Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — H1 FY2014/15 Earnings Presentation

18 slides from Heidelberger Druckmaschinen's earnings presentation, Nov 12, 2014

  1. Slide 1: Interim Results 6-month figures FY 15

    HEIDELBERGER DRUCKMASCHINEN AG, NOVEMBER 12, 2014 Interim Results 6-month figures FY 15 Gerold Linzbach, CEO Dirk Kaliebe, CFO Robin Karpp, Head of IR

  2. Slide 2: Heidelberg gears portfolio toward profitability and growth

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Heidelberg systematically gears portfolio toward profitability and growth – clearly positive EBITDA for first half-year of FY 2014/2015  All regions, except Asia, in line with expectations – economic slowdown in China keeps

  3. Slide 3: Strategic repositioning of portfolio on track: Postpress and Sheetfed

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Strategic repositioning of Heidelberg‘s portfolio on track Realignment completed in Postpress  Postpress Packaging: Agreement with Masterwork Machinery signed End of October  Postpress Commercial: Agreement with Müller Mar

  4. Slide 4: Strategic repositioning on track: Consumables and Digital growth

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Strategic repositioning of Heidelberg‘s portfolio on track Growth in Consumables business  Move into printing chemical manufacturing through acquisition of European supplier Blueprint  Worldwide product roll-out through He

  5. Slide 5: We deliver what we promise: EBITDA margin to reach at least 8%

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 We deliver what we promise: EBITDA margin to reach at least 8 % EBITDA margin % > 8,0% at least 8% 5,9% 2,9% FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 © Heidelberger Druckmaschinen AG Target: Sustainable profitability  Re

  6. Slide 6: Improvement of profitability despite lower volume (6 months)

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Improvement of profitability despite lower volume; positive impact of Gallus transaction in Q2 Net Sales by division EBIT* by division Comments €m €m 1,200  Sales down by 9% yoy due to low order 1,097 € +26m -9% +19 backlog

  7. Slide 7: Improvement of profitability on track - Leverage on target level

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Improvement of profitability on track - Leverage on target level Key figures Comments  EBITDA margin at 5% after 6 months; positive 6m 6m in €m EBIT 2013/14 2014/15  to pY  Special items include restructuring cost for Pos

  8. Slide 8: Balance sheet

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Balance sheet > Assets FY 2014 FY 2014 FY 2015 > Equity and liabilities FY 2014 FY 2014 FY 2015 30.09.2013 31.03.2014 30.09.2014 30.09.2013 31.03.2014 30.09.2014 Figures in mEUR Figures in mEUR Fixed assets 776 751 722 Equit

  9. Slide 9: Financial framework: No major maturities until CY 2017/2018

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Financial framework: No major maturities until CY 2017/2018 Financial framework Maturity profile €m Extended RCF (Jun 2017) 781 Convertible Bond (Jul 2017) 47 High Yield Bond (Apr 2018) Other (amortizing) Net debt (as of Sep

  10. Slide 10: Highlights Q2 FY 2014/15

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Highlights Q2 FY 2014/15  Muted China business and low order backlog at the beginning of the year lead to declining Sales in H1 (-9% against previous year)  EBITDA improves to € 53m (previous year € 31m) – positive one-tim

  11. Slide 11: Q&A

    Q&A H=ID=LB=RG

  12. Slide 12: Investor Relations

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Investor Relations Robin Karpp Head of Investor Relations + 49 (0) 6221 92-6020 + 49 (0) 6221 92-5189 (Fax) robin.karpp@heidelberg.com Heidelberger Druckmaschinen AG Kurfuersten-Anlage 52-60 69115 Heidelberg Germany © Heidel

  13. Slide 13: Disclaimer

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Disclaimer This presentation contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management's views and assumptions formed b

  14. Slide 14: Financial Calendar

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Financial Calendar 2013/14 Date Release of the figures for the February 4, 2015 third quarter 2014/2015 Publication of the final figures June 10, 2015 FY 2014/2015 AGM FY2014/15 July 24, 2015 © Heidelberger Druckmaschinen AG

  15. Slide 15: Order intake in Q2 in line with previous quarters

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Order intake in Q2 in line with previous quarters Order intake FY 2013/14 – Q2 2014/15 Comments  Order intake Q2 14/15 at € 579m €m 643 on previous quarters’ level; 614 600 592 587 588 579 headwind from FX and investment re

  16. Slide 16: Order intake - Regional split

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Order intake – Regional split 6m 2014/15 (PY) South America North America 4.3% (3.5%) 14.8% (13.0%) 38.4% Europe, Middle (35.7%) 12.2% € 1.167m East and Africa Eastern Europe (€ 1.257m) (11.3%) © Heidelberger Druckmaschinen

  17. Slide 17: Improvement of profitability despite lower volume (Q2)

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Improvement of profitability despite lower volume; positive impact of Gallus transaction in Q2 Net Sales by division EBIT* by division Comments €m €m  Sales down by 5% yoy due to low order -5% backlog as of March 2014 and s

  18. Slide 18: Improvement of profitability on track - Leverage on target level (Q2)

    Interim Results 6-month figures FY 15 | November 12th, 2014 28. Januar 2008 Improvement of profitability on track - Leverage on target level Key figures Comments Q2 Q2 in €m 2013/14 2014/15  to pY  EBITDA margin at 8.4 % in Q2 (previous year 5.6%)  Special items include restructuring cost for Net

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