Slide 1: Interim Results Presentation
2011 Interim Results Presentation August 19, 2011
Slide 2: 2011 1H Results
2011 1H Results 2010 1H 2011 1H US$m US$m Change Sales 1,607 1,784 +11.0% Gross Profit Margin% 32.6% 32.9% +0.3pt EBIT 85 115 +34.8% margin 5.3% 6.4% Net Profit 46 80 +72.8% margin 2.9% 4.5% EPS (cents) 2.92 5.00 +71.3% 2
Slide 3: 2011 1H Income Statement
2011 1H Income Statement 2010 1H 2011 1H US$m US$m Change Total Revenue 1,607 1,784 +11.0% Gross Profit 524 586 +11.8% % of sales 32.6% 32.9% Total SG&A Expenses 431 474 +9.8% % of sales 26.8% 26.6% Finance Cost 38 29 -23.3% % of sales 2.4% 1.6% Restructuring Expenses 18 - - Profit before Income Tax
Slide 4: 2011 1H Financial Position
2011 1H Financial Position 2010 FY 2011 1H US$m US$m Change Non-current Assets 1,352 1,385 +2.4% Current Assets 1,914 2,175 +13.6% Current Liabilities 1,423 1,796 +26.2% Net Current Assets 491 379 -22.8% Long-term Liabilities 713 549 -22.9% Shareholders’ Funds 1,115 1,199 +7.5% Gearing 6/10 - 79% 72
Slide 5: 2011 1H Key Financial Figures
2011 1H Key Financial Figures 2010 1H 2011 1H vs ‘10 1H US$m US$m Change Inventory 734 801 +9.0% Days 83 82 -1 day Trade Rec 577 592 +2.8% Days 65 61 -4 days Trade Payables -626 -679 +8.4% Days 71 70 -1 days Net Working Capital 685 714 +4.3% % of Sales 21.2% 20.1% -1.1pts Cash Balance 575 525 -8.8%
Slide 6: 2011 1H Debts with Fixed Maturity Profile
2011 1H Debts with Fixed Maturity Profile 2010 FY 2011 1H US$m US$m Change Cash 513 525 +2.3% Short-term Debt - Fixed 0 163 - Short-term Debt - Floating 312 177 -43.2% Short-term Debt Total 33% 312 44% 337 +8.0% Long-term Debt - Fixed 295 133 -54.9% Long-term Debt - Floating 298 289 -3.0% Long-term
Slide 7: 2011 1H Results
2011 1H Results 2010 1H 2011 1H US$m US$m Change Sales $1,607 $1,784 +11.0% GM% 32.6% 32.9% +0.3pt SG&A% 26.8% 26.6% -0.2pt EBIT $85 $115 +34.8% % of sales 5.3% 6.4% +1.1pts 7
Slide 8: 2011 1H Results
2011 1H Results 2010 1H 2011 1H US$m US$m Change EBIT $85 $115 +34.8% Net Profit $46 $80 +72.8% EPS 2.92 5.00 +71.3% 8
Slide 9: 2011 1H Results
2011 1H Results 2009 1H 2010 1H 2011 1H US$m US$m US$m EBIT $65 $85 $115 Net Profit $33 $46 $80 EPS 2.20 2.92 5.00 9
Slide 10: 2011 1H Sales by Segment
2011 1H Sales by Segment 2010 1H 2011 1H US$m US$m % Growth Power Equipment $1,164 $1,295 +11.3% % to total 72.4% 72.6% Floor Care $443 $489 +10.4% % to total 27.6% 27.4% Total $1,607 $1,784 +11.0% 10
Slide 11: 2011 1H Sales by Region
2011 1H Sales by Region 2010 1H 2011 1H US$m US$m % Growth North America $1,175 $1,265 +7.7% EMEA $347 $403 +15.9% ROW $84 $116 +37.7% Total $1,607 $1,784 +11.0% 11
Slide 12: Working Capital
Working Capital 2010 1H 2011 1H vs ‘10 1H US$m US$m Change Inventory $734 $801 +9.0% Days 83 82 -1 day Trade Rec $577 $592 +2.8% Days 65 61 -4 days Trade Payables -$626 -$679 +8.4% Days 71 70 -1 days Net Working Capital $685 $714 +4.3% % of Sales 21.2% 20.1% -1.1pts 12
Slide 13: Free Cash Flow
Free Cash Flow 2010 1H 2010 FY 2011 1H -$86M -$29M +$65M 13
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Slide 15: BEOSLITHION
BEOSLITHION
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