Agfa-gevaert Nv · EURONEXT:AGFB
Agfa-gevaert Nv — Q3 2007 Earnings Presentation
19 slides from Agfa-gevaert Nv's earnings presentation, Oct 31, 2007
Slide 1: Q3 Results 2007
Q3 Results 2007 31 October 2007 Analyst Call
Slide 2: Group Sales (in million Euro)
Group Sales (in million Euro) Total Sales Split per Business Group (YTD) -2.2% (+0.5%)* Specialty Products 2,474 2,419 8% -2.1% Q3 805 788 (+0.3%)* HealthCare -1.6% 42% Q2 859 845 (+0.8%)* -3.0% Q1 810 786 Graphics (+0.4%)* 50% 2006 2007 * Excluding currency impact Significant currency impact of 20
Slide 3: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) % change % change Q3 '06 Q3 '07 (excl. curr.) 9M '06 9M '07 (excl. curr.) Sales 805 788 -2.1% (+0.3%) 2,474 2,419 -2.2% (+0.5%) Gross profit 297 261 -12.1% 957 867 -9.4% as a % of sales 36.9% 33.1% 38.7% 35.8% R&D -46 -47 2.2% -143 -141 -1.4% SG&A* -197 -
Slide 4: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q3 '06 Q3 '07 % change 9M '06 9M '07 % change Recurring EBIT* 45 25 -44.4% 176 138 -21.6% Restructuring and non-recurring -33 -18 -69 -39 Operating result 12 7 -41.7% 107 99 -7.5% Non-operating result -20 -26 -49 -45 Profit before taxes -8 -19 -137.5% 58
Slide 5: Agfa Graphics
Agfa Graphics AGFA &
Slide 6: Graphics: Sales (in million Euro)
Graphics: Sales (in million Euro) Total Sales Split per Business Segment (YTD) -5.3% (-2.6%)* Inkjet, Software, Service 1,268 15% 1,201 Q3 408 -2.0% 400 (+0.4.%)* Q2 436 -5.7% Analog Prepress 411 (-3.4%)* 23% Digital Prepress -8.0% 62% Q1 424 390 (-4.6%)* 2006 2007 * Excluding currency effect Stable
Slide 7: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) % change % change Q3 '06 Q3 '07 (excl. curr.) 9M '06 9M '07 (excl. curr.) Sales 408 400 -2.0% (+0.4%) 1,268 1,201 -5.3% (-2.6%) EBITDA* 33.7 29.4 -12.8% 106.9 94.1 -12.0% % of sales 8.3% 7.4% 8.4% 7.8% EBIT* 16.7 13.4 -19.8% 54.9 46.1 -16.0% % of sales 4.1% 3.
Slide 8: Agfa Graphics: Highlights
Agfa Graphics: Highlights • Trade fairs: • GraphExpo: lineup of new prepress and inkjet solutions • IGAS, Japan: focus on thermal platemaking solutions with :Azura and :Amigo plates • Agfa Graphics receives InterTech technology award for :Energy Elite no-bake plate • Inkjet: • :Anapurna on track, eg
Slide 9: Agfa HealthCare
Agfa HealthCare AGFA &
Slide 10: HealthCare: Sales (in million Euro)
HealthCare: Sales (in million Euro) Total Sales Split per Business Segment (YTD) -0.9% (+2.1%)* Classic 1,027 1,018 Radiology 17% -5.6% Hardcopy Q3 338 319 (-3.0%)* 32% Cardiology IT 2% 0.0% HIS/CIS Q2 365 (+3.1%)* 365 9% HealthCare IT = 33% +3.1% Q1 324 334 (+6.4%)* Radiology IT CR/Modalities 2006
Slide 11: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) % change % change Q3 '06 Q3 '07 (excl. curr.) 9M '06 9M '07 (excl. curr.) Sales 338 319 -5.6% (-3.0%) 1,027 1,018 -0.9% (+2.1%) EBITDA* 43.9 29.4 -33.0% 159.1 124.7 -21.6% % of sales 13.0% 9.2% 15.5% 12.3% EBIT* 24.9 6.4 -74.3% 101.1 66.7 -34.0% % of sales 7
Slide 12: HealthCare: Highlights Q3 '07
HealthCare: Highlights Q3 ‘07 • ORBIS roll-out across Europe • Agfa HealthCare completes first implementation phase of ORBIS at the Belgian AZ Groeninge hospital • ORBIS in full-scale use in Austria’s second largest hospital, the ‘Landeskrankenhaus’ in Klagenfurt • Decision taken to focus in 2008 on
Slide 13: Agfa Specialty Products
Agfa Specialty Products AGFA &
Slide 14: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) % change % change Q3 '06 Q3 '07 (excl. curr.) 9M '06 9M '07 (excl. curr.) Sales 59 69 17.0% (18.2%) 179 200 11.7% (13.1%) EBITDA* 10.1 8.3 -17.8% 39.7 32.0 -19.4% % of sales 17.1% 12.0% 22.2% 16.0% EBIT* 8.2 7.3 -11.0% 34.7 28.0 -19.3% % of sales 13.
Slide 15: Balance Sheet: Key Figures (in million Euro)
Balance Sheet: Key Figures (in million Euro) Assets Liabilities 3,832 3,821 3,832 3,821 Non-current 1,275 assets 1,407 Liabilities 2,899 2,880 Current 2,168 assets 2,071 Equity 933 941 Other 353 378 assets Dec. 2006 Q3 2007 Dec. 2006 Q3 2007 15
Slide 16: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) Inventories Trade Receivables Trade Payables 1000 1000 1000 900 900 900 800 800 854 800 812 700 700 700 685 692 600 600 600 500 500 500 400 400 400 300 118 117 300 300 312 98 200 200 91 200 249 54 100 100 100 42 0 0 0 Q3 '06 Q3 '07 Q3 '06 Q3 '07 Q3
Slide 17: Balance Sheet: Key Figures
Balance Sheet: Key Figures Net Financial Debt (in million Euro) Gearing Ratio (%) 90.3% 83.6% 75.9% 73.8% 75.5% 73.6% 66.5% 65.8% 65.1% 852 809 41.4% 704 17.0% 17.8% Q4 '06 Q2 '07 Q3 '07 Dec. Dec. Dec. Dec. Dec. Mar June Sep. Dec. Mar June Sept. '01 '02 '03 '04 '05 '06 '06 '06 '06 '07 '07 '07 17
Slide 18: Free Cash Flow 9M '07 (in million Euro)
Free Cash Flow 9M ‘07 (in million Euro) 248 -73 110 -102 138 73 Recurring EBIT Recurring EBITDA Capex Working Capital Cash generated by business 18
Slide 19: Questions & Answers
Questions & Answers AGFA &