Glaston Oyj · OMXHEX:GLA1V
Glaston Oyj — Q1 2016 Earnings Presentation
22 slides from Glaston Oyj's earnings presentation, Apr 28, 2016
Slide 1: Glaston January-March 2016
Glaston January-March 2016 28 April 2016 Glaston Corporation
Slide 2: Q1 in brief
Q1 in brief • Orders received € 25.0 (22.5) Million • Order book on 31 March 2016 was € 34.5 (52.8) Million€ • Net sales totalled € 29.4 (26.3) Million • Comparable EBIT was € 0.7 (1.2) Million • Operating profit unsatisfactory; cost saving measures initiated • Updated strategy and financial targets
Slide 3: Markets
Markets • In the glass processing market, uncertainty was still perceptible • After a quiet January, the market picked up during February and March • In North America, positive market development continued • In the EMEA area, markets faced some challenges • In South America, particularly in Brazil,
Slide 4: Rolling 12 month orders received
Rolling 12 month orders received 160 139.1 135.2 140 133.6 132.4 120 112.4 110.2 112.0 112.4 107.4 109.9 100 80 60 40 20 0 Glaston Corporation
Slide 5: Rolling 12 month net sales
Rolling 12 month net sales 140 127.4 126.4 123.4 115.9 120 109.7 114.9 106.1 103.5 105.4 104.9 100 80 60 40 20 0 Glaston Corporation
Slide 6: Rolling 12 month EBIT
Rolling 12 month EBIT *) 9 8.5 8 7.1 7.1 7 6.1 6 5.5 5.6 4.9 5 3.9 4 3.7 3.5 3 2 1 0 *) comparable, excluding non-recurring items Glaston Corporation
Slide 7: Order book
Order book 60 50 40 30 56,0 56,0 52,8 47,8 41,7 20 37,8 39,0 38,5 32,7 34,5 10 0 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 1-3/2016 Glaston Corporation
Slide 8: Net sales grew by 12%
Net sales grew by 12% 140 123.4 120 100 48.2 80 60 40 29.4 76.4 26.3 9.9 10.6 20 16.7 19.0 0 Q1 2015 Q1 2016 2015 Machines Services *Eliminations not shown separately Glaston Corporation
Slide 9: In North America, good net sales development continued
In North America, good net sales development continued 35 29.4 30 26.3 6.8 25 4.1 20 11.0 12.2 15 10 5 11.2 10.5 0 Q1/2015 Q1/2016 EMEA Americas Asia Glaston Corporation
Slide 10: Operating profit
Operating profit Comparable 7 6 5 4 3 6.1 2 1 1.2 0.7 0 Q1 2015 Q1 2016 2015 Glaston Corporation
Slide 11: Orders received
Orders received 30 25.0 25 22.5 20 9.7 10.0 15 10 15.3 12.5 5 0 Q1/2015 Q1/2016 Machines Services Glaston Corporation
Slide 12: Net debt
Net debt 70 60 50 40 30 57.7 20 10 8.6 10.9 7.4 0 -5.0 -10 2012 2013 2014 2015 Q1/2015 Glaston Corporation
Slide 13: Machines – net sales up +13%
Machines – net sales up +13% • In North America, demand Net sales continued at a good level 90 80 76.4 • In the EMEA are, the market situation was reasonable 70 60 • In Asia and South America, market uncertainty continued 50 40 • In China, demand was affected by slower economic growth as 30 well as
Slide 14: Services – stable development
Services – stable development • Services’ strongest market area Net sales was in North America 60 • In Asia, market activity was at 50 48.2 the previous year’s level 40 • In the EMEA area and South America, the market situation 30 was challenging 20 • The spare parts product group 9.9 10.6 developed
Slide 15: Outlook 2016
Outlook 2016 2014 2015 2016 Net sales 109.7 M€ below 2015 level 123.4 M€ Comparable operating profit excluding non- 5.5 M€ 6.1 M€ at 2015 level recurring items Due to the subdued market situation and the reduced order book, we expect 2016 net sales to be slightly below the 2015 level. We expect the
Slide 16: Strategy 2016-2018
Strategy 2016-2018 Glaston Corporation 16
Slide 17: Strategy roadmap
Strategy roadmap Net sales: faster than Liikevaihto: market yli markkinakasvun EBIT: EBIT:> 8 % > 8 % 2018- ROCE:ROCE: > 20 % > 20 % 2018-profitable Continuous Liikevaihto: > 8% growth Net sales: > 8% EBIT: > 6% 2016-2018 EBIT: > 6% ROCE: > 10% • Strong market leader in ROCE: > 10% 2016-2018 GET cor
Slide 18: Strategy cornerstones
Strategy cornerstones Growth Technology leadership Industry’s best customer experience Skilled and motivated personnel eager to learn new things 29.4.2016 Glaston Oyj Abp
Slide 19: Focus on core
Focus on core Glaston’s core expertise is in flat tempering technology and related services Glaston will further strengthen its position and competitiveness in the market through continuous product development and regularly renewed product offering The growth target is supported by growing dem
Slide 20: New business opportunities
New business opportunities • Innovative glass technologies and digitalisation will bring significant new business opportunities to Glaston • Glaston explores business opportunities in new segments/business areas enabled by new glass technology solutions Investment in a California company specialis
Slide 21: Financial targets 2016-2018
Fiancial targets 2016-2018 Organic top line growth Faster than market EBIT > 8% Excluding non-recurring items, at end of period ROCE > 20% At end of period Glaston Corporation
Slide 22: Thank you!
Thank you! Glaston Corporation