Alfa Laval Ab · OMXSTO:ALFA
Alfa Laval Ab — Q1 2013 Earnings Presentation
17 slides from Alfa Laval Ab's earnings presentation, Apr 22, 2013
Slide 1: Report for Q1 2013
22/04/2013 Report for Q1 2013 - Key figures -Orders received and margins -Highlights - Development per segment - Geographical development - Financials Mr. Lars Renström - Outlook President and CEO Alfa Laval Group © Alfa Laval 1
Slide 2: Key figures
22/04/2013 Key figures January – March 2013 Orders received declined 9% to SEK 7,160 million. Net sales dropped 4% to SEK 6,535 million. Adjusted EBITA declined 5% to SEK 1,067 million. Adjusted EBITA margin 16.3% vs 16.5% - Negative currency effect SEK 32 million. © Alfa Laval Slide 3 www.alfalaval
Slide 3: Orders received / Order analysis
22/04/2013 Orders received SEK million SEK million R 12 9 000 32 000 8 000 28 000 7 000 24 000 6 000 20 000 5 000 16 000 4 000 12 000 3 000 8 000 +21% -5% 2 000 -32% +38% -6% 1 000 4 000 0 0 Q209 Q309 Q409 Q210 Q310 Q410 Q111 Q212 Q312 Q109 Q110 Q211 Q112 Q412 Q113 Q311 Q411 = Order intake per quart
Slide 4: Adjusted EBITA / margin
22/04/2013 Adjusted EBITA / margin* SEK millions and in percent of sales 1 800 24,0 1 575 21,0 1 350 18,0 1 125 15,0 900 12,0 675 9,0 450 6,0 225 3,0 0 0,0 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 * Adjusted EBITA – ”Earnings before interests, taxes, amortization of goodwill
Slide 5: Highlights in the quarter
22/04/2013 Highlights in the quarter Process Technology Marine & Diesel Compact heat exchangers for processing Alfa Laval Aalborg heaters to Daewoo for of shale gas in the U.S. Value: SEK 55 an FPSO vessel. Value: SEK 130 million. million. Heavy fuel oil treatment systems to a Pure Ballast systems t
Slide 6: Orders received by customer segment / Equipment division
22/04/2013 Orders received by customer segment Jan. – March 2013, at constant rates and like for like PTD Parts & Service = = Industrial Equipment - OEM Process Industry = + Sanitary Equipment = EQD Parts & Service Energy & Environment - - Marine & Offshore Systems - Marine & Diesel Food Technology
Slide 7: Process Technology division / Marine & Diesel division
22/04/2013 Process Technology division Highlights and sequential comments Food Tech. Food declined, affected by Brewery, Beverage & 7%* Viscous food. Strong growth for vegetable oil. Energy & Environment boosted by large orders, - - primarily in oil and gas exploration. Power also Energy & Environ E
Slide 8: New test and training centre
22/04/2013 New test and training centre Alfa Laval PureSOx Alfa Laval WHR Alfa Laval PureBallast Alfa Laval boilers, scrubbers, separators, heat exchangers, filters, tank equipment, control and automation systems to the marine industry www.alfalaval.com Report for Q1 2013 - Key figures - Orders rece
Slide 9: Orders received by Region / Highlights Asia
22/04/2013 Orders received by Region January – March 2013, development at constant rates Latin America 7% -9 North America 21% -10 +9 -7 -14 Asia 31% Western Europe 22% -1 Central and Eastern Europe 8% Nordic 9% Year--on- Year on-year comparison © Alfa Laval www.alfalaval.com Highlights Asia January
Slide 10: Highlights Europe / Highlights Americas
22/04/2013 Highlights Europe January – March 2013, at constant rates, sequential comments -9 -8 -10 +33 +9 -5 Western Europe incl. Nordic: Central and Eastern Europe: Fewer large contracts explain the Strong increase, driven by oil & gas and decline. Base business and Parts & refinery in Russia. Ser
Slide 11: Top 10 markets
22/04/2013 Top 10 markets* SEK million at prevailing rates United States China Nordic Korea, South South East Asia Mid Europe Russia Adriatic Brazil Canada 0 1 000 2 000 3 000 4 000 5 000 = R12 as per end of March *The development of the 2012 top ten markets. = WY 2012 © Alfa Laval Slide 21 www.alfa
Slide 12: Highlights / Gross profit margin
22/04/2013 Highlights SEK millions January – March 2013 Order intake 7,160 Net sales 6,535 © Alfa Laval Slide 23 www.alfalaval.com Gross profit margin In percent of sales 50 42.7 40.4 38.5 38.2 40 30 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 © Alfa Laval www.alfalaval.com © Al
Slide 13: Highlights / Cash-flow statement
22/04/2013 Highlights SEK millions January – March 2013 Order intake 7,160 Net sales 6,535 Adjusted EBITA 1,067 Adjusted EBITA- EBITA-margin 16.3% Profit before tax 927 Earnings per share 1.67 Earnings per share, excl step- step-up 1.94 ROCE 25.8% ROE 21.4% © Alfa Laval Slide 25 www.alfalaval.com Ca
Slide 14: Change in IAS / Foreign exchange
22/04/2013 Change in IAS Accounting for Employee Benefits – IAS 19 Implications on Alfa Laval in short: -a restatement of the closing balance sheet as per Dec. 31st, 2011, giving a reduction in equity for Alfa Laval of SEK 791 million. - that any changes in unrecognized actuarial gains/losses from J
Slide 15: Order backlog / Sales
22/04/2013 Order backlog as per March 31 SEK millions 16 000 14,889 14,691 14 000 3,759 4,174 12 000 10 000 8 000 10,715 10,932 6 000 4 000 1.01 1.03 0.89 1.16 1.10 2 000 Book to bill 0 Q109 Q110 Q111 Q112 Q113 For delivery later than 2013 For delivery in 2013 © Alfa Laval Slide 29 www.alfalaval.com
Slide 16: Outlook for the second quarter
22/04/2013 Report for Q1 2013 - Key figures - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Lars Renström - Outlook President and CEO Alfa Laval Group Outlook for the second quarter “We expect that demand during the second quarter will
Slide 17: Cautionary statement
22/04/2013 © Alfa Laval Slide 33 www.alfalaval.com Cautionary statement This presentation contains forward-looking statements that are based on the current expectations of the management of Alfa Laval Group. Although management believes that the expectations reflected in such forward- looking statem