Rosenbauer International Ag · VIE:ROS
Rosenbauer International — Q1 2020 Earnings Presentation
32 slides from Rosenbauer International's earnings presentation, May 19, 2020
Slide 1: Investor & Analyst Presentation Q1 2020 Financial Figures
Rosenbauer Rosenbauer Group Group Investor & Analyst Presentation I Q1 2020 Financial Figures Sebastian Wolf I CFO Person Date May 19, 2020
Slide 2: Disclaimer
Disclaimer This presentation was produced by Rosenbauer International AG (Rosenbauer for short) for informational purposes only. Despite the greatest care taken by Rosenbauer, no guarantee is given for the correctness and completeness of the content. This presentation may not be reproduced, transmit
Slide 3: Agenda
Agenda 1. Rosenbauer Group at a glance 2. Q1 2020 financial figures 3. Outlook Q&A
Slide 4: Rosenbauer Group at a glance
Rosenbauer Group at a glance
Slide 5: Equity story
Equity story GLOBAL MARKET LEADER INNOVATION LEADER ■ System provider of fire-fighting equipment and ■ High R&D expenditures, Rosenbauer Group holds preventive fire protection more than 200 patents ■ Globally leading ■ First mover producer of fire-fighting pioneering vehicles sustainability ■ 16% RB
Slide 6: Global network of production facilities, sales and service offices
Global network of production facilities, sales and service offices EUROPE AUSTRIA Leonding Neidling Graz Telfs FRANCE Chambéry GERMANY Karlsruhe Luckenwalde Mogendorf and Gladbeck Bad Abbach-Lengfeld Viersen ITALY Rovereto POLAND Warsaw RUSSIA AMERICA MIDDLE EAST/ ASIA/AUSTRALIA Moscow Lyons / South
Slide 7: World firefighting vehicle market 2009-2018
World firefighting vehicle market 2009-2018 Fire-fighting vehicle Fire-fighting vehicle Rosenbauer Group market worldwide market worldwide Revenues Approximate number Global annual volume in EUR million of vehicles in thousands in EUR billion +5.9% +2.2% p.a. 978.1 p.a. +5.4% 4.8 847.6 22 870.8 909.
Slide 8: Leading system provider for fire protection
Leading system provider for fire protection (Product segments and % of group revenues; as of Dec. 31 2019) Municipal vehicles 40% ARFF Fire & Safety vehicles Equipment Vehicles 16% 78% Aerials Customer Service 16% 6% Industrial Stationary Fire 9% Protection vehicles 7% 2% 4% sonstige Umsätze Bilanzp
Slide 9: Innovative CFT technology receives excellent market response
Innovative CFT technology receives excellent market response Strong feedback and initial orders from premium customers Berlin fire service Brandweer Amsterdam Dubai Civil Defence Oslo Fire Brigade L.A. Fire Department Successful series implementation Pre-reservations ■ Series development going accor
Slide 10: Rosenbauer face cover
Rosenbauer face cover ■ Developed with professional components of Rosenbauer HEROS fire fighting helmets ■ Extensive face protection against droplets ■ Perfect for use in public administration, supermarkets, furniture shops, nursing homes, hotels, restaurants, hairdressers… ■ Multi-adjustable for al
Slide 11: COVID-19 pandemic: Risks to Rosenbauer Group
COVID-19 pandemic: Risks to Rosenbauer Group Risks Customer acceptances ■ Single delays ■ Temporary official shut-downs in France, Spain and South-Africa repealed Supply chain ■ Suppliers of chassis have restarted their production, single delays in the US Staff ■ Initial concerns and uncertainty van
Slide 12: COVID-19 pandemic: Measures
COVID-19 pandemic: Measures Permanent crisis management team at Group level ■ Ongoing situational assessment, communication and crisis management to safeguard operations and protect employee health Rigid health management ■ Early travel bans ■ Comprehensive set of “coronavirus” procedures ■ More bro
Slide 13: Q1 2020 financial figures
YWOOD & Q1 2020 financial figures € rosenbauer x
Slide 14: Rosenbauer Group highlights
Rosenbauer Group highlights ■ The Rosenbauer Group increases revenues by 32.5 % to € 232.9 million in Q1 2020, which makes the period the historically strongest first quarter ever ■ All sales areas contribute to the jump in revenues; foremost Area NISA, which has doubled its turnover ■ Stationary fi
Slide 15: Revenues and EBIT quarterly
Revenues and EBIT quarterly € million 50 357,4 363,6 45 40 36,8 35 243,1 31,8 232,9 218,8 219,9 30 211,7 210,9 199,3 181,9 190,3 25 175,8 162,4 20 15 12,1 9,9 8,9 10 5,8 7,0 6,3 2,1 4,3 5 3,1 -3.1 1,1 0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Revenues EBIT Inves
Slide 16: Revenues development
Revenues development € million +32.5% +16.3 -0.6 232.9 +9.3 ■ Rosenbauer Group +6.1 +17.1 with jump in +8.9 revenues in 1-3/2020 175.8 ■ 5 out of 6 business segments achieve higher volumes ■ Area NISA doubles its turnover, Area APAC and Area MENA grow by 46 % and 43 % respectively Q1 19 CEEU CEEU NI
Slide 17: EBIT development
EBIT development € million +104.8% +1.8 -0.2 +0.3 -1.0 ■ In 1-3/2020 EBIT 4.3 has doubled compared to the corresponding +0.9 period of the previous year +0.4 2.1 ■ Strong operating performance with higher billings and improved coverage of fixed costs Q1 2019 CEEU CEEU NISA MENA APAC APAC NOMA NOMA S
Slide 18: Investments
Investments CAPEX, depreciation and amortization € million 6,1 5,1 4,1 4,1 4,3 3,7 3,9 3,9 3,4 3 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Investments Depreciation and amortization ■ Installation of photovoltaic systems in Leonding and in Neidling ■ Preparation of plant II in Leonding for production o
Slide 19: Financial figures
Financial figures 2019/ € million 1-3/2018 1-3/2019 1-3/2020 2020 Revenues 162.4 175.8 232.9 +32% EBIT 1.1 2.1 4.3 +105% EBIT margin 0.7% 1.2% 1.8% - EBT 0.9 0.7 2.7 +286% Net profit for the period 0.8 0.6 2.2 +267% Cash flow from -19.9 -56.6 -45.7 +19% operating activities Investor Presentation I
Slide 20: Accounting ratios
Accounting ratios FY 2019/ € million / % Mar. 31, 2019 Dec. 31, 2019 Mar. 31, 2020 Q1 2020 1 Total assets 849.4 977.5 1,015.9 +4% 2 Equity ratio 27.8% 25.9% 25.3% - Capital employed (ø) 552.5 603.8 706.4 +17% ROCE 0.4% 8.6% 0.6% - ROE 0.3% 18.6% 1.1% - 3 Net debt 293.3 342.5 393.3 +15% 4 Gearing r
Slide 21: Balance sheet structure
Balance sheet structure (in € million) 1.015,9 1015,9 979,2 979,2 Assets 52,1 Provisions 52,1 223,3 849,4 849,4 186,6 58,5 266,7 266,9 179,7 673,0 673,0 Receivables Liabilities 241,8 and other 308,1 308,1 54,9 and other 181,6 257,5 debt assets 239,8 149,7 257,5 0,0 0,0 Construction 0,0 236,6 Equity
Slide 22: Trade working capital and Financing
Trade working capital and Financing Trade Working Capital TRADE WORKING CAPITAL Financing FINANCING € million € million € million € million 225% 393,3 400 978,1 ~ 980 1000 200% 909,4 350 175% 293,3 300 257,5 750 150% 250 236,6 225,7 125% 211,3 513,2 200 500 463,7 100% 152,7% 362,4 150 75% 124,0% 100
Slide 23: Outlook
Outlook Investor Presentation I 23
Slide 24: Order intake / backlog
Order intake / backlog Order intake/backlog Order intake Q1 2020 € million by Area (Q1 2019) 1.219,2 1.184,5 SFP APAC 2% (2%) 933,8 12% (27%) 861,7 CEEU 790,6 31% (37%) € 282.3m NOMA 25% (12%) 338,1 282,3 NISA 211,8 236,2 207,9 12% (7%) MENA 18% (15%) 1-3/2016 1-3/2017 1-3/2018 1-3/2019 1-3/2020 Ord
Slide 25: Outlook
Outlook ■ The COVID-19 pandemic is having a severe impact on economic activity. According to the IMF the global economy is about to contract sharply – by -3 % - in 2020. ■ The world fire service market follows the economic cycle with a delay of several months and has shown stable demand in Q1 2020.
Slide 26: Thank you for your attention! Q&A
Thank you for your attention! Q&A
Slide 27: Appendix
Appendix
Slide 28: Executive board
Executive board Dieter Siegel Sebastian Wolf Andreas Zeller Daniel Tomaschko CEO CFO CSO CTO Corporate Development Audit Area CEEU Supply Chain Management Human Resources Controlling Area NISA Central Technics Strategy Accounting/Tax Area APAC Center of Competence Innovation & Marketing Treasury Are
Slide 29: Segment reporting by areas
Segment reporting by areas CEEU: Central & Eastern Europe NISA: Northern Europe, Iberia, South America, Africa MENA: Middle East & North Africa APAC: Asia, Pacific, Australia, China NOMA: North & Middle America Investor Presentation I 29
Slide 30: Number of employees (reporting date)
Number of employees (reporting date) Mar 31, 2020 1,379 886 973 517 3,986 Mar 31, 2019 1,367 858 927 452 3,690 Mar 31, 2018 1,404 841 878 392 3,490 Mar 31, 2017 1,322 790 848 355 3,360 Mar 31, 2016 1,213 744 768 325 3,241 Austria USA Germany Rest of the world In addition, Rosenbauer employs approx
Slide 31: Rosenbauer share
Rosenbauer share Investor FR 1-3/2019 1-3/2020 5% Highest price € 45.6 45.4 BVG * Free float 51% Lowest price € 33.1 23.0 44% Closing price € 39.5 27.6 * Rosenbauer Beteiligungsverwaltung GmbH Market capitalization € million 268.6 187.7 50 € Dividend € 1.25 0.8 45 € 40 € 35 € Dividend yield % 3.2% 2
Slide 32: Financial calendar
Financial calendar August 14, 2020 Publication of the Half-year Financial Report 2020 November 17, 2020 Publication of the Interim Statement Q3/2020 Investor Presentation I 32
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