Autoneum Holding Ag · SIX:AUTN
Autoneum — H1 2014 Earnings Presentation
17 slides from Autoneum's earnings presentation, Jul 23, 2014
Slide 1: Half-Year Results 2014
Half-Year Results 2014 Martin Hirzel, CEO and Martin Zwyssig, CFO
Slide 2: Agenda
Agenda 1. Introduction and Highlights of Half-Year 2014 Martin Hirzel, CEO 2. Financial Results Half-Year 2014 Martin Zwyssig, CFO 3. Outlook Full Year 2014 Martin Hirzel, CEO
Slide 3: HY1: Highlights
HY1: Highlights Sales Financials Strategy • Increased net sales in all • EBIT margin increased • BG Europe reached regions in local currencies to 6.8% and hit new important financial mid- and adjusted for divest- record high term target ments • Net profit rose • Expansion of vertical • Strong growth
Slide 4: Agenda
Agenda 1. Introduction and Highlights of Half-Year 2014 Martin Hirzel, CEO 2. Financial Results Half-Year 2014 Martin Zwyssig, CFO 3. Outlook Full Year 2014 Martin Hirzel, CEO
Slide 5: Net sales by Business Group
HY1: Net sales by Business Group Growth in all regions in local currencies CHF million Sales HY1 2013 1’078.0 980.6 Sales HY1 2014 1 Change in local currencies and adjusted for the sale of the former Italian subsidiary 487.0 421.7 462.2 434.4 60.1 66.6 73.7 60.4 Autoneum Group BG Europe BG North Ame
Slide 6: Net sales: Decrease in CHF due to non-operating factors
HY1: Net sales Decrease in CHF due to non-operating factors CHF million 1’078.0 -73.7 • Net sales in local currencies and adjusted for the sale of the former -52.7 Italian subsidiary 29.1 980.6 increased by 2.9% • Decrease in net sales in CHF due to loss of sales from the former subsidiary in Italy
Slide 7: EBITDA: Substantial increase in EBITDA on group level
HY1: EBITDA Substantial increase in EBITDA on group level CHF million EBITDA HY1 2013 • EBITDA increased from EBITDA HY1 2014 90.9 to 99.1 million CHF Margin 10.1% • Double-digit EBITDA 99.1 margin (10.1%) on group 90.9 level for the first time Margin • BG Europe reached 12.0% important financial mi
Slide 8: Operating result (EBIT)
HY1: Operating result (EBIT) EBIT margin hit a new record high Margin 6.8% CHF million 66.8 • EBIT margin improved to BG SAMEA BG Asia Margin 6.8% of net sales 5.2% BG North America BG Europe 55.9 • All BGs recorded a positive EBIT Margin • Operational improvements 3.7% and successful capacity 36.1
Slide 9: Net profit
HY1: Net profit Net profit and EPS further increased CHF million HY1 2014 HY1 2013 • Net profit rose considerably from 31.3 to Net sales 980.6 1’078.0 40.0 million CHF EBITDA 99.1 90.9 • Higher net profit due to Earnings before improved operating result 66.8 55.9 interest and taxes (EBIT) (EBIT) Fin
Slide 10: Balance sheet
HY1: Balance sheet Sound balance sheet CHF million 30.06.14 30.06.13 31.12.13 • Early refinancing of the existing syndicated loan of Total assets 980.6 1’042.1 990.6 130 million CHF at Non-current assets 438.5 438.7 440.7 favorable new lending Net working capital 58.9 56.0 8.2 conditions Cash and ca
Slide 11: Cash flow
HY1: Cash flow Reduced cash flow from operating activities CHF million HY1 2014 HY1 2013 • Higher net working capital Net profit 40.0 31.3 led to reduced cash flow from operating activities Depreciation and amortization 32.3 35.0 • Increase in net working Change in net working capital -56.6 -11.7 ca
Slide 12: RONA
HY1: RONA RONA more than twice the WACC 20 18.5% • RONA of 18.5% more than 16.6% twice the WACC of 8.7% 15 • RONA improvement thanks to enhanced operating result 10 • Substantial additional 9.1% 8.7% economic value created WACC 5.0% 5 0 30.06.2011 30.06.2012 30.06.2013 30.06.2014 Half-Year Results 2
Slide 13: Agenda
Agenda 1. Introduction and Highlights of Half-Year 2014 Martin Hirzel, CEO 2. Financial Results Half-Year 2014 Martin Zwyssig, CFO 3. Outlook Full Year 2014 Martin Hirzel, CEO
Slide 14: Guidance
Guidance Guidance 2014 Global • Global automobile production is likely to grow to environment around 88 million light vehicles* • Devaluation of various currencies will continue to have substantial impact on translation into CHF Sales • Production volumes in the automotive industry tend to be lower
Slide 15: Autoneum. Mastering sound and heat.
Autoneum. Mastering sound and heat. Half-Year Results 2014 . July 23, 2014 15
Slide 16: Contacts and event calendar
Contacts and event calendar Investors Media Contact address Dr. Martin Zwyssig Dr. Anahid Rickmann Autoneum Holding AG CFO Head Corporate Communications Schlosstalstrasse 43 / P.O. Box T +41 (0)52 244 82 82 T +41 (0)52 244 83 88 CH-8406 Winterthur investor@autoneum.com media@autoneum.com www.autoneu
Slide 17: Disclaimer
Disclaimer Autoneum is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoeve