Schouw & Co A/s · OMXCOP:SCHO

Schouw & Co A/s — H1 2015 Earnings Presentation

17 slides from Schouw & Co A/s's earnings presentation, Aug 13, 2015

  1. Slide 1: Schouw & Co. 2015 H1 Investor presentation

    Schouw & Co. 2015 H1 Investor presentation AUGUST 2015 CEO JENS BJERG SØRENSEN IR KASPER OKKELS

  2. Slide 2: 2015 H1 at a glance: Continued progress

    Interim Report 2015H1 13.08.2015 2 2015 H1 at a glance: Continued progress revenue return on invested capital NIBD/EBITDA 5.9bn Growth 16% // 2014H1: 5.1bn 17.0% ROIC incl. goodwill 14.1% 0.1x Small increase in NIBD y/y Impact from volatile raw material prices Progress in all companies except BioMar

  3. Slide 3: Key figures

    Interim Report 2015H1 13.08.2015 3 Key figures Revenue and income 2015H1 2014H1 2014FY 380 Schouw & Co. share price Revenue 5,888 5,064 11,784 C20 CAP indexed to Schouw & Co. EBITDA 494 415 1,070 360 MidCap indexed to Schouw & Co. - margin 8.4% 8.2% 9.1% EBIT 303 239 708 340 - margin Profit after ta

  4. Slide 4: BioMar

    Interim Report 2015H1 13.08.2015 4 BioMar Volume flat compared to 2014H1 Revenue  Same total y/y volume in both Q1 and Q2 LTM  21% revenue increase due to higher raw material prices  Increase in Norwegian volumes (final deliveries, contract base)  Decrease in Chilean volumes (declining market, s

  5. Slide 5: BioMar 2015-H1 financials

    Interim Report 2015H1 13.08.2015 5 BioMar 2015-H1 financials Q2 YTD LTM 2014 2015 2014 D 2015 2014 D Revenue 2,230 1,837 21% 4,139 3,430 21% 9,161 8,451 EBITDA 115 114 1% 201 183 10% 592 574 EBITDA% 5.1% 6.2% -17% 4.9% 5.3% -9% 6.5% 6.8% EBIT 78 79 -1% 127 112 13% 449 434 EBIT% 3.5% 4.3% -18% 3.1% 3

  6. Slide 6: Fibertex Personal Care

    Interim Report 2015H1 13.08.2015 6 Fibertex Personal Care Small decline in revenue and volume Revenue  Volume growth in Denmark but decline in Malaysia LTM  Lower raw material prices affects revenue negatively  Positive effect from consolidation of Innowo Print  Strong cash flow from operations

  7. Slide 7: Fibertex Personal Care 2015-H1 financials

    Interim Report 2015H1 13.08.2015 7 Fibertex Personal Care 2015-H1 financials Q2 YTD LTM 2014 2015 2014 D 2015 2014 D Revenue 404 421 -4% 832 847 -2% 1,772 1,787 EBITDA 70 66 5% 169 136 24% 340 308 EBITDA% 17.3% 15.8% 10% 20.3% 16.1% 26% 19.2% 17.2% EBIT 34 34 0% 98 73 35% 197 171 EBIT% 8.5% 8.1% 4%

  8. Slide 8: Fibertex Nonwovens

    Interim Report 2015H1 13.08.2015 8 Fibertex Nonwovens Another strong quarter Revenue  Growth in auto and high-value segments LTM  Substantial progress in EBIT and gross margin  Effect from acquisitions, forex, scale and transformed business model  One-off gain of DKK 3m following acquisition of

  9. Slide 9: Fibertex Nonwovens 2015-H1 financials

    Interim Report 2015H1 13.08.2015 9 Fibertex Nonwovens 2015-H1 financials Q2 YTD LTM 2014 2015 2014 D 2015 2014 D Revenue 328 267 23% 634 539 18% 1,143 1,048 EBITDA 44 31 40% 89 64 38% 153 128 EBITDA% 13.4% 11.8% 14% 14.1% 12.0% 18% 13.4% 12.2% EBIT 25 16 59% 52 33 58% 81 62 EBIT% 7.6% 5.9% 29% 8.2%

  10. Slide 10: Hydra-Grene

    Interim Report 2015H1 13.08.2015 10 Hydra-Grene Strong H1 and high activity in wind Revenue  ~45% of revenue comes from wind segment LTM  Very strong wind sales to USA  Significant effect from good utilisation of capacity  Danish OEM market on par with 2014H1  Offshore oil/gas remains small com

  11. Slide 11: Hydra-Grene 2015-H1 financials

    Interim Report 2015H1 13.08.2015 11 Hydra-Grene 2015-H1 financials Q2 YTD LTM 2014 2015 2014 D 2015 2014 D Revenue 151 147 2% 299 281 7% 584 566 EBITDA 23 22 4% 43 41 5% 80 78 EBITDA% 15.2% 14.9% 2% 14.2% 14.5% -2% 13.7% 13.8% EBIT 19 18 9% 35 32 11% 64 60 EBIT% 12.6% 11.9% 6% 11.8% 11.3% 5% 10.9% 1

  12. Slide 12: Kramp

    Interim Report 2015H1 13.08.2015 12 Kramp Strong development in H1  Revenue up 4.6% and EBIT 17% driven by the big markets in PL, FR, NL  EBIT margin of 11.7% in Q2  Robust business model: high share of wearables and repair parts  Agro customers facing difficulties in selected markets Harvesting

  13. Slide 13: Kramp 2015-H1 financials

    Interim Report 2015H1 13.08.2015 13 Kramp 2015-H1 financials Q2 YTD LTM 2014 2015 2014 D 2015 2014 D Revenue 1,439 1,360 6% 2,693 2,576 5% 5,023 4,905 EBITDA 201 179 13% 345 287 16% 576 529 EBITDA% 14.0% 13.1% 6% 12.8% 11.5% 11% 11.5% 10.8% EBIT 169 150 12% 281 241 17% 445 405 EBIT% 11.7% 11.0% 6% 1

  14. Slide 14: Other activities

    Interim Report 2015H1 13.08.2015 14 Other activities Xergi Incuba Invest  Significant progress in 2015  Small profit (as in 2014H1)  Revenue up to DKK 235m (2014H1: 86m)  EBIT margin about 8% (2014H1: loss) Properties  Maintaining high activity level also in 2015  HQ at Chr. Filtenborgs Plads

  15. Slide 15: 2015 guidance

    Interim Report 2015H1 13.08.2015 15 2015 guidance REVENUE 2015 F 2015 F 2014 EBIT 2015 F 2015 F 2014 DKK million after Q2 original actual DKK million after Q2 original actual BioMar c. 9,000 c. 8,500 8,451 BioMar 375-425 360-410 434 Fibertex Personal Care c. 1,700 c. 1,700 1,787 Fibertex Personal Ca

  16. Slide 16: Strategic goals

    Interim Report 2015H1 13.08.2015 16 Strategic goals Growth Substantial growth every year Profit Benchmark level profitability Return ROIC > 15%, but dependent on level of risk Leverage Comfort zone for NIBD is 1-2 times EBITDA Payout Constant/increasing dividends and share buybacks Portfolio A ’hand

  17. Slide 17: Contact

    Contact Investor Relations CEO/President Kasper Okkels Jens Bjerg Sørensen ir.@.schouw.dk schouw @ schouw.dk +45 87 34 58 24 +45 86 11 22 22

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