27.9) [37.0%] (26.8) [41.4%] Increase mainly due to operational FX-effect Increase due to negative effect from valuat
Slide 6: Sound balance sheet structure
Q1 2015: Facts & Figures Sound balance sheet structure March December 31, 2015 31, 2014 Balance sheet total 192.2 185.8 Goodwill 42.3 42.3 Equity 94.2 90.9 Equity ratio at 49.0% Net finance liquidity 10.4 9.8 Increase due to positive cashflow Primary reason for decrease: Net current assets 69.9 71.2
Slide 7: Outlook 2015
Backup Outlook 2015 For the Group: slight increase in revenues and a significant increase in EBIT • Core Europe: stable revenues and earnings • Eastern Europe: significant increase in revenues and slight increase in earnings • North America: significant increase in revenues and earnings • Asia/Pacif
Slide 8: Share
Backup Share Analyst Coverage Share performance Analyst Recommen- Target Price (+ Date) dation (€) WashTec BHF (02/13) Overweight 11.70 Hauck & Aufhäuser Hold 15.00 (02/15) HSBC (04/15) Hold 22.00 MM Warburg (04/15) Buy 22.70 SDAX Average 17.85 Kempen European Participations N.V. 10.64 % Trade Volum
Slide 9: Financial calendar
Backup Financial calendar April 30, 2015 1Q/2015 Report May 13, 2015 Annual General Meeting August 05, 2015 1H/2015 Report October 30, 2015 3Q/2015 Report November 23-25, 2015 Equity Forum WashTec AG Q1 2015 Report, 9 Conference Call April 30, 2015
Slide 10: Disclaimer
No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever