Trelleborg AB Class B · OMXSTO:TREL_B
Trelleborg AB Class B — Q3 2005 Earnings Presentation
21 slides from Trelleborg AB Class B's earnings presentation, Oct 26, 2005
Slide 1: Welcome to Nine Month Report Update
GROUP Welcome to Nine Month Report Update October 26, 2005 During the past century, Trelleborg has devoted its best efforts to damping, sealing and protecting against the impact of the elements. Our problem-solving approach focuses on superior quality and has been tested over time and under the hars
Slide 2: Group Highlights Q3 2005
Group Highlights Q3 2005 GROUP d Sales increase of 7 % in Q3 2005 d Group Net Sales in Q3 5,846 SEK M (5,460) d Group Organic Growth Q3 4 % d Group Net Sales YTD, 17,988 SEK M (17,383) d Group Net Sales R12, 23,517 SEK M (22,912) d Net Profit rose from 233 to 284 MSEK in Q3 2005 d Operating Profit i
Slide 3: EMU Purchasing managers index vs Ind. Production
EMU Purchasing managers index vs Ind. Production GROUP EMU Purchasing managers index vs Industrial Production 8 67,5 7 65,0 6 62,5 5 60,0 4 57,5 Percent change y/y 3 55,0 Index 2 52,5 1 50,0 0 47,5 -1 45,0 -2 42,5 -3 40,0 -4 37,5 97 98 99 00 01 02 03 04 05 Euro Zone, Business Surveys, PMI, Manufactu
Slide 4: USA: ISM purchasing managers index vs ind. production
USA: ISM purchasing managers index vs ind. production GROUP US Industrial Production and ISM 15,0 65,0 12,5 62,5 10,0 60,0 7,5 57,5 Percent change y/y 5,0 55,0 Index 2,5 52,5 0,0 50,0 -2,5 47,5 -5,0 45,0 -7,5 42,5 -10,0 40,0 97 98 99 00 01 02 03 04 05 0 Production, Manufacturing, Overall, Total, Con
Slide 5: Q3 production down in Europe, positive sales both in US and Europe
Q3 production down in Europe, positive sales both in US and Europe GROUP Light vehicles, Quarterly change YoY NA light vehicle production, thousand units European light vehicle production, thousand units 6 000 6 000 5 000 5 000 4 000 4 000 3 000 3 000 2 000 2 000 1 000 1 000 0 0 Q3’03 Q3’04 Q3’05 Q3
Slide 6: Good growth within prioritized industrial segments
Good growth within prioritized industrial segments SEALING GROUP SOLUTIONS Trelleborg Sealing Solutions Net sales, SEK M Quarterly 1 600 6 000 d Q3 net sales 1,252 SEK M (1,228) 1 400 5 000 d Nine months net sales 3,878 (3,833) 1 200 4 000 1 000 d R12 net sales 5,054 SEK M (5,009 FY) 800 3 000 600 2
Slide 7: US bolt-on acquisition within Aerospace and Medical
US bolt-on acquisition within Aerospace and Medical SEALING GROUP SOLUTIONS Chase-Walton business strengthens Trelleborg in precision aerospace seals d Annual sales of approximately SEK 100 M and about 110 employees at two production units in Hudson, Massachusetts, in the US. d Designs, develops and
Slide 8: Good sales development in North America
Good sales development in North America A U TGORMOOUTPI V E Trelleborg Automotive Net sales, SEK M Quarterly R12 (red line) 3 000 10 000 d Q3 net sales 2,295 SEK M (2,122) 2 500 8 000 d Nine months net sales 7,070 SEK M (6,995) 2 000 d R12 net sales 9,257 MSEK (9,182 FY) 6 000 1 500 4 000 1 000 d Q3
Slide 9: Good sales and profit development
Good sales and profit development ENGINEERED GROUP Trelleborg Engineered Systems Net sales, SEK M SYSTEMS Quarterly R12 (red line) 1 400 5 000 d Q3 net sales 1,042 SEK M (948) 1 200 4 000 d Nine months net sales 3,326 SEK M (3,082) 1 000 d R12 net sales 4,377 MSEK (4,133 FY) 800 3 000 600 2 000 d Q3
Slide 10: Breakthrough for Elastopipe in North Sea
Breakthrough for Elastopipe in North Sea ™ ENGINEERED GROUP SYSTEMS Frame agreement signed with CNR International d A four-year framework agreement with Canadian Natural Resources, CNR International (UK) Limited, regarding upgrading of solutions for fire safety/sealing on CNRs North Sea platforms. d
Slide 11: Significant Trelline order to West Africa
Significant Trelline order to West Africa ® ENGINEERED GROUP SYSTEMS Order for deep-sea hose system Trelline to major oil company in West Africa d First major order for an entirely newly-developed hose system for deep-sea oil projects. Following more than two years of development in cooperation with
Slide 12: Strong sales and profit growth
Strong sales and profit growth WHEEL GROUP Trelleborg Wheel Systems Net sales, SEK M SYSTEMS Quarterly R12 (red line) 900 3 500 d Q3 net sales 721 SEK M (645) 800 3 000 700 d Nine months net sales 2,291 SEK M (2,041) 2 500 600 d R12 net sales 2,972 MSEK (2,722 FY) 500 2 000 400 1 500 d Q3 organic gr
Slide 13: Good sales in Scandinavian Waterproofing
Good sales in Scandinavian Waterproofing BUILDING GROUP Trelleborg Building Systems Net sales, SEK M SYSTEMS Quarterly R12 (red line) 700 2 500 d Q3 net sales 626 SEK M (606) 600 2 000 d Nine months net sales 1,727 SEK M (1,711) 500 d R12 net sales 2,273 MSEK (2,257 FY) 400 1 500 300 1 000 d Q3 orga
Slide 14: Volatile and uncertain raw material cost development
Volatile and uncertain raw material cost development … GROUP Effects expected to be balanced in 4 of 5 business areas, some delays in Automotive Polymers Change in development d Further price increases Natural Rubber d Prices on the move up again, mainly due to high oil prices Other polymers Metal C
Slide 15: Operating Key Ratios
Operating Key Ratios GROUP July - Sep Jan - Sep Oct 2004 - Full year Operating key ratios 2005 2004 2005 2004 Sep 2005 2004 Continuing operations, excluding restructuring costs and impairment losses Operating profit 425 389 1 370 1 379 1 786 1 795 Profit before tax 392 317 1 217 1 150 1 575 1 508 Pr
Slide 16: Trelleborg Group – Income Statements
Trelleborg Group – Income Statements GROUP Income Statement Group July - Sep Jan - Sep Oct 2004 - Full year SEK M 2005 2004 2005 2004 Sep 2005 2004 Continuing operations Net sales 5 846 5 460 17 988 17 383 23 517 22 912 Cost of goods sold -4 287 -3 987 -13 099 -12 613 -17 534 -17 048 Gross profit 1
Slide 17: Cash flow report
Cash flow report GROUP Trelleborg Group, SEK M Change Total cash flow EBITDA, Gross Fixed in excl. assoc. invest- assets working R12 Jan - September companies ments sold capital 2005 2004 2005 Trelleborg Automotive 734 -375 1 83 443 333 450 Trelleborg Sealing Solutions 685 -100 28 -202 411 440 550 T
Slide 18: Q3 earnings Per Share SEK 3.15 (2,65)
Q3 earnings Per Share SEK 3.15 (2,65) GROUP Earnings per share for continuing operations, Light Blue, and also excl. restructuring costs/impairment losses, Blue , SEK 5,00 3,90 3,90 4,00 3,40 3,40 3,50 3,20 3,25 3,15 3,10 3,10 3,05 3,00 2,70 2,70 2,55 2,65 2,00 2,00 2,00 1,00 0,00 -1,00 -0,75 Q3 Q4
Slide 19: Overall Market picture remains
Overall Market picture remains GROUP Trelleborg Group Estimates for our 7 key markets Change Full-year 2005 Full-year 2005 Fragmented picture. General development Building/Infrastructure/ good in Scandinavia. Construction Excellent development. Oil & Gas General good development. Heavy Trucks levell
Slide 20: Outlook 2005
Outlook 2005 GROUP dTrelleborg expected to develop at the same level or somewhat better than underlying markets. d For the full year, the Group’s profits, after tax and for continuing units, excluding restructuring costs, are expected to be in line with 2004. d An increase in prices for polymer-base
Slide 21: Calendar Financial information Shareholder contacts
This interim report presentation is based on a financial report presented according to International Financial Reporting Standards (IFRS). Comparison figures has been compiled from January 1, 2004. More details can be found in the full Interim Report, pages 17-18 on www.trelleborg.com. GROUP Calenda