Draegerwerk Ag & Co. Kgaa · XETR:DRW8
Draegerwerk Ag & Co. Kgaa — Drägerwerk AG & Co. KGaA — Q1 2016 Earnings Presentation
17 slides from Draegerwerk Ag & Co. Kgaa's earnings presentation, Apr 26, 2016
Slide 1: Conference call Interim report January 1 to March 31, 2016
Conference call Interim report January 1 to March 31, 2016 Lübeck, April 26, 2016
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities. No money, securities or other consideration is being solicited by this presentation. This presentation contains forward-looking statements regarding the future d
Slide 3: Business Highlights Q1
Business Highlights Q1 Net Sales -2.4% Due to low order book at the end of Q4, weak start into Currency the year. adjusted +0,2% Functional expenses down year over year. More cost 545.5 nominal savings to be implemented in the coming quarters. 532.4 No significant one-off during the quarter. Q1‘15 Q
Slide 4: Order development in Q1
Order development in Q1 Order entry (€ million) Net Sales Group Medical Safety Group America 116 +5.2% +1.6% +13.3% -3.6% Africa, Asia, +6.6% +0.6% -2.0% 160 +5.0% Australia Europe 324 -3.8% -8.5% +3.5% +2.6% +0.2% Group 600 -2.2% +4.6% +0.2% Growth rates are net of currency effects 4
Slide 5: Business development Q1 Group
Business development Q1 Group Q1 2015 Q1 2016 Change € million € million % Order Intake 615.3 599.6 -2.5 1 Net Sales 545.5 532.4 -2.4 1 % growth (currency adjusted) -0.3% 0.2% Gross Profit 257.8 223.4 -13.3 Gross margin 47.3% 42.0% Functional Expenses -253.2 -239.1 5.6 % of Net Sales -46.4% -44.9% E
Slide 6: Functional Expenses
Functional Expenses Q1 2015 Q1 2016 Change Change net of currency effects € million € million % % R&D -56.3 -54.2 -3.7 -3.5 % of Net Sales 10.4% 10.6% Sales & Marketing -141.0 -134.7 -4.5 -2.5 % of Net Sales -25.8% -25.3% Administration -55.5 -50.7 -8.7 -7.6 % of Net Sales -10.2% -9.5% SG&A -196.5 -
Slide 7: Key Figures
Key Figures Q1 2015 Q1 2016 Change € million € million % Cashflow from operating activities -62.6 10.4 >100 Investments 91.3 24.2 -73.5 1 Cash and cash equivalents 141.9 176.9 24.6 1 Net financial debt 150.4 153.3 1.9 1 2 0.63 1.14 Net financial debt /EBITDA 1 Capital employed 1,269.7 1,248.2 -1.7 2
Slide 8: Business development Q1 Segments
Business development Q1 Segments EBIT- Order entry Net sales Net sales EBIT margin ∆ in %* million € ∆ in %* million € % Europe -3.8 299.7 2.6 -5.3 -1.8 America 5.2 103.9 -3.6 -8.8 -8.4 Africa, Asia, Australia 5.0 128.8 -2.0 -1.6 -1.2 Group 0.2 532.4 0.2 -15.7 -2.9 Medical -2.2 338.2 -2.1 -17.0 -5.0
Slide 9: Outlook
Outlook 2015 2016e 2017e Net Sales + 2.9% 0.0% – 3.0% Slight increase (net of currency effects) (net of currency effects) compared to prior year (net of currency effects) EBIT margin 2.6% 3.5% – 5.5%* improvement* Gross profit margin 44.9% Below prior year Cash flow from 59.8% > 60% operational acti
Slide 10: Questions & Answers
Questions & Answers Drager 10 Drager. Technik fiir das Leben®
Slide 11: Appendix
Appendix 11
Slide 12: Business development Segments
Business development Segments Europe Americas Africa, Asia, Australia Dräger Group Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 € million € million € million € million € million € million € million € million Order entry 341.4 324.0 116.4 115.8 157.5 159.9 615.3 599.6 Net Sales 296
Slide 13: Business development Safety
Business development Safety Q1 2015 Q1 2016 Change Change € million € million % % (FX adj.) Order entry 212.8 216.2 1.6 4.6 Europe 134.9 137.3 1.8 3.5 America 36.2 39.0 7.8 13.3 Africa, Asia, Australia 41.7 39.9 -4.3 0.6 Net Sales 191.2 194.2 1.6 4.4 Europe 119.1 126.8 6.5 8.4 America 35.2 34.7 -1.5
Slide 14: Business development Medical
Business development Medical Q1 2015 Q1 2016 Change Change € million € million % % (FX adj.) Order entry 402.5 383.5 -4.7 -2.2 Europe 206.5 186.7 -9.6 -8.5 America 80.3 76.8 -4.3 1.6 Africa, Asia, Australia 115.8 120.0 3.6 6.6 Net Sales 354.3 338.2 -4.6 -2.1 Europe 177.4 172.9 -2.6 -1.2 America 77.9
Slide 15: Cash-flow statement
Cash-flow statement Q1 2015 Q1 2016 Change € million € million % Group net profit -3.1 -13.6 >-100 Change in inventories -56.2 -19.1 65.9 Change in accounts receivables 65.2 102.4 57.1 Change in accounts payables -34.6 -46.8 -35.2 Depreciation and amortization 19.6 19.7 0.5 Other operating cash flow
Slide 16: Financial calendar
Financial calendar March 9, 2016 - Accounts press conference, Lübeck - Analysts meeting, Frankfurt April 26, 2016 - Report for the first three months 2016 Conference call, Lübeck April 27, 2016 - Annual shareholders' meeting, Lübeck July 28, 2016 - Report for the first six months 2016 Conference cal
Slide 17: Contact
Contact Melanie Kamann Thomas Fischler Corporate Communications Investor Relations Drägerwerk AG & Co. KGaA Drägerwerk AG & Co. KGaA Moislinger Allee 53−55 Moislinger Allee 53−55 23558 Lübeck, Germany 23558 Lübeck, Germany Tel +49 451 882-3998 Tel +49 451 882-2685 Fax +49 451 882-3944 Fax +49 451 88
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