Facc Ag · VIE:FACC
Facc — Q2 2015/16 Earnings Presentation
11 slides from Facc's earnings presentation, Oct 22, 2015
Slide 1: Analyst Presentation Q2 2015/16
ANALYST PRESENTATION Q2 2015/16 October 22, 2015 This document contains information which is proprietary to FACC or other companies. Page 1 Any reproduction, disclosure or use of this information without FACC‘s prior written consent is expressly prohibited.
Slide 2: Highlights – H1 2015/16
HIGHLIGHTS – H1 2015/16 RECOVERY OF EBIT improved by +20.5 mill. RESULTS EUR 270.1 mill. EUR – Continuous strong 14.5% SALES RC sales INCREASE USD 5.2 BN Orders for new generation aircrafts ORDER BACKLOG Page 2
Slide 3: Market Update
MARKET UPDATE Confidence in cycle remains high Deliveries are increasing as forecasted 2015 order intake expected to be below 2014 numbers (1,262 ytd 2015 vs. 2,888 orders in 2014) Backlog will still grow, book-to-bill currently at 1.7 Delta CEO comments on wide body oversupply hitting A330 and B777
Slide 4: Operations Highlights H1 2015/16
Operations Highlights H1 2015/16 IMPORTANT MILESTONES ACHIEVED PRODUCTION RAMP UP PROGRESSING A320 Sharklet first delivery to Airbus A321 Outboard Flap rate increased to 20 SS / month E2 wing components first delivery to Embraer A350 program ramp progressing to meet rate 7 in Q4/2015 A320 New Interi
Slide 5: Sales Break-down by Segment
SALES BRAKE-DOWN BY SEGMENT Product related revenues grew by 16,2 % in the first half 2015/16. HIGHLIGHTS + 20 % 16.2 % overall increase in + 36 % 270,1 +4% production output 14,5 235,9 14,4 5,3 4% growth in Aerostructures 36% growth in Engine & Nacelle 20% growth in Interiors Growth drivers – A350
Slide 6: "Operational Excellence Initiatives" to push efficiency
“Operational Excellence Initiatives” to push efficiency Top Down / Bottom Up focus to establish new production systems & operating systems to support aerospace manufacturing Significant investments in recent years into Austrian based facilities to support growth in high end composite aerospace techn
Slide 7: Income Statement
INCOME STATEMENT EUR tsd. 2012/13 2013/14 2014/15 H1 2014/15 H1 2015/16 Revenue 434,615 547,382 528,914 235,859 270,069 Changes in inventories 5,523 -8,186 2,755 8,030 3,108 Own work capitalised 4,471 9,758 18,762 7,087 10,209 Cost of materials -257,105 -308,959 -330,193 -158,792 -172,125 Staff cost
Slide 8: Balance Sheet
BALANCE SHEET EUR tsd. Feb. 28, 2013 Feb. 28, 2014 Feb. 28, 2015 August 31, 2015 Non-current assets 217,659 274,575 334,976 342,762 ASSETS Current assets 230,154 294,745 383,269 345,569 Total assets 447,813 569,320 718,245 688,331 Equity (incl. non- 198,545 224,828 314,908 324,856 controlling intere
Slide 9: Hedge Portfolio / US$ Exchange Rate
Hedge Portfolio / US$ Exchange Rate Hedge book as of August 31, 2015 Average hedge 1,31 ~1,22 * ~ 1,19 * rate (US$/€): 100% 50% 21% 15/16 16/17 17/18 * Target value Source: Company information Page 9
Slide 10: Outlook 2015/16
OUTLOOK 2015/16 (Extract from the interim report Q2 2015/16) • On the basis of the orders currently booked for the remaining quarters, the management of FACC AG assumes that the positive development of both revenues and earnings will continue over the year. • Due to a number of seasonality effects,
Slide 11: IR-Information
IR-Information Share Information IR Contact ISIN AT00000FACC2 Manuel Taverne Director Investor Relations Official market Vienna Stock Exchange / prime-market Ticker symbol FACC Phone: +43/59/616-2819,. Mobile: +43/664/80119 2819 Reuters FACC.VI e-mail: m.taverne@facc.com Bloomberg FACC AV Shares out