Slide 1: Q3 2017 Results
Q3 2017 Results 8 November 2017
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q3'16 Q3'17 ∆% 9M'16 9M'17 ∆% (excl. X-rate) (excl. X-rate) Sales 625 593 -5.1%(-2.9%) 1,873 1,803 -3.7%(-3.9%) Gross Profit* 209 195 -6.7% 634 600 -5.4% as a % of sales 33.4% 32.9% 33.8% 33.3% SG&A* -124 -117 -5.6% -380 -375 -1.3% SG&A as % of sales 19.8
Slide 3: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q3'16 Q3'17 ∆% 9M '16 9M '17 ∆% Recurring EBIT* 49 40 -18.4% 147 113 -23.1% Restructuring and non-recurring -6 -9 0 -14 Operating result 43 31 -27.9% 147 99 -32.7% Non-operating result -11 -8 -40 -28 Profit before taxes 32 23 107 71 Taxes -7 -9 -32 -22 Ne
Slide 4: Net Financial Debt (in million Euro)
Net Financial Debt (in million Euro) 191 176 175 126 94 102 83 58 52 40 31 Q1’17 27 22 -18 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 -37 Q2'17 Q3'17 4
Slide 5: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) 800 Inventories 800 Trade Receivables* 800 Trade Payables 700 700 700 600 600 600 580 577 575 561 563 544 542 537 531 534 526 500 512 512 528 500 500 483 400 400 421 400 413 399 388 384 371 363 374 364 300 349 351 337 346 300 300 324 330 112 114 11
Slide 6: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q3 2017 • Most of the Agfa-Gevaert Group’s growth engines performed well in the third quarter of 2017. The Group’s top line decrease was mainly due to the strength of the Euro versus other currencies and the decline in the traditional businesses. Excluding curre
Slide 7: Graphics
Graphics AGFA
Slide 8: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment 9M 2017 100% = 893 million Euro Inkjet, Software, Service 24% Analog Prepress Digital 10% Prepress 66% 8
Slide 9: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q3'16 Q3'17 ∆% 9M'16 9M'17 ∆% (excl. curr.) (excl. curr. ) Sales 308 284 -7.8%(-4.7%) 936 893 -4.6%(-4.4%) Gross Profit* 91 79 -13.2% 280 262 -6.4% as a % of sales 29.5% 27.8% 29.9% 29.3% SG&A* -64 -59 -7.8% -196 -190 -4.1% as % of sales 20.8% 20.8% 20.9% 21.3
Slide 10: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q3 2017 • Continuing the good performance of the previous quarters, the business group’s inkjet segment posted double-digit growth. • Competitive pressure in the offset markets continued to weigh on prepress volumes and printing plate prices, although the pr
Slide 11: HealthCare
HealthCare AGFA
Slide 12: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment 9M 2017 100% = 761 million Euro Hardcopy 27% Classic Radiology 6% CR/Modalities 20% Imaging IT Solutions* HCIS 30% 17% HealthCare IT = 47% * Includes Radiology and Cardiology IT 12
Slide 13: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q3'16 Q3'17 ∆% 9M'16 9M'17 ∆% (excl. curr.) (excl. curr. ) Sales 271 258 -4.8%(-3.6%) 802 761 -5.1%(-5.7%) Gross Profit* 108 105 -2.8% 321 301 -6.2% as a % of sales 39.9% 40.7% 40.0% 39.6% SG&A* -55 -52 -5.5% -166 -167 0.6% as % of sales 20.3% 20.2% 20.7% 21
Slide 14: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q3 2017 • Most of the business group’s growth engines performed well in the third quarter. • The topline decline was largely attributable to the hardcopy and classic X- ray product ranges. However, the top line impact of the reorganization of the hardcopy
Slide 15: Specialty Products
Specialty Products AGFA
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Q3'16 Q3'17 ∆% 9M'16 9M'17 ∆% (excl. curr.) (excl. curr. ) Sales 46 50 8.7%(10.8%) 135 148 9.6%(10.0%) Gross Profit* 10 11 10.0% 33 37 12.1% as a % of sales 21.7% 22.0% 24.4% 25.0% SG&A* -5 -5 0.0% -18 -18 0.0% as % of sales 10.9% 10.0% 13.3% 12.2% R
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q3 2017 • Agfa Specialty Products’ revenue increased to 50 million Euro. The strong performances of the Printed Circuit Board business, Synaps Synthetic Paper and the Specialty Chemicals (including Orgacon Electronic Materials) more than compensate
Slide 18: Questions & Answers
Questions & Answers AGFA