Feintool International Holding Ag · SIX:FTON
Feintool International — H1 2018 Earnings Presentation
23 slides from Feintool International's earnings presentation, Aug 22, 2018
Slide 1: Half-year media report, 22 August 2018
Half-year media report, 22 August 2018 Review, results, outlook
Slide 2: Agenda
AGENDA Review Knut Zimmer Financial results Thomas Bögli Outlook Knut Zimmer Trends in the automotive industry Stefan Walther Questions and answers All Lunch Investing in e-mobility Knut Zimmer Fineblanking technology and coup d'oeil FB one Markus Schaltegger
Slide 3: Market environment: Feintool is again growing faster than the market
MARKET ENVIRONMENT Feintool is again growing faster than the market Worldwide automotive market growing again Feintool continues to gain market shares Customers in the automotive market continue to globalize China as a driver of growth in global automotive production Political uncertaintie
Slide 4: Fineblanking Technology segment: Record net sales and incoming orders
FINEBLANKING TECHNOLOGY SEGMENT Record net sales and incoming orders Successful press system sales in key markets as a basis for high net sales and new orders Promising launch of a new hydraulic press generation Various innovation projects with universities (e.g., thermo-cutting for processing
Slide 5: System Parts segment: Investing in the future despite record new orders
SYSTEM PARTS SEGMENT Investing in the future despite record number of new orders Net sales growth of 13.6% to CHF 337.3 million New projects received in the first semester worth a total of CHF 60 million in annual sales Europe and China are driving growth, with plants at full capacity Net sa
Slide 6: Financial results
Financial results Thomas Bögli
Slide 7: Net sales: Sales grew 13.6% in total
NET SALES Sales grew 13.6% in total Sales of CHF 337.3 m Net sales in % Currency effect: + CHF 9.9 m or 330 basis points 10% Asia Acquisition effect: + CHF 3.0 m or 100 basis points 28% USA Organic growth in local currency: 9.3% 62% Europe System Parts segment realizes 87.3% of third-party
Slide 8: EBITDA: margin at 13.5% - as in prior year
EBITDA EBITDA margin at 13.5% - as in prior year EBITDA increased to CHF 45.4 m EBITDA in % EBITDA increased by 9.9% (in local currency) 10% Asia Manufacturing sites with many products in start-up phase reduce 55% 35% USA margin due to high preparatory cost Europe Strong increase of steel pr
Slide 9: EBIT: margin at 7.6% - as in prior year
EBIT EBIT margin at 7.6% - as in prior year EBIT increased to CHF 25.7 m EBIT in % EBIT increased by 14.4%, currency effect supported this trend 2% Asia with 350 basis points 40% 58% USA Manufacturing sites in Oelsnitz (Ger), Most (CZ) and Tianjin (CN) Europe impact the result negatively, due
Slide 10: Net result: Net profit margin increased to 5.0%
NET RESULT Net profit margin increased to 5.0% in m CHF Net profit increased to 30 25.7 CHF 16.9 m 25 Net profit increased by 19.8% 1.7 20 in local currency 16.9 7.1 Financial cost strongly 15 influenced by currency gain 10 of CHF 0.3 m; therefore 5 financial cost in total sank to CHF 1.7 m 0
Slide 11: Fineblanking Technology: All key figures improved strongly
FINEBLANKING TECHNOLOGY All key figures improved strongly in m CHF Net sales of CHF 53.3 m, 43.7% over prior year 60 EBIT of CHF 3.8 m compared to a small loss in prior year 40 Order entry of CHF 57.9 m, 17.4% over prior year 20 1706 1806 Order backlog of CHF 47.2 m ensures good capacity uti
Slide 12: System Parts: Investment into future growth impacts margin
SYSTEM PARTS Investment into future growth impacts margin Net sales increased to CHF 295.2 m in m CHF Net sales Growth in local currency: 7.3% 300 EBIT of CHF 26.1 m; margin at 8.8% 275 Investments into future growth continue and have a negative 250 1706 1806 impact in the vicinity of CHF 4.
Slide 13: Balance sheet: Total assets increased by 6.4%
BALANCE SHEET Total assets increased by 6.4% compared to 31.12.2017 Assets 30.06.2018 31.12.2017 Differenz Total assets increased to in m CHF in m CHF in m CHF CHF 635.9 m Cash and cash equivalents 37.3 52.4 -15.1 Total non-current assets Trade and other receivables 125.3 114.0 11.3 increased by
Slide 14: Balance sheet: Solid balance sheet
BALANCE SHEET Solid balance sheet Liabilities 30.06.2018 31.12.2017 Differenz Equity rose by 4.6% to CHF in m CHF in m CHF in m CHF 266.9 m; Equity-ratio slightly Financial liabilities 154.8 134.2 20.6 lower with 42.0% Other liabilities 214.2 208.0 6.2 Net debt increased to CHF Shareholder's equ
Slide 15: Shareholders' equity increased by 4.6%
SHAREHOLDERS’ EQUITY Shareholders’ equity increased by 4.6% in m CHF 280 Positive effect of operational 16.9 business with CHF 16.9 m 270 266.9 1.4 0.3 Dividend of CHF 2.00 per 260 255.2 8.9 2.0 share; as in prior year 250 Currency fluctuations and revaluation of pension fund 240 liability hav
Slide 16: Cash flow: High capital expenditures
CASH FLOW High capital expenditures Operational cash flow with CHF 24.9 m in m CHF Liquid funds & substantially improved compared to prior year confirmed open credit lines 160 Capital expenditures sum up to a high CHF 140 57.2 m 120 Liquid funds and confirmed credit lines add up 100 to CHF 98.
Slide 17: Employees: Growth needs more personnel
EMPLOYEES Growth needs more personnel 30.06.2018 30.06.2017 2’604 employees in total Asia Asia In all regions more CH CH employees 399 342 439 387 17% of all employees are working in Switzerland 642 68 apprentices 664 USA USA 1'114 1'026 EU EU
Slide 18: Outlook
—_= chp FEINTOOL Outlook Knut Zimmer
Slide 19: Guidance: Optimistic outlook
GUIDANCE Optimistic outlook Continuation of positive business development Net sales for the year expected to range between CHF 670 million and CHF 700 million EBIT margin comparable to the first half of 2018
Slide 20: Outlook: All signs point toward growth
OUTLOOK All signs point toward growth Increase in capacity: Expansion of the plant in Tianjin initiated, production capacity to be doubled by 2020 Launch of a new press generation: Sales launch of the new press FB one at the leading trade fair Euroblech 2018 Investment in e-Mobility: Integrati
Slide 21: Agenda: Next dates
AGENDA Next dates 30 October 2018 Results Q3 5 March 2019 Annual Media Conference of financial year 2018 30 April 2019 Annual General Meeting
Slide 22: Thank you for your attention
Feintool Group Thank you for your attention.
Slide 23: Disclaimer
DISCLAIMER Feintool is confirming its best efforts to present accurate and up-to-date information in this document. Feintool gives no representation or warranty, expressed or implied, as to the accuracy or completeness of the information provided herein and disclaims any liability whatsoever for t
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