Slide 1: Q2 2016 Results
Q2 2016 Results 25 August 2016
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q2'15 Q2'16 Δ% H1'15 H1'16 Δ% (excl. X-rate) (excl. X-rate) Sales 691 645 -6.7% (-4.1%) 1,313 1,248 -5.0% (-4.2%) Gross Profit* 229 230 0.4% 426 425 -0.2% as a % of sales 33.1% 35.7% 32.4% 34.1% SG&A* -133 -129 -3.0% -265 -256 -3.4% as % of sales 19.2% 20
Slide 3: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q2 '15 Q2 '16 Δ% H1 '15 H1 '16 Δ% Recurring EBIT* 56 64 14.3% 84 98 16.7% Restructuring and non-recurring -8 10 -12 6 Operating result 48 74 54.2% 72 104 44.4% Non-operating result -14 -21 -31 -29 Profit before taxes 34 53 41 75 Taxes -9 -13 -13 -25 Net r
Slide 4: Net Financial Debt (in million Euro)
Net Financial Debt (in million Euro) 337 299 261 217 191 176 175 126 94 102 83 58 40 52 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 4
Slide 5: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) 800 Inventories 800 Trade Receivables* 800 Trade Payables 700 711 700 700 688 691 686 600 635 648 600 600 597 580 577575 561 563 542544 542 500 512 512 528 500 500 487482 498484 452 452 464 400 400 436 400 421 413 399388 384371 374 363 300 349351 3
Slide 6: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q2 2016 • Overall good performance of the growth engines. • Recurring EBITDA margin at 12.1% in Q2 and 10.1% after 6 months – step towards reaching the 10% full year 2016 target. • Solid net profit of 40 million Euro. 6
Slide 7: Graphics
Graphics AGFA &
Slide 8: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment 1H 2016 100% = 628 million Euro Inkjet, Software, Service 22% Analog Prepress 10% Digital Prepress 68% 8
Slide 9: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q2'15 Q2'16 Δ% H1'15 H1'16 Δ% (excl. curr.) (excl. curr. ) Sales 349 321 -8.0% (-6.3%) 670 628 -6.3% (-5.6%) Gross Profit* 98 100 2.0% 192 189 -1.6% as a % of sales 28.1% 31.2% 28.7% 30.1% SG&A* -71 -67 -5.6% -141 -132 -6.4% as % of sales 20.3% 20.9% 21.0% 21.
Slide 10: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q2 2016 • For inkjet, the drupa trade fair was a success in terms of order generation. However, as customers are reluctant to invest in the months before the fair, this is not reflected in the topline. • The volume trend in the digital prepress segment conti
Slide 11: HealthCare
HealthCare AGFA &
Slide 12: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment 1H 2016 100% = 531 million Euro Hardcopy 28% Classic Radiology 7% CR/Modalities 20% Imaging IT Solutions* HCIS 29% 16% HealthCare IT = 45% * Includes Radiology and Cardiology IT 12
Slide 13: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q2'15 Q2'16 Δ% H1'15 H1'16 Δ% (excl. curr.) (excl. curr. ) Sales 294 277 -5.8% (-2.0%) 548 531 -3.1% (-2.1%) Gross Profit* 117 116 -0.9% 210 213 1.4% as a % of sales 39.8% 41.9% 38.3% 40.1% SG&A* -57 -56 -1.8% -113 -111 -1.8% as % of sales 19.4% 20.2% 20.6%
Slide 14: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q2 2016 • In spite of the good performance of the IT business, HealthCare’s topline decreased. The decline is mainly explained by the hardcopy business, where sales were exceptionally high in the first three quarters of 2015. • Good performance of the IT s
Slide 15: Specialty Products
Specialty Products AGFA &
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Δ% Δ% Q2 '15 Q2 '16 (excl. curr.) H1'15 H1'16 (excl. curr.) Sales 48 47 -2.1% (-0.9%) 95 89 -6.3% (-5.6%) Gross profit* 14 13 -7.1% 24 23 -4.2% as a % of sales 29.2% 27.7% 25.3% 25.8% SG&A* -7 -7 0.0% -13 -13 0.0% as a % of sales 14.6% 14.9% 13.7% 14
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q2 2016 • Revenue remained almost stable at 47 million Euro. • The good performance of the future oriented businesses such as Synaps Synthetic Paper, the PCB business and Orgacon Electronic Materials partly counterbalanced the decline of the tradit
Slide 18: Questions & Answers
Questions & Answers AGFA &