Slide 1: Half-Year Results 2019
Half-Year Results 2019 . .Media . . and . .Investor . . .Presentation, . . . . .July . 18, . .2019 . . . . . . . . . . . . . . . .Dr. Norbert . . Klapper, . . Group . . CEO . . . . . . . . . . . . . . . . . . . . . . . . .Half-Year Kurt.Ledermann, . . 2019,.Group Results . &CFO Media . . Presentatio
Slide 2: Key Messages
Key Messages First half of 2019 characterized by low demand in the new machinery business • Order Intake in the first half of 2019 amounted to CHF 378.3 million, 26% below the previous year period • At CHF 416.1 million, sales were 19% down on the previous year period • EBIT of CHF -1.2 million and
Slide 3: Sales by Regions Half-Year 2019
Sales by Regions Half-Year 2019 Growth in Vietnam, Pakistan and India, all other regions with lower sales Europe China 2019 23.1 2019 72.6 2018 26.5 2018 82.6 North and Asian countries South America Turkey 2019 165.4 2019 54.8 2019 24.5 2018 200.1 2018 59.6 2018 58.3 Africa India Sales (in CHF milli
Slide 4: Financial Highlights Half-Year 2019
Financial Highlights Half-Year 2019 CHF million Order intake 378.3 -26% Weak order intake in the new machinery business Sales 416.1 -19% Consequence of low order intake since Q4 2018 EBITDA 4.4% 18.3 margin Lower sales in new machinery business EBIT -0.3% Components delivered lower volumes to Machin
Slide 5: Order Intake by Business Group
Order Intake by Business Group CHF million • Machines & Systems: Overcapacity in spinning mills, trade conflict US/China, political and economic uncertainties in -26% major markets 512 • Components: Decline in business activities 378 of SSM and Suessen, lower volumes 298 supplied to Machines & Syste
Slide 6: Sales by Business Group
Sales by Business Group CHF million • Machines & Systems: Low order intake since Q4 2018 -19% • Components: Decline related, in particular, 515 to the business activities of SSM and 416 Suessen, wear and tear parts business for 304 spinning mills at a good level 221 • After Sales: Installation volum
Slide 7: Operating Result (EBIT)
Operating Result (EBIT) CHF million HY1 2019 HY1 2018 Comments Machines & Systems -23.8 -14.8 Lower sales third, cost cutting measures Lower sales third and lower volumes Components 6.4 19.2 delivered to Machines & Systems After Sales 12.3 11.2 Despite lower sales third Corporate/Others 3.9 -1.5 One
Slide 8: Capacity Adjustments and Cost Reduction on Track
Capacity Adjustments and Cost Reduction on Track -11.8% • Stable gross margin at 27% despite 5 745 significant lower volume (-19%) FTE1 611 5 067 324 • Reduction of selling, general and adminis- trative expenses >10% (CHF 12.1 million) • R&D at previous year’s level -7.6% 5 134 4 743 December 2018 J
Slide 9: Innovations at ITMA (1)
Innovations at ITMA (1) Half-Year Results 2019, Media & Investor Presentation, July 18, 2019 9
Slide 10: Innovations at ITMA (2)
Innovations at ITMA (2) Half-Year Results 2019, Media & Investor Presentation, July 18, 2019 10
Slide 11: Rieter Awarded Large Contract from Egypt
Rieter Awarded Large Contract from Egypt • Large contract signed with Cotton & Textile Industries Holding Company, Cairo (Egypt) • Total volume of approximately CHF 180 million • Order intake expected in 2019, sales in 2020/2021 Half-Year Results 2019, Media & Investor Presentation, July 18, 2019 11
Slide 12: Rieter Property in Ingolstadt/Germany
Rieter Property in Ingolstadt/Germany • Closing of Ingolstadt real estate transaction expected in Q3 2019 • Extraordinary net profit contribution of EUR 60 million Half-Year Results 2019, Media & Investor Presentation, July 18, 2019 12
Slide 13: Outlook
Outlook Demand for new machinery remained at a low level in the first half of 2019. Rieter does not anticipate a significant upturn in the market in the second half year period. For the full financial year 2019, compared to the previous year Rieter expects a significant decline in sales, EBIT and ne
Slide 14: Disclaimer
Disclaimer Rieter is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever
Slide 15: Appendix
Appendix Half-Year Results 2019, Media & Investor Presentation, July 18, 2019 15
Slide 16: Board of Directors
Michael Pieper Bernhard Jucker Hans-Peter Schwald Carl Illi Member of the BoD Chairman of the BoD Member of the BoD Member of the BoD Chairman of the SC Member of the AC/NC/RC Member of the AC/SC Member of the NC/RC Peter Spuhler This E. Schneider Roger Baillod Luc Tack Member of the BoD Vice Chairm
Slide 17: Group Executive Committee
Group Executive Committee Dr. Norbert Klapper Carsten Liske Serge Entleitner Chief Executive Officer Head Business Group Machines & Systems Head Business Group Components Rico Randegger Kurt Ledermann Thomas Anwander Head Business Group After Sales Chief Financial Officer General Counsel and Company
Slide 18: Key Data per Share
Key Data per Share Rieter registered shares of CHF 5 nominal value 30/06/2019 31/12/2018 30/06/2018 Bloomberg: RIEN SW; Thompson Reuters: RIEN.S Shares outstanding excl. own shares (end of period) 4 496 338 4 480 956 4 526 037 Average shares (of period) 4 489 378 4 514 846 4 526 055 Share price (end