Slide 1: Agenda
GETINGE GROUP BUSINESS AREA INFECTION CONTROL HEALTHCARE AGENDA Cash flow Balance sheet items Currency effects
Slide 2: Cash flow (MSEK)
GETINGE GROUP BUSINESS AREA INFECTION CONTROL HEALTHCARE Cash flow (MSEK) 2007 2006 Net Debt 10 365 5 575 Change in Net Debt + 4 790 + 471 Change in Net Debt before acquisition, currency and cash effect of restructuring cost - 472 - 744 Net Debt / EBITDA 3,2 2,4 Net gearing 1,57 0,93
Slide 3: Interest bearing loans
GETINGE GROUP BUSINESS AREA INFECTION CONTROL CASH FLOW HEALTHCARE Interest bearing loans Balance as of December 31, 2007 is MSEK 9 454 Funding of Boston acquisition is MSEK 4 800 Maturity profile of interest bearing loans is 7% in 2008, 7% in 2010, 78% in 2012, 3% in 2013 and 5% in 2015 Boston
Slide 4: Operating cash flow before restructuring
GETINGE GROUP CASH FLOW (MSEK) cont Operating cash flow before restructuring +19% 2 600 2 553 2 400 2 200 2 139 2 000 1 841 1 800 1 600 1 400 1 200 1 000 2005 2006 2007
Slide 5: Average days in accounts receivable
GETINGE GROUP CASH FLOW cont Average days in accounts receivable 72,0 (Exluding Huntleigh) 70,0 Reduction 2007: 68,0 5 days Circa 230MSEK 66,0 64,0 62,0 60,0 58,0 56,0 2005 2006 2007
Slide 6: Average days in inventory
GETINGE GROUP CASH FLOW cont Average days in inventory (Exluding Huntleigh) 76,0 74,0 Reduction 2007: 72,0 6 days 70,0 Circa 240MSEK 68,0 66,0 64,0 62,0 60,0 58,0 56,0 2005 2006 2007
Slide 7: Cash flow (MSEK) cont
GETINGE GROUP BUSINESS AREA INFECTION CONTROL CASH FLOW HEALTHCARE(MSEK) cont Cash flow (MSEK) 2007 2006 Operating cash flow 2 553 2 139 Capital expenditure, tangible assets - 467 - 315 Sale of tangible assets + 34 + 157 Capital expenditure, intangible assets - 348 - 206 Carried forward 1 772 1 775
Slide 8: Capital expenditure - Tangible assets
GETINGE GROUP CASH FLOW (MSEK) cont Capital expenditure -Tangible assets Gross capex 467m 500 =2,8% of sales 450 34 400 Gross capex 315m 350 = 2,4% of sales 300 Gross capex 236m = 2% of sales 250 157 11 433 200 150 225 100 158 50 0 2005 2006 2007 Net capital expenditure Sale of tangible assets
Slide 9: Cash flow (MSEK) cont
GETINGE GROUP BUSINESS AREA INFECTION CONTROL CASH FLOW (MSEK) cont HEALTHCARE Cash flow (MSEK) 2007 2006 Brought forward 1 772 1 775 Restructuring activities - 190 - 45 Net acquisition and divestments - 6 106 - 273 Financial net - 507 - 208 Paid taxes - 528 - 387 Dividend - 444 - 405 Other + 1 213
Slide 10: New share issue
GETINGE GROUP BUSINESS AREA INFECTION CONTROL NEW SHARE ISSUE HEALTHCARE New share issue The Board of Getinge proposes a new share issue of approximately SEK 1,500 million for financing and continued expansion The proceeds of the issue are planned to: 1. Create financial scope for further business o
Slide 11: Tax rate
GETINGE GROUP BUSINESS AREA INFECTION CONTROL HEALTHCARE Tax rate 2008 2007 2006 Forecast Tax rate 28 % 29 % 27 % Tax charge (MSEK) 514 469
Slide 12: Goodwill & other intangibles (MSEK)
GETINGE GROUP BUSINESS AREA INFECTION CONTROL GOODWILL & HEALTHCAREOTHER INTANGIBLES (MSEK) Goodwill Goodwill Other Other additions closing intangibles intangibles 2007 balance additions closing 2007 balance Medical Systems 15 3 435 22 94 Extended Care 3 483 4 005 1 331 1 323 Infection Control - 688
Slide 13: Negative currency effect in 2008 is circa 163 MSEK
GETINGE GROUP CURRENCY EFFECTS 2008 Negative currency effect in 2008 is circa 163 MSEK Currency exposure at Currency rates used Net foreign volumes 5% change in for group estimates in 2008, million currency rates, MSEK USD 6,47 USD 66 21 EUR 9,47 EUR 88 42 GBP 12,91 GBP 34 22 CAD 6,59 CAD 20 7
Slide 14: Currency effects 2008 (MSEK)
GETINGE GROUP BUSINESS AREA INFECTION CONTROL CURRENCY EFFECTS HEALTHCARE 2008 (MSEK) MEDICAL SYSTEMS -91 EXTENDED CARE -30 INFECTION CONTROL -42 TOTAL -163
Slide 15: Agenda
GETINGE GROUP BUSINESS AREA INFECTION CONTROL HEALTHCARE AGENDA 10.00 – 12.00 Corporate Overview Johan Malmquist, CEO Financial Review Ulf Grunander, CFO 12.00 – 13.00 Lunch 13.00 – 15.00 Infection Control Christer Ström VP Infection Control Extended Care Michael Berg VP Extended Care 15.00 – 15.30