Deufol Se · HAM:DE10
Deufol — Investor Presentation (January 2011)
29 slides from Deufol's investor presentation, Jan 26, 2011
Slide 1: Company Presentation
Company Presentation Deufol AG January 2011
Slide 2: Agenda
Agenda 1 Profile / Strategy 2 Financials 3 Appendix Page 2 January, 2011 Company Presentation
Slide 3: Profile
Profile Deufol is a flexible, intelligent, innovative solution provider around Deufol Service packaging services. Portfolio: Automated Packaging Service solutions for all industry sectors with focus on automotive, consumer and industrial goods Promotional & Display Packaging Worldwide leadersh
Slide 4: Profile: Automated Packaging
Profile Automated Packaging High-speed transfer lines, semi automatic machines Total packaging solution (custom & innovative design, 3-D image renderings & custom prototyping, machinery innovation, packaging material, custom tooling etc.) Batteries, pens, windshield wipers, home products etc.
Slide 5: Profile: Promotional & Display Packaging
Profile Promotional & Display Packaging Manual packaging for display building Transfer from high-speed lines to secondary packaging Highly skilled teams Strong experience in display assembling Flexible reaction on promotional peaks (space & resources) IT based Page 5 January, 2011 Compan
Slide 6: Profile: Export & Industrial Goods Packaging
Profile Export & Industrial Goods Packaging Strong IT expertise to meet individual customer requirements International experience Special packaging techniques Plant moves, beverage filling machines, textile machines, turbines, generators etc. Page 6 January, 2011 Company Presentation
Slide 7: Profile: Giftcards & Data Management
Profile Giftcards & Data Management Automated activation of multipacks Card personalization (encoding) with magnetic strip and scratch off Labeling Data management (single source activation) Pre-paid card business Product innovation (replacement of plastics) Page 7 January, 2011 Company
Slide 8: Profile: Supplementary Services
Profile Supplementary Services Warehousing, Logistics, Transport Management Inhouse-Outsourcing Picking / Customization Material supply, Production supply, after production services Highly Automated Warehouse Management Strong IT expertise to fulfill individual customer requirements Page
Slide 9: Profile: Global network of 76 operations
Profile Deufol is a global player and operates all over the world with international projects and a network of subsidiaries. International network of 76 Deufol operations in 9 countries Every operation center offers the complete portfolio of Deufol services Total of 76 Operations Cross-border
Slide 10: Deufol's Strategy – Mid-term objectives
Deufol‘s Strategy – Mid-term objectives Deufol generates fruitful and long lasting partnerships and drives the customers strategy. Extend the business with existing customers Extend the scope of services Geographical expansion Sign up new customers Strategic acquisitions Deufol as No. 1 pa
Slide 11: Agenda
Agenda 1 Profile / Strategy 2 Financials 3 Appendix Page 11 January, 2011 Company Presentation
Slide 12: Overview 9 months 2010
Overview 9 months 2010 Revenues up by 4.6% to €225.2 million (adjusted + 6.2%) EBITA €8.4 million (prior year: €5.1 million) Financial result improved (€-2.93 after €-3.05 million in 2009) Net earnings of €3.3 million (prior year: €0.6 million) Operating cash flow slightly higher (€9.9 aft
Slide 13: Sales split by segment
Sales split by segment Adjusted sales growth of 6.2% „Industrial Goods Sales (€m) * Packaging“ with a small decline (0.4%) „Consumer Goods 250 Σ 224.9 Packaging“ up 12.7%; Σ 215.1 currency adjusted 200 34.2 +10.7% 33.8 „Warehouse Logistics“ 150 up +1.2%; 86.8 77.0 adjusted for deconsolidation
Slide 14: Earnings development
Earnings development Strong improvement in earnings Gross profit up 15.6% Earnings development (€m) EBITDA 25.2% higher; depreciation down 4.0% EBITA 64.3% above 30 27.6 previous year 25 23.9 Net earnings reached €3.3 million 20 EPS €0.075 (previous year €0.014) 14.9 15 11.9 10 8.4 5.1 5.4
Slide 15: EBITA split by segment
EBITA split by segment “Consumer Goods Packaging” strongly recovered „Industrial Goods Packaging“ down 19.6%; due to the lack of EBITA (€m) project business and higher timber prices Σ 8.4 10 1.7 „Consumer Goods Packaging“ with a strong recovery driven by 8 Σ 5.0 the U.S. business 2.7 6 „Warehouse
Slide 16: Well-balanced liability side
Well-balanced liability side Comfortable equity base Deufol Group is financed in a Net financial liabilities (€m) and equity ratio (%) decentralized form; most financing is provided by bilateral 80 bank loans and 40.1% 40.8% 39.4% 41.2% syndicated borrowing 70 facilities 35.2% 60 55.4 Net financ
Slide 17: Forecast 2010
Forecast 2010 Planned revenues 2010: > €300 million Planned Group-EBITA 2010: > €11.0 million Expected financial position Investments of around €4 to 5 million are expected no external financing for the current business required some external financing for late purchase price payments fo
Slide 18: Agenda
Agenda 1 Profile / Strategy 2 Financials 3 Appendix Page 18 January, 2011 Company Presentation
Slide 19: Financial calendar 2011
Financial calendar 2011 April 7, 2011 Annual report 2010 Conference call May 12, 2011 Interim report I/2011, January 1 – March 31 Conference call August 11, 2011 Interim report II/2011, April 1 – June 30 Conference call November 10, 2011 Interim report III/2011, July 1 – September 30 Conference call
Slide 20: Management Board of Deufol AG
Management Board of Deufol AG Andreas Bargende (CEO) 1993 to 2002 at KPMG; Lawyer and since 2000, Partner in the area of Financial Advisory Services / Corporate Restructuring; joined Deufol 09/2002 as COO; since 06/2009 Chief Executive Officer; Responsibilities: Legal Affairs, Investment Management
Slide 21: The Deufol share
The Deufol share Price at January 21, 2011 € 1.544 Shareholder structure (as of December 31, 2010) High / Low (1 year) € 1.84 / € 1.02 number per cent Market capitalization approx. € 67.6 million Detlef W. Hübner 23,110,832 52.80 Reuters / Bloomberg LOIG.DE / LOI GR Andreas Bargende (CEO) 58,000 0.1
Slide 22: Financials: Income statement
Financials: Income statement in € thousand 9M 2010 2009 2008 2007 Sales 225,183 290,053 336,748 337,737 EBITDA 14,914 16,238 24,011 20,767 EBITA 8,368 6,421 14,562 12,252 EBIT 8,368 3,810 14,562 12,252 EBT 5,441 (380) 9,911 7,868 Taxes on income (1,825) 1,124 2,458 (3,959) Income 3,616 744 12,369 3,
Slide 23: Financials: Asset structure
Financials: Asset structure in € thousands 9M 2010 2009 2008 2007 Current assets 85,856 81,496 80,288 88,653 Noncurrent assets 146,780 151,007 156,821 148,463 Balance sheet total 232,636 232,503 237,109 237,116 Current liabilities 88,236 87,277 76,773 84,134 Noncurrent liabilities 48,627 53,612 63,6
Slide 24: Cash flow / Investments / Liquidity
Cash flow / Investments / Liquidity in € thousands 9M 2010 2009 2008 2007 Cash flow from operating activities 9,916 15,060 15,663 16,025 Cash flow from investment activities (3,159) (2.806) (464) (24,831) Cash flow from financing activities (6,358) (9,499) (15,678) 9,798 Investment in property, plan
Slide 25: Financials: Ratios
Financials: Ratios 9M 2010 2009 2008 2007 Investment ratio (%) 1) 1.4 2.3 2.1 1.6 Operating cash flow / investments (%) 2) 175.0 210.8 175.1 295.5 Interest cover 3) 2.2 1.2 2.2 2.1 Asset cover ratio II (%) 4) 120.6 118.3 121.4 118.0 Current ratio (%) 5) 97.3 93.4 104.6 105.4 Financial liabilities /
Slide 26: Segment data: Industrial Goods Packaging
Segment data: Industrial Goods Packaging in € thousand 9M 2010 2009 2008 2007 Sales 103,905 137,096 155,334 145,148 EBITDA 8,378 13,475 13,936 11,258 EBITA 5,584 9,714 10,202 8,775 EBT 5,141 9,323 8,798 8,180 Assets 59,733 64,070 65,896 63,225 Allocated Goodwill 53,177 52,883 52,814 52,753 Financial
Slide 27: Segment data: Consumer Goods Packaging
Segment data: Consumer Goods Packaging in € thousand 9M 2010 2009 2008 2007 Sales 86,804 107,096 126,330 136,018 EBITDA 4,992 2,267 8,757 5,915 EBITA 2,711 (1,498) 5,002 2,204 EBT 586 (6,735) 2,704 240 Assets 62,143 57,661 71,661 76,660 Allocated Goodwill 4,377 4,378 8,329 6,568 Financial liabilitie
Slide 28: Segment data: Warehouse Logistics
Segment data: Warehouse Logistics in € thousand 9M 2010 2009 2008 2007 Sales 34,192 44,800 54,852 56,265 EBITDA 2,970 1,731 4,569 5,957 EBITA 1,688 74 3,081 4,264 EBT 1,341 (214) 3,106 3,720 Assets 37,295 36,988 35,648 37,357 Allocated Goodwill 7,203 7,203 7,203 7,203 Financial liabilities 18,654 20
Slide 29: Contact
Contact Rainer Monetha Investor Relations Deufol AG Johannes-Gutenberg-Strasse 3-5 D - 65719 Hofheim (Wallau) Phone: +49 (6122) 50 12 38 E-mail: Rainer.Monetha@Deufol.com www.deufol.com Important notice: Forward-looking statements Statements in this presentation relating to future status or circ