Vossloh Aktiengesellschaft · XETR:VOS

Vossloh Aktiengesellschaft — 9M 2014 Earnings Presentation

14 slides from Vossloh Aktiengesellschaft's earnings presentation, Oct 30, 2014

  1. Slide 1: Presentation to Investors

    Presentation to Investors October 30, 2014, interim report as of September 30, 2014

  2. Slide 2: Disclaimer

    Disclaimer Note: This presentation contains statements concerning the future business trend of the Vossloh Group which are based on assumptions and estimates of the Company’s management. If the assumptions underlying the forecasts fail to materialize, the actual results can significantly deviate fro

  3. Slide 3: Group restructuring and realignment shaping development of results

    Vossloh Group, 9 months 2014 Group restructuring and realignment shaping development of results  Weak business development of Vossloh Group: Sales only slightly above prior year and especially in the case of Vossloh Locomotives, Vossloh Electrical Systems and Vossloh Switch Systems significantly be

  4. Slide 4: Sales growth in Europe and Latin America, sales decline in Asia

    Vossloh Group, 9 months 2014 Sales growth in Europe and Latin America, sales decline in Asia Sales trend worldwide (in € million) Sales trend in Europe (in € million) 1200 700 1100 650 622 959 968 588 1000 19 (-28.6 %) 600 62 (+22.9 %) 26 50 900 18 38 (+118.0 %) 550 (-5.6 %) 62 67* 59 173 (-27.0 %)

  5. Slide 5: Investment focus clearly on Rail Infrastructure

    Vossloh Group, 9 months 2014 Investment focus clearly on Rail Infrastructure Investment (in € million)* Amortization/depreciation € million 1-9/2013 1-9/2014 ∆ in % (in € million)* Group ∑ 42.5 (43.8) ∑ 41.6 ∑ 29.5 (32.0) ∑ 119.9 50 140 Investment 42.5 41.6 -2.2 45 0.5 0.2 0.6 120 Amort./deprec. 29.

  6. Slide 6: Weak business development and growing working capital burden cash flow

    Vossloh Group, 9 months 2014 Weak business development and growing working capital burden cash flow Cash flow analysis (in € million) 1-9/2013 1-9/2014 EBIT 34.6* (34.4) -150.4 Amortization/depreciation/write-down of noncurrent assets (net, after write-up) 29.5* (32.1) 119.9 Change in noncurrent pro

  7. Slide 7: Equity declines, working capital significantly improved

    Vossloh Group, 9 months 2014 Equity declines, working capital significantly improved  Equity declines, i.a. following extensive impairment write-downs recognized in the income statement  Working capital significantly improved especially due to advance payments received in the fourth quarter of 201

  8. Slide 8: Slight sales decline, EBIT negative due to special factors

    Rail Infrastructure division, 9 months 2014 Slight sales decline, EBIT negative due to special factors  Sales in Rail Infrastructure division slightly below high level of prior year due to expected lower sales of Vossloh Fastening Systems  Negative EBIT resulting from high restructuring expenses i

  9. Slide 9: Orders received increase to €640 million; order backlog at €517 million

    Rail Infrastructure division, 9 months 2014 Orders received increase to €640 million; order backlog at €517 million Order backlog Sales Orders received € million 400 350 352 352 342 350 300 336 328 292 250 249 239 200 182 190 150 157 100 50 6 40 42 9 53 54 0 1-9/2013 1-9/2014 1-9/2013 1-9/2014 1-9/2

  10. Slide 10: Sales growth flatter than planned, EBIT before special factors negative

    Transportation division, 9 months 2014 Sales growth flatter than planned, EBIT before special factors negative  Sales of Transportation division above prior year, bolstered by high revenues of Vossloh Rail Vehicles; Electrical Systems business unit continues to remain below earlier expectations  E

  11. Slide 11: Orders received drop to €331 million, order backlog at €1,214 million

    Transportation division, 9 months 2014 Orders received drop to €331 million, order backlog at €1,214 million Order backlog Sales Orders received € million 700 674 600 587 500 540 400 444 363 300 200 100 149 147 103 101 110 107 114 127 111 85 69 71 82 0 1-9/2013 1-9/2014 1-9/2013 1-9/2014 1-9/2013 1-

  12. Slide 12: 2014 forecast confirmed; 2015 moderate improvement expected

    Vossloh Group, outlook 2014 forecast confirmed; 2015 moderate improvement expected  Slight sales increase of up to 3 percent expected in current fiscal year; thus, sales growth considerably flatter than assumed at the beginning of the fiscal year, due to the development in the Transportation divisi

  13. Slide 13: Financial calendar and contacts

    Financial calendar and contacts Financial calendar ▬ December 3, 2014 Presentation of Vossloh AG’s new Group strategy, Frankfurt ▬ March 2015 Publication of Group financial statements 2014 IR contact ▬ Lucia Mathée ▬ Email: investor.relations@ag.vossloh.com Phone: (+49-23 92) 52-609 Fax: (+49-23 92)

  14. Slide 14: Further decline in stock price following announcement of Group realignment

    Vossloh Stock, 9 months 2014 Further decline in stock price following announcement of Group realignment Vossloh stock price development 12/31/2013 – 9/30/2014 85 80 75 70 65 60 55 50 45 40 12/31/2013 31.12.2013 3/31/2014 31.03.2014 Vossloh-Aktie 6/30/2014 MDAX (umbasiert) 30.06.2014 30.09.2014 9/30/

Vossloh Aktiengesellschaft — 9M 2014 Earnings Presentation on 6ix