Elekta Ab Class B · OMXSTO:EKTA_B
Elekta Ab Class B — Q1 2011/12 Earnings Presentation
14 slides from Elekta Ab Class B's earnings presentation, September 2011
Slide 1: Elekta Q1 2011/12
Elekta Q1 2011/12 Human Care Makes °° the Future Possible - E L E KTA
Slide 2: On track and confident of the fiscal year
On track and confident of the fiscal year • Q1 in line with our expectations – Strong Q1 last year – Confident of the rest of the fiscal year • Growth focus continues – Good momentum on our markets in North America and many markets in Europe – Emerging markets is the growth of the future – Strengthe
Slide 3: On track and confident of the fiscal year
On track and confident of the fiscal year • Net sales is flat in unchanged exchange rates – Net sales down 12% to SEK 1,428 M • Lower operating profit – Operating profit down 40% to SEK 92 M – Q1 is the seasonally weakest quarter – Significantly higher EBIT expected in the second half of the year •
Slide 4: North and South America
Regional overview North and South America May – July May – July SEK M Change 2011/12 2010/11 Order bookings -10% 590 658 Net sales -19% 575 713 • Order bookings at unchanged exchange rates was up by 9% Hardware 54% • Positive development in the US Lifecycle Services • Strong growth and positive mome
Slide 5: Europe, Middle East and Africa
Regional overview Europe, Middle East and Africa May – July May – July SEK M Change 2011/12 2010/11 Order bookings -29% 553 777 Net sales -10% 492 549 • Very strong Q1 last year with major orders in Russia to compare with Hardware 37% • Order bookings at unchanged Lifecycle exchange rates was down 2
Slide 6: Asia Pacific
Regional overview Asia Pacific May – April May – April SEK M Change 2010/11 2009/10 Order bookings 23% 557 454 Net sales -1% 361 365 • Order bookings at unchanged exchange rates was up 38% 31% Hardware • China, Taiwan and Australia Lifecycle showed strongest growth Services • Some delays in investme
Slide 7: Regional outlook
Regional outlook North and South America • Stable demand in North America • Strong growth prospects in South America Europe, Middle East and Africa • Stable growth in most established markets • Some uncertainty of government healthcare spending in PIGS • High demand in emerging markets Asia Pacific
Slide 8: Key figures Q1 2011/12
Key figures Q1 2011/12 • Demand in line with expectations – Order bookings up 2% in local currency – Asia Pacific had the strongest development in terms of order bookings • Net sales was flat in local currency – Net sales down 12% to SEK 1,428 M • Operating profit affected by flat sales – Operating
Slide 9: Currency - exposure and sensitivity
Currency - exposure and sensitivity • Currencies had a negative impact on operating earnings of SEK 10 million SEK M FX exposure 10/11 4 000 • Currencies including hedges are 3 000 Operating expenses Revenues expected to have a negative impact of about SEK 125 M on earnings in 2 000 2011/12 1 000 •
Slide 10: Strong balance sheet
Strong balance sheet Liquid assets (SEK M) 2,816 (904) Equity (SEK M) 3,980 +19% ROCE 31% (32%) Net debt/equity -0.15 (0.05) Equity/assets ratio 39% (40%)
Slide 11: Cash flow
Cash flow • Operating cash flow amounted to SEK 159 M • Cash conversion rate at 131% • Cash flow and working capital in fiscal year 11/12 expected to follow the historical seasonal pattern
Slide 12: Record high order backlog
Record high order backlog • Backlog increased to SEK 8,843 M • Continued good visibility of sales and earnings • Healthy backlog development for Leksell Gamma Knife® and Linacs
Slide 13: Confirming guidance for fiscal year 2011/12
Confirming guidance for fiscal year 2011/12 • Net sales is expected to grow by more than 10% in local currency • Operating profit in SEK is expected to grow by more than 10% – Currency effect expected to be negative on results FY 2011/12 by SEK 125 M – Operating profit in FY 2011/12 is expected to b
Slide 14: Human Care Makes the Future Possible
Human Care Makes the Future Possible