Kion Group Ag · XETR:KGX
Kion — Q1 2019 Earnings Presentation
20 slides from Kion's earnings presentation, Apr 25, 2019
Slide 1: KION GROUP AG Q1 2019 Update Call
KION GROUP AG Q1 2019 Update Call Gordon Riske (CEO), Anke Groth (CFO) – Frankfurt, 25 April 2019
Slide 2: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 2 KION GROUP AG | Q1 2019 Update Call | 25 April 2019 © 2019 KION GROUP AG. All rights reserved
Slide 3: Q1 2019 Financial Highlights
Q1 2019 Financial Highlights KION Group starts financial year 2019 with strong first quarter Order intake Revenue Adj. EBIT1 Free cash flow €2.1bn €2.1bn €182m €82m +12.4% y-o-y +13.0% y-o-y Margin of 8.8% +€69m y-o-y 1. Adjusted for PPA items and non-recurring items 3 KION GROUP AG | Q1 2019 Update
Slide 4: Q1 2019 Strategic Highlights
Q1 2019 Strategic Highlights Continued expansion of product portfolio and footprint PROMAT: Linde showcases full PROMAT: Dematic introduces PROMAT: Dematic introduces warehouse line for NAM market micro fulfillment system merchandise returns system Linde expands fuel cell drive to Dematic tests conc
Slide 5: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 5 KION GROUP AG | Q1 2019 Update Call | 25 April 2019 © 2019 KION GROUP AG. All rights reserved
Slide 6: Industrial Truck Market: Global market declines in Q1
Industrial Truck Market Global market declines in Q1 Order intake unit growth y-o-y (in %) North America China Q2/18 Q3/18 Q4/18 Q1/19 Western Europe Q2/18 Q3/18 Q4/18 Q1/19 7.6% 2.9% -9.5% -21.3% Q2/18 Q3/18 Q4/18 Q1/19 30.4% 11.9% 3.2% +11.2% 19.4% 13.4% 4.0% -4.4% Eastern Europe Q2/18 Q3/18 Q4/18
Slide 7: Industrial Truck Market: KION orders remained at same high level
Industrial Truck Market KION orders remained at same high level as in the previous year Industrial trucks: Regional development Industrial trucks: Market by region Order intake (in ‘000 units) and growth y-o-y (in %) Order intake FY 2018 (in ‘000 units) Q1 2019 South/ Market KION Central Other 10% W
Slide 8: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 8 KION GROUP AG | Q1 2019 Update Call | 25 April 2019 © 2019 KION GROUP AG. All rights reserved
Slide 9: Q1 2019 Key Financials
Q1 2019 Key Financials Continued growth momentum and improved operating performance Order intake Revenue Adj. EBIT and margin Net income (in €m) (in €m) (in €m and %) (in €m) +13.0% 8.6% 8.8% +12.4% 2,118 2,083 1,885 1,843 +15.5% +36.1% 158 182 68 93 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q
Slide 10: Industrial Trucks & Services
Industrial Trucks & Services Continued growth momentum Key financials1 +1.7% Order intake 1,485 1,510 (in €m) Q1 2018 Q1 2019 Revenue +10.2% 1,369 1,509 (in €m) Q1 2018 Q1 2019 9.9% 9.9% Adj. EBIT and margin +9.5% 136 149 (in €m and %) Q1 2018 Q1 2019 1. Translation effects in Q1 2019: order intake:
Slide 11: Supply Chain Solutions
Supply Chain Solutions Strong growth across regions Key financials1 +52.1% Order intake (in €m) 396 603 Q1 2018 Q1 2019 Revenue +20.9% (in €m) 471 569 Q1 2018 Q1 2019 7.4% 8.5% Adj. EBIT and margin +37.8% 35 48 (in €m and %) Q1 2018 Q1 2019 1. Translation effects in Q1 2019: order intake: €29m; reve
Slide 12: Supply Chain Solutions: Continued strong growth in line with market trends
Supply Chain Solutions Continued strong growth in line with market trends Order intake development Eight quarter rolling average order intake1 (in €m) Avg. growth2 +10.2% 565 583 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2017 2017 2017 2018 2018 2018 2018 2019 1. Order intake shown per quarter is the average
Slide 13: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Significant EPS increase driven by operating performance Q1 Q1 (in €m) 2019 2018 Change Description Adjusted EBITDA 379 341 11.2% − EBITDA driven by operating D&A -197 -183 performane Adjusted EBIT 182 158 15.5% Non-recurring items (NRI) -1 1 − PPA items relate mainly t
Slide 14: Free Cash Flow Statement
Free Cash Flow Statement Good cash generation at the start of the year Q1 Q1 (in €m) 2019 2018 Change Description Reported EBITDA 378 342 10.5% − EBITDA driven by operating Change in Net Working Capital (NWC) -43 -95 54.2% performance Taxes paid -35 -40 12.9% Pension payments -5 -6 2.5% − Lower chan
Slide 15: Net Debt
Net Debt Continued reduction of net debt and leverage 31 Mar 31 Dec (in €m) 2019 2018 Description Adjusted EBITDA 1,593 1,555 – Net debt lowered through Adjusted industrial EBITDA1 1,269 1,234 continued deleveraging from Free Cash Flow Net financial debt 1,825 1,870 Liabilities from procurement leas
Slide 16: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 16 KION GROUP AG | Q1 2019 Update Call | 25 April 2019 © 2019 KION GROUP AG. All rights reserved
Slide 17: FY 2019 Outlook
FY 2019 Outlook Outlook confirmed KION Group Industrial Trucks & Services Supply Chain Solutions Outlook Outlook Outlook (in €m) FY 2018 FY 2019 FY 2018 FY 2019 FY 2018 FY 2019 Order intake 8,657 8,250 – 8,950 6,211 6,250 – 6,450 2,425 2,000 – 2,500 Revenue 7,996 8,150 – 8,650 5,922 6,050 – 6,250 2,
Slide 18: Financial Calendar
Financial Calendar Date Event 09 May 2019 Annual General Meeting 25 July 2019 Interim report for the period ended 30 Jun 2019 (Q2 2019) and analyst call 24 October 2019 Quarterly statement for the period ended 30 Sep 2019 (Q3 2019) and analyst call Subject to change without notice 18 KION GROUP AG |
Slide 19: Key Financials
Key Financials Group figures Industrial Trucks & Services Supply Chain Solutions Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY (in €m) 2019 2018 2018 2018 2018 2018 2017 2019 2018 2018 2018 2018 2018 2017 2019 2018 2018 2018 2018 2018 2017 Order intake 2,118 8,657 2,287 2,060 2,424
Slide 20: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral presentation of the slides by representatives of the Company (or any