Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — Q3 2015/16 Earnings Presentation

13 slides from Heidelberger Druckmaschinen's earnings presentation, Feb 10, 2016

  1. Slide 1: Conference Call Q3-2015/2016

    Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO February 10, 2016

  2. Slide 2: On the right track

    On the right track  Heidelberg is on track - the improvement in results due to the strategic realignment is becoming increasingly clear. Further progress was also made in Q3  Services Business: (external) growth and solid margins  Equipment Business:  Sheetfed margins not yet within target range

  3. Slide 3: Key figures 9m 2015/16 – significant improvement

    Key figures 9m 2015/16 – significant improvement Comment 9m 9m in € million Δ pY ● Improved order intake (FX € 98m); 14/15 15/16 order backlog of €586m Order intake 1,780 1,904 +7% ● Sales increased fx adjusted (FX € +93m) Sales 1,552 1,802 +16% by around 10% EBITDA 80 119 +49% ● EBITDA improved to

  4. Slide 4: Solid profitability in HDS, HDE not yet satisfying

    Solid profitability in HDS, HDE not yet satisfying Sales by segment EBITDA by segment Comment € million € million 119 ● Higher sales volume in both segments 2,000 € +250m 1,802 120 2 € +39m due to good order backlog. Especially 4 1,552 100 24 North America, Europe and Asia with 1,500 5 higher sales

  5. Slide 5: Outlook for FY 2015/2016

    Outlook for FY 2015/2016 EBITDA-margin improvement to >8% (fx-adjusted; comparable 2014/15: 6%) • Based on: • more profitable product portfolio • improved cost basis -> core business sheetfed to be further optimized • newly acquired PSG business to be integrated -> positive earnings impact expected

  6. Slide 6: Financial highlights 9m-2015/2016

    Financial highlights 9m-2015/2016  Strategic reorientation is taking effect Solid order situation, after 9 months + 7% against prior year Sales after 9 months up 16% at around € 1.8bn (PY € 1.55bn) Operating result after 9 months improves to € 119m; net result before tax break-even HD Equipment

  7. Slide 7: BACKUP

    BACKUP © Heidelberger Druckmaschinen AG 7

  8. Slide 8: Balance sheet

    Balance sheet > Assets FY 2015 FY 2015 FY 2016 > Equity and liabilities FY 2015 FY 2015 FY 2016 31-12-2014 31-03-2015 31-12-2015 31-12-2014 31-03-2015 31-12-2015 Figures in mEUR Figures in mEUR Fixed assets 724 735 730 Equity 203 183 338 Current assets 1.443 1.465 1.367 Provisions 1.055 1.055 843 th

  9. Slide 9: Key figures Q3 2015/16

    Key figures Q3 2015/16 Q3 Q3 in € million 14/15 15/16 Order intake 613 581 Sales 556 640 EBITDA 27 40 EBIT before Special items 10 22 Special items -55 –3 Financial result –16 –12 Net result before taxes -60 8 Net result after taxes -53 7 Free cash flow 14 -7 Net debt 250 282 Leverage 1.6 1.2 © Heid

  10. Slide 10: Financial framework: Revolving credit facility extended

    Financial framework: Revolving credit facility extended Financial framework Maturity profile RCFA (Jun-2019) Net debt High Yield Bond (Apr-2018) High Yield Bond (May-2022) Total framework Convertible Bond (Jul-2017) € 730m Convertible Bond (Mar-2022) RCFA 32% HYB 44% 8% 205 282 Others*** 235* 16% 11

  11. Slide 11: Order intake – regional split

    Order intake – regional split Order intake 9m 2016 (9m 2015) South America 3.7% North America (4.6%) 17.4% (15.6%) EMEA 41.8% (39.0%) € 1,904m (€ 1,780m) 27.1% (28.9%) Asia/Pacific 10.0% (11.9%) Eastern Europe © Heidelberger Druckmaschinen AG 11

  12. Slide 12: Financial Calendar

    Financial Calendar Date Final Figures FY2015/2016 June 8, 2016 Capital markets day at drupa July 28, 2016 AGM FY 2015/2016 Release of the figures for the first quarter 2016/2017 August 10, 2016 Release of the figures for the second quarter 2016/2017 November 9, 2016 Release of the figures for the Fe

  13. Slide 13: Disclaimer

    Disclaimer This document was drawn up by Heidelberger Druckmaschinen its affiliates / subsidiaries or the respective legal representatives AG (the “Company”) solely for information purposes. All shall be liable in any way whatsoever (whether due to recipients must treat it as confidential and must n

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