Rockwool A/S Class A · OMXCOP:ROCK_A
Rockwool A/S Class A — FY2008 Earnings Presentation
12 slides from Rockwool A/S Class A's earnings presentation, Mar 12, 2009
Slide 1: Annual Report conference call 12 March 2009
Annual Report conference call 12 March 2009 CFO Gilles Maria VP Thorkild Diness Jensen 1 1
Slide 2: Forward-looking statement
Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors influencing the activities of the group, e.g. the global economic environment, including interest and exchang
Slide 3: Sales in 2008
Sales in 2008 - decreased by 1.5% compared to 2007 - Q4 increased by 2% to DKK 3,619 million (in comparable exch. rates) 13.908 13.700 14000 13000 11.537 12000 DKK million 11000 10.024 10000 9.143 9000 8000 7000 6000 5000 4000 3000 15% 21% 2000 10% 1000 -1.5% 0 -1000 2004 2005 2006 2007 2008 Net sal
Slide 4: Long term sales development
Long term sales development 14000 12000 DKK million 10000 8000 6000 4000 2000 0 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 4 4
Slide 5: EBIT 2008
EBIT 2008 - decreased by 44 % compared to 2007 - 11 % of net sales 2800 2.706 2600 2400 2200 DKK million 2000 1800 1600 1.502 1.405 1400 1200 93% 1000 885 800 666 59% 600 33% 400 200 -44% 0 -200 -400 -600 2004 2005 2006 2007 2008 EBIT Changes 5 5
Slide 6: EBIT 2008 per business segment
EBIT 2008 per business segment 2.396 2400 2200 2000 1800 DKK million 1600 1400 1200 1.111 1.162 1000 813 800 622 600 318 332 400 210 200 10 107 84 -66 -34 -8 8 0 -200 2004 2005 2006 2007 2008 Insulation Systems Division Elim. & Holding companies 6 6
Slide 7: Profit 2008 after minority interests
Profit 2008 after minority interests - decreased by 49% but 6% higher than 2006 - net tax percentage changed from 25.4% to 30.1% 2500 DKK million 1.966 2000 1500 950 1.004 1000 574 406 500 0 2004 2005 2006 2007 2008 7 7
Slide 8: Investments and acquisitions 2008
Investments and acquisitions 2008 - increased by 63% 2.642 2700 2400 DKK million 2100 1800 1.621 1500 1200 944 1.004 900 704 600 300 0 2004 2005 2006 2007 2008 8 8
Slide 9: Investments and acquisitions 2008 - maintenance investments
Investments and acquisitions 2008 - maintenance investments excluding capacity program 2700 2.642 2400 2100 DKK million 1800 1.689 1.621 1500 1200 944 1.004 1.168 900 704 258 600 944 953 300 704 746 453 0 2004 1 2005 2 2006 3 2007 4 2008 5 Maintenance Capacity program 9 9
Slide 10: Expectations for 2009
Expectations for 2009 The financial crisis has spiralled into a global economic downturn which affects all markets where the Group operates. Sales in Q1 2009 are expected to be 14% below last year. Sales for 2009 is foreseen to decrease by 14% Expectations for 2009 net result after minority
Slide 11: Long term EBIT ratio 1984-2009e
Long term EBIT ratio 1984-2009e 20% 18% 16% Percentage 14% 12% Goal 11% 10% 8% 6% 4% 2% 0% 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009e 11 11
Slide 12: Questions
Questions CFO Gilles Maria VP Thorkild Diness Jensen 12 12