Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q1 2016 Earnings Presentation
12 slides from Exel Composites Oyj's earnings presentation, May 11, 2016
Slide 1: Profitability impacted by low volumes in Q1 2016; updated outlook for full year 2016
“PROFITABILITY IMPACTED BY LOW VOLUMES IN Q1 2016; UPDATED OUTLOOK FOR FULL YEAR 2016” January – March 2016 Business Review 11 May 2016 Riku Kytömäki President and CEO Exel Composites Plc
Slide 2: Q1 2016 in brief
Q1 2016 in brief • Business environment – Market environment challenging – Key customers have lost market shares; lower order volumes – Long-term market fundamentals prevail • Operations – Cost take out measures, especially in Australia and Finland – Focus on improving operational efficiency and cap
Slide 3: Q1 2016 highlights
Q1 2016 highlights Revenue, MEUR Order intake, MEUR 19.3 18.4 20.5 21.1 18.0 20.8 18.7 19.0 21.4 21.4 21.4 21.4 17.8 21.5 17.9 21.8 22.8 18.0 Q1-Q4 Q1-Q4 Q1 Q1-Q4 Q1-Q4 Q1 2014 2015 2016 2014 2015 2016 Operating profit, MEUR Net cash flow, MEUR 2.1 3.8 1.9 0.6 3.8 3.1 0.5 0.5 0.5 1.3 2.0 0.1 2.4 0.6
Slide 4: Key figures Q1 2016
Key figures Q1 2016 Q1 Q1 Change FY Thousands of EUR 2016 2015 % 2015 Order intake 18,032 22,762 -20.8 83,374 Order backlog 1) 15,382 13,816 11.3 15,348 Revenue 2) 17,919 21,495 -16.6 80,196 Operating profit 146 1,991 -92.7 4,414 % of revenue 0.8 9.3 5.5 Profit for the period -2 1,557 -100.1 2,844 N
Slide 5: Challenging market environment for key customers impacted business volumes
Challenging market environment for key customers impacted business volumes Revenue and order backlog 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015 2016 Revenue, MEUR Order backlog, MEUR, end of period Exel Composites Plc 5
Slide 6: The majority of revenue in Q1 2016 came from Industrial applications
The majority of revenue in Q1 2016 came from Industrial applications Industrial applications Revenue by Customer Industry, MEUR 3.1 Tele- Paper Electrical Machine Transportation 4.6 4.2 communication Industry Industry Industry Industry 4.1 13.8 Construction & Other 9.6 infrastructure applications Q1
Slide 7: Operating profit impacted by declined revenue
Operating profit impacted by declined revenue Operating profit and operating profit margin 4 20% 2 10% 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015 2016 Operating profit, MEUR Operating profit margin, % Operating profit target, % Exel Composites Plc 7
Slide 8: ROCE decreased due to lower operating profit
ROCE decreased due to lower operating profit 30% 60 20% 40 10% 20 0% 0 2013 2014 2015 Q1 2016 Capital employed, MEUR ROCE, % Exel Composites Plc 8
Slide 9: Well positioned for profitable growth
Well positioned for profitable growth • Measures to further control costs, particularly in Australia and Finland • Increasing focus on improving operational efficiency and optimizing global manufacturing footprint • Implementation of long- term growth strategy continues • Attractive long-term market
Slide 10: Outlook for full year 2016 (changes in brackets)
Outlook for full year 2016 (changes in brackets) • The Company continues to implement its new strategy with focus on operational efficiency and optimizing the global manufacturing footprint. The Company estimates that operating profit excluding any non-recurring items will decrease (previously: incr
Slide 11: Your IR contacts
Your IR contacts Riku Kytömäki Mikko Kettunen Noora Koikkalainen President and CEO CFO IR Manager +358 50 511 8288 +358 50 3477 462 +358 50 562 6552 riku.kytomaki@exelcomposites.com mikko.kettunen@exelcomposites.com noora.koikkalainen@exelcomposites.com Exel Composites Plc 11
Slide 12: www.exelcomposites.com
www.exelcomposites.com Exel Composites Plc