Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q1 2019 Earnings Presentation
14 slides from Exel Composites Oyj's earnings presentation, May 3, 2019
Slide 1: Strong growth in the first quarter
STRONG GROWTH IN THE FIRST QUARTER January-March 2019 Business Review Riku Kytömäki, President and CEO 3 May 2019 Exel Composites
Slide 2: Exel Composites overview
Exel Composites overview A globally leading composite technology company Customers in over that designs, manufactures and markets fiber reinforced 50 plastics products and solutions countries for demanding applications in Manufacturing in various segments and markets 6 Industrial, construction & cou
Slide 3: Q1 2019 in brief
Q1 2019 in brief • Business environment – Strong revenue growth in Construction & Infrastructure, driven by wind energy industry. – Organic growth was 8.3%, DSC increased Group revenue by 17.6%. – Telecommunications market conditions continue challenging, impacting Industrial Applications. – Geograp
Slide 4: Quarterly highlights
Quarterly highlights Revenue, EUR million Order intake, EUR million 29.1 26.7 21.4 22.4 23.1 19.3 24.7 20.4 23.2 25.3 23.4 25.0 20.3 21.5 27.1 22.5 22.0 28.2 Q1-Q4 Q1-Q4 Q1 Q1-Q4 Q1-Q4 Q1 2017 2018 2019 2017 2018 2019 Adjusted operating profit, Net cash flow, EUR million EUR million 1.3 0.8 1.6 0.5
Slide 5: Key figures Q1 2019
Key figures Q1 2019 1.1.-31.3. 1.1.-31.3. Change, 1.1.-31.12. EUR thousand 2019 2018 % 2018 Order intake 28,156 21,972 28.1 100,757 Order backlog 1) 24,750 17,503 41.4 23,685 Revenue 2) 27,090 21,519 25.9 96,608 Operating profit 405 1,630 -75.2 2,217 % of revenue 1.5 7.6 2.3 Adjusted operating profi
Slide 6: Order backlog and revenue increased significantly in Q1
Order backlog and revenue increased significantly in Q1 30 30 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 Revenue, EUR million Order backlog, EUR million, end of period Exel Composites 6
Slide 7: Construction & Infrastructure main growth driver in Q1
Construction & Infrastructure main growth driver in Q1 Revenue by customer segment, Industrial Applications EUR million 30 25 6.5 20 4.7 Telecommuni- Paper Electrical Machine Transportation 15 5.6 11.3 Industry Industry Industry cation Industry 10 11.3 9.3 5 Construction & Other 0 Infrastructure App
Slide 8: Adjusted operating profit improved in Q1
Adjusted operating profit improved in Q1 4 20% 3 2 10% 1 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 Adjusted operating profit, EUR million Adjusted operating profit margin, % Operating profit target, % Exel Composites 8
Slide 9: Implementation of cost reduction program continued in Q1
Implementation of cost reduction program continued in Q1 • Initiated in 2018 to improve Group profitability. • Consists, among other things, of: – Optimization of manufacturing footprint in Europe • Process to close production in Germany was completed at the end of April 2019 – Improve the profitabi
Slide 10: ROCE at 2.8% in Q1
ROCE at 2.8% in Q1 20% 80 60 10% 40 20 0% 0 2015 2016 2017 2018 Q1 2019 Capital employed, MEUR ROCE, % A one-time cost of EUR 1.2 million related to the closing of production in Germany impacted ROCE in the first quarter of 2019. Exel Composites 10
Slide 11: Outlook for 2019
Outlook for 2019 Exel Composites expects revenue as well as adjusted operating profit to increase in 2019 compared to 2018. Exel Composites 11
Slide 12: More information at www.exelcomposites.com
More information at www.exelcomposites.com Financial calendar 2019 • Business Review January - March 3 May 2019 • Half Year Financial Report January - June 23 July 2019 • Business Review January - September 30 October 2019 Your IR contacts Riku Kytömäki Mikko Kettunen Noora Koikkalainen President an
Slide 13: News highlights at www.exelcomposites.com
News highlights at www.exelcomposites.com Subscribe to Exel Composites news and releases: Follow us on social media: Exel Composites 13
Slide 14: Thank you!
THANK YOU! OL. Exel Composites