Etteplan Oyj · OMXHEX:ETTE
Etteplan Oyj — Q1 2014 Earnings Presentation
22 slides from Etteplan Oyj's earnings presentation, May 7, 2014
Slide 1: Etteplan Q1/2014: Demand improved at the end of the quarter
Smart way to smart products Etteplan Ett l Q1/2014: Q1/2014 Demand improved at the end of the quarter President and CEO Juha Näkki May 7, 2014
Slide 2: Operating environment in Q1/2014
Smart way to smart products Operating environment in Q1/2014 In Europe, 2014 began in a weak demand situation as expected However expected. However, the market situation took a positive turn at the end of the review period. The positive development of the Chinese engineering design services i ma
Slide 3: Highlights in Q1/2014
Smart way to smart products Highlights in Q1/2014 Revenue decreased by 3.4% and was EUR 33.3 million ((1-3/2013: EUR 34.5 million). ) Sales to key customers declined by 7.1% compared to Q1/2013. Operating profit declined by 34.2% and was EUR 1.2 million (EUR 1.8 1 8 million). million) Operat
Slide 4: Revenue 1-3/2014
Smart way to smart products Revenue 1-3/2014 Revenue by customer segment 3% 5% (2013:2%) Others 19% (2013:3%) Lifting and hoisting 14% 13%materials handling Mining and 6% 19 % Industrial machinery and components 12% (2013:10%) (2013:20%) Energy and power transmission 11% Forest and paper 9% 8% Aeros
Slide 5: Business focus
Smart way to smart products Business focus Customer Growth G th in i kkey focus customers Managed High value-added Vision: Vi i Services services Our customers get the best service Technical solutions anywhere Selling new service product solutions at any time. information Business growth China in Ch
Slide 6: Outlook 2014
Smart way to smart products Outlook 2014 Market outlook The most important factor in the development of Etteplan’s Etteplan s business operations is the development of business operations in the machinery and metal industry. At the beginning of 2014, the revenues and order books of the machinery a
Slide 7: Key Figures
Smart way to smart products Key Figures 1 1-3/2014 3/2014 (EUR 1,000) 1-3/2014 1-3/2013 Change % 1-12/2013 Revenue 33,282 34,459 -3.4 128,647 EBITDA 1,810 2,458 -26.4 9,064 EBITDA, % 5.4 7.1 7.0 Operating profit (EBIT) 1,157 1,758 -34.2 6,366 EBIT, % 3.5 5.1 4.9 Basic earnings per share, EUR 0.04 0.
Slide 8: Revenue
Smart way to smart products Revenue 1-3/2014: EUR 33.3 million (1-3/2013: EUR 34.5 million) 40,0 30,0 20,0 10,0 00 0,0 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014
Slide 9: Operating profit (EBIT) and EBIT %
Smart way to smart products Operating profit (EBIT) and EBIT % 1-3/2014: EUR 1.2 million, 3.5% (1-3/2013: EUR 1.8 million, 5.1%) 3 8,0 EBIT % 7,0 2,5 60 6,0 2 5,0 1,5 4,0 3,0 1 2,0 0,5 1,0 0 0,0 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014
Slide 10: EBITDA and EBITDA %
Smart way to smart products EBITDA and EBITDA % 1-3/2014: EUR 1.8 million, 5.4% (1-3/2013: EUR 2.5 million, 7.1%) 3,5 10,0 EBITDA % 9,0 3 8,0 2,5 7,0 6,0 2 5,0 1,5 4,0 1 3,0 2,0 0,5 1,0 0 0,0 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014
Slide 11: Earnings per share (EUR) and dividends (EUR/share)
Smart way to smart products Earnings per share (EUR) and dividends (EUR/share) Earnings per share 1-3/2014: EUR 0.04 (1-3/2013: EUR 0.05) 0,35 0,30 0,29 0,25 0,22 0,20 0,20 0,19 Earnings per share 0,15 0,15 Dividends 0,11 0,10 0,10 0,10 0,05 0,05 0,04 0,00 2010 2011 2012 2013 Q1/2013 Q1/2014
Slide 12: Cash flow
Smart way to smart products Cash flow Operating cash flow 1-3/2014: EUR -1.7 million (1-3/2013: EUR -2.0 million) Cash flow after investments 1-3/2014: EUR -3.2 million (1-3/2013: EUR -2.2 million) Operating cash flow Cash flow after investments 14,0 12,0 10,0 8,0 6,0 4,0 2,0 0,0 2010 2011 2012 2013
Slide 13: Return on capital employed (ROCE), %
Smart way to smart products Return on capital employed (ROCE), (ROCE) % 1-3/2014: 10.5% (1-3/2013: 15.5%) 30,0 20,0 10,0 0,0 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014
Slide 14: Personnel, average
Smart way to smart products P Personnel, l average 1-3/2014: 1,722 (1-3/2014: 1,745) 1800 1756 1 745 1 736 1 722 1700 1625 1594 1600 1500 2010 2011 2012 2013 Q1/2013 Q1/2014
Slide 15: Income Statement
Smart way to smart products I Income Statement St t t (EUR 1,000) 1-3/2014 1-3/2013 Change % 1-12/2013 Revenue 33,282 34,459 -3.4 128,647 Other operating income 82 64 1,134 Materials and services -3,079 -2,691 -11,605 Staff costs -23,909 , -24,246 , -90,250 , Other operating expenses -4,566 -5,128 -
Slide 16: Balance sheet
Smart way to smart products Balance sheet (EUR 1,000) 31.3.2014 31.3.2013 31.12.2013 Goodwill 39,434 40,658 39,131 Other non-current assets 9,610 8,747 8,678 Non-current assets, total 49,044 49,405 47,809 Trade and other receivables 27,243 27,353 25,709 Cash and cash equivalents 964 3,299 975 Curren
Slide 17: Cash flow
Smart way to smart products Cash flow (EUR 1,000) 1-3/2014 1-3/2013 1-12/2013 Operating cash flow (A) -1,695 -1,960 1,789 Investing cash flow (B) -1,467 -269 -1,634 Cash flow after investments (A+B) -3,192 -2,229 154 Financing cash flow (C) 3,148 243 -4,647 Variation in cash (A+B+C) -45 -1,987 -4,49
Slide 18: Etteplan Oyj's financial targets and realization
Smart way to smart products Etteplan Oyj Oyj’s s financial targets and realization Target and realization in Q1/2014 Action Growth • Average 10% annual • Growth in key customers organic growth • Strong market position Q1/2014: -6.9% enables Etteplan to grow faster than the market • Acquisitions su
Slide 19: Revenue and EBIT 2000 - 2014
Smart way to smart products Revenue and EBIT 2000 - 2014 16 140 130 14 120 12 110 10 100 90 8 80 6 70 4 60 2 50 40 0 30 ‐2 20 4 ‐4 10 0 ‐6 2000 2001* 2002* 2003* 2004* 2005* 2006* 2007 2008 2009 2010 2011 2012 2013 1‐3/2014 Revenue EBIT *) includes continuing and discontinued operations
Slide 20: Major shareholders on March 31, 2014
Smart way to smart products Major shareholders on March 31 31, 2014 Name Number of Holding of shares shares, % Ingman Group Oy Ab 13 650 000 67,64 Oy Fincorp Ab 2 089 055 10,35 Varma Mutual Pension Insurance Company 821 328 4,07 Etteplan Oyj 461 791 2,29 Tuori Klaus 351 000 1,74 Tuori Aino 256 896 1
Slide 21: IR contacts
Smart way to smart products IR contacts • Juha Näkki President and CEO Tel. +358 10 307 2077 • Per-Anders Gådin Senior Vice President, Finance & IT T l +46 Tel. 46 70 399 7929 • Outi-Maria Outi Maria Liedes Senior Vice President, Communications and Operational Development Tel +358 10 307 3251 Tel.
Slide 22: Smart way to smart products
Smart way to smart products ss Etteplan