Grammer Ag · XETR:GMM
Grammer — FY2019 Earnings Presentation
21 slides from Grammer's earnings presentation, Mar 30, 2020
Slide 1: Analysts' and Press Conference Fiscal Year 2019
Analysts’ and Press Conference Fiscal Year 2019 Amberg, March 30th, 2020 © GRAMMER AG 2020
Slide 2: Executive Board
GRAMMER GROUP EXECUTIVE BOARD JENS ÖHLENSCHLÄGER THORSTEN SEEHARS JURATE KEBLYTE January 1, 2019 August 1, 2019 August 1, 2019 Copyright 2020 GRAMMER AG - Presentation Fiscal Year 2019 March 30, 2020 Page 2
Slide 3: COVID-19 Pandemic Situation
GRAMMER GROUP COVID-19 PANDEMIC SITUATION The Health and Safety of our employees & business partners is very important to us. We have initiated comprehensive measures at all locations at an early stage and review/update them as needed. Production stops at our customers continue to require short-term
Slide 4: Highlights 2019: Products and Events
GRAMMER GROUP | HIGHLIGHTS 2019 PRODUCTS AND EVENTS Trade Fair: BAUMA European Spine Journal Award Trade Fair: Agritechnica Interior of the future – PROJECT PURE Trade Fair: SIMA Joint Venture with FAWSN Group Trade Fair: Auto Shanghai Sliding Console Trade Fair: Expo 1520 Red Dot Award 2019 Europea
Slide 5: Grammer Divisions: Automotive revenue by region
GRAMMER DIVISIONS AUTOMOTIVE REVENUE BY REGION vs. GLOBAL CAR PRODUCTION -6.3% 26,853 22,390 24,614 21,546 -3.9% -6.3% Global Car 24,560 23,014 20,389 19,602 Production *) thereof China [2019 in m.] (-8.5%) -9.8% +85.9% 793 716 GRAMMER Automotive 535 -0.8% Revenue 288 [in € m.] 232 230 36% Americas
Slide 6: Grammer Divisions: Commercial Vehicles revenue by region
GRAMMER DIVISIONS COMMERCIAL VEHICLES REVENUE BY REGION vs. WORLD POPULATION World E: 748 Population *) 1,023 MEA: 1,341 4,684 [2019 in m.] -0.3% 2019 2019 441 440 GRAMMER Commercial -3.3% +16.5% Vehicles 73232 86 84 83 Revenue [in € m.] 14% Americas 72% EMEA 14% APAC 2019 2018 *) Source: UN 08/2019
Slide 7: Highlights Automotive Division
GRAMMER GROUP | FISCAL YEAR 2019 HIGHLIGHTS AUTOMOTIVE DIVISION REVENUE OPERATING EBIT [in m. €] [in m. €] 2.8 % 3.3 % 1,480 1,313 48.9 36.8 2018 2019 2018 2019 Sales growth in Americas Earnings increased as mainly through TMD weakness in European markets was over- compensated by growth Lower sales
Slide 8: Highlights Commercial Vehicles Division
GRAMMER GROUP | FISCAL YEAR 2019 HIGHLIGHTS COMMERCIAL VEHICLES DIVISION REVENUE OPERATING EBIT [in m. €] [in m. €] 8.9 % 7.0 % 600 607 53.5 42.7 2018 2019 2018 2019 Solid performance with strong H1 Product mix and one off especially in the off-road segment costs from H1 impact FY margin negatively
Slide 9: Group Revenue & Distribution by Region
GRAMMER GROUP | FISCAL YEAR 2019 GROUP REVENUE & DISTRIBUTION BY REGION Regional 15% 30% share of Group 55% revenue -6.4% +66.3% 2019 1,191 1,115 2018 Revenue by +3.4% 610 region 304 314 366 [in € m.] 2019 Americas EMEA APAC 2018 GRAMMER Group Revenue of € 2,038 million (2018: € 1,861 million; +9.5%
Slide 10: Improved Earnings
GRAMMER GROUP | FISCAL YEAR 2019 IMPROVED EARNINGS EBIT EBIT (OPERATING) (IFRS) [in m. €] [in m. €] 4.1 % 3.8 % 2.6 % 3.7 % 77 75 76 49 2018 2019 20182018 20192019 Both business segments EBIT influenced by contributed to rising extraordinary items of operating earnings € 4.9 m. and currency gains of
Slide 11: Investments and Employees
GRAMMER GROUP | FISCAL YEAR 2019 INVESTMENTS AND EMPLOYEES INVESTMENTS EMPLOYEES [without M&A, in m. €] [average] 4.0 % 6.5 % 14,910 13,439 132.8 73.9 2018 2019 2018201820192019 Investments for project launches & Number of employees process optimization in all regions increased due to TMD IFRS 16 re
Slide 12: Financial Debt
GRAMMER GROUP | FISCAL YEAR 2019 FINANCIAL DEBT NET FINANCIAL GEARING DEBT [in %] [in m. €, Dec. 31] 285.0 80% 83% 253.3 2018 2019 2018 2018 2019 2019 Solid financing structure further improved via premature refinancing of Syndicated Loan incl. the refinancing of TMD acquisition in February 2020. GR
Slide 13: Equity and Dividend
GRAMMER GROUP | FISCAL YEAR 2019 EQUITY AND DIVIDEND EQUITY IFRS DIVIDEND FOR [in m. €, Dec. 31] EARNINGS FISCAL YEAR PER SHARE [in €] [in €] 22 % 23 % 342.2 314.8 3.56 1.90 0.75 0.11*) 2018 2019 2018 2019 2018 2019 Higher earnings are IFRS results Dividend proposal* reflected in the increase influe
Slide 14: Fiscal Year 2020
FISCAL YEAR 2020 GRAMMER AG has today published its Annual Report for the financial year 2019 which contains expected developments for the business year 2020. This report is based on our market assumptions and internal evaluations as of the beginning of the year 2020. Due to the globally rapidly
Slide 15: Group-wide Measures during COVID-19 Situation
REPOSITIONING GRAMMER FOR SUCCESS GROUP-WIDE MEASURES DURING COVID-19 SITUATION Production at the plants in China has largely normalized. All plants were able to return to almost pre-Corona levels. GRAMMER is temporarily restricting the production in the European and American plants following the sh
Slide 16: Efficiency Measures for Grammer Group
REPOSITIONING GRAMMER FOR SUCCESS EFFICIENCY MEASURES FOR GRAMMER GROUP “Reshape the Future”-Program was implemented with efficiency measures for the organization at plant level and to reduce costs in all administration areas. Team of specialists has been set up to focus on Design to Cost (for new p
Slide 17: Enhanced Cooperation with Ningbo Jifeng
REPOSITIONING GRAMMER FOR SUCCESS ENHANCED COOPERATION WITH NINGBO JIFENG Grammer and Ningbo Jifeng have been working on a wide set of cooperation projects to achieve greater synergies in the areas of purchasing and manufacturing as well as to extend the current product portfolio and to improve the
Slide 18: Trends and Innovations
GRAMMER INNOVATIONS SEATING SYSTEMS & INTERIOR SOLUTIONS, ELECTRONIC & NEW MATERIALS TRENDS Electric / MEGA Autonomous Individual Electrification & Hybrid Driving Mobility Digitalization Vehicles Fiber Hiss Noise New Resonator: multifunctional & Electrified air-vent with Industrial armrest Noise emi
Slide 19: Worldwide Growth Opportunities for Grammer
GRAMMER GROUP WORLDWIDE GROWTH OPPORTUNITIES FOR GRAMMER GRAMMER 14% 38% 27 Group revenue % by segment 73 62% % 86% Automotive GRAMMER Comm. Vehicles Group revenue by region [in %] 30% Americas 55% EMEA 15% APAC Copyright 2020 GRAMMER AG - Presentation Fiscal Year 2019 March 30, 2020 Page 19
Slide 20: Q&A
Q&A © GRAMMER AG 2020
Slide 21: Legal Disclaimer
GRAMMER GROUP LEGAL DISCLAIMER By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purpose