Krones Ag · XETR:KRN
Krones — H1 2013 Earnings Presentation
16 slides from Krones's earnings presentation, Jul 25, 2013
Slide 1: Profitable growth – Conference Call January–June 2013
krones 1｜ krones Highlights Sample textQ2 2013 Profitable growth Conference Call January – June 2013 July 25, 2013
Slide 2: Highlights Q2/2013
krones 2｜ krones Highlights Sample textQ2 2013 Highlights Q2/2013 − KRONES grows profitably, strengthens earnings − Revenue rose 6.8% year-on-year in the first half of 2013 to €1,377.5 million − KRONES benefited from its strong position on the emerging markets − Earnings before taxes were up more sh
Slide 3: With 4% increase in Orders received KRONES is according to plan
krones 3｜ krones Highlights Sample textQ2 2013 With 4% increase in Orders received KRONES is according to plan Trend by region 1 HY Orders on hand Orders received 2011 2012 2013 Central Europe Western Europe Eastern Europe +4% +0,3% CIS/Central Asia Middle East/Africa 1,005 1,323 1,328 1,383 980 +3%
Slide 4: Sales are increasing in 1st Half-Year by 6,8%
krones 4｜ krones Highlights Sample textQ2 2013 Sales are increasing in 1st Half-Year by 6,8% Sales Sales per Region (in mio. €) Germany 149,3 + 6,8 % Central Europe 47,9 + 6,4 % Western Europe 238,6 + 31,0 % Eastern Europe 44,5 - 29,6 % +7% +3% CIS/Central Asia 43,7 - 30,0 % 1,377 Middle East/Africa
Slide 5: EBT-Margin is increasing significantly because of higher productivity
krones 5｜ krones Highlights Sample textQ2 2013 EBT-Margin is increasing significantly because of higher productivity EBT 1st HY Material costs 1st HY 684.7 628.1 619.3 580.2 +25% -7% 52.4 +116% 79.7 50.0 49.7 48.6 69.2 64.0 40.8 2010 2011 2012 2013 Material costs to total performance in % 34.0 31.5
Slide 6: Product bottling and decoration: Improvement of profitability
krones 6｜ krones Highlights Sample textQ2 2013 Product bottling and decoration: Improvement of profitability Sales development +1% +2% 1,136 1,108 1,128 Key Topics 2013 560 561 Q2 565 − Internationalization of the LCS business 568 575 543 Q1 − Cost reduction program to compensate future cost increas
Slide 7: Process technology: Strong sales growth and break-even
krones 7｜ krones Highlights Sample textQ2 2013 Process technology: Strong sales growth and break-even Sales development +67% 187.1 +19% 105.0 111.8 Key Topics 2013 93.8 Q2 56.6 50.1 − Executed measures for the material flow technology and intralogistic 55.2 82.1 43.7 Q1 − Expansion of the component
Slide 8: KOSME achieved break-even
krones 8｜ krones Highlights Sample textQ2 2013 KOSME achieved break-even Sales development +9% -11% Key Topics 2013 55.6 54.1 49.7 35.4 27.8 Q2 − Balanced production utilization during the year 24.2 26.2 25.5 26.3 Q1 − Further development of the LCS business 2011 2012 2013 − Repositioning in the Foo
Slide 9: ROCE and Working Capital are on the right path
krones 9｜ krones Highlights Sample textQ2 2013 ROCE and Working Capital are on the right path ROCE in % Working Capital in % (to sales) 26,8 26,0 25,8 25,0 23,9 24,0 15,6 14,8 15,0 13,2 13,6 11,9 1st HY 1st HY 1 HY Target 1st HY 1st HY 1 HY Target 2011 2011 2012 2012 2013 2013 2011 2011 2012 2012 20
Slide 10: Free Cash flow increases by 34.4 €m
10 krones ｜kronesSample text Highlights Q2 2013 Free Cash flow increases by 34.4 €m 1st HY 2013 1st HY 2012 Earnings before tax in €m 79.7 64.0 +/- non-cash expenses and income in €m 77.2 42.8 +/- change in Working Capital in €m -157.1 -150.1 +/- other (mainly tax payments) in €m -14.9 -11.51 Cash f
Slide 11: drinktec 2013 – the world's premier trade fair for the entire sector
11 krones ｜kronesSample text Highlights Q2 2013 drinktec 2013 – the world‘s premier trade fair for the entire sector Contiform Asept Bloc − Sterile blow moulder combined with filler, capper and integrated process technology for fully aseptic applications − Minimized media consumption − Reduced footp
Slide 12: New group organisation for more customer proximity and more efficient processes
12 krones ｜kronesSample text Highlights Q2 2013 New group organisation for more customer proximity and more efficient processes and structures Function-oriented organisation Executive board level Executive board level Executive board level Function A Function B Function C Function D Function E New s
Slide 13: Targets for 2013
13 krones ｜kronesSample text Highlights Q2 2013 Targets for 2013 KRONES’ focus for 2013 within the Value strategy programme is on the pillars growth and profitability. KRONES confident to achieve the three targets: − Revenue growth of 4% (confirmed) − EBT Margin 5.8% – 6.0% (raised, previous: over 5
Slide 14: Thank you! Vielen Dank!
14 krones ｜kronesSample text Highlights Q2 2013 Thank you! Vielen Dank!
Slide 15: Financial calendar
15 krones ｜kronesSample text Highlights Q2 2013 Financial calendar Interim report 24.10.2013 as per September 30th 2013 Balance Sheet 30.04.2014 Press Conference (Munich) (Annual report 2013) Olaf Scholz Senior Vice President Investor Relations and International Group Accounting Interim report 30.04
Slide 16: Disclaimer
16 krones ｜kronesSample text Highlights Q2 2013 Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by KRONES AG management to the best of its knowledge and other information currently available to KRONES AG. T