Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — HSBC SRI Conference 2016
33 slides from Vossloh Aktiengesellschaft's conference presentation, Feb 2, 2016
Slide 1: Investors Conference – HSBC SRI Conference
Investors Conference – HSBC SRI Conference February 2, 2016, Frankfurt
Slide 2: Agenda
Agenda 1. Sustainability 2. Vossloh Group 3. Integrated Solutions for Rail Infrastructure 4. Vossloh Group – 9M/2015 5. Core Components division 6. Customized Modules division 7. Lifecycle Solutions division 8. Transportation division 9. Outlook 2
Slide 3: Vossloh focuses on sustainability: Certifications
Vossloh 2015 Vossloh focuses on sustainability Standard / Norm Entities / locations already certified DIN ISO 9001 All key locations of Vossloh Group DIN EN ISO 14001 All large locations of Vossloh Group Certifications OHSAS 18001 Nearly all entities / locations of Vossloh Group ILO OHS 2001 Vossloh
Slide 4: Vossloh focuses on sustainability: Environment
Vossloh 2015 Vossloh focuses on sustainability Introduction of an energy management system in the Core Component division in 2014, integrations into the existing management systems planned for 2015 New technology center in Reichshoffen meets all current heat insulation and energy Environment sav
Slide 5: Employees and social Compliance
Vossloh 2015 Vossloh focuses on sustainability Broad range of inhouse and external training and development measures for Vossloh- Employees and social employees, e.g. Vossloh-Academy, „We lead Vossloh“, Leaders Lounge Close cooperation of Vossloh AG and its subsidiaries with schools and universi
Slide 6: Vossloh Group Profile
Vossloh Group Profile Vossloh is a technologically leading Group in the field of rail infrastructure. We provide our world-wide customers with integrated railway solutions. As a rail technology company, we produce tried- and-tested key products. To this end, we are a single- source provider of integ
Slide 7: Vossloh Group, global presence
Vossloh Group, global presence Vossloh subsidiaries: Projects in more than 100 countries worldwide New Finland: Joint venture for three switch production locations as well as a long welded rail production New China: Production of cavity filling elements started New in 2015 Waco, Texas (USA): Product
Slide 8: Vossloh Group, Corporate Structure
Vossloh Group, Corporate Structure Focus on Rail Infrastructure Infrastructure Core Components Customized Modules Lifecycle Solutions Transportation Focus: standardized Focus: modular Focus: specialized Vossloh Locomotives products in large solutions customized to services over the entire Vossloh Ki
Slide 9: A reliable Partner
A reliable Partner 9
Slide 10: Integrated Rail Infrastructure Solutions
Integrated Rail Infrastructure Solutions Products and solutions from a single source Cost-effectiveness Track Fastening Systems Signaling Technical Excellence Signaling Systems Technology Switch Best practice Systems Track and Switch Maintenance/Repair Track Logistics Environment Quiet Tracks Track
Slide 11: Vossloh Group
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Slide 12: Transforming Vossloh – Recovery
Vossloh Group, 9M/2015 Transforming Vossloh – Recovery Vossloh is recovering and stabilizing itself Group sales above comparable prior-year level – project-related sales decrease at Core Components division, significantly higher sales at Customized Modules and Transportation Group EBIT driven
Slide 13: Group sales above prior-year level, EBIT margin nearly doubled
Vossloh Group, 9M/2015 Group sales above prior-year level, EBIT margin nearly doubled Despite the expected sales decrease in the Core Components division, group sales grew above comparable level of the previous year, Customized Modules with double-digit growth, Lifecycle Solutions picking up speed
Slide 14: Share of sales from non-European regions at 35.7 percent
Vossloh Group, 9M/2015 Share of sales from non-European regions at 35.7 percent Group sales in Europe increased: higher sales in Germany and the UK, revenues in Northern Europe (Sweden) well above previous year, sales in Southern Europe again rising with good business in Italy, decreasing sales in
Slide 15: Capital employed decreasing, net debt slightly higher
Vossloh Group, 9M/2015 Capital employed decreasing, net debt slightly higher Decline in equity primarily due to earnings burdens in Q4/2014 Average working capital despite sales increase slightly below prior-year level; closing working capital substantially lower in 2015 Capital employed lower
Slide 16: Cash flow from operating activities positive, free cash flow improved
Vossloh Group, 9M/2015 Cash flow from operating activities positive, free cash flow improved Gross cash flow after nine months of 2015 clearly positive Cash flow from operating activities again positive as well Free cash flow improved substantially as compared to prior-year period; positive fr
Slide 17: Lower investment volumes in all divisions
Vossloh Group, 9M/2015 Lower investment volumes in all divisions Investment volume in the Core Components division considerably reduced due to completion and commissioning of the new production facility in the USA in spring 2015 Investments at Customized Modules decreasing in the course of the u
Slide 18: Core Components division
Core Components division 18 vossloh
Slide 19: Core Components division: Product business
Core Components division Product business Vossloh is a globally leading provider of track fastening systems Production of more than 65 million tension clamps per year in six main production sites around the world: Germany, Poland, Turkey, the USA, China and Russia Products used in more than 65
Slide 20: Core Components division, 9M/2015
Core Components division, 9M/2015 Sales well below previous year as expected, orders received declined slightly Due to substantially lower sales volume in China and declining volumes in Thailand, Poland and Turkey, sales by 22.9 percent below prior-year level; Extraordinary high volume in 2014 in
Slide 21: Customized Modules division
Customized Modules division 21
Slide 22: Customized Modules division: Project business
Customized Modules division Project business Vossloh is one of the world’s leading manufacturers of switch systems Standard, high-speed and special (heavy-haul) switches in accordance with all international standards as well as urban solutions Signaling technology, switch activation and closur
Slide 23: Customized Modules division, 9M/2015
Customized Modules division, 9M/2015 Good sales and earnings development compared to previous year Positive revenue development in several countries, especially in Sweden, Brazil, Morocco and – primarily due to exchange rates – in the USA meant that sales for the division expanded by 13.5 percent
Slide 24: Lifecycle Solutions division
Lifecycle Solutions division 24
Slide 25: Lifecycle Solutions division: Service business
Lifecycle Solutions division Service business Vossloh is a provider of comprehensive service packages as well as services that complement products made by other Vossloh divisions Track grinding, especially High-Speed Grinding, switch processing, track milling, track reconditioning, track testing
Slide 26: Lifecycle Solutions division, 9M/2015
Lifecycle Solutions division, 9M/2015 Sales at prior-year level, EBIT making up ground Sales in the first nine months at prior-year level; Mobile Services with higher sales revenues in the course of the year to date, Stationary Services with stable development, sales in Transport/Logistics decreas
Slide 27: Transportation division
Transportation division 27
Slide 28: Transportation division: Vossloh Locomotives
Transportation division Vossloh Locomotives Leading provider within Europe of cutting-edge diesel-hydraulic and diesel-electric shunting locomotives Development, design, production and supporting services from a single source Locomotives with approval for use in numerous European countries, en
Slide 29: Transportation division: Vossloh Kiepe
Transportation division Vossloh Kiepe Innovative fit outs, traction systems as well as electrical components for road and rail-based vehicles used in urban public transport as well as refurbishments of entire vehicle fleets Core markets in Europe and North America Emission-free electrical trac
Slide 30: Transportation division, 9M/2015
Transportation division, 9M/2015 Substantial sales increase, orders received below prior-year figure Sales in the Transportation division - excluding the Rail Vehicles business unit classified as “discontinued operations” - increased by 35.4 percent as compared to the prior-year figure EBIT sign
Slide 31: Outlook confirmed – Ongoing improvement expected
Vossloh Group, Outlook Outlook confirmed – Ongoing improvement expected Expected sales of approximately €1.13 billion to €1.16 billion 2015e EBIT margin at approximately 3 to 4 percent Positive free cash flow 2016e Sales growth of between 5 and 10 percent expected EBIT margin between 4
Slide 32: Financial calendar and contact
Financial calendar and contact Financial calendar March 17, 2016 Publication of Group financial statements 2015 April 28, 2016 Interim note as of March 31, 2016 May 25, 2016 General Annual Meeting July 27, 2016 Semiannual report as of June 30, 2016 September 23, 2016 Investors and Analysts
Slide 33: Disclaimer
Disclaimer Note: This presentation contains statements concerning the future business trend of the Vossloh Group which are based on assumptions and estimates of the Company’s management. If the assumptions underlying the forecasts fail to materialize, the actual results can significantly deviate fro
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