Sit S.p.a. · MIL:SIT
Sit — Q1 2019 Earnings Presentation
10 slides from Sit's earnings presentation, May 10, 2019
Slide 1: 2019Q1 - Results presentation
2019Q1 - Results presentation May 10, 2019
Slide 2: 2019Q1 – Revenues
2019Q1 – Revenues Breakdown by Division Euro million 2019Q1 % 2018Q1 % diff % Heating 62,1 77,1% 70,4 80,7% (11,7%) Smart Gas Metering 17,7 21,9% 16,1 18,5% 9,6% Total business sales 79,8 99,0% 86,5 99,1% (7,8%) Other revenues 0,8 1,0% 0,8 0,9% 6,7% Total revenues 80,6 100% 87,2 100% (7,6%) 87,2 Con
Slide 3: 2019Q1 - Heating sales by geography
2019Q1 - Heating sales by geography Euro million 2019Q1 % 2018Q1 % diff % Italy 10,9 17,6% 12,4 17,7% (12,2%) Europe (excluding Italy) 32,1 51,7% 39,8 56,6% (19,4%) America 13,7 22,1% 11,5 16,3% 19,4% Asia / Pacific 5,4 8,6% 6,6 9,4% (18,8%) Total business sales 62,1 100% 70,4 100% (11,7%) • Italy r
Slide 4: Smart Gas Metering keeps growing
2019Q1 - Smart Gas Metering keeps growing Smart Gas Metering business sales by application Euro million 2019Q1 % 2018Q1 % diff % Residential 16,7 94,6% 15,5 96,0% 8,0% Commercial & Industrial 0,9 5,0% 0,6 3,6% 52,9% Other 0,1 0,4% 0,1 0,4% (4,3%) Total business sales 17,7 100% 16,1 100% 9,6% • At Ma
Slide 5: Key financial results
2019Q1 - Key financial results (Euro million) 2019Q1 % 2018Q1 % diff% • Change in revenues of -7,6% is due to: Revenues 80,6 100,0% 87,2 100,0% -7,6% - Heating, -8,3€, -11,7% - Smart Gas Metering, +1,5€, +9,6% EBITDA (1) 12,5 15,5% 13,8 15,8% -9,6% EBIT (1) 7,1 8,9% 9,4 10,8% -24,0% • At same forex
Slide 6: 2019Q1 – EBITDA bridge
2019Q1 – EBITDA bridge Euro million 13,8 0,5 -0,4 -1,7 12,5 1,2 -0,9 EBITDA Vol/Mix Prices, net Operations Forex, net Other EBITDA 2018Q1 2019Q1 6
Slide 7: 2019 – Key projects and initiatives
2019 – Key projects and initiatives • New product development – In the Heating sector, at the main industry trade exhibition (Frankfurt – ISH), SIT disclosed an advanced stage concept for a new platform of Integrated Systems that was very well received by customers – Product development for the US m
Slide 8: 2019 – Outlook
2019 – Outlook • The positive outlook for the Smart Gas Metering business is supported by the significant order backlog and consolidated improvement in product cost thanks to redesign and purchasing economies • In the Heating Division volumes are expected to slightly contract versus the previous yea
Slide 9: Regulatory statement
Regulatory statement Regulatory statement: The manager responsible for the preparation of the company's accounts, Paul Fogolin, hereby declares, as per article 154-bis, paragraph 2, of the "Testo Unico della Finanza", that all information related to the company's accounts contained in this presentat
Slide 10: Disclaimer
Disclaimer • This presentation has been prepared by SIT S.p.A. only for information purposes and for the presentation of the Group’s results and strategies. • For further details on the SIT Group, reference should be made to publicly available information. • Statements contained in this presentation