Facc Ag · VIE:FACC
Facc — H1 2017/18 Earnings Presentation
17 slides from Facc's earnings presentation, Oct 18, 2017
Slide 1: Analyst Presentation H1-2017/18
ANALYST PRESENTATION H1-2017/18 October 18, 2017 // FACC GROUP
Slide 2: Highlights – first half year 2017/18
Higlights – first half year 2017/18 Further significant improvment in earnings and free cash flow Sales increased by 9.6% to EUR 358.7 mill. Operating income (EBIT) at EUR 29.7 mill. Positive free cash flow of EUR 11.8 mill. achieved EUR 635 mill. increase in order backlog from new contracts
Slide 3: FACC strategy Vision 2020
FACC strategy „Vision 2020“ Growth through innovation and global networks pìëí~áå~ÄäÉ=~åÇ=éêçÑáí~ÄäÉ=ÖêçïíÜ=áå=çêÇÉê= íç=áåÅêÉ~ëÉ=íÜÉ=Åçãé~åó=ëáòÉ=íç=bro=N= Äáääáçå Äó=íÜÉ=OMOMLON=ÑáëÅ~ä=óÉ~ê `çåëáëíÉåí=éêçÅÉëëáåÖ=çÑ=íÜÉ=çêÇÉê=Ä~ÅâäçÖ= ïáíÜ=Åçåíáåìçìëäó=áåÅêÉ~ëáåÖ=ÉÑÑáÅáÉåÅó píê~íÉÖáÅ=qáÉê=N=é~êíåÉê
Slide 4: Overview of the aerospace market
Overview of the aerospace market Economic environment of the sector lbj…ë=ÅçåÑáêãÉÇ=äçåÖJíÉêã= çìíäççâ råíáä=OMPS • ^ååì~ä=ÖêçïíÜ=çÑ=êÉîÉåìÉ= é~ëëÉåÖÉê=âáäçãÉíÉê=EomhF=~í=RB • aÉã~åÇ=Ñçê=ãçêÉ=íÜ~å=QNIMMM= ~áêÅê~Ñíë=EåÉï=~åÇ=êÉéä~ÅÉãÉåíëF UKPMM=_ìëáåÉëë=gÉíë ïáíÜáå=íÜÉ=åÉñí= Quelle: Boeing Current Ma
Slide 5: Constantly growing order backlog
Constantly growing order backlog c^``=ÄÉåÉÑáíë=Ñêçã=~å=áåÅêÉ~ëáåÖ=ÇÉã~åÇ=Ñçê=ãçêÉ=ÉÑÑáÅáÉåí=~áêÅê~ÑíëK= páåÅÉ=g~åì~êó=OMNT=c^``=dêçìé=áåÅêÉ~ëÉÇ=áíë=çêÇÉê=Ä~ÅâäçÖ=Ñêçã=åÉï= ÅìëíçãÉê=Åçåíê~Åíë=Äó=ãçêÉ=íÜ~å=bro=SMM=ãáääK= c^``=áë=íÜÉ ëáåÖäÉ ëçìêÅÉ é~êíåÉê Ñçê íÜÉ åÉï ^áêÄìë=^POM= ł^áêëé~ÅÉ Ó`~ÄáåÉ `çåí
Slide 6: Aerospace market - Summary
Aerospace market - Summary The outlook is positive for the aerospace market in the long run lbj…ë=áãéêçîáåÖ=íÜÉáê=éêçÑáíë=íÜêçìÖÜ=~=ãçÇÉêå= ÑäÉÉí=ëíêìÅíêìêÉëI=áåÅêÉ~ëÉÇ=ÉÑÑáÅáÉåÅó=C=äçï=ÑìÉä= Åçëí ^POMI=^PRMI=_TUT=ê~íÉ=áåÅêÉ~ëÉë=ÅçåÑáêãÉÇ=Äó= ÅìëíçãÉêë eáÖÜ=ã~êâÉí=éçíÉåíá~ä=Ñçê=jol=ÄìëáåÉëë kÉï=ÇÉîÉ
Slide 7: Management of FACC AG
Management of FACC AG Andreas Ockel will join the management board by November 1, 2017 oçÄÉêí=j~ÅÜíäáåÖÉêL`bl ^äÉë=pí•êÉâ L=`cl vçåÖëÜÉåÖ=t~åÖ=L=``l ^åÇêÉ~ë=lÅâÉä L=`ll `Ü~áêã~å=çÑ=íÜÉ= jÉãÄÉê=çÑ=íÜÉ= jÉãÄÉê=çÑ=íÜÉ= jÉãÄÉê=çÑ=íÜÉ= j~å~ÖÉãÉåí=_ç~êÇ j~å~ÖÉãÉåí=_ç~êÇ j~å~ÖÉãÉåí=_ç~êÇ j~å~ÖÉãÉåí=_ç~êÇ=
Slide 8: The First Half 2017/18 in Numbers
THE FIRST HALF 2017/18 IN NUMBERS
Slide 9: Revenues – First half year 2017/18
Revenues – First half year 2017/18 9,6 % growth supported by dynamic market development HIGHLIGHTS +11,5% +17,4% +2,4% Overall increase in revenues of 9,6 % 11,6 2,8 across FACC Group 16,9 358,7 327,4 Increase in product related revenues (RC) by 11.3 % to EUR 335.2 mill. Engineering revenues (NRC) d
Slide 10: Earnings (EBIT) – First half year 2017/18
Earnings (EBIT) – First half year 2017/18 Significant improvements in operational excellence 2.2% 8.3% Q21) Q2 H11) H1 EBIT margin EBIT margin EBIT 2016/17 2017/18 2016/17 2017/18 29,7 Aerostructures 11,1 8,0 14,2 19,3 Engines & -1,2 4,9 -8,3 8,2 Nacelles Interiors -5,0 3,9 -6,0 2,2 495 % 6,0 0,0 1)
Slide 11: Capital expenditures – First half year 2017/18
Capital expenditures – First half year 2017/18 HIGHLIGHTS Project investments: Airbus A350-1000 Airbus A330neo Bombardier C Series Embraer E2 24,9 Investments in technology, automation & capacity increases 15,6 12,6 H1 2015/16 H1 2016/17 H1 2017/18
Slide 12: Free cash flow – First half year 2017/18
Free cash flow – First half year 2017/18 Significant improvement of EUR 50.2 million in cash generation Half year 2016/17 Half year 2017/18 EUR mill. EUR mill. 23,5 47,9 12,6 12,0 11,8 EBITDA H1 Changes 0,0 in Investments Free Cash Flow EBITDA H1 2017/18 Changes in working Investments Free Cash Flow
Slide 13: 2016/17 fiscal year: Equity and net financial liabilities
2016/17 fiscal year Equity and net financial liabilities Equity / equity ratio Net financial liabilities In million EUR In million EUR 39,5 % 43,8 % 39,3 % 304,4 306,6 190,7 171,9 197,0 284,0 1) 1) FY 2015/16 FY 2016/17 H1 2017/18 FY 2015/16 FY 2016/17 H1 2017/18 1) Adjsuted according to IAS 8 – see
Slide 14: Investor Relations Summary
Investor Relations Summary pÜ~êÉ=mÉêÑçêã~åÅÉ=.óÉ~ê=íç=Ç~íÉÒ ^å~äóëí=oÉéçêíë ERSTE GROUP BUY EUR 11.0 RCB HOLD EUR 10.2 HAUCK AUFFHÄUSER BUY EUR 11.0 pÜ~êÉÜçäÇÉê=píêìÅíìêÉ 44,5% 55,5% FACC International Free Float
Slide 15: Outlook 2017/18
OUTLOOK 2017/18
Slide 16: 2017/18 fiscal year - Outlook
2017/18 fiscal year - Outlook qêÉåÇ=ïáíÜáå=íÜÉ=~Éêçëé~ÅÉ=áåÇìëíêó=ÅçåÑáêãÉÇ= lêÇÉê=_~ÅâäçÖ=çÑ=bro=RKO=Ääå Éèì~äë=~=ìíáäáë~íáçå=çÑ=T=óÉ~êë fãéêçîÉãÉåí=áå=ÄçíÜ=É~êåáåÖë=~åÇ=Ñáå~åÅá~ä=âÉó=ê~íáçë `çåíáåìçìë=ÜáÖÜ=Çóå~ãáÅ=áå=É~êåáåÖë=ÖêçïíÜ=Ó ëáÖåáÑáÅ~åí=áãéêçîÉãÉåí=áå= É~êåáåÖë=ÉñéÉÅíÉÇ=Ñçê=OMNTLNU c^``=
Slide 17: Contacts & share information
Contacts & share information pÜ~êÉ=fåÑçêã~íáçå fo=`çåí~Åí fpfk ^qMMMMMc^``O j~åìÉä=q~îÉêåÉ lÑÑáÅá~ä j~êâÉí sáÉåå~ píçÅâ=bñÅÜ~åÖÉ=L=éêáãÉJã~êâÉí aáêÉÅíçê fåîÉëíçê=oÉä~íáçåë qáÅâÉê póãÄçä c^`` oÉìíÉêë c^``Ksf mÜçåÉW=HQPLRVLSNSJOUNV _äççãÄÉêÖ c^``=^s jçÄáäÉW=HQPLSSQLUMNNV=OUNV pÜ~êÉë=lìíëí~åÇáåÖ QRITVM