Slide 1: FUCHS Group Financial Results Q1 2018
FUCHS GROUP Financial Results Q1 2018 | Analyst’s Conference, 27th April 2018 | Dagmar Steinert, CFO
Slide 2: Highlights Q1 2018
Highlights Q1 2018 Sales +4% EBIT currency related to € 643 mn down by 2% to €92 mn ▪ Strong organic growth across all three regions: Europe, Asia-Pacific, Africa and Americas Outlook 2018 unchanged ▪ Negative FX effect impacting sales and EBIT ▪ Sales +3% to +6% ▪ EBIT +2% to +4% ▪ Investments of a
Slide 3: Sales development
Sales development € mn + 4% YoY 700 643 618 629 615 611 600 586 567 564 550 500 400 300 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 Q3 '17 Q4 '17 Q1'18 l3
Slide 4: Q1 2018 Group sales
Q1 2018 Group sales € mn 800 +60 -2 -33 (+10%) (-) (-6%) 700 600 643 618 +25 (+4%) 500 400 300 Q1 2017 Organic Growth External Growth FX Q1 2018 l4
Slide 5: Regional sales growth Q1 2018
Regional sales growth Q1 2018 Q1 2017 Q1 2018 Growth Organic External FX (€ mn) (€ mn) Europe 368 396 +8% +9% - -1% Asia-Pacific, Africa 181 199 +10% +18% - -8% Americas 104 95 -9% +7% - -16% Consolidation -35 -47 - - - - Total 618 643 +4% +10% 0% -6% l5
Slide 6: Income statement Q1 2018
Income statement Q1 2018 € mn Q1 2017 Q1 2018 Δ € mn Δ in % Sales 618 643 25 4.0 Gross Profit 226 225 -1 -0.4 Gross Profit margin 36.6 35.0 - -1.6 %-points Other function costs -137 -136 -1 0.7 EBIT before at Equity 89 89 0 0.0 At Equity 5 3 -2 - EBIT 94 92 -2 -2.1 Earnings after tax 66 67 1 1.5 l6
Slide 7: EBIT development
EBIT development Strong negative FX-effects / Excluding FX-effect EBIT is above previous year € mn - 2% YoY 120 98 96 94 94 94 91 92 92 90 85 60 30 0 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 Q3 '17 Q4 '17 Q1 '18 l7
Slide 8: EBIT by regions
EBIT by regions Q1 2018 (Q1 2017) € mn 14 (17) 92 100 (94) 33 (34) -4 80 (-3) 60 49 (46) 40 20 0 EBIT margin Europe Asia-Pacific, Africa Americas Holding/cons. Group before at equity 12.1% (12.2%) 15.6% (16.0%) 14.7% (16.3%) 13.8% (14.4%) l8
Slide 9: Development of selected currencies Q1 18 vs 17
Development of selected currencies Q1 18 vs 17 Europe Δ in % Americas Δ in % Great Britain -2.7 Brazil -16.1 Poland 3.4 Mexico -6.0 Russia -10.5 USA -13.3 Sweden -4.7 Asia-Pacific, Afrika Δ in % At Equity Δ in % Australia -10.2 Saudi Arabia -13.3 China -6.1 Turkey -16.1 South Africa -4.0 l9
Slide 10: Cash flow Q1 2018
Cash flow Q1 2018 € mn Q1 2017 Q1 2018 Earnings after tax 66 67 Amortization/Depreciation 13 14 Changes in net operating working capital (NOWC) -25 -33 Other changes 2 -9 Capex -14 -18 Free cash flow before acquisitions 42 21 Acquisitions - -1 Free cash flow 42 20 l 10
Slide 11: Net operating working capital (NOWC)
Net operating working capital (NOWC)* 22.3% 22.3% 600 22.5% 21.8% 550 21.3% 21.0% 21.0% 500 21.0% 450 19.9% 82 81 400 79 19.5% 78 350 77 77 73 300 18.0% 2012 2013 2014 2015 2016 2017 Q1 2018 NOWC (in € mn) NOWC (in %) NOWC (in days) * In relation to the annualized sales revenues of the last quarter
Slide 12: Q1 2018 earnings summary
Q1 2018 earnings summary ▪ Strong organic growth across all regions, particularly in Asia-Pacific, Africa ▪ Strong negative FX-effects impacting sales and earnings; This effect will most likely weaken over the course of the year ▪ Before currency translation increase in gross profit as a result of h
Slide 13: Outlook 2018 unchanged
Outlook 2018 unchanged Performance indicator Actual 2017 Outlook 2018 Sales € 2,473 mn +3% to +6% EBIT € 373 mn +2% to +4% ▪ We expect a weakening of the negative currency effect over the course of the year ▪ With Investments of around € 140 mn, we continue the expansion of capacities as planned l 1
Slide 14: Disclaimer
Disclaimer This presentation contains statements about future development that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual developments and future actual resul
Slide 15: Thank you for your attention
Thank you for your attention