Krones Ag · XETR:KRN
Krones — H1 2014 Earnings Presentation
17 slides from Krones's earnings presentation, Jul 24, 2014
Slide 1: Shaping success – Conference Call H1 2014
krones 1｜ krones Highlights Sample text1st HY 2014 Shaping success Conference Call H1 2014 July 24, 2014
Slide 2: Highlights 1st HY 2014
krones 2｜ krones Highlights Sample text1st HY 2014 Highlights 1st HY 2014 KRONES Value strategy program is working − Revenue increases 4.2 % to € 1,435.5 million in the first half. − Earnings continue to gain strength. EBT margin up from 5.8 % to 6.2 %. − New orders improve by 5.7 %. − KRONES is cau
Slide 3: With a 5.7% increase in orders received KRONES is on track for 2014
krones 3｜ krones Highlights Sample text1st HY 2014 With a 5.7% increase in orders received in 1st HY KRONES is on track for 2014 Trend by region Orders on hand Orders received 2012 2013 2014 in €m in €m Central Europe +6% Western Europe +4% Eastern Europe 1,019 1,462 1,005 +1% 1,328 1,383 980 +3% +1
Slide 4: Sales are increasing in 1st HY 2014 by 4.2%
krones 4｜ krones Highlights Sample text1st HY 2014 Sales are increasing in 1st HY 2014 by 4.2 % Sales Q1 – Q2 Sales per Region (in €m) Germany 132.4 9.2% Central Europe 46.7 3.3% +4% Western Europe 236.5 16.5% +7% Eastern Europe 44.1 3.1% 1,377 1,436 1,290 CIS and Central Asia 70.6 4.9% 733 668 694
Slide 5: EBT-Margin increased significantly based on higher productivity
krones 5｜ krones Highlights Sample text1st HY 2014 EBT-Margin increased significantly based on higher productivity EBT 1st HY Material costs 1st HY 684.7 671.2 +12% 628.1 619.3 +25% -7% 89.4 79.7 50.0 49.7 48.6 47.9 69.2 64.0 40.8 43.9 2011 2012 2013 2014 Material costs to total performance in % 34.
Slide 6: Product filling and packaging: cost efficiency program increases margin
krones 6｜ krones Highlights Sample text1st HY 2014 Product filling and packaging: cost efficiency program increases margin Sales development +6% +1% 1,209 1,128 1,136 635 Key Topics 2014 560 561 Q2 − Taking our LCS business further into the regions 568 575 574 Q1 − Reducing costs now to offset futur
Slide 7: Process technology: turnaround with positive EBT margin
krones 7｜ krones Highlights Sample text1st HY 2014 Process technology: turnaround with positiv EBT margin Sales development +67% -7% 187.1 173,4 105.0 111.8 70,3 Q2 Key Topics 2014 56.6 − Expansion of the component business 103.0 (Operational start of Evoguard in 2014 and Acquisition 55.2 82.1 Q1 of
Slide 8: KOSME: break even reduction through flexibility
krones 8｜ krones Highlights Sample text1st HY 2014 KOSME: break even reduction through flexibility Sales development +9% -1,7% Achievements 2013 54.1 53,2 49.7 27.8 27,1 Q2 − Long term strategy evaluated 24.2 − Kosme will be long term part of the product strategy 25.5 26.3 26.1 Q1 Measures 2014 2012
Slide 9: ROCE improved again
krones 9｜ krones Highlights Sample text1st HY 2014 ROCE improved again ROCE Working Capital 15.6% 16.7% 15.1% 15.3% 25.7% 24.2% 25.2% 15.4% 15.9% 25.0% 26.0% 21.2% 24% 2014 2014 2014 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Average 2013 KRONES generated a ROCE of 15.9 which is in line with full year targets Wor
Slide 10: Free Cash Flow has further improved in first 6 months 2014
10 krones ｜kronesSample text Highlights 1st HY 2014 Free Cash Flow has further improved in first 6 month 2014 1st HY 2014 1st HY 2013 Earnings before tax in €m 89,4 79.7 +/- non-cash expenses and income in €m 101,8 77.2 +/- change in Working Capital in €m -157,9 -157.1 +/- other (mainly tax payments
Slide 11: Balance sheet in € million
11 krones ｜kronesSample text Highlights 1st HY 2014 Balance sheet in € million Assets Equity and liabilities 2,238 2,231 Total 2,238 2,231 Total 2,070 Property, plant and 2,070 equipment, 605 (27%) 593 (27%) intangible assets and 587 (28%) financial assets 797 (39%) 953 (43%) 945 (42%) Non-current a
Slide 12: Supervisory Board and Board of Management
12 krones ｜kronesSample text Highlights 1st HY 2014 Supervisory Board Dr. Jochen Klein Hans-Jürgen Thaus until 25 June 2014 since 25 June 2014 Dr. Klaus Heimann Dr. Verena Di Pasquale until 14 July 2014 since 14 July 2014 Board of Management Werner Frischholz Ralf Goldbrunner until 31 August 2014 fr
Slide 13: Economic outlook per region
13 krones ｜kronesSample text Highlights 1st HY 2014 Economic outlook per region Development of GDP 2013 – 2015 (as of April 2014) 6 CIS 3.1 3.1 Global 2.6 2.3 2.1 2.1 2 USA 3.7 3.6 3.9 3.9 3.0 3.0 2.8 2.8 3.0 3.0 2013 e2014 e2015 1.9 1.9 1 Europe 3 China 1.0 1.2 1.4 1.5 7.7 7.7 7.5 7.5 2013 e2014 e2
Slide 14: Targets for 2014 confirmed
14 krones ｜kronesSample text Highlights 1st HY 2014 Targets for 2014 confirmed In 2014, KRONES will focus even further on the value strategy for profitable growth. KRONES is carefully optimistic to achieve the three targets: − Revenue growth of 4% − EBT Margin of around 6.2% − ROCE above 16%
Slide 15: Thank you! Vielen Dank!
15 krones ｜kronesSample text Highlights 1st HY 2014 Thank you! Vielen Dank!
Slide 16: Financial calendar
16 krones ｜kronesSample text Highlights 1st HY 2014 Financial calendar Interim report 23.10.2014 as per September 30th 2014 Interim report 30.04.2015 as per March 31th 2015 and Annual Report 2014 Olaf Scholz Head of Investor Relations and Annual General Meeting 17.06.2015 International Group Account
Slide 17: Disclaimer
17 krones ｜kronesSample text Highlights 1st HY 2014 Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by KRONES AG management to the best of its knowledge and other information currently available to KRONES A