Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — Shareholder Meeting (May 2019)
29 slides from Vossloh Aktiengesellschaft's shareholder meeting presentation, May 22, 2019
Slide 1: Annual General Meeting of Vossloh AG, May 22, 2019
Annual General Grasping the future. Meeting Shaping the future. of Vossloh AG May 22, 2019
Slide 2: Light and shadow of 2018
Vossloh Group, 2018 fiscal year Light and shadow of 2018 Operational ▪ As expected, sales and profitability below previous year’s good figures due to the project- performance of core related weakness in China in the Core Components division business ▪ Clearly positive net income and significantly in
Slide 3: Course set for the future
Vossloh Group, 2018 fiscal year Course set for the future InnoTrans 2018 ▪ Overwhelming response from customers and business partners to Vossloh innovations at the world’s largest trade fair for rail technology ▪ Captivating trendsetting products and services from Vossloh ▪ “The Smart Rail Track by
Slide 4: Vossloh Group 2018
Vossloh Group 2018 4
Slide 5: Excellent starting point for future growth
Vossloh Group, 2018 fiscal year Excellent starting point for future growth Orders received (in € mill.) Order backlog (in € mill.) 979.2 595.0 867.2 90.8 12.9 79.6 474.4 17.9 504.6 345.7 513.0 309.2 391.3 237.3 285.0 151.2 2017 2018 2017 2018 Core Components Customized Modules Lifecycle Solutions 5
Slide 6: Sales and EBIT down year-over-year for project-related reasons
Vossloh Group, 2018 fiscal year Sales and EBIT down year-over-year for project-related reasons Sales (in € mill.) EBIT (in € mill.) EBIT margin (in percent) 918.3 865.0 70.3 7.7 54.2 6.3 2018: (5.8) Value added 2017 2018 2017 2018 2017 2018 (in € mill.) 2017: 11.1 6
Slide 7: Net income improved
Vossloh Group, 2018 fiscal year Net income improved Key Group indicators 2017 / 12/31/2017 2018 / 12/31/2018 Net income € mill. 0.3 22.7 Earnings per share € (0.50) 1.14 Free cash flow1) € mill. (22.3) (19.0) Equity € mill. 532.4 523.3 Equity ratio % 42.5 41.4 Net financial debt € mill. 207.7 307.3
Slide 8: Core Components
Core Components 8
Slide 9: Core Components: profitability down but still double-digit
Core Components Division, 2018 fiscal year Profitability down on previous year but still in double-digit range Sales (in € mill.) EBIT (in € mill.) EBIT margin (in percent) 351.4 51.2 14.6 292.6 11.8 34.5 2018: 17.5 Value added 2017 2018 2017 2018 2017 2018 (in € mill.) 2017: 34.3 9
Slide 10: Customized Modules
Customized Modules vossloh io
Slide 11: Customized Modules: earnings down after non-recurring effect in 2017
Customized Modules Division, 2018 fiscal year Earnings down year on year after positive non-recurring effect in 2017 Sales (in € mill.) EBIT (in € mill.) EBIT margin (in percent) 483.3 482.6 30.5 6.3 26.1 5.4 2018: (6.4) Value added 2017 2018 2017 2018 2017 2018 (in € mill.) 2017: (1.3) 11
Slide 12: Lifecycle Solutions
Lifecycle Solutions 4 y) vussloh :.
Slide 13: Lifecycle Solutions: sales reach €100 million mark
Lifecycle Solutions Division, 2018 fiscal year Sales reach €100 million mark for first time; earnings with one-off effect Sales (in € mill.) EBIT (in € mill.) EBIT margin (in percent) 100.0 12.9 12.9 91.0 6.6 7.3 2018: 2.2 Value added 2017 2018 2017 2018 2017 2018 (in € mill.) 2017: (3.5) 13
Slide 14: Dividend proposed
Dividend proposed
Slide 15: Vossloh Group Q1 2019
Vossloh Group Q1 2019 15
Slide 16: Q1 2019: sales higher, net income below previous year
Vossloh Group, Q1 2019 Sales noticeably higher, net income significantly below previous year Sales (in € mill.) EBIT (in € mill.) 1.6 178.3 190.0 (0.6 ) 1–3/2018 1–3/2019 1–3/2018 1–3/2019 16
Slide 17: Strong development of orders received continues
Vossloh Group, Q1 2019 Strong development of orders received continues Orders received (in € mill.) Order backlog (in € mill.) 281.0 686.1 211.4 513.2 1–3/2018 1–3/2019 3/31/2018 3/31/2019 17
Slide 18: Outlook and strategy
Outlook and strategy
Slide 19: Assessment of business development 2019–2020
Vossloh Group Assessment of business development 2019–2020 General market conditions ▪ Good order situation forms basis for future growth ▪ Higher visibility for deliveries in China after winning major projects in 2018 and April 2019 Outlook for 2019 for the operational business ▪ Forecast sales ran
Slide 20: Grasping the future. Shaping the future.
Grasping the future. Shaping the future.
Slide 21: Strategic direction for the future
Vossloh Group Grasping the future. Shaping the future. Strategic direction for the future Attractive product Added value for People make the Openness segments customers difference Developing the existing Promoting innovation and open- Increasing expertise through Producing close to customers, potent
Slide 22: Performance program
Vossloh Group Performance program Working capital Unprofitable activities Personnel costs Overheads Capital expenditure Review of various Reduction of various Optimization of committed alternatives including a Reduction in the number types of costs that are not Greater focus on capital possible sale
Slide 23: Leading solutions and services
Leading solutions and services
Slide 24: State-of-the-art materials and designs from Vossloh
The Smart Rail Track by Vossloh State-of-the-art materials and designs from Vossloh Vossloh protect Newly developed premium zinc coating from Vossloh ensures long- lasting corrosion protection of all steel components in rail fastening systems even in extreme conditions, such as high temperatures, la
Slide 25: Digitalization for maximum track availability (I)
The Smart Rail Track by Vossloh Digitalization for maximum track availability (I) ▪ In an ideal world, the condition of railway infrastructure is known at all times and maintenance can be planned in advance ▪ Artificial intelligence recognizes and analyzes potential damage to the track and gives rec
Slide 26: Digitalization for maximum track availability (II)
The Smart Rail Track by Vossloh Digitalization for maximum track availability (II) ▪ Switches are an ideal starting point for continuous collection of condition data with sensors ▪ Forward-looking IoT sensors enable real-time analysis of the state of switch systems ▪ Vossloh sensors freely configura
Slide 27: Summary
Summary
Slide 28: Summary
The Smart Rail Track by Vossloh Summary ▪ Substantial progress has been made toward the intelligent railway ▪ Order books for the coming years are very well filled ▪ Ambitious performance program to finance our vision implemented early on Our ambition: Vossloh aims to further expand its leading posi
Slide 29: Thank you for your time
Annual General Grasping the future. Meeting Shaping the future. of Vossloh AG May 22, 2019 Thank you for your time.