Tecnotree Oyj · OMXHEX:TEM1V
Tecnotree Oyj — Q3 2011 Earnings Presentation
22 slides from Tecnotree Oyj's earnings presentation, Oct 26, 2011
Slide 1: Tecnotree Corporation Interim Report 1-9/2011
Tecnotree Corporation Interim Report 1-9/2011 October 26th, 2011
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for 1-9 / 2011 (comparisons to 1-9 / 2010) Robust Q2 & Q3 after low revenue in Q1 MEUR Q1 Q2 Q3 Q1-Q3 2011 10.6 18.5 17.2 46.2 2010 14.1 19.3 13.3 46.7 Adjusted operating result was good in Q2 & Q3 MEUR Q1 Q2 Q3 Q1-Q3 2011 -4.9 3.3 1.9 0.3 2010 -0.6 2.0 -0.7 0
Slide 3: Financial Highlight
Financial Highlight M€ 1‒9/2011 1‒9/2010 Net sales 46.2 46.7 Adjusted operating result 0.3 0.7 EBIT BEFORE R&D CAPITALISATION & AMORTISATION AND ONE-TIME COSTS Ebit -7.6 -3.2 Net result -8.1 -5.7 Order intake 52.9 55.1 Cash flow after investments -14.6 -11.1 Net Cash Flow -8.8 -12.2 Cash 7.8 14.1 Eq
Slide 4: Net Sales by Area
Net Sales by Area 25 -3% +8% 20 15 M€ 10 +4% -37% 5 0 Americas Europe MEA APAC Act 1-9/2010 19,4 4,9 17,8 4,6 Act 1-9/2011 18,8 5,2 19,3 2,9 Americas -3% (+12%) ‒ Europe +4% (-11%) ‒ MEA +8% (+19%) ‒ APAC -37% (+130%) 4 Interim Report Q3/2011
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.9.2011 30.9.2010 Change % NON-CURRENT ASSETS Fixed Assets 17.8 26.6 -33.1 Consolidated goodwill 19.8 21.2 -6.3 Other non-current assets 4.0 3.1 30.1 CURRENT ASSETS Inventories 1.0 1.7 -42.9 Trade Receivables 22.5 19.8 13.5 Other Receivables 31.8 23.4 35.8 In
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.9.2011 30.9.2010 Change % SHAREHOLDER’S EQUITY 58.6 75.9 -22.8 Interest-bearing liabilities 13.4 15.6 -14.3 Deferred tax liabilities 2.4 3.5 -33.2 Other non-current liabilities 0.5 0.9 -39.0 CURRENT LIABILITIES Interest-bearing liabilities 12.2 2.2 Non-inter
Slide 7: Prospects for 2011
Prospects for 2011 The company is currently carrying out its strategy based on an expanded product range. Tecnotree is turning into an advanced supplier of telecommunications system solutions, operating in a broad sector. The company is anticipating new growth based on the new range of products an
Slide 8: Additional Financial Information for Investors
ADDITIONAL FINANCIAL INFORMATION FOR INVESTORS 8 Interim Report Q3/2011
Slide 9: Consolidated Income Statement
Consolidated Income Statement EUR Million 1-9/2011 1-9/2010 Change % Net sales 46.2 46.7 -1.1 Other operating income 0.2 0.0 Materials and services -8.7 -7.7 12.0 Employee benefit expenses -23.2 -21.3 9.2 Depreciation -7.3 -6.3 15.0 Other operating expenses -14.8 -14.6 1.2 Operating result -7.6 -3.2
Slide 10: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-9/2011 1-9/2010 Change % Net sales 46.2 46.7 -1.1 Other operating income 0.2 0.0 Total revenue 46.4 46.7 -0.8 Adjusted operating expenses *) -46.1 -46.0 0.7 Adjusted operating result 0.3 0.7 -63.8 - Net impact of R&D capitalizations -5.4 -3.9 38.1 - One-time c
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% 5 -20% 0 -30% -5 -40% -10 -50% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 Adj. operating result -2,1 -2,0 -0,6 2,0 -0,7 -3,2
Slide 12: Sales by Area
Sales by Area Americas 25 60% M€ 20 50% 40% 15 30% 10 20% 5 10% 0 0% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Tecnotree Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 Americas 3,4 5,8 4,5 10,7 4,2 5,8 1,7 8,5 8,6 % 26% 43% 32% 55% 32% 41% 16% 46% 50% 4 per. Mov. Avg. (%) 12 Interim
Slide 13: Sales by Area
Sales by Area APAC M€ 25 14% 12% 20 10% 15 8% 10 6% 4% 5 2% 0 0% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Tecnotree Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 APAC 0,5 1,7 1,8 1,1 1,7 0,5 0,4 1,5 1,1 % 4% 13% 13% 6% 13% 4% 4% 8% 6% 4 per. Mov. Avg. (%) 13 Interim Report Q3/2011
Slide 14: Sales by Area
Sales by Area Europe M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% -5 -5% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Tecnotree Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 Europe 1,9 -0,3 2,0 1,9 1,0 1,8 2,0 1,4 1,7 % 14% -2% 14% 10% 8% 13% 19% 8% 10% 4 per. Mov. Avg. (%) 14 Interim Repo
Slide 15: Sales by Area
Sales by Area MEA M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Tecnotree Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 MEA 7,4 6,3 5,9 5,7 6,3 5,9 6,5 7,0 5,8 % 56% 47% 42% 30% 47% 42% 61% 38% 34% 4 per. Mov. Avg. (%) 15 Interim Report
Slide 16: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Tecnotree sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 Services 6,8 6,7 6,7 6,9 5,8 6,8 5,9 7,1 6,4 New customers 1,2 0,0 0,5 4,2 0,0 0,0 0,0 0,0 0,0 Existing customers 5,2 6,8 6,9 8,2 7,5 7,2 4,7 11,4
Slide 17: Materials and Services
Materials and Services M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 Materials and Services 2,3 3,0 2,1 3,8 1,9 2,4 1,7 3,1 3,9 % 17% 22% 15% 20% 14% 17% 16% 17% 23% 4 per. Mov. Avg. (%) 17 Interim Re
Slide 18: Employee Benefits
Employee Benefits 25 90% M€ 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 Employee 7,3 10,1 7,1 7,4 6,8 7,8 8,4 8,2 6,6 benefits % 55% 75% 50% 39% 51% 56% 80% 44% 38% 4 per. Mov. Avg. (%) 18 In
Slide 19: Other Operating Expenses
Other Operating Expenses M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Sales 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 17,2 Other Opex 5,1 7,2 4,8 5,3 4,5 6,2 6,1 4,1 4,5 % 39% 53% 34% 27% 34% 44% 58% 22% 26% 4 per. Mov. Avg. (%) 19 Interim Rep
Slide 20: Assets by Quarter
Assets by Quarter M€ 140 120 100 80 60 40 20 0 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Cash 30,5 25,7 27,2 22,0 14,1 16,7 12,8 10,4 7,8 Investments 0,8 1,6 0,9 0,9 1,4 0,6 1,5 0,9 0,9 Other rec. (mainly WIP) 18,2 17,2 19,9 24,2 23,2 24,2 19,7 26,7 31,8 Trade receivables 18,0 19,3 17,1
Slide 21: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 140 120 100 80 60 40 20 0 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Current non-interest bearing 12,8 18,1 18,0 19,3 13,2 14,2 13,4 16,9 18,5 Current interest bearing 2,2 2,3 2,3 2,3 2,2 5,2 8,2 12,2 12,2 Deferred tax 6,4 4,0 3,9 3,8 3,5 3,3 2,8 2,7 2
Slide 22: Interim Report Q3/2011
TECNOTREE powering the digital marketplace Interim Report Q3/2011 www.tecnotree.com