Getinge AB Class B · OMXSTO:GETI_B

Getinge AB Class B — Q1 2015 Earnings Presentation

18 slides from Getinge AB Class B's earnings presentation, Apr 20, 2015

  1. Slide 1: Interim Report January – March 2015

    Interim Report January – March 2015 Alex Myers, CEO and Ulf Grunander, CFO April 20, 2015

  2. Slide 2: Getinge Group Q1 - Summary

    Getinge Group Q1 - Summary ORDER INTAKE, % NET SALES, MSEK (organic) 6712  Order intake on a satisfactory level 2,2 5632  Medical Systems posted positive development, while Extended Care and Infection Control posted weaker performances 0,3  Net sales +19,2% Q1-14 Q1-15 Q1-14 Q1-15  1,4 % when ad

  3. Slide 3: Medical Systems Q1 - Summary

    Medical Systems Q1 - Summary  Strong order intake in Q1 ORDER INTAKE, % (organic) NET SALES, MSEK  Positive development in WE (5,6 %) and 3431 NA (10,3 %) 5,2 2819  Gross margin decrease  Low utilization of capital goods plants Q1-14 Q1-15 Q1-14 Q1-15  Negative currency effects  Challenges in

  4. Slide 4: Extended Care Q1 - Summary

    Extended Care Q1 - Summary ORDER INTAKE, % NET SALES, MSEK  Order intake (organic)  Weak development in WE (-3,1%) and NA (-8%)   Xxxxxxxx RoW +17,8 % 0,9 1695 1973  Gross margin decrease  Xxxxxxxxxxxxxxx  Product mix Q1-14 Q1-15  Xxxxxxxxxxxxxxxx  Negative currency effects Q1-14 Q1-15  EB

  5. Slide 5: Infection Control Q1 - Summary

    Infection Control Q1 - Summary ORDER INTAKE, % NET SALES, MSEK (organic)  Order intake 8,9  Xxxxxxxx  Satisfactory order growth in WE (2,2%) and RoW (6,0%)  Xxxxxxxxxxxxxxx  BRIC-countries continue to be challenging 1308  Disappointing development in NA (-5,5%) 0,9 1117  Xxxxxxxxxxxxxxxx  Lo

  6. Slide 6: FDA Update

    FDA Update Consent Decree signed by judge February 3, 2015 Efforts in customer relations incl. clarification of the Consent Decree and Certificate Medical Necessity Remediation program is progressing according to plan Financial impact in Q1 – SEK 100 m (of which SEK 50 m EBITA and SEK 50 m restructu

  7. Slide 7: Initial Priorities & Focus Areas New CEO

    Initial Priorities & Focus Areas New CEO Get to know the organization and the people Ensure 2015 plans are delivered Develop a Performance Improvement Plan Present the plan incl. new financial targets on Capital Markets Day

  8. Slide 8: Getinge Group Consolidated Results

    Getinge Group Consolidated Results 2015 2014 Q1 Q1 Change % Net sales, SEK M 6 712 5 632 19,2% Gross margin 46,8% 49,3% -2,5 % Operating cost, SEK M -2 615 -2 254 16,1 % EBITA before restructuring 717 670 EBITA margin 10,7% 11,9% Restructuring & integration costs - 183 - 814 Net financial items -189

  9. Slide 9: FDA Financial Impact

    FDA Financial Impact First quarter, 2015 SEK million EBITA result -50 Restructuring charges -50 Operating profit -100 2014 SEK million Provision, 1st quarter 799 Currency effect, 3rd quarter 21 Additional provision, 4th quarter 175 Total 995 Completed remediation activities 2014, provision utilized

  10. Slide 10: Restructuring Charges Q1 & FY 2015

    Restructuring Charges Q1 & FY 2015 Restructuring charges amount to SEK 183 m in Q1 2015  Medical Systems – SEK 69 million  Payment to US Government – Consent Decree (SEK 50 m)  Restructuring of R&D within Cardiac Surgery (SEK 10 m)  Extended Care – SEK 91 million  Resturcturing program for impr

  11. Slide 11: FX effects Q1

    FX effects Q1 SEK m Transaction Translation Total effects effects EBITA -46 122 76 EBIT -46 48 2 Profit before tax -46 21 -25

  12. Slide 12: FX effects FY 2015

    FX effects FY 2015 SEK m Transaction Translation Total effects effects EBITA -250 510 260 EBIT -250 340 90 Profit before tax -250 240 -10

  13. Slide 13: Financials Q1

    Financials Q1 2015 2014 Q1 Q1 Cash flow from operation, SEK million 654 438 Cash conversion, % 69,8% 44% * Net Debt, SEK million 23 526 20 171 Equity, SEK million 18 577 15 404 Equity / assets ratio, % 33,4% 34,0% Net debt / equity ratio, multiple 1,27 1,31 *Adjusted for the provision of SEK 799 m f

  14. Slide 14: Outlook 2015

    GETINGE GROUP Outlook 2015

  15. Slide 15: Outlook 2015

    Outlook 2015  Organic revenue growth is expected to improve in 2015  The outcome of the ongoing discussions with the US FDA is expected to have a negative financial impact of approx. SEK 500 m on operating profit for 2015.  FX effects are expected to negatively impact 2015 pre-tax earnings in the

  16. Slide 16: Getinge Group

    GETINGE GROUP

  17. Slide 17: Forward-looking Information

    Forward-looking Information This document contains forward-looking information based on the current expectations of the Getinge Group’s management. Although management deems that the expectations presented by such forward-looking information are reasonable, no guarantee can be given that these expec

  18. Slide 18: Thank you!

    Thank you! Getinge Group is a leading global provider of equipment and systems that contribute to quality enhancement and cost efficiency within healthcare and life sciences. We operate under the three brands of Arjohuntleigh, Getinge and Maquet. Page 18

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