Grammer Ag · XETR:GMM
Grammer — Q3 2016 Earnings Presentation
13 slides from Grammer's earnings presentation, Nov 9, 2016
Slide 1: Presentation First Nine Month 2016
Presentation First Nine Month 2016 Amberg November 9, 2016
Slide 2: Grammer Group – Market Development 1-9 2016
GRAMMER GROUP – MARKET DEVELOPMENT 1-9 2016 Car markets continue to grow. Commercial vehicles with ongoing uncertainties Passenger Cars – New Registrations Global automotive markets with continued positive momentum in the first nine months New registrations in the NAFTA with +2% China with accelerat
Slide 3: Group – Development 1-9 2016: Revenues and EBIT
GROUP – DEVELOPMENT 1-9 2016 Group revenues and operating EBIT with strong increase Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +20% EBIT-margin Ops EBIT-margin 1,265.3 2.8% 3.9% 2.5% 3.8% 49.6 47.6 1,056.0 29.7 26.7 1-9 15 1-9 16 1-9 15 1-9 16 1-9 15 1-9 16 IFRS
Slide 4: Group – Development 1-9 2016: Net profit and EPS
GROUP – DEVELOPMENT 1-9 2016 Net profit and earnings per share follow IFRS EBIT development Net profit Earnings per share [in € million] [in €] 25.6 2.27 16.7 1.48 1-9 15 1-9 16 1-9 15 1-9 16 Copyright 2016 GRAMMER AG - Presentation 1-9 2016 November 9, 2016 Page 4
Slide 5: Group – Development 1-9 2016: Equity and net financial debt
GROUP – DEVELOPMENT 1-9 2016 Slightly decreasing equity. Net financial debt higher due to REUM acquisition Equity and equity-ratio Net financial debt and Gearing [in € million and %] [in € million and %] 243.8 249.5 162.9 136.3 29% 65% 24% 56% 09/30/15 09/30/16 09/30/15 09/30/16 Copyright 2016 GRAMM
Slide 6: Group – Development 1-9 2016: Capex
GROUP – DEVELOPMENT 1-9 2016 Investments focused on expansion and optimization measures Capex and Capex-ratio Capex 1-9 2016 by divisions [in € million and %] [in %] 34.1 25.0 Seating Systems 2.7% 16% 2.4% Automotive 76% 8% Central Services 1-9 15 1-9 16 Copyright 2016 GRAMMER AG - Presentation 1-9
Slide 7: Group – Development 1-9 2016: Cash flow
GROUP – DEVELOPMENT 1-9 2016 Strong improvement of Operating and Free Cash Flow Cash flow from operating activities Free cash flow* [in € million] [in € million] 43.0 10.4 -14.2 -34.1 1-9 15 1-9 16 1-9 15 1-9 16 *Free cash flow = CF from operating activities – CF from investing activities Copyright
Slide 8: Group – Development 1-9 2016: Employees
GROUP – DEVELOPMENT 1-9 2016 Higher headcount mainly due to REUM acquisition and capacity increase Employees Employees in low-cost / high-cost countries [month-end] [month-end] +7.6% 12,196 11,331 27% 30% 73% 70% 09/30/15 09/30/16 09/30/15 09/30/16 Copyright 2016 GRAMMER AG - Presentation 1-9 2016 N
Slide 9: Automotive – Development 1-9 2016
AUTOMOTIVE – DEVELOPMENT 1-9 2016 Strong growth vs. previous year. Improvement of operating performance on track Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +27% EBIT-margin Ops EBIT-margin 2.4% 3.0% 2.2% 3.0% 941.1 28.4 28.6 740.9 17.5 16.7 1-9 15 1-9 16 1-9 15
Slide 10: Seating Systems – Development 1-9 2016
SEATING SYSTEMS – DEVELOPMENT 1-9 2016 Very promising first nine months 2016 Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] EBIT-margin Ops EBIT-margin 5.7% 7.9% 5.2% 7.2% +5% 28.4 343.4 360.6 26.1 19.5 17.7 1-9 15 1-9 16 1-9 15 1-9 16 1-9 15 1-9 16 IFRS EBIT Operat
Slide 11: Grammer Group – Market Outlook 2016
GRAMMER GROUP – MARKET OUTLOOK 2016 Global car markets continue to grow. Truck markets with ongoing uncertainties Car production – 2015 & Forecast 2016 Truck production – 2015 & Forecast 2016 [in % yoy] [Trucks > 6t, in % yoy] Actual Forecast Actual Forecast 2015 2016 2015 2016 Europe +4% +3% Europe
Slide 12: Grammer Group – Outlook 2016
GRAMMER GROUP – OUTLOOK 2016 Outlook 2016 confirmed: Revenues >1.66 billion €, EBIT > 60 million € GRAMMER Group – Outlook 2016: Despite the still volatile environment, the GRAMMER Group’s business is expected to remain very positive in the fourth quarter of 2016. At the Group level (including the R
Slide 13: Legal Disclaimer
GRAMMER GROUP Legal Disclaimer This presentation has been prepared by Grammer AG solely for investor meetings in November 2016. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by