Slide 1: Tecnotree Corporation Interim Report Q1/2012
Tecnotree Corporation Interim Report Q1/2012 April 27, 2012
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for Q1 / 2012 (comparisons to Q1 2011) High order backlog of 36.2 M€ plus a new order worth 18 MEUR received in April (22.1 M€ in Q1 2011) New record for order backlog 30.5 MUSD order received from Latin America in December 2011 24 MUSD (18 MEUR) order in
Slide 3: Financial Highlights
Financial Highlights M€ 1‒3/2012 1‒3/2011 Net sales 10.0 10.6 Adjusted operating result -5.8 -4.9 EBIT BEFORE R&D CAPITALISATION & AMORTISATION AND ONE-TIME COSTS Ebit -7.2 -8.3 Net result -8.8 -8.1 Order intake 5.8 18.4 Cash flow after investments 0.3 -6.7 Net Cash Flow -0.7 -3.7 Cash 6.0 12.8 Equi
Slide 4: Sales and Orders
Sales and Orders 45 40 35 30 25 M€ 20 15 10 5 0 Q1/10 Q2/2010 Q3/2010 Q4/2010 Q1/11 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Tecnotree sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 OBL 21,9 21,0 20,1 14,3 22,1 21,5 21,0 40,4 36,2 Order intake 24,3 18,4 12,4 8,2 18,4 17,9 16,7 35,5 5,8 4 26 April 2012 In
Slide 5: Net Sales by Area
Net Sales by Area 7 -42% 6 5 +118% 4 M€ 3 -30% 2 +175% 1 0 Americas Europe MEA APAC Act 1-3/2011 1,7 2,0 6,5 0,4 Act 1-3/2012 3,7 1,4 3,8 1,1 Americas +118% ‒ Europe -30% ‒ MEA -42% ‒ APAC +175% 5 April 27, 2012 Interim Report Q1/2012
Slide 6: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-3/2012 1-3/2011 Change % Net sales 10.0 10.6 -5.5 Other operating income 0.0 0.0 Total revenue 10.0 10.6 -5.5 Adjusted operating expenses *) -15.8 -15.5 2.0 Adjusted operating result -5.8 -4.9 18.1 - Net impact of R&D capitalizations -1.4 -1.8 -18.8 - One-time
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.3.2012 31.3.2011 Change % NON-CURRENT ASSETS Fixed Assets 14.1 22.3 -36.5 Consolidated goodwill 19.4 20.6 -5.9 Other non-current assets 1.8 3.2 -43.0 CURRENT ASSETS Inventories 0.6 1.1 -44.7 Trade Receivables 18.1 19.4 -6.8 Other Receivables 26.3 19.7 33.4 I
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.3.2012 31.3.2011 Change % SHAREHOLDER’S EQUITY 41.3 61.2 -32.6 Interest-bearing liabilities 12.2 14.5 -15.6 Deferred tax liabilities 3.3 2.8 15.6 Other non-current liabilities 0.4 0.4 -6.4 CURRENT LIABILITIES Interest-bearing liabilities 14.8 8.2 80.1 Non-in
Slide 9: Prospects for 2012
Prospects for 2012 Tecnotree estimates that net sales and the operating result in 2012 will be better than in 2011. The adjusted operating result is estimated to be positive. Variations in the quarterly figures will be considerable. The cash flow after investments is also expected to improve
Slide 10: Additional Financial Information for Investors
ADDITIONAL FINANCIAL INFORMATION FOR INVESTORS 10 April 27, 2012 Interim Report Q1/2012
Slide 11: Sales and Adjusted Operating Result
Sales and Adjusted Operating Result 4 per. Mov. Avg. (Adj. operating result %) M€ 25 30% 20% 20 10% 15 0% 10 -10% -20% 5 -30% 0 -40% -50% -5 -60% -10 -70% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 Adj. operating result -0,6 2,0 -0,7 -3,2
Slide 12: Consolidated Income Statement
Interim Report Q1/2012 Consolidated Income Statement EUR Million 1-3/2012 1-3/2011 Change % Net sales 10.0 10.6 -5.5 Other operating income 0.0 0.0 Materials and services -1.9 -1.7 12.2 Employee benefit expenses -7.8 -8.4 -8.1 Depreciation -2.0 -2.6 -23.9 Other operating expenses -5.6 -6.1 -8.5 Oper
Slide 13: Sales by Area
Sales by Area Americas 25 60% M€ 20 50% 40% 15 30% 10 20% 5 10% 0 0% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Tecnotree Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 Americas 4,5 10,7 4,2 5,8 1,7 8,5 8,6 4,5 3,7 % 32% 55% 32% 41% 16% 46% 50% 28% 37% 4 per. Mov. Avg. (%) 13 April
Slide 14: Sales by Area
Sales by Area APAC M€ 25 14% 12% 20 10% 15 8% 10 6% 4% 5 2% 0 0% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Tecnotree Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 APAC 1,8 1,1 1,7 0,5 0,4 1,5 1,1 1,0 1,1 % 13% 6% 13% 4% 4% 8% 6% 6% 11% 4 per. Mov. Avg. (%) 14 April 27, 2012 Interi
Slide 15: Sales by Area
Sales by Area Europe M€ 25 20% 18% 20 16% 14% 15 12% 10% 10 8% 6% 5 4% 2% 0 0% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Tecnotree Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 Europe 2,0 1,9 1,0 1,8 2,0 1,4 1,7 2,8 1,4 % 14% 10% 8% 13% 19% 8% 10% 17% 14% 4 per. Mov. Avg. (%) 15 A
Slide 16: Sales by Area
Sales by Area MEA M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Tecnotree Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 MEA 5,9 5,7 6,3 5,9 6,5 7,0 5,8 7,7 3,8 % 42% 30% 47% 42% 61% 38% 34% 48% 38% 4 per. Mov. Avg. (%) 16 April 27, 201
Slide 17: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/2012 Tecnotree sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 Services 6,7 6,9 5,8 6,8 5,9 7,1 6,4 7,7 4,7 New customers 0,5 4,2 0,0 0,0 0,0 0,0 0,0 0,0 0,0 Existing customers 6,9 8,2 7,5 7,2 4,7 11,4 10,8 8
Slide 18: Materials and Services
Materials and Services M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 Materials and Services 2,1 3,8 1,9 2,4 1,7 3,1 3,9 2,1 1,9 % 15% 20% 14% 17% 16% 17% 23% 13% 19% 4 per. Mov. Avg. (%) 18 April 27,
Slide 19: Employee Benefits
Employee Benefits 25 90% M€ 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 Employee 7,1 7,4 6,8 7,8 8,4 8,2 6,6 7,3 7,8 benefits % 50% 39% 51% 56% 80% 44% 38% 45% 78% 4 per. Mov. Avg. (%) 19 Apr
Slide 20: Other Operating Expenses
Other Operating Expenses M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Sales 14,1 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 Other Opex 4,8 5,3 4,5 6,2 6,1 4,1 4,5 8,1 5,6 % 34% 27% 34% 44% 58% 22% 26% 51% 56% 4 per. Mov. Avg. (%) 20 April 27, 2
Slide 21: Assets by Quarter
Assets by Quarter M€ 140 120 100 80 60 40 20 0 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Cash 27,2 22,0 14,1 16,7 12,8 10,4 7,8 6,7 6,0 Investments 0,9 0,9 1,4 0,6 1,5 0,9 0,9 0,0 0,0 Other rec. (mainly WIP) 19,9 24,2 23,2 24,2 19,7 26,7 31,8 29,3 26,3 Trade receivables 17,1 20,9 19,8 17
Slide 22: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 140 120 100 80 60 40 20 0 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Current non-interest bearing 18,0 19,3 13,2 14,2 13,4 16,9 18,5 17,6 14,3 Current interest bearing 2,3 2,3 2,2 5,2 8,2 12,2 12,2 15,8 14,8 Deferred tax 3,9 3,8 3,5 3,3 2,8 2,7 2,4 4,4
Slide 23: April 27, 2012 Interim Report Q1/2012
23 April 27, 2012 Interim Report Q1/2012