H+h International A/s · OMXCOP:HH
H+h International A/s — Q3 2015 Earnings Presentation
20 slides from H+h International A/s's earnings presentation, Nov 18, 2015
Slide 1: Investor presentation Q1-Q3 2015
Investor presentation Q1-Q3 2015 18 November 2015
Slide 2: Forward-looking statement
Interim financial report Q1-Q3 2015 18 November 2015 2 Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors influencing the activities of the Group, e.g. the glob
Slide 3: Agenda
Interim financial report Q1-Q3 2015 18 November 2015 3 Agenda • Highlights Q3 2015 • Financial performance Q1-Q3 2015 • Grupa Prefabet acquisition • Balance sheet items • Outlook for 2015 • Q&A
Slide 4: Highlights Q3 2015
Highlights Q3 2015 H+H
Slide 5: Highlights Q3 2015
Interim financial report Q1-Q3 2015 18 November 2015 5 Highlights Q3 2015 • Organic growth in the third quarter was 6% (adjusted for acquisitions and measured in local currency). • Increase in sales compared to last year was driven by growth in all markets except for Russia. • EBIT margin before spe
Slide 6: Financial performance Q1-Q3 2015
Financial performance Q1-Q3 2015
Slide 7: Group financial performance
Interim financial report Q1-Q3 2015 18 November 2015 7 Group financial performance Q3 2015 Year to date • Revenue was up 14%. Growth in all markets except for • Revenue up 18% due to the combination of a Russia. Organic growth of 6%. strong organic growth in the Western European segment and the acqu
Slide 8: Segments – Western Europe
Interim financial report Q1-Q3 2015 18 November 2015 8 Segments – Western Europe Q3 2015 Year to date • Revenue up 18% on 2014. This is based on growth in all • Revenue up 19% in the first three quarters of the markets and the UK market made a particularly 2014. This is based on growth in all the ma
Slide 9: Segments – Eastern Europe
Interim financial report Q1-Q3 2015 18 November 2015 9 Segments – Eastern Europe Q3 2015 Year to date • In third quarter the revenue was up by 1% compared to • Revenue up 15% in the first three quarters of 2014. Revenue grew in Poland due to the acquisition of 2015, mainly due to the acquisition of
Slide 10: Grupa Prefabet
Grupa Prefabet
Slide 11: Restructuring plan – goals set out and achievements
Interim financial report Q1-Q3 2015 18 November 2015 11 Restructuring plan – goals set out and achievements Closedown of four factories – done. Reduce net working capital by DKK 20 million in 2015 – done. • Integration costs of DKK 20 million in 2015 – is running to schedule. • EBITDA before spe
Slide 12: Capacity situation in the Polish market
Interim financial report Q1-Q3 2015 18 November 2015 12 Capacity situation in the Polish market • Until 30 September the volume sold by the combined business was approx. 10% lower than the volume sold by the two stand-alone companies in the same period last year which is in line with the original ex
Slide 13: Balance sheet items
Balance sheet items
Slide 14: Free cash flow and investments
Interim financial report Q1-Q3 2015 18 November 2015 14 Free cash flow and investments • Free cash flow was DKK 84 million, against DKK 75 million in Q3 2014. • Free cash flow improved due to a combination of operational profits and lower net working capital. • Investments of DKK 14 million, against
Slide 15: Net interest-bearing debt (NIBD) and equity
Interim financial report Q1-Q3 2015 18 November 2015 15 Net interest-bearing debt (NIBD) and equity • NIBD was DKK 476 million at 30 September 2015, down DKK 47 million on 30 September 2014. • NIBD over EBITDA ratio was 2.4, adjusted for special items the ratio was 2.8 which is in line with our long
Slide 16: Outlook for 2015
Outlook for 2015
Slide 17: Outlook for 2015
Interim financial report Q1-Q3 2015 18 November 2015 17 Outlook for 2015 H+H updates its outlook for 2015: • Organic revenue growth is expected to be in the region of 10%, as previously announced. • EBITDA before special items is expected to be DKK 170-180, against the previously announced DKK 160-1
Slide 18: Comments to outlook for 2015
Interim financial report Q1-Q3 2015 18 November 2015 18 Comments to outlook for 2015 The expectations for H+H’s financial performance in 2015 are based partly on the following specific assumptions: • Economic growth of around 0-3% in our geographical footprint. • The operational excellence programme
Slide 19: Long-term financial targets
Interim financial report Q1-Q3 2015 18 November 2015 19 Long-term financial targets
Slide 20: Q&A
Interim financial report Q1-Q3 2015 18 November 2015 20 Q&A