Slide 1: Q2 2015 Results
Q2 2015 Results 26 August 2015
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q2'14 Q2'15 Δ% H1'14 H1'15 Δ% (excl. X-rate) (excl. X-rate) Sales 651 691 6.1%(-3.1%) 1,273 1,313 3.1%(-5.1%) Gross Profit* 207 229 10.6% 389 426 9.5% as a % of sales 31.8% 33.1% 30.6% 32.4% SG&A* -125 -133 6.4% -253 -265 4.7% as % of sales 19.2% 19.2% 19
Slide 3: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q2 '14 Q2 '15 Δ% H1 '14 H1 '15 Δ% Recurring EBIT* 46 56 21.7% 62 84 35.5% Restructuring and non-recurring -2 -8 -3 -12 Operating result 44 48 9.1% 59 72 22.0% Non-operating result -13 -14 -27 -31 Profit before taxes 31 34 32 41 Taxes -3 -9 -3 -13 Net resu
Slide 4: Net Financial Debt (in million Euro)
4 Q 4' 0 Q 9 1' 10 Q 445 434 21 Q 0 3' 1 Q 0 391 398 4' 1 Q 0 1' 1 Q 1 161 189 2' 1 Q 1 3' 1 Q 1 313 339 4' 1 Q 1 1' 1 Q 2 2' 1 Q 2 3' 1 Q 2 4' 1 Q 2 267 291 306 295 291 1' 1 Net Financial Debt (in million Euro) Q 3 337 2' 1 Q 3 3' 1 Q 3 299 261 4' 1 Q 3 1' 1 Q 4 2' 1 Q 4 3' 1 Q 4 217 191 176 175 4'
Slide 5: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) 800 Inventories 800 Trade Receivables* 800 Trade Payables 700 717719 711 700 700 688 688 691 686 600 639 635 648 600 600 597 580 577575 561 542544 500 512 500 527 500 496 498 476 487482 484 400 452 452 464 400 438 436 421 400 399388413 384371 300 3
Slide 6: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q2 2015 • Upward trend group revenue – growth engines performed well • Gross profit margin further improved to 33.1% • Solid net profit of 25 million Euro • Net debt of 102 million Euro 6
Slide 7: Graphics
Graphics AGFA &
Slide 8: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment 1H 2015 100% = 670 million Euro Inkjet, Software, Service 21% Analog Prepress 12% Digital Prepress 67% 8
Slide 9: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q2'14 Q2'15 Δ% H1'14 H1'15 Δ% (excl. curr.) (excl. curr. ) Sales 339 349 2.9%(-6.6%) 666 670 0.6%(-8.7%) Gross Profit* 100 98 -2.0% 190 192 1.1% as a % of sales 29.5% 28.1% 28.5% 28.7% SG&A* -66 -71 7.6% -133 -141 6.0% as % of sales 19.5% 20.3% 20.0% 21.0% R&D
Slide 10: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q2 2015 • Helped by the weaker Euro and based on the good performance of inkjet, Agfa Graphics was able to reverse the downward revenue trend • The analog prepress business continued to decline strongly and digital prepress continued to suffer from competiti
Slide 11: HealthCare
HealthCare AGFA &
Slide 12: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment 1H 2015 100% = 548 million Euro Hardcopy 31% Classic Radiology 8% CR/Modalities 20% Imaging IT Solutions* 27% HCIS 14% HealthCare IT = 41% * Includes Radiology and Cardiology IT 12
Slide 13: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q2'14 Q2'15 Δ% H1'14 H1'15 Δ% (excl. curr.) (excl. curr. ) Sales 263 294 11.8%(2.4%) 507 548 8.1%(0.4%) Gross Profit* 99 117 18,2% 183 210 14,8% as a % of sales 37,6% 39,8% 36,1% 38,3% SG&A* -53 -57 7,5% -108 -113 4,6% as % of sales 20,2% 19,4% 21,3% 20,6% R
Slide 14: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q2 2015 • Supported by currency effects, Agfa HealthCare posted solid double digit growth • In the Imaging segment, the direct radiography business continued to grow strongly and the hardcopy business performed well • The IT segment posted considerable rev
Slide 15: Specialty Products
Specialty Products AGFA &
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Δ% Δ% Q2 '14 Q2 '15 (excl. curr.) H1'14 H1'15 (excl. curr.) Sales 49 48 -2.0%(-6.6%) 100 95 -5.0%(-8.7%) Gross profit* 8 14 75,0% 16 24 50,0% as a % of sales 16,3% 29,2% 16,0% 25,3% SG&A* -5 -7 40,0% -11 -13 18,2% as a % of sales 10,2% 14,6% 11,0% 13
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q2 2015 • Revenue remained almost stable at 48 million Euro. • The revenue growth of Orgacon Electronic Materials, Security and the PCB business almost counterbalanced the decline of the traditional film businesses • Recurring EBIT at 6.3 million E
Slide 18: Questions & Answers
Questions & Answers AGFA &