Slide 1: Tecnotree Corporation Interim Report Q2/2013
Tecnotree Corporation Interim Report Q2/2013 14th Aug 2013
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for Q2 & H1 2013 (comparisons to Q2 & H1 2012) Q2 2013 Net sales 22.5 M€ (21.3 M€), a new quarterly record Adjusted EBIT 2.7 M€ (2.0 M€) EBIT 2.2 M€ (0.6 M€) Only 0.6 M€ capitalised R&D expenses left in the balance sheet Cash flow after investments -6.5
Slide 3: Financial Highlights
Financial Highlights M€ 1‒6/2013 1‒6/2012 Net sales 36.4 31.3 Adjusted operating result -1.3 -3.8 EBIT BEFORE R&D CAPITALISATION & AMORTISATION AND ONE-TIME COSTS Ebit -2.4 -6.7 Net result -3.4 -7.7 Order intake 35.5 49.7 Cash flow after investments -5.0 1.1 Net Cash Flow -7.2 4.4 Cash 3.8 11.0 Equi
Slide 4: Net Sales by Area
Net Sales by Area 20 + 16% 18 16 + 42% 14 - 8% 12 M€ 10 8 6 4 - 33% - 24% 2 0 Americas Europe MEA APAC Act 1-6/2012 15,4 3,9 10,3 1,7 Act 1-6/2013 17,9 2,6 14,6 1,3 Americas + 16% Europe - 33% MEA + 42% APAC - 24% 14th Aug 2013 Interim Report Q2/2013
Slide 5: Sales and Orders
Sales and Orders 70 60 50 40 M€ 30 20 10 0 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Tecnotree sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 OBL 21,5 21,0 40,4 36,2 58,8 59,2 54,2 55,3 53,3 Order intake 17,9 16,7 35,5 5,8 43,9 20,1 17,4 15,1 20,4 14th Aug 2013 Inte
Slide 6: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-6/2013 1-6/2012 Change % Net sales 36.4 31.3 16.4 Other operating income 0.0 0.0 Total revenue 36.4 31.3 16.4 Adjusted operating expenses*) -37.7 -35.1 7.4 Adjusted operating result -1.3 -3.8 66.7 - Net impact of R&D capitalizations -1.1 -2.8 -59.7 - One-time
Slide 7: Consolidated Income Statement
Consolidated Income Statement EUR Million 1-6/2013 1-6/2012 Change % Net sales 36.4 31.3 16.4 Other operating income 0.0 0.0 Materials and services -7.3 -5.9 24.7 Employee benefit expenses -17.2 -15.6 10.5 Depreciation -2.1 -3.9 -46.1 Other operating expenses -12.2 -12.6 -3.2 Operating result -2.4 -
Slide 8: Consolidated Income Statement
Consolidated Income Statement 4-6/2013 vs. 4-6/2012 EUR Million 4-6/2013 4-6/2012 Change % Net sales 22.5 21.3 5.6 Other operating income 0.0 0.0 Materials and services -3.6 -4.0 -7.7 Employee benefit expenses -8.5 -7.8 8.1 Depreciation -1.0 -1.9 -45.3 Other operating expenses -7.2 -7.0 1.9 Operatin
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.6.2013 30.6.2012 Change % NON-CURRENT ASSETS Fixed Assets 5.9 12.3 -52.3 Consolidated goodwill 16.5 18.9 -12.7 Other non-current assets 2.8 3.3 -15.1 CURRENT ASSETS Inventories 1.2 1.1 8.8 Trade Receivables 17.2 17.6 -2.7 Other Receivables 24.8 27.7 -10.3 In
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.362013 30.6.2012 Change % SHAREHOLDER’S EQUITY 27.7 46.0 -39.7 NON-CURRENT LIABILITIES Interest-bearing liabilities 0.0 11.1 Deferred tax liabilities 2.6 3.3 -22.1 Other non-current liabilities 0.5 0.4 36.2 CURRENT LIABILITIES Interest-bearing liabilities 26
Slide 11: Prospects for 2013
Prospects for 2013 Tecnotree’s order book at the end of 2012 stood at 54.2 M€, so the company moved into 2013 in a good position The company estimates that its net sales and operating result will improve from the previous year Variations in the quarterly figures will be considerable Prospect
Slide 12: Additional Financial Information for Investors
Additional Financial Information for Investors 14th Aug 2013 Interim Report Q2/2013
Slide 13: Sales and Adjusted Operating Result
Sales and Adjusted Operating Result 4 per. Mov. Avg. (Adj. operating result %) M€ 25 30% 20% 20 10% 15 0% 10 -10% -20% 5 -30% 0 -40% -50% -5 -60% -10 -70% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 Adj. operating result 3,3 1,9 -2,0 -5,8
Slide 14: Sales by Area
Sales by Area Americas 25 70% M€ 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Tecnotree Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 Americas 8,5 8,6 4,5 3,7 11,7 10,1 13,0 4,6 13,3 % 46% 50% 28% 37% 55% 51% 58% 33% 59% 4 per. Mov. Avg. (%) 14th
Slide 15: Sales by Area
Sales by Area Europe M€ 25 20% 18% 20 16% 14% 15 12% 10% 10 8% 6% 5 4% 2% 0 0% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Tecnotree Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 Europe 1,4 1,7 2,8 1,4 2,5 1,0 1,8 1,1 1,5 % 8% 10% 17% 14% 12% 5% 8% 8% 7% 4 per. Mov. Avg. (%) 14th Aug
Slide 16: Sales by Area
Sales by Area MEA M€ 25 60% 20 50% 40% 15 30% 10 20% 5 10% 0 0% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Tecnotree Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 MEA 7,0 5,8 7,7 3,8 6,4 8,0 6,6 7,7 6,9 % 38% 34% 48% 38% 30% 41% 29% 55% 31% 4 per. Mov. Avg. (%) 14th Aug 2013 Interim
Slide 17: Sales by Area
Sales by Area APAC M€ 25 12% 20 10% 8% 15 6% 10 4% 5 2% 0 0% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Tecnotree Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 APAC 1,5 1,1 1,0 1,1 0,6 0,7 1,0 0,5 0,7 % 8% 6% 6% 11% 3% 4% 4% 4% 3% 4 per. Mov. Avg. (%) 14th Aug 2013 Interim Report Q2/
Slide 18: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Tecnotree sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 Services 7,1 6,4 7,7 4,0 7,4 5,1 9,6 6,5 9,5 Other sales 11,4 10,8 8,4 6,0 13,9 14,6 12,8 7,4 13,0 14th Aug 2013 Interim Report Q2/2013
Slide 19: Materials and Services
Materials and Services M€ 25 30% 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 Materials and Services 3,1 3,9 2,1 1,9 4,0 4,5 4,0 3,7 3,6 % 17% 23% 13% 19% 19% 23% 18% 27% 16% 4 per. Mov. Avg. (%) 14th Aug
Slide 20: Employee Benefits
Employee Benefits 25 90% M€ 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 Employee 8,2 6,6 7,3 7,8 7,8 8,9 11,0 8,8 8,5 benefits % 44% 38% 45% 78% 37% 45% 49% 63% 38% 4 per. Mov. Avg. (%) 14th
Slide 21: Other Operating Expenses
Other Operating Expenses M€ 25 60% 20 50% 40% 15 30% 10 20% 5 10% 0 0% Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Sales 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 22,5 Other Opex 4,1 4,5 8,1 5,6 7,0 6,8 7,8 5,1 7,2 % 22% 26% 51% 56% 33% 34% 35% 37% 32% 4 per. Mov. Avg. (%) 14th Aug 2013 Inte
Slide 22: Assets by Quarter
Assets by Quarter M€ 120 100 80 60 40 20 0 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Cash 10,4 7,8 6,7 6,0 11,0 3,7 11,3 10,5 3,8 Investments 0,9 0,9 0,0 0,0 0,0 0,0 0,6 0,6 0,9 Other rec. (mainly WIP) 26,7 31,8 29,3 26,3 27,7 34,2 19,0 16,6 24,8 Trade receivables 22,4 22,5 23,7 18,1 17,
Slide 23: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 120 100 80 60 40 20 0 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Current non-interest bearing 16,9 18,5 17,6 14,3 16,3 21,7 15,6 15,9 16,0 Current interest bearing 12,2 12,2 15,8 14,8 14,8 14,9 28,3 25,7 26,1 Deferred tax 2,7 2,4 4,4 3,3 3,3 3,1 2,8 2,
Slide 24: 14th Aug 2013 Interim Report Q2/2013
14th Aug 2013 Interim Report Q2/2013