WashTec AG · XETR:WSU
WashTec — Q3 2014 Earnings Presentation
10 slides from WashTec's earnings presentation, Oct 31, 2014
Slide 1: WashTec AG Q3 2014 Report Conference Call
WASHTEC AG Q3 2014 Report Conference Call WashTec AG Q3 2014 Report, Conference Call October 31, 2014
Slide 2: Q3 2014: Facts & Figures
Q3 2014: Facts & Figures EBIT increase despite slight decline in revenues – continued positive business development in Core Europe Revenues (in €m) EBIT (in €m) Net Cash Flow (in €m) EBIT margin (in %) 11,8 17,0 15,6 218,3 8,9 12,3 217,1 8,2 216,2 5,5 4,1 3,8 2012 2013 2014 2012 2013 2014 2012 2013
Slide 3: Solid balance sheet structure
Q3 2014: Facts & Figures Solid balance sheet structure Equity ratio (in %) Net finance debt** (in €m) 2,9 50,4 47,6 -0,6 Dec 2013 Q3/2014 Dec 2013 Q3/2014 ** Net bank debt plus long-term and short-term finance leasing • Equity ratio: slight decrease mainly due to lower equity caused by dividend paym
Slide 4: Revenues and earnings development
Q3 2014: Facts & Figures Revenues and earnings development Revenues total (Q3) Revenues by segment (Q3) in €m in €m Core Europe North America Eastern Europe Asia/Pacific 178,7 34,7 10,1 218,3 176,5 31,4 8,7 216,2 7,7 8,2 -2,1 +2,2 -3,3 -0,5 -2,4 Q3/2013 Q3/2014 Q3/2013 Q3/2014 Q3/2013 Q3/2014 Q3/201
Slide 5: Profit/Loss Statement
Q3 2014: Facts & Figures Profit/Loss Statement P+L Q3 2014 Q3 2013 Revenues 216.2 218.3 Increase due to changed mix of products Gross margin 132.0 (61.1%) 128.9 (59.0%) and regions Increase mainly due to tariff increases in Core Personnel expenses (81.4) [37.7%] (79.2) [36.3%] Europe, recruitment of
Slide 6: Sound balance sheet structure
Q3 2014: Facts & Figures Sound balance sheet structure September December 30, 2014 31, 2013 Balance sheet total 182.9 174.2 Goodwill 42.3 42.3 Equity 87.0 87.8 Equity ratio at 47.6% Net finance debt -0.6 2.9 Decrease due to positive Cashflow Primary reason for increase: Net current assets 68.5 65.2
Slide 7: Outlook 2014
Backup Outlook 2014 For the Group: stable revenues and a slight increase in earnings and EBIT margin (before restructuring costs of the efficiency program) • Core Europe: slight increase in revenues, earnings and EBIT margin • Eastern Europe: significant reduction in revenues, earnings and EBIT • No
Slide 8: Share
Q3 2014: Facts & Figures Share Analyst Coverage Share performance Analyst Recommen- Target WashTec (+ Date) dation Price (€) BHF (02/13) Overweight 11.70 Hauck & Aufhäuser Buy 14.00 (08/14) HSBC (09/14) Overweight 14.50 SDAX MM Warburg (08/14) Buy 15.30 Average 13.88 Trade Volume (Xetra) Kempen Euro
Slide 9: Financial calendar
Backup Financial calendar October 31, 2014 3Q/14 report November 24 - 26, 2014 Equity Forum March, 2015 Annual Report WashTec AG Q3 2014 Report, 9 Conference Call October 31, 2014
Slide 10: Disclaimer
No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever