Jungheinrich AG · XETR:JUN3

Jungheinrich — Q3 2013 Earnings Presentation

17 slides from Jungheinrich's earnings presentation, Nov 6, 2013

  1. Slide 1: Jungheinrich Group—Conference Call, Interim Report as of September 30, 2013

    Jungheinrich Group—Conference Call Interim Report as of September 30, 2013 60 Years of Passion for Logistics Hans-Georg Frey, CEO Dr. Volker Hues, CFO November 6, 2013

  2. Slide 2: Highlights Q3 2013

    Highlights Q3 2013  Q3 2013 largely in line with expectations  Incoming orders in terms of units on par year on year, but Q3 2012 was influenced by bring-forward effects (price increase as of 10/1/2012)  Production volume 5% up on Q3 2012  EBIT curtailed by unpredictable process-induced disrupti

  3. Slide 3: World Material Handling Equipment Market as of 9/2013

    World Material Handling Equipment Market as of 9/2013 Growth Rates by Region in terms of units; compared to 9/2012 World Market Europe -1% 716.3 752.0 thousands of units Western -3% 9/2012 9/2013 Eastern +6% Asia +8% thereof China: +12% North America +11% World +5% Source: WITS 9/2013. 3 Conference

  4. Slide 4: Changes in Accounting in 2013

    Changes in Accounting in 2013  First-time adoption of the amended version of IAS 19 starting on Jan. 1, 2013  Furthermore: reclassifications to increase transparency The changes affect:  Interest income and interest expenses associated with finance lease customer contracts (Financial Services seg

  5. Slide 5: Incoming Orders of all Business Fields

    Incoming Orders of all Business Fields in million € 580 -1% +1% 1,743 574 1,720 Q3 2012 Q3 2013 Q1-Q3 2012 Q1-Q3 2013  Q3 2012 contains a major order in  Encouraging gains in the short-term hire the logistics systems business and used equipment business as well as in after-sales services 5 Confere

  6. Slide 6: Business Trend—New Truck Business

    Business Trend—New Truck Business in units Incoming Orders 57,559 ~0% 57,450 18,740 ~0% 18,813 Q3 2012 Q3 2013 Q1-Q3 2012 Q1-Q3 2013  Price increase as of 10/1/2012 resulted in  Incoming orders nearly on par year bring-forward effects in Q3 2012 on year  Much fewer trucks added to the short-term

  7. Slide 7: Business Trend—New Truck Business (Production)

    Business Trend—New Truck Business in units Production -4% 55,672 53,428 +5% 18,869 17,918 Q3 2012 Q3 2013 Q1-Q3 2012 Q1-Q3 2013  Production in terms of units posts  Year-on-year production gap reduced tangible rise further (following -8% in H1 2013) 7 Conference Call—November 6, 2013

  8. Slide 8: Orders on Hand

    Orders on Hand New truck business +37% 407 in million € 298  The order reach was thus still over four months 12/31/2012 09/30/2013 8 Conference Call—November 6, 2013

  9. Slide 9: Consolidated Net Sales

    Consolidated Net Sales in million € -1% 1,652* 1,638 +1% 560 557* Q3 2012 Q3 2013 Q1-Q3 2012 Q1-Q3 2013 *Adjusted. *Adjusted.  Interest income from finance lease customer  Net sales generated with short-term hire contracts included in net sales from 2013 and used equipment up 5% onwards (Q3 2012 i

  10. Slide 10: EBIT

    EBIT ROS in million € 7.9% 7.6% -5% 130.6 ROS 123.9 8.1% 7.5% -7% 45.1 41.8 Q3 2012 Q3 2013 Q1-Q3 2012 Q1-Q3 2013 *Adjusted. *Adjusted.  Unpredictable process-induced disruptions when ramping up the production of warehousing and system equipment at the new factory in Degernpoint had a negative effe

  11. Slide 11: R&D and Capital Expenditures

    R&D and Capital Expenditures in million € R&D Expenditures Capital Expenditures Capex ratio as a percentage of net sales Capitalization ratio 3% 4% 12% 22% 63 33.3 51 32.3 Q1-Q3 2012* Q1-Q3 2013 Q1-Q3 2012 Q1-Q3 2013 *Adjusted.  Focal points: energy efficiency of  Capital expenditures on the strat

  12. Slide 12: Workforce Trend

    Workforce Trend in full-time equivalent (FTE) 11,261 +5% 11,6702 Germany 5,167 5,291  Headcount rises especially due to the first-time consolidation of ISA1 and the expansion of the sales companies  The headcount rise is focussing on the Asian sales companies Abroad 6,094 6,3792 12/31/2012 09/30/2

  13. Slide 13: Outlook for 2013—World Material Handling Equipment Market

    Outlook for 2013—World Material Handling Equipment Market in thousands of units Europe Asia North America -5% 411 -6% +21% 380 363 +24% 331 2006 311 315 267 266 = 213 +7% +25% 191 182 170 136 2007 2010 2011 2012 2013e 2007 2010 2011 2012 2013e 2007 2010 2011 2012 2013e -3% 951 +23% 975 944 World 794

  14. Slide 14: Jungheinrich Group—Outlook for 2013

    Jungheinrich Group—Outlook for 2013 In the order of last Incoming orders year’s level1 In the order of last Net sales year’s level1 Earnings before interest and Between taxes (EBIT) €165 and €170 million2 Capital expenditures on Between tangible assets €90 and €100 million Research and development ~

  15. Slide 15: Jungheinrich Group—Prospects for 2014

    Jungheinrich Group—Prospects for 2014 ■ Improvement of the global economic environment; Eurozone GDP forecast: 0.7% growth (following -0.4% in 2013) ■ World market expected to post further growth, with Europe’s market recording stable development ■ Continued growth in Asia. Assumption: The Chinese m

  16. Slide 16: Disclaimer

    Disclaimer Since developments cannot be foreseen, the actual business trend may deviate from the expectations—some of which are forward-looking—based on assumptions and estimates made by Jungheinrich company management. Factors that can lead to such deviations include changes in the economic, politi

  17. Slide 17: Jungheinrich – Machines. Ideas. Solutions.

    DUNGHEINRICH Machines. Ideas. Solutions.

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