Slide 1: Tecnotree Corporation Financial Statements 1-12/2013
Tecnotree Corporation Financial Statements 1-12/2013 5th February, 2014
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for Q4 & 1-12/2013 (comparisons to Q4 & 1-12/2012) Q4 2013 Net sales 20.0 M€ (22.4 M€) Adjusted EBIT 3.6 M€ (-0.3 M€) EBIT 3.6 M€ (-3.7 M€) No capitalised R&D expenses left in the balance sheet Cash flow after investments -0.3 M€ (5.5M€) 1-12/2013 Net
Slide 3: Financial Highlights
Financial Highlights M€ 1‒12/2013 1‒12/2012 Net sales 73.9 73.4 Adjusted operating result 3.3 -4.9 EBIT BEFORE R&D CAPITALISATION & AMORTISATION AND ONE-TIME COSTS Ebit 1.6 -12.4 Net result -2.5 -17.0 Order intake 64.8 87.2 Cash flow after investments -7.3 -0.8 Net Cash Flow -3.8 4.8 Cash 6.6 11.3 E
Slide 4: Net Sales by Area
Net Sales by Area 45 + 0,3% 40 35 + 15% 30 25 M€ 20 15 10 - 31% 5 - 36% 0 Americas Europe MEA APAC Act 1-12/2012 38,5 6,7 24,9 3,3 Act 1-12/2013 38,6 4,6 28,6 2,1 Americas + 0,3% Europe - 31% MEA + 15% APAC - 36% 4 5th February 2014 Financial Statements 1-12/ 2013
Slide 5: Order book by Sales Area
Order book by Sales Area 40 35 30 25 M€ 20 15 10 5 0 Q4/2012 Q4/2013 Europe 2,9 1,6 MEA 14,5 20,4 LA 36,7 20,7 APAC 0,1 2,3 Order Book Total 54,2 45,0 5 5th February 2014 Financial Statements 1-12/ 2013
Slide 6: Sales and Orders
Sales and Orders 70 60 50 40 M€ 30 20 10 0 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Tecnotree sales 16,1 10,0 21,3 19,7 22,4 13,9 22,5 17,5 20,0 OBL 40,4 36,2 58,8 59,2 54,2 55,3 53,3 48,0 45,0 Order intake 35,5 5,8 43,9 20,1 17,4 15,1 20,4 12,2 17,1 6 5th February 201
Slide 7: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-12/2013 1-12/2012 Change % Net sales 73.9 73.4 0.6 Other operating income 0.1 0.1 -12.8 Total revenue 74.0 73.5 0.6 Adjusted operating expenses*) -70.6 -78.4 -9.8 Adjusted operating result 3.3 -4.9 - Net impact of R&D capitalizations -1.7 -5.4 -68.2 - One-time
Slide 8: Consolidated Income Statement
Financial Statements 1-12/ 2013 Consolidated Income Statement EUR Million 1-12/2013 1-12/2012 Change % Net sales 73.9 73.4 0.6 Other operating income 0.1 0.1 -12.8 Materials and services -10.6 -14.4 -26.5 Employee benefit expenses -34.6 -35.4 -2.2 Depreciation -3.5 -8.9 -60.5 Other operating expense
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.12.2013 31.12.2012 Change % NON-CURRENT ASSETS Fixed Assets 4.5 7.7 -41.8 Consolidated goodwill 15.3 17.4 -12.4 Other non-current assets 2.3 2.9 -22.8 CURRENT ASSETS Inventories 0.6 0.6 -1.5 Trade Receivables 17.5 22.2 -21.1 Other Receivables 24.4 19.0 28.4
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.12.2013 31.12.2012 Change % SHAREHOLDER’S EQUITY 21.7 32.8 -33.9 NON-CURRENT LIABILITIES Interest-bearing liabilities 20.7 Deferred tax liabilities 3.0 2.8 7.0 Other non-current liabilities 0.9 0.4 118.4 CURRENT LIABILITIES Interest-bearing liabilities 11.1
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 11 5th February 2014 Financial Statements 1-12/ 2013
Slide 12: Ilkka Raiskinen, CEO
Ilkka Raiskinen, CEO 12 5th February 2014 Financial Statements 1-12/ 2013