Kion Group Ag · XETR:KGX
Kion — Q1-Q3 2017 Earnings Presentation
12 slides from Kion's earnings presentation, Oct 19, 2017
Slide 1: KION GROUP AG Conference Call
KION GROUP AG Conference Call Gordon Riske (CEO), Dr Thomas Toepfer (CFO) – Wiesbaden, 19 October 2017
Slide 2: KION Group publishes preliminary results for Q1-Q3 2017 and slightly adjusts outlook
KION Group publishes preliminary results for Q1-Q3 2017 and slightly adjusts outlook Order intake and revenue is €5.7bn in Q1-Q3 2017 Group achieves adjusted EBIT of €562m; adjusted EBIT margin is 9.9% Outlook for Group slightly lowered Reasons are customers` hesitation to invest and delays
Slide 3: Q1-Q3 Preliminaries – Group Key Financials
Q1-Q3 Preliminaries – Group Key Financials Continued profitable growth despite headwinds Order intake Revenue Adj. EBIT and margin Net income (in €m) (in €m) (in €m and %) (in €m) 9.5% 9.9% +40.7% +47.5% 5,699 5,675 +53.4% +40.2% Q1-Q3 4,050 3,848 562 366 164 230 Q1-Q3 2016 Q1-Q3 2017 Q1-Q3 2016 Q1-
Slide 4: Industrial Trucks & Services: Normalised growth and stable margin in Q3 2017
Industrial Trucks & Services Normalised growth and stable margin in Q3 2017 Preliminaries Revenue by category Based on FY 2016 financials Order intake +9.2% +5.2% (in €m) 3,919 4,280 1,284 1,352 Services New business Q1-Q3 2016 Q1-Q3 2017 Q3 2016 Q3 2017 45% 55% +8.2% +6.2% Revenue 3,761 4,070 1,252
Slide 5: Industrial Trucks & Services: Outlook increased to reflect continued strong momentum
Industrial Trucks & Services Outlook increased to reflect continued strong momentum Order intake Explanations (in €m) Outlook Adjusted outlook − Order intake in Q3 2017 shows FY 2017: FY 2017: continued growth but at a more Preliminaries Q1-Q3 2017: 4,280 5,450-5,600 5,650-5,800 normalised level − P
Slide 6: Supply Chain Solutions: Topline lower than anticipated but strong margin step-up
Supply Chain Solutions Topline lower than anticipated but strong margin step-up Preliminaries Revenue by category Based on FY 2016 financials Order intake (in €m) 1,406 493 Business 118 38 Services solutions 72% Q1-Q3 2016 Q1-Q3 2017 Q3 2016 Q3 2017 28% Revenue 1,593 514 (in €m) 75 27 Q1-Q3 2016 Q1-
Slide 7: Supply Chain Solutions: Outlook adjusted downwards to reflect lower run-rate
Supply Chain Solutions Outlook adjusted downwards to reflect lower than anticipated run-rate Order intake Explanations (in €m) Outlook Adjusted outlook − Order intake in Q3 2017 was above level FY 2017: FY 2017: of first and second quarter, but lower Preliminaries Q1-Q3 2017: 1,406 2,350-2,650 1,900
Slide 8: Pipeline review has identified key reasons for outlook adjustment
Supply Chain Solutions Pipeline review has identified key reasons for outlook adjustment Order intake Explanations Illustrative (in €m) 1− Hesitation to invest despite growth in 2,350-2,650 US retail, esp. General Merchandise 1,900-2,100 and Apparel 2− Delayed projects: Longer than expected negotiat
Slide 9: FY 2017 Outlook: Guidance adjusted slightly based on Q1-Q3 preliminaries
FY 2017 Outlook Guidance adjusted slightly based on Q1-Q3 preliminaries KION Group Industrial Trucks & Services Supply Chain Solutions Adjusted Adjusted Adjusted (in €m) Outlook outlook Outlook outlook Outlook outlook Order intake 7,800 – 8,250 7,550 – 7,900 5,450 – 5,600 5,650 – 5,800 2,350 – 2,650
Slide 10: FY 2017 Outlook: Group outlook lowered by 1%-4%
FY 2017 Outlook Group outlook for order intake, revenue and adj. EBIT lowered by 1%-4% Order intake Revenue Adj. EBIT (in €m) (in €m) (in €m) -4.2% -3.1% -4.4% -3.2% -1.3% -3.4% 7,800 8,250 800 7,550 7,900 7,500 7,950 7,400 7,700 740 715 765 Outlook Adjusted outlook Outlook Adjusted outlook Outlook
Slide 11: Financial Calendar
Financial Calendar Date Event 26 October 2017 Quarterly statement for the period ended 30 Sep 2017 (Q3 2017) and analyst call Financial statements press conference and analyst call 1 March 2018 Publication of 2017 annual report (FY 2017) 26 April 2018 Quarterly statement for the period ended 31 Mar
Slide 12: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral presentation of the slides by representatives of the Company (or any