Kontron Ag · XETR:KTN
Kontron — Q2 2015 Earnings Presentation
11 slides from Kontron's earnings presentation, Jul 30, 2015
Slide 1: Delivering Future – Results Presentation Q2/2015
“DELIVERING FUTURE” KONTRON RESULTS PRESENTATION QUARTERLY RESULTS – Q2/2015 ROLF SCHWIRZ, CEO MICHAEL BOY, CFO JULY 30, 2015
Slide 2: Results Presentation Q2/2015 agenda
KONTRON RESULTS PRESENTATION Q2/2015 01 02 03 04 FINANCIAL OVERVIEW DEVELOPMENT OF KEY PROFIT & LOSS CASH FLOW FINANCIALS FOR STATEMENT STATEMENT GLOBAL BUSINESS UNITS 05 06 07 OPERATIONAL OUTLOOK HY2/2015 GUIDANCE FOR 2015 HIGHLIGHTS MAINTAINED // 2
Slide 3: Financial Overview Q2/2015
01 FINANCIAL OVERVIEW Q2/2015 FINANCIAL RESULT BELOW EXPECTATIONS - GUIDANCE MAINTAINED In € million and % Order Intake Backlog Revenue 120.4 290.8 +31.7 116.1 -7.6 -20.3 (-16.9%) (+10.9%) (-6.5%) 100.1 322.5 108.5 Gross Margin OPEX EBIT (adjusted) 25.9% 26.8 +1.3 3.7 -1,0ppt -5.5 (+4.9%) 24.9% 28.1
Slide 4: Development of Key Financials for Global Business Units
02 DEVELOPMENT OF KEY FINANCIALS FOR GLOBAL BUS Q2/2015 In € million and % Order Intake Q2/2015 Q2/2014 Δ Industrial 51.5 46.2 11 % Communications 20.3 33.2 -39 % Avionics/ Transportation/ 28.3 41.0 -31 % Defense Total 100.1 120.4 -17 % Revenues Q2/2015 Q2/2014 Δ Industrial 53.4 51.9 3% Communicatio
Slide 5: Profit & Loss Statement
03 PROFIT & LOSS STATEMENT Q2/2015 € million / % Q2/2015 Q2/2014 Δ Order intake 100.1 120.4 -16.9 % Order backlog 322.5 290.8 10.9 % Revenues 108.5 116.1 -6.5 % Gross margin 27.1 30.1 -10.0 % in % 24.9 % 25.9 % -1.0 ppt OPEX 28.1 26.8 1.3 EBIT (adjusted) -1.8 3.7 -5.5 in % -1.7 % 3.2 % -4.9 ppt Rest
Slide 6: Cash Flow Statement
04 CASH FLOW STATEMENT Q2/2015 In € million Q2/2015 Q2/2014 Cash Flow from operating activities -9.3 -7.5 Cash Flow from investing activities -9.0 -5.5 Net Debt -31.6 -21.4 6
Slide 7: Operational Highlights
05 OPERATIONAL HIGHLIGHTS Q2/2015 Asia Growth initiative : • APAC revenue + 12,3 %: 7,3 Mio. € (Q2/2014: 6,5 Mio. €) • Acquisition of remaining 45% of shares in Kontron India Progress with “New Kontron”: • Consolidation of Contract Manufacturers finalized: Just 5 CMs remaining, from originally 23 CM
Slide 8: Outlook for the Second Half of 2015
06 OUTLOOK FOR THE SECOND HALF OF 2015 HY2/2015 UPLIFT EXPECTED REVENUE OUTLOOK: Solid Order Backlog for HY2/2015 will provide additional revenues Additional revenues expected from current call-off orders Additional revenues for promising new projects expected to be realized in the course of HY2 Bus
Slide 9: Guidance for 2015 Maintained
07 GUIDANCE FOR 2015 MAINTAINED GUIDANCE CONFIRMED Guidance 2015: Revenues: 490 – 510 € million Gross margin: > 25 % Adjusted EBIT margin: 3-5 % Guidance 2016: Revenues by 2016: > 550 € million Gross margin: > 25 % Adjusted EBIT margin: > 6 % // 9
Slide 10: Disclaimer
DISCLAIMER This document contains certain statements that related to future business and financial performance and future events or developments in relation to Kontron AG that may constitute forward-looking statements and expectations. Such statements are based on the current expectations and certai
Slide 11: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION www.kontron.com // 11