Fuchs Se · XETR:FPE
Fuchs — Fuchs Petrolub — Investor Day (June 2019)
21 slides from Fuchs's investor day presentation, Jun 25, 2019
Slide 1: FUCHS Group Capital Market Day 2019
FUCHS GROUP Capital Market Day 2019 | June 25, 2019
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man
Slide 3: FUCHS2025 An Exciting Journey
FUCHS2025 An Exciting Journey | June 25, 2019 | Stefan Fuchs, CEO
Slide 4: FUCHS2025 Journey Why?
FUCHS2025 Journey Why? We reached a size of 2.5 bn EUR with a complex organization but we are missing some global standards. To continue being successful means: We will maintain the successful elements of the FUCHS DNA. To a certain extent, we have to leave our comfort zone to explore new opport
Slide 5: ACT GLOBAL! Three Key Elements
Three Key Elements CULTURE needs strong − Leadership – put words into action! − Compelling change story − Collaboration 2018 ACT GLOBAL! 2025 STRATEGY needs a clear STRUCTURE needs robust − Vision − Standard processes − FUCHS2025 roadmap − IT & SC integration − Local implementation − Global organiza
Slide 6: FUCHS2025 – Poster #1
von ronis FUCHS2025 -— Poster #1 7 ey elements 2 0 2 5 Toe acca sane = VISION Global alignment and communication between countries, divisions and functions + Global standards and processes / keep local entrepreneuship + Hlerarehy-free communication and open Feedback culture Structure ‘CULTURE CHECK
Slide 7: FUCHS2025 – Poster #2
von ronis FUCHS2025 — Poster #2 7 Ready for departure! KICK-OFF GLOBAL MANAGEMENT. MEETING MARCH ‘= FUCHS2025 got much clearer = More Group approach & collaboration ‘= Less hierarchical mindset Be courageous in construc- ting the FUCHS2025 rocket! KICK-OFF STRATEGY DIALOGUE TEAM MARCH: '= We need to
Slide 8: FUCHS2025 – Vision
FUCHS2025 - Vision Unique company culture with family roots and a strong value foundation. An independent, global thinking and agile company communicating free of hierarchies & practicing an open feedback culture. Global alignment and communication with no friction within the matrix. First choice fo
Slide 9: Investment Initiative
FUCHS GROUP Investment Initiative | June 25, 2019 | Dagmar Steinert, CFO
Slide 10: Growth initiative
Growth initiative Global IT processes € 700+ mn capex € 50+ mn R&D 2016-2021 expenses p.a. 5,500 x2 during the last 10 years employees +50% during the last 10 years l 10
Slide 11: Investment initiative: Regional breakdown
Investment initiative Regional breakdown 20% 20% 2016 - 2018 2019 - 2021 ~ €320 mn 55% > €400 mn 55% 25% 25% Europe Asia-Pacific, Africa Americas EMEA Asia-Pacific Americas l 11
Slide 12: Larger projects overview 2016 - 2018
Investment initiative Larger projects overview 2016 - 2018 Europe Asia-Pacific, Africa Mannheim production expansion China new plant in Wujiang test field Australia new plant in Beresfield, land acquisition Newcastle Kaiserslautern production expansion South Africa grease plant office space high rac
Slide 13: Australia: Beresfield (Newcastle) - New plant (2018)
Investment initiative Australia: Beresfield (Newcastle) - New plant (2018) l 13
Slide 14: China: WuJiang (Shanghai) - New plant (2019)
Investment initiative China: WuJiang (Shanghai) - New plant (2019) l 14
Slide 15: Larger projects overview 2019 - 2021
Investment initiative Larger projects overview 2019 - 2021 EMEA Asia-Pacific Mannheim production expansion China Shanghai office building, new office building holding Yingkou grease production high rack warehouse expansion Kiel production expansion Yingkou 3C grease plant warehouse Australia Melbour
Slide 16: Germany: Mannheim (2019 - 2021)
Investment initiative Germany: Mannheim (2019 - 2021) FUCHS PETROLUB SE Office building FUCHS SCHMIERSTOFFE GMBH High rack warehouse for raw materials l 16
Slide 17: Germany: Kaiserslautern - Plant expansion (2019)
Investment initiative Germany: Kaiserslautern - Plant expansion (2019) l 17
Slide 18: Capex 2016-2021 €700+ mn
Investment initiative Capex 2016-2021 €700+ mn € mn 200 150 100 50 Estimated level of depreciation (excl. PPA) 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Capex Scheduled depreciation* In 2022 maintenance capex amounting to the level of depreciation l 18 * Depreciati
Slide 19: Development amortisation PPA
Development amortisation PPA* € mn 20 15 10 5 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 PPA l 19 * Figures not considering potential additional M&A
Slide 20: Investment Initiative Financial Highlights
Investment Initiative Financial Highlights € mn 2015 2016 2017 2018 2019 Sales 2,079 2,267 2,473 2,567 EBIT 342 371 373 383 CAPEX 50 93 105 121 Capex in % of sales 2.4 % 4.1 % 4.2 % 4.7 % D&A (w/o PPA) 34 37 42 47 D&A (w/o PPA) in % of sales 1.6 % 1.6 % 1.7 % 1.8 % R&D 39 44 47 52 R&D in % of sales
Slide 21: Outlook 2019
Outlook 2019 2018 Q1 Q2 Q3 Q4 FY 2018: EBIT 92 101 104 (92) 86 Sales: 2,567 EBIT: 383 Strong H1 Weakness in Q4 2019 Q1 Q2 H2 FY 2019 Guidance: EBIT 77 < Q2 /18 Sales: +2% to +4% 2,618 - 2,670 Expected recovery to EBIT: -8% to -5% Weak H1 compensate for weak H1 352 - 364 l 21