Slide 1: Q4/FY 2010 Results
Q4/FY 2010 Results March 25, 2011
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) % change % change Q4 '09 Q4 '10 (excl. curr.) FY '09 FY '10 (excl. curr.) Sales 735 806 +9.7% (+4.5%) 2,755 2,948 +7.0% (+3.2%) Gross profit* 244 261 +7.0% 886 998 +12.6% as a % of sales 33.2% 32.4% 32.2% 33.9% SG&A* -139 -160 +15.1% -553 -586 +6.0% as a
Slide 3: Net Financial Debt (in million Euro)
Net Financial Debt (in million Euro) 703 737 723 673 661 569 500 445 434 391 398 161 Q1'08 Q2'08 Q3'08 Q4'08 Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 Q2'10 Q3'10 Q4'10 3
Slide 4: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) 800 Inventories 800 Trade Receivables* 800 Trade Payables 700 700 720 726 700 681 600 633 627 600 639 600 605 607 575 591 585 583 577 500 543 539 500 514 500 521 532 483 469 473 471 482 467 400 400 400 300 300 300 119 113 274 108 108 101 103 100 10
Slide 5: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q4 2010 • Sales at 806 million Euro - increase of 9.7% mainly due to Graphics • Gross profit margin slightly decreased due to unfavorable raw material impact • SG&A % slightly increased to 19.9% due to higher selling expenses • Recurring EBIT of 75 million Euro,
Slide 6: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q4 '09 Q4 '10 ∆% FY'09 FY'10 ∆% Recurring EBIT* 73 75 +2.7% 182 266 +46.2% Restructuring and non-recurring -2 -9 -12 -32 Operating result 71 66 -7.0% 170 234 +37.6% Non-operating result -34 -23 -114 -94 Profit before taxes 37 43 56 140 Taxes and minority
Slide 7: Agfa Graphics
Agfa Graphics AGFA &>
Slide 8: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q4'09 Q4'10 ∆% FY'09 FY'10 ∆% (excl. curr.) (excl. curr. ) Sales 356 429 +20.5% (+14.5%) 1,341 1,565 +16.7% (+12.2%) Gross Profit* 101 129 +27.7% 376 483 +28.5% as a % of sales 28.4% 30.1% 28.0% 30.9% SG&A* -68 -88 +29.4% -270 -313 +15.9% as % of sales 19.1% 2
Slide 9: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q4 2010 • Sales increase due to external growth • Analog prepress sales influenced by uncertainties in the graphic markets related to the high silver price • Performance of digital prepress and inkjet according to expectations • Gross margin increased due to
Slide 10: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment YTD 2010 100% = 1,565 million Euro Inkjet, Software, Service 15% Analog Prepress 21% Digital Prepress 64% 10
Slide 11: Agfa HealthCare
Agfa HealthCare AGFA &>
Slide 12: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q4'09 Q4'10 ∆% FY'09 FY'10 ∆% (excl. curr.) (excl. curr. ) Sales 316 317 +0.3% (-4.7%) 1,178 1,180 +0.2% (-3.3%) Gross Profit* 132 117 -11.4% 467 468 +0.2% as a % of sales 41.8% 36.9% 39.6% 39.7% SG&A* -65 -65 +0.0% -255 -248 -2.7% as % of sales 20.6% 20.5%
Slide 13: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q4 2010 • In Imaging IT, the European markets are starting to show signs of recovery of the economic crisis • The North American Imaging IT business was soft but the order book is well-filled • Significant amount of orders for CR, DR and hardcopy printers
Slide 14: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment YTD 2010 100% = 1,180 million Euro Hardcopy 29% Classic Radiology CR/Modalities 14% 18% HIS/CIS 11% Imaging IT* 28% HealthCare IT = 39% * Includes Radiology and Cardiology IT 14
Slide 15: Agfa Specialty Products
Agfa Specialty Products AGFA &>
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) ∆% ∆% Q4 '09 Q4 '10 (excl. curr.) FY'09 FY'10 (excl. curr.) Sales 62 60 -3.2% (-5.3%) 236 203 -14.0% (-15.4%) Gross profit* 11 13 +18.2% 43 46 +7.0% as a % of sales 17.7% 21.7% 18.2% 22.7% SG&A* -7 -6 -14.2% -27 -24 -11.1% as a % of sales 11.3% 10.0%
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q4 2010 • Revenue influenced by shift of part of the film business to Agfa Graphics and the market driven decline for some of the Classic Film products • Recurring EBIT amounted to 3.6 million Euro 17
Slide 18: Outlook
Outlook • So far, the effects of the high raw material costs were limited. The raw material related impact on the margins is expected to be more substantial as from the first quarter of 2011 • Effects of recently announced price increases for film products expected to become more visible in the seco
Slide 19: Questions & Answers
Questions & Answers AGFA &>