Slide 1: Financial Results - H1 2016 Analysts' Telephone Conference
Financial Results - H1 2016 Analysts’ Telephone Conference | 1st August 2016 | Mannheim | Dagmar Steinert
Slide 2: H1 2016 Highlights
H1 2016 Highlights Revenues +13% to €1,136 mn EBIT + 7% to €183 mn Outlook 2016 reaffirmed Europe €720.9 mn Sales Growth* of 7%-11% Asia-Pacific, Africa €298.4 mn EBIT Growth of 3%-7% Americas €171.9 mn *before currency translation effects l2
Slide 3: Sales performance Q1 15 – Q2 16
Sales performance Q1 15 – Q2 16 PENTOSIN included since Q3 15, STATOIL LUBRICANTS included since Q4 15 € mn +13.8% 600 586 550 550 540 531 515 500 493 450 400 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 '16 l3
Slide 4: EBIT development Q1 15 – Q2 16
EBIT development Q1 15 – Q2 16 Q4 2015 includes integration costs (Acquisitions 2015) € mn +8.5% 100 97.5 95 89.9 89.3 90 85.2 85 81.7 81.3 80 75 70 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 '16 l4
Slide 5: Acquisitions 2016
Acquisitions 2016 Strategic Deals FUCHS acquires ULTRACHEM INC (Share Deal) Deal Structure Business will continue to be operated from Delaware location €15 mn in sales p.a. Specialty Synthetic Lubricants for Compressor OEM and Focus Industrial Maintenance Markets Closing Latest in Q4 2016 FUCHS acqu
Slide 6: 4,869 employees globally
4,869 employees globaly Increase by 46 +24 5,000 +10 +12 4,823 4,869 4,000 3,000 Dec 2015 Europe Asia-Pac./Africa Americas Jun 2016 l6
Slide 7: H1 2016 Group Sales
H1 2016 Group Sales € mn +144.2 (+14.3%) 1,200 +24.3 1,100 (+2.4%) -39.9 1,136.2 (-3.9%) 1,000 1,007.6 900 +128.6 (+12.8%) 800 700 600 H1 2015 Organic Growth Acquisitions FX H1 2016 l7
Slide 8: H1 2016 - Regional Sales
H1 2016 - Regional Sales Organic growth in Europe and Asia-Pacific, Africa H1 2015 H1 2016 Total Organic External Currency (€ mn) (€ mn) Growth Growth Growth Effects Europe 571.2 720.9 +26.2% +3.3% +24.7% -1.8% Asia-Pacific, Africa 302.2 298.4 -1.3% +2.3% +3.8% -7.4% Americas 176.1 171.9 -2.4% -0.8%
Slide 9: Q1, Q2 2016 - Regional Sales
Q1, Q2 2016 - Regional Sales Headwind from Currency Q1 2015 Q1 2016 Total Organic External Currency (€ mn) (€ mn) Growth Growth Growth Effects Europe 278.3 349.4 +25.5% +1.8% +24.9% -1.2% Asia-Pacific, Africa* 146.5 144.4 -1.4% +2.0% +2.9% -6.3% Americas 88.3 84.5 -4.3% -3.4% +2.0% -2.9% * Adjustmen
Slide 10: H1 2016 – Income Statement
H1 2016 – Income Statement € mn H1 2015 H1 2016 Δ Mio. € Δ in % Sales 1,008 1,136 128 12.8% Gross Profit 388 427 39 10.1% Margin 38.5% 37.6% Selling, admin., R&D expenses, others 223 254 31 13.7% EBIT before at Equity 165 173 8 5.2% At Equity 7 10 3 36.6% EBIT 172 183 11 6.5% Earnings after tax 119
Slide 11: H1 2016 - EBIT by regions
H1 2016 - EBIT by regions H1 2016 (H1 2015) € mn 31.5 182.7 200 (32.9) (171.6) 180 61.0 (59.1) -4,7 160 (-3.1) 140 120 94.9 100 (82.7) 80 60 40 20 0 Europe Asia Pacific, Africa Americas Holding/cons. Group EBIT margin before at equity 13.1% (14.4%) 17.5% (17.4%) 18.3% (18.7%) 15.2% (16.3%) l 11
Slide 12: H1 2016 - Free cash flow
H1 2016 - Free cash flow mn € H1 2015 H1 2016 Earnings after tax 119 127 Amortisation/Depreciation 17 23 Net operating working capital (NOWC) -29 -46 Other changes -16 0 Capex -16 -32 Free cash flow before acquisitions 75 72 Acquisitions - -20 Free cash flow 75 52 l 12
Slide 13: Outlook 2016
Outlook 2016 Performance indicators Actual 2015 Outlook 2016 Sales* €2,079 mn Total Growth +11.4% 7% to 11% Organic Growth +0.3% Low single-digit % External Growth (Acquisitions 2015) +6.0% High single-digit % Currency +5.1% EBIT €342 mn 3% to 7% FVA €246 mn Low single-digit % Free cash flow before
Slide 14: 2016 – 2018: Planned investments of €300mn
Further Investments 2016 – 2018: Planned investments of €300mn Expansion of the Mannheim site, Germany Expansion of the Kaiserslautern site, Germany Expansion of the Chicago site, USA New plant in WuJiang, China New plants in Australia and Sweden l 14
Slide 15: Thank you
FUCHS PETROLUB SE Thank you
Slide 16: Disclaimer
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 developments and future actual resul
Slide 17: FUCHS PETROLUB SE Investor Relations
FUCHS PETROLUB SE Investor Relations Financial Calendar Contact August 1, 2016 H1 Results Investor Relations Thomas Altmann September 8, 2016 Capital Market Day Friesenheimer Str. 17 68169 Mannheim, Germany November 3, 2016 Q3 Results Tel. +49 (0) 621 3802 1201 ir@fuchs-oil.de March 22, 2017 Annual