Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — 9M FY2014/15 Earnings Presentation

17 slides from Heidelberger Druckmaschinen's earnings presentation, Feb 4, 2015

  1. Slide 1: Interim Results 9-month figures FY 15

    HEIDELBERGER DRUCKMASCHINEN AG, FEBRUARY 04, 2015 Interim Results 9-month figures FY 15 Gerold Linzbach, CEO Dirk Kaliebe, CFO Robin Karpp, Head of IR

  2. Slide 2: Restructuring of Group on track

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Restructuring of Group on track  Strategic portfolio streamlining completed  Operating result after nine months improved  Basis for target EBITDA margin of at least 8 percent in FY 2015/2016 © Heidelberger Druckmaschinen A

  3. Slide 3: Stepwise shift of Heidelberg's business model towards sustainable performance

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Stepwise shift of Heidelberg‘s business model towards sustainable performance Towards • a less cyclical • more robust • less-fluctuating • less-capital intense From • with room to grow • a structural cost • market/ customer i

  4. Slide 4: Key targets for every year during the change process

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Key targets for every year during the change process FY13/14 FY14/15 FY15/16 Midterm EBITDA p.a. Margin Black Portfolio Sustainable Sales Zero realignment Profitability growth © Heidelberger Druckmaschinen AG 3

  5. Slide 5: Improvement of profitability despite portfolio optimization and lower volume in China

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Improvement of profitability despite portfolio optimization and lower volume in China Net Sales by division EBIT* by division Comments €m €m € +19m 29  Sales down by 8% yoy; All regions within 1,685 10 -8% plan except China

  6. Slide 6: Improvement of profitability on track - Leverage on target level

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Improvement of profitability on track - Leverage on target level Key figures Comments  EBITDA margin improved to 5.2% after 9m 9m 9m in €m (prior year 4.0%) despite portfolio optimization 2013/14 2014/15 D to pY and lower sa

  7. Slide 7: Financial framework: No major maturities until CY 2017/2018

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Financial framework: No major maturities until CY 2017/2018 Financial framework Maturity profile €m Extended RCF (Jun 2017) ~740 Convertible Bond (Jul 2017) High Yield Bond (Apr 2018) 47 Other (amortizing) Net debt (as of Dez

  8. Slide 8: Highlights Q3 FY 2014/15

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Highlights Q3 FY 2014/15  Sales: All regions within expectations except China  Order backlog increased; higher sales volume in Q4 expected  Profitability after 9 months on track; almost no negative impact from portfolio op

  9. Slide 9: Q&A

    Q&A “HEIDELBERG

  10. Slide 10: Investor Relations

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Investor Relations Robin Karpp Head of Investor Relations + 49 (0) 6222 82 67120 robin.karpp@heidelberg.com Heidelberger Druckmaschinen AG Gutenbergring 69168 Wiesloch Germany © Heidelberger Druckmaschinen AG 9

  11. Slide 11: Disclaimer

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Disclaimer This presentation contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management's views and assumptions formed by

  12. Slide 12: Financial Calendar 2013/14 and 2014/15

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Financial Calendar 2013/14 and 2014/15 Date Publication of the final figures June 10, 2015 FY 2014/2015 AGM FY2014/15 July 24, 2015 Release of the figures for the August 12, 2015 first quarter 2015/2016 © Heidelberger Druckma

  13. Slide 13: Balance sheet

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Balance sheet © Heidelberger Druckmaschinen AG Equity ratio 15,7% 16,0% 9,0% Net debt 271 238 250  Balance sheet total on the level of the beginning of the year  Net Working Capital reduced to € 688m (March 31,2014: € 727m)

  14. Slide 14: Profitability in Q3 burdened by lower volume

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Profitability in Q3 burdened by lower volume Net Sales by division EBIT* by division Comments €m €m  Sales in Q3 down yoy, mainly due -5% € -8m to China 588 +18 600 556 +10 2 2  Operating result (EBIT) lower than 2 3 in the

  15. Slide 15: Key figures

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Key figures Q3 comparison Comments Q3 Q3  Due to the downturn in sales in China and the in €m 2013/14 2014/15 D to pY remaining burdens in the postpress sector EBITDA margin at 4.9 % in Q3 (py 6.1%)  Special items in Q3 in

  16. Slide 16: Stable order intake

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Stable order intake Order intake FY 2013/14 – Q2 2014/15 Comments  Order intake Q3 14/15 at € 613m €m 643 slightly up on previous quarters 614 613 600 592 587 588 579  China on the low level of the 500 previous year 400  O

  17. Slide 17: Order intake – Regional split

    Interim Results 9-month figures FY 15 | February 4th, 2015 28. Januar 2008 Order intake – Regional split 9m 2014/15 (PY) South America North America 4.6% (4.0%) 15.6% (13.8%) 39.0% (37.0%) Europe, Middle 11.9% € 1.780m East and Africa Eastern Europe (11.9%) (€ 1.849m) © Heidelberger Druckmaschinen A

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