Jungheinrich Ag Pref · XETR:JUN3
Jungheinrich Ag Pref — Jungheinrich — Q1 2020 Earnings Presentation
32 slides from Jungheinrich Ag Pref's earnings presentation, May 26, 2020
Slide 1: IR Presentation Q1 2020
IR Presentation Q1 2020 Hamburg, 26 May 2020
Slide 2: Agenda
AGENDA HIGHLIGHTS BUSINESS DEVELOPMENT Q1 2020 STRATEGIC OUTLOOK
Slide 3: Jungheinrich at a glance
Jungheinrich at a glance 4.1 >5,500 €BLN >18,000 EMPLOYEES AFTER SALES SERVICE TECHNICIANS REVENUE 2019 WORLDWIDE 40 OWN DIRECT SALES COMPANIES 121,000 THE GOAL OF JUNGHEINRICH IS TO BE WE ARE A LISTED STOCK THE FIRST CHOICE IN CORPORATION WITH THE INCOMING ORDERS IN UNITS 2019 INTRALOGISTICS CHARAC
Slide 4: Jungheinrich key figures 2019
Jungheinrich key figures 2019 3,922 263 86 €million €million €million EARNINGS BEFORE RESEARCH AND INTEREST AND DEVELOPMENT INCOMING ORDERS INCOME TAXES EXPENDITURE (EBIT) 177 157 €million €million PROFIT OR LOSS CAPITAL EXPENDITURE 4
Slide 5: Regions and business fields
Regions and business fields Revenue by region Revenue by business fields 2,451 Germany Western New truck 24% Europe business Group „Intralogistics“ 47% in €million: segment 4,073 in €million Other 13% 4,165 regions 1,082 632 16% After- Short-term rental and sales used equipment Eastern Europe servic
Slide 6: Business model
GUNGHEINRICH Business model short-term New trucks rental eH ® Automated systems Used equipment Warehouse equipment Digital After-sales services solutions. —_ EE Consulting Financial services
Slide 7: Agenda
AGENDA HIGHLIGHTS BUSINESS DEVELOPMENT Q1 2020 STRATEGIC OUTLOOK
Slide 8: Highlights in first quarter of 2020
Highlights in first quarter of 2020 ► Jungheinrich has performed well in a difficult market. ► The value of incoming orders was on par with the previous year at over €1 billion in Q1 2020. ► Decent results were achieved in the first quarter of 2020 with revenue of €920 million and Q1 2020 EBIT of €5
Slide 9: Global market for material handling equipment declines by 9%, European market shrinks by 5%
Global market for material handling equipment declines by 9%, European market shrinks by 5% Worldwide Market volume Q1 2020 Q1 2019 Change % in thousand units –9% Europe 123 130 –5.4 130 thereof Eastern Europe 21 22 –4.5 123 Asia 143 173 –17.3 thereof China 97 124 –21.8 173 Europe 143 North America
Slide 10: Class II and III market volumes declined less steeply than Class I/IV/V
Class II and III market volumes declined less steeply than Class I/IV/V Worldwide Market volume Q1 2020 Q1 2019 Change % in thousand units –9% Warehousing equipment 171 175 –2.3 382 346 thereof Class II 31 32 –3.1 32 143 31 thereof Class III 140 143 –2.1 140 Class II Class III Counterbalanced trucks
Slide 11: Market volume in China sank considerably in Q1 2020 due to COVID-19 pandemic
Market volume in China sank considerably in Q1 2020 due to COVID-19 pandemic, Europe not as severely affected as yet 2019 2020 2018 2019 EUROPE Q1 Q2 Q3 Q4 Q1 FY FY v –4.3% –9.8% –8.4% –3.2% –5.4% +11.4% –6.4% 2019 2020 2018 2019 CHINA Q1 Q2 Q3 Q4 Q1 FY FY +11.1% –4.5% +4
Slide 12: Business development in first quarter of 2020
Business development in first quarter of 2020 Incoming orders, in € million Incoming orders, in thousand units Revenue, in € million –0.5% –3% –3% 33.2 32.1 948 920 1,021 1,016 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 12
Slide 13: Earnings in first quarter of 2020
Earnings in first quarter of 2020 EBIT, in € million EBT, in € million –10% 56.5 –23% 59.6 53.7 43.5 EBIT ROS EBT ROS 6.3% 5.8% 6.0% 4.7% Q1 2019 Q1 2020 Q1 2019 Q1 2020 Profit or loss, in € million Earnings per preferred share, in € 40.7 –22% –22% 0.41 31.8 0.32 Q1 2019 Q1 2020 Q1 2019 Q1 2020 13
Slide 14: 2020 forecast retracted due to COVID-19 pandemic
2020 forecast retracted due to COVID-19 pandemic ► In light of the widespread uncertainties surrounding the future consequences of the COVID-19 pandemic on global economic development means reliable estimates cannot currently be made about Jungheinrich’s business development over the remainder of th
Slide 15: Coronavirus – Jungheinrich's status
Coronavirus – Jungheinrich’s status – Protecting employees and customers and safeguarding our delivery capability are our highest priorities ► With the highest priority, Jungheinrich implemented numerous measures to protect its employees and customers, as well as company processes. ► Production at a
Slide 16: Agenda
AGENDA HIGHLIGHTS BUSINESS DEVELOPMENT Q1 2020 STRATEGIC OUTLOOK
Slide 17: Highly Dynamic and Volatile Markets – Global Trends
Highly Dynamic and Volatile Markets Global Trends Growth drivers and trends Growth indicators > 50% > 70% Digitalisation plays an essential role in relation to the transformation processes and competitiveness of all companies 2030 2025 Disruptive technologies offer new opportunities e.g. intelligent
Slide 18: Electric Power as Tradition and Future
Electric Power as Tradition and Future The Future Is Yellow Highest customer focus BORN ELECTRIC (“easy to deal with”) High margin orientation ensures independence MOVING THE FUTURE We master the digital transformation most successfully in our competitive environment CREATING SUSTAINABLE VALUE Our a
Slide 19: Jungheinrich's Top Strategic Guiding Principles
Jungheinrich’s Top Strategic Guiding Principles Clear Direction for the Future Jungheinrich generates, with all internal and external business activities, an added value for the end customer Jungheinrich radically and sustainably reduces waste along the entire process chain (end-to-end) Jungheinrich
Slide 20: Jungheinrich Creates Sustainable Value for all Stakeholders
Jungheinrich Creates Sustainable Value for all Stakeholders Strategic Outlook The New Target System Stakeholders Customers Employees Shareholders Business Partners Society 20
Slide 21: Jungheinrich Focusses on Topics in Line with Global Trends
Jungheinrich Focusses on Topics in Line with Global Trends Group Priorities Digitalisation Automation Efficiency CREATING SUSTAINABLE Energy Systems VALUE Sustainability Global Footprint 21
Slide 22: Multiple Areas of Action within Group Priorities
Multiple Areas of Action within Group Priorities Digitalization Automation Energy Systems Sustainability Efficiency Global Footprint Digital Automated Lithium-Ion Environment & Efficiency Europe products Guided Vehicles technology Energy program (4JU) China Digital business (AGV) E
Slide 23: Disclaimer
Disclaimer Unforeseeable developments may cause the actual business trend to differ from expectations, assumptions and estimates of the management of Jungheinrich that are reproduced in this presentation. Factors that may lead to such deviations include changes in the economic environment (including
Slide 24: DUNGHEINRICH
DUNGHEINRICH
Slide 25: Notes
NOTES GUNGHEINRICH
Slide 26: Market volume for material handling equipment 2015 to 2019
Market volume for material handling equipment 2015 to 2019 in thousand units 2019 491 524 Europe 470 421 Global market 1,538 1,507 2015 373 1,3951,395 1,182 2019 668 1,100 637 Asia 568 1,182 444 2015 414 2019 255 277 North 2015 2016 2017 2018 2019 America 267 241 2015 235 Source: WITS, based on inco
Slide 27: Global ranking of material handling equipment: Jungheinrich among Top 3 worldwide
Global ranking of material handling equipment: Jungheinrich among Top 3 worldwide Group revenue 2018, in € billion 11,3 5,9 3,8 3,4 3,0 2,5 1,6 1,6 1,2 1,0 Toyota * Kion Jungheinrich Mitsubishi * Crown * Hyster-Yale Kalmar Manitou Anhui Heli Hangcha Logisnext (Cargotec) * Business year 2018/2019 Sou
Slide 28: Jungheinrich key data (I)
Jungheinrich key data (I) in € million 2015 2016 2017 2018 2019 Incoming orders 2,817 3,220 3,560 3,971 3,922 Group revenue 2,754 3,085 3,435 3,796 4,073 thereof Germany 701 753 851 900 966 thereof abroad 2,053 2,332 2,584 2,896 3,107 EBIT 213 235 259 275 263 EBIT ROS 7.7% 7.6% 7.5% 7.2% 6.4% Capita
Slide 29: Jungheinrich key data (II)
Jungheinrich key data (II) * in € million 2015 2016 2017 2018 2019 Equity ratio (Intralogistics) 48% 48% 48% 46% 46% Equity ratio (Group) 31% 31% 30% 29% 28% Net debt1) –75 –56 7 108 172* Tax ratio 31% 28% 25% 29% 27% Profit or loss 138 154 182 176 177 Employees (FTE3) 13,962 15,010 16,248 17,877 18
Slide 30: Broad customer base
Broad customer base Customer structure by sector (%) 17% 13% Retail and wholesale (incl. food distribution) Other sectors Logistics 12% Mechanical, automotive and electrical engineering Food industry (production) 1% 7% Chemical industry 46% 4% Wood, printing and paper based on approximately 70% of i
Slide 31: Jungheinrich share: Broad coverage
Jungheinrich share: Broad coverage Share structure Analyst coverage as at 31/03/2020 7 Buy Total: 8 48 102 million Ordinary Hold shares 54 share Sell Preferred share 4 Key figures for the 2015* 2016 2017 2018 2019 share Earnings per €1.36 €1.52 €1.80 €1.73 €1.75 preferred share Dividend per €0.40 €0
Slide 32: Financial calendar
Financial calendar Date Event 18/03/2020 Balance sheet press conference 18/03/2020 Phone conference FY2019 08/05/2020 Interim statement as of 31/03/2020 11/08/2020 Interim report as of 30/06/2020 10/11/2020 Interim statement as of 30/09/2020 to be 2020 Annual General Meeting announced Dividend payme