Andritz Ag · VIE:ANDR
Andritz — Q3 2015 Earnings Presentation
15 slides from Andritz's earnings presentation, Nov 6, 2015
Slide 1: ANDRITZ GROUP: results for Q1-Q3 2015
ANDRITZ GROUP: results for Q1-Q3 2015 November 6, 2015
Slide 2: Increase in Group sales with positive development in all business areas
Increase in Group sales with positive development in all business areas Sales Q1-Q3 2015 vs. Q1-Q3 2014 (MEUR) Sales by business area (MEUR) Q1-Q3 2015 Q1-Q3 2014 +/- Q3 2015 Q3 2014 +/- 4,589 HYDRO 1,310 1,232 +6% 443 427 +4% 4,123 +11% PULP & PAPER 1,586 1,370 +16% 543 501 +8% Q3: METALS 1,240 1,1
Slide 3: Group order intake significantly below high levels in Q3/Q1-Q3 2014
Group order intake significantly below high levels in Q3/Q1-Q3 2014, mainly due to PULP & PAPER and METALS Order intake Q1-Q3 2015 vs. Q1-Q3 2014 (MEUR) Order intake by business area (MEUR) Q1-Q3 2015 Q1-Q3 2014 +/- Q3 2015 Q3 2014 +/- HYDRO 1,122 1,166 -4% 327 351 -7% 4,572 PULP & PAPER 1,256 1,630
Slide 4: Order backlog: Solid workload in all business areas
Order backlog Solid workload in all business areas Order backlog (as of end of period in MEUR) -11% 2010: 2011: 2012: 2013: Q3 2014: 2014: Q3 2015: 5,291 6,683 6,615 7,389 7,702 7,511 6,892 -8% (mainly due to PULP & PAPER and METALS Order backlog by business area (as of end of period in MEUR) HYDRO
Slide 5: Earnings and profitability strongly improved despite one-off effects
Earnings and profitability strongly improved despite one-off effects EBITA Q1-Q3 2015 vs. Q3 2015: Q1-Q3 2014 (MEUR) EBITA, at 110.1 MEUR, up by 9.0% versus Q3 2014 (101.0 MEUR); EBITA margin at 7.0% (Q3 2014: 6.9%) Provisions for Schuler (optimization of value chain) of ~ 55 MEUR booked in Q3 2
Slide 6: Key figures Q3/Q1-Q3 2015 at a glance
Key figures Q3/Q1-Q3 2015 at a glance Unit Q1-Q3 2015 Q1-Q3 2014 +/- Q3 2015 Q3 2014 +/- 2014 Order intake MEUR 3,767.6 4,571.6 -17.6% 1,187.6 1,591.5 -25.4% 6,101.0 Order backlog (as of end of period) MEUR 6,891.8 7,702.2 -10.5% 6,891.8 7,702.2 -10.5% 7,510.6 Sales MEUR 4,589.1 4,122.9 +11.3% 1,583
Slide 7: HYDRO (1): Continuing moderate project and investment activity
HYDRO (1) Continuing moderate project and investment activity Modernizations/rehabilitations New hydropower plants Many projects postponed until further Some new planned projects notice due to unchanged low expected to be awarded only electricity and energy prices in the medium term Small-scale hydr
Slide 8: HYDRO (2): Satisfactory business development
HYDRO (2) Satisfactory business development Q1-Q3 Q1-Q3 HYDRO Unit +/- Q3 2015 Q3 2014 +/- 2014 2015 2014 Reasonable order intake in view of unchanged difficult Order intake MEUR 1,122.0 1,166.0 -3.8% 327.3 351.4 -6.9% 1,816.7 market environment Order backlog (as of end of period) MEUR 3,585.8 3,575
Slide 9: PULP & PAPER (1): Good project and investment activity
PULP & PAPER (1) Good project and investment activity Modernization and greenfield Good project and investment activity both for modernization/refurbishment projects and greenfield pulp mills Biomass/power boilers Unchanged subdued investment activity
Slide 10: PULP & PAPER (2): Significant improvement in earnings and profitability
PULP & PAPER (2) Significant improvement in earnings and profitability Q1-Q3 Q1-Q3 PULP & PAPER Unit +/- Q3 2015 Q3 2014 +/- 2014 2015 2014 Order intake in Q3 2015 declined compared to last yearʼs reference period Order intake MEUR 1,255.7 1,629.6 -22.9% 346.8 572.4 -39.4% 1,995.7 which included sev
Slide 11: METALS (1): continued low project and investment activity, especially in metalforming
METALS (1): continued low project and investment activity, especially in metalforming Metalforming Especially in China, many projects postponed due Aluminum to subdued automotive market; no larger order Project activity awards; satisfactory investment activity in all other below the metalforming are
Slide 12: METALS (2): order intake and earnings/margin significantly down, sales favorably up
METALS (2): order intake and earnings/margin significantly down, sales favorably up Q1-Q3 Q1-Q3 METALS Unit +/- Q3 2015 Q3 2014 +/- 2014 2015 2014 Order intake down in both Schuler and rest Order intake MEUR 953.8 1,328.1 -28.2% 358.4 530.2 -32.4% 1,692.8 of the business area Order backlog (as of en
Slide 13: SEPARATION (1): Mixed market development
SEPARATION (1) Mixed market development Environment, food, and chemicals Feed and Satisfactory investment activity biomass pelleting Unchanged good project activity Mining and minerals Low project activity
Slide 14: SEPARATION (2): Solid order intake and sales, profitability below targets
SEPARATION (2) Solid order intake and sales, profitability below targets Q1-Q3 Q1-Q3 SEPARATION Unit +/- Q3 2015 Q3 2014 +/- 2014 2015 2014 Order intake rose in Q3 2015 and was practical unchanged in Q1-Q3 Order intake MEUR 436.1 447.9 -2.6% 155.1 137.5 +12.8% 595.8 2015 compared to last yearʼs refe
Slide 15: Outlook for remainder of 2015
Outlook for remainder of 2015 Investment activity to remain at current levels HYDRO Project activity for modernizations and new hydropower stations to stable - continue at current subdued level; satisfactory market activity for pumps to continue PULP & PAPER Good project activity for modernizations