Interroll Holding Ag · SIX:INRN
Interroll — H1 2019 Earnings Presentation
15 slides from Interroll's earnings presentation, Aug 5, 2019
Slide 1: H1/19 Analyst Presentation
H1/19 Analyst Presentation Webcast, 5 August 2019 Daniel Bättig, CFO Interroll Holding AG interroll.com
Slide 2: Our Growth Strategy
Our Growth Strategy Service Business Geographic Expansion Innovative Products Innovative Products Geographic Expansion Service Business EMEA Americas Asia-Pacific - New Interroll DC Platform - High growth potential - New plant in - Second plant in - First own plant in (launched 19 February) Southern
Slide 3: Innovative Solutions: The new Interroll DC Platform
Innovative Solutions: The new Interroll DC Platform A versatile modular direct current (DC) platform consisting of three elements: A new RollerDrive, the EC5000, new control cards and new power supplies. The new Interroll DC Platform is a decisive step into the digital world, enabling the use in
Slide 4: Innovative Solutions: The new Modular Pallet Conveyor Platform (MPP)
Innovative Solutions: The new Modular Pallet Conveyor Platform (MPP) New modular system for Pallet Conveyor Technology (MPP) similar to the Modular Conveyor Platform (MCP) Control system: Similar to Conveyor Technology for light loads Optimal addition to the Pallet Flow Storage product group 4
Slide 5: Performance summary H1/19
Performance summary H1/19 -7.9% Order intake decline (Previous Year: +32.8%) Local currency: -6.0% All regions show a decline in order intake +8.4% Net sales growth (Previous Year: +18.4%) Local currency: +10.4% Conveyors & Sorters (+17.5%) and Rollers (+7.3%) show record levels +23.3% EBIT gr
Slide 6: Order intake: CHF 299.0m (-7.9%)
Order intake: CHF 299.0m (-7.9%) Local currency: -6.0% In CHF million 350 34 27 Earlier announced large project order in South Korea included 147 128 Solution business slowed in H1/19: 175 Pallet & Carton Flow: -21.0% Conveyors & Sorters: -12.7% 88 87 Book-to-bill Ratio: 1.15 (PY: 1.35) 56 57
Slide 7: Record net sales: CHF 260.8m (+8.4%)
Record net sales: CHF 260.8m (+8.4%) Local currency: +10.4% Net sales development: EMEA +6.8%, Americas +22.4%, Asia -13.3% Shares from total Net sales: EMEA: 60%, Americas: 30%, Asia: 10% EMEA AMERICAS ASIA 300 Net sales in CHF million 150 0 1506 1606 1706 1806 1906 7/15
Slide 8: EBIT: CHF 31.2m (+23.3%)
EBIT: CHF 31.2m (+23.3%) In CHF million EBIT EBIT-Margin 40 12% Gross margins worldwide under pressure Less R&D compared to PY 31,2 EBITDA CHF 43.5m (+22.4%) EBITDA-Margin 16.7% (PY: 14.8%) 25,3 20 6% Depreciation up Amortisation slightly up EBIT CHF 31.2m (+23.3%) EBIT-MARGIN 11.9% (PY: 10.
Slide 9: Net income: CHF 23.1m (+24.2%)
Net income: CHF 23.1m (+24.2%) In CHF million Net Income Net Income-Margin 25 9% 23,1 Slightly negative foreign currency result Higher tax quote 18,6 Net income CHF 23.1m (+24.2%) Net income-Margin 8.8% (PY: 7.7%) 13 5% 0 0% 1506 1606 1706 1806 1906 9/15
Slide 10: Operational Cash Flow: CHF 40.6m (+29.9%)
Operational Cash Flow: CHF 40.6m (+29.9%) In CHF million Operational Cash Flow Margin 50 16% Higher Net income, depreciation, amortisation 40,6 More downpayments received from customers Operational Cash Flow CHF 40.6m (+29.9%) 31,2 Margin 15.6% (PY: 13.0%) 25 8% Investments CHF 11.7m (PY: CHF
Slide 11: Creating value: RONA 18.1% and ROE 16.3%
Creating value: RONA 18.1% and ROE 16.3% ROE vs. WACC of 9% 20% 10% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 H1/19 ROE 11,1% 13,4% 12,8% 11,9% 9,9% 14,4% 16,4% 15,8% 19,0% 16,3% WACC 9,0% 9,0% 9,0% 9,0% 9,0% 9,0% 9,0% 9,0% 9,0% 9,0% 11/15
Slide 12: Profitable growth – now and in future
Profitable growth – now and in future Interroll is expecting the business dynamics to slow down in H2/19. Based on its strong market position, its innovative products and the fast growing end markets served (E-Commerce, Airports, Food & Beverage, Distribution & Industry), Interroll sees significant
Slide 13: Thank you for your attention
Thank you for your attention Do you have any questions? 13/15
Slide 14: Contacts
Contacts Daniel Bättig, MBA, CPA Chief Financial Officer Interroll Holding AG Via Gorelle 3 6592 Sant’Antonino Switzerland d.baettig@interroll.com Phone +41 91 850 25 44 14/15
Slide 15: Disclaimer
Disclaimer This presentation contains certain future-oriented statements. Future-oriented statements include all statements which do not relate to historical facts and events and contain future-oriented expressions such as “believe”, “estimate”, “assume”, “expect”, “forecast”, “intend”, “could” or “