Slide 1: WashTec AG Q1 2014 Report Conference Call
WASHTEC AG Q1 2014 Report Conference Call WashTec AG Q1/2014 Report, 1 Conference Call May 05, 2014
Slide 2: Q1 2014: Facts & Figures
Q1 2014: Facts & Figures EBIT improved due to positive business development in core Europe Revenues (in €m) EBIT margin (in %) Net Cash Flow (in €m) 66,7 65,3 7.4 64,8 0.1 % 5.5 5.4 -0.6% -1.9% 2012 2013 2014 2012 2013 2014 2012 2013 2014 • Revenues decreased by 0.8% • EBIT at € -0.4m compared to €
Slide 3: Solid balance sheet structure
Q1 2014 : Facts & Figures Solid balance sheet structure Equity ratio (in %) Net finance debt** (in €m) 2,9 50,4 49,5 -1,4 End 2013 1Q/2014 End 2013 1Q/2014 ** Net bank debt plus long-term and short-term finance leasing debt • Equity ratio: slight decrease mainly due to the increased balance sheet to
Slide 4: Revenues and earnings development
Q1 2014 : Facts & Figures Revenues and earnings development Revenues total (Q1) Revenues by segment (Q1) in €m in €m Core Europe North America Eastern Europe Asia/Pacific 65.3 -0.5 54.3 64.8 +1.8 -1.3 52.5 10.4 9.1 -0.7 -1.1 3.6 2.5 3.1 2.4 Q1/2013 Q1/2014 Q1/2013 Q1/2014 Q1/2013 Q1/2014 Q1/2013 Q1/
Slide 5: Profit/Loss Statement
Q1 2014 : Facts & Figures Profit/Loss Statement P+L Q1 2014 Q1 2013 Revenues 64.8 65.3 Slight increase due to change in Gross margin 39.0 (60.2%) 38.6 (59.1%) product + region mix Increased pers. exp. mainly due to tariff increases Personnel expenses (26.8) [41.4%] (26.2) [40.1%] in Core Europe, HC
Slide 6: Very solid balance sheet structure
Q1 2014 : Facts & Figures Very solid balance sheet structure Mar. 31, 2014 Dec. 31, 2013 Balance sheet total 176.3 174.2 Goodwill 42,3 42.3 Equity 87.3 87.8 Equity ratio at 49.5% Net finance debt -1.4 2.9 Positive CF 62.3 Lower accounts receivables Net current assets 65.2 due to lower revenues Mar.
Slide 7: Changed shareholder structure
Changed shareholder structure Q1 2014: Facts & Figures Analyst Coverage Share performance Analyst Recommen- Target (+ Date) dation Price (€) Berenberg (05/12) Hold 8.40 SDAX BHF (02/13) Overweight 11.70 Hauck & Aufhäuser Buy 16.00 (02/14) HSBC (04/14) Overweight 14.00 WashTec MM Warburg (04/14) Buy
Slide 8: Financial calendar
Q1 2014: Facts & Figures Financial calendar June 4, 2014 Annual general meeting 2014 August 7, 2014 1H/14 report November 4, 2014 3Q/14 report November 24 - 26, 2014 Equity Forum WashTec AG Q1/2014 Report, 8 Conference Call May 05, 2014
Slide 9: Disclaimer
No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever