Sgl Carbon Se · XETR:SGL
Sgl Carbon — SGL Group — H1 2015 Earnings Presentation
17 slides from Sgl Carbon's earnings presentation, Aug 6, 2015
Slide 1: Interim Financial Report H1/2015 Investor & Analyst Conference Call
IInterim t i Financial Fi i lRReportt H1/2015 Investor & Analyst Conference Call 06 August 2015 Investor Relations
Slide 2: Agenda
Agenda. 1. Financials H1/2015 2. Review and outlook 2015 Page 2 | SGL Group – Investor Relations | 06 August 2015
Slide 3: Performance Products. Substantial EBIT improvement despite lack of recovery in graphite electrodes
Performance Products. Substantial EBIT improvement despite lack of recovery in graphite electrodes in € million H1/2015 H1/2014 Sales revenue 269.8 273.9 EBITDA before non-recurring charges* 37.8 26.8 EBIT before non-recurring charges* 16.9 6.8 EBIT-Margin before non-recurring charges* charges (in %
Slide 4: Graphite Materials & Systems. Lower sales and earnings resulting mainly from big ticket order in H1/2014
Graphite Materials & Systems. Lower sales and earnings resulting mainly from big ticket order in H1/2014 in € million H1/2015 H1/2014 Sales revenue 219.0 234.6 EBITDA before non-recurring charges* 27.7 38.6 EBIT before non-recurring charges* 16.6 28.3 EBIT-Margin before non-recurring charges* charge
Slide 5: Carbon Fibers & Materials. Substantial progress towards profitability
Carbon Fibers & Materials. Substantial progress towards profitability in € million H1/2015 H1/2014 Sales revenue 161.0 142.3 EBITDA before non-recurring charges* 13.9 -6.5 EBIT before non-recurring charges* 3.2 -12.5 EBIT-Margin before non-recurring charges* charges (in %) 20 2.0 -8 8 -8.8 EBIT 3.1
Slide 6: T&I and Corporate. SGL2015 savings offset by various effects
T&I and Corporate. SGL2015 savings offset by various effects in € million H1/2015 H1/2014 Sales revenue 5.3 4.4 EBITDA before non-recurring charges* -18.3 -18.0 EBIT before non-recurring charges* -21.7 -21.5 EBIT -22 3 -22.3 -36 3 -36.3 Recurring EBIT nearly unchanged - savings from SGL2015 offset
Slide 7: Group. Improved EBIT reflects operational improvements and lower non-recurring charges
Group. Improved EBIT reflects both operational improvements and lower non-recurring charges in € million H1/2015 H1/2014 Sales revenue 655.1 655.2 EBITDA before non-recurring charges 61.1 40.9 EBIT before non-recurring charges 15.0 1.1 Non-recurring charges -5 5 -5.5 -19 7 -19.7 EBIT 9.5 -18.6 Inc
Slide 8: Group. Improved result from continuing operations on flat sales demonstrates effectiveness of SGL2015
Group. Improved result from continuing operations on flat sales demonstrates effectiveness of SGL2015 in € million H1/2015 H1/2014 EBIT 9.5 -18.6 Results from investments accounted for At-Equity 0.0 -3.2 Net financing result -24.7 -17.5 Results from continuing operations before income taxes -15 2 -1
Slide 9: Balance sheet. Solid despite slight deterioration
Balance sheet. Solid despite slight deterioration in € million 30.06.2015 31.12.2014 Total assets 2,067.2 2,170.3 Equity ratio (in %) 24.2 26.2 Total liquidity 238.5 347.5 Net financial debt 522.6 389.9 Gearing (net debt/equity) 1.04 0.69 Total ota assets dec declined ed sslightly g t y desp despi
Slide 10: Free cash flow. As anticipated in March/April 2015
Free cash flow. As anticipated in March/April 2015 Continuing operations in € million H1/2015 H1/2014 Cash flow from operating activities -85.4 -23.1 Capital expenditures in property, plant and equipment and intangible assets -30.1 -60.5 - thereof SGL ACF -8.7 -36.0 - thereof SGL Group excluding SGL
Slide 11: Agenda
Agenda. 1. Financials H1/2015 2. Review and outlook 2015 Page 11 | SGL Group – Investor Relations | 06 August 2015
Slide 12: July 7, 2015: Next step in strategic realignment process announced
July 7, 2015: Next step in strategic realignment process announced announced. Dedicated business models for different market requirements Accelerate growth mode by adapting Implement p commodityy business processes and launching growth initiatives model and prepare for strategic options Graphite Mat
Slide 13: Value creation through Transformation of Business Models
Value creation through Transformation of Business Models. Models GMS/CFM PP Building an innovation and technology- Ensuring a globally leading commodity driven materials and solutions business Performance Products business Increase share in exciting growth Increase competitiveness through market
Slide 14: July 20, 2015: Agreement on the sale of the composite aerostructures business of HITCO
July 20, 2015: Agreement on the sale of the composite aerostructures business of HITCO. HITCO SGL Group concluded an agreement with Toronto-listed Avcorp Industries Inc. (Canada) on the sale l off HITCO’s HITCO’ bbusiness i off manufacturing f i composite i structurall parts ffor commercial i l an
Slide 15: Business unit outlook 2015. Savings drive improvement in PP
Business unit outlook 2015. Savings drive improvement in PP. PP Lower ramp up costs in CFM Performance Products (PP): Sales expected on prior year level. Graphite electrode volumes lower than h previous i year. R Raw material i l iinduced d d price i adjustments. dj Hi h volumes Higher l i cathode
Slide 16: Group outlook 2015. Net profit to benefit from improved EBIT and lower restructuring expenses
Group outlook 2015. Net profit to benefit from improved EBIT and lower restructuring expenses Full year Group sales expected stable - lower prices resulting from reduced raw material costs, compensatedt d by b currency gains g i and d better b tt demand d d in i Business B i Unit U it CFM. CFM No
Slide 17: Thank you for your attention!
Thank you for your attention ! Y Your questions, ti please l © Copyright SGL CARBON SE ® Registered trademarks of SGL CARBON SE