Andritz Ag · VIE:ANDR
Andritz — H1 2015 Earnings Presentation
15 slides from Andritz's earnings presentation, Aug 7, 2015
Slide 1: ANDRITZ GROUP: results for H1 2015
ANDRITZ GROUP: results for H1 2015 August 7, 2015
Slide 2: Group sales: strong increase, mainly driven by PULP & PAPER and METALS
Group sales: strong increase, mainly driven by PULP & PAPER and METALS Sales by business area (MEUR) Sales H1 2015 vs. H1 2014 (MEUR): H1 2015 H1 2014 +/- Q2 2015 Q2 2014 +/- HYDRO 866 806 +8% 458 443 +4% PULP & PAPER 1,044 869 +20% 563 470 +20% 3,006 METALS 796 722 +10% 419 390 +8% 2,659 +13% SEPAR
Slide 3: Group order intake: below the high level of H1 2014
Group order intake: below the high level of H1 2014, mainly due to PULP & PAPER and METALS Order intake by business area (MEUR) Order intake H1 2015 vs. H1 2014 (MEUR): H1 2015 H1 2014 +/- Q2 2015 Q2 2014 +/- 2,980 HYDRO 795 815 -3% 348 291 +19% -13% PULP & PAPER 909 1,057 -14% 447 402 +11% 2,580 ME
Slide 4: Order backlog: Solid workload in all business areas
Order backlog Solid workload in all business areas Order backlog (as of end of period in MEUR) -3% 2010: 2011: 2012: 2013: H1 2014: 2014: H1 2015: 5,291 6,683 6,615 7,389 7,556 7,511 7,349 -2% Order backlog by business area (as of end of period in MEUR) H1 2015 H1 2014 +/- SE: HYDRO 3,750 3,629 +3%
Slide 5: Earnings and profitability: Significant improvement in Q2
Earnings and profitability Significant improvement in Q2, especially in PULP & PAPER Q2 2015: EBITA H1 2015 vs. H1 2014 (MEUR): EBITA and margin showed strong increase compared to last year’s reference period; very good development in PULP & PAPER and HYDRO; SEPARATION still below targets 184.9 H1 2
Slide 6: Key figures Q2/H1 2015 at a glance
Key figures Q2/H1 2015 at a glance Unit H1 2015 H1 2014 +/- Q2 2015 Q2 2014 +/- 2014 Order intake MEUR 2,580.0 2,980.2 -13.4% 1,149.4 1,238.0 -7.2% 6,101.0 Order backlog (as of end of period) MEUR 7,349.0 7,555.7 -2.7% 7,349.0 7,555.7 -2.7% 7,510.6 Sales MEUR 3,005.6 2,659.4 +13.0% 1,601.3 1,439.9 +
Slide 7: HYDRO (1): Unchanged subdued project and investment activity
HYDRO (1) Unchanged subdued project and investment activity Modernizations/rehabilitations New hydropower Due to unchanged low electricity and plants energy prices, many modernization/ Some new projects refurbishment projects postponed in the planning phase; however, these projects are expected to b
Slide 8: HYDRO (2): Satisfactory business development
HYDRO (2) Satisfactory business development HYDRO Unit H1 2015 H1 2014 +/- Q2 2015 Q2 2014 +/- 2014 Satisfactory development of order intake in face of an Order intake MEUR 794.7 814.7 -2.5% 347.7 291.4 +19.3% 1,816.7 unchanged difficult market environment Order backlog (as of end of period) MEUR 3,
Slide 9: PULP & PAPER (1): Good project and investment activity
PULP & PAPER (1) Good project and investment activity Modernizations/greenfield Good project and investment activity Biomass/power boilers for modernizations/refurbishments and Subdued investment activity for new greenfield pulp mills Tissue Acceptable project activity, especially in China ▲ ANDRITZ
Slide 10: PULP & PAPER (2): Significant improvement in earnings and profitability
PULP & PAPER (2) Significant improvement in earnings and profitability Order intake in Q2 2015 up PULP & PAPER Unit H1 2015 H1 2014 +/- Q2 2015 Q2 2014 +/- 2014 (includes 100 MEUR order from Metsä Fibre) compared Order intake MEUR 908.9 1,057.2 -14.0% 446.5 402.4 +11.0% 1,995.7 to Q2 2014; order int
Slide 11: METALS (1): solid project activity in metalforming
METALS (1): solid project activity in metalforming – however, no large order awards Metalforming Stainless steel Solid project activity, but Unchanged low project activity, no larger orders were only selective investments in awarded during reporting emerging markets period Aluminum Solid project act
Slide 12: METALS (2): Solid business development
METALS (2) Solid business development METALS Unit H1 2015 H1 2014 +/- Q2 2015 Q2 2014 +/- 2014 Significant decline in Q2 2015; award of some larger Order intake MEUR 595.4 797.9 -25.4% 210.5 377.8 -44.3% 1,692.8 projects in the metal forming sector postponed to H2 2015 Order backlog (as of end of pe
Slide 13: SEPARATION (1): Mixed market development
SEPARATION (1) Mixed market development Environment and food Feed and biomass Solid investment activity pelleting Unchanged good project activity Mining and minerals, chemicals Low project activity ▲ ANDRITZ tilting pan filter (filter area: 230 square meters; weight: 150 tons)
Slide 14: SEPARATION (2): Sales and profitability improved, however below targets
SEPARATION (2) Sales and profitability improved, however below targets Decline of order intake SEPARATION Unit H1 2015 H1 2014 +/- Q2 2015 Q2 2014 +/- 2014 due to continued challenging market Order intake MEUR 281.0 310.4 -9.5% 144.7 166.4 -13.0% 595.8 environment in most segments Order backlog (as
Slide 15: Outlook for remainder of 2015: Sales and earnings improvement targeted
Outlook for remainder of 2015 Sales and earnings improvement targeted HYDRO Project activity for modernizations and new hydropower stations to stable - continue at current subdued level; satisfactory market activity for pumps to continue PULP & PAPER Good project activity for modernizations and capa