Slide 1: Tecnotree Corporation Interim Report Q2/2012
Tecnotree Corporation Interim Report Q2/2012 8th Aug, 2012
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for Q2 2012 (comparisons to Q2 2011) Record order backlog of 58.8 M€ (21.5 M€ in Q2 2011) New orders of 43.9 M€ were received in Q2 (17.8 M€), including one order worth 18 M€ from Latin America Net sales in Q2 were 21.3 M€ (18.5 M€) The net sales for the q
Slide 3: Financial Highlights
Financial Highlights M€ 1‒6/2012 1‒6/2011 Net sales 31.3 29.1 Adjusted operating result -3.8 -1.6 EBIT BEFORE R&D CAPITALISATION & AMORTISATION AND ONE-TIME COSTS Ebit -6.7 -7.7 Net result -7.7 -9.0 Order intake 49.7 36.3 Cash flow after investments 1.1 -12.2 Net Cash Flow 4.4 -6.3 Cash 11.0 10.4 Eq
Slide 4: Net Sales by Area
Net Sales by Area 18 +51% 16 14 -24% 12 10 M€ 8 6 +15% 4 -11% 2 0 Americas Europe MEA APAC Act 1-6/2011 10,2 3,4 13,6 1,9 Act 1-6/2012 15,4 3,9 10,3 1,7 Americas +51% ‒ Europe +15% ‒ MEA -24% ‒ APAC -11% 4 8th Aug 2012 Interim Report Q2/2012
Slide 5: Sales and Orders
Sales and Orders 70 60 50 40 M€ 30 20 10 0 Q2/2010 Q3/2010 Q4/2010 Q1/11 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Tecnotree sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 OBL 21,0 20,1 14,3 22,1 21,5 21,0 40,4 36,2 58,8 Order intake 18,4 12,4 8,2 18,4 17,9 16,7 35,5 5,8 43,9 5 8th Aug 2012 Interi
Slide 6: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-6/2012 1-6/2011 Change % Net sales 31.3 29.1 7.6 Other operating income 0.0 0.0 Total revenue 31.3 29.1 7.7 Adjusted operating expenses *) -35.1 -30.7 14.4 Adjusted operating result -3.8 -1.6 - Net impact of R&D capitalizations -2.8 -3.6 -21.8 - One-time costs
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.6.2012 30.6.2011 Change % NON-CURRENT ASSETS Fixed Assets 12.3 19.9 -38.2 Consolidated goodwill 18.9 20.2 -6.7 Other non-current assets 3.3 3.3 1.6 CURRENT ASSETS Inventories 1.1 1.2 -7.4 Trade Receivables 17.6 22.4 -21.3 Other Receivables 27.7 26.7 3.6 Inve
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.6.2012 30.6.2011 Change % SHAREHOLDER’S EQUITY 44.8 59.5 -24.7 Interest-bearing liabilities 11.1 13.4 -16.9 Deferred tax liabilities 3.3 2.7 23.2 Other non-current liabilities 0.4 0.5 -21.4 CURRENT LIABILITIES Interest-bearing liabilities 14.8 12.2 20.9 Non-
Slide 9: Prospects for 2012
Prospects for 2012 Tecnotree estimates that net sales and the operating result in 2012 will be better than in 2011. The adjusted operating result is estimated to be positive. Variations in the quarterly figures will be considerable. The cash flow after investments is also expected to improve
Slide 10: Additional Financial Information for Investors
ADDITIONAL FINANCIAL INFORMATION FOR INVESTORS 10 8th Aug 2012 Interim Report Q2/2012
Slide 11: Sales and Adjusted Operating Result
Sales and Adjusted Operating Result 4 per. Mov. Avg. (Adj. operating result %) M€ 25 30% 20% 20 10% 15 0% 10 -10% -20% 5 -30% 0 -40% -50% -5 -60% -10 -70% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 Adj. operating result -0,6 2,
Slide 12: Consolidated Income Statement
Interim Report Q2/2012 Consolidated Income Statement EUR Million 1-6/2012 1-6/2011 Change % Net sales 31.3 29.1 7.6 Other operating income 0.0 0.0 Materials and services -5.9 -4.8 21.9 Employee benefit expenses -15.6 -16.6 -6.3 Depreciation -3.9 -5.1 -23.4 Other operating expenses -12.6 -10.2 23.4 O
Slide 13: Sales by Area: Americas
Sales by Area Americas 25 80% M€ 70% 20 60% 15 50% 40% 10 30% 20% 5 10% 0 0% Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Q2/2012 Tecnotree Sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 Americas 10,7 4,2 5,8 1,7 8,5 8,6 4,5 3,7 15,4 % 55% 32% 41% 16% 46% 50% 28% 37% 72% 4 per. Mov. Avg. (%
Slide 14: Sales by Area: APAC
Sales by Area APAC M€ 25 14% 12% 20 10% 15 8% 10 6% 4% 5 2% 0 0% Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Q2/2012 Tecnotree Sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 APAC 1,1 1,7 0,5 0,4 1,5 1,1 1,0 1,1 0,6 % 6% 13% 4% 4% 8% 6% 6% 11% 3% 4 per. Mov. Avg. (%) 14 8th Aug 2012 Interim
Slide 15: Sales by Area: Europe
Sales by Area Europe M€ 25 20% 18% 20 16% 14% 15 12% 10% 10 8% 6% 5 4% 2% 0 0% Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Q2/2012 Tecnotree Sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 Europe 1,9 1,0 1,8 2,0 1,4 1,7 2,8 1,4 2,5 % 10% 8% 13% 19% 8% 10% 17% 14% 12% 4 per. Mov. Avg. (%) 15
Slide 16: Sales by Area: MEA
Sales by Area MEA M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Q2/2012 Tecnotree Sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 MEA 5,7 6,3 5,9 6,5 7,0 5,8 7,7 3,8 6,4 % 30% 47% 42% 61% 38% 34% 48% 38% 30% 4 per. Mov. Avg. (%) 16 8th Aug 201
Slide 17: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Q2/2012 Tecnotree sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 Services 6,9 5,8 6,8 5,9 7,1 6,4 7,7 4,0 7,4 New customers 4,2 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 Existing customers 8,2 7,5 7,2 4,7 11,4 10,8 8,4
Slide 18: Materials and Services
Materials and Services M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q1/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Sales 14,1 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 Materials and Services 2,1 1,9 2,4 1,7 3,1 3,9 2,1 1,9 4,0 % 15% 14% 17% 16% 17% 23% 13% 19% 19% 4 per. Mov. Avg. (%) 18 8th Aug 20
Slide 19: Employee Benefits
Employee Benefits 25 90% M€ 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 Employee 7,4 6,8 7,8 8,4 8,2 6,6 7,3 7,8 7,8 benefits % 39% 51% 56% 80% 44% 38% 45% 78% 37% 4 per. Mov. Avg. (%) 19 8th
Slide 20: Other Operating Expenses
Other Operating Expenses M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 Other Opex 5,3 4,5 6,2 6,1 4,1 4,5 8,1 5,6 7,0 % 27% 34% 44% 58% 22% 26% 51% 56% 33% 4 per. Mov. Avg. (%) 20 8th Aug 201
Slide 21: Assets by Quarter
Assets by Quarter M€ 140 120 100 80 60 40 20 0 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Cash 22,0 14,1 16,7 12,8 10,4 7,8 6,7 6,0 11,0 Investments 0,9 1,4 0,6 1,5 0,9 0,9 0,0 0,0 0,0 Other rec. (mainly WIP) 24,2 23,2 24,2 19,7 26,7 31,8 29,3 26,3 27,7 Trade receivables 20,9 19,8 17,3 19
Slide 22: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 140 120 100 80 60 40 20 0 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Current non-interest bearing 19,3 13,2 14,2 13,4 16,9 18,5 17,6 14,3 16,3 Current interest bearing 2,3 2,2 5,2 8,2 12,2 12,2 15,8 14,8 14,8 Deferred tax 3,8 3,5 3,3 2,8 2,7 2,4 4,4 3,
Slide 23: 8th Aug 2012 Interim Report Q2/2012
23 8th Aug 2012 Interim Report Q2/2012