Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — FY2018/19 Earnings Presentation
21 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Aug 9, 2019
Slide 1: HELLA Investor Update FY 2018/19
Copyright Protection: Confidential - ISO 16016 HELLA Investor Update FY 2018/19 Conference Call on August 09, 2019 Dr. Rolf Breidenbach, CEO Bernard Schäferbarthold, CFO HF-7761DE_C (2012-12)
Slide 2: Disclaimer
Copyright Protection: Confidential - ISO 16016 Disclaimer This document was prepared with reasonable care. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be comprehensive
Slide 3: Outline
Copyright Protection: Confidential - ISO 16016 HELLA Investor Update FY 2018/19 Outline ■ HELLA Financial Highlights FY 2018/19 ■ HELLA Financial Results FY 2018/19 ■ Outlook ■ Q&A 3 HELLA Investor Update FY 2018/19, Conference Call on August 9th, 2019
Slide 4: Positive sales growth and EBIT increase in FY 2018/19
Copyright Protection: Confidential - ISO 16016 Positive sales growth and EBIT increase in FY 2018/19 Financial Highlights FY 2018/19 ■ HELLA Group currency and portfolio adjusted sales grew by 5.0% Sales YoY to 7.0 bill. EUR ■ Adj. Gross Profit margin at 25.9% (-0.5%-points YoY) Profitability ■ Adj.
Slide 5: Automotive outperforming LVP in all regions
Copyright Protection: Confidential - ISO 16016 Automotive outperforming LVP in all regions Financial Highlights FY 2018/19 HELLA Automotive external sales by region (in EUR millions) Global Europe North & South America Asia & RoW 5,723 3,503 1,268 987 952 5,383 3,180 3,174 3,284 4,804 4,980 1,112 85
Slide 6: Outline
Copyright Protection: Confidential - ISO 16016 HELLA Investor Update FY 2018/19 Outline ■ HELLA Financial Highlights FY 2018/19 ■ HELLA Financial Results FY 2018/19 ■ Outlook ■ Q&A 6 HELLA Investor Update FY 2018/19, Conference Call on August 9th, 2019
Slide 7: HELLA top line growth with positive development in FY 18/19
Copyright Protection: Confidential - ISO 16016 HELLA top line growth with positive development in FY 18/19 Financial Results FY 2018/19 HELLA Group sales (in EUR millions) Comment ■ Currency (+0.3pp) and portfolio (-6.3pp) adjusted growth of HELLA Group at 5.0% 7,060 6,990 -1.0% ■ Reported sales of
Slide 8: Adj. GPM decreased due to lower growth dynamics and increasing cost pressure
Copyright Protection: Confidential - ISO 16016 Adj. GPM decreased due to lower growth dynamics and increasing cost pressure Financial results FY 2018/19 Adj. Gross Profit Highlights EUR millions 1,807 ■ Adj. Gross Profit increased by 56 1,715 1,743 1,751 mill. EUR (+3.2%) to 1,807 mill. EUR +28 +8 +
Slide 9: Continuous high R&D expenses to secure technology leadership
Copyright Protection: Confidential - ISO 16016 Continuous high R&D expenses to secure technology leadership in accelerating industry dynamics Financial results FY 2018/19 R&D expenses Highlights EUR millions 623 611 ■ Absolute R&D expenses increased 3.7% 568 526 by 43 mill. EUR (+7.5% YoY) to -97 3.
Slide 10: SG&A costs declining due to continuous cost savings and extraordinary profit
Copyright Protection: Confidential - ISO 16016 SG&A costs declining due to continuous cost savings and extraordinary profit Financial results FY 2018/19 Adj. SG&A expenses Highlights EUR millions ■ Adj. SG&A costs decreased (-13 mill. 3.7% 736 EUR, -2.0%) to 662 mill. EUR 669 675 662 3.4% 3.4% − nea
Slide 11: Adjusted EBIT above prior-year's level, margin pressure from high R&D and costs
Copyright Protection: Confidential - ISO 16016 Adjusted EBIT above prior-year’s level, margin pressure from high R&D and increasing material and personnel cost Financial results FY 2018/19 Adjusted EBIT Highlights EUR millions 552 585 ■ Adjusted EBIT increased by 33 mill. 534 476 EUR (+5.9%) to 585
Slide 12: P&L including reconciliation
Copyright Protection: Confidential - ISO 16016 P&L including reconciliation Financial results FY 2018/19 FY comparison Comments HELLA GROUP ■ Reported EBIT FY 18/19 FY 17/18 FY 18/19 in EUR mill. increased by 233 mill. Gross Profit* reported 1,901.1 1,814.2 EUR including 255 mill. Adjustments -149.7
Slide 13: Q4 FY 18/19 Automotive business with lower growth dynamics and margin pressure
Copyright Protection: Confidential - ISO 16016 Q4 FY 18/19 Automotive business with lower growth dynamics and margin pressure Financial results FY 2018/19 Quarterly comparison Comments ■ Lower Automotive growth dynamics in Q4 FY 17/18 Q4 FY 18/19 Q4 FY 18/19: NSA and Europe sales could not compensat
Slide 14: Adj. Free Cash Flow from operating activities increased
Copyright Protection: Confidential - ISO 16016 Adj. Free Cash Flow from operating activities increased with improved Working Capital consumption Financial results FY 2018/19 Adj.1 FCF from operating activities Highlights EUR millions +27.3% ■ Adj. Free Cash Flow from +49.8% operating activities incr
Slide 15: Automotive segment with positive growth, profitability under pressure
Copyright Protection: Confidential - ISO 16016 Automotive segment with positive growth, profitability under pressure Financial results FY 2018/19 +8.0% +6.1% Automotive Sales +3.8% 5,766 5,433 ■ Growth of 6.1% with production ramp-ups 4,843 5,029 2,504 and high production volumes: +5.1% +8.1% 2,368
Slide 16: Non Automotive segments with positive margin developments
Copyright Protection: Confidential - ISO 16016 Non Automotive segments with positive margin developments Financial results FY 2018/19 +2.7% Aftermarket* 647 665 +33.2% ■ Total sales growth (+2.7%) due to workshop 70.1 business, positive IAM demand dampened by 52.6 weakness in EE 10.5 537 8.1 ■ Stron
Slide 17: Outline
Copyright Protection: Confidential - ISO 16016 HELLA Investor Update FY 2018/19 Outline ■ HELLA Financial Highlights FY 2018/19 ■ HELLA Financial Results FY 2018/19 ■ Outlook ■ Q&A 17 HELLA Investor Update FY 2018/19, Conference Call on August 9th, 2019
Slide 18: Market outlook characterized by uncertainties and continuous downward trend
Copyright Protection: Confidential - ISO 16016 Market outlook characterized by uncertainties and a continuous downward trend in predictions, HELLA assumes further revisions Market Outlook Unstable market environment IHS AS OF TODAY: Global Light Vehicle Production Development of Global Light Vehicle
Slide 19: Despite declining industry trend, HELLA still expects to outperform the market
Copyright Protection: Confidential - ISO 16016 Despite declining industry trend and further high uncertainties, HELLA still expects to outperform the market Company Guidance Against the backdrop of declining sector-specific framework and high insecurities HELLA is currently expecting the following f
Slide 20: Outline
Copyright Protection: Confidential - ISO 16016 HELLA Investor Update FY 2018/19 Outline ■ HELLA Financial Highlights FY 2018/19 ■ HELLA Financial Results FY 2018/19 ■ Outlook ■ Q&A 20 HELLA Investor Update FY 2018/19, Conference Call on August 9th, 2019
Slide 21: Thanks for your attention
Thanks for your attention Dr. Kerstin Dodel, CFA Head of Investor Relations Office phone +49 2941 38 - 1349 Facsimile +49 2941 38 - 471349 Mobile phone +49 174 3343454 E-Mail kerstin.dodel@hella.com Internet www.hella.com
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