Slide 1: Powering the digital marketplace
i \ \ Powering the digital marketplace
Slide 2: Tecnotree Corporation Interim Review Q1/2014
Tecnotree Corporation Interim Review Q1/2014 29th April, 2014
Slide 3: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for Q1/2014 (comparisons to Q1/2013) Net sales for Q1/2014 were 14.4 M€ (13.9 M€) Order backlog was 49.1 M€ (55.3 M€) Orders received were 18.5 M€ (15.1 M€) Adjusted EBIT -1.8 M€ (-4.0 M€) EBIT -1.8 M€ (-4.6 M€) • No capitalised R&D expenses left in the balance sh
Slide 4: Financial Highlights
Financial Highlights M€ 1-3/2014 1-3/2013 Net sales 14.4 13.9 Adjusted operating result -1.8 -4.0 (EBIT before R&D capitalisation & amortisation and one-time costs) EBIT -1.8 -4.6 Net result -4.8 -5.5 Order intake 18.5 15.1 Cash flow after investments -3.2 1.7 Net cash flow -3.7 -1.0 Cash 2.9 10.5 E
Slide 5: Net Sales by Area
Net Sales by Area 9 8 7 6 5 M€ 4 3 2 1 0 -1 Americas Europe MEA APAC Act 1-3/2013 4,6 1,1 7,7 0,5 Act 1-3/2014 5,7 1,0 6,8 0,8 Change 24,6% -7,3% -11,7% 64,0% Interim Review 1-3/2014 29/4/2014 5
Slide 6: Sales and Orders
Sales and Orders 70 60 50 40 M€ 30 20 10 0 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Tecnotree sales 10,0 21,3 19,7 22,4 13,9 22,5 17,5 20,0 14,4 OBL 36,2 58,8 59,2 54,2 55,3 53,3 48,0 45,0 49,1 Order intake 5,8 43,9 20,1 17,4 15,1 20,4 12,2 17,1 18,5 Interim Review 1-3
Slide 7: Adjusted Income Statement
Adjusted Income Statement M€ 1-3/2014 1-3/2013 Change % Net sales 14.4 13.9 3.1 Other operating income 0.0 0.0 59.2 Total revenue 14.4 14.0 3.1 Adjusted operating expenses* -16.2 -18.0 -10.1 Adjusted operating result -1.8 -4.0 55.8 - Net impact of R&D capitalisations -0.6 - One-time costs Operating
Slide 8: Consolidated Income Statement
Consolidated Income Statement M€ 1-3/2014 1-3/2013 Change % Net sales 14.4 13.9 3.1 Other operating income 0.0 0.0 59.2 Materials and services -2.7 -3.7 -25.1 Employee benefit expenses -7.8 -8.8 -10.9 Depreciation -0.3 -1.0 -71.8 Other operating expenses -5.3 -5.1 4.8 Operating result -1.8 -4.6 61.3
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet M€ 31.3.2014 31.3.2013 Change % Non-current assets Fixed assets 4.4 6.9 -35.4 Consolidated goodwill 15.7 18.0 -13.1 Other non-current assets 1.3 4.2 -68.7 Current assets Inventories 0.8 0.9 -7.4 Trade receivables 18.6 18.1 2.5 Other receivables 26.2 16.6 58.0 Investments 0
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet M€ 31.3.2014 31.3.2013 Change % Shareholder’s Equity 18.4 29.7 -38.2 Non-current Liabilities Interest-bearing liabilities 20.7 Deferred tax liabilities 2.9 2.2 29.1 Other non-current liabilities 1.0 0.5 109.0 Current Liabilities Interest-bearing liabilities 11.1 25.7 -56.8
Slide 11: Prospects for 2014
Prospects for 2014 The company estimates that its net sales and operating result will improve from the previous year. Variations in the quarterly figures will be considerable. Interim Review 1-3/2014 29/4/2014 11
Slide 12: Thank you
Thank you UIBCIOU SSS Powering the digital marketplace