Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — 9M FY2018/2019 Earnings Presentation

14 slides from Heidelberger Druckmaschinen's earnings presentation, Feb 7, 2019

  1. Slide 1: Results 9m FY2018/2019

    Heidelberger Druckmaschinen AG Results 9m FY2018/2019 RAINER HUNDSDÖRFER, CEO | DIRK KALIEBE, CFO February 7, 2019 The art of giving brands and products a face.

  2. Slide 2: New anchor shareholder – Masterwork Group Co., Ltd

    New anchor shareholder – Masterwork Group Group Co., Ltd Strengthening of existing partnership  Improve access to packaging customers with a complete solution offering  Strengthening Heidelberg's position in the growth market of China  Improve competitive position of Shanghai production site thro

  3. Slide 3: Update Strategy: Digital transformation progresses

    Update Strategy Digital transformation progresses  26 subscription contracts signed*, first subscription machines have started operation  Yearly agreed printing volume > 1 billion impressions p.a.  Serial production of Digital printing machine Primefire has started; first machines have started op

  4. Slide 4: Highlights Q3

    Highlights Q3 Stable market development & unchanged outlook  Market situation: Stable market development overall, especially in core markets Germany, China and USA. Generally good project situation but customers seem to become more cautious regarding economic outlook  Noticeable shortages in the s

  5. Slide 5: Key figures 9m 2018/19

    Key figures 9m 2018/19 9m 17/18 9m 18/19 Δ pY ● Order intake after 9m in line with previous year, Q3 with € 606m down yoy (PY € 678m) mainly due to postponement of Order intake 1,912 1,912 contracts into Q4, Brexit and outphasing of a funding program Sales 1,657 1,693 +2% in Italy; order backlog (€

  6. Slide 6: Sales and EBITDA by segment in 9m FY2018/19

    Sales and EBITDA by segment in 9m FY2018/19 • Heidelberg Digital Technology: Benefits from higher sales of Sheetfed, Label and Digital print. High investments in Digital portfolio and unfavorable sales mix burden operating result. • Heidelberg Lifecycle Solutions: Sales and operating result stable o

  7. Slide 7: Balance sheet

    Balance sheet > Assets FY 2018 FY 2018 FY 2019 > Equity and liabilities FY 2018 FY 2018 FY 2019 31-12-2017 31-03-2018 31-12-2018 31-12-2017 31-03-2018 31-12-2018 Figures in mEUR Figures in mEUR Fixed assets 793 810 840 Equity 345 341 361 Current assets 1.318 1.367 1.337 Provisions 851 878 832 thereo

  8. Slide 8: Financial framework

    Financial framework Financial instruments Maturity profile per calendar year Other | amortizing 725 RCF 35 (5%) REL | amortizing EIB | amortizing Corporate Bond (HYB) (May-2022) Convertible Bond (CB) (Mar-2022) 320 (44%) 350 65 62 0 (9%) 270 100 27 (14%) 9 25 320 150 150 (21%) 59 28 9 2 4 19 9 1 59*

  9. Slide 9: Outlook

    Outlook FY 2017/18 FY 2018/19 Mid-term-target € 2.420m moderate growth up to € 3 bn +€ 500m 7.1 % 7 – 7.5% up to 10% EBITDA* 250 – 300m HDT ~ 6% HDT 2-3% HDB ~8.5% HDLS 12-13% moderate increase € 14m (incl. one-time > € 100m tax effect 17 /18) 1,4 <2 <2 *Result of operating activities excluding rest

  10. Slide 10: BACKUP

    BACKUP © Heidelberger Druckmaschinen AG

  11. Slide 11: Order intake – regional split

    Order intake – regional split Order intake 9m 2018/19 (9m 2017/18) South America 3.1% North America (3.3%) 16.8% (16.9%) EMEA 42.7% (43.5%) € 1,912m (€ 1,912m) 26.0% (26.2%) Asia/Pacific 11.5% (10.1%) Eastern Europe © Heidelberger Druckmaschinen AG 11

  12. Slide 12: Key figures Q3 single

    Key figures Q3 single 3m 17/18 3m 18/19 Δ pY Order intake 678 606 -11% Sales 603 579 -4% EBITDA 45 39 -6 excl. restr. result EBIT excl. restr. result 27 21 -6 Restructuring result -1 -3 -2 Financial result -11 -11 Net result before taxes 15 7 -8 Net result after taxes -10 4 +14 Free cash flow 12 -33

  13. Slide 13: Financial Calendar

    Financial Calendar Figures FY 2018/2019 June 06, 2019 AGM FY 2018/2019 July 25, 2019 © Heidelberger Druckmaschinen AG 13

  14. Slide 14: Important notice

    Important notice This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future

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