Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — H1 2016 Earnings Presentation
18 slides from Vossloh Aktiengesellschaft's earnings presentation, Jul 27, 2016
Slide 1: Presentation to Investors
Presentation to Investors July 27, 2016, interim report as of June 30, 2016 Dr. h.c. Hans M. Schabert, CEO Oliver Schuster, CFO Driving transformation. Shaping the future.
Slide 2: Disclaimer
Disclaimer Note: This presentation contains statements concerning the future business trend of the Vossloh Group which are based on assumptions and estimates of the Company’ s management. If the assumptions underlying the forecasts fail to materialize, the actual results can significantly deviate fr
Slide 3: Transforming Vossloh – Preparing for growth
Vossloh Group, H1/2016 Transforming Vossloh –Preparing for growth Increasing § Positive trend in first quarter strengthened in second quarter profitability § Despite decreased sales revenues, profitability was increased significantly – 57 percent increase in EBIT compared with the previous year § Fo
Slide 4: Transforming Vossloh – Preparing for growth
Vossloh Group, H1/2016 Transforming Vossloh –Preparing for growth Financial foundation § Successfully implemented capital increase in June 2016; exercise of more for future growth laid than 98% of subscription rights through subscription right holders clearly emphasizes the trust in the course of st
Slide 5: Further noticeable improvement in EBIT despite sales decrease
Vossloh Group, H1/2016 Further noticeable improvement in EBIT despite sales decrease 1-6/2015/ 1-6/2016/ Overall slow sales development, 6/30/2015* 6/30/2016 Group sales below previous year due to sales weakness in the USA Net sales €million 566.0 522.7 and project delays EBIT €million 12.3 19.3 ü E
Slide 6: Strong increase in equity, net financial debt decreased significantly
Vossloh Group, H1/2016 Strong increase in equity, net financial debt decreased significantly 1-6/2015/ 1-6/2016/ Equity strengthened significantly, in 6/30/2015* 6/30/2016 addition to the positive net income in particular through cash inflow Total equity €million 362.0 560.8 ü from the capital incre
Slide 7: Core Components division, H1/2016
Core Components division, H1/2016 Sales development below prior year, profitability nevertheless increased Sales in €million EBIT in €million EBIT margin in % (20.2)% 133.0 14.2 106.1 12.8 10.7 12.0 1-6/2015 1-6/2016 1-6/2015 1-6/2016 1-6/2015 1-6/2016 § Sales below previous year due to project dela
Slide 8: Customized Modules division, H1/2016
Customized Modules division, H1/2016 Sales nearly at prior year level, book-to-bill at 1.09 Sales in €million EBIT in €million EBIT margin in % (2.5)% 253.1 246.7 15.5 15.7 6.1 6.4 1-6/2015 1-6/2016 1-6/2015 1-6/2016 1-6/2015 1-6/2016 § Sales only slightly below the previous year despite lower inves
Slide 9: Lifecycle Solutions division, H1/2016
Lifecycle Solutions division, H1/2016 Strong growth in sales and earnings Sales in €million EBIT in €million EBIT margin in % 38.0% 39.7 8.1 28.7 0.0 3.2 0.1 1-6/2015 1-6/2016 1-6/2015 1-6/2016 1-6/2015 1-6/2016 § Substantial sales increase due to positive business development in Northern Europe –Sw
Slide 10: Transportation division, H1/2016
Transportation division, H1/2016 Sales below previous year, earnings improved substantially Sales in €million EBIT in €million EBIT margin in % (12.5)% 155.6* (5.7) (4.2) 136.2 (10.1)* (6.5)* 1-6/2015 1-6/2016 1-6/2015 1-6/2016 1-6/2015 1-6/2016 § Slight decrease in sales at Vossloh Electrical Syste
Slide 11: Sales in focus market Western Europe stable, America sharply falling
Vossloh Group, H1/2016 Sales in focus market Western Europe stable, America sharply falling Europe 352 355 24 40 33 26 46 63 America Asia incl. Middle East Rest of world 107 240 235 84 30 73 69 23 12 23 77 23 26 57 61 50 11 10 12 16 1-6/2015* 1-6/2016 1-6/2015* 1-6/2016 1-6/2015* 1-6/2016 1-6/2015*
Slide 12: Outlook: EBIT margin 2016 target confirmed, improvement expected in 2017
Vossloh Group, Outlook EBIT margin 2016 target confirmed –improvement expected in 2017 Vossloh Group − Sales expected to be approximately at the level of the previous year of €1.2 billion − EBIT margin at 4.0% to 4.5% (2015: 3.8%); margin improvement at Lifecylce 2016e* Solutions; Core Components an
Slide 13: Financial calendar and contact
Financial calendar and contact Financial calendar § September 22, 2016 Press conference –InnoTrans § September 23, 2016 Meeting with investors/analysts –InnoTrans § October 27, 2016 Interim statement/Interim report as of September 30, 2016 Contact information for investors : § Lucia Mathée, MATHEE G
Slide 14: Appendix
Appendix 14 vossloh
Slide 15: Vossloh stock: Ownership structure
Vossloh stock Ownership structure • Heinz Hermann Thiele • Franklin Mutual Advisers 40.97% 47.26% • Iskander Makhmudov • Lazard Frères Gestion • Other 5.68% 3.08% 3.01% 15
Slide 16: Core divisions, H1/2016 Key figures
Core divisions, H1/2016 Key figures Core Components Customized Modules Lifecycle Solutions 1-6/2015 1-6/2016 1-6/2015 1-6/2016 1-6/2015 1-6/2016 Sales €million 133.0 106.1 253.1 246.7 28.7 39.7 EBIT €million 14.2 12.8 15.5 15.7 0.0 3.2 EBIT margin % 10.7 12.0 6.1 6.4 0.1 8.1 Working capital (Ø) €mil
Slide 17: Transportation division, H1/2016 Key figures
Transportation division, H1/2016 Key figures Transportation Vossloh Locomotives Vossloh Electrical Systems 1-6/2015* 1-6/2016 1-6/2015 1-6/2016 1-6/2015 1-6/2016 Sales €million 155.6 136.2 45.5 34.9 111.2 102.5 EBIT €million (10.1) (5.7) EBIT margin % (6.5) (4.2) Working capital (Ø) €million 33.8 42
Slide 18: Cash flow statement
Vossloh Group, H1/2016 Cash flow statement Cash flow analysis (in €million) 1-6/2015* 1-6/2016 Earnings before interest and taxes (EBIT) 12.3 19.3 EBIT from discontinued operations 6.7 4.9 Amortization/depreciation/write-downs of noncurrent assets (netted with write-ups) 22.4 18.2 Change in noncurre