Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q1 2012 Earnings Presentation
13 slides from Exel Composites Oyj's earnings presentation, 2012
Slide 1: Interim Report Q1 2012
Private and Confidential Interim Report Q1 2012 Exel Composites Plc Vesa Korpimies, President and CEO
Slide 2: Q1 2012 in brief
January – March 2012 Q1 2012 in brief MEUR Q1 2012 Q1 2011 Change Net sales 20.5 21.5 -4.8% Operating profit 1.8 3.1 -41.7% Operating profit (%) 8.9 14.6 Net operative cash flow +1.5 +1.6 Return on capital employed (%) 18.1 29.1 Net gearing (%) -8.1 -7.2 EPS 0.11 0.20 -2-
Slide 3: Net sales decreased by 4.8% to MEUR 20.5 (21.5)
January – March 2012 Net sales decreased by 4.8% to MEUR 20.5 (21.5) The softening of the overall demand that Net sales started towards the end of 2011 25 continued in Q1 2012 Net sales decreased by 4.8% compared 20 to Q1 2011. However, net sales increased slightly on the previous quarters and were
Slide 4: Operating profit decreased to MEUR 1.8 (3.1)
January – March 2012 Operating profit decreased to MEUR 1.8 (3.1) Operating profit in Q1 2012 was MEUR 1.8 (3.1) Operating profit Operating profit margin in Q1 2012 was 8.9% (14.9%) 4,0 3,5 Main reasons for lower operating profit were 3,0 decreased sales volumes, 2,5 increased raw material costs, ME
Slide 5: Focus on developing and strengthening the organization continued
January – March 2012 Focus on developing and strengthening the organization continued Kim Sjödahl appointed SVP Product & Technology Development and member of Group Management Team as of 1 February 2012 ExelWay-project that was launched in H2 2011 was continued — Project aims at improving co-operati
Slide 6: Positive cash flow continued
January – March 2012 Positive cash flow continued In January - March 2012 cash flow Operative cash flow from business operations was MEUR 6 1.5 (1.6) Capital expenditure was MEUR 0.8 5 (0.6) Cash flow (MEUR) 4 On 31 March 2012, the Group’s liquid assets stood at MEUR 10.6 (12.7) 3 Main increase in c
Slide 7: Financial position remained strong
January – March 2012 Financial position remained strong, net interest-bearing loans were reduced to MEUR -2.4 (-2.4) Net gearing and equity ratio 200 % 80 % 178 % 150 % 60 % 52 % Equity ratio Net gearing 100 % 40 % 50 % 25 % 20 % 0% -8 % 0 % -50 % -20 % Net gearing Equity ratio The dividend for 2011
Slide 8: Risk elements
Risk elements The most significant near-term business risks are related to the general economic development, government regulations and a possible new financial crisis in the Euro area as well as to market demand in certain market segments Raw material prices, energy cost and other cost increases ma
Slide 9: Outlook for 2012
Outlook for 2012 Major uncertainties relating to general growth prospects in the economy continue, and these uncertainties may affect the demand for composite products. Due to the prevailing state of the markets, the visibility is low. Exel Composites maintains its cautious stance in 2012, but will
Slide 10: Focus on business agility
Focus on business agility We will continue our strategy of profitable growth and to invest in the development of new products, to expand our customer base by reinforcing sales and to maintain good cost control We are prepared to take more efficient actions to cope with continuing slow demand and unc
Slide 11: Major Shareholders on 5 April 2012
Major Shareholders on 5 April 2012 Number of Percentage of shares share capital Nordstjernan AB 3,496,506 29.39 Ilmarinen Mutual Pension Insurance Company 689,400 5.79 OP-Suomi Small Cap Inv. Fund 540,000 4.53 Ulkomarkkinat Oy 480,000 4.03 Fondita Nordic Micro Cap Inv. Fund 450,000 3.78 Veikko Laine
Slide 12: Share price development
Share price development Exel Composites share price development 2.0 (2.9) % of shares outstanding were traded May 2011 – April 2012 in Q1 2012 The highest share quotation was EUR 8.79 (9.30) and the lowest EUR 7.70 (6.85) The share price closed at EUR 8.29 (9.28) and the market capitalization on 31
Slide 13: Exel Composites' units
Exel Composites’ units - 13 -