Rolls-Royce Holdings plc · LSE:RR.
Rolls-Royce — H1 2013 Earnings Presentation
14 slides from Rolls-Royce's earnings presentation, Sep 14, 2013
Slide 1: Rolls-Royce Holdings plc 2013 Half-year results
Rolls-Royce Holdings plc 2013 Half-year results Trusted to deliver excellence
Slide 2: 2013 Half-year
2013 Half-year • Good progress in some areas • Full year 2013 Group guidance confirmed • Tognum consolidated for the first time • More to do, particularly on cost and cash Trusted to deliver excellence
Slide 3: Group highlights
Group highlights Including Tognum Excluding Tognum H1 13 H1 12 +/- H1 13 H1 12 +/- Order book (£bn) 69.2 60.1* 15% 67.4 60.1* 12% Revenue** (£m) 7,320 5,757 27% 6,249 5,757 9% Profit before tax** (£m) 840 628 34% 787 596 32% Net cash (£m) 921 1,317 -396 Earnings per share** 33.33p 26.22p 27% Shareho
Slide 4: Group profit growth
Group profit growth 900 850 53 840 112 (24) 800 787 750 103 700 £m 650 628 (32) 596 600 550 500 Group Tognum Core Volume IAE Other Core Tognum Group UPBT UPBT UPBT UPBT Trusted to deliver excellence
Slide 5: Group cash flow
Group cash flow 1,200 232 (803) 1,000 787 800 600 400 (402) 200 £m 0 (200) (22) (208) (400) (396) (253) (461) (600) (62) 127 (800) Core D&A NWC Capex Other Trading Pension Base Tognum Acq / Change UPBT & Cash / Tax / Cash Disp / in Net Int'bles Flow Shares Flow FX Funds Trusted to deliver excellence
Slide 6: Civil Aerospace
Civil Aerospace H1 2013 H1 2012 +/- Order book (£bn) 56.7 49.6* 14% Engine deliveries 346 313† 11% Revenue** (£m) 3,201 3,034 6% OE revenue** (£m) 1,422 1,314 8% Services revenue** (£m) 1,779 1,720 3% Profit before financing** (£m) 486 306 59% Return on sales** 15.2% 10.1% 5.1pp * Year-end 2012 figu
Slide 7: Defence Aerospace
Defence Aerospace H1 2013 H1 2012 +/- Order book (£bn) 4.9 5.2* -4% Engine deliveries 392 393 -0% Revenue** (£m) 1,236 1,134 9% OE revenue** (£m) 656 559 17% Services revenue** (£m) 580 575 1% Profit before financing** (£m) 211 192 10% Return on sales** 17.1% 16.9% 0.2pp * Year-end 2012 figure ** Un
Slide 8: Marine
Marine H1 2013 H1 2012 +/- Order book (£bn) 4.3 3.9* 10% Revenue** (£m) 1,241 1,070 16% OE revenue** (£m) 697 622 12% Services revenue** (£m) 544 448 21% Profit before financing** (£m) 135 147 -8% Return on sales** 10.9% 13.7% -2.8pp * Year-end 2012 figure ** Underlying figures Trusted to deliver ex
Slide 9: Energy
Energy H1 2013 H1 2012 +/- Order book (£bn) 1.3 1.3* 1% Revenue** (£m) 488 445 10% OE revenue** (£m) 189 179 6% Services revenue** (£m) 299 266 12% Profit before financing** (£m) (3) (6) 50% Return on sales** -0.6% -1.3% 0.7pp * Year-end 2012 figure ** Underlying figures Trusted to deliver excellenc
Slide 10: Power Systems as reported
Power Systems as reported H1 2013 H1 2012 +/- Revenue * (£m) Tognum 1,071 - 1,071 Bergen 168 142 26 Power Systems 1,239 142 1,097 Profit before financing* (£m) Tognum 53 35 18 Bergen 19 17 2 Power Systems 72 52 20 * Underlying figures Trusted to deliver excellence
Slide 11: Power Systems with Tognum at 100%
Power Systems with Tognum at 100% H1 2013 H1 2012 +/- Order book (£bn) 2.1 1.8* 14% Revenue** (£m) 1,239 1,346 -8% OE revenue** (£m) 826 908 -9% Services revenue** (£m) 413 438 -6% Profit before financing** (£m) 72 132 -45% Return on sales** 5.8% 9.8% -4pp * Year-end 2012 figure ** Underlying figure
Slide 12: Group financial strength
Group financial strength Credit rating • S&P A: stable outlook • Moody’s A3: stable outlook Strong liquidity • Total liquidity £4.0bn • Access to global debt markets Debt maturities • Spread to 2026 • No material refinancing 2013 Trusted to deliver excellence
Slide 13: 2013 Half-year
2013 Half-year • Tognum consolidated for the first time • Good progress in some areas • More to do, particularly on cost and cash • Full year 2013 Group guidance confirmed • Continue to invest for future growth Trusted to deliver excellence
Slide 14: Q&A
Q&A John Rishton Chief Executive Mark Morris Chief Financial Officer Trusted to deliver excellence