Jungheinrich AG · XETR:JUN3
Jungheinrich — Q1 2013 Earnings Presentation
16 slides from Jungheinrich's earnings presentation, May 8, 2013
Slide 1: Conference Call Interim Report as of March 31, 2013
Conference Call Interim Report as of March 31, 2013 Hans-Georg Frey, CEO Dr. Volker Hues, CFO May 8, 2013
Slide 2: Q1 2013 Highlights
Q1 2013 Highlights World material handling equipment market stable; European market declined by just over 3% year on year Value of incoming orders marginally higher; clear upward trend and good level of orders on hand EBIT curtailed by low plant capacity utilization Reference quarter Q1 2012
Slide 3: World Material Handling Equipment Market as of 3/2013
World Material Handling Equipment Market as of 3/2013 Growth Rates by Region in terms of units; compared to 3/2012 World Market Europe -3% 246.1 247.2 thousands of units Western -6% 3/2012 3/2013 Eastern +8% Asia -2% thereof China: -1% North America +10% World <1% Source: WITS 3/2013. 3 Conference C
Slide 4: Changes in Accounting in 2013
Changes in Accounting in 2013 First-time adoption of the amended version of IAS 19 starting on Jan. 1, 2013 Furthermore: reclassifications to increase transparency The changes affect: Interest income and interest expenses associated with finance lease customer contracts (Financial Services seg
Slide 5: Incoming Orders of all Business Fields
Incoming Orders of all Business Fields in million € +1% 587 580 Encouraging growth posted by the short-term hire and used equipment business, logistics systems business and after-sales services Q1 2012 Q1 2013 5 Conference Call—May 8, 2013
Slide 6: Business Trend—New Truck Business
Business Trend—New Truck Business in units Incoming Orders Production -3% -17% 20,094 19,449 19,908 16,616 Q1 2012 Q1 2013 Q1 2012 Q1 2013 Decrease in production as a result of weak incoming orders in Q4 2012 6 Conference Call—May 8, 2013
Slide 7: Orders on Hand
Orders on Hand +28% 381 New truck business 298 in million € 12/31/2012 03/31/2013 7 Conference Call—May 8, 2013
Slide 8: Consolidated Net Sales
Consolidated Net Sales in million € Net sales from new truck business -4% drop by 9% 533* 514 Net sales from the short-term hire and used equipment business rise by 7% Interest income on finance lease customer contracts is included in net sales from 2013 onwards (effect in Q1 2012: +€10 millio
Slide 9: EBIT
EBIT in million € Q1 2012 EBIT relatively high, driven by good plant capacity utilization caused ROS 7.7% by the high level of incoming orders in -12% 7.0% Q4 2011 Lower plant capacity utilization in 40.8 36.0 Q1 2013 could not be fully offset by stable growth in the short-term hire and used equ
Slide 10: Short-Term Hire Fleet and Trucks for Lease from Financial Services
Short-Term Hire Fleet and Trucks for Lease from Financial Services in million € Trucks for Short-Term Hire Trucks for Lease from Financial Services 223 -13 210 244 -5 239 12/31/2012 03/31/2013 12/31/2012 03/31/2013 10 Conference Call—May 8, 2013
Slide 11: R&D and Capital Expenditures
R&D and Capital Expenditures in million € R&D Expenditures Capital Expenditures Capex ratio as a percentage of net sales 2% 4% Capitalization ratio 9.8% 18.3% 23 10 11 10 Q1 2012* Q1 2013 Q1 2012 Q1 2013 *Adjusted. Focal points: energy efficiency of Capital expenditures more than drive systems, auto
Slide 12: Workforce Trend
Workforce Trend in full-time equivalent (FTE) 11,261 +1% 11,402 Headcount rises due to the Germany 5,167 5,180 first-time consolidation of ISA* and the expansion of the sales companies Abroad 6,094 6,222 12/31/2012 03/31/2013 *ISA – Innovative Systemlösungen für die Automation GmbH, Graz (Austria)
Slide 13: Outlook for 2013—World Material Handling Equipment Market
Outlook for 2013—World Material Handling Equipment Market in thousands of units Europe Asia North America -5% 411 -6% +21% 380 363 +24% 331 2006 311 315 267 266 = 213 +7% +25% 191 182 170 136 2007 2010 2011 2012 2013e 2007 2010 2011 2012 2013e 2007 2010 2011 2012 2013e -3% 951 +23% 975 944 World 794
Slide 14: Jungheinrich Group—Outlook for 2013
Jungheinrich Group—Outlook for 2013 Between Incoming orders €2.1 and €2.3 billion Between Net sales €2.1 and €2.3 billion1 Earnings before interest and Between taxes (EBIT) €165 and €175 million2 Between Capital expenditures on €80 and €100 million tangible assets Research and development ~ €45 mill
Slide 15: Disclaimer
Disclaimer Since developments cannot be foreseen, the actual business trend may deviate from the expectations—some of which are forward-looking—based on assumptions and estimates made by Jungheinrich company management. Factors that can lead to such deviations include changes in the economic, politi
Slide 16: Jungheinrich – Machines. Ideas. Solutions.
GUNGHEINRICH Machines. Ideas. Solutions.