Slide 1: Financial Results Q1 2019
FUCHS GROUP Financial Results Q1 2019 | Analyst’s Conference, 3rd May 2019 | Dagmar Steinert, CFO
Slide 2: Highlights Q1 2019
Highlights Q1 2019 Sales stable at €643 mn EBIT down by 16% to €77 mn Growth initiative results in costs increasing as planned Decline in sales in Europe and Asia due to Outlook 2019 unchanged weakness of automotive markets in Germany and China Sales +2% to +4% EBIT -8% to -5% North and So
Slide 3: Sales development
Sales development € mn + 0% YoY 700 668 643 642 643 618 629 615 611 614 600 500 400 300 Q1 '17 Q2 '17 Q3 '17 Q4 '17 Q1 '18 Q2 '18 Q3 '18 Q4 '18 Q1 '19 l3
Slide 4: Q1 2019 Group sales
Q1 2019 Group sales € mn 800 -3 0 +3 (- 1%) (0%) (+1%) 643 643 0 (0%) 300 Q1 2018 Organic Growth External Growth FX Q1 2019 l4
Slide 5: Regional sales growth Q1 2019
Regional sales growth Q1 2019 New segment reporting as of 2019: EMEA, APAC, Americas Q1 2019 Q1 2018 Growth Organic External FX (€ mn) (€ mn) Europe, Middle East, Africa 400 415 -4% -3% - -1% Asia-Pacific 171 178 -4% -5% - +1% Americas 106 95 +12% +8% 0% +4% Consolidation -34 -45 - - - - Total 643 6
Slide 6: Income statement Q1 2019
Income statement Q1 2019 € mn Q1 2019 Q1 2018 Δ € mn Δ in % Sales 643 643 0 0 Gross Profit 217 225 -8 -4 Gross Profit margin 33.7 % 35.0 % - -1.3 %-points Other function costs -142 -136 -6 4 EBIT before at Equity 75 89 -14 -16 At Equity 2 3 -1 -33 EBIT 77 92 -15 -16 Earnings after tax 55 67 -12 -18
Slide 7: EBIT development
EBIT development (Q3 2018: €12 mn one-off effect from sale of at equity share) € mn - 16% YoY 120 101 104 94 96 91 92 92 (92) 90 86 77 60 30 0 Q1 '17 Q2 '17 Q3 '17 Q4' 17 Q1 '18 Q2 '18 Q3 '18 Q4' 18 Q1' 19 l7
Slide 8: EBIT by regions
EBIT by regions Q1 2019 (Q1 2018)1 € mn 100 14 4 77 (13) (1) (92) 80 21 (28) 60 38 (50) 40 20 0 EBIT margin EMEA Asia-Pacific Americas Holding/cons. Group before at equity1 9.0% (11.3%) 12.3% (15.7%) 13.2% (13.7%) 11.7% (13.8%) 1 2018 comparable l8
Slide 9: Cash flow Q1 2019
Cash flow Q1 2019 € mn Q1 2019 Q1 2018 Δ in % Earnings after tax 55 67 -18 Amortization/Depreciation 18 14 29 Changes in net operating working capital (NOWC) -17 -33 48 Other changes -9 -9 - Capex -34 -18 89 Free cash flow before acquisitions 13 21 -38 Acquisitions 0 -1 - Free cash flow 13 20 -35 l9
Slide 10: Net operating working capital (NOWC)
Net operating working capital (NOWC)* 650 24.0% 23.4% 23.5% 600 22.3% 22.5% 550 21.8% 21.3% 500 21.0% 86 21.0% 450 85 19.9% 81 400 79 19.5% 78 350 73 77 300 18.0% 2013 2014 2015 2016 2017 2018 Q1 2019 NOWC (in € mn) NOWC (in %)* NOWC (in days) * In relation to the annualized sales revenues of the la
Slide 11: Q1 2019 earnings summary
Q1 2019 earnings summary Decrease in sales in EMEA and Asia-Pacific due to weakness of the automotive market in China and Germany North and South America continues to grow organic and offsets sales decrease in APAC and EMEA Positive FX effects North- and South America due to a strong US dollar
Slide 12: Outlook 2019 unchanged
Outlook 2019 unchanged Presupposing a growth of the automotive industry by 1% Performance indicator Actual 2018 Outlook 2019 Sales € 2,567 mn +2% to +4% EBIT comparable (before one-off effect) € 371 mn -5% to -2% EBIT € 383 mn -8% to -5% FUCHS Value Added € 251 mn ~ € 200 mn Free cash flow before ac
Slide 13: Disclaimer
Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man
Slide 14: Adjusted 2018 quarterly figures accounting for the new segment reporting structure
Adjusted 2018 quarterly figures accounting for the new segment reporting structure EMEA Asia-Pacific North and South America 2018 comparable Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Sales by company location 415 414 408 381 1,618 178 191 173 164 706 95 104 105 105 409 EBIT before at equity incom