Slide 1: Q2 2016 Results Presentation
Q2 2016 Results Presentation Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 7, 2016
Slide 2: Disclaimer
Disclaimer 1. This presentation may contain certain forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development
Slide 3: Business Review Q2 2016
Business Review Q2 2016 Uwe Röhrhoff, CEO
Slide 4: 4% revenue growth in Q2 impacted by portfolio changes and timing effects of engineering
4% revenue growth in Q2 impacted by portfolio changes and timing effects of engineering and tooling revenues Portfolio changes netted up to 4% growth contribution (Centor, Tubing, portfolio adjustments) Strong device growth driven by the European markets and strong primary packaging growth in North
Slide 5: Review Q2 2016: excellent earnings and cash flow performance
Review Q2 2016: excellent earnings and cash flow performance Key Group figures in EUR m, adj. EPS in EUR Revenues Adjusted EBITDA Organic FXN: +0.0% Q2 2016 FXN: EUR 86.2m +4.0% +17.5% 356.4 370.5 84.7 72.1 22.8% Margin 20.2% Category Q2 2015 Q21 2016 Category Q2 2015 Q21 2016 Adjusted EPS Operating
Slide 6: Financial Overview Q2 2016
Financial Overview Q2 2016 Rainer Beaujean, CFO
Slide 7: Q2 2016 revenues show 4% growth driven by Plastics & Devices
Q2 2016 revenues show 4% growth driven by Plastics & Devices Revenues by division Q2 2016 Q2 2015 Growth EUR m EUR m in % Total Group 370.5 356.4 +4.0 Plastics & Devices 193.2 168.6 +14.6 Primary Packaging Glass 154.3 166.8 -7.5 Life Science Research 24.5 26.3 -6.8 7
Slide 8: Adjusted EBITDA in Q2 2016: excellent earnings performance
Adjusted EBITDA in Q2 2016: excellent earnings performance mainly driven by Centor inclusion and favorable product mix Adjusted EBITDA1 by division Q2 2016 Q2 2015 EUR m Margin in % EUR m Margin in % Total Group 84.7 22.8 72.1 20.2 Plastics & Devices 52.2 27.0 36.3 21.5 Primary Packaging Glass 35.0
Slide 9: Q2 2016 also shows excellent advances in EBIT and net income
Q2 2016 also shows excellent advances in EBIT and net income in EUR m Q2 2016 Q2 2015 Change in % Adjusted EBITDA 84.7 72.1 +17.5 Depreciation -21.9 -21.7 - Adjusted EBITA 62.8 50.4 +24.7 Sale of the Glass Tubing business - -0.7 - Portfolio optimization -0.1 -5.7 - One-off income and expenses1 -0.4
Slide 10: Q2 2016: higher earnings base again visible in adj. EPS figure
Q2 2016: higher earnings base again visible in adj. EPS figure Reconciliation from net income to adjusted EPS in EUR m Q2 2016 Q2 2015 Change in % Net income 31.1 22.4 +38.9 Total one-off effects (net of related tax effects) +0.4 +4.2 - Amortization of fair value adjustments (net of related tax effe
Slide 11: Net financial debt basically unchanged, despite annual dividend payment in April
Net financial debt basically unchanged, despite annual dividend payment in April Comparison of debt/cash positions in EUR m Net financial debt: 900.0 894.4 Bonded loans (Schuldschein): fixed/variable interest rates, 425.0 currently between ~1% and ~2%; 425.0 (maturity in 2020, 2022 and 2025) Bond: F
Slide 12: Average NWC to LTM revenues getting close to our target ratio of 17%
Average NWC to LTM revenues getting close to our target ratio of 17%, cash flow figures strong May 31, 2016 Feb 29, 2016 Change in % EUR m EUR m Total assets 2,359.4 2,358.8 +0.0 Equity 687.8 688.0 -0.0 Equity ratio 29.2% 29.2% - Net working capital1 230.7 229.1 +0.7 NWC in % of LTM revenues 16.1% 1
Slide 13: Guidance FY 2016
Guidance FY 2016 Uwe Röhrhoff, CEO
Slide 14: Reiteration of Guidance for FY 2016 and reiteration of indication for FY 2016-2018
Reiteration of Guidance for FY 2016 and reiteration of indication for FY 2016-2018 Guidance FY 2016 Indication FY 2016-2018 Revenues (FXN)1 Approx. EUR 1.5bn (plus/minus EUR 25m) FXN growth1,2 Approx. +9% +4% to +5% CAGR (organic) Organic growth1,3 Approx. +4% to +5% Adjusted EBITDA Approx. EUR 320m
Slide 15: Key takeaways
Key takeaways We have stable and highly diversified growth prospects based on long-term megatrends Profitability significantly improved – Q2 2016 figures make this visible once again Higher cash flows supported by favorable NWC development We focus on deleveraging while continuing to invest in the f
Slide 16: Q&A Session
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Slide 18: Favorable development of net working capital
Favorable development of net working capital1 May 31, 2016 May 31, 2015 EUR m EUR m Inventories 190.4 214.3 thereof prepayments made 3.7 6.4 Trade receivables 229.6 216.4 Trade payables 148.6 115.1 Payments received on account 40.7 38.4 of orders Net working capital 230.7 277.2 in % of LTM revenues
Slide 19: GXI Key Data
GXI Key Data in EUR per share 2008 2009 2010 2011 2012 2013 2014 2015 EPS 0.02 0.18 1.38 1.61 1.98 1.98 2.11 3.32 Adjusted EPS 1.83 1.34 1.95 2.44 2.62 3.08 2.89 3.41 Cash flow from operations per share 5.26 3.74 5.09 4.13 5.53 4.67 5.04 6.49 Dividend 0.40 --- 0.50 0.60 0.65 0.70 0.75 0.85 Dividend
Slide 20: Financial calendar and contact details
Financial calendar and contact details February 11, 2016 Annual Report Financial Year 2015 R April 13, 2016 Interim Report 1st Quarter 2016 R April 28, 2016 Annual General Meeting 2016 R July 7, 2016 Interim Report 2nd Quarter 2016 October 6, 2016 Interim Report 3rd Quarter 2016 Name Investor Relati