Krones Ag · XETR:KRN
Krones — FY2019 Earnings Presentation
17 slides from Krones's earnings presentation, Feb 20, 2020
Slide 1: Financial Year 2019 Preliminary Figures
KRONES Financial Year 2019 Preliminary Figures Conference Call February 20, 2020
Slide 2: Christoph Klenk, CEO; Norbert Broger, CFO
2 ｜KRONES Conference Call February 20, 2020 Christoph Klenk, CEO Norbert Broger, CFO
Slide 3: Krones Achieves Targets for 2019
3 ｜KRONES Conference Call February 20, 2020 Krones Achieves Targets for 2019 Despite difficult overall economic conditions, consolidated revenue increased in 2019 by 2.7% to €3.96 billion. Order intake, at €4.08 billion, was up 3.2% year-on-year. Profitability affected by high personnel costs and on
Slide 4: Krones Highlights 2019
4 ｜KRONES Conference Call February 20, 2020 Krones Highlights 2019 +3.2% 4,084 € Mio. 3,959 Revenue (+2.7%) € Mio. New orders Free cash flow -94.4 1.1% € Mio. (PY +120.7 € Mio.) 41.7 € Mio. EBT margin
Slide 5: Revenue Growth Reached our Target – Strong Order Intake, Especially in Q4
5 ｜KRONES Conference Call February 20, 2020 Revenue Growth Reached our Target – Strong Order Intake, Especially in Q4 4,084 3,959 3,957 +3.2% +2.7% 3,854 1,126 1,017 +10.7% 1,069 1,161 -7.9% 925 919 -0.6% 1,000 902 +11% 997 1,022 906 -2.5% 899 +1% 1,042 984 993 892 +5% +10% 2018 2019 2018 2019 New o
Slide 6: Higher Cost and Extraordinary Items for Structural Measures Burdened EBT
6 ｜KRONES Conference Call February 20, 2020 Higher Cost and Extraordinary Items for Structural Measures Burdened in Amount of 70.8 m€ our EBT − EBT 2019 affected by high personnel expenses, negative product mix impact in the first half year and 305.9 71m€ one-time costs for restructuring and portfol
Slide 7: Krones' Revenue Split Remains Well Balanced
7 ｜KRONES Conference Call February 20, 2020 Krones‘ Revenue Split Remains Well Balanced Share of revenue (Q1 – Q4) Europe 2017 2018 2019 CIS/Central Asia 36.1 % 38.8 % 38.8% 2017 2018 2019 1.5 % 2.1 % 1.9% China North America 38.8% 2017 2018 2019 2017 2018 2019 33.3% 3.7% 6.9 % 7.5% 8.1% 14.8 % 13.8
Slide 8: Extraordinary Challenges
8 ｜KRONES Conference Call February 20, 2020 Extraordinary Challenges Similar regional spread expected in the near future, however start in 2020 with extraordinary challenges in two regions: China: Negative impact due to Corona virus expected; impact evaluation to early Middle East: Conflict between
Slide 9: Material and Personnel Cost
9 ｜KRONES Conference Call February 20, 2020 Material and Personnel Cost Material cost Q1 – Q4 (EURm) 2,041.8 1,859.4 2,032.0 − Development in material costs show the first results from measures taken. The ratio to sales declining compared to prior year. 50.9 52.7 51.5 − 3 major reasons for personnel
Slide 10: Working Capital Improved Slightly, ROCE Influenced by Extraordinary Costs
10 ｜KRONES Conference Call February 20, 2020 Working Capital Improved Slightly ROCE Influenced by Extraordinary Costs Working capital* in % ROCE* in % of revenue − Ratio on working capital to sales (average) slightly 27.3 26.9 improved, despite challenging payment terms with 12.8 customers in the be
Slide 11: Development Sales and EBT per Segment, Without Expenses for Structural Measures
11 ｜KRONES Conference Call February 20, 2020 Development Sales and EBT per Segment, Without Expenses for Structural Measures Margins are 3.5% and -0.4% Segment Sales (EURm) EBT (EURm) Product filling Growth EBT margin and decoration +5% +3% +2.8% 3,090 3,178 3,265 8.5% 7.0% 1.7% 263.3 223.3 56.0* Be
Slide 12: Higher Working Capital Caused Significantly Lower Free Cash Flow
12 ｜KRONES Conference Call February 20, 2020 Higher Working Capital Caused Significantly Lower Free Cash Flow (€ million) 2019 2018 Earnings before taxes 41.7 204.3 − The non-cash changes are influenced by high depreciation in 2019 due to IFRS 16 (leasing) and +/– Other non-cash changes +309.4 +19.3
Slide 13: Krones Continues to Grow its Workforce in Emerging Markets
13 ｜KRONES Conference Call February 20, 2020 Krones Continues to Grow its Workforce in Emerging Markets Krones employees worldwide Krones employee development in emerging markets South Africa/ CIS/East Year Asia China Total 17,353 America ME Europe 16,545 15,299 31.12.2017 581 393 734 398 608 2,714
Slide 14: Questions and Answers
14 ｜KRONES Conference Call February 20, 2020 Questions and Answers ? …
Slide 15: Thank you
Thank you for your attention! )( KRONES
Slide 16: Financial Calendar 2020
16 ｜KRONES Conference Call February 20, 2020 Financial Calendar 2020 February 20, 2020 Conference Call Preliminary Figures 2019 March 19, 2020 Annual Report 2019 April 29, 2020 Conference Call Group Q1 2020 and Quarterly Statement as per March 31 May 18, 2020 Annual General Meeting Olaf Scholz Head
Slide 17: Disclaimer
17 ｜KRONES Conference Call February 20, 2020 Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by KRONES AG management to the best of its knowledge and other information currently available to KRONES AG. The