Draegerwerk Ag & Co. Kgaa · XETR:DRW8
Draegerwerk Ag & Co. Kgaa — Drägerwerk AG & Co. KGaA — Q1 2018 Earnings Presentation
16 slides from Draegerwerk Ag & Co. Kgaa's earnings presentation, Apr 26, 2018
Slide 1: Conference call Interim report January 1 to March 31, 2018
Conference call Interim report January 1 to March 31, 2018 Lübeck, April 26, 2018
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities. No money, securities or other consideration is being solicited by this presentation. This presentation contains forward-looking statements regarding the future d
Slide 3: Business Highlights Q1
Business Highlights Q1 Net Sales Strong negative FX effects burdening the top-line and earnings. -2.5% Currency adjusted Positive cc order intake in Q1: +2.6% (nominal: -2.8%). -7.4% 535.0 nominal Order book above prior year’s level. Pick up in net sales 495.6 development expected for the comi
Slide 4: Order development in Q1
Order development in Q1 Order entry (€ million) Net Sales Group Medical Safety Group America 110 +1.6% +2.2% +0.4% -0.8% Africa, Asia, +13.9% -3.7% -4.0% 169 +9.3% Australia Europe 342 -0.3% +0.4% -1.2% -2.5% Group 621 +2.6% +4.9% -1.4% -2.5% Growth rates are net of currency effects 4
Slide 5: Business development Q1 Group
Business development Q1 Group 3M 2017 3M 2018 Change € million € million % Order Intake 639.4 621.4 -2.8 % growth (FX adjusted) 5.4% 2.6% Net Sales 535.0 495.6 -7.4 % growth 0.5% -7.4% % growth (FX adjusted) -1.1% -2.5% Gross Profit 240.4 205.1 -14.7 Gross margin 44.9% 41.4% -3.5pp Functional Expens
Slide 6: Functional Expenses
Functional Expenses 3M 2017 3M 2018 Change Change net of FX € million € million % % R&D -56,0 -62,0 10,7 14,5 % of Net Sales -10,5% -12,5% Sales & Marketing -137,0 -137,8 0,6 5,5 % of Net Sales -25,6% -27,8% Administration -45,9 -45,7 -0,4 3,2 % of Net Sales -8,6% -9,2% SG&A -182,9 -183,5 0,3 4,9 %
Slide 7: Key Figures 3M 2017 3M 2018
Key Figures 3M 2017 3M 2018 Change € million € million % Cashflow from operating activities 27.8 -24.9 >-100 in % of EBIT >100% 63% Investments 18.0 20.7 15.5 1 Cash and cash equivalents 207.2 204.2 -1.5 1 Net financial debt 18.0 12.4 -31.0 1 2 0.07 0.06 Net financial debt /EBITDA 1 Capital employed
Slide 8: Outlook
Outlook EXPECTATIONS FOR FISCAL YEAR 2018 2017 2018e Current forecast 3.3% +2.0 - +5.0 % Net sales Confirmed (net of currency effects) (net of currency effects) EBIT margin 6.1% 4.0 - 6.0%* Confirmed* * based on exchange rates at the start of the year 2018; Due to the restrained business development
Slide 9: Questions & Answers
Questions & Answers Drager 9 Drager. Technik fiir das Leben®
Slide 10: Business development Q1 Segments
Business development Q1 Segments EBIT- Order entry Net sales Net sales EBIT margin Δ in %* € million Δ in %* € million % Europe -0.3 287.6 -2.5 -8.7 -3.0 America 1.6 93.5 -0.8 -17.8 -19.0 Africa, Asia, Australia 9.3 114.5 -4.0 -13.2 -11.6 Group 2.6 495.6 -2.5 -39.8 -8.0 Medical 4.9 309.9 -2.8 -36.7
Slide 11: Business development Segments
Business development Segments Europe Americas Africa, Asia, Australia Dräger Group Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 € million € million € million € million € million € million € million € million Order entry 347.6 341.5 124.7 110.5 167.1 169.4 639.4 621.4 Net Sales 298
Slide 12: Business development Medical
Business development Medical Q1 2017 Q1 2018 Change Change € million € million % % (FX adj.) Order entry 405.2 401.5 -0.9 4.9 Europe 197.9 196.4 -0.7 0.4 America 83.7 74.7 -10.8 2.2 Africa, Asia, Australia 123.6 130.4 5.5 13.9 Net Sales 336.4 309.9 -7.9 -2.8 Europe 174.7 167.2 -4.3 -3.3 America 68.9
Slide 13: Business development Safety
Business development Safety Q1 2017 Q1 2018 Change Change € million € million % % (FX adj.) Order entry 234.1 220.0 -6.0 -1.4 Europe 149.7 145.1 -3.0 -1.2 America 40.9 35.8 -12.6 0.4 Africa, Asia, Australia 43.5 39.0 -10.3 -3.7 Net Sales 198.6 185.7 -6.5 -2.0 Europe 124.1 120.4 -3.0 -1.4 America 38.
Slide 14: Cash-flow statement
Cash-flow statement 3M 2017 3M 2018 Change € million € million % Group net profit -0,7 -29,0 >-100 Change in inventories -43,8 -68,7 -56,7 Change in receivables 113,7 104,5 -8,1 Change in payables -19,1 -33,9 -77,2 Depreciation and amortization 20,4 21,0 2,6 Other operating cash flow items -42,7 -18
Slide 15: Financial calendar 2018
Financial calendar 2018 March 8, 2018 - Analysts’ meeting April 26, 2018 - Report for the first three months 2018 Conference call May 4, 2018 - Annual shareholders' meeting, Lübeck, Germany July 26, 2018 - Report for the first six months 2018 Conference call October 30, 2018 - Report for the first n
Slide 16: Contact
Contact Melanie Kamann Thomas Fischler Corporate Communications Investor Relations Drägerwerk AG & Co. KGaA Drägerwerk AG & Co. KGaA Moislinger Allee 53−55 Moislinger Allee 53−55 23558 Lübeck, Germany 23558 Lübeck, Germany Tel +49 451 882-3998 Tel +49 451 882-2685 Fax +49 451 882-3944 Fax +49 451 88
Drägerwerk AG & Co. KGaA — Q1 2018 Earnings Presentation on 6ix