Slide 1: FUCHS PETROLUB Q1 2015 Conference Call
FUCHS PETROLUB / Q1 2015 Conference Call Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations Mannheim, 30 April 2015
Slide 2: Good start into the year 2015
Good start into the year 2015 Sales revenues up 8% to €493 million (currency adjusted +1%) Earnings before interest and tax (EBIT) up 8% to €82 million Outlook for the financial year improved due to currency effects 2 FUCHS PETROLUB SE
Slide 3: Q1/2015: Sales revenues up 7.8%
Q 1/2015: Sales revenues up 7.8% Sales revenues – quarterly development € mn 483.5 492.6 500 456.8 462.5 463.1 400 300 200 100 0 Q1' 14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 +7.8% YoY +6.4% QoQ 3 FUCHS PETROLUB SE
Slide 4: Q1/2015: EBIT increased by 8.1%
Q 1/2015: EBIT increased by 8.1% EBIT – quarterly development € mn 84.7 81.7 75.6 75.6 77.1 80 60 40 20 0 Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 +8.1% YoY +6.0% QoQ 4 FUCHS PETROLUB SE
Slide 5: Sales revenues increased by 1% adjusted for currency effects
Sales revenues increased by 1% adjusted for currency effects € mn +€35.8 mn (7.8%) 500 7.4 31.4 492.6 456.8 450 -3.0 external currency growth effects organic Organic growth -0.7% or -€3.0 mn 400 growth External growth 1.6% or €7.4 mn 350 Currency effects 6.9% or €31.4 mn 300 250 200 Sales Sale
Slide 6: Organic growth in Asia
Organic growth in Asia Regional sales growth 1st quarter 2015 Asia-Pacific / North- and Group* Africa South America € mn 27.1 12.9 35.8 40 Organic growth 30 3.8 20 31.4 Currency effects 10 3.2 19.1 13.9 External growth 0 7.4 4.2 -1.0 0.0 -3.0 -10 -20 -8.1 -1.3 Total growth -2.2% +22.7% +17.1% +7.8%
Slide 7: EBIT rose by 8% to €82 mn
EBIT rose by 8% to €82 mn € mn Q1/2015 Q1/2014 Variance Sales revenues 492.6 456.8 35.8 7.8% Gross profit 187.9 170.9 17.0 9.9% Gross profit margin 38.1% 37.4% Sales, admin., R&D and other net expenses 110.0 98.3 11.7 11.9% Expenses as a percentage of sales 22.3% 21.5% EBIT before income from at equ
Slide 8: Increased segment earnings for Asia-Pacific, Africa and North and South America
Increased segment earnings for Asia-Pacific, Africa and North and South America 1st quarter 2015 € mn 100 +20.4% +8.1% 75 16.5 -0.8 +20.4% (13.7) (-1.5) 81.7 26.6 (75.6) 50 -4.6% (22.1) 25 39.4 (41.3) 0 Europe Asia-Pacific, North and Holding Group Africa South America costs/cons. EBIT margin before
Slide 9: As expected, net operating working capital increased
As expected, net operating working capital increased € mn Q2/2015 Q1/2014 Gross cash flow 59.6 60.6 Changes in net operating working capital -17.9 -32.1 Other changes -3.7 3.6 Operating cash flow 38.0 32.1 Capex -7.8 -6.5 Other changes 0.0 0.2 Free cash flow 30.2 25.8 9 FUCHS PETROLUB SE
Slide 10: Investments according to plan
Investments according to plan € mn 7.8 Key investments enlargement of the test field in 6.5 Germany and construction of the grease plant in the US Q1 2015 Q1 2014 10 FUCHS PETROLUB SE
Slide 11: Number of employees increased
Number of employees increased 4,141 4,112 The number of employees has grown by 29 people since the beginning of the year with the focus on sales and technical. 31 March 2015 31 Dec. 2014 11 FUCHS PETROLUB SE
Slide 12: Outlook 2015 for the FUCHS Group
Outlook 2015 for the FUCHS Group FUCHS plans further growth in sales and volume in 2015 Should the euro remain weak, EBIT is expected to increase by a mid to higher single-digit percentage. We plan investments to exceed the previous year’s value and reach up to the investments of 2012 and 2013
Slide 13: Thank you for your attention
Thank you for your attention Disclaimer This presentation contains statements about future development that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual develop