Slide 1: Q2 and First Half 2012 Results
Q2 and First Half 2012 Results 22 August 2012
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q2'11 Q2'12 ∆% H1'11 H1'12 ∆% (excl. X-rate) (excl. X-rate) Sales 763 779 2.1% (-2.2%) 1,499 1,513 0.9% (-2.1%) Gross Profit* 216 226 4.6% 447 434 -2.9% as a % of sales 28.3% 29.0% 29.8% 28.7% SG&A* -146 -147 0.7% -292 -291 -0.3% SG&A as % of sales 19.1%
Slide 3: Net Financial Debt (in million Euro)
Net Financial Debt (in million Euro) 661 569 500 445 434 391 398 313 339 306 267 291 161 189 Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 Q210 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 3
Slide 4: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) 800 Inventories 800 Trade Receivables* 800 Trade Payables 700 717719 711 700 720726 700 688 688 681 600 633 627 639 639 600 600 605607 591 585 583 575 577 543 539 500 514 500 521532 527 500 483 482 496 487482 473 469 471 467 476 400 400 438 400 300
Slide 5: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q2 2012 • Strong performance of industrial inkjet and healthcare IT. • Situation on the traditional film markets continues to normalize. • Thanks to the Group’s efforts to improve operational efficiency, gross margin continued to recover quarter-on-quarter. In s
Slide 6: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q2 '11 Q2 '12 ∆% H1'11 H1'12 ∆% Recurring EBIT* 36 32 -11.1% 76 53 -30.3% Restructuring and non-recurring -11 -11 -19 -21 Operating result 25 21 57 32 Non-operating result -20 -27 -43 -57 Profit before taxes 5 -6 14 -25 Taxes -1 1 -5 -6 Net result 4 -5 9
Slide 7: Graphics
Graphics AGFA &
Slide 8: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q2'11 Q2'12 ∆% H1'11 H1'12 ∆% (excl. curr.) (excl. curr. ) Sales 405 418 3.2% (-1.8%) 791 814 2.9% (-0.8%) Gross Profit* 104 108 3.8% 215 208 -3.3% as a % of sales 25.7% 25.8% 27.2% 25.6% SG&A* -80 -82 2.5% -160 -161 0.6% as % of sales 19.8% 19.6% 20.2% 19.8%
Slide 9: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q2 2012 • Industrial Inkjet performed strongly. • In analog prepress, the evolution of the film volumes continued to normalize. • In digital prepress, the European business suffered from the weakness of the economy. This was counterbalanced by a strong perfo
Slide 10: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment 1H 2012 100% = 814 million Euro Inkjet, Software, Service 18% Analog Prepress 18% Digital Prepress 64% 10
Slide 11: HealthCare
HealthCare AGFA &
Slide 12: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q2'11 Q2'12 ∆% H1'11 H1'12 ∆% (excl. curr.) (excl. curr. ) Sales 290 300 3.4% (-0.3%) 577 578 0.2% (-2.2%) Gross Profit* 101 109 7.9% 208 209 0.5% as a % of sales 34.8% 36.3% 36.0% 36.2% SG&A* -60 -59 -1.7% -119 -117 -1.7% as % of sales 20.7% 19.7% 20.6% 20.
Slide 13: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q2 2012 • In IT, both Imaging IT and Enterprise IT posted strong revenue growth. • The situation on the traditional X-ray market started to normalize. • The digital radiography business was rather soft due to extended accreditation processes for medical de
Slide 14: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment 1H 2012 100% = 578 million Euro Hardcopy 30% Classic Radiology 12% CR/Modalities 18% HIS/CIS Imaging IT* 12% 28% HealthCare IT = 40% * Includes Radiology and Cardiology IT 14
Slide 15: Specialty Products
Specialty Products AGFA &
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) ∆% ∆% Q2 '11 Q2 '12 (excl. curr.) H1'11 H1'12 (excl. curr.) Sales 68 61 -10.3% (-12.3%) 131 121 -7.6% (-9.0%) Gross profit* 10 9 -10.0% 23 17 -26.1% as a % of sales 14.7% 14.8% 17.6% 14.0% SG&A* -6 -7 1.7% -12 -13 0.8% as a % of sales 8.8% 11.5% 9.2%
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q2 2012 • The various businesses evolved in line with previous quarters. • Recurring EBIT at 1.0 million Euro. 17
Slide 18: Q&A
Q&A AGFA &