JOST Werke SE · XETR:JST
JOST Werke — 9M 2019 Earnings Presentation
16 slides from JOST Werke's earnings presentation, Nov 8, 2019
Slide 1: Preliminary 9M 2019
Preliminary 9M 2019 Joachim Dürr (CEO) Dr. Christian Terlinde (CFO) JOST Werke AG – November 8, 2019
Slide 2: Agenda
Agenda 1. Highlights – Preliminary 9M 2019 2. Market outlook 3. Detailed results review 4. Company outlook 5. Q&A Appendix 1
Slide 3: Business highlights – Preliminary 9M 2019
Business highlights – Preliminary 9M 2019 Markets slowed down in Q3; group sales in 9M up +1.9% to €568m JOST’s sales in Europe were down by -2.3% to €343m in 9M, despite strong decline of trailer Sales markets North America continued with strong momentum +20.9% to €129m in 9M Sales in APA down -3.1
Slide 4: Agenda
Agenda 1. Highlights – Preliminary 9M 2019 2. Market outlook 3. Detailed results review 4. Company outlook 5. Q&A Appendix 3
Slide 5: Truck and trailer market outlook for 2019
Truck and trailer market outlook for 2019 Europe North America APA (1)-0% 5-10% (10)-(5)% Truck Slight decline expected due to Another strong year on top of Market slow down continues increasing weakness in Q4 already very high levels (15)-(10)% 0-3% (10)-(5)% Trailer Declining market expected Growt
Slide 6: Agenda
Agenda 1. Highlights – Preliminary 9M 2019 2. Market outlook 3. Detailed results review 4. Company outlook 5. Q&A Appendix 5
Slide 7: Group – Seasonal weakness in Q3 stronger than in prior year
Group – Seasonal weakness in Q3 stronger than in prior year Key financials Key highlights Reported 1.9% -4.9% growth ❖ Continued high activity level in Organic North America partially offset 0.7% -6.1% growth weakness of markets in Europe Sales1 (€m) and India during Q3 568.1 579.1 187.0 177.8 ❖ In
Slide 8: Europe – Decline of standard trailer markets burdens Europe
Europe – Decline of standard trailer markets burdens Europe Key financials Key highlights Reported -2.3% -5.1% growth ❖ Typical Q3 seasonality in Europe Organic was stronger than in prior years, -2.2% -5.1% growth but sales remained on a high level 351.0 343.0 with Q3 19 being the second Sales (€m)
Slide 9: North America – Ongoing strong topline and earnings growth
North America – Ongoing strong topline and earnings growth Key financials Key highlights Reported 20.9% 6.8% growth ❖ JOST continued its growth in North Organic America, with sales up by +20.9% 13.8% 2.1% growth in 9M and +6.8% in Q3 129.3 Sales (€m) 106.9 ❖ Reported sales grew stronger than 40.6 43
Slide 10: APA – Ongoing weakness in India affects APA results
APA – Ongoing weakness in India affects APA results Key financials Key highlights Reported -3.1% -16.6% growth ❖ Sales in APA were down by 17% in Q3, mostly due to strong decline of Organic -2.8% -17.2% growth truck and trailer demand in India Sales (€m) 110.2 ❖ In 9M sales only down by 3.1% due to
Slide 11: Agenda
Agenda 1. Highlights – Preliminary 9M 2019 2. Market outlook 3. Detailed results review 4. Company outlook 5. Q&A Appendix 10
Slide 12: Development of JOST’s sales and adjusted EBIT by quarter
Development of JOST’s sales and adjusted EBIT by quarter Sales (€m) Adj. EBIT (€m) 199 202 190 191 187 187 181 181 178 172 171 168 166 149 147 23.7 23.9 22.5 22.7 21.8 21.3 20.6 20.3 19.5 19.0 16.8 15.9 14.1 12.5% 12.5% 12.0% 12.0% 12.0% 11.4% 12.6 11.2%10.8% 11.2% 10.7% 10.2% 10.4 9.4% 8.5% 7.5% 7.
Slide 13: Outlook for FY 2019 adjusted
Outlook for FY 2019 adjusted FY 2018 Outlook 2019 (old)1 Outlook 2019 (new) Sales 755 Low-single-digit % growth Low-single-digit % decline Adjusted EBITDA 100 Low-single-digit % growth Low-single-digit % decline Adjusted EBIT 81 Low-single-digit % growth Low-single-digit % decline Adjusted EBIT marg
Slide 14: Agenda
Agenda 1. Highlights – Preliminary 9M 2019 2. Market outlook 3. Detailed results review 4. Company outlook 5. Q&A Appendix 13
Slide 15: Further information
Further information Financial Calendar 2019 IR Contact Nov. 21 Publication of Final 9M 2019 Results Romy Acosta Senior Manager Investor Relations Nov. 22 Road Show London, UK romy.acosta@jost-world.com Phone: +49-6102-295 379 Fax: +49-6102-295 661 14
Slide 16: Disclaimer
Disclaimer THIS PRESENTATION IS CONFIDENTIAL AND MUST NOT BE RELEASED, PUBLISHED, TRANSMITTED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This presentation