Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — Q1 2019 Earnings Presentation
14 slides from Rational Aktiengesellschaft's earnings presentation, May 7, 2019
Slide 1: A different kind of inspiration
A different kind of inspiration For the professional kitchens of the world Telephone Conference on the Q1 2019 figures
Slide 2: Highlights during Q1 – Management Summary
Highlights during Q1 Management Summary Satisfying start into FY 2019 › Successful year-end close 2018, dividend of 9.50 € per share*, Reporting enhanced › Merge of RATIONAL and FRIMA almost completed › Roll Out of several internal projects well on track › Good business performance overall, guidance
Slide 3: Q1 figures at a glance
Q1 figures at a glance +12% Sales revenue growth Gross EBIT margin 59% 24% margin New employees 76% Equity ratio hired 53 Both product groups with positive development Outlook confirmed 3
Slide 4: F/X as the biggest non-operative driver during Q1
F/X as the biggest non-operative driver during Q1 YoY comparison First Quarter 2019 USD GBP CAD JPY CNY MXN +8% +6% +5% +4% +15% +2% +2% F/X Rate development, YoY 2019 vs. 2018, in % 4
Slide 5: Q1 figures with constant currencies
Q1 figures w/ constant currencies Reported Currency neutral Group-wide sales revenue growth +12 % +10 % Gross margin 59.1 % 58.5 % EBIT margin 24.0 % 22.2 % 5
Slide 6: Successful organic growth path continues
Successful organic growth path continues Q1 2019: Overproportional sales growth F/X 778 Favorable product mix 702 613 After Sales business 564 497 461 173 194 +15% +6 % +8 % +13 % +9 % +14 % +11 % +5 % +12 % 2013 2014 2015 2016 2017 2018 Q1 2018 Q1 2019 Sales revenue in m EUR Sales revenue gro
Slide 7: Worldwide success
Worldwide success Q1 2019: Germany, North America and Asia as main drivers Germany (+ 16%) North America 13% (+ 26%) 19% 45% Europe (+ 6%) 14% Asia (+ 17%) (excluding Germany) Latin America 5% (+ 6%) Rest of the world 4% (+ 3%) 7
Slide 8: Good performance in both product segments
Good performance in both product segments VarioCookingCenter® with good growth Sales Sales Combi Steamers VarioCookingCenter® +12% 179 160 +17% 13 16 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Sales revenues in m EUR Sales revenue growth in % 8
Slide 9: High EBIT margin level
High EBIT margin level Q1 2019: 24% EBIT margin +15% +11% +13% +10% +5% +4% +14% 128 145 160 167 188 205 41 47 m Euro -7% 29% 28% 28% 27% 27% 26% 24% 24% 2013 2014 2015 2016 2017 2018 Q1 2018 Q1 2019 Change in % EBIT margin in % 9
Slide 10: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity Q1 2019 Q1 2018 Non-current assets 185 143 Inventories 63 48 Trade receivables 125 114 Other assets 102 88 Liquid funds 169 179 Total assets 644 572 Equity 492 455 Non-current liabilities 35 28 Current provisions 4
Slide 11: Continued investments for growth and efficiency
Continued investments for growth and efficiency Investment in infrastructure, products and processes Scoping of new Logistics center 50 Factory expansion Wittenheim 43 Regional footprint Sales & Services 40 25 19 19 17 14 12 9 10 8 2014 2015 2016 2017 2018 2019e Capital Investments Depreciatio
Slide 12: Share price development
Share price development Outperforming of various benchmarks 280 260 Basket of benchmarks developed 240 IR work expanded to new levels 220 200 180 160 140 120 100 80 Jan 15 Apr 15 Jul 15 Okt 15 Jan 16 Apr 16 Jul 16 Okt 16 Jan 17 Apr 17 Jul 17 Okt 17 Jan 18 Apr 18 Jul 18 Okt 18 Jan 19 Apr 19 (Data
Slide 13: Upcoming events – Financial calendar 2019
Upcoming events Financial calendar 2019 14.03.2019 Financial figures fiscal year 2018 07.05.2019 Financial figures 3M 2019 15.05.2019 General shareholders‘ meeting 2019 22.05.2019 RATIONAL Capital Markets Day 2019 08.08.2019 Financial figures HY 2019 31.10.2019 Financial figures 9M 2019 13
Slide 14: RATIONAL
RATIONAL