Componenta Oyj · OMXHEX:CTH1V
Componenta Oyj — Q3 2001 Earnings Presentation
18 slides from Componenta Oyj's earnings presentation, October 2001
Slide 1: Componenta Corporation Interim Report
Componenta Corporation Interim Report 1 January - 30 September 2001
Slide 2: Income statement
Income statement MEUR 2001 2000 2000 1-9 1-9 1-12 Proforma Proforma Net sales 147.6 168.3 225.7 Other operating income 3.6 6.4 7.4 Share of result of associated -0.7 -0.1 -0.5 companies Operating expenses 136.8 156.6 208.7 Depreciation and write-down of non- 6.4 7.2 9.3 current assets Operating prof
Slide 3: Operating profit
Operating profit MEUR 2001 2000 2000 1-9 1-9 1-12 Proforma Proforma Cast and other components 6.1 9.2 12.9 Other business 0.5 1.0 1.4 Divested operations, excluding profit/loss 0.1 -3.0 -3.3 from sale Other income and non-recurring 1.2 3.3 3.9 expenses from business, net Others and internal sales -0
Slide 4: Review period in a nutshell
Review period in a nutshell • Componenta (formerly Componenta Holding) holds 100% of shares of Componenta Finance (formerly Componenta) • Result declined from previous year - Result impaired by two loss-making units in Sweden, where actions taken will have impact in 2002 - Non-recurring net income f
Slide 5: Net sales and order book
Net sales and order book Net s a l e s Order b o o k MEUR MEUR 70 45 40 60 35 50 30 40 25 30 20 15 20 10 10 5 0 0 I II III IV I II III IV 2000 Proforma 2000 Proforma Comparable Comparable 2001 2001
Slide 6: Operating profit and profit after financial items
Operating profit and profit after financial items Operating profit/loss Profit/loss after financial items MEUR MEUR I II III IV 9 8 % 12 7 7 10 6 5 8 5 6 3 4 4 1 3 2 2 -1 I II III IV 0 1 -3 0 -2 I II III IV 2000 Proforma 2001 -1 -4 2000 Proforma 2001 % %
Slide 7: Equity ratio, %
Equity ratio, % Componenta and Componenta Finance Componenta Componenta Finance 35 45 40 30 35 25 30 20 25 20 15 15 10 10 5 5 0 0 96 97 98 99 00 Q3/01 Proforma 1.1. 30.9.2001 Negative goodwill Preferred capital notes as equity Preferred capital notes as equity Preferred capital notes as liability Pr
Slide 8: Division of sales
Division of sales Sales by market Sales by business group area 18 % 2 % 16 % 3% 28 % 52 % 81 % Finland Cast and other components Rest of Scandinavia Other operations Rest of Europe Other countries Other
Slide 9: Sales to client industries
Sales to client industries Heavy General Off-road Other Trucks Engineering 55% 31% 11% 3%
Slide 10: Cast and other components
Cast and other components Net s a l e s Operating profit MEUR MEUR I II III IV 50 5 12 % 45 4,5 10 40 4 3,5 8 35 3 30 6 2,5 25 2 4 20 1,5 15 1 2 10 0,5 0 5 0 0 -0,5 I II III IV -2 I II III IV 2000 2001 % % 2000 2001
Slide 11: Cast and other components
Cast and other components • Net sales in previous year level – cumulative deliveries to truck industry at same level as in 2000; however, sales in third quarter 10% down compared to same period in 2000 – cumulative sales to general engineering also at same level as previous year; however, third quar
Slide 12: Cast and other components
Cast and other components • Negotiations with personnel started at Osby unit with a view to shutting down the unit • Programme of remedial action underway at loss-making Alvesta unit • Operations at units serving heavy truck industry adjusted for reduced demand • Programme of remedial action at Kark
Slide 13: Cast and other components, sales to general engineering
Cast and other components, sales to general engineering MEUR 18 16 14 12 10 8 6 4 2 0 I II III IV 1999 2000 2001
Slide 14: Cast and other components, sales to heavy truck industry
Cast and other components, sales to heavy truck industry MEUR 30 25 20 15 10 5 0 I II III IV 1999 2000 2001
Slide 15: Cast and other components, sales to off-road industry
Cast and other components, sales to off-road industry MEUR 6 5 4 3 2 1 0 I II III IV 1999 2000 2001
Slide 16: Other operations
Other operations Net s a l e s Operating profit MEUR MEUR I II III IV 12 0,8 8 % 0,7 7 10 0,6 6 8 0,5 5 0,4 4 6 0,3 3 4 0,2 2 0,1 1 2 0 0 I II III IV 0 -0,1 -1 I II III IV -0,2 -2 2000 2001 2000 2001 % %
Slide 17: Other operations and associated companies
Other operations and associated companies • Reduced demand in heavy truck industry also cut sales by the Group’s forges • Sales of aluminium and copper components show significant increase • Share of the result of associated companies was MEUR -0.7 (-0.1). One-time write-downs by Thermia AB were the
Slide 18: Prospects for the near future
Prospects for the near future • Uncertainty surrounds the future of the economy worldwide, events in the USA are slowing down economic growth globally • Demand in the heavy truck industry is estimated to fall by more than 10% from the previous year • Demand from general engineering is expected to fa