Washtec Ag · XETR:WSU
Washtec — FY2014 Earnings Presentation
17 slides from Washtec's earnings presentation, Mar 30, 2015
Slide 1: Press and Analysts' Conference: Experience & Results
Press and Analysts’ Conference Experience & Results Press and Analysts' Conference 2015
Slide 2: Content
Content 1. Overview 2. 2014: Facts & Figures 3. Outlook 2 Press and Analysts' Conference 2015
Slide 3: Board of Management
Overview Board of Management Dr. Volker Zimmermann Karoline Kalb Rainer Springs Stephan Weber (CTO/CEO) (CHRO) (CFO) (CSO) Supply Chain, Legal & Compliance, Finance and IT Sales and Service, Product Development, Service Investor Relations, Human Management & Marketing Support, Quality Ressources, Gl
Slide 4: Milestones 2014
Overview Milestones 2014 • Leading innovations presented at the Automechanika 2014 • iWash – the customized wash • Wash&Pay – first wash, then pay • WashTec Plus – the online operator tool • MultiFlex – the revolutionary side-washer • Twister – the diligent wheel washer • Extraordinary share perform
Slide 5: Content
Content 1. Overview 2. 2014: Facts & Figures 3. Outlook 5 Press and Analysts' Conference 2015
Slide 6: Solid revenue and earnings development
2014: Facts & Figures Solid revenue and earnings development Revenues (in €m) EBIT (in €m) Net Cash Flow (in €m) 2012 2013 2014 2012 2013 2014 2012 2013 2014 6 Press and Analysts' Conference 2015
Slide 7: Solid balance sheet structure
2014: Facts & Figures Solid balance sheet structure Equity ratio (in %) Net financial debt* (in €m) Net financial liquidity 2012 2013 2014 2012 2013 2014 * Net bank debt plus long-term and short-term finance leasing debt • Equity ratio constantly high • Cash exceeds remaining financial debt 7 Press
Slide 8: Profit/Loss Statement
2014: 2014: Facts Facts & & Figures Figures Profit/Loss Statement P+L 2014 2013 Revenues 302.6 299.7 Increase due to change in product mix and Gross margin 182.6 (60.3%) 177.8 (59.3%) higher revenues Wage increases especially in Germany, Personnel expenses (111.1) [36.7%] (106.4) [35.5%] effects fro
Slide 9: Revenues development across our offer
2014: Facts & Figures Revenues development across our offer in €m 2014 2013 Change Equipment & Service 255.7 255.2 +0.5 Chemicals 34.3 32.0 +2.3 Operations business and 12.6 12.5 +0.1 others Total 302.6 299.7 +2.9 Rounding differences possible 9 Press and Analysts' Conference 2015
Slide 10: Revenues and earnings development
2014: Facts & Figures Revenues and earnings development Revenues total Revenues by segment in €m in €m Core Europe North America Eastern Europe Asia/Pacific +5.6 -1.8 +0.2 -2.1 EBIT total EBIT by segment in €m in €m Core Europe North America Eastern Europe Asia/Pacific +1.3 +2.1 -0.6 -0.8 +0.2 Round
Slide 11: Very solid balance sheet structure
2014: Facts & Figures Very solid balance sheet structure Dec. 31, 2014 Dec. 31, 2013 Balance sheet total 185.8 174.2 Goodwill 42.3 42.3 Equity 90.9 87.8 Equity ratio at 48.9% Net financial liquidity by end of Net finance debt -9.8 2.9 2014 due to strong Cash Flow Net cash flow 29.2 21.0 Higher prepa
Slide 12: Content
Content 1. Overview 2. 2014: Facts & Figures 3. Outlook 12 Press and Analysts' Conference 2015
Slide 13: Planning 2015
Outlook Planning 2015 Segment planning: Segment Plan for Core Europe Plan for Eastern Europe Plan for North America Plan for Asia/Pacific Revenue Stable (≤1%) Significant increase (>3%) Significant increase (>3%) Significant increase (>3%) EBIT Stable (≤3%) Slight increase (≤6%) Significant increase
Slide 14: Backup
Backup 14 Press and Analysts' Conference 2015
Slide 15: Share performance and shareholder structure
Backup Share performance and shareholder structure Share performance Analyst Coverage WashTec Analyst Recommen- Target Price (+ Date) dation (€) BHF (02/13) Overweight 11.70 Hauck & Aufhäuser Hold 15.00 (02/15) HSBC (02/15) Overweight 18.50 SDAX MM Warburg (03/15) Buy 17.00 Average 15.55 Kempen Euro
Slide 16: Financial calendar
Backup Financial calendar March 31, 2015 Annual Report April 30, 2015 1Q/2015 Report May 13, 2015 Annual General Meeting August 05, 2015 1H/2015 Report October 30, 2015 3Q/2015 Report November 23-25, 2015 Equity Forum 16 Press and Analysts' Conference 2015
Slide 17: No offer / Confidentiality
No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever